Velocity Entreprenurial Drive
- Assets
- $4.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- El Dorado Hills, CA
- Founding
- 09/2008
- Data as of
- 12/2021
- EIN
- 26-0382616
Organization Overview
Velocity Entreprenurial Drive is located in El Dorado Hills, CA. The organization was established in 2008. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Velocity Entreprenurial Drive employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Velocity Entreprenurial Drive 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 12/2021, Velocity Entreprenurial Drive generated $195.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $147.8k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION HAS AWARDED PRIZES AND HELD MARKETING EVENTS TO ENCOURAGE ENTREPRENEURSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack G Crawford Jr President | 2 | $0 | |
Aaron Anderson Executive Di | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,000 |
| Total Program Service Revenue | $173,086 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | -$2,829 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $195,257 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $143,454 |
| Professional fees and other payments to independent contractors | $800 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,550 |
| Total expenses | $147,804 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,143 |
| Other assets | $0 |
| Total assets | $4,143 |
| Total liabilities | $0 |
| Net assets or fund balances | $4,143 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Velocity Entreprenurial Drive has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Sacramento Region Community Foundation Sacramento, CA PURPOSE: ANNUAL IMPACT GLOBAL EVENT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Fund Beaverton, OR | $118,722,969 | $115,823,271 |
The Albertsons Companies Foundation Pleasanton, CA | $69,606,007 | $81,616,776 |
Second Harvest Of The Greater Valley Manteca, CA | $10,454,227 | $51,004,614 |
Community Initiatives Oakland, CA | $48,904,163 | $57,867,676 |
Tipping Point Community San Francisco, CA | $69,097,467 | $55,633,961 |
Dagmar Dolby Fund Novato, CA | $39,191,926 | $8,168,589 |
California Health Foundation And Trust Sacramento, CA | $115,138,512 | $36,749,563 |
Tides Network San Francisco, CA | $10,557,656 | $32,745,578 |
Focusing Philanthropy Inc Santa Monica, CA | $5,232,649 | $21,857,695 |
St Baldricks Foundation Inc Monrovia, CA | $22,964,481 | $22,578,479 |
Skid Row Housing Trust Los Angeles, CA | $203,059,004 | $18,739,094 |
Groundswell Fund San Francisco, CA | $42,239,063 | $24,343,616 |