New England High School Cycling Association
- Assets
- $163.0k
- Revenue
- $353.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Norwood, MA
- Founding
- 11/2016
- Data as of
- 12/2023
- EIN
- 47-5663831
Organization Overview
New England High School Cycling Association is located in Norwood, MA. The organization was established in 2016. 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. New England High School Cycling Association 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, New England High School Cycling Association generated $353.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $287.2k during the year ending 12/2023. While expenses have increased by 20.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE NEW ENGLAND YOUTH WITH AN INTRODUCTION TO AND/OR INSTRUCTION IN CYCLING TO PROMOTE SOUND BODIES, KEEN MINDS,COMPETITIVE ATTITUDES, SELF-RELIANCE, A SPIRIT OF TEAMWORK, AND GOOD SPORTSMANSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE HIGH QUALITY MOUNTAIN BIKE RACING EXPERIENCE WHILE EMPHASIZING THE VALUE OF ALL PARTICIPANTS AND PLACING CAMARADERIE, POSITIVE SPORTING BEHAVIOR AND THE CULTIVATION OF HEALTH OVER COMPETITION. OUR EARLIEST TEAMS STARTED FORMING IN 2015, AND OUR FIRST RACES TOOK PLACE IN THE SPRING OF 2016 IN NH, MA, AND RI. NOW IN OUR EIGHTH YEAR, THE LEAGUE HAS APPROXIMATELY 1000 KIDS REGISTERED ON 33 TEAMS AND APPROXIMATELY 600 OF THEM RACED IN AT LEAST ONE OF THE SIX RACES HELD IN NH,MA,RI, AND CT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan E Goff Board Member | Trustee | 2 | $0 |
James W Grimley President And Board Member | OfficerTrustee | 20 | $34,059 |
Travis G Hass Board Member | Trustee | 2 | $0 |
Timothy D Holmes Board Member | Trustee | 2 | $0 |
Lee R Jarm Clerk And Board Member | OfficerTrustee | 2 | $0 |
D Paul Koch Jr Treasurer And Board Member | OfficerTrustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $353,725 |
| 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 | $353,725 |
| 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. | $104,059 |
| Compensation of current officers, directors, key employees. | $104,059 |
| 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 | $1,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $548 |
| Office expenses | $7,123 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,814 |
| 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 | $3,431 |
| Insurance | $9,727 |
| All other expenses | $108,042 |
| Total functional expenses | $287,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,747 |
| 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 | $4,245 |
| Total assets | $162,992 |
| 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 | $162,992 |
| Total liabilities and net assets/fund balances | $162,992 |