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RIDE FOR HEROES INC

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Tax-exempt status may be revoked

RIDE FOR HEROES INC

EIN 84-1660716 · Amateur Sports (N60)

What they do

The Ride for Heroes Bicycle Rally Event is to Provide A Safe Activity That Allowsthe Cities of Parker County The Avenue of Working Together for The Common Good Ofits Communities. The Majority of The Proceeds From This Event Are to Be Awardedto Local Non-profit Groups And/or Organizations That Are Deemed As Heroes of EastParker County. General Qualifications to Be Used Will Be Based On Theirnon-profit Services and Contributions Toward The Quality of Life Within Thecommunity In Which They Exist - Thus The Name Ride for Heroes. The Event is Toalso Increase Local Awareness for The Safer Cycling Environment.

Before you give

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This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2021The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders2 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

41.33%of revenue went to mission work43.8% of expenses · Program services
$352.67spent for every $100 of revenueSpending was higher than revenue this year.
$9.09in assets for every $1 spent this yearSome assets cannot be spent right away.
100.0%of its money came from giftsOther money may come from services or investments.

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  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $758 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2021

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$41,603
Mission workProgram services$17,19441.33% of revenue43.8% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$2,3535.66% of revenueShown in gray on the chart
Total expenses$39,25094.34% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2019CurrentExpense mix: 43.8% mission · 0.0% management · 0.0% fundraisingTotal expenses: 94.34% of revenue
2018Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingRevenue comparison unavailable
2017Expense mix: 6.9% mission · 0.0% management · 0.0% fundraisingRevenue comparison unavailable

Money in and money out

Revenue$300
Expenses$1,058
Annual shortfall $758 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$17,194 · 1,625.1% of expenses
This source amount exceeds total expenses; compare the filing details carefully.
See all reported dollar amounts
Revenue$300
Expenses$1,058
Assets$9,622
Income$300
Contributions$300
Mission work (program services)$17,194
People

Leadership and board

Tax year 2021

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (2)

DENNIS V THOMPSONPRINCIPAL OFFICER

DENNIS V THOMPSONPRINCIPAL OFFICER

About this charity

Recognized since
October 2006
Location
PO BOX 186, ALEDO, TX 76008
County
Parker
In care of
Dennis V Thompson
Primary officer
Dennis V Thompson, President

How to reach them

Filing and classification

Latest tax year
2021
Tax period began
August 1, 2020
Return type
990EZ
Tax preparer
COBURN CHESSHER & WALKER CPAS PC
NTEE classification
Amateur Sports (N60)
IRS tax category
Amateur Sports
Revocation date
December 15, 2025

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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