Civic Intelligence

Velodrome Fund Inc

990 • Fiscal year 2017 • EIN 23-2831470

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 18, 2018

PO Box 880Trexlertown, PA 18087

(610) 395-7000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

43rd percentile

0.06x

Higher debt load relative to assets than 43% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

62nd percentile

0.18x

Higher debt load relative to revenue than 62% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

55th percentile

4.8%

Higher net margin than 55% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

82nd percentile

$142,688

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 17.7% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

75th percentile

15%

Faster asset growth than 75% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

29th percentile

-3.5%

Faster revenue growth than 29% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,521,939

Up $327,369 (+15%) from 2016

Net Assets

Up

$2,377,446

Up $206,072 (+9.5%) from 2016

Liabilities

Up

$144,493

Up $121,297 (+523%) from 2016

Revenue

Down

$804,764

Down $28,842 (-3.5%) from 2016

Expenses

Down

$766,224

Down $8,832 (-1.1%) from 2016

Net Income

Down

$38,540

Down $20,010 (-34%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $1,387,694Liabilities 2011: $39,937Net Assets 2011: $1,347,7572011Assets 2012: $1,615,852Liabilities 2012: $21,633Net Assets 2012: $1,594,2192012Assets 2013: $1,875,289Liabilities 2013: $30,518Net Assets 2013: $1,844,7712013Assets 2014: $2,016,481Liabilities 2014: $38,797Net Assets 2014: $1,977,6842014Assets 2015: $2,074,894Liabilities 2015: $8,085Net Assets 2015: $2,066,8092015Assets 2016: $2,194,570Liabilities 2016: $23,196Net Assets 2016: $2,171,3742016Assets 2017: $2,521,939Liabilities 2017: $144,493Net Assets 2017: $2,377,4462017Assets 2018: $1,854,862Liabilities 2018: $90,384Net Assets 2018: $1,764,4782018Assets 2019: $1,820,122Liabilities 2019: $17,644Net Assets 2019: $1,802,4782019Assets 2020: $1,740,393Liabilities 2020: $37,866Net Assets 2020: $1,702,5272020Assets 2021: $1,844,895Liabilities 2021: $17,682Net Assets 2021: $1,827,2132021Assets 2022: $1,553,764Liabilities 2022: $32,224Net Assets 2022: $1,521,5402022Assets 2023: $1,483,272Liabilities 2023: $86,011Net Assets 2023: $1,397,2612023Assets 2024: $1,554,507Liabilities 2024: $13,566Net Assets 2024: $1,540,9412024

Highlighted filing

2017

Assets$2,521,939
Liabilities$144,493
Net Assets$2,377,446

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $747,853Expenses 2011: $513,135Net Income 2011: $234,7182011Revenue 2012: $730,696Expenses 2012: $561,540Net Income 2012: $169,1562012Revenue 2013: $791,288Expenses 2013: $659,751Net Income 2013: $131,5372013Revenue 2014: $838,717Expenses 2014: $720,541Net Income 2014: $118,1762014Revenue 2015: $808,885Expenses 2015: $657,289Net Income 2015: $151,5962015Revenue 2016: $833,606Expenses 2016: $775,056Net Income 2016: $58,5502016Revenue 2017: $804,764Expenses 2017: $766,224Net Income 2017: $38,5402017Revenue 2018: $649,509Expenses 2018: $1,130,543Net Income 2018: -$481,0342018Revenue 2019: $673,621Expenses 2019: $842,538Net Income 2019: -$168,9172019Revenue 2020: $764,416Expenses 2020: $993,440Net Income 2020: -$229,0242020Revenue 2021: $936,928Expenses 2021: $935,151Net Income 2021: $1,7772021Revenue 2022: $771,660Expenses 2022: $801,190Net Income 2022: -$29,5302022Revenue 2023: $656,499Expenses 2023: $933,936Net Income 2023: -$277,4372023Revenue 2024: $780,373Expenses 2024: $722,811Net Income 2024: $57,5622024

Highlighted filing

2017

Revenue$804,764
Expenses$766,224
Net Income$38,540
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 18, 2018
Return Version
2017v2.3
Gross Receipts
$804,764
Mission and Program Overview

