Velo Club La Grange
- Assets
- $218.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 04/1986
- Data as of
- 12/2021
- EIN
- 95-4000746
Organization Overview
Velo Club La Grange is located in Los Angeles, CA. The organization was established in 1986. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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 Club LA Grange 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 12/2021, Velo Club LA Grange generated $43.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $78.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SPONSORSHIP OF A AMATEUR BICYCLE RACING TEAM FOR AMATEUR MEN, WOMEN, BOYS & GIRLS CYCLISTS, INCLUDING TRAVEL, LODGING, EQUIPMENT, ENTRY FEES, ETC.SPONSORSHIP AND MANAGEMENT OF REGIONAL AMATEUR BICYCLE EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristina Grant Director | 0 | $0 | |
Marco Fantone Director | 0 | $0 | |
Bill Birrell Director | 0 | $0 | |
Dan Funk Director | 0 | $0 | |
Robert Yates Director | 0 | $0 | |
Jaycee Cary Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,398 |
| Total Program Service Revenue | $0 |
| Membership dues | $21,376 |
| Investment income | $464 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $9,251 |
| Other Revenue | $0 |
| Total Revenue | $43,489 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $17,295 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $815 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $707 |
| Other expenses | $55,304 |
| Total expenses | $78,532 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $152,179 |
| Other assets | $0 |
| Total assets | $218,238 |
| Total liabilities | $0 |
| Net assets or fund balances | $218,238 |
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