2025-05-15T22:45:08-05:00 2024-06-30 201766527 WAUGH & GOODWIN LLP 2925 PROFESSIONAL PLACE STE 201 COLORADO SPRINGS CO 80904 990 2024-01-01 841529751 USA CYCLING DEVELOPMENT FOUNDATION USAC 7194344200 210 USA CYCLING POINT SUITE 100 COLORADO SPRINGS CO 80919 STEVE MCCAULEY CONTRACT CFO 7194344200 2025-05-15 1 0 RITA F CHRISTENSEN P00290681 7195909777 2025-05-15 2024 2025-03-06 01:10:19Z STEVE MCCAULEY 210 USA CYCLING POINT SUITE 100 COLORADO SPRINGS CO 80919 627428 0 X WWW.USACYCLING.ORG/FOUNDATION X 1994 CO TO PROVIDE FINANCIAL SUPPORT TO USA CYCLING. 22 22 0 5 0 0 3559518 534150 0 0 100821 44620 204984 888 3865323 579658 2509220 272082 0 0 0 0 0 0 206425 1026651 366503 3535871 638585 329452 -58927 4148514 4023579 427030 353948 3721484 3669631 TO PROVIDE FINANCIAL SUPPORT TO USA CYCLING, INC. 0 0 329250 272082 PROVIDED GRANTS & OTHER REIMBURSEMENTS TO USA CYCLING, INC., USA CYCLING CLUBS, AND ATHLETES FOR TRAINING AND COMPETITION EXPENSES AND MANAGEMENT SERVICES. 329250 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 32 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X X USA CYCLING DEVELOPMENT FOUNDATION 7194344200 210 USA CYCLING POINT SUITE 100 COLORADO SPRINGS CO 80919 X THOMAS WEISEL DIRECTOR 2.00 X 0 0 0 MICK HELLMAN VICE-PRESIDENT/SECRETARY 2.00 X X 0 0 0 MATTHEW BARGER PRESIDENT, CHAIRMAN OF THE 2.00 3.00 X X 0 0 0 MICHAEL LINN DIRECTOR 2.00 X 0 0 0 ROBERT L EMERY DIRECTOR 2.00 X 0 0 0 MICHAEL PATTERSON DIRECTOR 2.00 2.00 X 0 0 0 JOHN BUCKSBAUM DIRECTOR 2.00 X 0 0 0 MICHAEL D COLE DIRECTOR 2.00 X 0 0 0 ROBERT STAPLETON DIRECTOR 2.00 2.00 X 0 0 0 PRISCILLA WOODS DIRECTOR 2.00 X 0 0 0 DAVID HELFRICH DIRECTOR 2.00 X 0 0 0 JULIA VIOLICH TREASURER 2.00 2.00 X X 0 0 0 JAN SILVERBERG DIRECTOR 2.00 X 0 0 0 STEVEN VAN DER ZWAN DIRECTOR 2.00 X 0 0 0 ERICA BERTHOU DIRECTOR 2.00 X 0 0 0 GREGORY ALLEN DIRECTOR 2.00 X 0 0 0 ROBIN THURSTON DIRECTOR 2.00 X 0 0 0 JONATHAN MCNEILL DIRECTOR 2.00 X 0 0 0 AMY BROWN DIRECTOR 2.00 X 0 0 0 ANDY CLARKE DIRECTOR 2.00 X 0 0 0 DR SPENCER GUINN DIRECTOR 2.00 X 0 0 0 BRENDAN QUIRK FOUNDATION DIRECTOR AND CEO 2.00 X 0 0 0 SCOTT PATSIGA DIRECTOR 2.00 X 0 0 0 STEVE MCCAULEY DIRECTOR OF DONOR AND PROG 40.00 X 0 0 0 0 0 0 534150 534150 37169 37169 888 888 55221 47770 7451 7451 7451 579658 0 0 45508 X 265582 265582 6500 6500 233332 46741 68697 117894 5079 5079 5120 5120 1524 914 270 340 8042 603 888 6551 11848 3193 8655 41784 8455 12271 21058 47127 153 46974 2238 2238 OTHER EXPENSE 10409 455 5001 4953 638585 329250 102910 206425 660262 279641 284419 231917 321600 210900 115919 412017 16368 16368 0 0 2766314 2889104 4148514 4023579 58954 44918 368076 309030 427030 353948 X 2566564 2691858 1154920 977773 3721484 3669631 4148514 4023579 X -58927 82074 -75000 X X 0 1 X 0 0 X 2006989 1638150 2482322 3559518 534150 10221129 2006989 1638150 2482322 3559518 