For the record, yes, IRS records are public information. The nonprofit tax form is known as a 990. BFW is also required to write an annual report each year as part of its membership in Community Shares of Wisconsin. The report has to be complete by the end of the next year (that would be the end of 2007 for 2006). I know that BFW has completed its annual audit...and thus has all of the data for the annual report. I do not know if they have submitted their 990 for 2006...but it is due no later than November if they've filed for an extension.
I do not recall what the requirements of the annual report are (community shares would have that information)...but I always included percents on what revenue came from what sources. It is popular wisdom that a healthy bike nonprofit gets 1/3 of revenue from its members, 1/3 from events, and 1/3 from grants/contracts. It is good to keep a balance so that, if any one source dries up, the other two can be fallen back on. BFW is unique in just how strong it has been with contracts throughout its history...they have always been a national leader in that respect...and in fact, in recent years we were working to increase the percent of membership and event revenue to balance...hence the hiring of a membership coordinator in Jan 2006 and the addition of the Ride and Saris events over the last few years. For those who don't know how to read a 990 (sorry, the link I posted was restricted for a few minutes...now it is open to the public: https://mywebspace.wisc.edu/dsward2/web/BFW%20990s/), here is the summary. : 2003 R: $285,104 E: $236,532 Net: $48,572 2004 R: $298,996 E: $257, 452 Net:$41,544 2005: R: $339,034 E: $336,287 Net:$2,747 As I said, getting copies of the pre-2003 990s requires that you pay a fee...but I believe that revenue in 2002 was around $270,000 and in 2001 (when Jeanne Hoffman was ED) was around $220,000-$250,000...with a small net profit for both years. 2006 was a down year, though...really down...and I still await the 990 and annual report just like everyone else to verify how bad. It is my belief that, even with the net loss in 2006, over the whole of my tenure...if you add up all Revenue and Expenses...that BFW made a small profit over the entire period. Until 2006, I think it is dishonest to imply that BFW had any significant financial trouble and was doing anything but growing at a healthy clip. It was doing as well as, or better than, most groups in other states (with some notable exceptions like Texas and Oregon). -Dar --------------------------------- Need a vacation? Get great deals to amazing places on Yahoo! Travel.
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