Grow Cycling Foundation Corporation

What it reported doing in 2024

Grow cycling raised 100% of the funds to finance and develop the very first public pumptrack in los angeles, 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 cycling also delivered community cycling clinics, outreach events, and engagement programs to expand access and encourage healthy, active lifestyles. These initiatives provided hundreds of children and families with opportunities to learn bike skills, develop confidence, and build a sense of belonging, while also showing that cycling can be a durable pathway to health and opportunity. We are courageous int he infrastructure we build, taking on projects others had not attempted until we did. Since the first los angeles pumptrack build, multiple new pumptracks across southern California and the u.s. Have been initiated, demonstrating the catalytic effect of our award-winning eladership and the replicability of our model.

Financial Efficiency

• Mission deployment rate: 95.5%; rating input score 96
• Program expense ratio: 88.8%; rating input score 89
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 90%; rating input score 90; 9th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: 97.7%; rating input score 98; 57th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 57.1%; rating input score 57; 17th percentile among comparable filings
• Governance controls: 5 of 7 controls in place; rating input score 71
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 4.8%; rating input score 50; 50th percentile among comparable filings
• Total-asset coverage ratio: 1.91; rating input score 58; 58th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

• Program expense growth: 19.2% per year; rating input score 100; 83rd percentile among comparable filings
• Revenue growth: -6% per year; rating input score 0; 9th percentile among comparable filings
• Asset growth: -0.2% per year; rating input score 0; 24th percentile among comparable filings