Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
Outride
fka The Specialized Foundation
Number and street (or P.O. box number if mail is not delivered to street address)15130 Concord Circle
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Morgan Hill, CA95037
A Employer identification number

47-2817949
B Telephone number (see instructions)

(408) 779-6229
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$3,328,829J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 1,973,822
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 34,863 34,863 34,863
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances 123,883
b Less: Cost of goods sold.... 117,832
c Gross profit or (loss) (attach schedule)..... 6,051 6,051
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 2,014,736 34,863 40,914
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 108,743 0 2,262 106,481
14 Other employee salaries and wages...... 377,670 0 7,856 369,814
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
3,782 0 79 3,703
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
32,403 0 674 31,729
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,598 0 33 1,565
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
1,964 0 0
20 Occupancy..............        
21 Travel, conferences, and meetings....... 123,788 0 2,575 121,213
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
265,440 0 5,521 259,919
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 915,388 0 19,000 894,424
25 Contributions, gifts, grants paid....... 1,234,941 1,234,941
26 Total expenses and disbursements. Add lines 24 and 25 2,150,329 0 19,000 2,129,365
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -135,593
b Net investment income (if negative, enter -0-) 34,863
c Adjusted net income (if negative, enter -0-)... 21,914
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 2,792,837 1,052,412 1,052,412
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow66,208
Less: allowance for doubtful accounts right arrow   502,219 66,208 66,208
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use.............. 139,440 145,700 145,700
9 Prepaid expenses and deferred charges.......... 32,001 34,085 34,085
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule)....... 0 Click to see attachment
List of Attached Documents:
// Content
2,028,966 		2,024,513
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow39,584
Less: accumulated depreciation (attach schedule) right arrow33,673 7,875 Click to see attachment
List of Attached Documents:
// Content
5,911 		5,911
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,474,372 3,333,282 3,328,829
Liabilities 17 Accounts payable and accrued expenses.......... 77,179 76,135
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 77,179 76,135
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 2,013,460 2,469,162
25 Net assets with donor restrictions............ 1,383,733 787,985
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 3,397,193 3,257,147
30 Total liabilities and net assets/fund balances (see instructions). 3,474,372 3,333,282
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
3,397,193
2
Enter amount from Part I, line 27a .....................
2
-135,593
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
3,261,600
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
4,453
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,257,147
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 485
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 485
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 485
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 485
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
Yes
 
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowwww.outridebike.org
14
The books are in care ofright arrowJeff Schwartz Telephone no.right arrow (408) 779-6229

