Sacred Cycle INC FY2020 filing

Tax-deductible

Avon, CO501(c)(3)Mental HealthEIN 81-1114192Revenue $72K in FY2020

On file with the IRSthesacredcycle.orgPo Box 2558, 81620-2558 · Avon, COTax-exempt since Feb 2016Publicly supported charity — 170(b)(1)(A)(vi)

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Sacred Cycle is healing our community by empowering survivors of sexual abuse and sexual assault, through therapy and cycling; creating a sacred cycle of recovery.

501(c)(3) charity; gifts are tax-deductible.
46¢ of each $1 spent went to programs.
$26K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $7K a year · 14% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
46%
of spending
Concern: 46% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$26K
to officers and key staff · 37% of spending
Concern: pay to officers and key staff is 37% of spending; over 30%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $90
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$11K
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$72K
Spent
$69K
To programs
46%
Net assets
$21K
By yearFY2020–FY2023
Revenue
$72K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$72K
FY2021$63K
FY2022$50K
FY2023$33K
Expenses
$69K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$69K
FY2021$76K
FY2022$32K
FY2023$11K
Net assets
$21K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$21K
FY2021$8K
FY2022$28K
FY2023$49K

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 (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Feb 2016.

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

Where the money goes

46 cents of each dollar spent went to programs.

Program services 46% · $32K Management & general 44% · $30K Fundraising 10% · $7K

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

7 people listed on the 990; $26K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$26,000Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A

Clare Hefferen’s $26K as Executive Director is at the 61st percentile of top reported officer pay among 185 <$100K mental health nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowering survivors of sexual abuse through therapy and cycling for healing and recovery.

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Provided by the organization

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1 program · $32K · in their own filed words · FY2020
01

Since inception in 2013, Sacred Cycle has helped survivors of sexual assault through therapy and mountain biking. As a result of the impact of COVID-19, the number of participants in the program were lower than previous years.In 2020, we were able to put two survivors through our program.

$32Kprogram 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
Total grants receivedfrom 1 funder$90

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$72K
Ln 12
Gifts and grantsLn 1h$75K
Fees for servicesLn 2g$501
Money outPt IX
$69K
Ln 25
Programscol B$32K
Managementcol C$30K
Fundraisingcol D$7K
Owns and owesPt X
$21K
net assets · Ln 32
Cash and savingsLn 1–2$23K
Total assetsLn 16$32K
LiabilitiesLn 26$11K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$75K
Government grantsLn 1e$1K
Noncash giftsLn 1g$27K
Fees for servicesLn 2g$501
Total revenueLn 12$72K
Assets in detailPt X, end of year
CashLn 1$23K
Cash and savings togetherLn 1–2$23K
Land, buildings, equipmentLn 10c$7K
Total assetsLn 16$32K
LiabilitiesLn 26$11K
Net assetsLn 32$21K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
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$10K$23K
Land, buildings, equipmentLn 10c$7K
Total assetsLn 16$19K$32K
LiabilitiesLn 26$0$11K
Net assetsLn 32$19K$21K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$32K$18K$13K$1K
Advertising and promotionLn 12$955$955
Information technologyLn 14$2K$1K$596
TravelLn 17$200$200
Depreciation, depletion and amortizationLn 22$690$690
InsuranceLn 23$1K$551$551
Other expenses (24a–d)Ln 24$4K$640$2K$2K
All other expensesLn 24e$28K$12K$14K$2K
Total functional expensesLn 25$69K$32K$30K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $33K$11K$22K$49K 990 PDF
FY2022 $50K$32K$18K$28K 990 PDF
FY2021 $63K$76K−$13K$8K 990 PDF
FY2020 Viewing $72K$69K$2K$21K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $71,937 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $45,411$75,097
I-9 Program service revenue$501
I-10 Investment income$0
I-11 Other revenue−$3,661
I-12 Total revenuePrior year $45,411$71,937
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 expenses$69,470
I-18 Total expenses$69,470
I-19 Revenue less expensesPrior year $45,411$2,467
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $71,937 across 7 lines filed
Lines not itemized here account for −$1,033 of total revenue; see the IRS return.
VIII-1e Government grants$1,000
VIII-1f All other contributions, gifts and grants$74,097
VIII-1g Noncash contributions (included above)$27,186
VIII-1h Total contributions, gifts and grants$75,097
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $501$501
VIII-8 Net income from fundraising eventsExcluded from tax −$2,628−$2,628
VIII-12 Total revenueRelated to mission −$532 · Unrelated business $0 · Excluded from tax −$2,628$71,937
Part IX · Statement of functional expenses $69,470 across 8 lines filed
IX-11g Other fees for servicesPrograms $17,681 · Management $13,000 · Fundraising $1,170$31,851
IX-12 Advertising and promotionFundraising $955$955
IX-14 Information technologyManagement $1,378 · Fundraising $596$1,974
IX-17 TravelPrograms $200$200
IX-22 Depreciation, depletion and amortizationPrograms $690$690
IX-23 InsurancePrograms $551 · Management $551$1,102
IX-24 Other expenses (24a–d)Programs $640 · Management $1,900 · Fundraising $1,921$4,461
IX-24e All other expensesPrograms $12,468 · Management $13,545 · Fundraising $2,224$28,237
IX-25 Total functional expensesPrograms $32,230 · Management $30,374 · Fundraising $6,866$69,470
Part X · Balance sheet $32,099 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $9,854$22,607
X-4 Accounts receivableStart of year $435$250
X-8 Inventories for sale or useStart of year $9,180$2,342
X-10c Land, buildings and equipment, net$6,900
X-16 Total assetsStart of year $19,469$32,099
X-17 Accounts payable and accrued expenses$1,095
X-25 Other liabilities$10,400
X-26 Total liabilitiesStart of year $0$11,495
X-27 Net assets without donor restrictionsStart of year $542$6,930
X-28 Net assets with donor restrictionsStart of year $18,927$13,674
X-32 Total net assets or fund balancesStart of year $19,469$20,604
X-33 Total liabilities and net assetsStart of year $19,469$32,099
Part XI · Reconciliation of net assets $20,604 net assets at year end
XI-1 Total revenue$71,937
XI-2 Total expenses$69,470
XI-3 Revenue less expenses$2,467
XI-4 Net assets at start of year$19,469
XI-6 Donated services and use of facilities$3,535
XI-8 Prior period adjustments−$4,867
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$20,604

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

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