Climate Ride Inc
- Assets
- $2.7m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 17
- Location
- Missoula, MT
- Founding
- 09/2010
- Data as of
- 12/2022
- EIN
- 27-1777457
Organization Overview
Climate Ride Inc is located in Missoula, MT. The organization was established in 2010. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, under the broad grouping of Environment and related organizations. As of 12/2022, Climate Ride Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Climate Ride 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 12/2022, Climate Ride Inc generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $4.5m during the year ending 12/2022. While expenses have increased by 17.5% per year over the past 6 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.
Since 2017, Climate Ride Inc has awarded 169 individual grants totaling $5,416,626. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CLIMATE RIDE IS A 501(C)(3) NONPROFIT ORGANIZATION THAT MOBILIZES PEOPLE TO PROTECT OUR PLANET THROUGH LIFE-CHANGING ADVENTURES. WE ORGANIZE CHARITABLE BIKING, RUNNING, AND HIKING EVENTS TO RAISE AWARENESS AND SUPPORT SUSTAINABILITY, ACTIVE TRANSPORTATION, AND ENVIRONMENTAL CAUSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLIMATE RIDE GRANT PROGRAM: CONTRIBUTIONS RAISED BY PARTICIPANTS IN CLIMATE RIDE'S EVENTS ARE DONATED TO DOZENS OF NON-PROFIT ORGANIZATIONS THROUGHOUT THE UNITED STATES THAT WORK IN THE AREAS OF ENVIRONMENT, CLIMATE CHANGE, CLEAN ENERGY, ACTIVE TRANSPORTATION, AND SUSTAINABILITY. CONTRIBUTIONS IN 2022 WERE AUGMENTED BY A MATCHING FUNDS PLEDGE OF UP TO $2.5 MILLION FROM THE ALGORAND FOUNDATION.
CR'S EVENTS PROGRAM: UNITES PEOPLE AND NONPROFITS TO INSPIRE ACTION AND MAKE PROTECTING THE PLANET A PHILANTHROPIC PRIORITY FOR EVERYONE. CR PLANS, IMPLEMENTS, AND SUPPORTS OUTDOOR ADVENTURE EVENTS AROUND THE US AND THE WORLD. IT SUPPORTS PARTICIPANTS IN DOING OUTREACH AND RAISING FUNDS FOR GRANTS. PROGRAMMATIC EXPENSES INCLUDE ENVIRONMENTAL EDUCATION, OUTREACH, AND PROVIDING SCHOLARSHIPS THAT INCREASE DIVERSITY AND INCLUSION. CLIMATE RIDE GROWTH FUND: THE FUND IS THE BENEFICIARY OF CERTAIN FUNDER EVENTS. THE FUND SUSTAINS PROGRAMMING AND PROMOTE CLIMATE RIDE'S LONG-TERM STABILITY AND ENVIRONMENTAL JUSTICE ACTION GRANTS. CONTRIBUTIONS TO THE FUND TOTALED $411,749 IN 2022, AND ARE RECORDED AS REVENUES AND NOT INCLUDED IN GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caeli Quinn Executive Director | 40 | $82,500 | |
Lisa Drake Director | Trustee | 1 | $0 |
Kim Larson Director | Trustee | 1 | $0 |
Roger Schwed Treasurer | OfficerTrustee | 4 | $0 |
Josh Lasky Director | Trustee | 1 | $0 |
Evan O'neil Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,316,226 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,316,226 |
| Total Program Service Revenue | $112,962 |
| Investment income | $43,802 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,475,748 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,462,535 |
| 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. | $82,500 |
| Compensation of current officers, directors, key employees. | $24,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $192,678 |
| Pension plan accruals and contributions | $7,265 |
| Other employee benefits | $15,425 |
| Payroll taxes | $27,675 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,805 |
| Fees for services: Accounting | $19,986 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,670 |
| Advertising and promotion | $2,937 |
| Office expenses | $3,114 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,472 |
| Travel | $341 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $388 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,850 |
| All other expenses | $8,213 |
| Total functional expenses | $4,504,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,407,142 |
| Savings and temporary cash investments | $1,220,862 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,375 |
| Prepaid expenses and deferred charges | $45,785 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,694,164 |
| Accounts payable and accrued expenses | $12,890 |
| Grants payable | $0 |
| Deferred revenue | $122,733 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $135,623 |
| Net assets without donor restrictions | $2,446,917 |
| Net assets with donor restrictions | $111,624 |
| 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 | $2,694,164 |
Grants Awarded
Over the last fiscal year, Climate Ride Inc has awarded $3,054,908 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
1 FOR THE PLANET INC | | | $32,285 |
350ORG | | | $10,540 |
ACTERRA | | | $11,052 |
ACTION FOR THE CLIMATE EMER | | | $18,319 |
ACTIVE SAN GABRIEL VALLEY | | | $19,204 |
BIKE EAST BAY | | | $27,522 |