Nonprofit · EIN 45-4335893
BEARINGS BIKE SHOP INC
Tax-exempt · ATLANTA, GA 30310
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 (amended) | $2,334,468 | $1,309,317 | $1,025,151 | $4,181,093 | $196,487 | $3,984,606 |
| March 31, 2024 | 990 | $1,337,589 | $1,186,772 | $150,817 | $3,016,771 | $57,316 | $2,959,455 |
| March 31, 2023 | 990 | $1,351,451 | $1,022,248 | $329,203 | $2,876,733 | $68,095 | $2,808,638 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $2,135,509
- Program service revenue
- $62,825
- Investment income
- $38,298
- Net income from fundraising events
- -$49,760
- Net income from sales of inventory
- $147,596
- Other revenue
- $97,836
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $98,386
- Other salaries and wages
- $590,621
- Salaries, compensation and benefits (total)
- $908,133
- Professional fundraising fees
- $0
- Accounting fees
- $19,348
- Occupancy
- $34,305
- Depreciation
- $55,948
- Program services (functional)
- $1,034,611
- Management and general (functional)
- $195,920
- Fundraising (functional)
- $78,786
Balance sheet and other
- Total assets, start of year
- $3,016,771
- Total assets, end of year
- $4,181,093
- Total liabilities, end of year
- $196,487
- Net assets, end of year
- $3,984,606
- Land, buildings and equipment
- $2,051,687
- Net assets without donor restrictions
- $3,001,379
- Net assets with donor restrictions
- $983,227
- Gross receipts
- $2,440,378
- Employees
- 26
- Volunteers
- 74
- Year formed
- 2013
- State of legal domicile
- GA
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 March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIMOTHY O'MARA | EXECUTIVE DI Trustee or director, Officer | 40 | $98,386 | $41,156 |
| KIRK BOWERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STACYE BRIM | BOARD MEMBER Trustee or director, Officer | 2 | $0 | $0 |
| ALEX DOMINGUEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ALEX GRADY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAN HELLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DARRYL LESURE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JIM LOKEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SCOTT MAWDESLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LONI METTER | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| CHUCK OGLETREE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RONDA ZENTS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended March 31, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIMOTHY O'MARA | EXECUTIVE DI Trustee or director, Officer | 40 | $106,200 | $72,920 |
| EDDIE FERGUSON | TREASURER Trustee or director | 1 | $0 | $0 |
| DAN HELLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DARRYL LESURE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JIM LOKEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LONI METTER | CHAIRMAN Trustee or director | 1 | $0 | $0 |
| CHUCK OGLETREE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RONDA ZENTS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended March 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIMOTHY O'MARA | EXECUTIVE DI Trustee or director, Officer | 40 | $107,500 | $26,836 |
| STACYE BRIM | CHAIRWOMAN Trustee or director, Officer | 2 | $0 | $0 |
| ALEX DOMINGUEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EDDIE FERGUSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JIM LOKEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EVAN LONGSTRETH | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| LONI METTER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHUCK OGLETREE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RONDA ZENTS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 982 MURPHY AVE SW, ATLANTA, GA 30310-2835
- Mailing address (990-N for 2015)
- PO Box 10822, Atlanta GA 30310
- Principal officer (990 for 2024)
- TIMOTHY O'MARA, 982 MURPHY AVENUE SW, ATLANTA, GA 30310
- Principal officer (990-N for 2015)
- Timothy O'Mara, 745 Catherine Street SW, Atlanta GA 30310
- Signed the 990
- TIMOTHY O'MARA, EXECUTIVE DIRECTOR
- Phone
- (404) 484-4180
- Website
- www.bearingsbikeshop.org
- Return prepared by
- GEESLIN GROUP LLC
Mission
THE ORGANIZATION'S MISSION IS TO PUT THE RIGHT TOOLS IN THE HANDS OF YOUTH ENABLING THEM TO ADVANCE THEIR SKILLS TO BUILD PRODUCTIVE LIVES.
