2024-05-09T12:40:18-04:00 2023-12-31 412024514 SOMMERVILLE & ASSOCIATES PC 2726 MATLOCK RD ARLINGTON TX 76015 990 2023-01-01 851436997 GROW CYCLING FOUNDATION CORPORATION GROW 6302401383 550 N CENTRAL EXPRESSWAY 176 MCKINNEY TX 75070 JOI JACKSON PRESIDENT 9187219477 2024-05-08 true JOI JACKSON 999009999 false SHANNON WOOD CPA P00390658 8177955046 2024-05-09 2023 2023-04-26 12:10:37Z JOI JACKSON 550 N CENTRAL EXPRESSWAY 176 MCKINNEY TX 75070 358393 false X HTTPS://GROWCYCLINGFOUNDATION.ORG X 2020 DE GROW CYCLING FOUNDATION PROMOTES EDUCATION, ACCESS AND ECONOMIC EMPOWERMENT OPPORTUNITIES THAT INCREASE INCLUSION AND BELONGING IN CYCLING AND THE OUTDOORS. 4 4 0 12 0 251334 357716 0 0 -238 154 251096 357870 428185 300988 0 0 0 0 25267 70329 453452 371317 -202356 -13447 272579 259132 0 272579 259132 X GROW CYCLING FOUNDATION PROMOTES EDUCATION, ACCESS AND ECONOMIC EMPOWERMENT OPPORTUNITIES THAT INCREASE INCLUSION AND BELONGING IN CYCLING AND THE OUTDOORS. false false 343008 300988 677 GROW CYCLING FOUNDATION ACHIEVED A SPECTACULAR MILESTONE IN 2023 WHEN WE OPENED THE VERY FIRST PUBLIC PUMPTRACK IN LOS ANGELES ON SEPTEMBER 24TH, 2023 OUR OPENING DAY EVENT BEGAN WITH A RIBBON CUTTING CEREMONY BY THE MAYOR AND CITY LEADERSHIP ALONG WITH NATIONAL AND INTERNATIONAL PROFESSIONAL ATHLETES, GLOBAL BRANDS, AND HUNDREDS OF DONORS AND SUPPORTERS. WE WELCOMED OVER 1,000 LA CHILDREN AND FAMILIES OF ALL AGES, BACKGROUNDS AND BIKE DISCIPLINES WHO CAME OUT TO RIDE THEIR BIKES AND SHARE IN THE JOY AND CELEBRATION OF FUN, SAFE CYCLING TOGETHER. GROW RAISED 100% OF THE FUNDS TO FINANCE AND DEVELOP OUR PUMPTRACK, MANAGED ALL GOVERNMENT AND REGULATORY APPROVALS ALONG WITH THE COMPLETE DESIGN, CONSTRUCTION AND COMPLETION OF THE CAPITAL PROJECT. WE SELECTED THE LOCATION OF THE INGLEWOOD PUMPTRACK TO BE BUILT IN A BEAUTIFUL, 55-ACRE PARK IN THE HEART OF INGLEWOOD, ONE OF THE MOST DIVERSE AND FASTED GROWING COMMUNITIES IN AMERICA. GROW'S INGLEWOOD PUMPTRACK IS AN ENVIRONMENTALLY SUSTAINABLE, COMMUNITY-BUILDING RECREATIONAL HUB, FORECASTED TO SERVE 250,000 PEOPLE/YEAR, MOSTLY KIDS. WE HAVE BEEN NAMED ONE OF THE TOP OUTDOOR DESTINATIONS IN LOS ANGELES BY VOX MEDIA/THRILLIST MAGAZINE. THE INGLEWOOD PUMPTRACK IS A POPULAR AND SIGNIFICANT PART OF THE CITY'S FAMOUS "SPORTS CAPITAL OF AMERICA" VENUES. WE ARE GROUND ZERO FOR SAFE YOUTH DISCOVERY AND EXPLORATION IN LOS ANGELES FOR MODERN, URBAN ACCESSIBLE CYCLING SPACES. OUR PROGRAMMING WILL DEVELOP AND PROVIDE PATHWAYS OF EDUCATION AND ACCESS TO ASPIRATIONAL