Potomac Pedalers Touring Club Inc
- Assets
- $329.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Germantown, MD
- Founding
- 07/1989
- Data as of
- 12/2023
- EIN
- 52-1086755
Organization Overview
Potomac Pedalers Touring Club Inc is located in Germantown, MD. The organization was established in 1989. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Potomac Pedalers Touring Club 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 12/2023, Potomac Pedalers Touring Club Inc generated $60.4k 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 (13.6%) each year. All expenses for the organization totaled $39.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (20.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CONDUCT AND SUPPORT BICYCLE RIDES AND EVENTS; TO CONDUCT EDUCATION ABOUT BICYCLING.
Describe the Organization's Program Activity:
Part 3
BICYCLE RIDES AND EVENTS PROVIDE HUNDREDS OF RIDES PER YEAR TO THOUSANDS OF PEOPLE.
MOMTHLY NEWSLETTER (PEDAL PATTER) AND EMAILS INFORM THE PUBLIC ABOUT BICYCLE EVENTS, CARE AND SAFETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rudi Riet President | 8 | $0 | |
Lee Goldberg Board Member | 2 | $0 | |
Stephen Mink VP Of Operations | 2 | $0 | |
Jonathan Felbinger Treasurer | 5 | $0 | |
Jim M Mabry Board Member | 2 | $0 | |
Laura Falender Recording Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $14,277 |
| Membership dues | $37,024 |
| Investment income | $8,604 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $518 |
| Total Revenue | $60,423 |
| 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 | $2,885 |
| Occupancy, rent, utilities, and maintenance | $3,713 |
| Printing, publications, postage, and shipping | $25 |
| Other expenses | $32,680 |
| Total expenses | $39,303 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $329,821 |
| Other assets | $0 |
| Total assets | $329,821 |
| Total liabilities | $29,750 |
| Net assets or fund balances | $300,071 |