The Specialized Foundation
- Assets
- $2.6m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Morgan Hill, CA
- Founding
- 02/2016
- Data as of
- 12/2021
- EIN
- 47-2817949
Organization Overview
The Specialized Foundation is located in Morgan Hill, CA. The organization was established in 2016. According to its NTEE Classification (O05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Specialized Foundation 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, Specialized Foundation generated $3.1m in total revenue. All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 90.9% per year over the past 5 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.
Since 2016, Specialized Foundation has awarded 259 individual grants totaling $3,607,578. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIDING FOR FOCUS:IN 2021, OUTRIDE GRANTED 52 NEW MIDDLE SCHOOLS THE RIDING FOR FOCUS PROGRAM ACROSS THE US AND CANADA. THE PROGRAM INTEGRATES A CYCLING PROGRAM INTO THE PHYSICAL EDUCATION CURRICULUM TO IMPROVE STUDENTS COGNITIVE, PHYSICAL, AND SOCIO-EMOTIONAL WELLBEING. TO SUPPORT THE PROGRAMS, OUTRIDE GRANTED 1,056 BIKES AND HELMETS AND TRAINED 144 TEACHER CHAMPIONS IN THE RIDING FOR FOCUS CURRICULUM. ADDITIONALLY, OUTRIDE UPDATED THE ENTIRE RIDING FOR FOCUS CURRICULUM IN 2021 AND HOSTED THE FIRST IN-PERSON TRAINING IN GALLUP, NM TO SUPPORT SIX SCHOOLS WITH DIRECT RIDING FOR FOCUS TRAINING FROM THE NAVAJO NATION.
RESEARCH:OUTRIDE'S RESEARCH AIMS TO UNDERSTAND HOW RIDING A BIKE IMPACTS THE COGNITIVE, SOCIAL, AND EMOTIONAL HEALTH OF YOUTH. WE DO THIS THROUGH BOTH APPLIED RESEARCH AND PROGRAM EVALUATION WITH OUR RIDING FOR FOCUS PROGRAM AND THROUGH SUPPORTING AND COLLABORATING ON INSTITUTIONAL RESEARCH AT UNIVERSITIES ACROSS THE COUNTRY. OUR ANNUAL SUMMIT SERVES TO DISSEMINATE THE MOST RECENT RESEARCH ON THE IMPACT OF YOUTH CYCLING PROGRAMS ON THE HEALTH AND HAPPINESS OF YOUTH AND THEIR COMMUNITIES, HELPING TO PUT RESEARCH INTO PRACTICE.
OUTRIDE FUND:THE OUTRIDE FUND EMPOWERS LOCAL COMMUNITIES TO INVEST IN YOUTH CYCLING PROGRAMS THROUGH A COMBINATION OF FUNDRAISING AND DOLLAR-FOR-DOLLAR MATCHING GRANTS. IN 2021, OUTRIDE AWARDED ONE ROUND OF OUTRIDE FUND GRANTS. THIS, THE FOURTH ROUND, COMMITTED OVER $530,000 IN MATCHING FUNDS TO 53 ORGANIZATIONS FOCUSED ON IMPROVING DIVERSITY, EQUITY, INCLUSION AND OPPORTUNITY FOR YOUTH RIDERS. THE OUTRIDE FUND HAS NOW COMMITTED OVER $1,000,000 IN MATCHING GRANTS VIA 129 COMMUNITY GRANTS IN 40 STATES SINCE ITS INCEPTION IN 2019. THE OUTRIDE FUND ALSO OPENED A FIFTH ROUND OF GRANT APPLICAITONS IN 2021, WHICH WILL BE AWARDED IN 2022, FURTHER INCREASING ACCESSIBILITY IN CYCLING FOR YOUTH PROGRAMS AND COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Skye Delano Director, Executive Director | 40 | $229,634 | |
Ester Walker Senior Research Mang | 40 | $98,700 | |
Andrew Cunningham Program Manager | 40 | $92,900 | |
Lauren Freeman Program Manger - Rid | 40 | $89,200 | |
Lien O'neil Marketing, Media & E | 40 | $70,675 | |
Michael Haynes Director & Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,121,032 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $16,389 |
| Other Income | $4,500 |
| Total Revenue | $3,141,921 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $229,634 |
| Other employee salaries and wages | $386,627 |
| Pension plans, employee benefits | $85,279 |
| Interest | $0 |
| Taxes | $38,335 |
| Depreciation | $1,102 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,708 |
| Printing and publications | $0 |
| Other expenses | $277,714 |
| Total operating and administrative expenses | $1,059,920 |
| Contributions, gifts, grants paid | $1,249,664 |
| Total expenses and disbursements | $2,309,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,265,819 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $306,941 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,455 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $365 |
| Other assets | $0 |
| Total assets | $2,598,580 |
| Accounts payable and accrued expenses | $43,970 |
| Grants payable | $197,475 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $241,445 |
Grants Awarded
Over the last fiscal year, The Specialized Foundation has awarded $1,249,664 in support to 90 organizations.
| Grant Recipient | Amount |
|---|---|
Port Angeles, WA PURPOSE: TO IMPROVE LIVES OF KIDS WITH LEARNING DIFFERENCES | $52,330 |
PROJECT BIKE TECH PURPOSE: TO IMPROVE LIVES OF KIDS WITH LEARNING DIFFERENCES | $40,000 |
Orinda, CA PURPOSE: TO IMPROVE LIVES OF KIDS WITH LEARNING DIFFERENCES | $33,853 |
Eden Prairie, MN PURPOSE: TO IMPROVE LIVES OF KIDS WITH LEARNING DIFFERENCES | $30,345 |
PEOPLE CYCLE LLC PURPOSE: TO IMPROVE LIVES OF KIDS WITH LEARNING DIFFERENCES | $30,154 |
FRONT YARD BKES PURPOSE: TO IMPROVE LIVES OF KIDS WITH LEARNING DIFFERENCES | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Specialized Foundation has recieved totaling $19,544.
| Awarding Organization | Amount |
|---|---|
Usa Cycling Development Foundation Colorado Springs, CO PURPOSE: SUPPORT OF CYCLING PROGRAMS | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $9,544 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Specialized Foundation Morgan Hill, CA | $2,598,580 | $3,141,921 |
J Tech Institute Inc Gardena, CA | $1,042,084 | $1,544,704 |
Whole Child International Los Angeles, CA | $336,536 | $1,345,611 |
A Taubel Decd Palatinate Reform Ch Tw 16007 0-9 Nect Las Vegas, NV | $0 | $0 |
Musculoskeletal And Joint Research Foundation La Jolla, CA | $1,074 | $0 |