| Return Reference | Explanation |
|---|---|
| Form 990-EZ, Part I, Line 6b | Schedule G, Part II - Gross Income Reconciliation: The software did not allow for entry of event contributions on Line 1c. In addition to the $41,430.11 in entry fees reported on Line 1a, the organization received $10,000 in contributions specifically for this event to fund cash prizes. The total gross income for the event was $51,430.11. The event's direct expenses of $46,904.84 included the $10,000 in prize money. The true net income from the event was $4,525.27. |
| Form 990-EZ, Part I, Line 10 | Contributions from charity race of $4065 granted to 4 National Interscholastic Cycling Association( NICA) teams including Berkeley High, El Cerrito HS, Albany HS and Oakland Composite. The BBC have raised over $150K in cash and equipment for these NICA teams by organizing charity fundraisers (Berkeley Omnium, Berkeley Hills Road Race). Additional grant of $1000 to Hopper Adventures LLC for Low Gap U19 Mentorship sponsorship and $1000 to Eclipse Racing, a 501c3 (EIN 87-2562557). |
| Form 990-EZ, Part I, Line 16 | Description;Amount^Club insurance;4752|Storage rental fees;2800|PayPal fees;708|Online services;429|Government filing fees business license etc;328|USPS PO Box;236^Total;9253^ |
| Form 990-EZ, Part II, Line 26 | Description;EOY Amount^Deferred revenue 2025 event sponsor contribution for prize money;5000^Total;5000^ |
| Software ID: | 24021167 |
| Software Version: | v1.00 |