Civic Intelligence

Richmond Cycling Corps

990 • Fiscal year 2014 • EIN 58-2508155

Jan 01, 2014 to Dec 31, 2014 • Filed on May 15, 2015

1717 Summitt AvenueRichmond, VA 23230

(410) 206-3935

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

43rd percentile

0.02x

Higher debt load relative to assets than 43% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

36th percentile

0.01x

Higher debt load relative to revenue than 36% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

73rd percentile

15%

Higher net margin than 73% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

58th percentile

$35,641

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

90th percentile

52%

Faster asset growth than 90% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

58th percentile

8.7%

Faster revenue growth than 58% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Up

$265,810

Up $90,808 (+52%) from 2013

Net Assets

Up

$259,249

Up $85,895 (+50%) from 2013

Liabilities

Up

$6,561

Up $4,913 (+298%) from 2013

Revenue

Up

$546,433

Up $43,864 (+8.7%) from 2013

Expenses

Up

$462,194

Up $66,847 (+17%) from 2013

Net Income

Down

$84,239

Down $22,983 (-21%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2011: $59,360Liabilities 2011: $02011Assets 2012: $58,739Liabilities 2012: $02012Assets 2013: $175,002Liabilities 2013: $1,648Net Assets 2013: $173,3542013Assets 2014: $265,810Liabilities 2014: $6,561Net Assets 2014: $259,2492014Assets 2015: $374,056Liabilities 2015: $1,598Net Assets 2015: $372,4582015Assets 2016: $418,764Liabilities 2016: $4,793Net Assets 2016: $413,9712016Assets 2017: $626,849Liabilities 2017: $234,523Net Assets 2017: $392,3262017Assets 2018: $116,024Liabilities 2018: $4,237Net Assets 2018: $111,7872018Assets 2019: $50,138Liabilities 2019: $4,0312019Assets 2020: $86,272Net Assets 2020: $86,2722020Assets 2021: $57,038Net Assets 2021: $57,0382021Assets 2022: $59,356Liabilities 2022: $0Net Assets 2022: $59,3562022Assets 2023: $40,175Liabilities 2023: $02023Assets 2024: $118,583Liabilities 2024: $0Net Assets 2024: $118,5832024

Highlighted filing

2014

Assets$265,810
Liabilities$6,561
Net Assets$259,249

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $116,867Expenses 2011: $88,088Net Income 2011: $28,7792011Revenue 2012: $266,486Expenses 2012: $244,622Net Income 2012: $21,8642012Revenue 2013: $502,569Expenses 2013: $395,347Net Income 2013: $107,2222013Revenue 2014: $546,433Expenses 2014: $462,194Net Income 2014: $84,2392014Revenue 2015: $643,433Expenses 2015: $540,321Net Income 2015: $103,1122015Revenue 2016: $638,978Expenses 2016: $596,878Net Income 2016: $42,1002016Revenue 2017: $561,965Expenses 2017: $562,374Net Income 2017: -$4092017Revenue 2018: $11,681Expenses 2018: $347,254Net Income 2018: -$335,5732018Revenue 2019: $140,614Expenses 2019: $206,294Net Income 2019: -$65,6802019Revenue 2020: $137,126Expenses 2020: $94,586Net Income 2020: $42,5402020Revenue 2021: $165,443Expenses 2021: $194,677Net Income 2021: -$29,2342021Revenue 2022: $238,525Expenses 2022: $236,207Net Income 2022: $2,3182022Revenue 2023: $183,193Expenses 2023: $202,374Net Income 2023: -$19,1812023Revenue 2024: $297,237Expenses 2024: $214,120Net Income 2024: $83,1172024

Highlighted filing

2014

Revenue$546,433
Expenses$462,194
Net Income$84,239
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 15, 2015
Return Version
2014v5.0
Gross Receipts
$546,433
Mission and Program Overview

Mission

Richmond Cycling Corps (RCC) is a prestigious organization focused on development of young adult character with use of bicycle racing as the primary means of member recruitment.

RCC is a prestigious organization focused on development of young adult character, with the use of bicycle racing as the primary means of member recruitment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$175,002$265,810▲ $90,808
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$175,002$265,810▲ $90,808
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$1,649$6,561▲ $4,912
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,649$6,561▲ $4,912
Net Assets / Fund Balance
Unrestricted Net Assets$173,353$259,249▲ $85,896
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$173,353$259,249▲ $85,896
Total Liabilities and Net Assets / Fund Balance$175,002$265,810▲ $90,808
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Craig DodsonExecutive Director-FounderFT$35,641$35,641

Board Members and Trustees

NameTitle
Peter FraserChairman
Peter HenryVice President
Carolyn GobleSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$166,571
Program Service Revenue
$372,467
Investment Income
$0
Other Revenue
$7,395
All Other Contributions
$166,571
Change in Net Assets
$84,239
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$371,212
Salaries, Compensation, and Employee Benefits$90,982
Total Fundraising Expense$23,802
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$289,869$1,181$0$291,050
Other Salaries and Wages$25,113-$23,708$48,821
Occupancy$12,403$29,009-$41,412
Current Officers, Directors, Trustees, and Key Employees$12,365$23,276$0$35,641
Office Expenses$6,366$3,199$5$9,570
Payroll Taxes$3,607$2,854$0$6,461
Insurance$2,718$2,991-$5,709
All Other Expenses$3,841$738$0$4,579
Fees for Services Other$2,549$1,773$30$4,352
Information Technology$2,164$1,162$0$3,326
Travel$1,136$0-$1,136
Other Employee Benefits--$59$59
Conferences and Meetings$55--$55
Total Functional Expenses$365,080$73,312$23,802$462,194
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Craig DodsonPartial Owner of Dod LLCnet revenues from property leaseYes$312

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The organization distributes copies of the 990 to the Board of Directors for review.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are made upon request.

