Civic Intelligence

Aevolo Cycling Inc.

990 • Fiscal year 2016 • EIN 81-3510640

Aug 10, 2016 to Oct 31, 2016 • Filed on Mar 13, 2017

487 Greenwich Street No 5th FLNew York, NY 10013

(212) 965-0298

Siviq Scores

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

Liabilities / Assets

65th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • NTEE N • <$500k nonprofits • Source year 2016

Liabilities / Revenue

65th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • NTEE N • <$500k nonprofits • Source year 2016

Net Margin

98th percentile

78%

Higher net margin than 98% of similar nonprofits.

2016 filings • NTEE N • <$500k nonprofits • Source year 2016

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • NTEE N • <$500k nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Assets

$39,150

No earlier filing loaded for comparison.

Net Assets

$39,150

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$50,000

No earlier filing loaded for comparison.

Expenses

$10,850

No earlier filing loaded for comparison.

Net Income

$39,150

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0-$50KAssets 2016: $39,150Liabilities 2016: $0Net Assets 2016: $39,1502016Assets 2017: $151,827Liabilities 2017: $134,643Net Assets 2017: $17,1842017Assets 2018: $107,872Liabilities 2018: $16,352Net Assets 2018: $91,5202018Assets 2019: $88,527Liabilities 2019: $13,023Net Assets 2019: $75,5042019Assets 2020: $96,433Liabilities 2020: $3,625Net Assets 2020: $92,8082020Assets 2021: $91,681Liabilities 2021: $51,602Net Assets 2021: $40,0792021Assets 2022: $74,954Liabilities 2022: $26,871Net Assets 2022: $48,0832022Assets 2023: $82,437Liabilities 2023: $51,796Net Assets 2023: $30,6412023Assets 2024: $41,386Liabilities 2024: $65,013Net Assets 2024: -$23,6272024

Highlighted filing

2016

Assets$39,150
Liabilities$0
Net Assets$39,150

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2016: $50,000Expenses 2016: $10,850Net Income 2016: $39,1502016Revenue 2017: $495,004Expenses 2017: $516,970Net Income 2017: -$21,9662017Revenue 2018: $685,314Expenses 2018: $610,978Net Income 2018: $74,3362018Revenue 2019: $586,247Expenses 2019: $602,263Net Income 2019: -$16,0162019Revenue 2020: $408,109Expenses 2020: $390,805Net Income 2020: $17,3042020Revenue 2021: $485,349Expenses 2021: $538,078Net Income 2021: -$52,7292021Revenue 2022: $651,061Expenses 2022: $643,057Net Income 2022: $8,0042022Revenue 2023: $641,409Expenses 2023: $658,851Net Income 2023: -$17,4422023Revenue 2024: $580,015Expenses 2024: $634,283Net Income 2024: -$54,2682024

Highlighted filing

2016

Revenue$50,000
Expenses$10,850
Net Income$39,150
Jump To
Filing Snapshot
Filing Period
Aug 10, 2016 to Oct 31, 2016
Signed
Mar 13, 2017
Return Version
2016v3.0
Gross Receipts
$50,000
Mission and Program Overview

Mission

Aevolo cycling, inc. ("aevolo") is organized and operated for the specific purpose of supporting and developing amateur athletes for national or international competition in the sport of cycling.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$39,150▲ $39,150
Rtn Earn Endowment Incm Other Fnds$0$39,150▲ $39,150
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$39,150▲ $39,150
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$39,150▲ $39,150
Total Liabilities and Net Assets / Fund Balance$0$39,150▲ $39,150
Compensation and Service Providers

Board Members and Trustees

NameTitle
Steve Van Der ZwanDirector/president
Alston GardnerDirector/secretary
Douglas EllisDirector/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$50,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$50,000
Change in Net Assets
$39,150
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,850
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$850$10,000-$10,850
Total Functional Expenses$850$10,000$0$10,850
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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

Process used to review the form 990 aevolo cycling inc. Form 990 was prepared by aevolo's external accountant, frendel brown & weissman llp, in consultation with aevolo's board of directors. The completed version of the form 990 was provided to the board for its review and comment. Upon approval by the board, the form 990 was finalized and filed with the irs.

