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
2021
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. 2020 & 2021 WERE DIFFICULT YEARS DUE TO THE GLOBAL COVID-19 PANDEMIC BUT THINGS ARE BEGINNING TO IMPROVE FOR THE ORGANIZATION TO FULFILL ITS MISSION MOVING FORWARD.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Karen J Bliss President | 25 | $0 | |
Patrick J Cunnane Treasurer | 0 | $0 | |
Marilyn S Nyman Secretary | 0 | $0 |
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 | $2,508 |
Occupancy, rent, utilities, and maintenance | $14,400 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $1,062 |
Total expenses | $17,970 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $129,280 |
Other assets | $0 |
Total assets | $130,158 |
Total liabilities | $0 |
Net assets or fund balances | $130,158 |
Organization Name | Assets | Revenue |
---|---|---|
New York State Public High School Athletic Association Inc Farmingville, NY | $1,517,240 | $5,856,622 |
Bike New York Inc New York, NY | $4,166,926 | $2,379,962 |
Sport And Entertainment Corporation Of Maryland Baltimore, MD | $53,419 | $1,410,259 |
Laurel Highlands Ligonier, PA | $9,995,015 | $2,370,476 |
Park Housing Development Fund Company Inc Flushing, NY | $4,600,496 | $988,773 |
Williamsport Volunteer Fire And Emergency Medical Services Inc Williamsport, MD | $4,234,781 | $1,522,798 |
Underground Bowling Association Inc Freeport, NY | $128,797 | $1,189,863 |
Rattlesnake Island Club Inc Port Clinton, OH | $3,955,354 | $1,478,628 |
Larchmont Manor Park Society Larchmont, NY | $1,812,856 | $1,373,581 |
Youth Challenge Westlake, OH | $4,644,386 | $1,454,380 |
Niagara Frontier Junior Hockey Club Inc Grand Island, NY | $406,318 | $910,051 |
Cherry Blossom Inc Bethesda, MD | $848,727 | $1,212,543 |