534150 10221129 2360925 7860204 69323 72686 79442 91198 38057 350706 10571835 1292649 0.74350 X PART II THE 2024 COLUMN IS FOR THE SHORT PERIOD 1/1/24 - 6/30/24 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16368 16368 0 0 DUE TO USA CYCLING, INC. 309030 309030 X 606612 82074 25000 107074 499538 5120 75000 80120 579658 658465 25000 25000 633465 5120 5120 638585 PART X, LINE 2: THE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, IS NOT SUBJECT TO FEDERAL INCOME TAX. ACCORDINGLY, NO INCOME TAX PROVISION HAS BEEN RECORDED. THE FOUNDATION'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS SUBJECT TO EXAMINATION BY VARIOUS TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THE DATE IT WAS FILED. MANAGEMENT OF THE FOUNDATION BELIEVES THAT IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: WRITE OFF OF PLEDGES NETTED WITH CONTRIBUTIONS SCHEDULE D, PAGE 4, PART XI, LINES 2D AND 4B INVESTMENT FEES REPORTED IN NET INVESTMENT INCOME ON AUDITED STATEMENTS 1 USA CYCLING INC 210 USA CYCLING POINT STE 100 COLORADO SPRINGS CO 80919 841284437 501(C)(3) 188835 0 SUPPORT OF CYCLING PROGRAMS TAM CYCLING PO BOX 875 KENTFIELD CA 94914 262810796 501(C)(3) 10000 0 JR ATHLETE DEVELOPMENT 2 HIGH PERFORMANCE GRANTS 1 6500 PART I, LINE 2: OTHER GRANTS: GRANT RECIPIENTS ARE REQUIRED TO PROVIDE INFORMATION ON BOARD OF DIRECTORS, COACHING STAFF, TRAINING PLANS, GRANT EXPENDITURE PLAN, ATHLETE PERFORMANCE UPDATES AND GOALS ACHIEVED THROUGHOUT THE PERIOD COVERED BY THE GRANT. USA CYCLING GRANTS: USA CYCLING DEVELOPMENT FOUNDATION DIRECTORS ARE CHOSEN BY THE FOUNDATION'S BOARD TO SIT ON THE USA CYCLING BOARD AND AS A USA CYCLING BOARD MEMBER, THEY RECEIVE FINANCIAL REPORTS ON USA CYCLING AND HOW IT SPENDS ITS MONEY. 0 1 1 PART I, LINE 32B: THE FOUNDATION HIRES USA CYCLING, INC. TO MANAGE THE FOUNDATION WHICH INCLUDES SOLICITING DONATIONS. SOME DONATIONS ARE IN THE FORM OF STOCK. FORM 990, PART VI, SECTION A, LINE 2 AN OFFICER/DIRECTOR OF THE ORGANIZATION WAS AN OFFICER/DIRECTOR OF AN INVESTMENT BANK AND SOME OTHER DIRECTORS MAY HAVE DEPOSITS WITH THAT INSTITUTION. FORM 990, PART VI, SECTION A, LINE 3 THE FOUNDATION HIRES USA CYCLING TO PROVIDE MANAGEMENT AND ADMINISTRATIVE SERVICES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS SENT TO THE ENTIRE BOARD OF DIRECTORS AND THEY ARE GIVEN A DATE TO GIVE COMMENTS BY. ANY MODIFICATION WILL BE MADE AND THEN THE 990 WILL BE SIGNED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C THE COMPLETION OF AN ANNUAL CONFLICT OF INTEREST FORM IS A PREREQUISITE FOR PARTICIPATION WITH USA CYCLING FOUNDATION. ANNUALLY, EACH APPROPRIATE PERSON WILL BE PROVIDED A DISCLOSURE STATEMENT FORM CONCERNING THE CONFLICT OF INTEREST POLICY. THESE FORMS ARE TO BE COMPLETED AND RETURNED TO THE EXECUTIVE DIRECTOR OF USA CYCLING FOUNDATION OR HIS OR HER DESIGNEE, EVEN