Friends Of Momentum Bike Clubs
- Assets
- $163.3k
- Revenue
- $232.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenville, SC
- Founding
- 11/2014
- Data as of
- 12/2023
- EIN
- 47-1777235
Organization Overview
Friends Of Momentum Bike Clubs is located in Greenville, SC. The organization was established in 2014. According to its NTEE Classification (O23) the organization is classified as: Boys & Girls Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Momentum Bike Clubs 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 12/2023, Friends Of Momentum Bike Clubs generated $232.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $364.3k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FRIENDS OF MOMENTUM BIKE CLUBS SUPPORTS MOMENTUM BIKE CLUBS (MBC), A PROGRAM OF CLEMSON UNIVERSITY PROVIDING FINANCIAL SUPPORT AND CREATING AWARENESS. MBC CREATES MENTORING RELATIONSHIPS WITH YOUTH IN UNDER-SERVED COMMUNITIES, PROMOTING POSITIVE DEVELOPMENT WITH BICYCLING AS THE PLATFORM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIDDLE SCHOOL BIKE PROGRAMS. BIKE CLUBS ARE RUN FROM UNDER-SERVICED SCHOOLS IN THE COMMUNITY. FOMBC PROVIDES THE BICYCLES AND PAYS TEACHER STIPENDS TO RIDE WITH THE YOUTH. YOUTH ARE SELECTED FOR THE PROGRAM LARGELY FROM TEACHER RECOMMENDATIONS. APPROXIMATELY 200 YOUTH AND 50 TEACHER MENTORS WERE INVOLVED IN VARIOUS MIDDLE SCHOOL BIKE CLUBS IN THE LOCAL COMMUNITY.
CHALLENGE TEAM CONSISTS OF ABOUT 30 HIGH SCHOOL YOUTH AND TEN VOLUNTEER MENTORS. PROGRAMMING CONSISTS OF TWO SATURDAY RIDES PER MONTH AND ONE CIRCLES MEETING OF WHICH BOTH INCLUDE MEALS AND LIFE SKILLS TRAINING. MENTORS SPEND ABOUT 15 HOURS PER MONTH WITH THE YOUTH ESTABLISHING RELATIONSHIPS AND OFFERING ADVICE AND SUPPORT REGARDING COLLEGE SELECTION AND ADMISSIONS.
SUMMER INTERNSHIPS CONSIST OF MIDDLE SCHOOL YOUTH WHO ARE MOVING INTO HIGH SCHOOL OR HIGH POTENTIAL YOUTH WHO HAVE A YEAR REMAINING BEFORE HIGH SCHOOL AND ARE INVITED TO ATTEND A FIVE WEEK SUMMER INTERNSHIP WHICH SERVES AS A GATEWAY FOR YOUTH MOVING ON TO CHALLENGE TEAM. THE INTERNSHIP CONSISTS OF TRAINING IN HEALTHY LIFESTYLES, JOB SKILLS, EXPOSURE THROUGH SPEAKERS TO POSSIBLE CAREER PATHS, SERVICE PROJECTS AND BICYCLE RIDES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Cass Chair | Officer | 5 | $0 |
Lisa Gilstrap Member | Officer | 5 | $0 |
Justin Meade Treasurer | Officer | 5 | $0 |
Tavaghn Monts Executive Di | Officer | 40 | $0 |
Jessica Moss Member | Officer | 5 | $0 |
Gerardo Naundorf Member | Officer | 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 | $231,819 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $231,819 |
| Total Program Service Revenue | $0 |
| Investment income | $900 |
| 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 | $232,719 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $178,491 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,266 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $118,211 |
| Advertising and promotion | $2,289 |
| Office expenses | $1,919 |
| Information technology | $2,100 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,311 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,787 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,453 |
| Insurance | $0 |
| All other expenses | $6,431 |
| Total functional expenses | $364,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,622 |
| Savings and temporary cash investments | $51,584 |
| 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 | $87,885 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $17,179 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $163,270 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $163,270 |
| Total liabilities and net assets/fund balances | $163,270 |