Mission

To operate the velodrome facility and promote bicycle racing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$424,579$453,839▲ $29,260
Land, Buildings, and Equipment, Net$138,407$108,856▼ $29,551
Inventories for Sale or Use$6,441$13,336▲ $6,895
Accounts Receivable$26,911$10,407▼ $16,504
Total Assets$2,194,570$2,521,939▲ $327,369
Other Assets Total$1,598,232$1,935,501▲ $337,269
Liabilities
Other Liabilities-$96,796-
Accounts Payable and Accrued Expenses$20,236$42,752▲ $22,516
Deferred Revenue$2,960$4,945▲ $1,985
Total Liabilities$23,196$144,493▲ $121,297
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,403,281$1,586,090▲ $182,809
Unrestricted Net Assets$762,093$785,356▲ $23,263
Permanently Rstr Net Assets$6,000$6,000→ $0
Total Net Assets Fund Balance$2,171,374$2,377,446▲ $206,072
Total Liabilities and Net Assets / Fund Balance$2,194,570$2,521,939▲ $327,369

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$22,513$71,517-
Equipment$963$49,555-
Leasehold Improvements$85,380$204,776-
Other Assets Org$153,213--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Marty NothsteinExecutive DiFT$142,688$142,688
Marty NothsteinExecutive Director-$142,688$142,688

Board Members and Trustees

NameTitle
Rick BeuttelChairperson
Heidi RodaleVice Chairpe
Andrew BernsteinDirector
Bob MartinDirector
Brian LeaderDirector
Dr Neil StansburyDirector
Dr Thomas MeadeDirector
Zach GriceDirector
Lois ArciszewskiController
Andy Ralston EsqInterim Secr
Revenue and Support

Revenue Composition

Contributions and Grants
$490,072
Program Service Revenue
$282,673
Investment Income
$22,357
Other Revenue
$9,662
All Other Contributions
$490,072
Change in Net Assets
$38,540

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$35,919Fair Market Value
Other Non Cash Contri Table1$12,850Fair Market Value
Other Non Cash Contri Table1$6,000Fair Market Value
Other Non Cash Contri Table1$900Fair Market Value
Food Inventory1$425-
Total Noncash Contributions5$56,094-

Audited Revenue Reconciliation

Revenue per Audited Statements
$804,764
Total Revenue per Audited Statements
$804,764
Total Revenue per Form 990
$804,764
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$463,912
Salaries, Compensation, and Employee Benefits$302,312
Total Fundraising Expense$8,451
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$142,688--$142,688
Other Salaries and Wages$103,223$3,000$7,581$113,804
Advertising$72,518$3,817-$76,335
Occupancy$50,550$14,258-$64,808
All Other Expenses$39,255$23,827$93$63,175
Other Expenses$30,509$39,328-$30,509
Depreciation Depletion$20,686$8,865-$29,551
Other Employee Benefits$24,980--$24,980
Payroll Taxes$19,980$244$616$20,840
Insurance$11,124$4,837$161$16,122
Interest-$7,116-$7,116
Office Expenses$4,899$1,862-$6,761
Travel-$5,850-$5,850
Total Functional Expenses$644,769$113,004$8,451$766,224

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$766,224
Total Expenses per Audited Statements$766,224
Total Expenses per Form 990$766,224
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$96,796
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7B

Depending on subject matter

Form 990, Page 6, Part VI, Line 9

MARTY NOTHSTEIN

Form 990, Page 6, Part VI, Line 11B

Form 990 reviewed by treasurer and presented to board of directors

Form 990, Page 6, Part VI, Line 12C

Monitoring by executive committee of board of directors

Form 990, Page 6, Part VI, Line 15A

Comparable compensation for like positions in similarly situated organizations

Form 990, Page 6, Part VI, Line 15B

Comparable compensation for like positions in similarly situated

Form 990, Page 6, Part VI, Line 19

Documents are made available upon request with penna. Bureau of charitable organizations annual filing.

