2024-11-15T13:09:46-06:00 2023-12-31 201766527 WAUGH & GOODWIN LLP 2925 PROFESSIONAL PLACE STE 201 COLORADO SPRINGS CO 80904 990 2023-01-01 841529751 USA CYCLING DEVELOPMENT FOUNDATION USAC 7194344200 210 USA CYCLING POINT SUITE 100 COLORADO SPRINGS CO 80919 STEVE MCCAULEY DIRECTOR OF PROGRAM DONOR SERV 7194344200 2024-11-15 1 1 RITA F CHRISTENSEN P00290681 7195909777 2024-11-15 2023 2024-10-15 13:58:12Z MATT BARGER 210 USA CYCLING POINT SUITE 100 COLORADO SPRINGS CO 80919 5584726 0 X WWW.USACYCLING.ORG/FOUNDATION X 1994 CO TO PROVIDE FINANCIAL SUPPORT TO USA CYCLING. 22 22 0 5 0 0 2482322 3559518 0 0 103183 100821 114656 204984 2700161 3865323 2377767 2509220 0 0 0 0 0 0 537087 688226 1026651 3065993 3535871 -365832 329452 4308308 4148514 2404679 427030 1903629 3721484 TO PROVIDE FINANCIAL SUPPORT TO USA CYCLING, INC. 0 0 2661888 2509220 PROVIDED GRANTS & OTHER REIMBURSEMENTS TO USA CYCLING, INC., USA CYCLING CLUBS, AND ATHLETES FOR TRAINING AND COMPETITION EXPENSES AND MANAGEMENT SERVICES. 2661888 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 32 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X X USA CYCLING DEVELOPMENT FOUNDATION 7194344200 210 USA CYCLING POINT SUITE 100 COLORADO SPRINGS CO 80919 THOMAS WEISEL DIRECTOR 2.00 X 0 0 0 MICK HELLMAN VICE-PRESIDENT/SECRETARY 2.00 X X 0 0 0 MATTHEW BARGER PRESIDENT, CHAIRMAN OF THE 2.00 3.00 X X 0 0 0 MICHAEL LINN DIRECTOR 2.00 X 0 0 0 MICHAEL PATTERSON DIRECTOR 2.00 2.00 X 0 0 0 JOHN BUCKSBAUM DIRECTOR 2.00 X 0 0 0 PRISCILLA WOODS DIRECTOR 2.00 X 0 0 0 DAVID HELFRICH DIRECTOR 2.00 X 0 0 0 JULIA VIOLICH TREASURER 2.00 2.00 X X 0 0 0 JAN SILVERBERG DIRECTOR 2.00 X 0 0 0 STEVEN VAN DER ZWAN DIRECTOR 2.00 X 0 0 0 ERICA BERTHOU DIRECTOR 2.00 X 0 0 0 GREGORY ALLEN DIRECTOR 2.00 X 0 0 0 ROBIN THURSTON DIRECTOR 2.00 X 0 0 0 AMY BROWN DIRECTOR 2.00 X 0 0 0 ANDY CLARKE DIRECTOR 2.00 X 0 0 0 MICHAEL D COLE DIRECTOR 2.00 X 0 0 0 ROBERT L EMERY DIRECTOR 2.00 X 0 0 0 DR SPENCER GUINN DIRECTOR/BOARD EXECUTIVE 2.00 X 0 0 0 JON MCNEILL DIRECTOR 2.00 X 0 0 0 SCOTT PATSIGA DIRECTOR 2.00 X 0 0 0 BOB STAPLETON DIRECTOR 2.00 X 0 0 0 BRENDAN QUIRK FOUNDATION DIRECTOR AND CEO 2.00 X 0 0 0 STEVE MCCAULEY DIRECTOR OF DONOR AND PROG 40.00 X 0 0 0 0 0 0 0 0 0 0 USA CYCLING INC 210 USA CYCLING POINT COLORADO SPRINGS CO 80919 MANAGMENT SERVICES 517214 1 108556 3450962 1556623 3559518 90850 90850 348 348 1500428 1490457 9971 9971 9971 433582 108556 228946 204636 204636 3865323 0 0 305805 2454220 2454220 55000 55000 517214 106323 145379 265512 61059 61059 10300 10300 9258 9258 10313 1387 2326 6600 15154 1562 6026 7566 38214 14414 23800 205402 42436 57660 105306 103985 9344 94641 4329 4329 APPAREL & EQUIPMENT 21238 1148 20090 OTHER EXPENSE 15169 15169 BANK & CREDIT CARD PROC 7331 7331 GIFTS & AWARDS 5286 5286 2399 