Bonneville Cycling Club
- Assets
- $190.5k
- Revenue
- $113.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 06/2011
- Data as of
- 12/2023
- EIN
- 87-0576362
Organization Overview
Bonneville Cycling Club is located in Salt Lake City, UT. The organization was established in 2011. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, 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. Bonneville Cycling Club 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, Bonneville Cycling Club generated $113.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $77.8k during the year ending 12/2023. 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
NON-PROFIT ORGANIZATION WHOSE MISSION IS TO PROMOTE AND PRESERVE THE SAFETY, OPPORTUNITIES, AND RESPONSIBILITIES OF CYCLISTS THROUGH LEGISLATION, EDUCATION, AND FACILITIES DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BONNEVILLE CYCLING DONATES TO THE HUNSTMAN CANCER FOUNDATION AS PART OF THEIR LITTLE RED CYCLING EVENT. A PORTION OF EACH REGISTRATION GOES DIRECTLY TO THE FOUNDATION. INDIVIDUALS CAN CHOOSE TO DONATE MORE AT THEIR OWN DISCRETION. ANY ADDITIONAL DONATIONS ARE GIVEN TO THE FOUNDATION.
BONNEVILLE CYCLING CLUB HOLDS A BANQUET EACH YEAR FOR ITS MEMBERS. MEMBERS ARE ABLE TO EARN DIFFERENT JERSEYS DEPENDING ON WHICH RIDES THEY COMPLETED, AND OTHER VARIOUS AWARDS. THE BANQUET IS HELD TO RECOGNIZE THOSE MEMBERS. A PLACE IS BOOKED TO HOLD THE BANQUET, DINNER IS CATERED AND THERE ARE OTHER VARIOUS EXPENSES ASSOCIATED WITH THE BANQUET. MEMBERS ARE CHARGED A NOMINAL FEE TO COVER SOME OF THE FOOD COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Desmond Jensen Road Captain | OfficerTrustee | 3 | $0 |
Rikki Demik Secretary | OfficerTrustee | 2 | $0 |
Randy Plant Treasurer | OfficerTrustee | 3 | $0 |
Barbara Kane President | OfficerTrustee | 6 | $0 |
Christina Siwachok Communicatio | OfficerTrustee | 2 | $0 |
Clarissa Weir Membership | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,953 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,059 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,012 |
| Total Program Service Revenue | $2,225 |
| Investment income | $7,916 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $92,736 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $113,889 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $58,782 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,334 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $389 |
| Information technology | $3,428 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $364 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $550 |
| All other expenses | $769 |
| Total functional expenses | $77,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $190,522 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $190,522 |
| 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 | $190,522 |
| 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 | $190,522 |
Grants Awarded
Over the last fiscal year, Bonneville Cycling Club has awarded $85,493 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HUNTSMAN CANCER FOUNDATION PURPOSE: CHARITABLE DONATION | $67,993 |
BIKE UTAH PURPOSE: CHARITABLE DONATION | $7,500 |
MS SOCIETY OF UTAH AND IDAHO PURPOSE: CHARITABLE DONATION | $10,000 |