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Lux Development Corp FY2020 filing

Thousand Oaks, CAUnknown exempt organization EIN 38-4005604Revenue $216K in FY2020

On file with the IRSluxcycling.com2630 Conejo Spectrum St · Thousand Oaks, CA

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To provide educational coaching & mentorship to young adults through the sport of cycling.

93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
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 deficit $2K a year · 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $47K
Looks good: 3 funders name it on their filings; 3 or more.
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
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$216K
Spent
$139K
To programs
93%
Net assets
$87K
By yearFY2020–FY2024
Revenue
$216K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$216K
FY2021$358K
FY2022$372K
FY2023$12K
FY2024$0
Expenses
$139K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$139K
FY2021$429K
FY2022$383K
FY2023$12K
FY2024$4K
Net assets
$87K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$87K
FY2021$15K
FY2022$3K
FY2023$4K
FY2024$0

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $129K Management & general 7% · $10K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Greg Anzalone
President, Treasurer, Member, Director
$0Pt VII · Sec A
Roy Knickman
Member, Director
$0Pt VII · Sec A
Dave Feldman
Secretary, Member, Director
$0Pt VII · Sec A
See Lux Development Corp executive salaries →

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Coaches and mentors young adults through the sport of cycling.

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Provided by the organization

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1 program · $129K · in their own filed words · FY2020
01

Coach, mentor and empower youth through cycling.

$129Kprogram 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 · FY2022
Pro Cyclist FoundationFY2022$25K
Fidelity Investments Charitable Gift FundFY2022$14K
USA Cycling Development FoundationFY2022$8K
Total grants receivedfrom 3 funders$47K
See all 3 funders →

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$216K
Ln 12
Gifts and grantsLn 1h$215K
Other incomeLn 4–11$1K
Money outPt IX
$139K
Ln 25
Programscol B$129K
Managementcol C$10K
Owns and owesPt X
$87K
net assets · Ln 32
Cash and savingsLn 1–2$87K
Total assetsLn 16$87K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$215K
Other incomeLn 4–11$1K
Total revenueLn 12$216K
Assets in detailPt X, end of year
CashLn 1$87K
Cash and savings togetherLn 1–2$87K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$87K
LiabilitiesLn 26$0
Net assetsLn 32$87K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$10K$87K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$10K$87K
LiabilitiesLn 26$0$0
Net assetsLn 32$10K$87K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$12K$6K$6K
Office expensesLn 13$286$286
Information technologyLn 14$7K$3K$3K
TravelLn 17$8K$8K
InterestLn 20$145$145
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$105K$105K
All other expensesLn 24e$4K$4K$210
Total functional expensesLn 25$139K$129K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $0$4K−$4K$0 990 PDF
FY2023 $12K$12K$150$4K 990 PDF
FY2022 $372K$383K−$12K$3K 990 PDF
FY2021 $358K$429K−$72K$15K 990 PDF
FY2020 Viewing $216K$139K$77K$87K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $215,907 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $192,982$214,855
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $5,016$1,052
I-12 Total revenuePrior year $197,998$215,907
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $186,408$139,351
I-18 Total expensesPrior year $186,408$139,351
I-19 Revenue less expensesPrior year $11,590$76,556
Part VI · Governance 2 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $215,907 across 4 lines filed
VIII-1f All other contributions, gifts and grants$214,855
VIII-1h Total contributions, gifts and grants$214,855
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,052$1,052
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,052$215,907
Part IX · Statement of functional expenses $139,351 across 8 lines filed
IX-11a Management feesPrograms $6,000 · Management $5,999$11,999
IX-13 Office expensesManagement $286$286
IX-14 Information technologyPrograms $3,439 · Management $3,438$6,877
IX-17 TravelPrograms $8,465$8,465
IX-20 InterestManagement $145$145
IX-23 InsurancePrograms $2,124$2,124
IX-24 Other expenses (24a–d)Programs $105,142$105,142
IX-24e All other expensesPrograms $4,103 · Management $210$4,313
IX-25 Total functional expensesPrograms $129,273 · Management $10,078 · Fundraising $0$139,351
Part X · Balance sheet $86,943 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $10,387$86,943
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $10,387$86,943
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $10,387$86,943
X-33 Total liabilities and net assetsStart of year $10,387$86,943
Part XI · Reconciliation of net assets $86,943 net assets at year end
XI-1 Total revenue$215,907
XI-2 Total expenses$139,351
XI-3 Revenue less expenses$76,556
XI-4 Net assets at start of year$10,387
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$86,943

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

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