Located atright arrow15130 Concord CircleMorgan HillCA ZIP+4right arrow95037
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Michael Sinyard Director & President
1.00 		0 0 0
15130 Concord Circle
Morgan Hill,CA95037
Michael Haynes Director & Treasurer
1.00 		0 0 0
15130 Concord Circle
Morgan Hill,CA95037
David Wood Executive Director, Secretary
40.00 		108,743 1,500 0
15130 Concord Circle
Morgan Hill,CA95037
Joseph M Tiller Director & Asst Secretary
1.00 		0 0 0
15130 Concord Circle
Morgan Hill,CA95037
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
Esther Walker Senior Research Mang
40.00 		170,392 0 0
15130 Concord Circle
Morgan Hill,CA95037
Chazz Robinson Programs Leader
40.00 		137,407 0 0
15130 Concord Circle
Morgan Hill,CA95037
Breanne Cannon Program Manger - Rid
40.00 		97,262 0 0
15130 Concord Circle
Morgan Hill,CA95037
Lauren Freeman Program Manger - Rid
40.00 		83,940 0 0
15130 Concord Circle
Morgan Hill,CA95037
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 Riding For Focus:In 2024, Outride granted 46 new middle schools the Riding For Focus program across the US and Canada. The program integrates a cycling program into the physical education curriculum to improve students cognitive, physical, and socio-emotional wellbeing. To support the programs, outride granted 1,500 bikes and helmets and trained 150 teacher Champions in the Riding For Focus curriculum. Additionally, Outride updated the entire Riding For Focus curriculum and hosted anin-person training event in Morgan Hill. 1,190,732
2 Research:Outride's research program advances understanding of how cycling supports cognitive, social, and emotional well-being. In 2024, we expanded our impact through both applied research and academic collaboration. We were awarded two new research grants to study the effects of cycling in nature on student mental health and to explore cycling's influence on brain health across the lifespan. These projects launched new partnerships with Loma Linda University School of Medicine and the University of Oklahoma. Additionally, Outride awarded two research grants to support the evaluation of youth cycling programs and their impact on social-emotional learning outcomes, in collaboration with the University of Wyoming (Laramie Middle School) and the University of Utah (Hillside Middle School). We prioritized public dissemination of findings by presenting at multiple conferences and workshops, and by hosting our annual Outride Summit to share insights on the impact of cycling on health. 299,447
3 Outride Fund/Community Grants:Outride's Community Impact Grant empowers local communities to invest in youth cycling programs through direct grants. In 2024, Outride awarded one round of Community Impact Grants. This, the seventh round, committed over $350,000 in grants to 43 organizations focused on providing cycling programming to help youth improve their well-being. Outride's Community Impact Grant has now committed over $2,500,000 in grants via 255 community grants in 45 states since its inception in 2019.Grantees include organizations like Prime Ability Youth Cycling, a community organization working with youth from Washington DC to use cycling as a empowerment tool and to build leadership skills. The program also supported the BikeLibrary in Iowa City, Iowa, whose mission is empower people to make bicycling a primary form of transportation in their community through various programs. 583,234
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
0
b
Average of monthly cash balances.......................
1b
1,922,625
c
Fair market value of all other assets (see instructions)................
1c
1,014,482
d
Total (add lines 1a, b, and c).........................
1d
2,937,107
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
2,937,107
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
44,057
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,893,050
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
144,653
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
 
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
 
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
 
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
2,129,365
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,129,365
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7  
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$  
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2024.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		 
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
2014-10-15
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
21,914 0 97,441 0 119,355
b 85% (0.85) of line 2a ......... 18,627 0 82,825 0 101,452
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		2,129,365 2,164,233 3,027,729 2,287,593 9,608,920
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		0 2,171,405 3,040,503 2,288,695 7,500,603
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		2,129,365 -7,172 -12,774 -1,102 2,108,317
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......   3,474,372 3,240,705 2,598,580 9,313,657
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		         0
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		96,435 91,592 82,940 61,650 332,617
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		        0
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		        0
(3) Largest amount of support
from an exempt organization		         0
(4) Gross investment income         0
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

Bert Edwards Science and Technology

711 Windsor Avenue
Kamloops,BCV281L6
CA 		  GOV To improve lives of kids with learning differences. 13,199

Dr Martin Luther King Jr Middle School

350 Girard Street
San Francisco,CA94134 		  GOV To improve lives of kids with learning differences. 12,768

Fremont Middle School

500 W State Street Suite A
Fremont,OH43420 		  GOV To improve lives of kids with learning differences. 15,378

Ivy Academy Chattanooga

8520 Dayton Pk
SoddyDaisy,TN37379 		  GOV To improve lives of kids with learning differences. 12,270

Mile High 360

1265 Mariposa Street
Denver,CO80204 		  pc To improve lives of kids with learning differences. 6,735

Morningside Middle School

2731 Gordon Street
North Charleston,SC29405 		  GOV To improve lives of kids with learning differences. 12,420

Pittsburgh Allegheny 6-8

810 Arch St
Pittsburgh,PA15212 		  gov To improve lives of kids with learning differences. 10,350

Summit High School

16201 CO-9
Breckenridge,CO80424 		  GOV To improve lives of kids with learning differences. 12,420

Alameda Middle School

401 Pacific Ave
Alameda,CA94501 		  GOV To improve lives of kids with learning differences. 13,248

Apollo Middle School

631 Richards Road
Nashville,TN37215 		  GOV To improve lives of kids with learning differences. 14,016

Appling MS

1210 Shurling Drive
Macon,GA31211 		  GOV To improve lives of kids with learning differences. 12,870

Argyle Middle School

191 Highway 377
Argyle,TX76226 		  GOV To improve lives of kids with learning differences. 14,490

Barrie's Ski and SportFranklin MS

2271 E Terry St
Pocatello,ID83201 		  GOV To improve lives of kids with learning differences. 12,270

Battle Creek Middle School

215 University Ave W
Saint Paul,MN55103 		  GOV To improve lives of kids with learning differences. 19,710

Beyond

23 W 4th Street
Tuscon,AZ85705 		  PC To improve lives of kids with learning differences. 5,000

Big Laurel Learning Center

PO Box 266
Kermit,WV25674 		  PC To improve lives of kids with learning differences. 5,000