IF THERE ARE NO CONFLICTS OF INTEREST. THE EXECUTIVE DIRECTOR WILL REVIEW THESE DISCLOSURES AND WILL MAINTAIN THIS INFORMATION IN CONFIDENCE. EACH INDIVIDUAL SHOULD OPENLY AND FORTHRIGHTLY IDENTIFY ANY AREAS THAT REPRESENT A POTENTIAL CONFLICT OF INTEREST. EACH INDIVIDUAL WILL DISCLOSE ALL OF THE DIRECTORSHIPS AND OFFICER POSITIONS HELD IN FOR-PROFIT OR NOT-FOR PROFIT ORGANIZATIONS, AS WELL AS ANY CONSULTING AND EMPLOYMENT RELATIONSHIPS IN ANY CONCERN WITH WHICH HE HAS REASON TO BELIEVE USA CYCLING AND/OR USA CYCLING FOUNDATION DOES BUSINESS WITH OR FROM WHICH USA CYCLING AND/OR USA CYCLING FOUNDATION WILL SECURE GOODS OR SERVICES, AND WHICH HE HAS REASON TO BELIEVE MAY BE AFFECTED BY HIS ACTIONS ON BEHALF OF USA CYCLING AND/OR USA CYCLING FOUNDATION OR ACTIONS OF USA CYCLING AND/OR USA CYCLING FOUNDATION. INDIVIDUAL OR FAMILY OWNERSHIP IN BUSINESS VENTURES WHERE MORE THAN FIVE PERCENT OF THE TOTAL VALUE OF THE COMPANY IS OWNED OR WHERE MORE THAN TEN PERCENT OF THE OUTSTANDING SHARES ARE OWNED, REQUIRES DISCLOSURE. EACH INDIVIDUAL WILL ALSO DISCLOSE FAMILY RELATIONSHIPS IN WHICH YOU OR YOUR IMMEDIATE FAMILY ARE EMPLOYED BY OR RENDER SERVICES TO ANY OUTSIDE CONCERN THAT DOES BUSINESS WITH USA CYCLING AND/OR USA CYCLING FOUNDATION. "FAMILY" IS DEFINED TO INCLUDE SPOUSE, CHILDREN, PARENTS, BROTHER AND SISTERS. EACH INDIVIDUAL WILL ALSO DISCLOSE ANY CONFIDENTIAL INFORMATION OF USA CYCLING AND/OR USA CYCLING FOUNDATION THAT HAS BEEN USED OR DISCLOSED FOR ANY PURPOSE OTHER THAN TO CARRY OUT THAT PERSON'S DUTIES. AS CONFLICTS OF INTEREST ARISE THROUGHOUT THE YEAR, EACH INDIVIDUAL MUST SUBMIT AN UPDATED DISCLOSURE FORM WITHIN 30 DAYS OF THE CONFLICT OF INTEREST ARISING. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES THEIR GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE FOUNDATION'S 990 IS AVAILABLE ON THE FOUNDATION'S WEBSITE. 990 PART IX THE SHORT-PERIOD RETURN HAS MUCH LOWER CONTRIBUTIONS AND GRANT EXPENDITURES THAN THE PRIOR CALENDAR YEAR. A LARGE PORTION OF CONTRIBUTIONS ARE RECEIVED IN DECEMBER AND GRANTS ARE PAID IN CORRELATION WITH THE CONTRIBUTIONS RECEIVED. THE COMPARISON TO PRIOR YEAR: JAN - DEC 2023 JAN - JUN 2024 CONTRIBUTION REVENUE 3,559,518 534,150 GRANT EXPENDITURES 2,509,220 272,082 TOTAL PROGRAM EXPENDITURES 2,661,888 329,250 TOTAL EXPENDITURES 3,535,871 638,585 PERCENTAGE OF PROGRAM TO TOTAL 75.3% 51.6% THE SMALLER CONTRIBUTION REVENUE IMPACTED THE AMOUNT OF GRANTS, HOWEVER THE MANAGEMENT AND GENERAL EXPENDITURES AND FUNDRAISING EXPENDITURES ARE RATABLE OVER THE PERIODS AND REPRESENTED A LARGER PERCENTAGE IN TH SHORT PERIOD. THIS DECREASE IN PROGRAM EXPENDITURE PERCENTAGE IS EXPECTED TO REVERSE WITH THE NEXT 12 MONTH YEAR. FORM 990, PART XI, LINE 9: WRITE OFF OF UNCOLLECTIBLE PLEDGES -75,000. PART XII LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.