People Cycle Inc

Nonprofit profile at a glance

EIN
582508155
IRS 990 coverage
2014–2024
Forms available
Form 990 2024, Form 990-EZ 2023
Location
Richmond, VA, USA
Phone
8042559230
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Amateur Sports

Official website

Reported finances

Revenue
$297,237
Expenses
$214,120
Assets
$118,583
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Highest reported compensation

  • MATTHEW KUHN (EXECUTIVE DI): $45,011 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Richmond cycling corps (rcc) uses cycling as our platform for change. We infuse ourselves; our passion, our values, our creativity, our drive, and our dedication into the lives of our youth. We have fun. We laugh. We teach. We learn. We promise our youth, that if they stay with richmond cycling corps, they will receive the tools and education necessary to pull themselves up out of poverty. We also promise our unconditional love and support to each youth. We will never break our promise. We will never become set in our ways; we will always be dynamic in our approach to changing youth lives. We are fearless in our approach to our purpose. We will not become tangled in red-tape, policy, politics, and talking heads. We will always deliver action, not messaging. Life is too short, and we, including our youth, have a lot to accomplish. We will always be passionate towards our purpose. Richmond cycling corps: can't stop. Won't stop.

What it reported doing in 2024

Rcc continued providing comprehensive coaching and mentoring services to youth living in public housing. The cycling program continued to reach 15 youth who were the beneficiaries of mentoring, employment opportunities, academic support, counseling, health and dental services, and pathways away from gangs, drug use, and violence. The academic support, which was expanded in 2017 and named legacy academy, includes a full-time school providing a low student-teacher ratio and a rich and varied curriculum. Armstrong bike park - the armstrong bike park is the nation's first and only inner-city mountain bike park. Constructed on a 10 acre abandoned field next to armstrong high school, within the public housing neighborhood of fairfield court, the 1.5 mile trail boasts 22 different skill- features. The park was launched as a training course for the armstrong cycling team - and equally important, a point of entry into mountain biking for inner- city area youth and richmond public school students. Cycling team - in february of 2014, rcc launched the nation's first and only inner-city high school cycling team out of armstrong high school. Refusing to become a novelty, the team trained hard, fostering solid results in their first year. In fact, the team produced two competitive varsity athletes right out of the blocks, with four women comprising a respected jv squad. This natural progression into the high school ranks, has proven instrumental towards our youth retention - as cycling is now available as a part of their high school experience - a recognized high school sport in the prestigious national interscholastic cycling association (nica).

Operating model

Revenue model
Donor-supported. 90% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 92
  • Accountability: 52
  • Sustainability: 57
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 65.1%; rating input score 65
  • Program expense ratio: 90.4%; rating input score 90
  • Fundraising efficiency: $33.86 raised per $1 spent on fundraising; rating input score 69; 69th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 80%; rating input score 80; 21st percentile among comparable filings
  • Governance controls: 1 of 8 controls in place; rating input score 12
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 28%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 0.55; rating input score 26; 26th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 21%; rating input score 18; 18th percentile among comparable filings

Growth

  • Program expense growth: -8.2% per year; rating input score 0; 13th percentile among comparable filings
  • Revenue growth: -13.9% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -19.5% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 65.1% of revenue deployed · 90.4% of spending went to programs
  • Governance: 4 of 5 board members independent · 1 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $194K in reported program spending
  • Leadership: top reported pay $45K · 5 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 7 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 6 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 26/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 18/100.