Nonprofit · EIN 27-0475687
FOUNDATION CYCLING NEW YORK INC
Tax-exempt · NEW YORK, NY 10075
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $142,874 | $111,888 | $30,986 | $110,589 | $72,999 | $37,590 |
| December 31, 2023 | 990 | $96,139 | $116,421 | -$20,282 | $67,457 | $60,853 | $6,604 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $142,861
- Program service revenue
- $0
- Investment income
- $13
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $4,304
- Program services (functional)
- $105,768
- Management and general (functional)
- $3,968
- Fundraising (functional)
- $2,152
Balance sheet and other
- Total assets, start of year
- $67,457
- Total assets, end of year
- $110,589
- Total liabilities, end of year
- $72,999
- Net assets, end of year
- $37,590
- Net assets without donor restrictions
- $37,590
- Gross receipts
- $142,874
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2009
- State of legal domicile
- DE
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD WOLF | President Trustee or director, Officer | 5 | $0 |
| DAVE GARGUILO | Treasurer Trustee or director, Officer | 5 | $0 |
| STEPHEN MAGYERA | Secretary Trustee or director, Officer | 5 | $0 |
| JILL WOLF | CEO Trustee or director, Officer | 5 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD WOLF | President Trustee or director, Officer | 5 | $0 |
| DAVE GARGUILO | Treasurer Trustee or director, Officer | 5 | $0 |
| STEPHEN MAGYERA | Secretary Trustee or director, Officer | 5 | $0 |
| JILL WOLF | CEO Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 201 EAST 77TH STREET 8EF, NEW YORK, NY 10075-2069
- In care of
- % RICHARD WOLF
- Signed the 990
- RICHARD WOLF, President
- Phone
- (212) 980-3800
- Return prepared by
- Gruber Palumberi Raffaele Fried CPAs PC
Mission
Foundation is organized and operated exclusively to foster national and international amateur cycling competition and to support and primarily develop amateur cycling athletes for national and international competition.
Program accomplishments
- TEAM TRAINING TO RACE ON A NATIONAL LEVEL AND, ULTIMATELY, ON AN INTERNATIONAL LEVEL; WEEK-LONG GROUP TRAINING SESSIONS; NATIONAL AND INTERNATIONAL LEVEL AMATEUR RACING.Expenses $105,768
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 | Not 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
- 27-0475687
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N70)
- Assets (IRS master file)
- $110,589
- Income (IRS master file)
- $142,874
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $142,874 | $111,888 | $110,589 | XML |
| 990 | December 2023 | $96,139 | $116,421 | $67,457 | XML |
| 990 | December 2022 | $163,744 | $167,795 | $80,249 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 27-0475687).
Questions about FOUNDATION CYCLING NEW YORK INC
- What is the EIN of FOUNDATION CYCLING NEW YORK INC?
- The employer identification number (EIN) of FOUNDATION CYCLING NEW YORK INC is 27-0475687.
- Is FOUNDATION CYCLING NEW YORK INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to FOUNDATION CYCLING NEW YORK INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATION CYCLING NEW YORK 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 FOUNDATION CYCLING NEW YORK INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUNDATION CYCLING NEW YORK INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of FOUNDATION CYCLING NEW YORK INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does FOUNDATION CYCLING NEW YORK INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $142,874, expenses of $111,888 and total assets of $110,589 at year end.
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