Oregon Bicycle Racing Association
- Assets
- $196.4k
- Revenue
- $273.3k
- Investments
- $0.0
- Employees
- 8
- Location
- Bend, OR
- Founding
- 01/2003
- Data as of
- 12/2022
- EIN
- 93-1083061
Organization Overview
Oregon Bicycle Racing Association is located in Bend, OR. The organization was established in 2003. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Oregon Bicycle Racing Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oregon Bicycle Racing Association 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, Oregon Bicycle Racing Association generated $273.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $280.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 8 years. 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
PROMOTION AND DEVELOPMENT OF AMATEUR BICYCLE RACING IN OREGON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CYCLING PROGRAMS: MEMBER SERVICES AND GOVERNANCE-OBRA SERVES AS THE GOVERNING BODY FOR OREGON AMATEUR BICYCLE RACING. THEY PROMOTE AND OVERSEE COMPETITION, RULES AND REGUALATIONS, SET FEES FOR RIDERS AND RACE ORGANIZERS. ISSUE AND REGULATE PRINTED NUMBER PLATCES. MAINTAIN WEBSITE AND RACE RESULTS. OBRA PROVIDES BICYCLE RACING ORGANIZERS AND BICYCLE RACING PARTICIPANTS AN ONLINE INTEGRATED REGISTRATION SYSTEM. OBRA COLLECTS ENTRY FEES FROM RACE PARTICIPANTS AND DISBURSES THEM TO THE ORGANIZERS.
CYCLING PROGRAMS: RACE ORGANIZERS SUPPORT/SHARED EQUIPMENT MANAGEMENT - OBRA PROVIDES RACE PROMOTERS WITH ACCESS TO INSURANCE, OFFICIALS, MECHANICS, EQUIPMENT AND MEDICAL SUPPLIES REQUIRED FOR SAFE RACING EVENTS. THESE SERVICES ARE PROVIDED FOR A FEE. OBRA ALSO SERVES TO ASSIST PROMOTERS AND ORGANIZERS IN EXPANDING AND ENHANCING CYCLING EVENTS TO REACH AREAS AND POPULATIONS THAT WOULD NOT NORMALLY BE EXPOSED. ALSO INCLUDED IN OBRA'S ACTIVITIES IS THE PORTLAND VELODROME COMMITEE'S (PVC) TRACK RACING ACTIVITIES. THESE INCLUDE MAINTENANCE AND REPAIR OF THE VELDROME TRACK, TRACK BIKE RENTALS, TRACK BIKE STORAGE, UTILITIES, ETC. THE PVC ALSO PROMOTES VELDROME RACES AND RIDER DEVELOPMENT PROGRAMS. RELATED REVENUES AND EXPENSES ARE INCLUDED IN PROGRAM 4A.
CYCLING PROGRAMS: RIDER AND TEAM DEVELOPMENT-TO TRAIN AND SUPPORT INDIVIDUALS AND CLUBS TO PARTICIPATE IN COMPETITIVE CYCLING. DEVELOPMENT PROVIDES SUPPORT SERVICES SUCH AS CLINICS FOR TRAINING FOR PARTICIPANTS, OFFICIALS, AND COACHES. DEVELOPMENT ALSO INCLUDES SUPPORT AFOR TEAM AND INDIVIDUAL TRAVEL TO NATIONAL AND INTERNATIONAL COMPETITIONS. ALSO SUPPORTS LOCAL BIKE TRANSPORTATION ORGANIZATIONS. RELATED REVENUES AND EXPENSES ARE INCLUDED IN PROGRAM 4A.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Westbrook President | OfficerTrustee | 2 | $0 |
Kimberlee Stafford Vice Presdent | OfficerTrustee | 2 | $0 |
Nissy Cobb Secretary | OfficerTrustee | 2 | $0 |
Brad Ross Treasurer | OfficerTrustee | 2 | $0 |
Karl Henry Dosseous Board Member | Trustee | 0.5 | $0 |
Hau Hagedorn Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,404 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,404 |
| Total Program Service Revenue | $209,464 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,523 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,158 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $273,250 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,745 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $43,000 |
| Compensation of current officers, directors, key employees. | $12,283 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,025 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,821 |
| Payroll taxes | $9,482 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,191 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $129 |
| Advertising and promotion | $12,310 |
| Office expenses | $31,112 |
| Information technology | $5,108 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,309 |
| Insurance | $25,944 |
| All other expenses | $42,841 |
| Total functional expenses | $280,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,945 |
| Savings and temporary cash investments | $52,075 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,326 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,095 |
| Prepaid expenses and deferred charges | $1,991 |
| Net Land, buildings, and equipment | $15,123 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,872 |
| Total assets | $196,427 |
| Accounts payable and accrued expenses | $2,083 |
| 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 | $2,083 |
| Net assets without donor restrictions | $194,344 |
| 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 | $196,427 |