Rip City Riders EIN 80-0239845 Form 990 (PDF) Claim this org

Rip City Riders

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Supports local charities and communities through events and donations. For fiscal year 2024 it reported $54K in revenue, $73K in expenses, and $545K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Petaluma, CA
Website
www.ripcityriders.org
Filings
5 on file (2020–2024)
Revenue
$54KFY2024
Expenses
$73K
Net assets
$545K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  80-0239845 Public foundation / grantmaker Petaluma, CA
Form 990 (PDF)
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Size
<$100K
What they do
Supports local charities and communities through events and donations.
Leadership
Rob Anello · President
Money in and out
$54K revenue, $73K expenses
Bottom line
92% program efficiency
Grants paid & assets · FY2024
Total revenue
$54K
Pt VIII · Ln 12
Total expenses
$73K
Pt IX · Ln 25
Net assets
$545K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$19K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08
Program efficiency
92%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
17.6mo
months of highly liquid reserves at operating expense rate▲ +60% vs prior filing year
Surplus margin
-34%
revenue over expenses, this year▲ +34% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$54K
FY2024▼ -35%
Expenses
$73K
FY2024▼ -43%
Total assets
$820K
FY2024▼ -4%
Total liabilities
$274K
FY2024▼ -4%
Total revenue
$54K
Pt VIII · Ln 12
Total expenses
$73K
Pt IX · Ln 25
Net assets
$545K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$19K
Total assetsPt X · Ln 16$820K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRip City Riders
EINHdr · item D80-0239845
Principal addressHdr · item CPetaluma, CA
WebsiteHdr · item Jwww.ripcityriders.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFAug 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

2 program services account for $67K of program spending, described in the organization's own filed words · FY2024.
01

Two motorcycle events that raised a combined net income of 82,155. This enabled the organization to donate 44,000 to other organizations in sonoma and marin counties that provide aid to the local communities.

$67Kprogram expense
02

Monthly meetings and group activities that strive to establish a positive image for motorcycle enthusiasts.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$92K · 169%
Program service revenue$24K · 45%
Contributions & grants169%$92K
Program service revenue45%$24K
Investment income$92
Total revenueLn 12$54K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08
Program services92%$67K
Management & general8%$6K
Total functional expensesLn 25$73K

Balance Sheet

Part X · end of year
CashLn 1$107K
Total assetsLn 16$820K
Total liabilitiesLn 26$274K
Total net assetsLn 32$545K
Months of cash on handcomputed17.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $107K · Operating expenses/yr $73K
17.6 months
Where the money goes
Program services
Program services $67K · Total expenses $73K
92%
Management & General
Management & general $6K · Total expenses $73K
8%
Fundraising
Fundraising $0 · Total expenses $73K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $94K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $92K · Total revenue $54K
169%
Government reliance
Government grants — · Total revenue $54K
Earned-income share
Program service revenue $24K · Total revenue $54K
45%
Investment reliance
Investment income $92 · Total revenue $54K
+0.2%
Program self-sufficiency
Program service revenue $24K · Total expenses $73K
33%
Growth & trend
Revenue growth (YoY)
This year $54K · Prior year $84K
-35%
Net-asset trend (YoY)
End of year $545K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $54K · Expenses $73K
-34%
Liabilities-to-Assets
Total liabilities — · Total assets $820K
Net-asset ratio
Net assets $545K · Total assets $820K
67%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $820K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Rob Anello · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $73K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $73K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 8%
Fundraising cost ratio 0%
Revenue growth -35%
Legal fee ratio 0.7%
Accounting fee ratio 0.6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$6K
Grants paid · 11 grants · $154K · 2021–2024
Polly Klaas FoundationCA · FY2024$15,000
Care Partners InitiativeCA · FY2024$10,000
Polly Klaas FoundationCA · FY2023$30,000
Polly Klaas FoundationCA · FY2022$15,000
Gilead HouseCA · FY2022$10,000
Polly Klaas FoundationCA · FY2021$27,250

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$54K revenue · viewing · ⤓ 990 PDF
FY2023$84K revenue · ⤓ 990 PDF
FY2022$87K revenue · ⤓ 990 PDF
FY2021$79K revenue · ⤓ 990 PDF
FY2020$8K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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