GROW CYCLING FOUNDATION CORPORATION

EIN: 851436997 501(c)(3)

MCKINNEY, TX

Total Revenue
$357,870
Total Expenses
$371,317
Total Assets
$259,132
Net Assets
$259,132
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
DE
Principal Officer
JOI JACKSON
Phone
6302401383
Tax Period
2023-01-01 to 2023-12-31

GROW CYCLING FOUNDATION CORPORATION, founded in 2020, is a small nonprofit that reported $358K in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum.

Mission

GROW CYCLING FOUNDATION PROMOTES EDUCATION, ACCESS AND ECONOMIC EMPOWERMENT OPPORTUNITIES THAT INCREASE INCLUSION AND BELONGING IN CYCLING AND THE OUTDOORS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $357,716
Program Service Revenue $0
Investment Income $0
Other Revenue $154
TOTAL REVENUE $357,870

Expense Breakdown

Grants Paid $300,988
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $343,008
Other Expenses $70,329
TOTAL EXPENSES $371,317

Year-over-Year Comparison

2023 2022 Change
Revenue $357,870 $251,096 +0.4%
Expenses $371,317 $453,452 -0.2%
Net Income $-13,447 $-202,356 -0.9%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
12

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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATIE HOLDEN VICE-CHAIRMA 1.00
Officer Director
$0 $0 $0
ELIOT JACKSON FOUNDER & CH 1.00
Officer Director
$0 $0 $0
JOI JACKSON PRESIDENT 1.00
Officer Director
$0 $0 $0
GREG MINNAAR DIRECTOR 1.00
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 No data No data No data No data
2023 $357,870 $371,317 $259,132 $-13,447
2022 $251,096 $453,452 $272,579 $-202,356
2021 $486,300 $172,426 $474,935 $313,874
2020 $166,468 $5,407 $161,061 $161,061
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