Form 990, Part VI, Section B, Line 12C

Compliance with conflict of interest policy the board of directors oversees the submission of the annual disclosures by the directors, officers, trustees, and key employees, reviews the disclosures to determine whether there are any conflicts of interest, and monitors overall compliance with the policy. If any actual or potential conflict were to arise, legal counsel would work with the board to facilitate the fairness of the transaction, to ensure the recusal of any interested parties from any deliberations, and otherwise monitor compliance with the policy.

Form 990, Part VI, Section B, Line 15

Process for determining compensation the directors of aevolo volunteer their services and receive no compensation from aevolo or its affiliates. The director/president, director/treasurer and director/secretary are the only officers, directors; they do not receive compensation. Aevolo's board of directors reviews the affiliates benefits and compensation survey and guidelines provided by aevolo cycling, inc. Annually. In addition, the board surveys other local non profits to assure competetiveness in the marketplace. All aevolo officer, director, trustee, or key employee salary changes are approved by the board.

Form 990, Part VI, Section C, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Aevolo Cycling Inc
EIN
81-3510640
Phone
2129650298
Address
487 GREENWICH STREET NO 5TH FL, NEW YORK, NY 10013

Signing Officer

Name
Steven Van Derzwan
Title
President
Phone
2129650298
Signed
2017-03-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Van Derzwan
Formed
2016
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
FRENDEL BROWN & WEISSMAN LLP CPA'S
Address
655 THIRD AVE-SUITE 1400, NEW YORK, NY 10017
Preparer
John P Cifichiello
Phone
2128679630
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Team registration fee: program service expenses 850. Management and general expenses 0. Fundraising expenses 0. Total expenses 850. Consulting fee: program service expenses 0. Management and general expenses 10,000. Fundraising expenses 0. Total expenses 10,000.

Raw XML Appendix272 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROCESS USED TO REVIEW THE FORM 990 AEVOLO CYCLING INC. FORM 990 WAS PREPARED BY AEVOLO'S EXTERNAL ACCOUNTANT, FRENDEL BROWN & WEISSMAN LLP, IN CONSULTATION WITH AEVOLO'S BOARD OF DIRECTORS. THE COMPLETED VERSION OF THE FORM 990 WAS PROVIDED TO THE BOARD FOR ITS REVIEW AND COMMENT. UPON APPROVAL BY THE BOARD, THE FORM 990 WAS FINALIZED AND FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPLIANCE WITH CONFLICT OF INTEREST POLICY THE BOARD OF DIRECTORS OVERSEES THE SUBMISSION OF THE ANNUAL DISCLOSURES BY THE DIRECTORS, OFFICERS, TRUSTEES, AND KEY EMPLOYEES, REVIEWS THE DISCLOSURES TO DETERMINE WHETHER THERE ARE ANY CONFLICTS OF INTEREST, AND MONITORS OVERALL COMPLIANCE WITH THE POLICY. IF ANY ACTUAL OR POTENTIAL CONFLICT WERE TO ARISE, LEGAL COUNSEL WOULD WORK WITH THE BOARD TO FACILITATE THE FAIRNESS OF THE TRANSACTION, TO ENSURE THE RECUSAL OF ANY INTERESTED PARTIES FROM ANY DELIBERATIONS, AND OTHERWISE MONITOR COMPLIANCE WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROCESS FOR DETERMINING COMPENSATION THE DIRECTORS OF AEVOLO VOLUNTEER THEIR SERVICES AND RECEIVE NO COMPENSATION FROM AEVOLO OR ITS AFFILIATES. THE DIRECTOR/PRESIDENT, DIRECTOR/TREASURER AND DIRECTOR/SECRETARY ARE THE ONLY OFFICERS, DIRECTORS; THEY DO NOT RECEIVE COMPENSATION. AEVOLO'S BOARD OF DIRECTORS REVIEWS THE AFFILIATES BENEFITS AND COMPENSATION SURVEY AND GUIDELINES PROVIDED BY AEVOLO CYCLING, INC. ANNUALLY. IN ADDITION, THE BOARD SURVEYS OTHER LOCAL NON PROFITS TO ASSURE COMPETETIVENESS IN THE MARKETPLACE. ALL AEVOLO OFFICER, DIRECTOR, TRUSTEE, OR KEY EMPLOYEE SALARY CHANGES ARE APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TEAM REGISTRATION FEE: PROGRAM SERVICE EXPENSES 850. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 850. CONSULTING FEE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 10,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,000.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-08-10
ReturnHeader/TaxPeriodEndDt02016-10-31
ReturnHeader/TaxYr02016

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