Cycle Oregon INC FY2024 filing

Portland, OR501(c)(4)EIN 93-1056645Revenue $1.5M in FY2024

On file with the IRScycleoregon.com55 Se Main St, 97214-3346 · Portland, ORTax-exempt since Mar 1993

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Cycle Oregon is a non-profit organization dedicated to transforming individuals and communities through bicycling.

92¢ of each $1 spent went to programs.
$134K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $92K a year · 8% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$134K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $150K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$31K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
-34% vs prior year
Spent
$1.8M
To programs
92%
Net assets
$196K
By yearFY2020–FY2025
Revenue
$1.5M
FY2024▼ -34%
Tap a bar for its year
Revenue by fiscal year
FY2020$487K
FY2021$561K
FY2022$2.3M
FY2023$2.3M
FY2024$1.5M
FY2025$0
Expenses
$1.8M
FY2024▼ -23%
Tap a bar for its year
Expenses by fiscal year
FY2020$668K
FY2021$651K
FY2022$2.2M
FY2023$2.3M
FY2024$1.8M
FY2025$196K
Net assets
$196K
FY2024▼ -57%
Tap a bar for its year
Net assets by fiscal year
FY2020$209K
FY2021$282K
FY2022$440K
FY2023$454K
FY2024$196K
FY2025$0

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1993.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $1.6M Management & general 8% · $137K

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

9 people listed on the 990; $134K paid to officers and key staff.

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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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

Transforms individuals and communities through bicycling.

Questions for Cycle Oregon INC

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Provided by the organization

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2 programs · $1.6M · in their 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

Funders

Who pays for it.

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

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Fees for servicesLn 2g$1.3M
Gifts and grantsLn 1h$142K
Other incomeLn 4–11$32K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.6M
Managementcol C$137K
Owns and owesPt X
$196K
net assets · Ln 32
Cash and savingsLn 1–2$1K
Total assetsLn 16$228K
LiabilitiesLn 26$31K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$142K
Government grantsLn 1e$105K
Noncash giftsLn 1g$36K
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$614
Other incomeLn 4–11$32K
Gains on assetsLn 7−$16K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$1K
Cash and savings togetherLn 1–2$1K
Land, buildings, equipmentLn 10c$130K
Other assetsLn 15$0
Total assetsLn 16$228K
LiabilitiesLn 26$31K
Net assetsLn 32$196K
OperationsPt I, VI
EmployeesI 55
VolunteersI 690
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$190K$1K
Land, buildings, equipmentLn 10c$197K$130K
Total assetsLn 16$605K$228K
LiabilitiesLn 26$151K$31K
Net assetsLn 32$454K$196K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$273K$273K
Pay of current officers, directors and key staffLn 5$29K$29K
Other salaries and wagesLn 7$256K$227K$29K
Pension plan contributionsLn 8$4K$4K
Other employee benefitsLn 9$25K$22K$3K
Payroll taxesLn 10$25K$20K$5K
Accounting feesLn 11c$38K$38K
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$57K$57K
Office expensesLn 13$28K$23K$6K
Information technologyLn 14$13K$10K$2K
OccupancyLn 16$85K$69K$17K
TravelLn 17$764$764
Depreciation, depletion and amortizationLn 22$51K$49K$1K
Other expenses (24a–d)Ln 24$889K$883K$6K
Total functional expensesLn 25$1.8M$1.6M$137K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $0$196K−$196K$0 990 PDF
FY2024 Viewing $1.5M$1.8M−$258K$196K 990 PDF
FY2023 $2.3M$2.3M$14K$454K 990 PDF
FY2022 $2.3M$2.2M$158K$440K 990 PDF
FY2021 $561K$651K−$90K$282K 990 PDF
FY2020 $487K$668K−$181K$209K 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 FY2024 990 (6 parts)
Part I · Summary $1,519,536 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $112,723$142,316
I-9 Program service revenuePrior year $2,118,917$1,344,729
I-10 Investment incomePrior year $4,359−$15,076
I-11 Other revenuePrior year $75,913$47,567
I-12 Total revenuePrior year $2,311,912$1,519,536
I-13 Grants and similar amounts paidPrior year $0$272,683
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $570,000$339,533
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,727,968$1,165,145
I-18 Total expensesPrior year $2,297,968$1,777,361
I-19 Revenue less expensesPrior year $13,944−$257,825
Part VI · Governance 8 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,519,536 across 9 lines filed
Lines not itemized here account for $29,910 of total revenue; see the IRS return.
VIII-1e Government grants$104,587
VIII-1f All other contributions, gifts and grants$37,729
VIII-1g Noncash contributions (included above)$36,479
VIII-1h Total contributions, gifts and grants$142,316
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,344,729$1,344,729
VIII-3 Investment incomeExcluded from tax $614$614
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$15,690−$15,690
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,313 · Excluded from tax $7,344$17,657
VIII-12 Total revenueRelated to mission $1,384,952 · Unrelated business $0 · Excluded from tax −$7,732$1,519,536
Part IX · Statement of functional expenses $1,777,361 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $272,683$272,683
IX-5 Pay of current officers, directors and key staffManagement $29,430$29,430
IX-7 Other salaries and wagesPrograms $227,217 · Management $28,553$255,770
IX-8 Pension plan contributionsPrograms $3,883$3,883
IX-9 Other employee benefitsPrograms $21,542 · Management $3,430$24,972
IX-10 Payroll taxesPrograms $20,314 · Management $5,164$25,478
IX-11c Accounting feesManagement $37,808$37,808
IX-11g Other fees for servicesPrograms $3,360$3,360
IX-12 Advertising and promotionPrograms $57,277$57,277
IX-13 Office expensesPrograms $22,862 · Management $5,566$28,428
IX-14 Information technologyPrograms $10,162 · Management $2,474$12,636
IX-16 OccupancyPrograms $68,721 · Management $16,732$85,453
IX-17 TravelManagement $764$764
IX-22 Depreciation, depletion and amortizationPrograms $49,420 · Management $1,101$50,521
IX-24 Other expenses (24a–d)Programs $882,988 · Management $5,910$888,898
IX-25 Total functional expensesPrograms $1,640,429 · Management $136,932 · Fundraising $0$1,777,361
Part X · Balance sheet $227,684 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $39,118$0
X-2 Savings and temporary cash investmentsStart of year $151,042$1,481
X-4 Accounts receivableStart of year $93,489$65,777
X-8 Inventories for sale or useStart of year $21,047$25,899
X-9 Prepaid expenses and deferred chargesStart of year $4,210$4,211
X-10c Land, buildings and equipment, netStart of year $196,526$130,316
X-15 Other assetsStart of year $99,518$0
X-16 Total assetsStart of year $604,950$227,684
X-17 Accounts payable and accrued expensesStart of year $25,858$31,467
X-25 Other liabilitiesStart of year $125,050$0
X-26 Total liabilitiesStart of year $150,908$31,467
X-27 Net assets without donor restrictionsStart of year $454,042$196,217
X-32 Total net assets or fund balancesStart of year $454,042$196,217
X-33 Total liabilities and net assetsStart of year $604,950$227,684
Part XI · Reconciliation of net assets $196,217 net assets at year end
XI-1 Total revenue$1,519,536
XI-2 Total expenses$1,777,361
XI-3 Revenue less expenses−$257,825
XI-4 Net assets at start of year$454,042
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$196,217

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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