Grow Cycling Foundation Corporation

Organization Overview

Grow Cycling Foundation Corporation is located in Mckinney, TX. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grow Cycling Foundation Corporation 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 12/2021, Grow Cycling Foundation Corporation generated $486.3k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 70.9% each year . All expenses for the organization totaled $172.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

GROW CYCLING FOUNDATION PROMOTES EDUCATION, ACCESS AND OPPORTUNITIES THAT INCREASE DIVERSITY, INCLUSION, AND BELONGING IN CYCLING AND THE OUTDOORS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GROW CYCLING WAS ESTABLISHED TO CREATE NEW AVENUES FOR INCLUSIVE COMMUNITY BUILDING AND CAREER DEVELOPMENT IN THE OUTDOORS AS WELL AS EMPOWER EXISTING PROGRAMS WORKING TO TEAR DOWN THE BARRIERS TO ENTRY IN CYCLING FOR UNDERREPRESENTED COMMUNITIES. TYPICAL SOLUTIONS DONATE BIKES OR GEAR BUT TEND TO NEGLECT THE NEXT STEP IN THE CYCLISTS' JOURNEY, WHETHER THAT BE ACCESS, EDUCATION, OR CAREER OPPORTUNITIES. WE INVEST IN AREAS THAT CREATE SUSTAINABLE PATHS FOR CYCLING AS A LIFELONG PASSION. OUR FOUR PILLARS OF ACCESS, EDUCATION, COMMUNITY AND OPPORTUNITY, FEED INTO EACH OTHER CREATING SOLUTIONS THAT PROVIDE ENTRY POINTS AT EACH STEP OF A CYCLIST'S JOURNEY. WE LOOK AT THE BASIC HUMAN NEED OF SAFETY AND HOW TO ENSURE THAT EVERYONE FEELS SAFE RIDING A BIKE, WHETHER THAT BE PHYSICAL SAFETY OR PSYCHOLOGICAL SAFETY. WE INVEST IN PROGRAMS THAT BUILD BELONGINGNESS IN CYCLING BY CREATING INCLUSIVE CYCLING SPACES REGARDLESS OF GENDER OR ETHNICITY. OUR FIRST INITIATIVE AT GROW CYCLING FOUNDATION IS BUILDING THE VERY FIRST PUBLIC PUMPTRACK IN LOS ANGELES, CALIFORNIA USA. LOS ANGELES' HIGH RATIO OF AUTO-TO-CYCLING FATALITIES , COUPLED WITH STRICT ENFORCEMENT OF "NO BICYCLING" RULES THROUGHOUT THE CITY, MAKES IT PROHIBITIVE FOR CHILDREN TO ACCESS SAFE SPACES TO LEARN AND DEVELOP LIFE ENHANCING CYCLING SKILLS AND OPPORTUNITIES. WE HAVE BROKEN GROUND ON A PUMPTRACK IN INGLEWOOD, CALIFORNIA, ONE OF LA COUNTY'S MOST DIVERSE COMMUNITIES, WHERE 95% OF THE POPULATION IS NONWHITE AND IS THE COUNTY'S LARGEST POPULATION OF CHILDREN 10 AND UNDER. THIS COMMUNITY, WHICH COUNTS BOTH OF LA'S NEWEST FOOTBALL AND BASKETBALL STADIUMS CAN SUPPORT THE PUMPTRACK LOCATION AND THE CAPACITY OF A COURSE READY TO HOST THE PUMPTRACK WORLD CHAMPIONSHIPS. OUR VISION IS TO BUILD A WHOLISTIC PUBLIC PUMPTRACK AND COMMUNITY HUB THAT SUPPORTS A CYCLING ECOSYSTEM WITH CURATED EDUCATION PROGRAMS, PUMPTRACK SUPPORT AND TALENT AND CAREER DEVELOPMENT IN A COMMUNITY THAT DOESN'T HAVE ACCESS TO SAFE CYCLING AND DEVELOPMENT OPPORTUNITIES. WE FOCUS ON LONG TERM SUSTAINABILITY AND BETTERING THE ENVIRONMENT IN COMMUNITIES THAT MAY HAVE LACKED FUNDING TO PRIORITIZE CLIMATE INVESTMENTS IN WAYS THAT IMPACT PUBLIC SAFETY, HEALTH, AND THE ENVIRONMENT. OUR PROGRAMS DIRECTLY IMPACT OUR COMMITMENT TO COMMUNITY MENTAL AND PHYSICAL HEALTH INITIATIVES, ESPECIALLY THOSE THAT INCREASE YOUTH MENTAL HEALTH AND WELLNESS DATA BASED OUTCOMES, AND EXPANDING CAREER ACCESS AND OPPORTUNITIES IN UNDERSERVED COMMUNITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Eliot Jackson
Founder & Ch
$0
Joi Jackson
President
$0
Katie Holden
Vice-Chairma
$0
Greg Minnaar
Director
$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$379,198
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$379,198
Total Program Service Revenue$0
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 $106,802
Miscellaneous Revenue$0
Total Revenue $486,300

Grants Awarded

Over the last fiscal year, Grow Cycling Foundation Corporation has awarded $165,071 in support to 2 organizations.

Grant RecipientAmount

CITY OF INGLEWOOD

Org PageRecipient Profile

Inglewood, CA

PURPOSE: BUILD PUMPTRACK

$154,516

STRIDER EDUCATION FOUNDATION

Org PageRecipient Profile

Rapid City, SD

PURPOSE: EDUCATION INITIATIVE

$10,555
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Grow Cycling Foundation Corporation has recieved totaling $72,566.

Awarding OrganizationAmount
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$52,966
Silicon Valley Community Foundation

Mountain View, CA

PURPOSE: Youth Development

$16,600
Leslie Cheek Jr Tr Ua 03-01-89 Fbo

Chicago, IL

PURPOSE: GENERAL

$2,000
Ajana Foundation Tr

Boston, MA

PURPOSE: GENERAL & UNRESTRICTED

$1,000
View Grant Recipient Profile

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