TheThinkTank August 2014

thethinktank@lists.bikecollectives.org

33 participants
26 discussions

Re: [TheThinkTank] Thethinktank Digest, Vol 96, Issue 5
by Jason Tanzman 09 Aug '14

09 Aug '14

The expected practice with the IRS (in the US) is that the person who is donating an item declares its value; for items under $500 they do not need any outside appraisal, whereas they do for items valued over $500. So - in the instance of a very high end item that they felt was worth more than $500, it would need to be independently appraised. In most cases regarding items valued significantly less than that, as relative "experts" in the field I am comfortable suggesting a value for a supporter donating a bike (e.g. "I think that trek road bike could be valued at $150"). On Aug 9, 2014 4:14 PM, <thethinktank-request(a)lists.bikecollectives.org> wrote: > Send Thethinktank mailing list submissions to > thethinktank(a)lists.bikecollectives.org > > To subscribe or unsubscribe via the World Wide Web, visit > > http://lists.bikecollectives.org/listinfo.cgi/thethinktank-bikecollectives.… > > or, via email, send a message with subject or body 'help' to > thethinktank-request(a)lists.bikecollectives.org > > You can reach the person managing the list at > thethinktank-owner(a)lists.bikecollectives.org > > When replying, please edit your Subject line so it is more specific > than "Re: Contents of Thethinktank digest..." > > > Today's Topics: > > 1. Re: Appraising the value of a bike (mfen651(a)aol.com) > 2. Re: Appraising the value of a bike (Rick Nonnekes) > 3. Re: Appraising the value of a bike (Jim) > 4. Bike!bike! Workshops (Darren Knox) > 5. Re: Survey on starting and sustaining a bike co-op > (Falls City Community BikeWorks Community BikeWorks) > 6. Re: Survey on starting and sustaining a bike co-op (Sam Lorrimer) > > > ---------------------------------------------------------------------- > > Message: 1 > Date: Sat, 9 Aug 2014 00:44:38 -0400 (EDT) > From: mfen651(a)aol.com > To: thethinktank(a)lists.bikecollectives.org > Subject: Re: [TheThinkTank] Appraising the value of a bike > Message-ID: <8D181A3C2168618-150C-A2A7(a)webmail-m235.sysops.aol.com> > Content-Type: text/plain; charset="us-ascii" > > Okay, perhaps I need to write more exactly, or perhaps readers need to be > more open and less judgmental of others who participate. > > The question was about valuing a unique item. The inference was that the > party in possession placed an extreme value on it. > > The statement was clear that it had no knowledge of how to value the item > in question. > > My suggestion took into account the many people that "donate" items. I > can suggest hundreds of reasons people donate beyond the ones put forth by > those of you negatively reflecting on my comment. > > There is a difference between people who bring in a bike (or any item) for > "donation" and leave it, and those that "donate" in exchange for a receipt > "for value" with the intention of taking a tax deduction. > > I'm not going to address the differences, because they should be clear, > but if they are not, then its not for me to teach. > > I never said people are greedy, but experience has taught me that if they > are seeking a receipt "for value", and are assigned a lower than their > estimated value they will show their displeasure. > > I'm sure my response to the two comments of negativity will bring more > negative responses. Save your time and energy. My comment was what it is, > and remains valid. > > The reason the taxing authorities don't want direct appraisals, is because > everything would be valued significantly below its actual value, enabling > the vendor to earn copious ill gotten gains at the expense of the one who > donated it. > > If that isn't greed, I don't know what is? But then that was your > comments, not mine. > > Matt > > > > > > > > > > -----Original Message----- > From: sheldon mains <sheldon(a)spokesconnect.org> > To: The Think Tank <thethinktank(a)lists.bikecollectives.org> > Sent: Fri, Aug 8, 2014 3:49 pm > Subject: Re: [TheThinkTank] Appraising the value of a bike > > > I agree with Christopher. There are a lot of reasons people donate. I > find most people are not greedy. They donate because the like what the > organization does. They donate because they want their bike to "have a good > home" They donate because they can get a tax break. They donate because > they don't want to go through the hassle of selling it. They donate > because it is the easiest way to dispose of something. > > > Yes, some of the bikes we get donated are really just trash and go to our > recycler immediately. But we get some great bikes donated that can be > rehabilitated and sold or used for a community bike library or used for an > Earn-a-Bike program > > > > .............. > Sheldon Mains > SPOKES Bike Walk Connect > www.SpokesConnect.org www.fb.com/SpokesConnect > Minneapolis, MN 612/618-7149 > Three ways to donate to SPOKES: > 1. Volunteer. 2. Donate repairable used bikes. 3. Financial donations > always welcome. Check www.SpokesConnect.org for details. > > > > > On Thu, Aug 7, 2014 at 11:05 PM, <christopher(a)holisticcycles.com> wrote: > > > Matt, I had a woman who donated her brothers (very nice ) bikes to me, not > because she could not sell them,, after his suicide, she just wanted a good > person to have these things. She asked me to do good with them. I did just > that for her. Not always is something donated because people can not sell > it. > Christopher Wallace > Holistic Cycles > 140 Harrison St > Oak Park, IL. 60304 > > > > > -------- Original Message -------- > Subject: Re: [TheThinkTank] Appraising the value of a bike > From: mfen651(a)aol.com > Date: Thu, August 07, 2014 1:06 pm > To: thethinktank(a)lists.bikecollectives.org > > Long shot here, but this is not a matter of IRS or Ministry of CD, its a > matter of market. > > I've traded in exotic cars and rare aviation artifacts for many years. > I've seen all sorts of things claimed to have all sorts of value. At the > end of the day, if its a collectable and has value, why would she be > donating it to a collective? Because she can't sell it, that's why. > > However the bottom line is what will the market pay for it? If she is > going to donate it to you, it has no value, unless she can (a) substantiate > that it is 24kt gold, note gold chrome. (b) That there is a market for it. > The last point (b) is why the IRS and Finance Ministry would both frown on > the recipient determining the value in the absence of any substantial > evidence for that value. > > Somewhere in Canada there is someone who is a purported "expert" in > bicycles and another who might likely be a metallurgist and can chemically > or otherwise verify the gold v. chrome matter. Then the "expert" should be > able to determine if there is a market for this bike regardless of gold v. > chrome. > > Good luck. Would enjoy knowing the outcome. > > Thank you > > Matt > > > > > > > > > > > -----Original Message----- > From: sheldon mains <sheldon(a)spokesconnect.org> > To: The Think Tank <thethinktank(a)lists.bikecollectives.org> > Sent: Thu, Aug 7, 2014 3:02 pm > Subject: Re: [TheThinkTank] Appraising the value of a bike > > > > The IRS really frowns on the recipient of donated goods providing a value. > She should get it appraised herself. With the special condition, it may be > more difficult. Maybe an antique dealer would be a good bet. > > > > sheldon > > > > > > .............. > > Sheldon Mains > > SPOKES Bike Walk Connect > > www.SpokesConnect.org www.fb.com/SpokesConnect > > Minneapolis, MN 612/618-7149 > > Three ways to donate to SPOKES: > > 1. Volunteer. 2. Donate repairable used bikes. 3. Financial donations > always welcome. Check www.SpokesConnect.org for details. > > > > > > > On Thu, Aug 7, 2014 at 7:25 AM, Rick Nonnekes <rnonnekes(a)gmail.com> wrote: > > > > > We recently had a lady bring in a bike for donation. It is an early > 1980's Rossi Columbia, custom made for her. She's adamant that it is plated > with 24k gold - looks like it too (although we're speculating on gold > coloured chrome). It's in good condition. Can anyone suggest how we can > get it appraised for value? > > > Cycle Transitions, > > Cobourg Ontario, Canada > > > ____________________________________ > > The ThinkTank mailing List > <a href=" > http://lists.bikecollectives.org/options.cgi/thethinktank-bikecollectives.o…">Unsubscribe > from this list</a> > > > > > > > > > ____________________________________ > > The ThinkTank mailing List > <a href=" > http://lists.bikecollectives.org/options.cgi/thethinktank-bikecollectives.o… > ">Unsubscribe > from this list</a> > > > > > > ____________________________________ > > The ThinkTank mailing List > Unsubscribe from this list > > > > > ____________________________________ > > The ThinkTank mailing List > <a href=" > http://lists.bikecollectives.org/options.cgi/thethinktank-bikecollectives.o…">Unsubscribe > from this list</a> > > > > > > > ____________________________________ > > The ThinkTank mailing List > <a href=" > http://lists.bikecollectives.org/options.cgi/thethinktank-bikecollectives.o… > ">Unsubscribe > from this list</a> > > > >

