Overview
What is Spidermonkey Cycling?
Spidermonkey Cycling is a nonprofit organization that primarily focuses on organizing bike rides for its members. The details provided do not disclose its location or any additional initiatives it may have, but its primary mission revolves around cycling enthusiasts. While the information is limited, it is clear that Spidermonkey Cycling creates opportunities for members to engage in bike rides together.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (60%)
Spidermonkey Cycling has received a two-star rating from Charity Navigator, indicating a need for improvement in its accountability and finance practices. The organization scored 60% overall, reflecting strong areas such as having a majority of independent board members and a favorable liabilities to assets ratio, which are positive indicators of financial health and governance.
However, there are significant weaknesses in the nonprofit's policies and transparency. The organization lacks an independent board size, conflict of interest policy, whistleblower policy, and proper document retention practices, all scoring zero in these categories. Additionally, the failure to post board meeting minutes and tax forms on its website raises concerns about transparency.
While Spidermonkey Cycling excels in program expense ratio, suggesting effective fund allocation towards its mission, the overall lack of governance and accountability mechanisms could hinder trust and effectiveness. Improved practices in these areas are essential for the organization's growth and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Spidermonkey Cycling legitimate?
Spidermonkey Cycling is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spidermonkey Cycling 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Spidermonkey Cycling?
Spidermonkey Cycling's main focus is to facilitate bike rides for its members. The organization's activities are geared towards providing an engaging and cycling-centric experience for its members. While the provided information does not specify a formal mission statement, it can be inferred that Spidermonkey Cycling aims to create a community around cycling, encouraging members to participate in organized rides. This fosters a sense of camaraderie and shared passion for cycling among its members.
Who is the CEO of Spidermonkey Cycling?
Unavailable
What is the revenue of Spidermonkey Cycling?
Spidermonkey Cycling's revenue in 2022 was $30,927.
Who are the executives of Spidermonkey Cycling and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Spidermonkey Cycling?
Spidermonkey Cycling's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Spidermonkey Cycling
Spidermonkey Cycling, as an organization, is primarily focused on organizing bike rides for its members. While the provided information is limited, it implies that Spidermonkey Cycling serves as a platform for cycling enthusiasts to engage in group rides, fostering a sense of community among its members. The organization's mission could be interpreted as promoting the enjoyment of cycling and encouraging camaraderie among its members through the organization of various bike rides. However, due to the limited information available, this is a speculative summary and the actual mission or activities of Spidermonkey Cycling may differ.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Spidermonkey Cycling has a significant impact by organizing bike rides for its members in Chicago, IL. These rides promote health and fitness, environmental sustainability, and community engagement. The organization's activities encourage active lifestyles and provide a supportive network for cyclists of all levels. Additionally, by promoting recreational cycling, Spidermonkey Cycling contributes to a healthier and more connected community in the city.
This information is meant to be a general summary of Spidermonkey Cycling. 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.
- Gross Receipts: $30,927
Assets and Liabilities:
- Total Assets: $20,353
- Total Liabilities: $0
- Net Assets: $20,353
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2007
Main Address
2823 N OAKLEY AVE UNIT 1, Chicago, IL, 606187986
NTEE Category
Code: N99 - Recreation
If you are a representative of Spidermonkey Cycling and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.