Elbowz Cycling Inc
- Assets
- $24.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Flint, TX
- Founding
- 09/2011
- Data as of
- 12/2020
- EIN
- 27-4112539
Organization Overview
Elbowz Cycling Inc is located in Flint, TX. The organization was established in 2011. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Elbowz 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 12/2020, Elbowz Cycling Inc generated $27.3k 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 (24.8%) each year. All expenses for the organization totaled $53.7k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (16.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
TO GIVE OPPORTUNITIES TO ATHLETES TO TRAIN IN A PROFESSIONAL MANNER TO ADVANCE AND COMPETE IN THE SPORT OF BIKING IN THE OLYMPICS AND TO TEACH ALTERNATIVE LIFESTYLES IN REGARDS TO THE ENVIRONMENTAL, HEALTH, AND SAFETY CONCERNS AT THE LOCAL LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Spies President | 0 | $0 | |
Ben Spies Director | 0 | $0 | |
Nick Kierman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,262 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $27,262 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $12,643 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $41,042 |
| Total expenses | $53,685 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,939 |
| Other assets | $0 |
| Total assets | $24,590 |
| Total liabilities | $44,628 |
| Net assets or fund balances | -$20,038 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Elbowz Cycling Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Westwood Country Club Of Austin Austin, TX | $19,117,488 | $10,380,550 |
Arkansas State University Red Wolves Foundation Inc State University, AR | $49,039,332 | $6,488,806 |
Metairie Country Club Metairie, LA | $30,963,681 | $9,943,546 |
Plano Sports Authority Plano, TX | $23,910,081 | $9,094,749 |
Delta Delta Delta Dallas, TX | $15,299,454 | $12,423,380 |
Ridgewood Country Club Waco, TX | $10,116,085 | $9,155,703 |
Abilene Country Club Inc Abilene, TX | $11,257,096 | $8,928,317 |
New Orleans Country Club New Orleans, LA | $47,920,866 | $11,586,038 |
Pine Forest Country Club Houston, TX | $10,452,962 | $9,112,710 |
Pleasant Valley Country Club Little Rock, AR | $12,498,855 | $8,491,071 |
Country Club Of Little Rock Little Rock, AR | $21,994,741 | $8,734,563 |
East Ridge Country Club Shreveport, LA | $12,239,123 | $9,886,495 |