960 484 955 3535871 2661888 336896 537087 1242649 660262 319875 284419 249644 321600 81476 115919 16368 16368 0 0 2414662 2766314 2 4308308 4148514 179722 58954 2224957 368076 2404679 427030 X 695995 2566564 1207634 1154920 1903629 3721484 4308308 4148514 X 329452 249863 1238540 X X 0 1 X 0 0 X 1421124 2006989 1638150 2482322 3559518 11108103 1421124 2006989 1638150 2482322 3559518 11108103 2478054 8630049 89752 69323 72686 79442 91198 402401 11510504 811114 0.74980 0.80660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16368 16368 0 0 DUE TO USA CYCLING, INC. 368076 368076 X 4145928 249863 40000 289863 3856065 9258 9258 3865323 3566613 40000 40000 3526613 9258 9258 3535871 PART X, LINE 2: THE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, IS NOT SUBJECT TO FEDERAL INCOME TAX. ACCORDINGLY, NO INCOME TAX PROVISION HAS BEEN RECORDED. THE FOUNDATION'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS SUBJECT TO EXAMINATION BY VARIOUS TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THE DATE IT WAS FILED. MANAGEMENT OF THE FOUNDATION BELIEVES THAT IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. SCHEDULE D, PAGE 4, PART XI, LINES 2D AND 4B INVESTMENT FEES REPORTED IN NET INVESTMENT INCOME ON AUDITED STATEMENTS BLUEGRASS, BICYCLE & BBQ 184369 184369 42633 800 30334 ANNUAL AUCTION 340769 100056 240713 120585 3273 22821 2 17000 8500 8500 8500 542138 108556 433582 129085 45906 800 53155 228946 204636 1 USA CYCLING INC 210 USA CYCLING POINT STE 100 COLORADO SPRINGS CO 80919 841284437 501(C)(3) 2341620 0 SUPPORT OF CYCLING PROGRAMS BOULDER VALLEY CYCLING ALLIANCE DBA BOULDER JUNIOR CYCLING 1742 QUINCE AVE BOULDER CO 80304 204093704 501(C)(3) 6500 0 JR ATHLETE DEVELOPMENT TAM CYCLING PO BOX 875 KENTFIELD CA 94914 262810796 501(C)(3) 9000 0 SUPPORT OF CYCLING PROGRAMS 3 HIGH PERFORMANCE GRANTS 1 55000 PART I, LINE 2: OTHER GRANTS: GRANT RECIPIENTS ARE REQUIRED TO PROVIDE INFORMATION ON BOARD OF DIRECTORS, COACHING STAFF, TRAINING PLANS, GRANT EXPENDITURE PLAN, ATHLETE PERFORMANCE UPDATES AND GOALS ACHIEVED THROUGHOUT THE PERIOD COVERED BY THE GRANT. USA CYCLING GRANTS: USA CYCLING DEVELOPMENT FOUNDATION DIRECTORS ARE CHOSEN BY THE FOUNDATION'S BOARD TO SIT ON THE USA CYCLING BOARD AND AS A USA CYCLING BOARD MEMBER, THEY RECEIVE FINANCIAL REPORTS ON USA CYCLING AND HOW IT SPENDS ITS MONEY. X 7 1448067 FAIR MARKET VALUE X 7 2830 X BIKE PARTS AND ACESSORIES 30 56985 X BIKE EXPERIENCES 26 43011 X MEMORABILIA 13 4850 X APPAREL 3 880 0 1 1 PART I, LINE 32B: THE FOUNDATION HIRES USA CYCLING, INC. TO MANAGE THE FOUNDATION WHICH INCLUDES SOLICITING DONATIONS. SOME DONATIONS ARE IN THE FORM OF STOCK. FORM 990, PART VI, SECTION A, LINE 2 AN OFFICER/DIRECTOR OF THE ORGANIZATION WAS AN OFFICER/DIRECTOR OF AN INVESTMENT BANK AND SOME OTHER