Out Cycling Inc
- Assets
- $30.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2011
- Data as of
- 12/2023
- EIN
- 27-2818571
Organization Overview
Out Cycling Inc is located in New York, NY. The organization was established in 2011. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Out Cycling 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 12/2023, Out Cycling Inc generated $60.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $47.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Kelley Chairman | 2 | $0 | |
Anuj Godani Treasurer | 2 | $0 | |
Christopher Mathias Secretary | 2 | $0 | |
Graham Weinstein Board Member - President | 10 | $0 | |
Rafael Herrera Lasso Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,000 |
| Total Program Service Revenue | $26,000 |
| Membership dues | $12,600 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $60,600 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $13,400 |
| Printing, publications, postage, and shipping | $9,500 |
| Other expenses | $25,000 |
| Total expenses | $47,900 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,903 |
| Other assets | $0 |
| Total assets | $30,903 |
| Total liabilities | $0 |
| Net assets or fund balances | $30,903 |