Civic Intelligence

Bicycle Industry Employers Association

EIN 84-4103544 • 501(c)3 • Virginia Beach, VA

Pub. 78 Eligible

Profile

Connecting the needs of bicycle industry employers with regionally accredited colleges to develop smart, cost-effective programs for both schools and students.

2028 Virginia Beach Blvd Ste 1010Virginia Beach, VA 23454

www.biea.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

5th percentile

-340%

Higher net margin than 5% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

30th percentile

-23%

Faster asset growth than 30% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

9th percentile

-83%

Faster revenue growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$59,106

Down $17,178 (-23%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$59,106

Down $17,178 (-23%) from 2023

Operations
Liabilities / Revenue62nd percentileNet Margin5th percentile

Revenue

Down

$5,045

Down $25,333 (-83%) from 2023

Expenses

Down

$22,223

Down $17,030 (-43%) from 2023

Net Income

Down

-$17,178

Down $8,303 (-94%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth30th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2020: $73,109Liabilities 2020: $0Net Assets 2020: $73,1092020Assets 2021: $158,776Liabilities 2021: $0Net Assets 2021: $158,7762021Assets 2022: $85,159Liabilities 2022: $0Net Assets 2022: $85,1592022Assets 2023: $76,284Liabilities 2023: $0Net Assets 2023: $76,2842023Assets 2024: $59,106Liabilities 2024: $0Net Assets 2024: $59,1062024

Highlighted filing

2024

Assets$59,106
Liabilities$0
Net Assets$59,106
Open 2024 Filing

Operations Trend

Revenue Growth9th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2020: $112,254Expenses 2020: $39,145Net Income 2020: $73,1092020Revenue 2021: $298,562Expenses 2021: $212,895Net Income 2021: $85,6672021Revenue 2022: $258,016Expenses 2022: $331,633Net Income 2022: -$73,6172022Revenue 2023: $30,378Expenses 2023: $39,253Net Income 2023: -$8,8752023Revenue 2024: $5,045Expenses 2024: $22,223Net Income 2024: -$17,1782024

Highlighted filing

2024

Revenue$5,045
Expenses$22,223
Net Income-$17,178
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$59,106
Liabilities
$0
Net assets
$59,106
Revenue
$5,045
Expenses
$22,223
Net income
-$17,178
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.00$0.59$0.05$0.22$0.17
2023Detailed filing. Detailed filing data is available for this year.$0.76$0.00$0.76$0.30$0.39$0.09
2022Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$2.58$3.32$0.74
2021Detailed filing. Detailed filing data is available for this year.$1.59$0.00$1.59$2.99$2.13$0.86
2020Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.73$1.12$0.39$0.73
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$5,045
Mission and Program Overview

Mission

Connecting the needs of bicycle industry employers with regionally accredited colleges to develop smart, cost-effective programs for both schools and students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$76,284$59,106▼ $17,178
Rtn Earn Endowment Incm Other Fnds$76,284$59,106▼ $17,178
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$76,284$59,106▼ $17,178
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$76,284$59,106▼ $17,178
Total Liabilities and Net Assets / Fund Balance$76,284$59,106▼ $17,178
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
David OlsonChair
Wayne SouzaVice Chair
Alison TetrickOutreach Director
Nickel PotterRegional Director
Rickey StrawnRegional Director
Stacey WilhelmRegional Director
Matt AdamsTechnical Director
Revenue and Support

Revenue Composition

Contributions and Grants
$5,045
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-17,178
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$22,223
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
Advertising$10,814--$10,814
Travel$6,336--$6,336
Fees for Services Accounting-$1,188-$1,188
Other Expenses$3--$3
Total Functional Expenses$21,035$1,188$0$22,223
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
Business relationship with 35% controlled entity
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 A, Line 8A

“Board meeting minutes have not been kept because as all communication for the past four years has been via email.”

Form 990, Part VI, Section A, Line 8B

“Board meeting minutes have not been kept because as all communication for the past four years has been via email.”

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

“Form 990 is reviewed by board of directors prior to signature and filing.”

Form 990, Part VI, Section C, Line 19

“All governing documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Bicycle Industry Employers Association
EIN
84-4103544
Phone
6129653400
Address
2028 VIRGINIA BEACH BLVD STE 1010, VIRGINIA BEACH, VA 23454

Signing Officer

Name
David Olson
Title
Chair
Phone
6129653400
Signed
2025-11-14

Organization Details

Principal Officer
David Olson
Formed
2020
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
2

Preparer

Firm
Froehling Anderson Ltd
Address
400 HIGHWAY 169 SOUTH - SUITE 400, MINNEAPOLIS, MN 55426
Preparer
Robb Prestholdt CPA
Phone
9529793100
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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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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0400 HIGHWAY 169 SOUTH - SUITE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055426
ReturnHeader/PreparerPersonGrp/PhoneNum09529793100
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBB PRESTHOLDT CPA
ReturnHeader/ReturnTs02025-11-17T08:39:10-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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