Memphis Hightailers Bicycle Club
- Assets
- $22.2k
- Revenue
- $102.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 10/2003
- Data as of
- 12/2022
- EIN
- 42-1600481
Organization Overview
Memphis Hightailers Bicycle Club, operating under the name Mhbc, is located in Memphis, TN. The organization was established in 2003. 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. Mhbc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Mhbc generated $102.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $110.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE CYCLING AND HEALTHY LIVING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BLUFF CITY BLUES 100 TRAINING TEAM IS A PROGRAM TO TRAIN CYCLISTS TO RIDE THEIR BIKES 100 MILES. THE BCB 100 BLUES RIDE INCLUDES MHBC MEMBERS AND NON MEMBERS THAT PARTICIPATE IN THE 100 MILE RIDE, AS WELL AS SHORTER DISTANCES FOR CYCLISTS OF ALL LEVELS.
MISC. MERCHANDISE SOLD AND SPONSORSHIPS
THE RED, WHITE, BLUE RIDE PROVIDES THE MHBC WITH FUNDS TO CARRY OUT THEIR PROGRAMS DURING THE COURSE OF THE YEAR. INCLUDED IN THE EXPENSES WAS FOR A CONTRIBUTION TO THE OASIS BIKE SHOP SPONSORED BY HOPE PRESBYTERIAN CHURCH TO PROVIDE BIKES FOR UNDERPRIVLEDGED CHILDREN.
THE CHARLES FINNEY RIDE, TOUR DELAGRANGE RIDE, ST.PATRICK'S DAY RIDE, AND THE WOLF RIVER CAFE RIDE ARE HELD AT VARIOUS TIMES OF THE YEAR. MOST OF THE PROCEEDS GO TO NEIGHBORING INDIVIDUAL LOCAL CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tulio Bertorini President | Officer | 10 | $0 |
Frank Pitts Treasurer | Officer | $0 | |
Catherine L Lyons Secretary | Officer | 5 | $0 |
Joseph Tillman Bcb100 Training Team Captain | Trustee | 5 | $0 |
Andrew Kjelan Newsletter Editor | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $34,055 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,055 |
| Total Program Service Revenue | $68,498 |
| Investment income | $0 |
| 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 | $102,553 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $326 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,135 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,449 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $9,155 |
| All other expenses | $70,342 |
| Total functional expenses | $110,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,439 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $931 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,000 |
| Prepaid expenses and deferred charges | $3,794 |
| 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 | $22,164 |
| Accounts payable and accrued expenses | $1,710 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,710 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $20,454 |
| Total liabilities and net assets/fund balances | $22,164 |