Nonprofit · EIN 27-5500795
MAIN LINE CYCLE CENTER
Also known as LOWERTOWN BIKE
Tax-exempt · SAINT PAUL, MN 55101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $205,507 | $238,467 | -$32,960 | $238,497 | $96,051 | $142,446 |
| December 31, 2023 | 990 | $194,224 | $241,702 | -$47,478 | $275,464 | $100,058 | $175,406 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Net income from sales of inventory
- $205,507
- Other revenue
- $205,507
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $135,818
- Salaries, compensation and benefits (total)
- $147,938
- Professional fundraising fees
- $0
- Accounting fees
- $1,513
- Occupancy
- $38,144
- Travel
- $355
- Depreciation
- $8,470
- Program services (functional)
- $183,025
- Management and general (functional)
- $55,442
Balance sheet and other
- Total assets, start of year
- $275,464
- Total assets, end of year
- $238,497
- Total liabilities, end of year
- $96,051
- Net assets, end of year
- $142,446
- Land, buildings and equipment
- $28,820
- Net assets without donor restrictions
- $142,446
- Gross receipts
- $414,571
- Employees
- 9
- Volunteers
- 12
- Year formed
- 2011
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jeremy Wagner | Executive Director/Board Chair Trustee or director, Officer | 40 | $37,049 |
| Jeremy Wendt | Vice President Trustee or director, Officer | 1 | $0 |
| William Armstrong | Treasurer Trustee or director, Officer | 1 | $0 |
| Jake McLawhorn | Board Member Trustee or director | 5 | $0 |
| Emilie Hance | Board Member Trustee or director | 1 | $0 |
| Andy Zurn | Board Member Trustee or director | 4 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jeremy Wagner | Executive Director Trustee or director, Officer | 40 | $35,984 |
| Lauren Bartley | Board President Trustee or director, Officer | 1 | $0 |
| Jeremy Wendt | Vice President Trustee or director, Officer | 1 | $0 |
| William Armstrong | Treasurer Trustee or director, Officer | 1 | $0 |
| Jake McLawhorn | Board Member Trustee or director | 5 | $0 |
| Emilie Hance | Board Member Trustee or director | 1 | $0 |
| Andy Zurn | Board Member Trustee or director | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 214 4TH ST E STE 160, SAINT PAUL, MN 55101-1576
- In care of
- % CRYSTAL SURSELY
- Principal officer (990 for 2024)
- Jeremy Wagner, 293 Cesar Chavez St, Saint Paul, MN 55107
- Signed the 990
- Jeremy Wagner, Executive Director
- Phone
- (651) 222-0775
- Website
- www.lowertownbikeshop.com
- Return prepared by
- Accounting Angel LLC
Mission
Lowertown Bike Shop (LBS) is dedicated to providing sustainable transportation options using recycled bikes and parts. LBS provides educational opportunities to promote health, safety, environmental awareness, and connectedness within our community.
Program accomplishments
- Retail and repair shop level services for underserved riders: Lowertown Bike Shop focused it's efforts on providing a welcoming and educational experience to all forms of underserved riders. The bicycle industry defines an affordable bike as one costing below $1,000. LBS served populations of female, low income, racially diverse, homeless, mentally ill, developmentally disabled, urban commuter, and novice riders, many with a budget of less than $500. Many of these communities have been underserved by the bicycle industry. We have provided for these populations by supplying new and used bikes that fit all body types, riding styles, and every budget. We also accommodate these riders by custom building for their needs and budgets, often utilizing used parts and bikes. Lowertown Bike Shop built custom bikes to meet the needs of 51 people in 2024. Of those people, LBS donated 6 used bikes at no cost to the individual. LBS also supplied free and/or reduced cost bikes, parts, and services to 13 individuals in demonstrated need.Expenses $144,590 · revenue $162,921
- Recycling and Reuse: Lowertown Bike Shop is dedicated to sustainability in the bicycling community. We have refurbished or found a home for over 164 used bikes in 2024. We have saved hundreds of bikes from the landfill by keeping a stock of used bikes waiting to be fixed and rehabilitated for riders in need of a budget-friendly bike. Bikes that otherwise would have ended up in the trash. We participated in community clean up events processing, recycling, and salvaging 61 bikes. We recycled at least 4,605 pounds of scrap metal that would have ended up in the landfill, and recycled 280 tires and 413 tubes through our on-site recycling program.Expenses $38,435 · revenue $43,148
- Educational and training services to employees and volunteers: Lowertown Bike Shop's volunteer program clocked a total of 546 volunteer hours. LBS allowed individuals to work off community service, or help fulfill an unemployment or school requirement. LBS also continued providing jobs and competitive wages in their community. They have made it a part of their training to educate their employees and volunteers in basic maintenance, fit, riding styles, bicycle recycling and reuse, barista and coffee service, and sales through education in a welcoming environment. They provide individuals the necessary skills to seek future employment in industries that require experience for hire.0
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-5500795
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W99)
- Assets (IRS master file)
- $238,497
- Income (IRS master file)
- $414,571
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $205,507 | $238,467 | $238,497 | IRS |
| 990 | December 2023 | $194,224 | $241,702 | $275,464 | XML |
| 990 | December 2022 | $239,038 | $227,019 | $319,634 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-5500795).
Questions about MAIN LINE CYCLE CENTER
- What is the EIN of MAIN LINE CYCLE CENTER?
- The employer identification number (EIN) of MAIN LINE CYCLE CENTER is 27-5500795.
- Is MAIN LINE CYCLE CENTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to MAIN LINE CYCLE CENTER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAIN LINE CYCLE CENTER file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MAIN LINE CYCLE CENTER due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAIN LINE CYCLE CENTER last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MAIN LINE CYCLE CENTER?
- The 990 for the year ended December 31, 2024 names Jeremy Wagner.
- Who are the officers and directors of MAIN LINE CYCLE CENTER?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $37,049 (Jeremy Wagner, Executive Director/Board Chair).
- How much revenue does MAIN LINE CYCLE CENTER have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $205,507, expenses of $238,467 and total assets of $238,497 at year end.
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