Bike & Build, Inc.

Financial Snapshot – 2008 (not yet audited)

Total income: $1,047,015.61

• Rider fundraising
• Application Fees
• Interest Income

Expenditures:

Administrative Costs: $236,837.69

• Includes office costs, salaries and benefits, printing, shipping, apparel

Programming Costs: $311,263.92

• All expenses on the road (food, fuel for van, accommodations, van repairs, etc.),
• Bikes, jerseys, apparel, van/trailer costs, first aid training, gear, director travel, liability insurance, auto insurance, van storage, leader stipends

Donations:

• $15,500 in on the road donations
• $198,749 distributed through the grants system
• $249,665 towards pre-arranged gifts, to fund home construction in Providence, RI; New Hampshire; Orange County, NC; and Andover, MA.
• $35,000 towards organizations rebuilding the Gulf Coast

Bike & Build Expenditures - 2008

Bike & Build has increased the amount of money it donates to affordable housing organizations each year and in the summer of 2008 donated over seven times as much as it did in its inaugural season.

Bike & Build Donations by Year