Barrie's Ski and SportKinport

624 Yellowstone Ave
Pocatello,ID83201 		  PC To improve lives of kids with learning differences. 10,766

Barrie's Ski and Sports Hawthrone MS

14120 Hawthorne Blvd
Hawthorne,CA90250 		  PC To improve lives of kids with learning differences. 12,495

Boys & Girls Club of Silicon Valley

15 W San Fernando St
San Jose,CA95113 		  PC To improve lives of kids with learning differences. 4,950

Bike Cleveland

3000 Bridge Ave
Cleveland,OH44113 		  pc To improve lives of kids with learning differences. 14,625

Bike Club OKC

1501 Glenwood Ave Ste 123-622
Nicholas Hills,OK73116 		  PC To improve lives of kids with learning differences. 10,000

Bike Library

1222 South Gilbert Court
Iowa City,IA52240 		  pc To improve lives of kids with learning differences. 15,000

BIKE513Cincinnati College Prep

1425 Linn St
Cincinnati,OH452142605 		  pc To improve lives of kids with learning differences. 14,490

Bikes Not Bombs Inc

284 Amory Street
Jamaica Plain,NY02130 		  PC To improve lives of kids with learning differences. 15,000

Campfire Cycling

15 E Toole Ave
Tucson,AZ85701 		  PC To improve lives of kids with learning differences. 8,685

Carmody Middle School

2050 South Kipling Street
Lakewood,CO80227 		  GOV To improve lives of kids with learning differences. 14,220

Center for Recreation Education Arts Technology & Enterprise Inc

80 GA Hwy 22 W
Milledgeville,GA31061 		  PC To improve lives of kids with learning differences. 15,000

Columbia Heights Educational Campus

3101 16th Street
NW Washington,DC20010 		  GOV To improve lives of kids with learning differences. 16,590

Corning Painted Post Middle School

35 Victory Highway
Painted Post,NY14870 		  GOV To improve lives of kids with learning differences. 16,560

Community Bike Works

235 N Madison Street
Allentown,PA18102 		  PC To improve lives of kids with learning differences. 5,000

Davidson Middle School

6261 Old Bethel Rd
Crestview,FL32536 		  GOV To improve lives of kids with learning differences. 15,802

DC Bike Academy

3115 Martin Luther King Jr Ave
Washington,DC20032 		  PC To improve lives of kids with learning differences. 5,000

Dedham School

2065 Main Road
Dedham,ME04429 		  GOV To improve lives of kids with learning differences. 7,500

Dewitt Middle School

2957 W Herbison Road
DeWitt,MI48820 		  GOV To improve lives of kids with learning differences. 2,484

Double Peak School V

111 San Elijo Road
San Marcos,CA92078 		  GOV To improve lives of kids with learning differences. 1,000

El Shaddai Family Ranch Foster Family Agency

1634 Poole Boulevard
Yuba City,CA95993 		  PC To improve lives of kids with learning differences. 5,000

El Grupo Youth Cycling

610 North 9th Ave
Tucson,AZ85705 		  PC To improve lives of kids with learning differences. 15,000

Elder Middle School

709 NW 21ST
Fort Worth,TX76164 		  GOV To improve lives of kids with learning differences. 600

Free Bikes 4 Kids - Eugene v

811 West 6th Ave
Eugene,OR97402 		  PC To improve lives of kids with learning differences. 4,500

Ghisallo Cycling Initiative

2401 East 6th Street Ste 3037-330
Austin,TX78702 		  PC To improve lives of kids with learning differences. 15,000

Girls in Gear

125 Gates Ave Apt 43
Montclair,NJ07042 		  PC To improve lives of kids with learning differences. 30,000

Good Medicine presented by REZDURO

PO Box 339
Kykotsmovi,AZ86039 		  PC To improve lives of kids with learning differences. 15,000

