Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
EIN 82-2739918 • 501(c)3 • West Chester, PA
Profile
The velodrome development foundation was created to grow and help sustain the sport of cycling in the united states. The foundation helped conceive the national sports and events center, a new project for the commonwealth of pennsylvania. This world-class facility, the first of its kind in the u.s., will include the national velodrome, a state-of-the-art indoor velodrome, along with custom designed spaces to host other major athletic and entertainment events. The center's community outreach programs will provide dynamic and creative outlets for young people to be introduced to cycling. The foundation's core mission in its support of this center is to teach life lessons through sports and team building and to inspire today's youth to incorporate positive habits of fitness and health in their lives. Active partnerships will be established with regional state organizations to grow and enhance the experience for all and to serve as a template for other facilities around the country.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
43rd percentile
Higher net margin than 43% of similar nonprofits.
Top Officer Pay
99th percentile
Higher top officer pay than 99% of similar nonprofits.
Top officer pay equals 43.4% of source-year revenue.
Asset Growth
18th percentile
Faster asset growth than 18% of similar nonprofits.
Revenue Growth
89th percentile
Faster revenue growth than 89% of similar nonprofits.
Assets
Down$1,074
Down $1,061 (-50%) from 2023
Liabilities
-
No earlier filing loaded for comparison.
Net Assets
Down$1,074
Down $1,061 (-50%) from 2023
Revenue
Up$149,839
Up $64,004 (+75%) from 2023
Expenses
Up$150,900
Up $51,556 (+52%) from 2023
Net Income
Up-$1,061
Up $12,448 (+92%) from 2023
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
The velodrome development foundation was created to grow and help sustain the sport of cycling in the united states. The foundation helped conceive the national sports and events center, a new project for the commonwealth of pennsylvania. This world-class facility, the first of its kind in the u.s., will include the national velodrome, a state-of-the-art indoor velodrome, along with custom designed spaces to host other major athletic and entertainment events. The center's community outreach programs will provide dynamic and creative outlets for young people to be introduced to cycling. The foundation's core mission in its support of this center is to teach life lessons through sports and team building and to inspire today's youth to incorporate positive habits of fitness and health in their lives. Active partnerships will be established with regional state organizations to grow and enhance the experience for all and to serve as a template for other facilities around the country.
SEE SCHEDULE O
| Description | Grants | Expenses |
|---|---|---|
| NATIONAL SPORTS AND EVENTS CENTER/VELODROME DEVELOPMENTSUPPORT AND PROMOTION: CONTINUED ON SCHEDULE O | $0 | $125,500 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| STEPHEN WHISNANT | President/Chairman | PT | $65,000 | - | $65,000 |
| GREG LEMOND | Honorary Chairman | - | $0 | - | - |
| DAVE CHAUNER | Vice President | PT | $0 | - | - |
| FREDERICK MAYER | Secretary/Treasurer | PT | $0 | - | - |
| BRUCE HERNANDEZ | Director | - | $0 | - | - |
| CROSBY WOOD | Director | PT | $0 | - | - |
| MICHAEL DINDA | Director | - | $0 | - | - |
| KEVIN DUTT | Director | - | $0 | - | - |
| JASON DANNER | Director | - | $0 | - | - |
| SEAN CARITHERS | Director | - | $0 | - | - |
| PATRICK KINZELER | Director | - | $0 | - | - |
| AMBER LITTLE-TURNER | Director | - | $0 | - | - |
“Part iii - organizations mission: the velodrome development foundation was created to grow and help sustain the sport of cycling in the united states. The foundation helped conceive the national sports and events center, a new project for the commonwealth of pennsylvania. This world-class facility, the first of its kind in the u.s., will include the national velodrome, a state-of-the-art indoor velodrome, along with custom designed spaces to host other major athletic and entertainment events. The centers community outreach programs will provide dynamic and creative outlets for young people to be introduced to cycling. The foundations core mission in its support of this center is to teach life lessons through sports and team building and to inspire todays youth to incorporate positive habits of fitness and health in their lives. Active partnerships will be established with regional state organizations to grow and enhance the experience for all and to serve as a template for other facilities around the country.”
“Part iii, line 28 - program accomplishment, contd: the organization engaged subcontractors for the following in 2024: - world cycling limited llc managed an rfp process for the selection of a design build firm and project architect. These entities were secured and will commence work for the development of the velodrome complex. - whisnant strategies llc continued their development of the potential donor and funder identification and outreach.”
“Marketing/advertising (fundraising) 6915.”
“Business registration fees 4022.”
“Website & software expenses 2307.”
“INSURANCE 698.”
“BANK/MERCHANT FEES 121.”
