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Nonprofit · EIN 58-2508155

RICHMOND CYCLING CORPS

Tax-exempt · RICHMOND, VA 23219

Financials

$183K$202K2023$297K$214K2024
Revenue Expenses · by fiscal year end
Financials of RICHMOND CYCLING CORPS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$297,237$214,120$83,117$118,583$0$118,583
December 31, 2023990-EZ$183,193$202,374-$19,181$40,175–$40,175
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$268,388
Program service revenue
$28,849
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$45,011
Other salaries and wages
$58,487
Salaries, compensation and benefits (total)
$120,544
Professional fundraising fees
$0
Accounting fees
$1,050
Occupancy
$45,088
Travel
$9,596
Depreciation
$563
Program services (functional)
$193,576
Management and general (functional)
$12,618
Fundraising (functional)
$7,926

Balance sheet and other

Total assets, start of year
$40,175
Total assets, end of year
$118,583
Total liabilities, end of year
$0
Net assets, end of year
$118,583
Land, buildings and equipment
$33,226
Net assets without donor restrictions
$118,583
Gross receipts
$297,237
Employees
6
Volunteers
15
Year formed
2010
State of legal domicile
VA

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.

NameTitleHours / weekCompensation
MATTHEW KUHNEXECUTIVE DI
Trustee or director, Officer
40$45,011
KATHY ANN HOOFBOARD CHAIR
Trustee or director, Officer
1$0
LAUREN KERNTREASURER
Trustee or director, Officer
1$0
NATIMA JONESVICE-CHAIR
Trustee or director, Officer
1$0
LAKESHIA ALLENSECRETARY
Trustee or director, Officer
1$0
990-EZ for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
MATTHEW KUHNEXECUTIVE DI40$45,011
KATHY ANN HOOFBOARD CHAIR1$0
LAUREN KERNTREASURER1$0
NATIMA JONESVICE-CHAIR1$0
LAKESHIA ALLENSECRETARY1$0

Address and contacts

Address (IRS master file)
13 S 15TH ST, RICHMOND, VA 23219-4264
Principal officer (990 for 2024)
MATTHEW KUHN, 2123 FAIRMONT AVE, RICHMOND, VA 23223
Signed the 990
MATTHEW KUHN, EXECUTIVE DIRECTOR
Phone
(804) 255-9230
Return prepared by
BERG AND BERG SERVICES LLC

Mission

RICHMOND CYCLING CORPS (RCC) USES CYCLING AS OUR PLATFORM FOR CHANGE. WE INFUSE OURSELVES; OUR PASSION, OUR VALUES, OUR CREATIVITY, OUR DRIVE, AND OUR DEDICATION INTO THE LIVES OF OUR YOUTH. WE HAVE FUN. WE LAUGH. WE TEACH. WE LEARN. WE PROMISE OUR YOUTH, THAT IF THEY STAY WITH RICHMOND CYCLING CORPS, THEY WILL RECEIVE THE TOOLS AND EDUCATION NECESSARY TO PULL THEMSELVES UP OUT OF POVERTY. WE ALSO PROMISE OUR UNCONDITIONAL LOVE AND SUPPORT TO EACH YOUTH. WE WILL NEVER BREAK OUR PROMISE. WE WILL NEVER BECOME SET IN OUR WAYS; WE WILL ALWAYS BE DYNAMIC IN OUR APPROACH TO CHANGING YOUTH LIVES. WE ARE FEARLESS IN OUR APPROACH TO OUR PURPOSE. WE WILL NOT BECOME TANGLED IN RED-TAPE, POLICY, POLITICS, AND TALKING HEADS. WE WILL ALWAYS DELIVER ACTION, NOT MESSAGING. LIFE IS TOO SHORT, AND WE, INCLUDING OUR YOUTH, HAVE A LOT TO ACCOMPLISH. WE WILL ALWAYS BE PASSIONATE TOWARDS OUR PURPOSE. RICHMOND CYCLING CORPS: CAN'T STOP. WON'T STOP.

