Overview
What is Cycle Changing Young Children's Lives Through Education?
Cycle Changing Young Children's Lives Through Education, abbreviated as OCYCLE, is a children's charity based in Spring, Texas. Its primary mission is to boost literacy among second-grade students in Title 1 schools within the Greater Houston area. The nonprofit achieves this goal by rewarding students with brand-new bicycles and helmets upon completing defined academic objectives. This initiative serves as a powerful lesson, emphasizing that dedication and hard work lead to rewards and a promising future. The ultimate aim is to ensure every student in the Greater Houston area achieves or surpasses grade-level reading proficiency by the end of the third grade, thereby paving the way for future academic success. Despite the challenges posed by the COVID-19 pandemic, OCYCLE resumed its activities in 2022, awarding 4,775 bicycles to deserving students. Despite a delay in delivery, the bicycles were eventually distributed in January 2023, with plans to award more in the spring of 2023 and throughout the remainder of the year.
Official website here: www.cyclehouston.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Cycle Changing Young Children's Lives Through Education has received an impressive Four-Star rating from Charity Navigator, reflecting its strong overall performance in accountability and finance. The organization boasts a high Accountability & Finance Score of 96 and a Culture & Community Score of 93, indicating effective management and a commitment to transparency. Notably, the charity has 100% independent board members and has implemented robust financial oversight mechanisms, such as an audit and oversight committee.
The organization demonstrates a commendable Program Expense Ratio of 78.73%, which signifies that a significant portion of its expenses is directed towards its mission-related programs. Additionally, the charity has established policies for conflict of interest and whistleblower protections, showcasing an emphasis on ethical governance. The low liabilities to assets ratio of 0.05% further indicates financial stability and responsible fiscal management.
While the data highlights strong operational practices, it is important for potential donors and supporters to consider any specific program outcomes or community impact metrics that may not be fully detailed in the financial ratings. Overall, Cycle Changing Young Children's Lives Through Education exemplifies responsible stewardship of resources and a commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Cycle Changing Young Children's Lives Through Education legitimate?
Cycle Changing Young Children's Lives Through Education is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cycle Changing Young Children's Lives Through Education submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $119,375
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cyclehouston.org
What is the mission statement of Cycle Changing Young Children's Lives Through Education?
Cycle Changing Young Children's Lives Through Education is a charitable organization with a mission to enhance 2nd Grade literacy in Title One schools within the Greater Houston area. Their vision is to see every student in the region achieve or surpass grade-level reading by the end of the 3rd grade. By implementing this goal-oriented approach, the charity encourages young students to earn a bicycle as a reward for their literacy accomplishments. This initiative aims to instill in them the understanding that hard work leads to beneficial outcomes, potentially setting them on a path towards a more prosperous future in both their academic and personal lives.
Official website here: www.cyclehouston.org
Who is the CEO of Cycle Changing Young Children's Lives Through Education?
Philip Schneidau is the President of Cycle Changing Young Children's Lives Through Education.
Official website here: www.cyclehouston.org
What is the revenue of Cycle Changing Young Children's Lives Through Education?
Cycle Changing Young Children's Lives Through Education's revenue in 2022 was $511,376.
Official website here: www.cyclehouston.org
Who are the executives of Cycle Changing Young Children's Lives Through Education and what are their salaries?
The average compensation at Cycle Changing Young Children's Lives Through Education during 2022 was $119,375. There is 1 employee and 500 volunteers at Cycle Changing Young Children's Lives Through Education.
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Official website here: www.cyclehouston.org
Where can I find the form 990 for Cycle Changing Young Children's Lives Through Education?
Cycle Changing Young Children's Lives Through Education's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cyclehouston.org
Learn more at the official website: www.cyclehouston.org
Mission Statement of Cycle Changing Young Children's Lives Through Education
Cycle Changing Young Children's Lives Through Education, a children's charity, is committed to enhancing 2nd Grade literacy at Title One schools in the Greater Houston area. The organization's vision is to see every student in this region achieving grade-level reading or beyond by the end of the 3rd grade. This ambitious goal is aimed at setting children on a path to success, empowering them to reach their full potential in both their academic and personal lives.
Cycle Changing Young Children's Lives Through Education employs a unique approach to motivate young students. By setting literacy goals for them, the charity rewards their achievements with a bicycle. This incentive not only encourages the children to strive for academic excellence but also teaches them an invaluable lesson – that hard work often leads to reward. This lesson, the charity believes, can significantly impact a child's future, positioning them positively in their academic journey.
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Impact
July, 2024
Cycle Changing Young Children's Lives Through Education's impact is evident in the improvement of 2nd-grade literacy among students in Title I schools in the Greater Houston area. By rewarding students with brand-new bicycles and helmets upon achieving academic goals, the organization teaches the valuable lesson that hard work and dedication lead to tangible rewards. This approach not only motivates children to excel academically but also instills in them the belief that they can achieve success through perseverance.
The overarching goal of Cycle Changing Young Children's Lives Through Education is to see every student in the Greater Houston area reach grade-level reading proficiency or above by the end of the third grade. This objective not only sets students on the path to academic success but also empowers them to realize their full potential in both school and life. Research indicates that achieving grade-level literacy by the fourth grade is crucial for future academic success, making the work of this organization particularly impactful in shaping the trajectory of young students' lives.
Despite challenges faced during the COVID-19 pandemic, Cycle Changing Young Children's Lives Through Education has continued its efforts to support students. Through fundraising programs and the purchase of bicycles, the organization awarded 4,775 bicycles to deserving children in 2022. Plans are in place to award more bicycles in the future, further reinforcing the message of hard work yielding positive outcomes for students in the Greater Houston area.
This information is meant to be a general summary of Cycle Changing Young Children's Lives Through Education. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $86
- Gross Receipts: $639,703
Assets and Liabilities:
- Total Assets: $776,504
- Total Liabilities: $726
- Net Assets: $775,778
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Organization Details
Founding Year
2004
Phone
(281) 907-0071Principal Officer
Philip Schneidau
Main Address
2200 Louetta Road 101, Spring, TX, 77388
Website
www.cyclehouston.orgNTEE Category
Code: P58 - Human services
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