Civic Intelligence

Velodrome Development Foundation

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.

451 Brandywine DriveWest Chester, PA 19382

velodromefoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

43rd percentile

-0.7%

Higher net margin than 43% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

99th percentile

$65,000

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 43.4% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

18th percentile

-50%

Faster asset growth than 18% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

89th percentile

75%

Faster revenue growth than 89% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

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

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30K$20K$10K$0Assets 2021: $23,050Liabilities 2021: $0Net Assets 2021: $23,0502021Assets 2022: $15,644Liabilities 2022: $0Net Assets 2022: $15,6442022Assets 2023: $2,135Liabilities 2023: $0Net Assets 2023: $2,1352023Assets 2024: $1,074Net Assets 2024: $1,0742024

Highlighted filing

2024

Assets$1,074
Liabilities-
Net Assets$1,074

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2021: $152,570Expenses 2021: $135,979Net Income 2021: $16,5912021Revenue 2022: $62,500Expenses 2022: $69,906Net Income 2022: -$7,4062022Revenue 2023: $85,835Expenses 2023: $99,344Net Income 2023: -$13,5092023Revenue 2024: $149,839Expenses 2024: $150,900Net Income 2024: -$1,0612024

Highlighted filing

2024

Revenue$149,839
Expenses$150,900
Net Income-$1,061

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 15, 2025
Return Version
2024v5.2
Gross Receipts
$149,839
Mission and Program Overview

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 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

Program Services

DescriptionGrantsExpenses
NATIONAL SPORTS AND EVENTS CENTER/VELODROME DEVELOPMENTSUPPORT AND PROMOTION: CONTINUED ON SCHEDULE O$0$125,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEPHEN WHISNANTPresident/ChairmanPT$65,000-$65,000
GREG LEMONDHonorary Chairman-$0--
DAVE CHAUNERVice PresidentPT$0--
FREDERICK MAYERSecretary/TreasurerPT$0--
BRUCE HERNANDEZDirector-$0--
CROSBY WOODDirectorPT$0--
MICHAEL DINDADirector-$0--
KEVIN DUTTDirector-$0--
JASON DANNERDirector-$0--
SEAN CARITHERSDirector-$0--
PATRICK KINZELERDirector-$0--
AMBER LITTLE-TURNERDirector-$0--
Filing and Contact Details

Filer

Filer Name
Velodrome Development Foundation
EIN
82-2739918
Phone
2034155298
Address
451 BRANDYWINE DRIVE, WEST CHESTER, PA 19382

Signing Officer

Name
Frederick Mayer
Title
Secretary/treasurer
Phone
2034155298
Signed
2025-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Shoreline Tax and Bookkeeping Services LLC
Address
69 Old Post Rd, Clinton, CT 06413
Preparer
Deborah DeRusha
Phone
8605524843
Supplemental Narrative

Additional Explanations

Other

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.

Other

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.

Form 990EZ, Part I, Line 16

Marketing/advertising (fundraising) 6915.

Form 990EZ, Part I, Line 16

Business registration fees 4022.

Form 990EZ, Part I, Line 16

Website & software expenses 2307.

Form 990EZ, Part I, Line 16

INSURANCE 698.

Form 990EZ, Part I, Line 16

BANK/MERCHANT FEES 121.

Form 990EZ, Part I, Line 16

MEETINGS/MEALS 57.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PART 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/ExplanationTxt1PART 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.
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Shoreline Tax and Bookkeeping Services LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt069 Old Post Rd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Clinton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006413
ReturnHeader/PreparerPersonGrp/PhoneNum08605524843
ReturnHeader/PreparerPersonGrp/PreparationDt02025-09-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Deborah DeRusha
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-09-23T11:51:55-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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