Filing and Contact Details

Filer

Filer Name
People's Cycle Inc
EIN
58-2508155
Phone
4102063935
Address
1717 Summitt Avenue, Richmond, VA 23230
Doing Business As
Richmond Cycling Corps

Signing Officer

Name
Craig Dodson
Title
Executive Director-Founder
Phone
4102063935
Signed
2015-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Craig Dodson
Formed
2010
Legal Domicile
Va
Voting Board Members
4
Independent Board Members
4
Employees
3
Volunteers
10

Preparer

Firm
Accounting Strategies to Solutions LLC
Address
P O Box 3151, Glen Allen, VA 23058
Preparer
Celia Broadus CPA
Phone
8043504783
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IRS990/Desc0Richmond Cycling Corps (RCC) began its programming in February it established an inner-city mountain bike racing team at Armstrong High School. RCC held a summer-long programming for twelve youth three times a week from June to September it trained by conducting mountain bike rides throughout Richmond, which culminated in a four day trip to Bryce Mountain Resort. RCC established a pilot program which focused its major objectives of accountability and preparation for workforce expectation by hiring a high school youth as "junior assistant coach" for the summer program. A Key Partnership with Dominion Foundation and Pocahontas State Park for paid trail building program for youth from Richmond's public housing in July 2014. Construction and completion of fifteen acre Armstrong Bike Park, a mountain bike skills and terrain park in the heart of public housing. The first of it's kind in the nation and RCC is awarded the Valentine Museum History Makers Award for "Demonstrating Innovative Solutions."The last quarter of the year the Armstrong High School NICA league racing team is formed and the team finishes third overall in the state, with Women's Sophmore category State Champion and Men's Freshman category State Champion. Richmond Cycling Corps continues to spread its passion to the community and its youth through bike racing, work skills and personal development.
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IRS990/Form990PartVIISectionAGrp/PersonNm0Craig Dodson
IRS990/Form990PartVIISectionAGrp/PersonNm1Peter Henry
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Craig Dodson
IRS990/PriorPeriodAdjustmentsAmt01657
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0624190
IRS990/ProgramServiceRevenueGrp/BusinessCd1624190
IRS990/ProgramServiceRevenueGrp/Desc0Service Fees
IRS990/ProgramServiceRevenueGrp/Desc1Classes
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt023444
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12080
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt023444
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12080
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0205150
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0338926
IRS990/PYOtherRevenueAmt0281589
IRS990/PYProgramServiceRevenueAmt015831
IRS990/PYRevenuesLessExpensesAmt0106416
IRS990/PYSalariesCompEmpBnftPaidAmt057228
IRS990/PYTotalExpensesAmt0396154
IRS990/PYTotalRevenueAmt0502570
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt084239
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0365080
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0166517
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0205150
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0266485
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0104974
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt098067
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0841193
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0379916
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01
IRS990ScheduleA/PublicSupportPY170Pct01
IRS990ScheduleA/PublicSupportTotal170Amt0841193
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0166517
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0205150
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0266485
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0104974
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt098067
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0841193
IRS990ScheduleA/TotalSupportAmt0841193
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt06561
IRS990ScheduleD/TotalLiabilityAmt06561
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Craig Dodson
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Partial Owner of Dod LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd01
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0312
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0net revenues from property lease
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization distributes copies of the 990 to the Board of Directors for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Governing documents and financial statements are made upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0175002
IRS990/TotalAssetsEOYAmt0265810
IRS990/TotalAssetsGrp/BOYAmt0175002
IRS990/TotalAssetsGrp/EOYAmt0265810
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0166571
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt023802
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt073312
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0365080
IRS990/TotalFunctionalExpensesGrp/TotalAmt0462194
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01649
IRS990/TotalLiabilitiesEOYAmt06561
IRS990/TotalLiabilitiesGrp/BOYAmt01649
IRS990/TotalLiabilitiesGrp/EOYAmt06561
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0173353
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0259249
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0346943
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0346943
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0365080
IRS990/TotalProgramServiceRevenueAmt0372467
IRS990/TotalReportableCompFromOrgAmt035641

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$0.00$1.19$2.97$2.14$0.83
2023Summary only. Only limited summary data is available for this year.$0.40$0.00$1.83$2.02$0.19
2022Summary only. Only limited summary data is available for this year.$0.59$0.00$0.59$2.39$2.36$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$0.57$1.65$1.95$0.29
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.86$0.86$1.37$0.95$0.43
2019Summary only. Only limited summary data is available for this year.$0.50$0.04$1.41$2.06$0.66
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.16$0.04$1.12$0.12$3.47$3.36
2017Summary only. Only limited summary data is available for this year.$6.27$2.35$3.92$5.62$5.62$0.00
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.19$0.05$4.14$6.39$5.97$0.42
2015Detailed filing. Detailed filing data is available for this year.$3.74$0.02$3.72$6.43$5.40$1.03
2014Detailed filing. Detailed filing data is available for this year.$2.66$0.07$2.59$5.46$4.62$0.84
2013Summary only. Only limited summary data is available for this year.$1.75$0.02$1.73$5.03$3.95$1.07
2012Summary only. Only limited summary data is available for this year.$0.59$0.00$2.66$2.45$0.22
2011Summary only. Only limited summary data is available for this year.$0.59$0.00$1.17$0.88$0.29