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Velodrome Fund Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 232831470 ✦ Trexlertown, PA ✦ Designated as a 501(c)(3)

Overview

What is Velodrome Fund Inc?

Velodrome Fund Inc, based in Trexlertown, Pennsylvania, is a nonprofit organization with a primary focus on operating a velodrome facility. This facility serves as a hub for promoting bicycle racing and various fitness activities. With a dedicated team of seven employees, Velodrome Fund Inc strives to foster an environment that encourages cycling and wellness. Their mission is centered around operating the velodrome and nurturing the passion for bicycle racing within the community.


Official website here: www.thevelodrome.com

Is Velodrome Fund Inc legitimate?

Velodrome Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Velodrome Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $168,482

For more financial information, click here


Official website here: www.thevelodrome.com

What is the mission statement of Velodrome Fund Inc?

Velodrome Fund Inc's mission is primarily focused on managing a velodrome facility and fostering an interest in bicycle racing. Beyond this, they also aim to promote various fitness activities within the facility. In essence, their goal is to provide a platform for bicycle racing and encourage physical fitness through related activities.


Official website here: www.thevelodrome.com

Who is the CEO of Velodrome Fund Inc?

Wendy Moyer-Drabick is the Chairman of Velodrome Fund Inc.


Official website here: www.thevelodrome.com

What is the revenue of Velodrome Fund Inc?

Velodrome Fund Inc's revenue in 2022 was $771,660.


Official website here: www.thevelodrome.com

Who are the executives of Velodrome Fund Inc and what are their salaries?

The average compensation at Velodrome Fund Inc during 2022 was $24,069. There are 7 employees at Velodrome Fund Inc.

Here are 13 key members and their salaries:

    Joan Hanscom (Board Member)
  • Compensation: $7,400
  • Related: $0
  • Other: $0

    • Rick Beuttel (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Heidi Rodale (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jonathan Witte (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chris Teakle (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ethan David (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Zach Grice (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bobby Lea (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michelle Lee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bob Martin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cheryl Gloster Osborne (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ed Slaughter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Neal Stansbury (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.thevelodrome.com

    Where can I find the form 990 for Velodrome Fund Inc?

    The Velodrome Fund Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.thevelodrome.com

    Learn more at the official website: www.thevelodrome.com

    Mission Statement of Velodrome Fund Inc

    The Velodrome Fund Inc, as its mission states, is dedicated to operating a velodrome facility and promoting bicycle racing. Beyond just operating this cycling venue, the organization also aims to promote various fitness activities within its premises. In essence, the Velodrome Fund Inc serves as a hub for cycling enthusiasts, fostering an environment that encourages both competitive and recreational bicycle racing, as well as other fitness activities.

    Impact

    This information is meant to be a general summary of Velodrome Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Velodrome Fund Inc provides a unique space for bicycle racing and other fitness activities in Trexlertown, PA. By operating the velodrome facility, they offer a platform for cyclists to hone their skills, compete, and engage in healthy physical activity. Additionally, the organization's promotion of bicycle racing contributes to the growth and popularity of the sport within the community. Overall, Velodrome Fund Inc's impact is evident in the opportunities it creates for individuals to pursue their passion for cycling and fitness.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $33,332
  • Program Service Revenue: $281,774
  • Gross Receipts: $771,660

    • Assets and Liabilities:
  • Total Assets: $1,553,764
  • Total Liabilities: $32,224
  • Net Assets: $1,521,540
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RIDER FEES

    Revenue

    $160,628

    RACING TICKET SALES

    Revenue

    $74,245

    CONCESSIONS

    Revenue

    $33,064

    FACILITY RENTALS

    Revenue

    $13,837

    Organization Details

    Founding Year

    1995

    Principal Officer

    Wendy Moyer-Drabick

    Main Address

    PO BOX 880, TREXLERTOWN, PA, 18087

    NTEE Category

    Code: N600 - Recreation

    If you are a representative of Velodrome Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.