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)

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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.

Program Service Accomplishments

Program 1
Expenses: $343,008 Revenue: $677

GROW CYCLING FOUNDATION ACHIEVED A SPECTACULAR MILESTONE IN 2023 WHEN WE OPENED THE VERY FIRST PUBLIC PUMPTRACK IN LOS ANGELES ON SEPTEMBER 24TH, 2023 OUR OPENING DAY EVENT BEGAN WITH A RIBBON...

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GROW CYCLING FOUNDATION ACHIEVED A SPECTACULAR MILESTONE IN 2023 WHEN WE OPENED THE VERY FIRST PUBLIC PUMPTRACK IN LOS ANGELES ON SEPTEMBER 24TH, 2023 OUR OPENING DAY EVENT BEGAN WITH A RIBBON CUTTING CEREMONY BY THE MAYOR AND CITY LEADERSHIP ALONG WITH NATIONAL AND INTERNATIONAL PROFESSIONAL ATHLETES, GLOBAL BRANDS, AND HUNDREDS OF DONORS AND SUPPORTERS. WE WELCOMED OVER 1,000 LA CHILDREN AND FAMILIES OF ALL AGES, BACKGROUNDS AND BIKE DISCIPLINES WHO CAME OUT TO RIDE THEIR BIKES AND SHARE IN THE JOY AND CELEBRATION OF FUN, SAFE CYCLING TOGETHER. GROW RAISED 100% OF THE FUNDS TO FINANCE AND DEVELOP OUR PUMPTRACK, MANAGED ALL GOVERNMENT AND REGULATORY APPROVALS ALONG WITH THE COMPLETE DESIGN, CONSTRUCTION AND COMPLETION OF THE CAPITAL PROJECT. WE SELECTED THE LOCATION OF THE INGLEWOOD PUMPTRACK TO BE BUILT IN A BEAUTIFUL, 55-ACRE PARK IN THE HEART OF INGLEWOOD, ONE OF THE MOST DIVERSE AND FASTED GROWING COMMUNITIES IN AMERICA. GROW'S INGLEWOOD PUMPTRACK IS AN ENVIRONMENTALLY SUSTAINABLE, COMMUNITY-BUILDING RECREATIONAL HUB, FORECASTED TO SERVE 250,000 PEOPLE/YEAR, MOSTLY KIDS. WE HAVE BEEN NAMED ONE OF THE TOP OUTDOOR DESTINATIONS IN LOS ANGELES BY VOX MEDIA/THRILLIST MAGAZINE. THE INGLEWOOD PUMPTRACK IS A POPULAR AND SIGNIFICANT PART OF THE CITY'S FAMOUS "SPORTS CAPITAL OF AMERICA" VENUES. WE ARE GROUND ZERO FOR SAFE YOUTH DISCOVERY AND EXPLORATION IN LOS ANGELES FOR MODERN, URBAN ACCESSIBLE CYCLING SPACES. OUR PROGRAMMING WILL DEVELOP AND PROVIDE PATHWAYS OF EDUCATION AND ACCESS TO ASPIRATIONAL AND FULFILLING CAREER DEVELOPMENT, ENTRY POINTS TO WORLD CHAMPIONSHIP RACING AND OLYMPIC EVENTS, AS WELL AS THE LIFELONG HEALTH, MENTAL WELLNESS AND SOCIAL BENEFITS OF CYCLING. OUR MILESTONE ACHIEVEMENT REPRESENTS WHAT THE CYCLING COMMUNITY AND INNOVATIVE COMMUNITIES LIKE INGLEWOOD CAN ACHIEVE WHEN WE COME TOGETHER. GROW'S JOB'S BOARD ATTRACTED OVER 11,000 APPLICANTS FOR ITS ASPIRATIONAL AND FULFILLING ACCESS TO JOBS WHERE FUN, HEALTHY, INCLUSIVE COMMUNITY- ORIENTED CYCLING CULTURE IS ENJOYED, EMBRACED AND/OR INTEGRATED IN CAREERS RANGING FROM ENTRY-LEVEL MECHANICS TO C-SUITE LEVEL POSITIONS AT GLOBAL BRANDS AND COMPANIES. OUR OUTREACH TO PROMOTE MORE BELONGING FOR WOMEN INCLUDE HYBRID AND REMOTE WORK FOR NEW AND/OR WORKING MOMS AND MORE DISCOVERY ACCESS FOR WOMEN WHO HAVE NEVER CONSIDERED WORKING PROFESSIONALLY IN CYCLING BEFORE. GROW PROVIDES AWARD WINNING RESEARCH-BASED EDUCATIONAL PROGRAMS TO INGLEWOOD PUBLIC SCHOOLS THAT NOT ONLY HELP STUDENTS LEARN TO RIDE AND DEVELOP SAFE CYCLING SKILLS, BUT ALSO FOCUS ON THE PHYSICAL, BEHAVIORAL AND MENTAL HEALTH BENEFITS OF CYCLING FOR CHILDREN. WE PARTNER WITH UCLA TO HELP US COLLECT DATA AND MEASURE RESULTS IN OUR RESEARCH-BASED PROGRAMS. STUDENTS SHOW INCREASED ATTENDANCE ON CYCLING DAYS, AND REPORT BETTER SLEEP, BETTER FOCUS IN CLASS AND FEELING HAPPIER WHEN THEY CYCLE.

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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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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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