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Fast Track Cycling FY2020 filing

Tax-deductible

Chagrin Falls, OH501(c)(3)Recreation & Sports EIN 30-0421279Revenue $17K in FY2020Latest return filed Nov 17, 2025

On file with the IRSfasttrackcycling.orgChagrin Falls, OHTax-exempt since Jun 2008Publicly supported — 509(a)(2)

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To raise funding for and to develop, promote, and sustain the operations of a velodrome in the Cleveland OH region. Promote youth cycling development and community based education.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $2K a year · 8% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$17K
Spent
$21K
To programs
100%
Net assets
$4K
By yearFY2020–FY2024
Revenue
$17K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$17K
FY2021$20K
FY2022$15K
FY2023$27K
FY2024$33K
Expenses
$21K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$21K
FY2021$13K
FY2022$15K
FY2023$30K
FY2024$23K
Net assets
$4K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$4K
FY2021$10K
FY2022$10K
FY2023$7K
FY2024$17K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $21K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Fast Track Cycling executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Fundraising and promoting a velodrome to develop youth cycling and community education.

Questions for Fast Track Cycling

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Your first name shows with your question. Fast Track Cycling answers here, for everyone.

1 program · $21K · in their own filed words · FY2020
01

Fast Track Cycling owns and operates a velodrome bike track. Youth cycling is promoted.

$21Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Amazonsmile FoundationFY2023$16
Total grants receivedfrom 1 funder$16

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$17K
Ln 12
Fees for servicesLn 2g$17K
Money outPt IX
$21K
Ln 25
Programscol B$21K
Owns and owesPt X
$4K
net assets · Ln 32
Cash and savingsLn 1–2$244
Total assetsLn 16$4K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$17K
Total revenueLn 12$17K
Assets in detailPt X, end of year
CashLn 1$244
Cash and savings togetherLn 1–2$244
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$4K
LiabilitiesLn 26$0
Net assetsLn 32$4K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$4K$244
Land, buildings, equipmentLn 10c$4K$4K
Total assetsLn 16$8K$4K
LiabilitiesLn 26$0$0
Net assetsLn 32$8K$4K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$5K$5K
Advertising and promotionLn 12$1K$1K
OccupancyLn 16$10K$10K
TravelLn 17$33$33
Depreciation, depletion and amortizationLn 22$705$705
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$21K$21K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 17, 2025 $33K$23K$10K$17K 990 PDF
FY2023Filed with the IRS Nov 13, 2024 $27K$30K−$3K$7K 990 PDF
FY2022Filed with the IRS Nov 14, 2023 $15K$15K−$196$10K 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $20K$13K$6K$10K 990 PDF
FY2020 ViewingFiled with the IRS Nov 14, 2021 $17K$21K−$5K$4K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $16,542 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,127$0
I-9 Program service revenuePrior year $15,982$16,542
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $17,109$16,542
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $33,805$21,097
I-18 Total expensesPrior year $33,805$21,097
I-19 Revenue less expensesPrior year −$16,696−$4,555
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $16,542 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,542$16,542
VIII-12 Total revenueRelated to mission $16,542 · Unrelated business $0 · Excluded from tax $0$16,542
Part IX · Statement of functional expenses $21,097 across 7 lines filed
IX-11a Management feesPrograms $4,984$4,984
IX-12 Advertising and promotionPrograms $1,065$1,065
IX-16 OccupancyPrograms $10,459$10,459
IX-17 TravelPrograms $33$33
IX-22 Depreciation, depletion and amortizationPrograms $705$705
IX-23 InsurancePrograms $2,539$2,539
IX-24 Other expenses (24a–d)Programs $1,312$1,312
IX-25 Total functional expensesPrograms $21,097 · Management $0 · Fundraising $0$21,097
Part X · Balance sheet $3,909 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $4,094$244
X-10c Land, buildings and equipment, netStart of year $4,370$3,665
X-16 Total assetsStart of year $8,464$3,909
X-26 Total liabilitiesStart of year $0$0
X-31 Retained earnings or endowmentStart of year $8,464$3,909
X-32 Total net assets or fund balancesStart of year $8,464$3,909
X-33 Total liabilities and net assetsStart of year $8,464$3,909
Part XI · Reconciliation of net assets $3,909 net assets at year end
XI-1 Total revenue$16,542
XI-2 Total expenses$21,097
XI-3 Revenue less expenses−$4,555
XI-4 Net assets at start of year$8,464
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,909

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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