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Florida · Nonprofit

MadHatter Cycling

MadHatter Cycling (Florida) receives grants from 1 organization whose IRS filings report $115,000 to it, the largest being NORELLI FAMILY FOUNDATION INC ($115,000). 1 of them have funded it in more than one year.

Revenue FY2025
$20k
Funders on record
1
Grants received
$115k
Net assets
$3k
1/1 repeat funderspeak grant-dependency 100%
01What it does

What MadHatter Cycling does

Programs

  1. Regional and National Amateur Events

    $17,132 spent
  2. Bikes For Kids Wisconsin

    $500 spent
  3. ALSAC St. Jude

    $500 spent

The 3 programs described on its FY2024 Form 990-PF.

02The organization over time

The organization over time

Each line starts at 100 in 2022, so what you read is the shape rather than the size: 150 means half as much again as 2022, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20222022 Revenue 100 ($20k) Expenses 100 ($20k) Net assets 100 ($319)2023 Revenue 100 ($20k) Expenses 101 ($20k) Net assets 123 ($392)2024 Revenue 100 ($20k) Expenses 94 ($19k) Net assets 562 ($2k)2025 Revenue 100 ($20k) Expenses 93 ($18k) Net assets 1081 ($3k)
2022202320242025
Revenue (100)Expenses (93)Net assets (1081)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $2k to $3k (+92%).

$319
$392
$2k
$3k
2022202320242025
Total assetsTotal liabilities

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

2022202320242025
Listed5555
Joined·+0+0+0
No longer listed·000
03Who funds it

Who funds it, year by year

2021 → 2023: the base held at 1 funder, grant income held at $20k.

Funder
'21
'22
'23
'24*
'25*
total
funders
1
1
1
1
1

From the IRS filings of MadHatter Cycling’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of MadHatter Cycling's grant income comes from Florida funders.

FL

In-state vs out-of-state, by year

’21
’22
’23
Florida out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

MadHatter Cycling has grown faster than half of the 9,557 recreation & sports nonprofits its size.

Months of reserve2.3mo · bottom quartile
Revenue growth (annualized)0% · above the median

this organization peer median middle 50% of peers· 9,557 recreation & sports nonprofits under $100k, FY2025

Organizations like MadHatter Cycling

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Florida

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Screen this organization

A dated, signed PDF of the compliance screen for MadHatter Cycling: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds MadHatter Cycling?
MadHatter Cycling (Florida) receives grants from 1 organization whose IRS filings report $115,000 to it, the largest being NORELLI FAMILY FOUNDATION INC ($115,000). 1 of them have funded it in more than one year.
How many funders does MadHatter Cycling have?
IRS filings report 1 organization giving $115,000 in grants to MadHatter Cycling, 1 of which have funded it in more than one year.
Who is the largest funder of MadHatter Cycling?
NORELLI FAMILY FOUNDATION INC is the largest funder on record, with $115,000 in grants. The full list of funders is on this page.
How can an organization like MadHatter Cycling find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Florida. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds MadHatter Cycling →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2022–2025), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing