2026-08-05T13:36:52-05:00 2025-12-31 GARY MCGEE & CO LLP 222 SW COLUMBIA ST STE 200 PORTLAND OR 97201 990EZ 2025-01-01 931056645 CYCLE OREGON INC CYCL 5032870405 55 SE MAIN STREET PORTLAND OR 97214 STEVE SCHULZ EXECUTIVE DIRECTOR 5032870405 2026-08-05 1 YEE LEE MCGEE P01294356 5032222515 2025 2025-03-06 01:10:19Z X X X WWW.CYCLEOREGON.COM X X 0 X 0 196217 196217 -196217 196217 0 0 X 1481 0 226203 0 227684 0 31467 0 196217 0 X CYCLE OREGON, INC. IS A NON-PROFIT ORGANIZATION DEDICATED TO TRANSFORMING INDIVIDUALS AND COMMUNITIES THROUGH BICYCLING. AS OF JANUARY 1, 2025, ALL CYCLE OREGON, INC. OPERATIONS, STAFF AND NET ASSETS WERE ASSIGNED TO THE CYCLE OREGON FOUNDATION, A 501C(C)(3) ORGANIZATION. THE MAJORITY OF FOUNDATION BOARD MEMBERS ARE NO LONGER APPOINTED BY THE CYCLE OREGON, INC. BOARD; THEREFORE, THE TWO ORGANIZATIONS ARE NO LONGER CONSIDERED RELATED ORGANIZATIONS. CYCLE OREGON, INC.'S PRIMARY PURPOSE GOING FORWARD IS TO MAKE RECOMMENDATIONS FOR GRANT AWARDS FROM THE CYCLE OREGON FUND, A COMMUNITY ADVISED FUND, HELD AT THE OREGON COMMUNITY FOUNDATION (OCF). DURING 2025, CYCLE OREGON, INC. RECOMMENDED TO OCF TO MAKE GRANT AWARDS FROM THE CYCLE OREGON FUND TOTALING OVER $271,000, WHICH OCF DISTRIBUTED TO BENEFITING CHARITIES IN OREGON. 196217 196217 196217 STEVE SCHULZ EXECUTIVE DIRECTOR 9.00 0 0 0 CHAD DAVIS BOARD PRESIDENT 1.00 0 0 0 SARAH GATES BOARD VICE PRESIDENT 1.00 0 0 0 SCOTT TOWSEY BOARD TREASURER 1.00 0 0 0 JACKIE YERBY BOARD SECRETARY 1.00 0 0 0 STEVE YOUNG BOARD DIRECTOR 1.00 0 0 0 X 1 0 0 0 1 0 0 0 0 0 0 OR STEVE SCHULZ 55 SE MAIN STREET PORTLAND OR 97214 5032870405 0 0 0 0 0 0 0 CASH 2025-01-01 1480 CASH 921378173 CYCLE OREGON FOUNDATION PO BOX 13695 PORTLAND OR 97213 501(C)(3) ACCOUNTS RECEIVABLE & PREPAIDS 2025-01-01 71212 NET REALIZABLE VALUE 921378173 CYCLE OREGON FOUNDATION PO BOX 13695 PORTLAND OR 97213 501(C)(3) ACCOUNTS PAYABLES & ACCRUED EXPENSES 2025-01-01 -32690 BOOK VALUE 921378173 CYCLE OREGON FOUNDATION PO BOX 13695 PORTLAND OR 97213 501(C)(3) INVENTORY 2025-01-01 25899 FAIR MARKET VALUE 921378173 CYCLE OREGON FOUNDATION PO BOX 13695 PORTLAND OR 97213 501(C)(3) BOOK VALUE OF ALL FIXED ASSETS 2025-01-01 130316 NET BOOK VALUE 921378173 CYCLE OREGON FOUNDATION PO BOX 13695 PORTLAND OR 97213 501(C)(3) 0 1 0 0 PART II, LINE 2E: PERSON(S) INVOLVED: STEVE SCHULZ, EXECUTIVE DIRECTOR PART II, LINE 2E: EXPLANATION OF INVOLVEMENT: STEVE SCHULZ WAS THE EXECUTIVE DIRECTOR OF CYCLE OREGON, INC.STEVE SCHULZ BECAME THE EXECUTIVE DIRECTOR OF CYCLE OREGON FOUNDATION. FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID ACTIVITY CLASSIFICATION: 92-1378173. GRANTEE NAME: CYCLE OREGON FOUNDATION. GRANTEE ADDRESS: P.O. BOX 13695 PORTLAND, OR 97213. GRANTEE RELATIONSHIP: NOT RELATED TO ORGANIZATION AS OF 01/01/2025.. PROPERTY DESCRIPTION: TRANSFER OF ALL FIXED ASSETS, NET ASSETS & LIABILITIES.. METHOD USED TO DETERMINE BOOK VALUE: FAIR MARKET VALUE. BOOK VALUE OF PROPERTY: 194,735. DATE OF GIFT: 01/01/25. AMOUNT GIVEN: 196,217. FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS DESCRIPTION: INVENTORIES FOR SALE OR USE. BEG. OF YEAR AMOUNT: 25,899. END OF YEAR AMOUNT: 0. DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 4,211. END OF YEAR AMOUNT: 0. DESCRIPTION: ACCOUNTS RECEIVABLE . BEG. OF YEAR AMOUNT: 65,777. END OF YEAR AMOUNT: 0. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 130,316. END OF YEAR AMOUNT: 0. FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES DESCRIPTION: ACCOUNTS PAYABLE AND ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 31,467. END OF YEAR AMOUNT: 0. FORM 990-EZ, PART V, LINE 33 ON JANUARY 1, 2025, CYCLE OREGON, INC. ASSIGNED ALL OPERATIONS, PROGRAMS, STAFF, AND NET ASSETS TO CYCLE OREGON FOUNDATION, A 501(C)(3) ORGANIZATION. CYCLE OREGON, INC.'S PRIMARY PURPOSE GOING FORWARD IS TO MAKE RECOMMENDATIONS FOR GRANT AWARDS FROM THE CYCLE OREGON FUND, A COMMUNITY ADVISED FUND, HELD AT THE OREGON COMMUNITY FOUNDATION (OCF). THE MAJORITY OF FOUNDATION BOARD MEMBERS ARE NO LONGER APPOINTED BY THE CYCLE OREGON, INC. BOARD. THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.