Nonprofit · EIN 46-0957576
BIKE LIBRARY INC
Tax-exempt · IOWA CITY, IA 52240
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $424,165 | $277,396 | $146,769 | $708,560 | $305,871 | $402,689 |
| December 31, 2023 | 990 | $336,285 | $243,408 | $92,877 | $575,352 | $319,432 | $255,920 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $221,830
- of which government grants
- $17,500
- Program service revenue
- $38,340
- Investment income
- $773
- Net rental income
- $2,400
- Net income from sales of inventory
- $160,822
- Other revenue
- $163,222
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $69,895
- Other salaries and wages
- $87,179
- Salaries, compensation and benefits (total)
- $178,254
- Professional fundraising fees
- $0
- Accounting fees
- $6,541
- Occupancy
- $8,071
- Travel
- $1,506
- Depreciation
- $8,523
- Program services (functional)
- $221,706
- Management and general (functional)
- $47,351
- Fundraising (functional)
- $8,339
Balance sheet and other
- Total assets, start of year
- $575,352
- Total assets, end of year
- $708,560
- Total liabilities, end of year
- $305,871
- Net assets, end of year
- $402,689
- Land, buildings and equipment
- $430,038
- Net assets without donor restrictions
- $402,689
- Gross receipts
- $424,165
- Employees
- 3
- Volunteers
- 150
- Year formed
- 2004
- State of legal domicile
- IA
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 | Other / benefits |
|---|---|---|---|---|
| WIEDEMEIER AUDREY | EXECUTIVE DIRECTOR Officer | 40 | $62,400 | $7,496 |
| HAVERKAMP MIKE | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| STIERLER KAREN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| HOLLAND III FRANK DELNO | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| SPRINGER ROBIN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BAKER RYAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRANCH TONY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GUERRA CLARITY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KENNEDY WANDA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KLINGELHUTZ JOE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NGUYEN HIEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SMITH ANGIE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VERNON ANNETTE | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WIEDEMEIER AUDREY | EXECUTIVE DIRECTOR Officer | 40 | $52,000 | $5,380 |
| VERNON ANNETTE | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| STIERLER KAREN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| HOLLAND III FRANK DELNO | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| SPRINGER ROBIN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BAKER RYAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRANCH TONY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GUERRA CLARITY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HAVERKAMP MIKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KENNEDY WANDA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KLINGELHUTZ JOE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NGUYEN HIEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SMITH ANGIE | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1222 GILBERT CT, IOWA CITY, IA 52240-4529
- Mailing address (990-N for 2018)
- PO Box 2870, Iowa City IA 52244
- Principal officer (990 for 2024)
- MIKE HAVERKAMP, 1222 GILBERT COURT, IOWA CITY, IA 522404529
- Principal officer (990-N for 2018)
- Brenda Lindley, PO Box 2870, Iowa City IA 52244
- Signed the 990
- AUDREY WIEDEMEIER, EXECUTIVE DIRECTOR
- Phone
- (319) 455-6558
- Website
- www.icbikelibrary.org/
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE PURPOSE OF BIKE LIBRARY INC, IS TO EXPAND CYCLING TRANSPORTATION OPTIONS, REDUCE AUTOMOBILE CONGESTION, PROVIDE EDUCATION IN PROMOTION OF CYCLING, AND PROVIDE THE GENERAL HEALTH BENEFITS THAT ACCOMPANY CYCLING. BIKE LIBRARY INC IS DEDICATED TO INCREASING THE NUMBER OF PEOPLE RIDING BICYCLES FOR TRANSPORTATION.
Program accomplishments
- COMMUNITY BIKE SUPPORT AND EDUCATION: OUR ORGANIZATION FOCUSES ON RECYCLING AND UP-CYCLING DONATED BIKES, ADVOCATING FOR BICYCLE INFRASTRUCTURE, AND EMPOWERING DIVERSE INDIVIDUALS THROUGH REPAIR, CARE, AND RIDING EDUCATION. WITH FIFTEEN PROGRAMS, OUR FLAGSHIP SIX-MONTH BICYCLE CHECKOUT LENDS REFURBISHED BIKES, OFFERING AN AFFORDABLE ENTRY IN BICYCLING . IN 2024, THE BIKE LIBRARY CHECKED OUT 114 BICYCLES, PROVIDING A PRIMARY MODE OF TRANSPORTATION FOR MANY.OUR AS-IS BICYCLE SALES ALLOW PATRONS TO PURCHASE LOW-COST BIKES AND PARTS. WE OFFER FREE PROGRAMS, REPAIR CLASSES, AND "RENT-A-BENCH" SERVICES GUIDED BY SKILLED MECHANICS. IN 2024, WE SOLD 539 AS-IS BICYCLES, AND THROUGH OTHER PROGRAMS SERVED A TOTAL OF 2000 PEOPLE WITH REFURBISHED BIKES. OUR YOUTH INITIATIVES PROVIDE FREE BIKES, SAFETY EDUCATION, AND PARTNERSHIPS FOR SCHOOL RIDES AND WEEK-LONG BICYCLE CAMPS. WE ENGAGE THE PUBLIC THROUGH COMMUNITY RIDES SO INDIVIDUALS GAIN CONFIDENCE IN CYCLING.Expenses $221,706 · revenue $199,162
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
- 46-0957576
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W99)
- Assets (IRS master file)
- $708,560
- Income (IRS master file)
- $424,165
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $424,165 | $277,396 | $708,560 | IRS |
| 990 | December 2023 | $336,285 | $243,408 | $575,352 | XML |
| 990 | December 2022 | $278,265 | $226,651 | $500,416 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-N for 2018 Officer: Brenda Lindley | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about BIKE LIBRARY INC
- What is the EIN of BIKE LIBRARY INC?
- The employer identification number (EIN) of BIKE LIBRARY INC is 46-0957576.
- Is BIKE LIBRARY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to BIKE LIBRARY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BIKE LIBRARY 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 BIKE LIBRARY INC 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 BIKE LIBRARY INC 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 BIKE LIBRARY INC?
- The 990 for the year ended December 31, 2024 names MIKE HAVERKAMP.
- Who are the officers and directors of BIKE LIBRARY INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $62,400 (WIEDEMEIER AUDREY, EXECUTIVE DIRECTOR).
- How much revenue does BIKE LIBRARY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $424,165, expenses of $277,396 and total assets of $708,560 at year end.
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