Cycle Kids Inc
- Assets
- $2.0m
- Revenue
- $692.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Cambridge, MA
- Founding
- 11/2004
- Data as of
- 06/2024
- EIN
- 20-1169399
Organization Overview
Cycle Kids Inc is located in Cambridge, MA. The organization was established in 2004. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 06/2024, Cycle Kids Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cycle Kids Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Cycle Kids Inc generated $692.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $737.2k during the year ending 06/2024. While expenses have increased by 12.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
CYCLE KID'S MISSION IS TO GET CHILDREN ON BICYCLES AND ENGAGE THEM IN A PHYSICAL ACTIVITY THAT ADDRESSES THE HEALTH AND EMOTIONAL ISSUES FACING TODAY'S UNDER-ACTIVE, OFTEN OVERWEIGHT, CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CYCLE KIDS PROGRAM, A HEALTHY LIFESTYLE, BICYCLE SKILS AND SAFETY BASED CURRICULUM, IS TAUGHT TO CHILDREN THROUGH PHYSICAL EDUCATION CLASSES FOR 4TH - 6TH GRADES. REVENUE OF 13,009 IS FROM ROYALTY PAYMENTS & CURRICULUM PURCHASES. 13,009 IS CLASSIFIED AS PROGRAM REVENUE ON FORM 990, PART I, LINE 11 AND REPORTED ON FORM 990, PART VIII, LINE 2A.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julianne Idlet President | OfficerTrustee | 50 | $186,879 |
Barry Adelman Board Member | Trustee | 1 | $0 |
Carolyn Bailey Board Member | Trustee | 1 | $0 |
Leonardo Brea Board Member | Trustee | 1 | $0 |
Natasha Cholerton-Brown Board Member | OfficerTrustee | 1 | $0 |
April Galda Joyce Board Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $127,161 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $482,162 |
| Noncash contributions included in lines 1a–1f | $56,826 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $609,323 |
| Total Program Service Revenue | $13,009 |
| Investment income | $75,701 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$514 |
| Net Income from Fundraising Events | -$5,370 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $692,149 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $311,637 |
| Compensation of current officers, directors, key employees. | $31,164 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,443 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,579 |
| Payroll taxes | $21,012 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,599 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,447 |
| Advertising and promotion | $0 |
| Office expenses | $10,141 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,473 |
| Travel | $9,830 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,929 |
| Insurance | $5,836 |
| All other expenses | $5,791 |
| Total functional expenses | $737,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,853 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,296 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,241 |
| Prepaid expenses and deferred charges | $6,193 |
| Net Land, buildings, and equipment | $3,910 |
| Investments—publicly traded securities | $1,190,074 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $534,367 |
| Total assets | $2,013,934 |
| Accounts payable and accrued expenses | $38,950 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $248,636 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $287,586 |
| Net assets without donor restrictions | $1,724,348 |
| Net assets with donor restrictions | $2,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,013,934 |