Portland Velo Club
- Assets
- $61.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, ME
- Founding
- 06/2005
- Data as of
- 12/2023
- EIN
- 01-0489156
Organization Overview
Portland Velo Club is located in Portland, ME. The organization was established in 2005. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portland Velo Club is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Portland Velo Club generated $20.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $20.2k during the year ending 12/2023. While expenses have increased by 4.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
COMPETITIVE ROAD TRAINING AND RACING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Brink Director | 0.5 | $0 | |
Paul Niehoff Director | 0.5 | $0 | |
Shelly Holmquist Director | 0.5 | $0 | |
Chessell Mcgee Director | 0.5 | $0 | |
David Beneman Director | 0.5 | $0 | |
Thomas Kespert Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,226 |
| Total Program Service Revenue | $3,460 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $20,497 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $880 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $233 |
| Other expenses | $19,037 |
| Total expenses | $20,150 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $57,737 |
| Other assets | $0 |
| Total assets | $61,400 |
| Total liabilities | $0 |
| Net assets or fund balances | $61,400 |