Cycle Oregon Inc
- Assets
- $605.0k
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 9
- Location
- Portland, OR
- Founding
- 03/1993
- Data as of
- 12/2023
- EIN
- 93-1056645
Organization Overview
Cycle Oregon Inc is located in Portland, OR. The organization was established in 1993. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Cycle Oregon Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cycle Oregon Inc 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 12/2023, Cycle Oregon Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 0.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CYCLE OREGON IS A NON-PROFIT ORGANIZATION DEDICATED TO TRANSFORMING INDIVIDUALS AND COMMUNITIES THROUGH BICYCLING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE BICYCE TOURISM - ORGANIZE FULLY-SUPPORTED BICYCLE TOURS THAT SHOWCASE RURAL OREGON COMMUNITIES AND GEOGRAPHY. IN 2023 WE HOSTED 2 EVENTS THROUGHOUT OREGON, BRINGING OVER 1000 PEOPLE TO EXPERIENCE THE WILLAMETTE VALLEY AND CENTRAL COAST ON OUR CLASSIC EVENT AND 500 PEOPLE TO EASTERN OREGON FOR OUR GRAVEL EVENT. CYCLE OREGON MANAGES THE OREGON SCENIC BIKEWAY PROGRAM IN PARTNERSHIP WITH OREGON STATE PARKS, WITH 17 STATEWIDE RECOGNIZED SCENIC BIKEWAYS.STRATEGICALLY INVEST IN RURAL OREGON - CYCLE OREGON ADVISED THE OREGON COMMUNITY FOUNDATION CYCLE OREGON FUND TO AWARD 17 GRANTS TOTALLING $127,400 IN 2023. PROJECTS RANGED FROM FOOD BANK SUPPORT TO BIKE PARK INFRASTRUCTURE TO BUILDING A COMMUNITY SPACE.
ADVOCATE FOR SAFETY AND INFRASTRUCTURE - IN PARTNERSHIP WITH ODOT AND ALTA PLANNING AND DESIGN, CYCLE OREGON DELIVERS A SAFE ROUTES TO SCHOOL CURRICULUM CALLED JUMPSTART. THIS IS A 'TRAIN THE TRAINER' PROGRAM DELIVERED TO SCHOOL DISTRICTS IN RURAL OREGON UTILIZING WRITTEN, STRUCTURED TEACHING CURRICULUM AND CYCLE OREGON PROVIDED EQUIPMENT (BIKES, TRAILERS, HELMENTS ETC.) TO USE WHILE TEACHING THE PROGRAM. THE PROGRAM WAS DELIVERED TO OVER 20 SCHOOLS AND SERVED 2300 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Davis Board President | OfficerTrustee | 2 | $0 |
Sarah Gates Board Vice President | OfficerTrustee | 5 | $0 |
Scott Towsey Board Treasurer | OfficerTrustee | 1 | $0 |
Jackie Yerby Board Secretary | OfficerTrustee | 1 | $0 |
Karmen Fore Board Director | Trustee | 1 | $0 |
Martin Moll Board Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $85,618 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,105 |
| Noncash contributions included in lines 1a–1f | $24,605 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $112,723 |
| Total Program Service Revenue | $2,118,917 |
| Investment income | $4,359 |
| 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 | $50,265 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,311,912 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $154,448 |
| Compensation of current officers, directors, key employees. | $77,064 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $334,669 |
| Pension plan accruals and contributions | $6,368 |
| Other employee benefits | $31,365 |
| Payroll taxes | $43,150 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $27,972 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,042 |
| Advertising and promotion | $47,244 |
| Office expenses | $48,733 |
| Information technology | $13,617 |
| Royalties | $0 |
| Occupancy | $93,187 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,222 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,297,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,118 |
| Savings and temporary cash investments | $151,042 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $93,489 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,047 |
| Prepaid expenses and deferred charges | $4,210 |
| Net Land, buildings, and equipment | $196,526 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,518 |
| Total assets | $604,950 |
| Accounts payable and accrued expenses | $25,858 |
| 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 | $125,050 |
| Total liabilities | $150,908 |
| Net assets without donor restrictions | $454,042 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $604,950 |