Nonprofit · EIN 23-7334666
CENTRAL INDIANA BICYCLING ASSOC INC
Tax-exempt · CARMEL, IN 46032
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $233,061 | $167,236 | $65,825 | $529,161 | $0 | $529,161 |
| December 31, 2024 | 990 | $242,178 | $230,205 | $11,973 | $269,010 | $0 | $269,010 |
| December 31, 2023 | 990 | $312,540 | $341,260 | -$28,720 | $263,201 | $8,735 | $254,466 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $151,317
- Membership dues
- $30,491
- Program service revenue
- $14,495
- Investment income
- $11,628
- Net income from fundraising events
- $55,621
- Other revenue
- $55,621
Expenses
- Grants and similar amounts paid
- $1,012
- Compensation of officers, directors and key employees
- $55,071
- Salaries, compensation and benefits (total)
- $65,787
- Professional fundraising fees
- $0
- Legal fees
- $1,339
- Accounting fees
- $3,924
- Occupancy
- $1,895
- Program services (functional)
- $167,236
Balance sheet and other
- Total assets, start of year
- $269,010
- Total assets, end of year
- $529,161
- Total liabilities, end of year
- $0
- Net assets, end of year
- $529,161
- Gross receipts
- $500,592
- Employees
- 2
- Volunteers
- 300
- Year formed
- 1973
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Anthony Cherolis | Executive Director Key employee | 40 | $54,883 |
| Jyoti Verderame | President Trustee or director | 5 | $0 |
| Timothy Zumbaugh | Treasurer Trustee or director | 5 | $0 |
| Paul Labbee | Secretary Trustee or director | 5 | $0 |
| Stephanie Cline-Patterson | Vice President Trustee or director | 5 | $0 |
| Andrew Gremos | Vice President Trustee or director | 5 | $0 |
| Cam Sterns | Vice President Trustee or director | 5 | $0 |
| Alan Rainey | Board Member Trustee or director | 5 | $0 |
| Rodney Rock | Board Member Trustee or director | 5 | $0 |
| William Watts | Board Member Trustee or director | 5 | $0 |
| Jessica Hall | Board Member Trustee or director | 5 | $0 |
| Peyton Carroll | Board Member Trustee or director | 5 | $0 |
| Dave Crandall | Board Member Trustee or director | 5 | $0 |
| Adelle Stokes | Board Member Trustee or director | 5 | $0 |
| Kevin Whited | Board Member Trustee or director | 5 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mark Zwoyer | Board Member Trustee or director | 5 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Aaron Spiegal | Board Member Trustee or director | 0 | $0 |
| Mike Cavosie | Board Member Trustee or director | 0 | $0 |
| Alan Rainey | Board Member Trustee or director | 0 | $0 |
| Marc Walter | Board Member Trustee or director | 0 | $0 |
| Rodney Rock | Board Member Trustee or director | 0 | $0 |
| William Watts | Board Member Trustee or director | 0 | $0 |
| Jessica Hall | Board Member Trustee or director | 0 | $0 |
| John Hay | Board Member Trustee or director | 0 | $0 |
| Stephanie N Cline-Patterson | Vice President Trustee or director, Officer | 0 | $0 |
| Renea Gates | Board Member Officer | 0 | $0 |
| Jyoti Verderame | President Officer | 0 | $0 |
| Paul Labbe | Secertary Officer | 0 | $0 |
| Tim Zumbaugh | Treasurer Officer | 0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rodney Rock | Board Member Trustee or director | 0 | $0 |
| Marc Walter | Board Member Trustee or director | 0 | $0 |
| Stephanie N Cline-Patterson | Board Member Trustee or director | 0 | $0 |
| John Hay | Board Member Trustee or director | 0 | $0 |
| Jessica Hall | Board Member Trustee or director | 0 | $0 |
| William Watts | Board Member Trustee or director | 0 | $0 |
| Alan Rainey | Board Member Trustee or director | 0 | $0 |
| Aaron Spiegal | Board Member Trustee or director | 0 | $0 |
| Mike Cavosie | Board Member Trustee or director | 0 | $0 |
| Jyoti Verderame | Vice President Officer | 0 | $0 |
| Renea Gates | President Officer | 0 | $0 |
| Tim Zumbaugh | Treasurer Officer | 0 | $0 |
| Paul Labbe | Secertary Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 275 MEDICAL DR, CARMEL, IN 46032-2924
- In care of
- % TIMOTHY ZUMBAUGH
- Signed the 990
- TIMOTHY ZUMBAUGH, Treasurer
- Phone
- (317) 207-9376
- Website
- www.centralINCycling.org
- Return prepared by
- Bastion Business and Tax Services
Mission
Support and promote the broad range of cycling in central Indiana by offering organized ride events, providing safety education, and advocating for improved cycling conditions.
Program accomplishments
- Advocacy and Education Provided free helmets, reflectors, and lights; installed bike racks; advocated for safer bike lanes and enhanced trails; provided numerous cycling educational programs mentored with novice riders.Expenses $167,236 · revenue $14,495
- Community OutreachHosted bike to work week and bike to school day events; coordinated or led numerous community rides in neighborhoods; hosted several family rides; provided Pedal and Park services at 26 public events; hosted bike swap meet; hosted trail clean-up day.
- Ride Events Organized hundreds of free fitness and touring rides; presented four major fundraising rides in central Indiana attracting over 4,000 riders in total.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7334666
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $529,161
- Income (IRS master file)
- $500,592
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $233,061 | $167,236 | $529,161 | IRS |
| 990 | December 2024 | $242,178 | $230,205 | $269,010 | IRS |
| 990 | December 2023 | $312,540 | $341,260 | $263,201 | XML |
| 990 | December 2022 | $240,030 | $214,909 | $283,178 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7334666).
Questions about CENTRAL INDIANA BICYCLING ASSOC INC
- What is the EIN of CENTRAL INDIANA BICYCLING ASSOC INC?
- The employer identification number (EIN) of CENTRAL INDIANA BICYCLING ASSOC INC is 23-7334666.
- Is CENTRAL INDIANA BICYCLING ASSOC INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to CENTRAL INDIANA BICYCLING ASSOC INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CENTRAL INDIANA BICYCLING ASSOC INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CENTRAL INDIANA BICYCLING ASSOC INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CENTRAL INDIANA BICYCLING ASSOC INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of CENTRAL INDIANA BICYCLING ASSOC INC?
- The 990 for the year ended December 31, 2025 lists 16 people; 1 received compensation from the organization, the highest $54,883 (Anthony Cherolis, Executive Director).
- How much revenue does CENTRAL INDIANA BICYCLING ASSOC INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $233,061, expenses of $167,236 and total assets of $529,161 at year end.
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