“MEETINGS/MEALS 57.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | 10% FACTS AND CIRCUMSTANCE TEST: VELODROME DEVELOPMENT FOUNDATION MEETS THE 10% FACTS AND CIRCUMSTANCES CRITERIA TO BE CONSIDERED A PUBLICLY SUPPORTED ORGANIZATION. THESE FACTS AND CIRCUMSTANCES INCLUDE: 1. THE ORGANIZATION AND GOVERNING BODY/BOARD REPRESENTS THE BROAD INTERESTS OF THE PUBLIC. 2. THERE IS A WEBSITE FOR THE ORGANIZATION VIA WHICH THE PUBLIC CAN MAKE DONATIONS. 3. THE LIS PENDENS LAWSUIT WHICH HAD SIGNIFICANTLY DELAYED PHILANTHROPIC OUTREACH WAS RECENTLY RESOLVED. THE PROPERTY FOR THE PROPOSED PROJECT WAS PURCHASED, ALLOWING FOR THE VELODROME DEVELOPMENT FOUNDATION TO SUBSTANTIATE PHILANTHROPIC ACTIVITY. 4. FUNDING FOR THE YEAR WAS MADE THROUGH LARGE DONATIONS BY AN INDIVIDUAL BOARD MEMBER. THESE LARGE DONATIONS WERE NECESSARY TO MAINTAIN OPERATIONS IN ADVANCE OF AND DURING THE LAND PURCHASE. THESE DONATIONS IMPACTED THE PERCENTAGE OF DIVERSE PUBLIC FUNDING. 5. THE ORGANIZATION ANTICIPATES LAUNCHING A LARGER, PUBLICLY-FUNDED CAMPAIGN IN Q4 2025 OR Q1 2026, AT WHICH POINT THEY ANTICIPATE MEETING THE 33 1/3% PUBLIC SUPPORT TEST. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | PART III - ORGANIZATIONS MISSION: THE VELODROME DEVELOPMENT FOUNDATION WAS CREATED TO GROW AND HELP SUSTAIN THE SPORT OF CYCLING IN THE UNITED STATES. THE FOUNDATION HELPED CONCEIVE THE NATIONAL SPORTS AND EVENTS CENTER, A NEW PROJECT FOR THE COMMONWEALTH OF PENNSYLVANIA. THIS WORLD-CLASS FACILITY, THE FIRST OF ITS KIND IN THE U.S., WILL INCLUDE THE NATIONAL VELODROME, A STATE-OF-THE-ART INDOOR VELODROME, ALONG WITH CUSTOM DESIGNED SPACES TO HOST OTHER MAJOR ATHLETIC AND ENTERTAINMENT EVENTS. THE CENTERS COMMUNITY OUTREACH PROGRAMS WILL PROVIDE DYNAMIC AND CREATIVE OUTLETS FOR YOUNG PEOPLE TO BE INTRODUCED TO CYCLING. THE FOUNDATIONS CORE MISSION IN ITS SUPPORT OF THIS CENTER IS TO TEACH LIFE LESSONS THROUGH SPORTS AND TEAM BUILDING AND TO INSPIRE TODAYS YOUTH TO INCORPORATE POSITIVE HABITS OF FITNESS AND HEALTH IN THEIR LIVES. ACTIVE PARTNERSHIPS WILL BE ESTABLISHED WITH REGIONAL STATE ORGANIZATIONS TO GROW AND ENHANCE THE EXPERIENCE FOR ALL AND TO SERVE AS A TEMPLATE FOR OTHER FACILITIES AROUND THE COUNTRY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | PART III, LINE 28 - PROGRAM ACCOMPLISHMENT, CONTD: THE ORGANIZATION ENGAGED SUBCONTRACTORS FOR THE FOLLOWING IN 2024: - WORLD CYCLING LIMITED LLC MANAGED AN RFP PROCESS FOR THE SELECTION OF A DESIGN BUILD FIRM AND PROJECT ARCHITECT. THESE ENTITIES WERE SECURED AND WILL COMMENCE WORK FOR THE DEVELOPMENT OF THE VELODROME COMPLEX. - WHISNANT STRATEGIES LLC CONTINUED THEIR DEVELOPMENT OF THE POTENTIAL DONOR AND FUNDER IDENTIFICATION AND OUTREACH. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | MARKETING/ADVERTISING (FUNDRAISING) 6915. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | BUSINESS REGISTRATION FEES 4022. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | WEBSITE & SOFTWARE EXPENSES 2307. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | INSURANCE 698. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | BANK/MERCHANT FEES 121. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | MEETINGS/MEALS 57. |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | SECRETARY/TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2034155298 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | VELODROME DEVELOPMENT FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | VELO |
| ReturnHeader/Filer/EIN | 0 | 822739918 |
| ReturnHeader/Filer/PhoneNum | 0 | 2034155298 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 451 BRANDYWINE DRIVE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | WEST CHESTER |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | PA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 19382 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 852992024 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Shoreline Tax and Bookkeeping Services LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 69 Old Post Rd |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Clinton |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CT |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 06413 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8605524843 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-09-23 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Deborah DeRusha |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2025-09-23T11:51:55-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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