Ability Cycling Inc
- Assets
- $14.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Annapolis, MD
- Founding
- Data as of
- 12/2022
- EIN
- 86-2295447
Organization Overview
Ability Cycling Inc is located in Annapolis, MD. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ability Cycling 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 12/2022, Ability Cycling Inc generated $4.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (51.9%) each year. All expenses for the organization totaled $3.7k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED FREE LOAN OF TANDEM BICYCLES OR CYCLING EQUIPMENT TO 9 DISABLED PEOPLE AND 9 PARTNERS OF THE DISABLED FOR A TOTAL OF 240 LOAN DAYS. PROVIDED 3 HOURS OF ADVICE TO 2 CUSTOMERS WHO DID NOT BORROW FROM US ON HOW TO FIND EQUIPMENT IN THEIR AREAS. PROVIDED 6 HOURS SERVICE ASSEMBLING AND DISASSEMBLING A TANDEM FOR SHIPPING TO AND FROM THE OLYMPIC TRAINING CAMP FOR A PARALYMPIC TRIATHELTE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark T Mulligan President And Chair | 6 | $0 | |
Karla Gilbride Vice Chair | 1 | $0 | |
Dr Alejandro DE La Puente Treasurer | 2 | $0 | |
Shira Gordon Secretary | 1 | $0 | |
Elizabeth Totah Board Member | 1 | $0 | |
Theresa Mulligan Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,008 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,008 |
| 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 | $0 |
| Printing, publications, postage, and shipping | $179 |
| Other expenses | $3,480 |
| Total expenses | $3,659 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $840 |
| Other assets | $0 |
| Total assets | $14,372 |
| Total liabilities | $0 |
| Net assets or fund balances | $14,372 |