Permian Basin Bicycle Association

“Expenses information technology 576 insurance 3,928 dues & lcenses 495 bankfees 209 total 5,208”

“Inventories for sale or use 3,400 3,400 projector for computer 0 1,200 less accumulated depreciation 0 1,200 cell boosters 0 1,000 less accumulated depreciation 0 1,000 timing system for races 0 1,647 less accumulated depreciation 0 1,647 bike trailer 0 2,000 less accumulated depreciation 0 2,000 storage unit 0 3,247 less accumulated depreciation 0 3,247 total 3,400 3,400”

“What is the organizations primary exempt purpose? Social and recreational biking, emphasizing bicycle safety and training. Fundraising for charitable purposes both thru events sponsored by this organization and events sponsored directly by irc section 501 c (3) charities.”

“Touring & time trials are events held throughout the year. Costs are incurred. Thoughout the year the members participate in various charitable fundraising events such as the national multiple sclerosis ms-150 ride. For this event the members raise between 15,000 and 20,000 annually, which goes directly to the national multiple sclerosis society.”