Form 990 for tax year 2022
Filed by USA CYCLING DEVELOPMENT FOUNDATION.
Totals
- Total revenue
- $2,700,161
- Total expenses
- $3,065,993
- Contributions and grants received
- $2,482,322
- Grants paid
- $2,377,767
- Program service revenue
- $0
- Investment income
- $103,183
- Other revenue
- $114,656
- Total assets, end of year
- $4,308,308
- Total liabilities, end of year
- $2,404,679
- Net assets or fund balances, end of year
- $1,903,629
- Program services expenses (Part IX)
- $2,501,372
- Management and general expenses
- $192,196
- Fundraising expenses
- $372,425
- Program service expenses (Part III)
- $2,501,372
Program services were 81.6% 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
$169,162
-
1f · All other contributions, gifts and grants
$2,313,160
-
1g · Noncash contributions included above
$195,308
-
3 · Investment income
total $78,828 · excluded $78,828
-
5 · Royalties
total $614 · excluded $614
-
7a · Gross sales of assets other than inventory
securities $226,576
-
7b · Less cost or other basis and sales expenses
securities $202,221
-
7c · Gain or loss
securities $24,355
-
7d · Net gain or loss
total $24,355 · excluded $24,355
-
8a · Fundraising events: gross income
$339,430
-
8a · Fundraising events: contributions included on line 1c
$169,162
-
8b · Fundraising events: direct expenses
$225,388
-
8c · Net income from fundraising events
total $114,042 · excluded $114,042
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,253,884 · program services $2,253,884
-
2 · Grants to domestic individuals
total $123,883 · program services $123,883
-
11a · Fees: management
total $447,686 · program services $91,652 · management and general $116,961 · fundraising $239,073
-
11b · Fees: legal
total $5,627 · management and general $5,627
-
11c · Fees: accounting
total $5,241 · management and general $5,241
-
11f · Fees: investment management
total $9,496 · management and general $9,496
-
11g · Fees: other
total $12,210 · program services $1,195 · management and general $9,655 · fundraising $1,360
-
13 · Office expenses
total $22,923 · program services $2,802 · management and general $4,024 · fundraising $16,097
-
14 · Information technology
total $15,895 · management and general $3,430 · fundraising $12,465
-
17 · Travel
total $116,597 · program services $23,870 · management and general $30,462 · fundraising $62,265
-
19 · Conferences, conventions and meetings
total $20,335 · management and general $4,389 · fundraising $15,946
-
23 · Insurance
total $2,091 · management and general $2,091
-
24a · Other expenses: APPAREL & EQUIPMENT
total $19,246 · program services $4,086 · management and general $464 · fundraising $14,696
-
24b · Other expenses: BANK & CREDIT CARD PROC
total $5,851 · fundraising $5,851
-
24c · Other expenses: GIFTS & AWARDS
total $4,411 · fundraising $4,411
-
24d · Other expenses: DUES & FEES
total $461 · management and general $200 · fundraising $261
-
24e · All other expenses
total $156 · management and general $156
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $428,720 · end of year $1,242,649
-
3 · Pledges and grants receivable
end of year $319,875
-
4 · Accounts receivable
beginning of year $96,329 · end of year $249,644
-
8 · Inventories for sale or use
beginning of year $1,450
-
9 · Prepaid expenses and deferred charges
beginning of year $2,361 · end of year $81,476
-
10a · Land, buildings and equipment: cost or other basis
$16,368
-
10b · Land, buildings and equipment: accumulated depreciation
$16,368
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $2,911,124 · end of year $2,414,662
-
12 · Investments: other securities
beginning of year $2 · end of year $2
-
17 · Accounts payable and accrued expenses
beginning of year $11,404 · end of year $179,722
-
25 · Other liabilities
beginning of year $573,613 · end of year $2,224,957
-
27 · Net assets without donor restrictions
beginning of year $2,055,442 · end of year $695,995
-
28 · Net assets with donor restrictions
beginning of year $799,527 · end of year $1,207,634
Mission and programs · 2022
Mission
TO PROVIDE FINANCIAL SUPPORT TO USA CYCLING, INC.
Activities or mission (Part I)
TO PROVIDE FINANCIAL SUPPORT TO USA CYCLING.
-
PROVIDED GRANTS & OTHER REIMBURSEMENTS TO USA CYCLING, INC., USA CYCLING CLUBS, AND ATHLETES FOR TRAINING AND COMPETITION EXPENSES AND MANAGEMENT SERVICES.
Expenses $2,501,372 · Grants $2,377,767
As filed on the 2022 return.
Listed in Part VII
-
Thomas WeiselTHOMAS WEISEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mick HellmanMICK HELLMAN
VICE-PRESIDENT/SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Matthew BargerMATTHEW BARGER
PRESIDENT, CHAIRMAN OF THE
- Total calculated
- $0
- Hours/week
- 2 + 3 related
-
Michael LinnMICHAEL LINN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Robert L EmeryROBERT L EMERY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael PattersonMICHAEL PATTERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
John BucksbaumJOHN BUCKSBAUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael D ColeMICHAEL D COLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Robert StapletonROBERT STAPLETON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Priscilla WoodsPRISCILLA WOODS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David HelfrichDAVID HELFRICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Julia ViolichJULIA VIOLICH
TREASURER
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Jan SilverbergJAN SILVERBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Steven Van Der ZwanSTEVEN VAN DER ZWAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Erica BerthouERICA BERTHOU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gregory AllenGREGORY ALLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Robin ThurstonROBIN THURSTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jonathan McNeillJONATHAN MCNEILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Amy BrownAMY BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Andy ClarkeANDY CLARKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dr Spencer GuinnDR SPENCER GUINN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Steve McCauleySTEVE MCCAULEY
DIRECTOR OF DONOR AND PROG
- Total calculated
- $139,584
- From this org
- $0
- From related orgs
- $118,610
- Other
- $20,974
- Hours/week
- 40
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
-
$2,179,134
SUPPORT OF CYCLING PROGRAMS
-
$10,000
JR ATHLETE DEVELOPMENT
-
$7,500
JR ATHLETE DEVELOPMENT
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)3 · NATIONAL GOVERNING BODY FOR CYCLING · CO
Directly controlled by USAC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343199349304234
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