Cycle - Changing Young Childrens Lives Through Education
- Assets
- $577.6k
- Revenue
- $492.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Spring, TX
- Founding
- 03/2004
- Data as of
- 12/2021
- EIN
- 20-0726745
Organization Overview
Cycle - Changing Young Childrens Lives Through Education is located in Spring, TX. The organization was established in 2004. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cycle - Changing Young Childrens Lives Through Education 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 12/2021, Cycle - Changing Young Childrens Lives Through Education generated $492.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $147.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (21.0%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE A CHILDREN'S CHARITY DEDICATED TO IMPROVING 2ND GRADE LITERACY AT TITLE ONE SCHOOLS IN THE GREATER HOUSTON AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca L B Roberts Executive Dir. | Officer | 40 | $102,500 |
Keith E Kahl Treasurer | OfficerTrustee | 1 | $0 |
Philip Schneidau President | OfficerTrustee | 6 | $0 |
Lucy Bremond Vice President | OfficerTrustee | 2 | $0 |
Acho Azuike Secretary | OfficerTrustee | 1 | $0 |
Thomas Tom C Davis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $298,011 |
| Related organizations | $0 |
| Government grants | $41,633 |
| All other contributions, gifts, grants, and similar amounts not included above | $171,422 |
| Noncash contributions included in lines 1a–1f | $9,404 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $511,066 |
| Total Program Service Revenue | $0 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$19,369 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $492,203 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,561 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $104,757 |
| Compensation of current officers, directors, key employees. | $26,189 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,841 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,050 |
| Office expenses | $11,590 |
| Information technology | $624 |
| Royalties | $0 |
| Occupancy | $175 |
| 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 | $0 |
| Insurance | $4,845 |
| All other expenses | $0 |
| Total functional expenses | $147,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,568 |
| Savings and temporary cash investments | $316,044 |
| 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 | $175,962 |
| 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 | $577,574 |
| Accounts payable and accrued expenses | $2,777 |
| 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 | $2,777 |
| Net assets without donor restrictions | $574,797 |
| 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 | $577,574 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Cycle - Changing Young Childrens Lives Through Education has recieved totaling $56,769.
| Awarding Organization | Amount |
|---|---|
Ecw Giving Foundation Inc Westborough, MA PURPOSE: CHARITY | $25,000 |
Albemarle Foundation Charlotte, NC PURPOSE: PROGRAM ASSISTANCE | $20,000 |
Albemarle Foundation Charlotte, NC PURPOSE: PROGRAM ASSISTANCE | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $944 |
Baker Hughes Foundation Houston, TX PURPOSE: GENERAL SUPPORT | $300 |
Baker Hughes Foundation Houston, TX PURPOSE: GENERAL SUPPORT | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Austin Police Operation Blue Santa Austin, TX | $480,325 | $1,395,382 |
Clayton Dabney Foundation For Kids With Cancer Dallas, TX | $1,108,391 | $1,238,762 |
Park Foundation Inc Little Rock, AR | $19,400,497 | $2,279,307 |
Azle Caring Center Azle, TX | $1,793,064 | $2,065,618 |
B I G Love Cancer Care Services Lake Jackson, TX | $687,441 | $1,005,161 |
Star Telegram Charities Inc Fort Worth, TX | $1,700,491 | $991,633 |
The Marion & Robert Rosenthal Family Foundation New Orleans, LA | $2,205,879 | $668,435 |
Defenders Of Freedom Coppell, TX | $31,242 | $521,336 |
Operation Comfort San Antonio, TX | $327,931 | $321,797 |
Assistance League Of El Paso El Paso, TX | $2,008,528 | $358,521 |
Elf Louise Inc San Antonio, TX | $994,372 | $568,951 |
Neighbors In Action Inc Houston, TX | $1,628,299 | $548,872 |