Cherry Capital Cycling Club
- Assets
- $80.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- 07/1987
- Data as of
- 12/2022
- EIN
- 38-2725200
Organization Overview
Cherry Capital Cycling Club is located in Traverse City, MI. The organization was established in 1987. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cherry Capital Cycling Club is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Cherry Capital Cycling Club generated $70.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $42.2k during the year ending 12/2022. While expenses have increased by 5.2% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Pecot President | 8 | $0 | |
Rick Venner Vice-President | 8 | $0 | |
Nancy Quinlin Secretary | 2 | $0 | |
Al Bonney Treasurer | 6 | $0 | |
Pam Huffer Ride Around Torch Director | 8 | $0 | |
Bill Danly Leelanau Harvest Tour Director | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,675 |
| Total Program Service Revenue | $5,015 |
| Membership dues | $8,715 |
| Investment income | $34 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $48,842 |
| Other Revenue | $0 |
| Total Revenue | $70,649 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $1,239 |
| Printing, publications, postage, and shipping | $357 |
| Other expenses | $17,491 |
| Total expenses | $42,235 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $80,114 |
| Other assets | $0 |
| Total assets | $80,114 |
| Total liabilities | $0 |
| Net assets or fund balances | $80,114 |