Form 990 for tax year 2023

Totals

Total revenue

$357,870

Total expenses

$371,317

Contributions and grants received

$357,716

Grants paid

$300,988

Program service revenue

$0

Investment income

$0

Other revenue

$154

Total assets, end of year

$259,132

Total liabilities, end of year

$0

Net assets or fund balances, end of year

$259,132

Program services expenses (Part IX)

$343,008

Management and general expenses

$28,309

Fundraising expenses

$0

Program service expenses (Part III)

$343,008

Program services were 92.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2023

• GROW CYCLING FOUNDATION ACHIEVED A SPECTACULAR MILESTONE IN 2023 WHEN WE OPENED THE VERY FIRST PUBLIC PUMPTRACK IN LOS ANGELES ON SEPTEMBER 24TH, 2023 OUR OPENING DAY EVENT BEGAN WITH A RIBBON CUTTING CEREMONY BY THE MAYOR AND CITY LEADERSHIP ALONG WITH NATIONAL AND INTERNATIONAL PROFESSIONAL ATHLETES, GLOBAL BRANDS, AND HUNDREDS OF DONORS AND SUPPORTERS. WE WELCOMED OVER 1,000 LA CHILDREN AND FAMILIES OF ALL AGES, BACKGROUNDS AND BIKE DISCIPLINES WHO CAME OUT TO RIDE THEIR BIKES AND SHARE IN THE JOY AND CELEBRATION OF FUN, SAFE CYCLING TOGETHER. GROW RAISED 100% OF THE FUNDS TO FINANCE AND DEVELOP OUR PUMPTRACK, MANAGED ALL GOVERNMENT AND REGULATORY APPROVALS ALONG WITH THE COMPLETE DESIGN, CONSTRUCTION AND COMPLETION OF THE CAPITAL PROJECT. WE SELECTED THE LOCATION OF THE INGLEWOOD PUMPTRACK TO BE BUILT IN A BEAUTIFUL, 55-ACRE PARK IN THE HEART OF INGLEWOOD, ONE OF THE MOST DIVERSE AND FASTED GROWING COMMUNITIES IN AMERICA. GROW'S INGLEWOOD PUMPTRACK IS AN ENVIRONMENTALLY SUSTAINABLE, COMMUNITY-BUILDING RECREATIONAL HUB, FORECASTED TO SERVE 250,000 PEOPLE/YEAR, MOSTLY KIDS. WE HAVE BEEN NAMED ONE OF THE TOP OUTDOOR DESTINATIONS IN LOS ANGELES BY VOX MEDIA/THRILLIST MAGAZINE. THE INGLEWOOD PUMPTRACK IS A POPULAR AND SIGNIFICANT PART OF THE CITY'S FAMOUS "SPORTS CAPITAL OF AMERICA" VENUES. WE ARE GROUND ZERO FOR SAFE YOUTH DISCOVERY AND EXPLORATION IN LOS ANGELES FOR MODERN, URBAN ACCESSIBLE CYCLING SPACES. OUR PROGRAMMING WILL DEVELOP AND PROVIDE PATHWAYS OF EDUCATION AND ACCESS TO ASPIRATIONAL AND FULFILLING CAREER DEVELOPMENT, ENTRY POINTS TO WORLD CHAMPIONSHIP RACING AND OLYMPIC EVENTS, AS WELL AS THE LIFELONG HEALTH, MENTAL WELLNESS AND SOCIAL BENEFITS OF CYCLING. OUR MILESTONE ACHIEVEMENT REPRESENTS WHAT THE CYCLING COMMUNITY AND INNOVATIVE COMMUNITIES LIKE INGLEWOOD CAN ACHIEVE WHEN WE COME TOGETHER. GROW'S JOB'S BOARD ATTRACTED OVER 11,000 APPLICANTS FOR ITS ASPIRATIONAL AND FULFILLING ACCESS TO JOBS WHERE FUN, HEALTHY, INCLUSIVE COMMUNITY- ORIENTED CYCLING CULTURE IS ENJOYED, EMBRACED AND/OR INTEGRATED IN CAREERS RANGING FROM ENTRY-LEVEL MECHANICS TO C-SUITE LEVEL POSITIONS AT GLOBAL BRANDS AND COMPANIES. OUR OUTREACH TO PROMOTE MORE BELONGING FOR WOMEN INCLUDE HYBRID AND REMOTE WORK FOR NEW AND/OR WORKING MOMS AND MORE DISCOVERY ACCESS FOR WOMEN WHO HAVE NEVER CONSIDERED WORKING PROFESSIONALLY IN CYCLING BEFORE. GROW PROVIDES AWARD WINNING RESEARCH-BASED EDUCATIONAL PROGRAMS TO INGLEWOOD PUBLIC SCHOOLS THAT NOT ONLY HELP STUDENTS LEARN TO RIDE AND DEVELOP SAFE CYCLING SKILLS, BUT ALSO FOCUS ON THE PHYSICAL, BEHAVIORAL AND MENTAL HEALTH BENEFITS OF CYCLING FOR CHILDREN. WE PARTNER WITH UCLA TO HELP US COLLECT DATA AND MEASURE RESULTS IN OUR RESEARCH-BASED PROGRAMS. STUDENTS SHOW INCREASED ATTENDANCE ON CYCLING DAYS, AND REPORT BETTER SLEEP, BETTER FOCUS IN CLASS AND FEELING HAPPIER WHEN THEY CYCLE.

  Expenses $343,008 · Grants $300,988 · Revenue $677

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

• CITY OF INGLEWOOD

  $299,488

  BUILD PUMPTRACK

Provenance

Return type

form_990

Tax year

2023

Filed

8 May 2024

IRS schema version

2023v5.0

Source object

202441309349303009

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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