CYCLE Houston
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
CYCLE Houston meets the 20 Standards for Charity Accountability.
Stated Purpose:
Elves & More dba CYCLE is a children's charity that rewards students with new bicycles for achieving better academic performance in the classroom. Our mission is "Changing Young Children's Lives through Education."
Year, State Incorporated:
2004, TX
Also Known As:
Elves & More, Inc. Changing Young Lives Through Education
On September 12, 2015, Elves & More officially became CYCLE. We are still a children's charity that rewards children with a new bicycle for achieving better academic performance in the classroom, but have expanded our program to include spring, summer, and fall reading programs. We still focus on at-risk children living in Harris County, an area in which more than 300,000 children live in poverty, and we will continue to concentrate on Kindergarten through 3rd grade. Our goal is to give children a firm foundation in literacy.
In 2015 CYCLE served 8,604 students.
For the year ended December 31, 2019, CYCLE Houston's program expenses were:
| Program Services | $652,571 |
| Total Program Expenses | $652,571 |
Chief Executive
Rebecca Roberts, Executive Director
Chair's Profession / Business Affiliation
Not disclosed
Board Size
18
Paid Staff Size
2
Method(s) Used:
Invitations to fund raising events, Internet
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on CYCLE Houston's audited financial statements for the year ended December 31, 2019.
Source of Funds
| Bicycle Ball and other event revenues | $373,313 |
| Company and individual contributions | $268,359 |
| In-kind contributions | $268,349 |
| Grants and foundation | $19,424 |
| Other | $4,034 |
| Total Income | $933,479 |
Programs: 75% Fundraising: 9% Administrative: 6%
| Total Income | $933,479 |
| Total expenses: | $866,836 |
| Program expenses | $652,571 |
| Fundraising expenses | $75,603 |
| Administrative expenses | $54,248 |
| Other expenses | $84,414 |
| Income in Excess of Expenses | $66,643 |
| Beginning Net Assets | $-22,428 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $44,215 |
| Total Liabilities | $37,422 |
| Total Assets | $81,637 |
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB of Greater Houston and South Texas