Cycle Kids Inc
- Assets
- $1.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Cambridge, MA
- Founding
- 11/2004
- Data as of
- 06/2022
- EIN
- 20-1169399
Organization Overview
Cycle Kids Inc is located in Cambridge, MA. The organization was established in 2004. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Cycle Kids Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cycle Kids Inc 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 06/2022, Cycle Kids Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $486.8k during the year ending 06/2022. While expenses have increased by 9.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
CYCLE KID'S MISSION IS TO GET CHILDREN ON BICYCLES AND ENGAGE THEM IN A PHYSICAL ACTIVITY THAT ADDRESSES THE HEALTH AND EMOTIONAL ISSUES FACING TODAY'S UNDER-ACTIVE, OFTEN OVERWEIGHT, CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CYCLE KIDS PROGRAM, A HEALTHY LIFESTYLE, BICYCLE SKILS AND SAFETY BASED CURRICULUM, IS TAUGHT TO CHILDREN THROUGH PHYSICAL EDUCATION CLASSES AND AFTERSCHOOL PROGRAMS FOR 4TH - 6TH GRADES. REVENUE OF 11,832 IS FOR ROYALTY PAYMENTS RECEIVED FROM THE SALE OF BRANDED BICYCLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julianne Idlet President | OfficerTrustee | 60 | $152,500 |
April Galda Joyce Board Chair | OfficerTrustee | 0.8 | $0 |
Nicholas Von Moltke Treasurer | OfficerTrustee | 0.4 | $0 |
Stuart Komen Clerk | OfficerTrustee | 0.4 | $0 |
Leonardo Brea Board Member | Trustee | 0.4 | $0 |
Vicki Reed Board Member | Trustee | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $268,797 |
| Related organizations | $0 |
| Government grants | $43,347 |
| All other contributions, gifts, grants, and similar amounts not included above | $814,197 |
| Noncash contributions included in lines 1a–1f | $49,638 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,126,341 |
| Total Program Service Revenue | $11,832 |
| Investment income | $366 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,766 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$4,675 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,128,098 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $160,000 |
| Compensation of current officers, directors, key employees. | $16,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,714 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,097 |
| Payroll taxes | $18,853 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,796 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,340 |
| Advertising and promotion | $0 |
| Office expenses | $6,696 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,079 |
| Travel | $6,402 |
| 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 | $2,097 |
| Insurance | $5,264 |
| All other expenses | $979 |
| Total functional expenses | $486,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,574,828 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,439 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,290 |
| Prepaid expenses and deferred charges | $18,364 |
| Net Land, buildings, and equipment | $6,240 |
| Investments—publicly traded securities | $39,795 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,700 |
| Total assets | $1,674,656 |
| Accounts payable and accrued expenses | $28,832 |
| Grants payable | $0 |
| Deferred revenue | $150,000 |
| 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 | $178,832 |
| Net assets without donor restrictions | $1,269,467 |
| Net assets with donor restrictions | $226,357 |
| 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 | $1,674,656 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Cycle Kids Inc has recieved totaling $206,159.
| Awarding Organization | Amount |
|---|---|
Weezie Foundation Chicago, IL PURPOSE: GENERAL | $55,000 |
The William O And Carole P Bailey Family Foundation Richmond, VA PURPOSE: FOR OPERATIONAL SUPPORT | $30,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $28,150 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $25,000 |
Llewelyn Foundation Springfield, OH PURPOSE: GENERAL | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $19,301 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooklyn Bridge Park Corporation Brooklyn, NY | $410,528,577 | $25,310,971 |
Inspirica Inc Stamford, CT | $38,438,849 | $9,454,101 |
Rewarding Environments For Adultliving Inc Elmont, NY | $6,389,376 | $6,709,006 |
Harlem Lacrosse And Leadership Corporation New York, NY | $2,915,816 | $6,267,239 |
Community Rowing Inc Brighton, MA | $16,273,081 | $6,722,803 |
Josiah Willard Hayden Recreation Center Inc Lexington, MA | $26,597,268 | $5,479,768 |
Monroe Community Sports Centre Corporation Rochester, NY | $10,874,985 | $2,546,542 |
Pilgrim Skating Arena Inc Hingham, MA | $11,883,485 | $3,566,472 |
Section Viii Of The New York State Public High Sch Athletic Assn Inc Garden City, NY | $2,112,612 | $1,625,215 |
St George Community Center I Inc Brooklyn, NY | $100,070 | $1,691,089 |
Knox Inc Hartford, CT | $1,543,474 | $1,697,399 |
Metropolitan Oval Foundation Inc Brooklyn, NY | $2,176,196 | $1,492,915 |