Velo Amis
- Assets
- $30.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, DE
- Founding
- 04/2011
- Data as of
- 12/2022
- EIN
- 27-2228853
Organization Overview
Velo Amis is located in Newark, DE. The organization was established in 2011. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, 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. Velo Amis 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 12/2022, Velo Amis generated $64.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $58.9k during the year ending 12/2022. While expenses have increased by 17.3% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauri Webber Treasurer | 25 | $0 | |
Charles Fitzgerald President | 10 | $0 | |
Matt Thompson Chief Operating Officer | 15 | $0 | |
Kristine Andres Secretary | 10 | $0 | |
Megan Bahnson Diversity And Inclusion Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,650 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $51,348 |
| Other Revenue | $366 |
| Total Revenue | $64,364 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $1,800 |
| Printing, publications, postage, and shipping | $218 |
| Other expenses | $10,192 |
| Total expenses | $58,937 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,889 |
| Other assets | $0 |
| Total assets | $30,889 |
| Total liabilities | $0 |
| Net assets or fund balances | $30,889 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Velo Amis has recieved totaling $125.
| Awarding Organization | Amount |
|---|---|
Lowe Ii Foundation Inc Palm Beach Gardens, FL PURPOSE: TO AID COMMUNITY SUPPORT | $125 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Equestrian Team Foundation Inc Gladstone, NJ | $30,191,062 | $5,247,335 |
Far Hills Race Meeting Association Inc Far Hills, NJ | $7,235,904 | $3,433,382 |
American Platform Tennis Association Inc Pittsburgh, PA | $1,547,528 | $1,984,678 |
Rrft Enterprise Eden, MD | $205,621 | $1,786,001 |
National Collegiate Rugby Organization Inc Wilmington, DE | $82,012 | $1,426,053 |
Maryland State Golf Association Lutherville, MD | $1,206,835 | $1,229,130 |
Kasparov Chess Foundation Inc Montville, NJ | $7,558,285 | $1,748,219 |
Pittsburgh Elite Volleyball Association Pittsburgh, PA | $538,474 | $1,020,631 |
United States Bowling Congress Inc Saylorsburg, PA | $684,968 | $828,660 |
Fair Hill International Three Day Event Inc Elkton, MD | $90,899 | $558,154 |
New Jersey Youth Development Foundation Kenilworth, NJ | $749,652 | $505,891 |
Severna Park Swimming Association Inc Severna Park, MD | $153,976 | $429,465 |