Program accomplishments
- THROUGH FOUR PROGRAMS, BEARINGS BIKE WORKS UNIQUELY PROVIDES LEARNING EXPERIENCES AND RESOURCES TO HELP YOUTH DEVELOP IN THE CONTEXT OF WORK - ALL CONNECTED TO BIKE BUILDING, RIDING, RACING AND RELATED LIFE SKILLS. SKILLS FOR LIFE IS BEARINGS- DROP-IN AFTER SCHOOL PROGRAM WHERE KIDS ARE EXPOSED TO TRANSFERABLE TECHNICAL KNOWLEDGE AND SKILLS FROM THE STARTING POINT OF A CHILDHOOD ICON, THE BIKE. IN SKILLS FOR LIFE, ALL PROGRAM ACTIVITIES AND SKILLS ASSESSMENTS ARE BASED ON BUILDING AND FIXING BIKES; LEARNING IS SELF-PACED, AND EARNING AND MAINTAINING A BIKE PROVIDES NATURAL INCENTIVES FOR PROGRESS. SOFT SKILLS AND CHARACTER STRENGTH DEVELOPMENT ARE EMBEDDED INTO THE EXPERIENCE AND SUPPORTED BY CARING, TRUSTED ADULT MENTORS. IN 2023, OVER 300 STUDENTS LOGGED OVER 4,000 HOURS IN SKILLS FOR LIFE PROGRAMMING, DEVELOPING SKILLS AND BUILDING RELATIONSHIPS. STUDENTS DEMONSTRATED SKILL MASTERY THROUGH MECHANICAL CURRICULUM "LEVEL UPS" 150 TIMES. OVER 80% OF STUDENTS SURVEYED REPORT HAVING AT LEAST ONE HIGH QUALITY DEVELOPMENTAL RELATIONSHIP WITH AN ADULT LEADER AT BEARINGS. GEARING UP IS A SCHOOL-PARTNERSHIP PROGRAM THAT OFFERS HANDS-ON, STUDENT- CENTERED LEARNING EXPERIENCES AND INTERVENTION FOR STRUGGLING STUDENTS. BEARINGS STAFF COACH THE STUDENTS THROUGH THE MECHANICAL CURRICULUM, BUILDING POSITIVE DEVELOPMENTAL RELATIONSHIPS AND USING AUTHENTIC EXPERIENCES TO FOSTER SOFT SKILLS AND CHARACTER STRENGTHS WHILE ALSO PROVIDING CONTEXT FOR CLASSROOM CONTENT. IN 2023, BEARINGS SERVED 52 YOUTH THROUGH GEARING UP; 100% COMPLETED THE FIRST LEVEL OF THE MECHANICAL CURRICULUM. SCHOOL LEADERS REGULARLY REPORT TO BEARINGS THAT STUDENTS HONE SKILLS SUCH AS SELF-GOVERNANCE, PERSEVERANCE AND CRITICAL THINKING BECAUSE OF BEARINGS' PARTNERSHIP PROGRAM. FRAMEWORKS IS BEARINGS' WORKFORCE DEVELOPMENT PROGRAM FOR TEENS AND YOUNG ADULTS THAT CREATES SKILL-BUILDING OPPORTUNITIES THROUGH REAL-LIFE WORK EXPERIENCE IN THE CONTEXT OF BEARINGS RETAIL BIKE SHOP. BEARINGS TAKES A MARKET-BASED APPROACH TO WORKFORCE DEVELOPMENT: THE PROGRAM REWARDS HARD WORK AND SKILLS DEVELOPMENT, INVITING TEENS TO APPLY FOR EMPLOYMENT AT BEARINGS THROUGH ENROLLMENT IN THE PROGRAM. FRAMEWORKS CURRENTLY FUNCTIONS IN TWO FORMATS: AN 8-WEEK SUMMER INTERNSHIP EXPERIENCE FOR HIGH SCHOOLERS; AND A 12-18-MONTH ADVANCED MECHANICAL AND JOB TRAINING PROGRAM FOR YOUNG ADULTS 18-22 WHO ARE DISCONNECTED FROM SCHOOL AND WORK. TO DATE, 100% OF FRAMEWORKS GRADUATES HAVE ENROLLED IN POST-SECONDARY EDUCATION OR SECURED EMPLOYMENT WITHIN 6 MONTHS OF HIGH SCHOOL COMPLETION. AS KIDS GROW IN THEIR ENJOYMENT OF RIDING THE BIKES THEY'VE EARNED, BEARINGS INVITES THEM TO STEP INTO CYCLING AND BEGIN TO LEARN MORE ADVANCED BIKE HANDLING SKILLS. OUR YOUTH MOUNTAIN BIKING PROGRAM INCLUDES CLINICS, CAMPS, AND A COMPETITIVE MOUNTAIN BIKING TEAM. BECAUSE OF ITS INFRASTRUCTURE, BEARINGS IS ABLE TO PROVIDE A UNIQUE COMPETITIVE SPORT EXPERIENCE IN AN URBAN SETTING THAT WOULD OTHERWISE BE INACCESSIBLE DUE TO THE NUMEROUS BARRIERS TO ENTRY, INCLUDING THE HIGH COST OF COMPETITIVE CYCLING. FURTHER, THE IMPORTANCE OF INTRODUCING A SPORT-BASED PROGRAM NOT ONLY ALLOWS YOUTH TO DEVELOP POSITIVE, MENTORING RELATIONSHIPS WITH COACHES AND A SOCIAL SUPPORT SYSTEM AMONG THEIR PEERS, BUT ALSO IMPACTS CURRENT HEALTH DETERMINANTS AND LONG-TERM HEALTH OUTCOMES.Expenses $1,034,611
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 March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 45-4335893
- 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
- 2012
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P99)
- Assets (IRS master file)
- $4,181,093
- Income (IRS master file)
- $2,440,378
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $2,334,468 | $1,309,317 | $4,181,093 | XML |
| 990 | March 2024 | $1,337,589 | $1,186,772 | $3,016,771 | XML |
| 990 | March 2023 | $1,351,451 | $1,022,248 | $2,876,733 | XML |
| 990 | March 2022 | $973,029 | $839,216 | $2,495,891 | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
| 990 | March 2018 | – | – | – | IRS |
| 990-N for 2015 Officer: Timothy O'Mara | December 31, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
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 45-4335893).
Questions about BEARINGS BIKE SHOP INC
- What is the EIN of BEARINGS BIKE SHOP INC?
- The employer identification number (EIN) of BEARINGS BIKE SHOP INC is 45-4335893.
- Is BEARINGS BIKE SHOP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to BEARINGS BIKE SHOP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BEARINGS BIKE SHOP INC 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 BEARINGS BIKE SHOP INC due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BEARINGS BIKE SHOP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of BEARINGS BIKE SHOP INC?
- The 990 for the year ended March 31, 2025 names TIMOTHY O'MARA.
- Who are the officers and directors of BEARINGS BIKE SHOP INC?
- The 990 for the year ended March 31, 2025 lists 12 people; 1 received compensation from the organization, the highest $98,386 (TIMOTHY O'MARA, EXECUTIVE DI).
- How much revenue does BEARINGS BIKE SHOP INC have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $2,334,468, expenses of $1,309,317 and total assets of $4,181,093 at year end.
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