Shift Events
- Assets
- $469.5k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 1
- Location
- Evergreen, CO
- Founding
- Data as of
- 12/2022
- EIN
- 85-0930923
Organization Overview
Shift Events is located in Evergreen, CO. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, 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. Shift Events is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Shift Events has awarded 35 individual grants totaling $650,524. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TEAM EVERGREEN ACTIVELY SUPPORTS BICYCLING AND RELATED ACTIVITIES TO FURTHER THE SPORT OF CYCLING AND PROMOTE ITS CONTINUED GROWTH AND SAFE ENJOYMENT. COLORADO'S PREMIER BICYCLE CLUB IS DEDICATED
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEAM EVERGREEN CYCLING IS THE OLDEST AND LARGEST CYCLING CLUB IN COLORADO. DURING 2022, WE PRODUCED CYCLING EVENTS THAT INCLUDED ROAD, MOUNTAIN, AND GRAVEL DISCIPLINES: THE TRIPLE BYPASS, THE MOUNT EVANS HILL CLIMB, THE HUNDO, SALIDA76, SESSION SERIES, AND THE BETI BIKE BASH. WE ALSO HOSTED NUMEROUS OTHER RIDES AND EVENTS THROUGHOUT THE YEAR. EXCESS REVENUE FROM THESE EVENTS WAS USED TO PROVIDE GRANTS TO LOCAL ORGANIZATIONS AS DESCRIBED IN SCHEDULE I.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Southgate Chair | OfficerTrustee | 10 | $0 |
Kip Kusser Vice Chair | OfficerTrustee | 1 | $0 |
Nathalie Brochu Treasurer | OfficerTrustee | 4 | $0 |
Ellen Wakeman Secretary | OfficerTrustee | 1 | $0 |
Robert Layman Director | Trustee | 1 | $0 |
Eric Ely Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $44,494 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,656 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,150 |
| Total Program Service Revenue | $1,623,756 |
| Investment income | $433 |
| 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 | $1,694,339 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $289,500 |
| 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. | $121,329 |
| Compensation of current officers, directors, key employees. | $24,266 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,072 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,883 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,425 |
| Fees for services: Accounting | $28,116 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,907 |
| Advertising and promotion | $23,685 |
| Office expenses | $9,740 |
| Information technology | $504 |
| Royalties | $0 |
| Occupancy | $6,595 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,276 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $456 |
| All other expenses | $1,108,289 |
| Total functional expenses | $1,667,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,553 |
| Savings and temporary cash investments | $250,433 |
| 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 | $477 |
| 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 | $469,463 |
| 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 | $469,463 |
| 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 | $469,463 |
Grants Awarded
Over the last fiscal year, Shift Events has awarded $181,750 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
COLORADO HS CYCLING LEAGUE PURPOSE: GENERAL SUPPORT | $45,000 |
LUCKY TO RIDE PURPOSE: GENERAL SUPPORT | $12,500 |
BUFFALO PARK IMPROVEMENT ASSOCIATION PURPOSE: GENERAL SUPPORT | $6,000 |
MESA COUNTY PUBLIC HEALTH - TRAILS PROGRAM PURPOSE: GENERAL SUPPORT | $15,000 |
COMBA PURPOSE: GENERAL SUPPORT | $12,500 |
BICYCLE COLORADO PURPOSE: GENERAL SUPPORT | $40,000 |