Overview
What is Pedal The Cause?
Pedal The Cause is a nonprofit organization based in St. Louis, Missouri, with a focus on funding cancer research. In 2022, over 3,200 adults and children participated in their annual fundraising bike challenge, supported by 400 volunteers, raising an impressive $4.5 million. Over the past 13 years, Pedal The Cause has cumulatively donated $40.8 million to support 203 adult and pediatric cancer research projects. Their contributions have led to significant breakthroughs, such as the development of DNA and peptide vaccines for multiple cancer types, cancer goggles for surgeons, and advancements in the understanding of cancer stem-cells. Pedal The Cause funds have been instrumental in obtaining SPORE grants in leukemia and pancreatic cancer, fostering collaborative research. The organization's contributions also fund clinical trials at Siteman Cancer Center, one of the largest cancer clinical trials programs in the Midwest. For every dollar Pedal The Cause donates, researchers are able to attract substantial additional external funding, averaging $12 for every initial award. In 2022, significant external funding included a $1.75 million grant from the National Institute of Biomedical Imaging and Bioengineering for gastrointestinal/digestive cancer, and a $2.7 million grant from the National Institute of Health for genitourinary cancer. The organization's mission is to provide funding for cancer research at Siteman Cancer Center and Siteman Kids at St. Louis Children's Hospital through their annual cycling challenge, with the ultimate goal of finding a cure for cancer.
Official website here: www.pedalthecause.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 89% (Three-Star out of Four Stars)
Pedal The Cause has received a solid Three-Star rating from Charity Navigator, with an overall score of 89%. This score reflects a strong commitment to accountability and finance, as it is based solely on this category. The organization has demonstrated excellent governance practices, including a fully independent board and comprehensive financial oversight procedures, which are crucial for maintaining donor trust.
The charity's financial management shows a positive trend, with a program expense ratio of 69.23%, indicating that a significant portion of its expenditures goes directly to its mission-related activities. However, the fundraising efficiency ratio of $0.26, while acceptable, suggests that there may be room for improvement in how effectively the organization raises funds relative to its expenses. Additionally, the working capital ratio of 0.25 years could indicate potential short-term financial constraints.
Overall, Pedal The Cause showcases strong accountability mechanisms and a dedication to its mission, but it could enhance its fundraising strategies and financial reserves to ensure long-term sustainability and impact.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Pedal The Cause?
98% of 214 reviewers on Facebook recommend Pedal The Cause. Here's a summary of their reviews:
Many participants express a fantastic overall experience, highlighting the incredible energy among volunteers, riders, and supporters. The event weekend is particularly praised for offering a variety of activities that engage everyone involved. A standout feature mentioned is the Living Proof event, which attendees found to be unique and impactful.
Moreover, supporters appreciate the transparency regarding donations, with reassurance that every dollar raised goes directly to cancer research. Overall, the nonprofit's mission and the sense of community it fosters resonate strongly with its audience.
This AI summary has been generated from reviews found on Facebook.
Is Pedal The Cause legitimate?
Pedal The Cause is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pedal The Cause 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: $227,495
Professional Fundraising Fees: $0
Other Salaries and Wages: $516,754
For more financial information, click here
Official website here: www.pedalthecause.org
What is the mission statement of Pedal The Cause?
Pedal The Cause's mission is centered around conducting an annual fundraising bike challenge to raise awareness and funds for cancer research. Their primary goal is to provide funding for cancer research at Siteman Cancer Center and Siteman Kids at St. Louis Children's Hospital. The hope is that the research funded by Pedal The Cause will eventually lead to a cure for cancer. In 2022, over 3,200 adults and children participated in the event, supported by 400 volunteers, raising over $4.5 million. Over the past 13 years, Pedal The Cause has cumulatively donated $40.8 million, supporting 203 adult and pediatric cancer research projects. Significant breakthroughs made possible by Pedal The Cause funds include the development of DNA and peptide vaccines for multiple cancer types, among others. Pedal The Cause-funded clinical trials are a key component of the robust clinical trials program at Siteman Cancer Center. For every dollar Pedal The Cause donates to cancer research, researchers have successfully attracted significant additional external funding.
Official website here: www.pedalthecause.org
Who is the CEO of Pedal The Cause?
David Drier is the President of Pedal The Cause.
