Ride 2 Recovery
- Assets
- $288.8k
- Revenue
- $384.7k
- Investments
- $0.0
- Employees
- 4
- Location
- San Diego, CA
- Founding
- 07/2005
- Data as of
- 12/2020
- EIN
- 20-2252840
Organization Overview
Ride 2 Recovery, operating under the name Project Hero, is located in San Diego, CA. The organization was established in 2005. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 12/2020, Project Hero employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Hero 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 12/2020, Project Hero generated $384.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (32.8%) each year. All expenses for the organization totaled $470.5k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (31.1%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS DEDICATED TO A VISION TO REVERSE THE RISE OF OBESITY THROUGH PHYSICAL ACTIVITY, NUTRITION, AND POSITIVE MENTEAL HEALTH INITIATIES, INCLUDING THE DEVELOPMENT ANDIMPLEMENTATION OF POLICIES AND PROGRAMSLIKE RIDE2RECOVERY THAT PROMOTE BETTER HEALTH AND FITNESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIDE 2 RECOVERY - MAKING A DIFFERENCE IN THE LIVES OF INJURED VETERANS USING CYCLING AS A MENTAL AND PHYSICAL REHABILITATION ACTIVITY, R2R HOSTS CHALLENGE EVENTS, ONE-DAY HONOR RIDES, MTB EVENTS, WOMEN'S INITIATIVES, AND PROJECT HERO CAMP. R2R SUPPORTS SPINNING RECOVERY LABS AND OUTDOOR CYCLING PROGRAMS AT MILITARY AND U.S. LOCATIONS AROUND THE U.S. TO HELP INJURED VETERANS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Setter Executive Di | Officer | 40 | $104,221 |
Tom Abraham Board Direct | Trustee | 5 | $0 |
Robert Paddor Board Chair | Trustee | 5 | $0 |
Bill Spurgeon Board Direct | Trustee | 5 | $0 |
John West Board Chair | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $360,541 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $360,541 |
| Total Program Service Revenue | $0 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $384,715 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $248,641 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,084 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,901 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,249 |
| Travel | $2,567 |
| 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 | $44,676 |
| Insurance | $7,595 |
| All other expenses | $25,058 |
| Total functional expenses | $470,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,225 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $118,574 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,981 |
| Total assets | $288,780 |
| Accounts payable and accrued expenses | $0 |
| 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 | $94,794 |
| Total liabilities | $94,794 |
| Net assets without donor restrictions | $193,986 |
| 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 | $288,780 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Ride 2 Recovery has recieved totaling $237,475.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $168,417 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $17,750 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $16,073 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $15,225 |
Dover Foundation Downers Grove, IL PURPOSE: PROGRAM SUPPORT | $10,000 |
Columbus Foundation Columbus, OH PURPOSE: HEALTH | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fiesta Events Inc Scottsdale, AZ | $1,392,711 | $3,617,988 |
Chrims Inc Pleasanton, CA | $2,291,347 | $3,960,198 |
Santa Barbara Bowl Foundation Santa Barbara, CA | $45,351,353 | $2,991,318 |
Next Level Sports Foundation Inc San Mateo, CA | $280,995 | $2,705,458 |
Mountain View Volleyball Club Inc Sunnyvale, CA | $1,509,696 | $2,260,861 |
Rancho Penasquitos Tennis Association Inc San Diego, CA | $250,274 | $1,054,878 |
Niroga Institute Oakland, CA | $1,448,483 | $1,552,180 |
World Players Of Handball Foundation Tucson, AZ | $166,054 | $872,973 |
Crpa Foundation Fullerton, CA | $2,336,355 | $680,661 |
Bay Area Womens Sports Initiative Inc San Jose, CA | $1,221,193 | $1,319,678 |
Richmond Police Activities League Richmond, CA | $6,109,978 | $845,284 |
Bikeshare Hawaii Honolulu, HI | $1,024,934 | $346,147 |