Dc Velo Limited
- Assets
- $80.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Potomac, MD
- Founding
- 05/2006
- Data as of
- 12/2018
- EIN
- 20-1874866
Organization Overview
Dc Velo Limited is located in Potomac, MD. The organization was established in 2006. 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. DC Velo Limited is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2018, DC Velo Limited generated $66.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $32.7k during the year ending 12/2018. 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
2018
Describe the Organization's Program Activity:
Part 3
HOSTED BICYCLE RACE AND PROVIDED SUPPORT AND BICYCLE EDUCATION FOR HUNDREDS OF ADULT AND CHILDREN THROUGHOUT THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Sommers President | 10 | $0 | |
Joseph Rudolph Secretary | 3 | $0 | |
Stephen Schultze Treasurer | 5 | $0 | |
Joshua Frick Vice President | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,000 |
| Total Program Service Revenue | $7,215 |
| Membership dues | $13,050 |
| Investment income | $102 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$3,898 |
| Other Revenue | $0 |
| Total Revenue | $66,469 |
| 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 | $375 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $32,294 |
| Total expenses | $32,669 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $80,857 |
| Other assets | $0 |
| Total assets | $80,857 |
| Total liabilities | $0 |
| Net assets or fund balances | $80,857 |