Filing and Contact Details

Filer

Filer Name
Velodrome Fund Inc
EIN
23-2831470
Phone
6103957000
Address
PO BOX 880, TREXLERTOWN, PA 18087

Signing Officer

Name
Wendy Moyer-drabick
Title
Accountant
Phone
6103957000
Signed
2018-10-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wendy Moyer-drabick
Formed
1995
Legal Domicile
Pa
Voting Board Members
12
Independent Board Members
12
Employees
11
Volunteers
14

Preparer

Firm
Regan Levin Bloss Brown & Savchak Pc
Address
702 HAMILTON ST STE 200, ALLENTOWN, PA 18101
Preparer
Jeffrey S Berdahl CPA
Phone
6104347700
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt161205
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt250826
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt439436
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt161205
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt250826
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt349862
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt439436
IRS990/ProgSrvcAccomActy2Grp/Desc0TO DEVELOP CYCLING PROGRAMS FOR THE FITNESS AND WELL BEING OF THE RESIDENTS OF THE LEHIGH VALLEY AND SURROUNDING COMMUNITIES.
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0530547
IRS990/PYExcessBenefitTransInd0false
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IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0490072
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0530547
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0485284
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0483111
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0437522
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02426536
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt022357
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt033077
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt039320
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt045233
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt029733
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0169720
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0314692
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.93460
IRS990ScheduleA/PublicSupportPY170Pct00.93200
IRS990ScheduleA/PublicSupportTotal170Amt02426536
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0437522
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02426536
IRS990ScheduleA/TotalSupportAmt02596256
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt022513
IRS990ScheduleD/BuildingsGrp/DepreciationAmt071517
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt094030
IRS990ScheduleD/EquipmentGrp/BookValueAmt0963
IRS990ScheduleD/EquipmentGrp/DepreciationAmt049555
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt050518
IRS990ScheduleD/ExpensesSubtotalAmt0766224
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt085380
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0204776
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0290156
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01782288
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1153213
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INVESTMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION IN PROCESS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt096796
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LINE OF CREDIT
IRS990ScheduleD/RevenueSubtotalAmt0804764
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0108856
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01935501
IRS990ScheduleD/TotalExpensesPerForm990Amt0766224
IRS990ScheduleD/TotalLiabilityAmt096796
IRS990ScheduleD/TotalRevenuePerForm990Amt0804764
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0804764
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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARTY NOTHSTEIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0142688
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/FoodInventoryGrp/ContributionCnt01
IRS990ScheduleM/FoodInventoryGrp/NonCashCheckboxInd0X
IRS990ScheduleM/FoodInventoryGrp/NoncashContributionsRptF990Amt0425
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt11
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt21
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt31
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0ADVERTISING
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1JERSEYS
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc2SERVICES
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc3MERCHANDISE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt2FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt3FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
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IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd3X
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IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt1900
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt212850
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt36000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0true
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DEPENDING ON SUBJECT MATTER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MARTY NOTHSTEIN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 REVIEWED BY TREASURER AND PRESENTED TO BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MONITORING BY EXECUTIVE COMMITTEE OF BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPARABLE COMPENSATION FOR LIKE POSITIONS IN SIMILARLY SITUATED ORGANIZATIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPARABLE COMPENSATION FOR LIKE POSITIONS IN SIMILARLY SITUATED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DOCUMENTS ARE MADE AVAILABLE UPON REQUEST WITH PENNA. BUREAU OF CHARITABLE ORGANIZATIONS ANNUAL FILING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.55$0.01$1.54$0.78$0.72$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.48$0.09$1.40$0.66$0.93$0.28
2022Detailed filing. Detailed filing data is available for this year.$1.55$0.03$1.52$0.77$0.80$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.84$0.02$1.83$0.94$0.94$0.00
2020Detailed filing. Detailed filing data is available for this year.$1.74$0.04$1.70$0.76$0.99$0.23
2019Detailed filing. Detailed filing data is available for this year.$1.82$0.02$1.80$0.67$0.84$0.17
2018Detailed filing. Detailed filing data is available for this year.$1.85$0.09$1.76$0.65$1.13$0.48
2017Detailed filing. Detailed filing data is available for this year.$2.52$0.14$2.38$0.80$0.77$0.04
2016Detailed filing. Detailed filing data is available for this year.$2.19$0.02$2.17$0.83$0.78$0.06
2015Detailed filing. Detailed filing data is available for this year.$2.07$0.01$2.07$0.81$0.66$0.15
2014Detailed filing. Detailed filing data is available for this year.$2.02$0.04$1.98$0.84$0.72$0.12
2013Summary only. Only limited summary data is available for this year.$1.88$0.03$1.84$0.79$0.66$0.13
2012Summary only. Only limited summary data is available for this year.$1.62$0.02$1.59$0.73$0.56$0.17
2011Summary only. Only limited summary data is available for this year.$1.39$0.04$1.35$0.75$0.51$0.23