AND FULFILLING CAREER DEVELOPMENT, ENTRY POINTS TO WORLD CHAMPIONSHIP RACING AND OLYMPIC EVENTS, AS WELL AS THE LIFELONG HEALTH, MENTAL WELLNESS AND SOCIAL BENEFITS OF CYCLING. OUR MILESTONE ACHIEVEMENT REPRESENTS WHAT THE CYCLING COMMUNITY AND INNOVATIVE COMMUNITIES LIKE INGLEWOOD CAN ACHIEVE WHEN WE COME TOGETHER. GROW'S JOB'S BOARD ATTRACTED OVER 11,000 APPLICANTS FOR ITS ASPIRATIONAL AND FULFILLING ACCESS TO JOBS WHERE FUN, HEALTHY, INCLUSIVE COMMUNITY- ORIENTED CYCLING CULTURE IS ENJOYED, EMBRACED AND/OR INTEGRATED IN CAREERS RANGING FROM ENTRY-LEVEL MECHANICS TO C-SUITE LEVEL POSITIONS AT GLOBAL BRANDS AND COMPANIES. OUR OUTREACH TO PROMOTE MORE BELONGING FOR WOMEN INCLUDE HYBRID AND REMOTE WORK FOR NEW AND/OR WORKING MOMS AND MORE DISCOVERY ACCESS FOR WOMEN WHO HAVE NEVER CONSIDERED WORKING PROFESSIONALLY IN CYCLING BEFORE. GROW PROVIDES AWARD WINNING RESEARCH-BASED EDUCATIONAL PROGRAMS TO INGLEWOOD PUBLIC SCHOOLS THAT NOT ONLY HELP STUDENTS LEARN TO RIDE AND DEVELOP SAFE CYCLING SKILLS, BUT ALSO FOCUS ON THE PHYSICAL, BEHAVIORAL AND MENTAL HEALTH BENEFITS OF CYCLING FOR CHILDREN. WE PARTNER WITH UCLA TO HELP US COLLECT DATA AND MEASURE RESULTS IN OUR RESEARCH-BASED PROGRAMS. STUDENTS SHOW INCREASED ATTENDANCE ON CYCLING DAYS, AND REPORT BETTER SLEEP, BETTER FOCUS IN CLASS AND FEELING HAPPIER WHEN THEY CYCLE. 343008 true true false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false false false false false X 4 4 true false false false false false false true true false false true true true true true true false false false CA X J JACKSON 8059076989 550 N CENTRAL EXPWY 176 MCKINNEY TX 75070 X KATIE HOLDEN VICE-CHAIRMA 1.00 X X 0 0 0 ELIOT JACKSON FOUNDER & CH 1.00 X X 0 0 0 JOI JACKSON PRESIDENT 1.00 X X 0 0 0 GREG MINNAAR DIRECTOR 1.00 X 0 0 0 false false false 281964 75752 357716 677 523 154 154 357870 154 300988 300988 2500 2500 2745 2745 16243 16243 1422 1422 2310 2310 5834 5834 EQUIPMENT RENTAL 39275 39275 371317 343008 28309 0 272579 259132 272579 259132 0 0 X 272579 259132 272579 259132 272579 259132 -13447 X false false false X 165123 379198 251334 357716 1153371 165123 379198 251334 357716 1153371 204785 948586 300 300 1153671 128570 X PART II, LINE 10 REFUNDS 300 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false CITY OF INGLEWOOD ONE MANCHESTER BOULEVARD INGLEWOOD CA 90301 956000726 GOV 299488 BUILD PUMPTRACK 1 SCHEDULE I, PAGE 1, PART I, LINE 2 GROW CYCLING FOUNDATION GIVES ORGANIZATIONS WHO ARE WORKING TO GROW THE CYCLING COMMUNITY, GRANTS