National Cycling Center Inc
- Assets
- $78.7k
- Revenue
- $561.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Winstonsalem, NC
- Founding
- 01/2016
- Data as of
- 12/2022
- EIN
- 47-2950622
Organization Overview
National Cycling Center Inc is located in Winstonsalem, NC. The organization was established in 2016. 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. National Cycling Center 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, National Cycling Center Inc generated $561.8k 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 (11.6%) each year. All expenses for the organization totaled $732.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.5%) 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
THE NATIONAL CYCLING CENTER, INC. SERVES AS A RESOURCE TO IDENTIFY AND NURTURE TALENT IN ATHLETES FROM ALL CYCLING DISCIPLINES. THE ORGANIZATION IS INVOLVED IN SUPPORTING AND FACILITATING CYCLING EVENTS, AND PROVIDES ATHLETE TRAINING AND COACHING FROM TOP EXPERTS. THE NATIONAL CYCLING CENTER ALSO PLANS TO PROVIDE FACILITIES TO AND FOR CYCLISTS TO TRAIN TOGETHER AS A TEAM, AND PROVIDE ACCESS TO SOME OF HEALTHCARE'S BEST AND BRIGHTEST MINDS IN SPORTS MEDICINE, PHYSICAL THERAPY AND ATHLETIC TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED TRAINING, TESTING AND SUPPORT FOR YOUNG ATHLETES OF ALL LEVELS OF THE SOCIO-ECONOMIC SPECTRUM REACH THEIR TRUE POTENTIAL. THE ORGANIZATION ALSO SPONSORED THE WINSTON SALEM CYCLING CLASSIC FOR BOTH MEN AND WOMEN IN MULTIPLE AGE GROUPS. IN ADDITION, THE ORGANIZATION WAS ABLE TO EXPAND THEIR WS BIKE SHARE PROGRAM TO PROVIDE ACCESS TO TRANSPORTATION THROUGHOUT WINSTON SALEM. THE NATIONAL CYCLING CENTER ALSO PARTICIPATED IN EDUCATIONAL EVENTS TO RAISE AWARENESS ON THE TOPIC OF BICYCLE SAFETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dek Driscoll Director | Trustee | $0 | |
Don Flow Director | Trustee | $0 | |
John Wilson MD Director | Trustee | $0 | |
Richard Rauck MD Director | OfficerTrustee | $0 | |
Ginny Norton Director | Trustee | $0 | |
Mike Robinson Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $45,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $417,610 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $462,610 |
| Total Program Service Revenue | $99,144 |
| 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 | $561,754 |
| 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 | $91,192 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $355,954 |
| Advertising and promotion | $145,924 |
| Office expenses | $17,279 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $67,589 |
| 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 | $706 |
| Insurance | $31,889 |
| All other expenses | $22,098 |
| Total functional expenses | $732,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,697 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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 | $78,697 |
| 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 | $78,697 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $78,697 |