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Nonprofiteer
← CT CYCLING ADVANCEMENT PROGRAM INC

Form 990 for tax year 2022

Filed by CT CYCLING ADVANCEMENT PROGRAM INC.

Totals

Total revenue
$439,642
Total expenses
$598,457
Contributions and grants received
$281,744
Grants paid
$0
Program service revenue
$176,770
Investment income
$0
Other revenue
-$18,872
Total assets, end of year
$274,305
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$274,305
Program services expenses (Part IX)
$573,998
Management and general expenses
$24,459
Fundraising expenses
$0
Program service expenses (Part III)
$573,998

Program services were 95.9% 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.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $125,603

  • 1f · All other contributions, gifts and grants

    $156,141

  • 2a · Program service revenue: PROGRAM EVENTS

    total $176,770 · related or exempt $176,770

  • 8a · Fundraising events: gross income

    $9,374

  • 8a · Fundraising events: contributions included on line 1c

    $125,603

  • 8b · Fundraising events: direct expenses

    $28,246

  • 8c · Net income from fundraising events

    total -$18,872

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $260,806 · program services $260,806

  • 8 · Pension plan contributions

    total $2,584 · program services $2,584

  • 10 · Payroll taxes

    total $25,975 · program services $25,975

  • 11c · Fees: accounting

    total $2,253 · management and general $2,253

  • 11g · Fees: other

    total $540 · program services $540

  • 12 · Advertising and promotion

    total $7,824 · program services $7,824

  • 13 · Office expenses

    total $6,840 · program services $2,952 · management and general $3,888

  • 16 · Occupancy

    total $16,007 · management and general $16,007

  • 17 · Travel

    total $35,258 · program services $35,258

  • 22 · Depreciation, depletion and amortization

    total $9,359 · program services $9,359

  • 23 · Insurance

    total $10,905 · program services $10,905

  • 24a · Other expenses: PROGRAM EVENTS

    total $189,274 · program services $189,274

  • 24b · Other expenses: SUBSCRIPTIONS

    total $11,548 · program services $11,548

  • 24c · Other expenses: SUPPLIES

    total $5,623 · program services $5,623

  • 24d · Other expenses: WEBSITE MAINTENANCE

    total $5,026 · program services $5,026

  • 24e · All other expenses

    total $8,635 · program services $6,324 · management and general $2,311

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $363,291 · end of year $227,827

  • 2 · Savings and temporary cash investments

    beginning of year $46,653 · end of year $31,729

  • 10a · Land, buildings and equipment: cost or other basis

    $51,852

  • 10b · Land, buildings and equipment: accumulated depreciation

    $37,888

  • 10c · Land, buildings and equipment, net

    beginning of year $23,323 · end of year $13,964

  • 15 · Other assets

    end of year $785

  • 25 · Other liabilities

    beginning of year $147

  • 27 · Net assets without donor restrictions

    beginning of year $433,120 · end of year $274,305

Mission and programs · 2022

Mission

BETTER THE LIVES OF YOUTH AND YOUNG ADULTS THROUGH THE SPORT OF CYCLING.

  • CYCLING PROGRAMS INCLUDING RACE EVENT IN HARTFORD, CT, NEW HAVEN, CT AND HIGH SCHOOLS

    Expenses $573,998 · Revenue $176,770

As filed on the 2022 return.

Listed in Part VII

  • Aidan Charles

    BOARD MEMBER

    Total calculated
    $10,603
    From this org
    $10,603
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Evan Fox

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Willis Gee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Peter Heard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Phillip Krall

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Markowicz

    GENERAL COUN

    Total calculated
    $0
    Hours/week
    0.5

  • Kevin Monahan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Patterson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Amber Pierce

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2023
IRS schema version
2022v5.0
Source object
202311359349302131

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