AND ASSISTANCES IN THOSE EFFORTS AS UNRESTRICTED CASH FOR THE ORGANIZATION TO DO AS THEY SEE FIT. FORM 990, PAGE 2, PART III, LINE 4A GROW CYCLING FOUNDATION ACHIEVED A SPECTACULAR MILESTONE IN 2023 WHEN WE OPENED THE VERY FIRST PUBLIC PUMPTRACK IN LOS ANGELES ON SEPTEMBER 24TH, 2023 OUR OPENING DAY EVENT BEGAN WITH A RIBBON CUTTING CEREMONY BY THE MAYOR AND CITY LEADERSHIP ALONG WITH NATIONAL AND INTERNATIONAL PROFESSIONAL ATHLETES, GLOBAL BRANDS, AND HUNDREDS OF DONORS AND SUPPORTERS. WE WELCOMED OVER 1,000 LA CHILDREN AND FAMILIES OF ALL AGES, BACKGROUNDS AND BIKE DISCIPLINES WHO CAME OUT TO RIDE THEIR BIKES AND SHARE IN THE JOY AND CELEBRATION OF FUN, SAFE CYCLING TOGETHER. GROW RAISED 100% OF THE FUNDS TO FINANCE AND DEVELOP OUR PUMPTRACK, MANAGED ALL GOVERNMENT AND REGULATORY APPROVALS ALONG WITH THE COMPLETE DESIGN, CONSTRUCTION AND COMPLETION OF THE CAPITAL PROJECT. WE SELECTED THE LOCATION OF THE INGLEWOOD PUMPTRACK TO BE BUILT IN A BEAUTIFUL, 55-ACRE PARK IN THE HEART OF INGLEWOOD, ONE OF THE MOST DIVERSE AND FASTED GROWING COMMUNITIES IN AMERICA. GROW'S INGLEWOOD PUMPTRACK IS AN ENVIRONMENTALLY SUSTAINABLE, COMMUNITY-BUILDING RECREATIONAL HUB, FORECASTED TO SERVE 250,000 PEOPLE/YEAR, MOSTLY KIDS. WE HAVE BEEN NAMED ONE OF THE TOP OUTDOOR DESTINATIONS IN LOS ANGELES BY VOX MEDIA/THRILLIST MAGAZINE. THE INGLEWOOD PUMPTRACK IS A POPULAR AND SIGNIFICANT PART OF THE CITY'S FAMOUS "SPORTS CAPITAL OF AMERICA" VENUES. WE ARE GROUND ZERO FOR SAFE YOUTH DISCOVERY AND EXPLORATION IN LOS ANGELES FOR MODERN, URBAN ACCESSIBLE CYCLING SPACES. OUR PROGRAMMING WILL DEVELOP AND PROVIDE PATHWAYS OF EDUCATION AND ACCESS TO ASPIRATIONAL AND FULFILLING CAREER DEVELOPMENT, ENTRY POINTS TO WORLD CHAMPIONSHIP RACING AND OLYMPIC EVENTS, AS WELL AS THE LIFELONG HEALTH, MENTAL WELLNESS AND SOCIAL BENEFITS OF CYCLING. OUR MILESTONE ACHIEVEMENT REPRESENTS WHAT THE CYCLING COMMUNITY AND INNOVATIVE COMMUNITIES LIKE INGLEWOOD CAN ACHIEVE WHEN WE COME TOGETHER. GROW'S JOB'S BOARD ATTRACTED OVER 11,000 APPLICANTS FOR ITS ASPIRATIONAL AND FULFILLING ACCESS TO JOBS WHERE FUN, HEALTHY, INCLUSIVE COMMUNITY- ORIENTED CYCLING CULTURE IS ENJOYED, EMBRACED AND/OR INTEGRATED IN CAREERS RANGING FROM ENTRY-LEVEL MECHANICS TO C-SUITE LEVEL POSITIONS AT GLOBAL BRANDS AND COMPANIES. OUR OUTREACH TO PROMOTE MORE BELONGING FOR WOMEN INCLUDE HYBRID AND REMOTE WORK FOR NEW AND/OR WORKING MOMS AND MORE DISCOVERY ACCESS FOR WOMEN WHO HAVE NEVER CONSIDERED WORKING PROFESSIONALLY IN CYCLING BEFORE. GROW PROVIDES