Every year you pay USA Cycling $30 for a collegiate cycling license ($60 if you purchase a Road or Mountain Bike license, as well), your club pays a $50 renewal fee, and you pay to promote a race through USA Cycling, as well. So where does this money go? What do we do with it? First and foremost, every USA Cycling staff member is issued a company Porsche and a Learjet on his or her first day.
Obviously this isn’t the case, but there are always running assumptions that USA Cycling is a for-profit company, when in fact, it is a 501(c)(3) not-for-profit organization, and it is an extremely efficient one. To be as transparent as possible, we have broken down exactly where your license money goes in the world of collegiate cycling. You can find a similar breakdown of other USA Cycling financials on the last page of our 2008 Annual Report (the 2009 Report will be released soon).
To find out exactly how Collegiate Cycling license fees are spent, read more here.