Friends Of Momentum Bike Clubs
- Assets
- $173.2k
- Revenue
- $306.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenville, SC
- Founding
- 11/2014
- Data as of
- 12/2021
- EIN
- 47-1777235
Organization Overview
Friends Of Momentum Bike Clubs is located in Greenville, SC. The organization was established in 2014. According to its NTEE Classification (O23) the organization is classified as: Boys & Girls Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Momentum Bike Clubs 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 12/2021, Friends Of Momentum Bike Clubs generated $306.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $410.2k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FRIENDS OF MOMENTUM BIKE CLUBS SUPPORTS MOMENTUM BIKE CLUBS,A PROGRAM OF CLEMSONUNIV,PROVIDING FINANCIAL SUPPORT AND CREATING AWARENESS.MBC CREATES MENTORING RELATIONSHIPS W/ YOUTH IN UNDER-SERVED COMMUNITIES,PROMOTING POSITIVE DEVELOPMENT WITH BICYCLING AS THE PLATFORM
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIDDLES SCHOOL BIKE PROGRAMS. BIKE CLUN=BS ARE RUN FROM UNDER-SERVED SSCHOOLS IN THE COMMUNITY. FOMBC PROVIDES THE BICYCLES AND PAYS TEACHER STIPENDS TO RIDE WITH THE YOUTH. YOUTH ARE SELECTED FOR THE PROGRAM LARGELY FROM TEACHER RECOMMENDATIONS. SEVENTEEN BIKE CLUBS WERE RUN DURING THE YEAR, EACH CLUB RIDES ONCE PER WEEK, APPROX 200 YOUTH AND 50 TEACHER MENTORS WERE INVOLVED
CHALLENGE TEAM THIS TEAM CONSISTS OF ABOUT 30 HIGH SCHOOL YOUTH AND TEN VOLUNTEER MENTORS, PROGRAMMING CONSISTS OF TWO SATURDAY RIDES PER MONTH AND ONE CIRCLES MEETING, THE RIDES ARE OF ABOOUT SIX HOURS DURATION AND INCLUDES LUNCH, THE CIRCLES MEETING IS THREE HOURS LONG AND CONSISTS OF A MEAL SOME INFORMAL GAME TIME A SPEAKER AND SOME LIFE SKILLS TRAINING. OUT OF TOWN TRIPS ARE OFFERED PERIODICALLY. MENTORS SPEND ABOUT 15 HOURS PER MONTH WITH THE YOUTH - ESTABLISHING MENTORING RELATIONSHIPS THAT LAST THROUGH HIGH SCHOOL. WE OFFER ADVICE AND SUPPORT REGARDING COLLEGE SELECTION AND ADMISSIONS, AND PROVIDE SCHOLARSHIPS TO THE WHO ARE ACCEPTED INTO COLLEGE.
SUMMER INTERNSHIP 1.0 MIDDLE SCHOOL YOUTH WHO ARE MOVING INTO HS OR HIGH POTENTIAL YOUTH WHO HAVE A YEAR REMAINING BEFORE HS ARE INVITED TO ATTEND A FIVE WEEK SUMMER INTERNSHIP WHICH SERVES AS A GATEWAYFOR YOUTH MOVING ON TO CHALLENGE TEAM. THE INTERNSHIP CONSISTSOF TRAINING IN HEALTHY LIFESTYLES AND JOB SKILLS, EXPOSURE THROUGH SPEAKERS TO POSSIBLE CAREER PATHS, SERVICE PROJECTS AND BICYCLE RIDES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerardo Naundorf Member | Officer | 5 | $0 |
Jessica Moss Member | Officer | 5 | $0 |
Lisa Gilstrap Member | Officer | 5 | $0 |
Treva Pinson Member | Officer | 5 | $0 |
Steve Hairston Member | Officer | 5 | $0 |
Rebecca Edwards Member | Officer | 5 | $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 | $306,943 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $306,943 |
| Total Program Service Revenue | $0 |
| 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 | $306,943 |
| 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 | $107,548 |
| 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 | $287,127 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $595 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,628 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,315 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $410,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,665 |
| Savings and temporary cash investments | $22,046 |
| 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 | $68,482 |
| Prepaid expenses and deferred charges | $0 |
| 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 | $173,193 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $173,193 |
| Total liabilities and net assets/fund balances | $173,193 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Friends Of Momentum Bike Clubs has recieved totaling $211,517.
| Awarding Organization | Amount |
|---|---|
Charlottesville Area Community Foundation Charlottesville, VA PURPOSE: PROGRAM SUPPORT | $100,000 |
United Way Of Greenville County Incorporated Greenville, SC PURPOSE: DONOR DESIGNATION, PROGRAM ALLOCATION | $40,000 |
Jolley Foundation Las Vegas, NV PURPOSE: GENERAL OPERATIONS | $35,000 |
National Recreation Foundation Inc Lake Forest, IL PURPOSE: IN SUPPORT OF RECREATION PROGRAMMING THAT GETS ALL YOUTH ACTIVE AND OUTDOORS | $30,000 |
Scansource Charitable Foundation Greenville, SC PURPOSE: COMMUNITY OUTREACH | $5,000 |
Mclaurin Charitable Trust Las Vegas, NV PURPOSE: GENERAL OPERATING | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boys & Girls Clubs Of America Atlanta, GA | $33,713,245 | $78,875,024 |
Boys & Girls Clubs Of Metro Atlanta Inc Chamblee, GA | $73,032,085 | $27,276,380 |
Boys & Girls Clubs Of The Coastal Plain Inc Winterville, NC | $10,354,346 | $5,791,585 |
Boys And Girls Club Of Cabarrus County Inc Concord, NC | $25,950,848 | $3,909,619 |
Boys And Girls Clubs Of Lowcountry Inc Bluffton, SC | $11,628,313 | $4,467,511 |
Boys & Girls Club Of Valdosta Inc Valdosta, GA | $5,116,610 | $3,245,081 |
Boys & Girls Clubs Of Upstate Inc Spartanburg, SC | $4,771,277 | $2,589,912 |
Boys & Girls Club Of Greater High Point Inc High Point, NC | $4,379,531 | $4,650,465 |
Boys & Girls Club Of Henderson Col Hendersonville Inc Hendersonville, NC | $8,628,327 | $2,601,804 |
Boys And Girls Clubs Of Central Carolina Inc Sanford, NC | $2,496,059 | $1,944,401 |
Boys And Girls Clubs Of Central Georgia Inc Macon, GA | $751,209 | $2,456,515 |
Marguerite Neel Williams Boys & Girls Clubs Of Southwest Ga Inc Thomasville, GA | $5,315,937 | $1,925,052 |