AWARD WINNING RESEARCH-BASED EDUCATIONAL PROGRAMS TO INGLEWOOD PUBLIC SCHOOLS THAT NOT ONLY HELP STUDENTS LEARN TO RIDE AND DEVELOP SAFE CYCLING SKILLS, BUT ALSO FOCUS ON THE PHYSICAL, BEHAVIORAL AND MENTAL HEALTH BENEFITS OF CYCLING FOR CHILDREN. WE PARTNER WITH UCLA TO HELP US COLLECT DATA AND MEASURE RESULTS IN OUR RESEARCH-BASED PROGRAMS. STUDENTS SHOW INCREASED ATTENDANCE ON CYCLING DAYS, AND REPORT BETTER SLEEP, BETTER FOCUS IN CLASS AND FEELING HAPPIER WHEN THEY CYCLE. FORM 990, PAGE 6, PART VI, LINE 2 ELIOT JACKSON JOI JACKSON CHAIRMAN PRES/DIR FAMILY RELATIONSHIP FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PREPARED BY A THIRD PARTY CPA FIRM. UPON COMPLETION, THE FORM IS PROVIDED TO ONE OR MORE BOARD MEMBERS, AND/OR SENIOR STAFF THAT REVIEW AND MAKE RECOMMENDATIONS TO THE FULL BOARD WITH RESPECT TO APPROVAL OF FORM 990. THE REVIEW IS BASED ON BOARD-ASSIGNED TASKS OR RESPECTIVE EXPERTISE. FORM 990, PAGE 6, PART VI, LINE 12C DIRECTORS RECEIVE A CONFLICT OF INTEREST POLICY AND PROCEDURES AND ARE REQUIRED TO SIGN AND DATE THE POLICY DISCLOSURE FORM AT THE BEGINNING OF THEIR TERM OF SERVICE. DIRECTORS ARE ALSO REQUIRED TO SIGN AND UPDATE THE POLICY DISCLOSURE FORM AT THE BEGINNING OF EACH CALENDAR YEAR. FAILURE TO UPDATE OR SIGN THE POLICY DISCLOSURE FORM, HOWEVER, DOES NOT NULLIFY A DIRECTOR'S OBLIGATIONS UNDER THE POLICY. THE FOLLOWING PROCEDURES ARE FOLLOWED WHEN A CONFLICT OF INTEREST ARISES WITH RESPECT TO ANY DIRECTOR: 1.THE DIRECTOR MUST PROMPTLY MAKE FULL DISCLOSURE OF THE CONFLICT OF INTEREST TO THE QUALIFIED DIRECTORS OF THE BOARD. THE DIRECTOR MUST DISCLOSE (A) THE EXISTENCE AND NATURE OF THE DIRECTOR'S CONFLICT OF INTEREST AND (B) ALL FACTS KNOWN TO HIM, HER, OR THEIR REGARDING THE SUBJECT MATTER OF THE TRANSACTION OR SITUATION THAT AN ORDINARILY PRUDENT PERSON WOULD REASONABLY BELIEVE TO BE MATERIAL TO A JUDGMENT ABOUT WHETHER OR NOT TO PROCEED WITH THE TRANSACTION OR HOW TO DEAL WITH THE SITUATION. 2.FOR PURPOSES OF THIS POLICY, A "QUALIFIED DIRECTOR" MEANS ANY DIRECTOR WHO DOES NOT HAVE EITHER (A) A CONFLICT OF INTEREST WITH RESPECT TO THE TRANSACTION OR SITUATION, OR (B) A FAMILIAL, FINANCIAL, PROFESSIONAL, OR EMPLOYMENT RELATIONSHIP WITH A SECOND DIRECTOR WHO DOES HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE TRANSACTION OR SITUATION, WHICH RELATIONSHIP WOULD, IN THE CIRCUMSTANCES, REASONABLY BE EXPECTED TO EXERT AN INFLUENCE ON THE FIRST DIRECTOR'S JUDGMENT WHEN VOTING ON THE TRANSACTION OR SITUATION. 