Climate Ride Inc
- Assets
- $1.7m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 9
- Location
- Missoula, MT
- Founding
- 09/2010
- Data as of
- 12/2021
- EIN
- 27-1777457
Organization Overview
Climate Ride Inc is located in Missoula, MT. The organization was established in 2010. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, under the broad grouping of Environment and related organizations. As of 12/2021, Climate Ride Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Climate Ride 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 12/2021, Climate Ride Inc generated $1.3m 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 (5.2%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Climate Ride Inc has awarded 126 individual grants totaling $2,361,718. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CLIMATE RIDE IS A 501(C)(3) NONPROFIT ORGANIZATION THAT MOBILIZES PEOPLE TO PROTECT OUR PLANET THROUGH LIFE-CHANGING ADVENTURES. WE ORGANIZE CHARITABLE BIKING, RUNNING, AND HIKING EVENTS TO RAISE AWARENESS AND SUPPORT SUSTAINABILITY, ACTIVE TRANSPORTATION, AND ENVIRONMENTAL CAUSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLIMATE RIDE'S PROGRAMS BRING PEOPLE AND NONPROFITS TOGETHER TO INSPIRE ACTION AND MAKE PROTECTING THE PLANET A PHILANTHROPIC PRIORITY FOR EVERYONE. CLIMATE RIDE PLANS, IMPLEMENTS, AND SUPPORTS OUTDOOR ADVENTURE EVENTS AROUND THE US AND THE WORLD. IT SUPPORTS PARTICIPANTS TO DO OUTREACH AND RAISE FUNDS FOR GRANTS (SEE BELOW). CLIMATE RIDE PROGRAMMATIC EXPENSES INCLUDE ENVIRONMENTAL EDUCATION, OUTREACH, AND PROVIDING SCHOLARSHIPS THAT INCREASE DIVERSITY AND INCLUSION.
WITH THE CONTINUATION OF THE COVID PANDEMIC IN 2021, CLIMATE RIDE HAD LOWER PARTICIPATION IN ITS EVENTS WHICH LED TO LOWER REVENUE AND OVERALL GRANDS THAT WOULD BE EXPECTED IN A NORMAL YEAR. CONTRIBUTIONS RAISED BY PARTICIPANTS IN CLIMATE RIDE'S BIKE RIDES, HIKES, AND OTHER EVENTS ARE DONATED TO DOZENS OF NON-PROFIT ORGANIZATIONS THROUGHOUT THE UNITED STATES THAT PRIMARILY DO WORK IN THE AREAS OF ENVIRONMENT, CLIMATE CHANGE, CLEAN ENERGY, ACTIVE TRANSPORTATION, AND SUSTAINABILITY. CLIMATE RIDE MAKES ITS GROWTH FUND THE SOLE DESIGNATED BENEFICIARY OF CERTAIN "FUNDER" EVENTS AND IS LISTED AS ONE OF THE BENEFICIARIES FROM WHICH PARTICIPANTS CAN CHOOSE TO FUNDRAISE FOR DURING THE YEAR. THE FUND IS USED TO SUSTAIN PROGRAMMING AND PROMOTE ITS LONG-TERM STABILITY, FUND SCHOLARSHIPS, AND ENVIRONMENTAL JUSTICE ACTION GRANTS. CONTRIBUTIONS TO THE GROWTH FUND, WHICH TOTALED $225,612.80 IN 2021, ARE RECORDED SOLELY AS REVENUES AND NOT INCLUDED IN GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trina Peterson President | OfficerTrustee | 5 | $0 |
Mark Wenzler Secretary | OfficerTrustee | 2 | $0 |
Roger Schwed Treasurer | OfficerTrustee | 2 | $0 |
John Grossman Director | Trustee | 1 | $0 |
Shamini Dahna Director | Trustee | 1 | $0 |
Kim Larson Director | Trustee | 1 | $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 | $306,603 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $306,603 |
| Total Program Service Revenue | $917,933 |
| Investment income | $3,097 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,128 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,301,047 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $379,740 |
| 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. | $111,224 |
| Compensation of current officers, directors, key employees. | $18,981 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $121,875 |
| Pension plan accruals and contributions | $5,874 |
| Other employee benefits | $13,670 |
| Payroll taxes | $19,190 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,825 |
| Fees for services: Accounting | $6,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $875 |
| Advertising and promotion | $303 |
| Office expenses | $1,005 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,307 |
| 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 | $9,298 |
| All other expenses | $1,547 |
| Total functional expenses | $1,086,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,008 |
| Savings and temporary cash investments | $1,426,906 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $99,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,500 |
| Prepaid expenses and deferred charges | $15,935 |
| 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 | $1,712,349 |
| Accounts payable and accrued expenses | $85,421 |
| Grants payable | $0 |
| Deferred revenue | $39,525 |
| 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 | $124,946 |
| Net assets without donor restrictions | $1,587,403 |
| 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 | $1,712,349 |
Grants Awarded
Over the last fiscal year, Climate Ride Inc has awarded $238,095 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Columbia Falls, MT | | $64,191 |
Oakland, CA | | $38,154 |
Washington, DC | | $17,050 |
Oakland, CA | | $13,406 |
Brooklyn, NY | | $13,325 |
San Francisco, CA | | $11,587 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Climate Ride Inc has recieved totaling $490,248.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $379,845 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $30,826 |
Aaron Rashti Family Foundation Inc Greenwood Village, CO PURPOSE: CLIMATE MOVEMENT | $20,000 |
Whitefish Community Foundation Inc Whitefish, MT PURPOSE: GENERAL SUPPORT | $13,800 |
March Conservation Fund San Francisco, CA PURPOSE: GENERAL SUPPORT | $10,000 |
Seed Fund Grants Inc Pittsford, NY PURPOSE: UNRESTRICTED | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Teton Science Schools Jackson, WY | $52,431,834 | $15,385,429 |
Yellowstone Forever Bozeman, MT | $31,698,684 | $24,864,461 |
Backcountry Hunters And Anglers Missoula, MT | $2,666,826 | $4,711,060 |
Glacier Institute Inc Columbia Falls, MT | $917,477 | $1,110,307 |
Climate Ride Inc Missoula, MT | $1,712,349 | $1,301,047 |
Montana Wilderness School Bozeman, MT | $315,535 | $828,292 |
The Earthfire Institute Driggs, ID | $2,856,374 | $2,526,699 |
Healthy Air Research And Certification Authority Inc Cheyenne, WY | $120,000 | $604,793 |
Idaho Basecamp Ketchum, ID | $914,105 | $818,477 |
Yellowstone Wildlife Sanctuary Red Lodge, MT | $843,377 | $534,585 |
Teton Valley Trails & Pathways Incorporated Driggs, ID | $360,377 | $462,830 |
Theodore Roosevelt Nature And History Association Medora, ND | $1,236,652 | $705,078 |