Granite State Adaptive

44 Mirron Lake Drive
Mirror Lake,NH03853 		  PC To improve lives of kids with learning differences. 10,000

Grass Valley Charter School

10840 Gilmore Way
Grass Valley,CA95945 		  GOV To improve lives of kids with learning differences. 13,185

Gratiot

214 E Center Street
Ithaca,MI48847 		  GOV To improve lives of kids with learning differences. 16,560

Hancock Central MS

11311 Hwy 15 North
Sparta,GA31087 		  PC To improve lives of kids with learning differences. 12,870

Hart Middle School

4433 Willow Road
Pleasanton,CA94588 		  GOV To improve lives of kids with learning differences. 13,035

High Fives Foundation

10775 Pioneer Trail
Truckee,CA96161 		  GOV To improve lives of kids with learning differences. 13,692

Hillside Middle School

1825 East Nevada St
Salt Lake City,UT84108 		  GOV To improve lives of kids with learning differences. 4,740

Holton Middle High School

6477 Syers Road
Holton,MI49425 		  GOV To improve lives of kids with learning differences. 1,000

Hudson Junior High School

215 Harry Howard Avenue
Hudson,NY12534 		  GOV To improve lives of kids with learning differences. 16,590

I Challenge Myself

12 Berrian Place
Greenwhich,CT06830 		  PC To improve lives of kids with learning differences. 4,000

InTandem Cycling

11 Times Square 35th Flr
New York,NY10036 		  PC To improve lives of kids with learning differences. 15,000

Irving Middle School

911 N Grant Ave
Pocatello,ID83204 		  GOV To improve lives of kids with learning differences. 5,700

James Hart Middle School

9127 Liable Road
Highland,IN46322 		  GOV To improve lives of kids with learning differences. 6,000

Jefferson Douglass Academy

6861 E Nevada St
Detroit,MI48234 		  GOV To improve lives of kids with learning differences. 12,870

Kewaskum MS

1676 Reigle Drive PO Box 432
Kewaskum,WI53040 		  GOV To research the effects of cycling on the brain. 600

Kids On Bikes

702 East Boulder Street
Colorado Springs,CO80903 		  PC To improve lives of kids with learning differences. 9,000

Kingbridge MS

660 West 237 Street
Bronx,NY10463 		  GOV To improve lives of kids with learning differences. 8,580

Kiser Middle School

716 Benjamin Pkwy
Greensboro,NC11178 		  GOV To improve lives of kids with learning differences. 11,178

La Paz Middle School

1300 N Sanborn Rd
Salinas,CA93905 		  GOV To improve lives of kids with learning differences. 11,818

Lakewood Middle School

16800 16th Dr NE
Marysville,WA98271 		  GOV To improve lives of kids with learning differences. 15,650

