Cycle Oregon INC EIN 93-1056645 Form 990 (PDF) Claim this org

Cycle Oregon INC

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Transforms individuals and communities through bicycling. For fiscal year 2024 it reported $1.5M in revenue, $1.8M in expenses, and $196K in net assets.Pt I

Type
Membership association · Nonprofit
Location
Portland, OR
Website
www.cycleoregon.com
Filings
5 on file (2020–2024)
Revenue
$1.5MFY2024
Expenses
$1.8M
Net assets
$196K
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  93-1056645 Membership association Portland, OR
Form 990 (PDF)
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Size
$1–10M
What they do
Transforms individuals and communities through bicycling.
Leadership
Steve Schulz · Executive Director · $134K
Money in and out
$1.5M revenue, $1.8M expenses
Bottom line
-17% operating surplus
Membership & operating revenue · FY2024
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$1.8M
Pt IX · Ln 25
Net assets
$196K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$258K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08
Operating surplus
-17%
revenue over expenses▼ -2913% vs prior filing year
Earned revenue
88%
of revenue from program services & dues▼ -3% vs prior filing year
Payroll share
19%
of spending is salaries & benefits▼ -23% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.5M
FY2024▼ -34%
Expenses
$1.8M
FY2024▼ -23%
Total assets
$228K
FY2024▼ -62%
Total liabilities
$31K
FY2024▼ -79%
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$1.8M
Pt IX · Ln 25
Net assets
$196K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$258K
Total assetsPt X · Ln 16$228K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCycle Oregon INC
EINHdr · item D93-1056645
Principal addressHdr · item CPortland, OR
WebsiteHdr · item Jwww.cycleoregon.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOR
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1993

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
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
Executive Director
$133,839Pt VII · Sec A
Board Vice President
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Steve Schulz$133,839$141,822$125,250$120,100$111,895

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

2 program services account for $1.6M of program spending, described in the organization's own filed words · FY2024.
01

Promote Bicyce Tourism

Organize fully-supported bicycle tours that showcase rural oregon communities and geography. In 2024 we hosted 4 events throughout oregon, bringing 1000 people to experience eastern oregon, central oregon and the willamette valley.

$1.4Mprogram expense
02

Strategically Invest in Oregon

Cycle oregon advised the oregon community foundation cycle oregon fund to award 5 grants totalling $427,500. Awarded projects focused on bicycle education and saftety, bike giveaways and infrastructure .

$215Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$1.3M · 88%
Contributions & grants$142K · 9%
Other revenue$32K · 2%
Program service revenue88%$1.3M
Contributions & grants9%$142K
Other revenue2%$32K
— government grantsLn 1e$105K
Total revenueLn 12$1.5M

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%$1.6M
Management & general8%$137K
Total functional expensesLn 25$1.8M

Balance Sheet

Part X · end of year
CashLn 1$1K
Total assetsLn 16$228K
Total liabilitiesLn 26$31K
Total net assetsLn 32$196K
Months of cash on handcomputed0.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1K · Operating expenses (Pt IX) $1.8M · Less non-cash grants $36K · Cash operating expenses/yr $1.7M
0.0 months
Where the money goes
Program services
Program services $1.6M · Total expenses $1.8M
92%
Management & General
Management & general $137K · Total expenses $1.8M
8%
Fundraising
Fundraising $0 · Total expenses $1.8M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $8K · Solicited contributions (3-yr avg) $56K
$0.14 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $142K · Total revenue $1.5M
9%
Government reliance
Government grants $105K · Total revenue $1.5M
7%
Earned-income share
Program service revenue $1.3M · Total revenue $1.5M
88%
Investment reliance
Investment income $-15K · Total revenue $1.5M
-1.0%
Program self-sufficiency
Program service revenue $1.3M · Total expenses $1.8M
76%
Growth & trend
Revenue growth (YoY)
This year $1.5M · Prior year $2.3M
-34%
Revenue CAGR
FY2020 $487K · FY2024 $1.5M
+33%
Net-asset trend (YoY)
End of year $196K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.5M · Expenses $1.8M
-17%
Liabilities-to-Assets
Total liabilities — · Total assets $228K
Net-asset ratio
Net assets $196K · Total assets $228K
86%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $228K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Steve Schulz · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $134K · Total expenses $1.8M
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $340K · Total expenses $1.8M
19%
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 -34%
Accounting fee ratio 2%

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 · FY2020
Total grants receivedfrom 1 funder$150K
Grants paid · 1 grant · $273K · 2024–2024
Cycle Oregon FoundationOR · FY2024$272,683

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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)$1.5M revenue · viewing · ⤓ 990 PDF
FY2023$2.3M revenue · ⤓ 990 PDF
FY2022$2.3M revenue · ⤓ 990 PDF
FY2021$561K revenue · ⤓ 990 PDF
FY2020$487K 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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