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Survey on starting and sustaining a bike co-op
by Ken Lanteigne 09 Aug '14

09 Aug '14

At the Columbus (Indiana) bike co-op, much of our volunteer base comes from a local corporation with facilities in sister cities around the world. We're interesting in using that volunteer base to help launch co-ops in those cities where a co-op doesn't exist. Information on bikecollectives is really helpful and we will definitely point people there. We have some specific questions about what has been successful, so we've put together a Google survey. If you have been involved with starting up a co-op, we'd love to have your input. https://docs.google.com/forms/d/1HN6qTormomHWw7kkS8smd_HvO_LMMgsugV-8vNtxE_… Thanks Ken Lanteigne Board President, Columbus Bike Co-op

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Re: [TheThinkTank] Appraising the value of a bike
by Rick Nonnekes 07 Aug '14

07 Aug '14

Here are some pics, James. On Aug 7, 2014 5:16 PM, "James McCarthy" <nrgeeone(a)gmail.com> wrote: How about a picture or two? On Thursday, August 7, 2014, Rick Nonnekes <rnonnekes(a)gmail.com> wrote: > We recently had a lady bring in a bike for donation. It is an early > 1980's Rossi Columbia, custom made for her. She's adamant that it is plated > with 24k gold - looks like it too (although we're speculating on gold > coloured chrome). It's in good condition. Can anyone suggest how we can > get it appraised for value? > > Cycle Transitions, > Cobourg Ontario, Canada > -- Jim McCarthy cell:(401)523-5321 e-mail: NRGeeOne(a)gmail.com ____________________________________ The ThinkTank mailing List <a href=" http://lists.bikecollectives.org/options.cgi/thethinktank-bikecollectives.o…">Unsubscribe from this list</a>

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Appraising the value of a bike
by Rick Nonnekes 07 Aug '14

07 Aug '14

We recently had a lady bring in a bike for donation. It is an early 1980's Rossi Columbia, custom made for her. She's adamant that it is plated with 24k gold - looks like it too (although we're speculating on gold coloured chrome). It's in good condition. Can anyone suggest how we can get it appraised for value? Cycle Transitions, Cobourg Ontario, Canada

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Re: [TheThinkTank] Paid Staff Members
by christopher＠holisticcycles.com 01 Aug '14

01 Aug '14

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Paid Staff Members
by mpattisall 01 Aug '14

01 Aug '14

What is considered fair compensation, salary or pay for employees of a bike cooperative? I realize this will vary quite a bit depending on location, hours, experience and position of staff member, shop manager or mechanic. -- Mike Pattisall http://velocitycoop.org/

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TheThinkTank August 2014