Nonprofit · EIN 85-1436997
GROW CYCLING FOUNDATION CORPORATION
Tax-exempt · MCKINNEY, TX 75070
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $146,251 | $139,221 | $7,030 | $266,162 | $0 | $266,162 |
| December 31, 2023 | 990 | $357,870 | $371,317 | -$13,447 | $259,132 | $0 | $259,132 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $129,366
- Program service revenue
- $0
- Investment income
- $0
- Net income from sales of inventory
- $16,885
- Other revenue
- $16,885
Expenses
- Grants and similar amounts paid
- $56,244
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,950
- Program services (functional)
- $123,591
- Management and general (functional)
- $15,630
Balance sheet and other
- Total assets, start of year
- $259,132
- Total assets, end of year
- $266,162
- Total liabilities, end of year
- $0
- Net assets, end of year
- $266,162
- Net assets without donor restrictions
- $266,162
- Gross receipts
- $147,626
- Employees
- 0
- Volunteers
- 12
- Year formed
- 2020
- 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 |
|---|---|---|---|
| KATIE HOLDEN | DIRECTOR Trustee or director | 1 | $0 |
| ANDREW JACKSON | DIRECTOR Trustee or director | 1 | $0 |
| ELIOT JACKSON | FOUNDER & CH Trustee or director, Officer | 1 | $0 |
| JOI JACKSON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| SCOTT KING | DIRECTOR Trustee or director | 1 | $0 |
| GASPERE LICATA | DIRECTOR Trustee or director | 1 | $0 |
| GREG MINNAAR | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATIE HOLDEN | VICE-CHAIRMA Trustee or director, Officer | 1 | $0 |
| ELIOT JACKSON | FOUNDER & CH Trustee or director, Officer | 1 | $0 |
| JOI JACKSON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| GREG MINNAAR | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 550 N CENTRAL EXPY UNIT 176, MCKINNEY, TX 75070-0010
- Principal officer (990 for 2024)
- JOI JACKSON, 550 N CENTRAL EXPRESSWAY 176, MCKINNEY, TX 75070
- Signed the 990
- JOI JACKSON, PRESIDENT
- Phone
- (630) 240-1383
- Return prepared by
- SOMMERVILLE & ASSOCIATES PC
Mission
GROW CYCLING FOUNDATION ENGINEERS THE INFRASTRUCTURE OF OPPORTUNITY - CREATING WORLD-CLASS CYCLING SPACES, SAFE NETWORKS AND THE HUMAN SYSTEMS OF SAFETY, SKILLS, CAREERS, AND CULTURE - TRANSFORMING CYCLING INTO LADDERS OF UPWARD MOBILITY AT SCALE FOR CHILDREN AND COMMUNITIES EVERYWHERE.
Program accomplishments
- GROW CYCLING RAISED 100% OF THE FUNDS TO FINANCE AND DEVELOP THE VERY FIRST PUBLIC PUMPTRACK IN LOS ANGELES, MANAGED ALL GOVERNMENT AND REGULATORY APPROVALS ALONG WITH THE COMPLETE DESIGN, CONSTRUCTION AND COMPLETION OF THE CAPITAL PROJECT. WE SELECTED THE LOCATION OF THE INGLEWOOD PUMPTRACK TO BE BUILT IN A BEAUTIFUL, 55-ACRE PARK IN THE HEART OF INGLEWOOD, ONE OF THE MOST DIVERSE AND FASTED GROWING COMMUNITIES IN AMERICA. GROW'S INGLEWOOD PUMPTRACK IS AN ENVIRONMENTALLY SUSTAINABLE, COMMUNITY-BUILDING RECREATIONAL HUB, FORECASTED TO SERVE 250,000 PEOPLE/YEAR, MOSTLY KIDS. WE HAVE BEEN NAMED ONE OF THE TOP OUTDOOR DESTINATIONS IN LOS ANGELES BY VOX MEDIA/THRILLIST MAGAZINE. THE INGLEWOOD PUMPTRACK IS A POPULAR AND SIGNIFICANT PART OF THE CITY'S FAMOUS "SPORTS CAPITAL OF AMERICA" VENUES. WE ARE GROUND ZERO FOR SAFE YOUTH DISCOVERY AND EXPLORATION IN LOS ANGELES FOR MODERN, URBAN ACCESSIBLE CYCLING SPACES. OUR PROGRAMMING WILL DEVELOP AND PROVIDE PATHWAYS OF EDUCATION AND ACCESS TO ASPIRATIONAL AND FULFILLING CAREER DEVELOPMENT, ENTRY POINTS TO WORLD CHAMPIONSHIP RACING AND OLYMPIC EVENTS, AS WELL AS THE LIFELONG HEALTH, MENTAL WELLNESS AND SOCIAL