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Cycle Connect Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 271175814 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Cycle Connect Inc?

Cycle Connect Inc, based in New York City, New York, is a compassionate nonprofit organization dedicated to improving the lives of smallholder farmers in East Africa, primarily in Uganda. Their mission is to enhance income for these farmers through asset financing and training, enabling them to invest in their future and propel themselves and their families forward. In the past fiscal year, Cycle Connect's initiatives reached over 3,200 families in northern Uganda. Their work primarily involves distributing lease-to-own productive assets, such as bicycles for transportation and water pumps for irrigation, to these farmers. With a small team of just two dedicated individuals, Cycle Connect continues its mission to make a meaningful impact in East Africa.


Official website here: www.cycleconnect.org

Is Cycle Connect Inc legitimate?

Cycle Connect Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cycle Connect Inc 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: $65,772
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,315

For more financial information, click here


Official website here: www.cycleconnect.org

What is the mission statement of Cycle Connect Inc?

Cycle Connect Inc's mission is to enhance income for smallholder farmers in East Africa. They achieve this by providing productive asset-financing and training to these farmers. The organization's primary activity involves distributing lease-to-own productive assets to farmers in Uganda. In the recent fiscal year, Cycle Connect managed to reach over 3,200 families across Northern Uganda, aiming to propel these farmers and their families forward towards a better future.


Official website here: www.cycleconnect.org

Who is the CEO of Cycle Connect Inc?

Molly Burke is the Board Chair of Cycle Connect Inc.


Official website here: www.cycleconnect.org

What is the revenue of Cycle Connect Inc?

Cycle Connect Inc's revenue in 2022 was $467,664.


Official website here: www.cycleconnect.org

Who are the executives of Cycle Connect Inc and what are their salaries?

The average compensation at Cycle Connect Inc during 2022 was $36,044. There are 2 employees and 8 volunteers at Cycle Connect Inc.


Here are 12 key members and their salaries:


William Morrow (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dick Muyambi (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erick Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathryn Dutile (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brett Earnest (Director (To 07/21))
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerald Farano (Director (To 07/21))
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Kreitler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Robinson (Director (To 07/21))
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Rosenberg (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julius Kigundu (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathanial Peterson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Molly Burke (Executive Director)
  • Compensation: $64,800
  • Related: $0
  • Other: $0


Official website here: www.cycleconnect.org

Where can I find the form 990 for Cycle Connect Inc?

Cycle Connect Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cycleconnect.org

Learn more at the official website: www.cycleconnect.org

Mission Statement of Cycle Connect Inc

Cycle Connect Inc, a nonprofit organization, is dedicated to empowering smallholder farmers in East Africa. Their mission is to boost the income of these farmers by providing them with financing for productive assets and offering training. By distributing lease-to-own productive assets, Cycle Connect allows these families in Uganda, particularly in the northern region, to invest in their futures and propel themselves and their families forward. In the fiscal year, the organization reached over 3,200 families, demonstrating its commitment to uplifting the lives of smallholder farmers in East Africa.

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Impact




July, 2024

Cycle Connect Inc's impact lies in enabling smallholder farmers in Uganda to invest in their future and propel themselves and their families forward. By distributing lease-to-own productive assets, this organization has reached over 3,200 families across Northern Uganda in a single fiscal year. Through their mission to increase income for smallholder farmers in East Africa via productive asset financing and training, Cycle Connect is making a tangible difference in the lives of individuals and communities in the region.




This information is meant to be a general summary of Cycle Connect Inc. 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.

Revenue
$467,664 (2022)
Expenses
$707,938 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $285
  • Gross Receipts: $467,664

Assets and Liabilities:

  • Total Assets: $425,388
  • Total Liabilities: $231,971
  • Net Assets: $193,417

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Organization Details

Founding Year

2009

Principal Officer

Molly Burke

Main Address

244 FIFTH AVENUE D222, NEW YORK, NY, 10001

NTEE Category

Code: Q33 - International

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