Laurel Tree Charter School

4555 Valley West Blvd
Arcata,CA955214683 		  GOV To improve lives of kids with learning differences. 11,625

LBMS Bike Club

6460 North Figueroa St
Los Angeles,CA90042 		  PC To improve lives of kids with learning differences. 2,000

Lisbon Regional School

24 Highland Ave
Lisbon,NH035851399 		  GOV To improve lives of kids with learning differences. 8,580

Lucky to Ride

2751 West Oxford Ave
Englewood,CO80110 		  PC To improve lives of kids with learning differences. 7,000

Lyman Gilmore Middle School

10837 Rough and Ready Hwy
Grass Valley,CA959458522 		  GOV To improve lives of kids with learning differences. 14,655

Mack Cycle & Fitness

5995 Sunset Dr
Miami,FL33143 		  PC To improve lives of kids with learning differences. 16,590

McNair MS

2190 Wallingford Dr
Decatur,GA30032 		  GOV To improve lives of kids with learning differences. 12,870

Mescalero Apache School

249 White Mountain Dr
Mescalero,NM88340 		  GOV To improve lives of kids with learning differences. 12,420

Morley Stanwood Middle School

4700 Northland Drive
Morley,MI49336 		  GOV To improve lives of kids with learning differences. 14,490

Norte Youth Cycling

655 E 100 S St
Traverse City,MI49686 		  PC To improve lives of kids with learning differences. 5,000

Northeast Guilford Middle School

6720 McLeansville Road
McLeansville,NC27301 		  GOV To improve lives of kids with learning differences. 15,015

Odessa Shannon Middle School

11800 Monticello Ave
Silver Spring,MD20902 		  GOV To improve lives of kids with learning differences. 14,315

OutCycling Fearless Flyers

1460 Broadway
New York,NY10036 		  PC To improve lives of kids with learning differences. 15,000

Outdoor Outreach

3980 Shreman Stree Suite 160
San Diego,CA92110 		  PC To improve lives of kids with learning differences. 15,000

Payson MS

851 West 450
SouthPayson,UT84651 		  GOV To improve lives of kids with learning differences. 30

Pedaling Minds

2925 Moorhead Ave
Boulder,CO80305 		  PC To improve lives of kids with learning differences. 5,000

Pittsburgh King PreK-8

50 Montgomery Pl
Pittsburgh,PA15212 		  GOV To improve lives of kids with learning differences. 10,425

Pocatello Community Charter School

955 South Arthur Ave
Pocatello,ID83204 		  GOV To improve lives of kids with learning differences. 1,500

Portland Public Schools

1100 Ionia Road
Portland,MI48875 		  GOV To improve lives of kids with learning differences. 2,548

Pottsville DHH Lengel Middle School

1541 Laurel Blvd
Pottsville,PA17901 		  GOV To improve lives of kids with learning differences. 14,076

Prime Ability Youth Cycling

200 Q Street NE Apt 2137
Washington,DC20002 		  PC To improve lives of kids with learning differences. 15,000

Project Bike Tech

PO Box 5152
Frisco,CO80433 		  PC To improve lives of kids with learning differences. 15,000

