Pro Cyclist Foundation
- Assets
- $11.2k
- Revenue
- $250.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Boulder, CO
- Founding
- Data as of
- 12/2022
- EIN
- 85-1084013
Organization Overview
Pro Cyclist Foundation is located in Boulder, CO. According to its NTEE Classification (N02) the organization is classified as: Management & Technical Assistance, 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. Pro Cyclist Foundation 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, Pro Cyclist Foundation generated $250.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (19.0%) each year. All expenses for the organization totaled $271.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.1%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Pro Cyclist Foundation has awarded 14 individual grants totaling $505,927. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OFFER PROFESSIONAL CYCLISTS IMPROVED ACCESS TO LEGAL, WELLNESS AND CAREER SERVICES TO BENEFIT THE SPORT OF CYCLING AT ALL LEVELS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Casals President | 2 | $0 | |
Linda Casals Treasurer | 2 | $0 | |
Nate Brown Secretary | 2 | $0 | |
William Jones Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,910 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $250,910 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,706 |
| Total operating and administrative expenses | $115,280 |
| Contributions, gifts, grants paid | $155,927 |
| Total expenses and disbursements | $271,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,156 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,156 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Pro Cyclist Foundation has awarded $155,927 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AEVOLO CYCLING INC PURPOSE: DEVELOP ELITE CYCLISTS | $25,000 |
HOT TUBES DEVELOPMENT CYCLING TEAM INC PURPOSE: AMATEUR CYCLING COMPETITIONS | $25,000 |
LUX DEVELOPMENT PURPOSE: DEVELOP TOP JUNIOR RIDERS | $25,000 |
USA CYCLING PURPOSE: DEVELOP THE SPORT OF CYCLING | $3,880 |
TREK VAUDE PURPOSE: PROGRAM SUPPORT | $25,000 |
ON TO CYCLING PURPOSE: PROGRAM SUPPORT | $50,000 |