BROKE SPOKE COMMUNITY BIKE SHOP INC
501 West Sixth St.
Suite 130
Lexington KY 40508
Contact Information
Nonprofit BROKE SPOKE COMMUNITY BIKE SHOP INC
Address 501 West Sixth St.
Suite 130
Lexington, KY 40508
Phone (859) 489-1865
Contact Name Tim Buckingham
At A Glance
IRS Ruling Year 2012
Other ways to donate, support, or volunteer To provide better access to better bicycles for all people and to empower individuals to perform their own bicycle maintenance.
Donations of bikes, parts, tools, etc are accepted during our regular open hours. 
Open Hours:
Tuesdays 6-9 pm
Thursday 6-9 pm
Sunday 1-5 pm
Additionally, bike donations can be dropped off at Habitat for Humanity on Southland Dr. during their regular hours. 
 
Send checks to:
804 N. Limestone
Lexington, KY 40505
 
Volunteers are needed and encouraged during all open shifts. We host a monthly volunteer orientation on the first Sunday of the month at noon. 
Financial Summary
 
 
Statements
Mission Statement To provide better access to better bicycles for all people and to empower individuals to perform their own bicycle maintenance.
Background Statement

Like so many good things Broke Spoke was conceived during late night booze fueled discussions…about Lexington…what was good and what would make it better. We have been part of the groundswell of energy and activity surrounding bicycling for the past 10 years.

Events were planned and became institutions. Trails were dreamed and built. Bike lanes were requested and added. All the while more and more people started riding their bikes. everywhere.

There was still something missing. There are an awful lot of people who would rather not ride but don’t have a choice. Those people are also the most vulnerable: riding in all weather, at night without lights, without a rudimentary understanding of traffic rules, on bikes that many would put on the curb. They need a place to learn how to fix something and have access to the tools to do so. They also need better access to better bikes.

There was a second group of people out there, as well. These people ride because they want to and need to learn more about maintaining their bike. They are people who would ride more if they felt confident about the laws, about riding in traffic. The common denominator is that there are people out there that want to learn and don’t have the outlet. Broke Spoke has become that outlet.

Impact Statement
Accomplishments for 2013:
- Successfully staffed the all volunteer space for three shifts per week.
- Continued to have a strong public presence in the community and built partnerships with community members and organizations.
- Celebrated our Third Birthday
- Received a $7,500 grant from the Paula Nye Foundation
- Raised more than $7,000 in the Good Giving Guide Challenge
 
Goals for 2014:
- Engage city in completing Legacy Trail Extension near shop
- Ensure we are reaching our target demographic and meeting our mission
- Expand shop hours as volunteer base grows.
- Offer more education classes. 
Needs Statement
Needs:
Your Time — Broke Spoke is a 100% run volunteer organization that only exists through the hard work of people like you.
Old Bikes —  We are able to provide inexpensive bikes and parts because of generous donations.
Spare Change — While we have several cash streams, generous cash donations have put the tools on the wall.  Our baseline annual budget is roughly $10,000. $7,500 of which is rent for our educational facility. 
Service Categories
Secondary Organization Category Environment / Recycling
Tertiary Organization Category Community Improvement, Capacity Building / Alliances & Advocacy
Geographic Areas Served
Areas
Kentucky
We are located in Lexington Kentucky and are a community resource. However, our main target audience is the "invisible cyclists." These are individuals who bike by necessity and not by choice. We are located on the North-west side of Fayette County.
Board Chair
Board Chair Tim Buckingham
Company Affiliation Citizen
Board Members
NameAffiliationStatus
Tim Buckingham CitizenVoting
Brad Flowers CitizenVoting
Allen Kirkwood CitizenVoting
Andrew Schooner CitizenVoting
Shane Tedder CitizenVoting
Board Demographics - Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 5
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Board Demographics - Gender
Male 5
Female 0
Unspecified 0
Governance
Board Term Lengths 2
Board Term Limits 2
Board Meeting Attendance % 74%
Written Board Selection Criteria? No
Written Conflict of Interest Policy? No
Percentage Making Monetary Contributions 0%
Number of Full Board Meetings Annually 12
CEO/Executive Director
Executive Director Tim Buckingham
Term Start Nov 2010
Staff
Full Time Staff 0
Part Time Staff 0
Volunteers 30
Contractors 0
Retention Rate 100%
Staff Demographics - Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 0
Hispanic/Latino 0
Native American/American Indian 0
Other 30
Staff Demographics - Gender
Male 0
Female 0
Unspecified 30
Description The current shop is open Tuesday and Thursday 6-9pm and Sundays 1-5pm. Each shift is maintained by three volunteers equal to 30 hours of volunteers needed each week
Budget $8,500
Category
Population Served , ,
Program Long term Success The hope shop is very successful as a shop where anyone can learn to service their bike with one-on-one attention.
Description All visitors to the shop are eligible for sweat equity. This program allows anyone to use the tools, parts and bike for free. However, individuals must volunteer. We value volunteer service at $8 an hour. You can reduce your debt by volunteers. You cannot put a purchase with sweat equity on top of a negative balance.
Budget $2,500
Category
Population Served , ,
Description Broke Spoke like to be a community hub in Lexington. We like to host various events such as progressive bike dinners, bike in movies, educational classes, guest speakers, etc.
Budget $1,000
Category
Population Served , ,
Description In the slower winter months we have worked to offer educational classes to help participants learn more in-depth about their bike. These classes have ranged from a one hour class to a series of 3 hours classes.
Budget $1,000
Category
Population Served , ,
Plans & Policies
Organization has a Fundraising Plan? Under Development
Organization has a Strategic Plan?
Management Succession Plan? Under Development
Organization Policy and Procedures Under Development
Nondiscrimination Policy Under Development
Whistleblower Policy No
Document Destruction Policy No
Fiscal Year
Fiscal Year Start Jan 01, 2017
Fiscal Year End Dec 31, 2017
Projected Revenue $50,000.00
Projected Expenses $30,000.00
Detailed Financials
Expense Allocation
Fiscal Year201620152014
Program Expense$23,946$28,020$27,280
Administration Expense$3,921$4,956$7,238
Fundraising Expense$9,389$8,039$11,067
Payments to Affiliates------
Total Revenue/Total Expenses1.001.291.26
Program Expense/Total Expenses64%68%60%
Fundraising Expense/Contributed Revenue--39%30%
Assets and Liabilities
Fiscal Year201620152014
Total Assets--$49,466$68,655
Current Assets--$46,089$64,603
Long-Term Liabilities------
Current Liabilities--$49,466$165
Total Net Assets----$68,490
Form 990s
2015 990
2014 Form 990
2013 990N 2013
Capital Campaign
Currently in a Capital Campaign? No
State Registration Yes
Comments
CEO Comments
We have filed an extension for our 2016 990 and should be filed soon.
The 2016 Profit-Loss analysis is attached.   
Foundation Staff Comments
This organization files the 990N, which contains no financial information. Financials were provided by the organization, and are unaudited. 
Address 501 West Sixth St.
Suite 130
Lexington, KY 40508
Primary Phone 859 489-1865
Contact Email info@thebrokespoke.org
CEO/Executive Director Tim Buckingham
Board Chair Tim Buckingham
Board Chair Company Affiliation Citizen