Veloz is located in Sacramento, CA. The organization was established in 2018. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. As of 06/2023, Veloz employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veloz 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 06/2023, Veloz generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $4.4m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
VELOZ IS A NONPROFIT ORGANIZATION THAT MAKES ELECTRIC VEHICLES FOR ALL A REALITY THROUGH ITS PROGRAMS TO INCREASE PUBLIC EDUCATION OF THE BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THIS FISCAL YEAR, VELOZ LAUNCHED AND IMPLEMENTED OUR NEXT PUBLIC ELECTRIC VEHICLE EDUCATION PROGRAM CALLED ELECTRIC FOR ALL 'MYTHS BUSTING MYTHS'. THIS CAMPAIGNED WAS DEVELOPED AT THE INTERSECTION OF HOLLYWOOD-STYLE ENTERTAINMENT AND BEST-IN-CLASS INFORMATION TO RAISE AWARENESS, BUST MYTHS AND PROVIDE DIRECT ACCESS TO COMPLIMENTARY TOOLS THAT WILL HELP THE PUBLIC MAKE THEIR NEXT EV PURCHASE AN EASY ONE. THE 2022-2023 MYTHS BUSTING MYTHS CAMPAIGN FOLLOWED IN THE FOOTSTEPS OF PAST CAMPAIGNS, WITH AN EVEN GREATER COMMITMENT TO REACHING PRIORITY COMMUNITIES (MINIMUM OF A 50% MEDIA BUY IN PRIORITY COMMUNITIES BASED ON CALEPA ENVIROSCREEN TOOL), A RENEWED FOCUS ON CONSUMER EDUCATION AND CREATIVE CONCEPTS DEVELOPED BASED ON YEARS OF CONSUMER RESEARCH. LAUNCHING A CAMPAIGN OF THIS MAGNITUDE TAKES SIGNIFICANT BEHIND-THE-SCENES WORK. THIS INCLUDED DEVELOPING THE CAMPAIGN CREATIVE AND MEDIA STRATEGY, MANAGING EIGHT COMMUNITY PARTNERS AS OUR COMMUNITY MESSENGERS, MANAGING TWO DIVERSITY, EQUITY AND INCLUSION ADVISORS INTO THE CREATIVE PROCESS, WORKING WITH OUR CREATIVE AGENCY TO EXECUTE THE CAMPAIGN, FINETUNED VELOZ.ORG AND ELECTRICFORALL.ORG TO PREPARE FOR INCREASED USE, HIRED A RESEARCH PARTNER TO HELP US TRACK THE CAMPAIGN'S IMPACT, SECURED IN-KIND ASSETS FOR PRODUCTION IN LOS ANGELES, WORKING TO IDENTIFY A TOP-TIER MEDIA COMPANY TO ENSURE OUR DIGITALLY FOCUSED CREATIVE ASSETS ARE PLACED ON THE APPROPRIATE PAID MEDIA CHANNELS, DATA IS RECORDED, CAMPAIGN IS OPTIMIZED OVER TIME AND THAT VELOZ OBTAINS THE MOST IMPACT AS POSSIBLE. THE CAMPAIGN RUNS SEPTEMBER 2022 - DECEMBER 2023.
VELOZ NOW PUBLISHES A REGULAR THOUGHT-LEADERSHIP BLOG CALLED 'THE RIDE TO ZERO', PRODUCES A QUARTERLY EV MARKET REPORT, HOSTS THREE BOARD MEETINGS ANNUALLY AND MORE. TO LEARN MORE, VISIT WWW.VELOZ.ORG. VELOZ'S 2022-2023 ANNUAL REPORT WILL BE PUBLISHED AT THE FOLLOWING LINK IN DECEMBER 2022: HTTPS://WWW.VELOZ.ORG/VELOZ-RESOURCES/
VELOZ'S PUBLIC SUMMIT SERIES MEETINGS: THEY ARE A GATHERING POINT FOR ELECTRIC CAR STAKEHOLDERS AND VELOZ MEMBERS. VELOZ SUMMIT ATTENDEES INCLUDE REPRESENTATIONS FROM CALIFORNIA UTILITIES, TRANSPORTATION NETWORK COMPANIES, CHARGING INFRASTRUCTURE, AUTOMAKERS, VENTURE CAPITAL INVESTORS, NONPROFITS, GOVERNMENT, START-UPS, NEWS MEDIA, INTERNATIONAL EXPERTS AND MANY MORE. VELOZ HELD SUMMITS IN JULY 2022, MARCH 2023 AND JUNE 2023. THE GOAL IS TO ADDRESS EV BARRIERS AND IDENTIFY SOLUTIONS TO ADVANCE THE ELECTRIC FOR ALL EV MOVEMENT. A TYPICAL VELOZ SUMMIT HAS 250-300 ATTENDEES.
VELOZ DIGITAL DIALOGUES/WEBINARS: VELOZ WEBINARS WERE STANDOUTS IN THE CROWDED ONLINE ENGAGEMENT CATEGORY. BETWEEN JULY 2022 - JUNE 2023, VELOZ HELD 4 WEBINARS THAT TYPICALLY HAVE 150-200 ATTENDEES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Caroline Choi Chair - Director | OfficerTrustee | 1 | $0 |
Giovanni Palazzo Thru 032323 Vice Chair - Director | OfficerTrustee | 1 | $0 |
Arnie Sowell Treasurer-Secretary -Director | OfficerTrustee | 1 | $0 |
Anand Gopal Vice Chair - Director | Trustee | 1 | $0 |
Aaron August Director | Trustee | 1 | $0 |
Adam Gromis Director | Trustee | 1 | $0 |
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 | $2,817,697 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,817,697 |
Total Program Service Revenue | $1,410,833 |
Investment income | $2,192 |
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 | $4,230,811 |
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. | $217,881 |
Compensation of current officers, directors, key employees. | $217,881 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $401,576 |
Pension plan accruals and contributions | $10,651 |
Other employee benefits | $12,719 |
Payroll taxes | $43,932 |
Fees for services: Management | $0 |
Fees for services: Legal | $20,499 |
Fees for services: Accounting | $34,835 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $48,015 |
Advertising and promotion | $0 |
Office expenses | $55,445 |
Information technology | $97,269 |
Royalties | $0 |
Occupancy | $35,418 |
Travel | $34,501 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $73,295 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $5,039 |
All other expenses | $15,739 |
Total functional expenses | $4,394,902 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,135,870 |
Savings and temporary cash investments | $1,033,943 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $366,667 |
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 | $4,050 |
Total assets | $3,540,530 |
Accounts payable and accrued expenses | $4,820 |
Grants payable | $0 |
Deferred revenue | $209,167 |
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 | $20,702 |
Total liabilities | $234,689 |
Net assets without donor restrictions | $3,280,841 |
Net assets with donor restrictions | $25,000 |
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 | $3,540,530 |