2022-09-15T12:46:39-05:00 2021-10-31 132907212 FRENDEL BROWN & WEISSMAN LLP CPA'S 655 THIRD AVE - SUITE 1400 NEW YORK NY 10017 990 2020-11-01 813510640 AEVOLO CYCLING INC AEVO 2129650298 138 READE STREET NO GROUND NEW YORK NY 10013 STEVEN VAN DERZWAN PRESIDENT 2129650298 2022-09-15 1 STEVEN VAN DERZWAN 999009999 JOSEPH ABRAHAM P01430613 2128679630 2022-09-15 2 AAL1 IAL1 2020 2023-04-26 12:10:37Z STEVEN VAN DERZWAN 138 READE STREET NO GROUND NEW YORK NY 10013 485349 0 X N/A X 2016 DE AEVOLO CYCLING, INC. ("AEVOLO") IS A US-REGISTERED UCI CONTINENTAL CYCLING TEAM ORGANIZED FOR THE SPECIFIC PURPOSE OF DEVELOPING AMATEUR ATHLETES IN THE SPORT OF CYCLING AND ENCOURAGING THE PURSUIT OF CONTINUED EDUCATON AND INTELLECTUAL CURIOSITY. 3 3 2 0 0 0 387171 462120 0 0 1 0 20937 23229 408109 485349 0 0 0 0 120568 113098 0 0 0 270237 424980 390805 538078 17304 -52729 96433 91681 3625 51602 92808 40079 AEVOLO CYCLING, INC. ("AEVOLO") IS A US-REGISTERED UCI CONTINENTAL CYCLING TEAM ORGANIZED FOR THE SPECIFIC PURPOSE OF DEVELOPING AMATEUR ATHLETES IN THE SPORT OF CYCLING AND ENCOURAGING THE PURSUIT OF CONTINUED EDUCATON AND INTELLECTUAL CURIOSITY. 0 0 538078 AEVOLO CYCLING, INC. ("AEVOLO") FOCUSES ON DEVELOPING STUDENT ATHLETES BY PROVIDING TRAINING AND ACCESS TO PARTICIPATE IN CYCLING COMPETITIONS. THROUGHOUT THE YEAR, AEVOLO'S TEAM, WHICH EXCLUSIVELY COMPRISED OF RIDERS UNDER THE AGE 23, HAD PARTICIPATED IN NUMEORUS BICYCLE RACES TAKEN PLACE ACROSS THE COUNTRY. THE EXPOSURE TO PROFESSIONALLY ORGANIZED COMPETITION AND CONSTANT TRAINING GRADUALLY TURNING THEM INTO FUTURE ELITE CYCLISTS. 538078 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 DE X STEVEN VAN DER ZWAN 2129650298 138 READE STREET GROUND FLOOR NEW YORK NY 10013 STEVE VAN DER ZWAN DIRECTOR/PRESIDENT 6.00 0.00 X X 0 0 0 DOUGLAS ELLIS DIRECTOR/TREASURER 2.00 0.00 X X 0 0 0 ALSTON GARDNER DIRECTOR/SECRETARY 2.00 0.00 X X 0 0 0 MICHAEL CREED TEAM MANAGER 40.00 0.00 X 65000 0 0 65000 0 0 0 0 0 0 0 462120 462120 PPP LOAN 900099 23229 23229 23229 485349 23229 0 0 65000 65000 43200 43200 4898 4898 7526 7526 2681 2681 8484 8484 8343 8343 RACE COSTS 321075 321075 PARTS REPAIRS & MAINTEN 35833 35833 CYCLING WEAR 24395 24395 SERVICE COURSE RENTAL 15543 15543 1100 1100 538078 538078 0 0 23688 23096 891 8504 10319 131171 99153 37102 32018 26248 26248 96433 91681 3625 51602 3625 51602 X 0 0 0 0 92808 40079 92808 40079 96433 91681 -52729 0 X 0 0 0 X 495000 685310 586246 387170 462000 2615726 495000 685310 586246 387170 462000 2615726 2081802 533924 4 4 1 1 1 11 20937 23229 44166 2659903 0.20070 X AEVOLO IS INTENDED TO BE A PUBLIC SUPPORTED CHARITY. THE ORGANIZATION HAS ENCOUNTERED EXCEPTIONAL DIFFICULTIES WHICH HAVE PRESENTED CHALLENGES IN FUNDRAISING. THE COVID 19 PANDEMIC CAUSED A VIRTUAL CEASE IN PROGRESS AND FUNDRAISING. AEVOLO HAS MET THE 10% TEST BUT NOT THE 33.33% OF PUBLIC SUPPORT SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PPP LOAN - 2019 AMOUNT: $ 20,937. 2020 AMOUNT: $ 23,229. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 131171 99153 32018 32018 UCI BANK GUARANTEE 26248 26248 FORM 990, PART VI, SECTION B, LINE 11B PROCESS USED TO REVIEW THE FORM 990 AEVOLO CYCLING INC. FORM 990 WAS PREPARED BY AEVOLO'S EXTERNAL ACCOUNTANT, FRENDEL BROWN & WEISSMAN LLP, IN CONSULTATION WITH AEVOLO'S BOARD OF DIRECTORS. THE COMPLETED VERSION OF THE FORM 990 WAS PROVIDED TO THE BOARD FOR ITS REVIEW AND COMMENT. UPON APPROVAL BY THE BOARD, THE FORM 990 WAS FINALIZED AND FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH CONFLICT OF INTEREST POLICY THE BOARD OF DIRECTORS OVERSEES THE SUBMISSION OF THE ANNUAL DISCLOSURES BY THE DIRECTORS, OFFICERS, TRUSTEES, AND KEY EMPLOYEES, REVIEWS THE DISCLOSURES TO DETERMINE WHETHER THERE ARE ANY CONFLICTS OF INTEREST, AND MONITORS OVERALL COMPLIANCE WITH THE POLICY. IF ANY ACTUAL OR POTENTIAL CONFLICT WERE TO ARISE, LEGAL COUNSEL WOULD WORK WITH THE BOARD TO FACILITATE THE FAIRNESS OF THE TRANSACTION, TO ENSURE THE RECUSAL OF ANY INTERESTED PARTIES FROM ANY DELIBERATIONS, AND OTHERWISE MONITOR COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION THE DIRECTORS OF AEVOLO VOLUNTEER THEIR SERVICES AND RECEIVE NO COMPENSATION FROM AEVOLO OR ITS AFFILIATES. THE DIRECTOR/PRESIDENT, DIRECTOR/TREASURER AND DIRECTOR/SECRETARY ARE THE ONLY OFFICERS, DIRECTORS; THEY DO NOT RECEIVE COMPENSATION. AEVOLO'S BOARD OF DIRECTORS REVIEWS THE AFFILIATES BENEFITS AND COMPENSATION SURVEY AND GUIDELINES PROVIDED BY AEVOLO CYCLING, INC. ANNUALLY. IN ADDITION, THE BOARD SURVEYS OTHER LOCAL NON PROFITS TO ASSURE COMPETETIVENESS IN THE MARKETPLACE. ALL AEVOLO OFFICER, DIRECTOR, TRUSTEE, OR KEY EMPLOYEE SALARY CHANGES ARE APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST.