Velotech Foundation
- Assets
- $71.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hatfield, PA
- Founding
- Data as of
- 12/2023
- EIN
- 84-3056146
Organization Overview
Velotech Foundation is located in Hatfield, PA. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., 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. Velotech Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION IS NOW BEGINNING TO SOLICIT CHARITABLE DONATIONS TO BICYCLE RELATED NOT-FOR-PROFIT ACTIVITIES & ORGANIZATIONS. DUE TO GLOBAL INFLATION AND UNCERTAINTY IN 2023, IT HAS BEEN A CHALLENGE BUT THINGS ARE BEGINNING TO IMPROVE FOR THE ORGANIZATION TO FULFILL ITS MISSION MOVING FORWARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen J Bliss President | 25 | $0 | |
Patrick J Cunnane Treasurer | 0 | $0 | |
Marilyn S Nyman Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $0 |
| 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 | $2,520 |
| Occupancy, rent, utilities, and maintenance | $33,700 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,780 |
| Total expenses | $41,000 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $60,206 |
| Other assets | $0 |
| Total assets | $71,090 |
| Total liabilities | $0 |
| Net assets or fund balances | $71,090 |