Via Velo Ltd
- Assets
- $222.1k
- Revenue
- $239.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Alexandria, VA
- Founding
- 05/2010
- Data as of
- 05/2022
- EIN
- 26-3453393
Organization Overview
Via Velo Ltd is located in Alexandria, VA. The organization was established in 2010. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 05/2022, Via Velo Ltd employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Via Velo Ltd 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 05/2022, Via Velo Ltd generated $239.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $207.5k during the year ending 05/2022. While expenses have increased by 5.7% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
VELOCITY BICYCLE COOPERATIVE'S MISSION IS TO GROW AND EMPOWER AN INCLUSIVE BIKING COMMUNITY THROUGH EDUCATION AND AFFORDABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VELOCITY BICYCLE COOPERATIVE SUPPORTS * AFFORDABILITY: MAKE SAFE RELIABLE BICYCLES MORE AFFORDABLE FOR EVERYONE * DIVERSITY: FOSTER DIVERSITY WITHIN THE CYCLING COMMUNITY * EDUCATION: EXPAND THE AVAILABILITY OF QUALITY CYCLING EDUCATION WITHIN THE COMMUNITY * RECREATION: PROMOTE CYCLING AS A HEALTHY AND ENJOYABLE ACTIVITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Walz Secretary-Treasurer | Officer | 4 | $0 |
Joe Davison President | Officer | 4 | $0 |
Marty Devine Director | Trustee | 4 | $0 |
John Patterson Director | Trustee | 4 | $0 |
Bayley Vanderpoel Director | Trustee | 4 | $0 |
Mike Pattisal Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,942 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,942 |
| Total Program Service Revenue | $226,463 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $239,405 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,014 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,321 |
| Payroll taxes | $7,024 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $647 |
| Office expenses | $47,908 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,518 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,789 |
| All other expenses | $1,271 |
| Total functional expenses | $207,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,357 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,735 |
| Total assets | $222,092 |
| Accounts payable and accrued expenses | $7,040 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,040 |
| Net assets without donor restrictions | $215,052 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $222,092 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Via Velo Ltd has recieved totaling $140.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $140 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Triangle Aquatic Center Cary, NC | $23,604,525 | $5,716,572 |
Greater Richmond Aquatics Partnership Richmond, VA | $12,359,934 | $3,767,047 |
Oglebay Foundation Inc Wheeling, WV | $18,691,463 | $4,251,520 |
Family Ymca Of Emporia Greensville Emporia, VA | $970,597 | $1,833,088 |
Lutherville Timonium Recreation Council Lutherville, MD | $1,324,044 | $1,628,761 |
Fallston Recreation Council Inc Fallston, MD | $701,766 | $1,367,990 |
Forest Hill Recreation Council Inc Forest Hill, MD | $466,565 | $824,911 |
Towson Recreation Council Baltimore, MD | $760,144 | $1,036,855 |
Catonsville Recreation And Parks Council Catonsville, MD | $742,760 | $738,182 |
Recreation Wish List Committee Of Washington D C Washington, DC | $1,525,259 | $1,094,085 |
Zap Fitness Foundation Inc Blowing Rock, NC | $293,616 | $620,948 |
Lake Cumberland Recreation Center Inc Russell Springs, KY | $182,084 | $577,751 |