Velocipede Bike Project Inc

“A draft of the completed Form 990 and supporting schedules is reviewed by officers and, subsequently, the full Board of Directors. All parties review the data, have an opportunity to offer refinements to narratives as well as the overall presentation, and then provide approval. Copies of the Form 990 package, as it is to be filed with IRS, are then provided to all members of the Board of Directors. The competed and approved product, with supporting schedules, is then electronically submitted to IRS.”

“Members of the Board of Directors and management are required, throughout the year, to identify and address potential or existing conflicts of interest. Areas of concern are thoroughly discussed and remedied at the time. Board members having a conflict of interest are required to recuse themselves from voting on matters for which they have a conflict.”

“The corporation has never had employees. Nevertheless, should any be added, and in contemplation of any new hirings, management would consult associations and industry pay scales for guidance, documenting such information, findings and decision-making in contemporaneous minutes of Board of Directors meetings.”

“The corporation maintains copies of its governing documents, conflict-of-interest policy (and other policies) and financial statements, which documents are available for inspection, by request, during regular business hours at its principal office. The organization complies with all requests, oral or written, for copies of these documents.”

“Section 1.263(A)-1(F) De Minimus Safe-Harbor Election: Taxpayer name: Velocipede Bike Project, Inc.; Taxpayer address: P.O. Box 22562, Baltimore, Maryland 21203-4562; Taxpayer FEIN: 76-0813009. Taxpayer, for FY 2024, hereby makes the de minimis safe-harbor election under Regulation 1.263(A)-1(F).”

“Program services-related: discounts, $346; refunds, $1,554; supplies, $3,802. Supporting services-related: fees, $3,373; food, $529; new location, $1,300; telecom, $989; utilities, $266.”

“Rounding.”