Clipped In For Life
- Assets
- $76.0k
- Revenue
- $314.1k
- Investments
- $0.0
- Employees
- 5
- Location
- El Dorado Hills, CA
- Founding
- Data as of
- 12/2022
- EIN
- 85-1335930
Organization Overview
Clipped In For Life is located in El Dorado Hills, CA. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Clipped In For Life employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clipped In For Life 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, Clipped In For Life generated $314.1k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 59.8% each year . All expenses for the organization totaled $333.8k during the year ending 12/2022. 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
CLIPPED IN FOR LIFES MISSION IS TO CREATE OPPORTUNITIES FOR PEOPLE OF ALL AGES AND ABILITIES TO FIND ACHIEVEMENT, ADVENTURE, AND CONNECTION THROUGH CYCLING AND OTHER ATHLETIC ACTIVITIES THUS, HELPING IMPROVE LIVES AND BRING COMMUNITIES TOGETHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, CLIPPED IN FOR LIFE SERVED OVER 1,600 UNIQUE PEOPLE THROUGH 6,400+ REGISTRATIONS TO OUR EVENTS. THIS RANGED FROM THREE-YEAR-OLD KIDS LEARNING TO RIDE A BIKE FOR THE FIRST TIME, TO 70-YEAR-OLD PARTICIPANTS FINISHING A CYCLOCROSS RACE.THE FOCUS WAS ON THE FOLLOWING:CREATE CYCLING OPPORTUNTIES FOR YOUTH IN ORDER TO ENCOURAGE THEM TO MAKE RIDING BIKES A WAY OF LIFE. TO THIS END, WE:WON A $5,000 GRANT TO BUY 20 KIDS STRIDER BIKES AND TAUGHT 40 KIDS AGES 3-6 HOW TO RIDE A PEDAL BIKE OVER THE SUMMER.HOSTED MORE THAN 225 KIDS AT OUR FREE "BALANCE BIKE BASHES" TO HELP KIDS ON STRIDER BIKES GET EXCITED TO BE ON BIKES.PUT ON 12 YOUTH-FOCUSED MOUTAIN BIKE RACES THAT GARNERED 950+ REGISTRATIONS FOR KIDS AGES K - 8 GRADE.CREATED A SPRING AND FALL "RIDE CLUB" FOR 75 MIDDLE SCHOOLERS TO RIDE BIKES WITH THEIR FRIENDS TWICE A WEEK (14 WEEKS TOTAL).TAILORED A THREE-RACE MOUNTAIN BIKE SERIES FOR HIGH SCHOOLERS TO PRACTICE RACING BEFORE THEIR SEASON BEGAN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clinton Claassen Vice President | OfficerTrustee | 45 | $47,373 |
Jennifer Claassen Director | Trustee | 45 | $39,457 |
Linda Elgart Secretary | OfficerTrustee | 2 | $0 |
Pete Conlin Director | Trustee | 2 | $0 |
Morgan Bauer Treasurer | OfficerTrustee | 2 | $0 |
William Youngman Director | Trustee | 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 | $12,251 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,251 |
| Total Program Service Revenue | $301,868 |
| 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 | $314,119 |
| 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. | $102,368 |
| Compensation of current officers, directors, key employees. | $39,258 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,024 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,705 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,295 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,328 |
| Advertising and promotion | $2,208 |
| Office expenses | $4,881 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,267 |
| Travel | $514 |
| 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 | $19,301 |
| Insurance | $24,400 |
| All other expenses | $3,043 |
| Total functional expenses | $333,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,404 |
| Savings and temporary cash investments | $7,541 |
| 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 | $28,949 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,101 |
| Total assets | $75,995 |
| Accounts payable and accrued expenses | $13,110 |
| 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 | $60,213 |
| Total liabilities | $73,323 |
| Net assets without donor restrictions | $2,672 |
| 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 | $75,995 |