DIRECTORS MAY HAVE DEPOSITS WITH THAT INSTITUTION. FORM 990, PART VI, SECTION A, LINE 3 THE FOUNDATION HIRES USA CYCLING TO PROVIDE MANAGEMENT AND ADMINISTRATIVE SERVICES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS SENT TO THE ENTIRE BOARD OF DIRECTORS AND THEY ARE GIVEN A DATE TO GIVE COMMENTS BY. ANY MODIFICATION WILL BE MADE AND THEN THE 990 WILL BE SIGNED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C THE COMPLETION OF AN ANNUAL CONFLICT OF INTEREST FORM IS A PREREQUISITE FOR PARTICIPATION WITH USA CYCLING FOUNDATION. ANNUALLY, EACH APPROPRIATE PERSON WILL BE PROVIDED A DISCLOSURE STATEMENT FORM CONCERNING THE CONFLICT OF INTEREST POLICY. THESE FORMS ARE TO BE COMPLETED AND RETURNED TO THE EXECUTIVE DIRECTOR OF USA CYCLING FOUNDATION OR HIS OR HER DESIGNEE, EVEN IF THERE ARE NO CONFLICTS OF INTEREST. THE EXECUTIVE DIRECTOR WILL REVIEW THESE DISCLOSURES AND WILL MAINTAIN THIS INFORMATION IN CONFIDENCE. EACH INDIVIDUAL SHOULD OPENLY AND FORTHRIGHTLY IDENTIFY ANY AREAS THAT REPRESENT A POTENTIAL CONFLICT OF INTEREST. EACH INDIVIDUAL WILL DISCLOSE ALL OF THE DIRECTORSHIPS AND OFFICER POSITIONS HELD IN FOR-PROFIT OR NOT-FOR PROFIT ORGANIZATIONS, AS WELL AS ANY CONSULTING AND EMPLOYMENT RELATIONSHIPS IN ANY CONCERN WITH WHICH HE HAS REASON TO BELIEVE USA CYCLING AND/OR USA CYCLING FOUNDATION DOES BUSINESS WITH OR FROM WHICH USA CYCLING AND/OR USA CYCLING FOUNDATION WILL SECURE GOODS OR SERVICES, AND WHICH HE HAS REASON TO BELIEVE MAY BE AFFECTED BY HIS ACTIONS ON BEHALF OF USA CYCLING AND/OR USA CYCLING FOUNDATION OR ACTIONS OF USA CYCLING AND/OR USA CYCLING FOUNDATION. INDIVIDUAL OR FAMILY OWNERSHIP IN BUSINESS VENTURES WHERE MORE THAN FIVE PERCENT OF THE TOTAL VALUE OF THE COMPANY IS OWNED OR WHERE MORE THAN TEN PERCENT OF THE OUTSTANDING SHARES ARE OWNED, REQUIRES DISCLOSURE. EACH INDIVIDUAL WILL ALSO DISCLOSE FAMILY RELATIONSHIPS IN WHICH YOU OR YOUR IMMEDIATE FAMILY ARE EMPLOYED BY OR RENDER SERVICES TO ANY OUTSIDE CONCERN THAT DOES BUSINESS WITH USA CYCLING AND/OR USA CYCLING FOUNDATION. "FAMILY" IS DEFINED TO INCLUDE SPOUSE, CHILDREN, PARENTS, BROTHER AND SISTERS. EACH INDIVIDUAL WILL ALSO DISCLOSE ANY CONFIDENTIAL INFORMATION OF USA CYCLING AND/OR USA CYCLING FOUNDATION THAT HAS BEEN USED OR DISCLOSED FOR ANY PURPOSE OTHER THAN TO CARRY OUT THAT PERSON'S DUTIES. AS CONFLICTS OF INTEREST ARISE THROUGHOUT THE YEAR, EACH INDIVIDUAL MUST SUBMIT AN UPDATED DISCLOSURE FORM WITHIN 30 DAYS OF THE CONFLICT OF INTEREST ARISING. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES THEIR GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE FOUNDATION'S 990 IS AVAILABLE ON THE FOUNDATION'S WEBSITE. FORM 990, PART XI, LINE 9: RELIEF OF PLEDGE COMMITMENT 1,238,540. PART XII LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.