Nonprofit · EIN 27-3484801
SECOND LIFE BIKES
Tax-exempt · ASBURY PARK, NJ 07712
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $466,927 | $500,317 | -$33,390 | $561,969 | $319,775 | $242,194 |
| December 31, 2023 | 990 | $473,493 | $453,566 | $19,927 | $345,473 | $69,889 | $275,584 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $245,604
- Program service revenue
- $189,102
- Investment income
- $7
- Net rental income
- $32,214
- Other revenue
- $32,214
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $104,832
- Salaries, compensation and benefits (total)
- $113,591
- Professional fundraising fees
- $0
- Accounting fees
- $4,684
- Occupancy
- $82,576
- Program services (functional)
- $464,524
- Management and general (functional)
- $26,814
- Fundraising (functional)
- $8,979
Balance sheet and other
- Total assets, start of year
- $345,473
- Total assets, end of year
- $561,969
- Total liabilities, end of year
- $319,775
- Net assets, end of year
- $242,194
- Net assets without donor restrictions
- $242,194
- Gross receipts
- $466,927
- Employees
- 3
- Volunteers
- 100
- Year formed
- 2010
- State of legal domicile
- NJ
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 |
|---|---|---|---|
| KERRI MARTIN | VICE PRESIDE Officer | 40 | $65,000 |
| JENNIFER CREWS | PRESIDENT Officer | 2 | $0 |
| ROGER BOYCE | TREASURER Officer | 2 | $0 |
| PAUL MCEVILY | SECRETARY Officer | 2 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KERRI MARTIN | VICE PRESIDE Officer | 40 | $60,000 |
| JENNIFER CREWS | PRESIDENT Officer | 2 | $0 |
| ROGER BOYCE | TREASURER Officer | 2 | $0 |
| PAUL MCEVILY | SECRETARY Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 21 MAIN ST, ASBURY PARK, NJ 07712-7012
- In care of
- % KERRY MARTIN
- Principal officer (990 for 2024)
- KERRI MARTIN, 21 MAIN ST, ASBURY PARK, NJ 07712
- Signed the 990
- KERRI MARTIN, VICE PRESIDENT
- Phone
- (732) 776-6878
- Website
- WWW.SECONDLIFEBIKES.ORG
- Return prepared by
- ROGER K STEIN CPA LLC
Mission
SECOND LIFE BIKES, INC. IS A BIKING COMMUNITY CENTER IN ASBURY PARK WHERE PEOPLE CONNECT TO EACH OTHER, BUILD SKILLS, JOIN GROUP BIKE RIDES, LEARN BIKE SAFETY, AND CREATE BIKE ART AND CUSTOM DESIGNS THAT CAN SUPPORT NEW SOCIAL ENTERPRISES. ITS MISSION IS TO GET MORE PEOPLE (ESPECIALLY YOUTH) ON BIKES, MORE OFTEN, WHILE ENCOURAGING PEOPLE TO REPURPOSE OLD BIKES AND BIKE PARTS, RATHER THAN DISCARD THEM.
Program accomplishments
- THE MISSION OF SECOND LIFE BIKES, INC. IS TO CREATE A BIKING COMMUNITY IN THE ASBURY PARK AREA WITH A FOCUS ON CHILDREN. THE ORGANIZATION PRIMARILY USES PROCEEDS FROM THE COMMUNITY BIKE SHOP TO SUPPORT A YOUTH EARN-A-BIKE PROGRAM. SECOND LIFE BIKES, INC. CONTINUED TO FULFILL ITS MISSION THROUGH THE COMMUNITY BIKE SHOP. THE ORGANIZATION WORKS WITH MANY SCHOOLS AND COMMUNITY ORGANIZATIONS. THE YOUTH EARN-A-BIKE PROGRAM ALLOWS YOUTH AGES 12 - 18 THE OPPORTUNITY TO GAIN VALUABLE JOB AND LIFE SKILLS IN ADDITION TO EARNING THEM A BICYCLE.Expenses $464,524
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
- 27-3484801
- 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
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $561,969
- Income (IRS master file)
- $466,927
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $466,927 | $500,317 | $561,969 | IRS |
| 990 | December 2023 | $473,493 | $453,566 | $345,473 | XML |
| 990 | December 2022 | $421,046 | $427,029 | $310,993 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 27-3484801).
Questions about SECOND LIFE BIKES
- What is the EIN of SECOND LIFE BIKES?
- The employer identification number (EIN) of SECOND LIFE BIKES is 27-3484801.
- Is SECOND LIFE BIKES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to SECOND LIFE BIKES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SECOND LIFE BIKES 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 SECOND LIFE BIKES 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 SECOND LIFE BIKES 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 SECOND LIFE BIKES?
- The 990 for the year ended December 31, 2024 names KERRI MARTIN.
- Who are the officers and directors of SECOND LIFE BIKES?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $65,000 (KERRI MARTIN, VICE PRESIDE).
- How much revenue does SECOND LIFE BIKES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $466,927, expenses of $500,317 and total assets of $561,969 at year end.
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