Official website here: www.pedalthecause.org
What is the revenue of Pedal The Cause?
Pedal The Cause's revenue in 2022 was $6,345,338.
Official website here: www.pedalthecause.org
Who are the executives of Pedal The Cause and what are their salaries?
The average compensation at Pedal The Cause during 2022 was $93,031. There are 8 employees and 402 volunteers at Pedal The Cause.
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- Compensation: $117,261
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- Other: $19,732
Official website here: www.pedalthecause.org
Where can I find the form 990 for Pedal The Cause?
Pedal The Cause's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pedalthecause.org
Learn more at the official website: www.pedalthecause.org
Mission Statement of Pedal The Cause
Pedal the Cause is an organization that annually conducts a fundraising bike challenge with the aim of raising awareness and funds for cancer research. Their mission is to provide funding for cancer research at Siteman Cancer Center and Siteman Kids at St. Louis Children's Hospital. This nonprofit believes that the research funded by Pedal the Cause could potentially lead to a cure for cancer.
In 2022, Pedal the Cause saw over 3,200 adults and children participating in the challenge, supported by 400 volunteers. Together, they raised over $4.5 million for cancer research. Over the past 13 years, Pedal the Cause has cumulatively donated $40.8 million, supporting 203 adult and pediatric cancer research projects. Funds from Pedal the Cause have been instrumental in obtaining Spore grants in leukemia and pancreatic cancer, which bring together a national group of experts for collaborative research. Pedal the Cause-funded clinical trials are a significant component of the robust clinical trials program at Siteman Cancer Center, which ranks as the largest cancer clinical trials program in the Midwest and the third largest in the country.
In addition, for every dollar Pedal the Cause donates to cancer research, researchers have successfully attracted significant additional external funding to further their research, averaging $12 for every $1 initial award. Notable 2022 external funding included a $1.75 million award from the National Institute of Biomedical Imaging and Bioengineering for gastrointestinal/digestive cancer and a $2.7 million National Institute of Health grant for genitourinary cancer, both derived from 2020 Pedal the Cause grants.
In essence, Pedal the Cause is a nonprofit that raises funds through an annual bike challenge to support cancer research at Siteman Cancer Center and Siteman Kids at St. Louis Children's Hospital. Their mission is to contribute to the discovery of a potential cure for cancer through research funding, and they have seen significant success in attracting additional funding and supporting clinical trials.
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Impact
October, 2024
Pedal The Cause significantly impacts cancer research by organizing an annual fundraising bike challenge that raises both awareness and essential funding. In 2022, over 3,200 participants, alongside 400 volunteers, raised more than $4.5 million, bolstering the fight against cancer. Over the past 13 years, this effort has culminated in $40.8 million in donations, supporting 203 cancer research projects for both adults and children.
The funds generated by Pedal The Cause have contributed to groundbreaking advancements in cancer treatment, including the development of DNA and peptide vaccines, innovative surgical tools like cancer goggles, and immunotherapy techniques that utilize the body's natural defenses. These contributions have been crucial in securing specialized grants, leading collaborative research initiatives in leukemia and pancreatic cancer.
Moreover, clinical trials funded by Pedal The Cause are integral to the Siteman Cancer Center's robust clinical trial program, recognized as the largest in the Midwest and the third largest nationally. Remarkably, for every dollar donated, researchers have been able to attract $12 in additional external funding, substantially amplifying the initial investment.
Significant achievements include securing a $1.75 million award from the National Institute of Biomedical Imaging and Bioengineering and a $2.7 million grant from the National Institute of Health, both stemming from previous Pedal The Cause grants. Through its dedicated efforts, Pedal The Cause aims to foster research that could ultimately lead to a cure for cancer.
This information is meant to be a general summary of Pedal The Cause. 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: $20,685
- Program Service Revenue: $334,480
- Gross Receipts: $6,486,156
Assets and Liabilities:
- Total Assets: $1,636,567
- Total Liabilities: $199,168
- Net Assets: $1,437,399
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RIDER REGISTRATION FEE
Revenue
$334,480
Organization Details
Founding Year
2010
Phone
(314) 787-1990Principal Officer
David Drier
Main Address
9288 DIELMAN INDUSTRIAL DRIVE, ST LOUIS, MO, 63132
Website
www.pedalthecause.orgNTEE Category
Code: P20 - Human services
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