PEOPLE CYCLE INC

EIN: 582508155 501(c)(3) Recreation & Sports

RICHMOND, VA

Total Revenue
$297,237
Total Expenses
$214,120
Total Assets
$118,583
Net Assets
$118,583
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
VA
Principal Officer
MATTHEW KUHN
Phone
8042559230
Tax Period
2024-01-01 to 2024-12-31

PEOPLE CYCLE INC, founded in 2010, is a micro nonprofit in the Recreation & Sports sector that reported $12K in total revenue in fiscal year 2018. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $347K exceeded revenue, resulting in a 2873% operating deficit.

Mission

RICHMOND CYCLING CORPS PURPOSE IS TO CHANGE THE LIVES OF YOUTH WHO LIVE IN RICHMOND'S PUBLIC HOUSING PROJECTS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $268,388
Program Service Revenue $28,849
Investment Income $0
Other Revenue $0
TOTAL REVENUE $297,237

Expense Breakdown

Grants Paid $0
Salaries & Benefits $120,544
Fundraising Expenses $7,926
Program Expenses $193,576
Other Expenses $93,576
TOTAL EXPENSES $214,120

Year-over-Year Comparison

2024 2023 Change
Revenue $297,237 $183,193 +0.6%
Expenses $214,120 $202,374 +0.1%
Net Income $83,117 $-19,181 -5.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
6
Volunteers
15

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$45,011
Total Directors
5
$45,011
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW KUHN EXECUTIVE DI 40.00
Officer Director
$45,011 $0 $45,011
KATHY ANN HOOF BOARD CHAIR 1.00
Officer Director
$0 $0 $0
LAUREN KERN TREASURER 1.00
Officer Director
$0 $0 $0
NATIMA JONES VICE-CHAIR 1.00
Officer Director
$0 $0 $0
LAKESHIA ALLEN SECRETARY 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $297,237 $214,120 $118,583 $83,117
2022 $238,525 $236,207 $59,356 $2,318
2018 $11,681 $347,254 $116,024 $-335,573
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