3.THE QUALIFIED DIRECTORS WILL DISCUSS THE CONFLICT OF INTEREST AND, DEPENDING ON THE NATURE OF THE CONFLICT OF INTEREST, VOTE ON EITHER (A) WHETHER OR NOT TO CONTINUE THE TRANSACTION AT ISSUE OR (B) MEASURES TO ADDRESS THE SITUATION AT ISSUE. DIRECTORS SUBJECT TO A CONFLICT OF INTEREST SHALL NOT BE PERMITTED TO BE PRESENT OR TO PARTICIPATE IN THE DELIBERATIONS OR VOTE OF THE QUALIFIED DIRECTORS WITH RESPECT TO SUCH CONFLICT OF INTEREST. RECUSAL OF THE DIRECTOR SHALL REQUIRE SUCH DIRECTOR TO PHYSICALLY REMOVE HIMSELF, HERSELF OR THEMSELVES FROM A MEETING, CONFERENCE CALL, E- MAIL, LISTSERV, OR ANY OTHER ELECTRONIC COMMUNICATIONS. 4.THE CONFLICT OF INTEREST TRANSACTION OR SITUATION SHALL BE APPROVED ONLY UPON THE AFFIRMATIVE VOTE OF A MAJORITY, BUT NO FEWER THAN TWO, OF THOSE QUALIFIED DIRECTORS ON THE BOARD OR ON A DULY EMPOWERED COMMITTEE OF THE BOARD (WHO VOTED ON THE TRANSACTION AFTER REQUIRED DISCLOSURE TO THEM); PROVIDED, THAT ACTION BY A COMMITTEE IS EFFECTIVE ONLY IF (A) ALL COMMITTEE MEMBERS ARE QUALIFIED DIRECTORS, AND (B) COMMITTEE MEMBERS ARE EITHER ALL THE QUALIFIED DIRECTORS ON THE BOARD OR ARE APPOINTED BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE QUALIFIED DIRECTORS ON THE BOARD. A MAJORITY, BUT NO FEWER THAN TWO, OF ALL THE QUALIFIED DIRECTORS ON THE BOARD, OR ON THE COMMITTEE, CONSTITUTES A QUORUM FOR PURPOSES OF THE VOTE DESCRIBED ABOVE. 5.WHEN A CONFLICT EXISTS, RESOLUTION OF THE MATTER MAY INCLUDE (A) APPROVING OR DISAPPROVING ANY TRANSACTION OR SITUATION AT ISSUE; (B) REQUIRING THE DIRECTOR TO REMOVE HIMSELF, HERSELF OR THEMSELVES FROM POSITIONS IN WHICH THE CONFLICT OF INTEREST EXISTS UNTIL THERE IS NO LONGER A CONFLICT; OR (C) REQUIRING THE DIRECTOR TO DISCONTINUE, REDUCE, OR MODIFY HIS, HER, OR THEIR PARTICIPATION IN THE BOARD, COMMITTEES, OR TASK FORCES WHERE THE CONFLICT EXISTS. 6.IN ADDITION TO THE PROCEDURES DESCRIBED ABOVE, DIRECTORS HAVE AN OBLIGATION TO ADDRESS ANY PERCEIVED CONFLICT OF INTEREST OF OTHER DIRECTORS IF THEY ARE AWARE OF SUCH CONFLICTS WITH RESPECT TO MATTERS PERTAINING TO GROW CYCLING FOUNDATION. FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION DID NOT COMPENSATE A TOP OFFICIAL DURING THE YEAR. FORM 990, PAGE 6, PART VI, LINE 15B THE ORGANIZATION DID NOT COMPENSATE AN OFFICER OR KEY EMPLOYEE DURING THE YEAR. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION PROVIDES GOVERNING DOCUMENTS AS REQUIRED FOR ORGANIZATIONS RECOGNIZED AS EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)3 FOR PUBLIC INSPECTION UPON WRITTEN REQUEST.