Richmond Cycling Corps

13 South 15th Street
Richmond,VA23219 		  PC To improve lives of kids with learning differences. 15,000

Ridgeview Middle School

4241 Rudy Road
Columbus,OH43214 		  GOV To improve lives of kids with learning differences. 14,315

She Is Focused Community Inc

230 Roberta Ave
Collingdale,PA19023 		  PC To improve lives of kids with learning differences. 5,985

Silver Stallion

808 E Green Ave
Gallup,NM87301 		  PC To improve lives of kids with learning differences. 135,784

South Tahoe Middle School

2940 Lake Tahoe Blvd
South Lake Tahoe,CA961507800 		  GOV To improve lives of kids with learning differences. 2,145

St Johnsbury School

1000 Main Street
St Johnsbury,VT05819 		  GOV To improve lives of kids with learning differences. 12,420

South Bend Bike Garage

924 Wheatly Drive
South Bend,IN46614 		  PC To improve lives of kids with learning differences. 6,050

TeWinkle Middle School

3224 California Street
Costa Mesa,AZ92626 		  GOV To improve lives of kids with learning differences. 6,200

The Craig School

15 Tower Hill Rd
Mountain Lakes,NJ07046 		  GOV To improve lives of kids with learning differences. 15,444

The Highbridge Green School

200 W 167th St
Bronx,NY10452 		  GOV To improve lives of kids with learning differences. 16,560

TheraPink for Girls Inc

1515 Pounds Road Southwest
Liburn,GA30047 		  PC To improve lives of kids with learning differences. 15,000

Trails Utah

64 Silver Oak Road
Salt Lake City,UT84108 		  PC To improve lives of kids with learning differences. 15,000

University of Wyoming

1000 E University Ave Dept 3355
Laramie,WY82071 		  GOV To improve lives of kids with learning differences. 9,020

Walt Disney Magnet School

4140 N Marine Drive
Chicago,IL60613 		  GOV To improve lives of kids with learning differences. 16,116

Warm Springs Middle School

271 Warm Springs Way
Berkeley Springs,WV25411 		  GOV To improve lives of kids with learning differences. 2,500

Washington Parks Academy

11685 Appleton
Redford,MI48239 		  GOV To improve lives of kids with learning differences. 12,870

William Thomas Middle School

355 Bannock Avenue
American Falls,ID94901 		  GOV To improve lives of kids with learning differences. 12,420

Murray Middle School

1712 Lexington Ave N
Roseville,MN31204 		  GOV To improve lives of kids with learning differences. 3,300

Sullivan Steam School

3100 E 28th St E
Minneapolis,MN55406 		  PC To improve lives of kids with learning differences. 6,194
Total .................................right arrow 3a 1,234,941
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 34,863  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		         
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory         6,051
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 34,863 6,051
13Total. Add line 12, columns (b), (d), and (e)..................
13
40,914
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
10 Equipment necessary for school participation in cycling program.
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
Outride
fka The Specialized Foundation
Employer identification number

47-2817949
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
Outride
fka The Specialized Foundation 		Employer identification number
47-2817949
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
Innovations Inc
 
7-39359 Queens Way
 
Squamish, BC V8B OT5   CA

$ 10,766


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
Dan Goese
2435 Paseo Dorado
 
La Jolla, CA92037

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
National Philantropic Trust
 
165 Township Line Rd Suite 1200
 
Jenkintown, PA19046

$ 90,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
REI Cooperative
 
1700 45th Street E Suite 101
 
Sumner, WA98390

$ 97,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
King Ridge Foundation
 
PO Box 5873
 
Santa Rosa, CA95402

$ 7,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
6
Mandula Family Foundation
 
2355 Saddlesprings Dr
 
Alpharetta, GA300043254

$ 10,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
Outride
fka The Specialized Foundation 		Employer identification number
47-2817949
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
7
Specialized Bicycle Components Inc
 
15130 Concord Circle
 
Morgan Hill, CA95037

$ 912,422


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
8
Specialized Bicycle Components Inc
 
15130 Concord Circle
 
Morgan Hill, CA95037

$ 594,244


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
Outride
fka The Specialized Foundation 		Employer identification number

47-2817949
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
7
 Bikes & related equipment $ 912,422 2024-07-01
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
Outride
fka The Specialized Foundation 		Employer identification number

47-2817949
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
Outride
 
fka The Specialized Foundation
EIN:
47-2817949
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting 32,403 0 674 31,729

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 DepreciationSchedule
Name:
Outride
 
fka The Specialized Foundation
EIN:
47-2817949
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
Software 2017-08-16 29,765 29,765 SL 3.000000000000 0 0 0  
Computer Equipment 2022-06-30 2,016 605 SL 5.000000000000 403 0 0  
Camera 2022-09-30 5,357 1,339 SL 5.000000000000 1,072 0 0  
Apple Computer 2023-12-31 2,446   SL 5.000000000000 489 0 0  

TY 2024 InvestmentsCorpBondsSchedule
Name:
Outride
 
fka The Specialized Foundation
EIN:
47-2817949
Name of Bond End of Year Book Value End of Year Fair Market Value
  2,028,966 2,024,513

TY 2024 LandEtcSchedule2
Name:
Outride
 
fka The Specialized Foundation
EIN:
47-2817949
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Software 29,765 29,765 0  
Computer Equipment 2,016 1,008 1,008  
Camera 5,357 2,411 2,946  
Apple Computer 2,446 489 1,957  


TY 2024 LegalFeesSchedule
Name:
Outride
 
fka The Specialized Foundation
EIN:
47-2817949
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Legal & professional fees 3,782 0 79 3,703


TY 2024 OtherDecreasesSchedule
Name:
Outride
 
fka The Specialized Foundation
EIN:
47-2817949
Description Amount
Unrealized losses 4,453


TY 2024 OtherExpensesSchedule
Name:
Outride
 
fka The Specialized Foundation
EIN:
47-2817949
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Advertising 3,543 0 74 3,469
Contract services 64,783 0 1,347 63,436
Merchant service fees 10,848 0 226 10,622
Office expense 76,333 0 1,588 74,745
Program events 97,983 0 2,038 95,945
Program materials & equipment 10,877 0 226 10,651
Miscellaneous 1,073 0 22 1,051


TY 2024 OtherProfessionalFeesSchedule
Name:
Outride
 
fka The Specialized Foundation
EIN:
47-2817949
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
IT support & services 1,598 0 33 1,565