Usa Cycling Inc
- Assets
- $18.6m
- Revenue
- $16.0m
- Investments
- $1.0
- Employees
- 81
- Location
- Colorado Springs, CO
- Founding
- 04/1995
- Data as of
- 12/2023
- EIN
- 84-1284437
Organization Overview
Usa Cycling Inc is located in Colorado Springs, CO. The organization was established in 1995. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, USA Cycling Inc employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. USA Cycling 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 12/2023, USA Cycling Inc generated $16.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $17.5m during the year ending 12/2023. While expenses have increased by 1.4% per year over the past 9 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
USA CYCLING IS THE NATIONAL GOVERNING BODY FOR CYCLING, MAKING IT RESPONSIBLE FOR THE CONDUCT AND ADMINISTRATION OF CYCLING IN THE USA. THE MISSION OF USA CYCLING IS TO DEVELOP THE SPORT OF CYCLING IN THE UNITED STATES AT ALL LEVELS AND TO ACHIEVE SUSTAINED INTERNATIONAL RACING SUCCESS WHILE FOSTERING A SHARED COMMITMENT TO SAFETY, INTEGRITY, AND THE JOY OF CYCLING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COACHES, MECHANICS, TRAINING CENTER & ATHLETE DEVELOPMENT: NATIONAL ATHLETE DEVELOPMENT PROGRAMS SUPPORTED APPROXIMATELY 4,500 ATHLETE PARTICIPANT DAYS. APPROXIMATELY 1,000 TRAINED AND CERTIFIED COACHES AND RACE MECHANICS.
MEMBERSHIP AND EVENT SANCTIONING - APPROXIMATELY 82,000 MEMBERS ARE PROVIDED INSURANCE, RESULTS AND RANKINGS, AND RACING OPPORTUNITIES WHILE PARTICIPATING IN APPROXIMATELY 1,450 EVENTS. MEMBERS ARE ALSO PROVIDED WITH INFORMATION ABOUT CYCLING.
NATIONAL AND INTERNATIONAL EVENTS - APPROXIMATELY 1,447 ATHLETES PARTICIPATED IN 17 NATIONAL CHAMPIONSHIPS AND APPROXIMATELY 2,500 ATHLETES PARTICIPATED IN INTERNATIONAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Allen Director - Vice Chairman | Trustee | 10 | $0 |
Chad Blankenship Diretor | Trustee | 2 | $0 |
Mike Cole Director | Trustee | 2 | $0 |
Lucia Deng Director | Trustee | 2 | $0 |
Maddie Godby Director | Trustee | 2 | $0 |
Dereka Hendon Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fairly Group Business Insurance | 12/30/23 | $1,063,124 |
Medalist Sports National Event Services | 12/30/23 | $333,629 |
Bowtie Insurance To Members | 12/30/23 | $176,971 |
Life By Spot Inc It Consulting | 12/30/23 | $176,409 |
Loosely Coupled Llc National Event Services | 12/30/23 | $144,401 |
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 | $5,840,985 |
| Noncash contributions included in lines 1a–1f | $166,854 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,840,985 |
| Total Program Service Revenue | $9,964,432 |
| Investment income | $280,307 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$76,583 |
| Net Gain/Loss on Asset Sales | $2,132 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $17,573 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,028,846 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $116,252 |
| Grants and other assistance to domestic individuals. | $37,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,792,264 |
| Compensation of current officers, directors, key employees. | $402,786 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,225,165 |
| Pension plan accruals and contributions | $140,759 |
| Other employee benefits | $492,892 |
| Payroll taxes | $349,662 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $118,995 |
| Fees for services: Accounting | $18,166 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,312 |
| Fees for services: Other | $3,388,707 |
| Advertising and promotion | $206,421 |
| Office expenses | $222,935 |
| Information technology | $323,580 |
| Royalties | $0 |
| Occupancy | $336,422 |
| Travel | $3,562,726 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $123,173 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $267,606 |
| Insurance | $1,017,044 |
| All other expenses | $310,639 |
| Total functional expenses | $17,513,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,511 |
| Savings and temporary cash investments | $2,219,875 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,371,080 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $392,082 |
| Prepaid expenses and deferred charges | $614,719 |
| Net Land, buildings, and equipment | $4,816,092 |
| Investments—publicly traded securities | $8,046,239 |
| Investments—other securities | $1 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $944,504 |
| Total assets | $18,576,103 |
| Accounts payable and accrued expenses | $2,231,734 |
| Grants payable | $0 |
| Deferred revenue | $2,625,561 |
| 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 | $3,211,694 |
| Total liabilities | $8,068,989 |
| Net assets without donor restrictions | $9,423,094 |
| Net assets with donor restrictions | $1,084,020 |
| 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 | $18,576,103 |
Grants Awarded
Over the last fiscal year, Usa Cycling Inc has awarded $42,361 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NAVAJO TECHNICAL UNIVERSITY PURPOSE: SCHOLARSHIP FOR ATHLETES | $7,331 |
NEXT LEVEL PERFORMANCR COACHING PURPOSE: PRO XCT 2023 SEASON | $6,280 |
EQUITY DESIGN PURPOSE: TRAINING | $6,500 |
NATIONAL INTERSCHOLASTIC CYCLING ASSOCIATION PURPOSE: COLLEGIATE AND YOUTH | $22,250 |