990 for the year ended December 31, 2024

Program accomplishments

  • RCC CONTINUED PROVIDING COMPREHENSIVE COACHING AND MENTORING SERVICES TO YOUTH LIVING IN PUBLIC HOUSING. THE CYCLING PROGRAM CONTINUED TO REACH 15 YOUTH WHO WERE THE BENEFICIARIES OF MENTORING, EMPLOYMENT OPPORTUNITIES, ACADEMIC SUPPORT, COUNSELING, HEALTH AND DENTAL SERVICES, AND PATHWAYS AWAY FROM GANGS, DRUG USE, AND VIOLENCE. THE ACADEMIC SUPPORT, WHICH WAS EXPANDED IN 2017 AND NAMED LEGACY ACADEMY, INCLUDES A FULL-TIME SCHOOL PROVIDING A LOW STUDENT-TEACHER RATIO AND A RICH AND VARIED CURRICULUM. ARMSTRONG BIKE PARK - THE ARMSTRONG BIKE PARK IS THE NATION'S FIRST AND ONLY INNER-CITY MOUNTAIN BIKE PARK. CONSTRUCTED ON A 10 ACRE ABANDONED FIELD NEXT TO ARMSTRONG HIGH SCHOOL, WITHIN THE PUBLIC HOUSING NEIGHBORHOOD OF FAIRFIELD COURT, THE 1.5 MILE TRAIL BOASTS 22 DIFFERENT SKILL- FEATURES. THE PARK WAS LAUNCHED AS A TRAINING COURSE FOR THE ARMSTRONG CYCLING TEAM - AND EQUALLY IMPORTANT, A POINT OF ENTRY INTO MOUNTAIN BIKING FOR INNER- CITY AREA YOUTH AND RICHMOND PUBLIC SCHOOL STUDENTS. CYCLING TEAM - IN FEBRUARY OF 2014, RCC LAUNCHED THE NATION'S FIRST AND ONLY INNER-CITY HIGH SCHOOL CYCLING TEAM OUT OF ARMSTRONG HIGH SCHOOL. REFUSING TO BECOME A NOVELTY, THE TEAM TRAINED HARD, FOSTERING SOLID RESULTS IN THEIR FIRST YEAR. IN FACT, THE TEAM PRODUCED TWO COMPETITIVE VARSITY ATHLETES RIGHT OUT OF THE BLOCKS, WITH FOUR WOMEN COMPRISING A RESPECTED JV SQUAD. THIS NATURAL PROGRESSION INTO THE HIGH SCHOOL RANKS, HAS PROVEN INSTRUMENTAL TOWARDS OUR YOUTH RETENTION - AS CYCLING IS NOW AVAILABLE AS A PART OF THEIR HIGH SCHOOL EXPERIENCE - A RECOGNIZED HIGH SCHOOL SPORT IN THE PRESTIGIOUS NATIONAL INTERSCHOLASTIC CYCLING ASSOCIATION (NICA).
    Expenses $193,576 · revenue $28,849

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
58-2508155
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
2001
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$118,583
Income (IRS master file)
$297,237

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$297,237$214,120$118,583XML
990-EZDecember 2023$183,193$202,374$40,175XML
990December 2022$238,525$236,207$59,356IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990December 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 58-2508155).

Questions about RICHMOND CYCLING CORPS

What is the EIN of RICHMOND CYCLING CORPS?
The employer identification number (EIN) of RICHMOND CYCLING CORPS is 58-2508155.
Is RICHMOND CYCLING CORPS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
Are donations to RICHMOND CYCLING CORPS tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RICHMOND CYCLING CORPS 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 RICHMOND CYCLING CORPS 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 RICHMOND CYCLING CORPS last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of RICHMOND CYCLING CORPS?
The 990 for the year ended December 31, 2024 names MATTHEW KUHN.
Who are the officers and directors of RICHMOND CYCLING CORPS?
The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $45,011 (MATTHEW KUHN, EXECUTIVE DI).
How much revenue does RICHMOND CYCLING CORPS have?
On its 990 for the year ended December 31, 2024 it reported revenue of $297,237, expenses of $214,120 and total assets of $118,583 at year end.

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