BENEFITS OF CYCLING. OUR MILESTONE ACHIEVEMENT REPRESENTS WHAT THE CYCLING COMMUNITY AND INNOVATIVE COMMUNITIES LIKE INGLEWOOD CAN ACHIEVE WHEN WE COME TOGETHER. GROW CYCLING ALSO DELIVERED COMMUNITY CYCLING CLINICS, OUTREACH EVENTS, AND ENGAGEMENT PROGRAMS TO EXPAND ACCESS AND ENCOURAGE HEALTHY, ACTIVE LIFESTYLES. THESE INITIATIVES PROVIDED HUNDREDS OF CHILDREN AND FAMILIES WITH OPPORTUNITIES TO LEARN BIKE SKILLS, DEVELOP CONFIDENCE, AND BUILD A SENSE OF BELONGING, WHILE ALSO SHOWING THAT CYCLING CAN BE A DURABLE PATHWAY TO HEALTH AND OPPORTUNITY. WE ARE COURAGEOUS INT HE INFRASTRUCTURE WE BUILD, TAKING ON PROJECTS OTHERS HAD NOT ATTEMPTED UNTIL WE DID. SINCE THE FIRST LOS ANGELES PUMPTRACK BUILD, MULTIPLE NEW PUMPTRACKS ACROSS SOUTHERN CALIFORNIA AND THE U.S. HAVE BEEN INITIATED, DEMONSTRATING THE CATALYTIC EFFECT OF OUR AWARD-WINNING ELADERSHIP AND THE REPLICABILITY OF OUR MODEL.Expenses $58,866 · grants $56,244 · revenue $16,885
- IN 2024, GROW CYCLING FOUNDATION HOSTED OUR SOLD-OUT ASPIRE CONFERENCE AND EXPANDED OUR CYCLING INDUSTRY JOBS BOARD, CREATING DIRECT PATHWAYS FOR UPWARD MOBILITY. THESE PROGRAMS PROVIDED HUNDREDS OF YOUTH WITH LIFE AND LEADERSHIP SKILLS, ENTREPRENEURIAL TRAINING, AND CAREER DEVELOPMENT OPPORTUNITIES, AS WELL AS ACCESS TO NETWORKING WITH INDUSTRY LEADERS AND GATEKEEPERS. TOGETHER, ASPIRE AND THE JOBS BOARD ADVANCE OUR MISSION BY TRANSFORMING CYCLING INTO LADDERS OF OPPORTUNITY BEYOND SPORT.Expenses $64,725
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
- 85-1436997
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $266,162
- Income (IRS master file)
- $147,626
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $146,251 | $139,221 | $266,162 | IRS |
| 990 | December 2023 | $357,870 | $371,317 | $259,132 | XML |
| 990 | December 2022 | $251,096 | $453,452 | $272,579 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 85-1436997).
Questions about GROW CYCLING FOUNDATION CORPORATION
- What is the EIN of GROW CYCLING FOUNDATION CORPORATION?
- The employer identification number (EIN) of GROW CYCLING FOUNDATION CORPORATION is 85-1436997.
- Is GROW CYCLING FOUNDATION CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to GROW CYCLING FOUNDATION CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GROW CYCLING FOUNDATION CORPORATION 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 GROW CYCLING FOUNDATION CORPORATION 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 GROW CYCLING FOUNDATION CORPORATION 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 GROW CYCLING FOUNDATION CORPORATION?
- The 990 for the year ended December 31, 2024 names JOI JACKSON.
- Who are the officers and directors of GROW CYCLING FOUNDATION CORPORATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does GROW CYCLING FOUNDATION CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $146,251, expenses of $139,221 and total assets of $266,162 at year end.
Other nonprofits in MCKINNEY
- RIGHTNOW MINISTRIES INTERNATIONAL EIN 75-2353393 · last filed 990 for 2025
- 1687 FOUNDATION EIN 26-3772474 · last filed 990-PF for 2024
- JOSHUA EXPEDITIONS EIN 73-1534031 · last filed 990 for 2025
- FRIENDS OF IMAGINE INTERNATIONAL ACADEMY OF NORTH TEXAS EIN 26-2761185 · last filed 990 for 2025
- MCKINNEY CHRISTIAN SCHOOL EIN 75-2440342 · last filed 990 for 2025
- CORNERSTONE MINISTRIES INC EIN 41-2053259 · last filed 990 for 2024
- LEARN LONESTAR EDUCATION AND RESEARCH NETWORK EIN 30-0200691 · last filed 990 for 2025
- SAMARITAN INN INC EIN 75-1984285 · last filed 990 for 2025