Colorado Heart Cycle Association Inc
- Assets
- $675.4k
- Revenue
- $618.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Golden, CO
- Founding
- 10/1985
- Data as of
- 12/2022
- EIN
- 74-2373215
Organization Overview
Colorado Heart Cycle Association Inc is located in Golden, CO. The organization was established in 1985. According to its NTEE Classification (G43) the organization is classified as: Heart & Circulatory System Diseases & Disorders, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Heart Cycle Association Inc 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, Colorado Heart Cycle Association Inc generated $618.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $562.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 8 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 ORGANIZATION ENCOURAGES BICYCLE TRAINING THROUGHOUT THE YEAR AND OFFERS AS MANY AS 12 LOW-COST BICYCLE TOURS TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
265 MEMBERS PARTICIPATED IN 12 BICYCLE TOURS AVERAGING 9 DAYS OF VARIOUS SKILL LEVELS. THE ANNUAL MEETING WAS ATTENDED BY 79 MEMBERS @ $35 EACH WITH PROGRAM AND LUNCH PROVIDED BY THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Graham Hollis Treasurer | OfficerTrustee | 15 | $0 |
Jim Bethell President | OfficerTrustee | 15 | $0 |
Mark Lestikow Vice President | OfficerTrustee | 2 | $0 |
Janet Slate Secretary | OfficerTrustee | 10 | $0 |
Alan Church Asst Tour Dir | Trustee | 2 | $0 |
Laura Davis Special Project | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,630 |
| 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 | $9,630 |
| Total Program Service Revenue | $608,801 |
| 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 | $618,431 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,182 |
| 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 | $17,590 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,402 |
| All other expenses | $6,761 |
| Total functional expenses | $562,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,743 |
| Savings and temporary cash investments | $541,426 |
| 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 | $62,213 |
| 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 | $675,382 |
| 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 | $238,946 |
| Total liabilities | $238,946 |
| Net assets without donor restrictions | $436,436 |
| 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 | $675,382 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Heart Foundation Inc Phoenix, AZ | $1,160,440 | $1,577,723 |
New Heart Inc Albuquerque, NM | $3,177,749 | $999,578 |
Colorado Heart Cycle Association Inc Golden, CO | $675,382 | $618,431 |
Carmelite Monastery Of The Sacred Hearts Colorado Springs, CO | $2,787,941 | $727,487 |
Sky Cliff Stroke Center Castle Rock, CO | $737,609 | $560,558 |
Heart Of America Teen Challenge Inc Etna, WY | $97,889 | $178,459 |
Sacred Heart Of Jesus Housing Foundation Denver, CO | $2,760,145 | $140,109 |
Happy Hearts Murray, NE | $49,646 | $201,995 |
Servants Of The Heart Of The Father Inc Platte Center, NE | $37,633 | $0 |
Nebraska State Stroke Association Lincoln, NE | $75,145 | $0 |
Chd Foundation Paradise Valley, AZ | $241,290 | $178,231 |
Institute For Us-China Neuroscience And Stroke Initiative Mesa, AZ | $63,806 | $29,999 |