Liabilities / Assets
58th percentile
Tied with the lowest-debt nonprofits in its peer group.
Velodrome Development Foundation
990 • Fiscal year 2023 • EIN 82-2739918
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
59th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
22nd percentile
Higher net margin than 22% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
4th percentile
Faster asset growth than 4% of similar nonprofits.
Revenue Growth
76th percentile
Faster revenue growth than 76% of similar nonprofits.
Balance Sheet
Assets
Down$2,135
Down $13,509 (-86%) from 2022
Net Assets
Down$2,135
Down $13,509 (-86%) from 2022
Liabilities
Flat$0
Flat from 2022
Revenue And Expenses
Revenue
Up$85,835
Up $23,335 (+37%) from 2022
Expenses
Up$99,344
Up $29,438 (+42%) from 2022
Net Income
Down-$13,509
Down $6,103 (-82%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Jun 21, 2024
- Return Version
- 2023v5.0
- Gross Receipts
- $85,835
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.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Receivable From Disqualified Prsn | $10,000 | - | - |
| Cash and Non-Interest-Bearing Accounts | $5,644 | $2,135 | ▼ $3,509 |
| Total Assets | $15,644 | $2,135 | ▼ $13,509 |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $15,644 | $2,135 | ▼ $13,509 |
| Total Net Assets Fund Balance | $15,644 | $2,135 | ▼ $13,509 |
| Total Liabilities and Net Assets / Fund Balance | $15,644 | $2,135 | ▼ $13,509 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Stephen Whisnant | President/ch |
| Bruce Hernandez | Director |
| Crosby Wood | Director |
| Jason Danner | Director |
| Kevin Dutt | Director |
| Michael Dinda | Director |
| Sean Carithers | Director |
| Greg Lemond | Honorary CHA |
| Frederick Mayer | Secretary/tr |
| Dave Chauner | Vice Preside |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $85,835
- Program Service Revenue
- $0
- Investment Income
- $0
- Other Revenue
- $0
- All Other Contributions
- $85,835
- Change in Net Assets
- $-13,509
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Total Fundraising Expense | $82,762 |
| Professional Fundraising Fees | $60,000 |
| Other Expenses | $39,344 |
| Grants and Similar Amounts Paid | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Professional Fundraising | - | - | $60,000 | $60,000 |
| Advertising | - | - | $22,762 | $22,762 |
| Fees for Services Other | - | $6,244 | - | $6,244 |
| Fees for Services Accounting | - | $5,413 | - | $5,413 |
| Information Technology | - | $4,105 | - | $4,105 |
| Insurance | - | $745 | - | $745 |
| Office Expenses | - | $75 | - | $75 |
| Total Functional Expenses | $0 | $16,582 | $82,762 | $99,344 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- Yes
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $60,000 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Interested-Person Transactions
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| - | President/chair | Consulting Fees | No | $60,000 |
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | $10,000 | - | - |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- Yes
- Audit committee
- Yes
- Business relationship with 35% controlled entity
- No
- Business relationship with family members
- No
- Business relationship with organization members
- Yes
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- No
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- No
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Page 6, Part VI, Line 11B
“990 is distributed to board members for review prior to filing.”
Form 990, Page 6, Part VI, Line 19
“AVAILABLE UPON REQUEST”
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
- 2024-06-21
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Frederick Mayer
- Formed
- 2017
- Legal Domicile
- Pa
- Voting Board Members
- 10
- Independent Board Members
- 10
- Employees
- 0
Preparer
- Firm
- Umbreit Wileczek & Associates Pc
- Address
- 712 E BALTIMORE PIKE, KENNETT SQUARE, PA 19348
- Preparer
- Timothy D Umbreit CPA
- Phone
- 6104443222
Supplemental Narrative
Additional Explanations
FORM 990 - ORGANIZATION'S 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.”
Form 990, Page 2, Part III, Line 4A
“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.”
Raw XML Appendix348 raw XML fields
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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| IRS990/MissionDesc | 0 | 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. |
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| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990ScheduleA/FactsAndCircumstancesTestTxt | 0 | 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. THERE WAS AN UNEXPECTED DELAY IN THE PHILANTHROPIC OUTREACH FOR PUBLIC FUNDING DUE TO THE FILING OF A LIS PENDENS LAWSUIT RELATED TO OWNERSHIP TRANSITION OF THE PROPERTY FOR THE INITIAL PROJECT THAT VDF INTENDED TO SUPPORT. 4. INITIAL FUNDING WAS MADE THROUGH LARGE DONATIONS BY INDIVIDUAL BOARD MEMBERS. THESE LARGE DONATIONS ARE EXPECTED TO BE ONE-TIME AND ARE NOT EXPECTED TO BE ONGOING. THESE ONE-TIME DONATIONS IMPACTED THE PERCENTAGE OF DIVERSE PUBLIC FUNDING. 5. THE ORGANIZATION ANTICIPATES LAUNCHING A LARGER, PUBLICLY-FUNDED CAMPAIGN IN Q4 2024 OR Q1 2025, AT WHICH POINT, THEY ANTICIPATE MEETING THE 33 1/3% PUBLIC SUPPORT TEST. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | 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. THERE WAS AN UNEXPECTED DELAY IN THE PHILANTHROPIC OUTREACH FOR PUBLIC FUNDING DUE TO THE FILING OF A LIS PENDENS LAWSUIT RELATED TO OWNERSHIP TRANSITION OF THE PROPERTY FOR THE INITIAL PROJECT THAT VDF INTENDED TO SUPPORT. 4. INITIAL FUNDING WAS MADE THROUGH LARGE DONATIONS BY INDIVIDUAL BOARD MEMBERS. THESE LARGE DONATIONS ARE EXPECTED TO BE ONE-TIME AND ARE NOT EXPECTED TO BE ONGOING. THESE ONE-TIME DONATIONS IMPACTED THE PERCENTAGE OF DIVERSE PUBLIC FUNDING. 5. THE ORGANIZATION ANTICIPATES LAUNCHING A LARGER, PUBLICLY-FUNDED CAMPAIGN IN Q4 2024 OR Q1 2025, AT WHICH POINT, THEY ANTICIPATE MEETING THE 33 1/3% PUBLIC SUPPORT TEST. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 1 | MEETS THE FIRST 5-YEAR RULE. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | PART II, LINE 17A |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 1 | PART II, LINE 17B |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 85835 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 62500 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 152570 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 18104 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 3600 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 322609 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.30350 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.32200 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 97922 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 224687 |
| IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 85835 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 62500 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 152570 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 18104 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 3600 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 322609 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 322609 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleG/AgrmtProfFundraisingActyInd | 0 | true |
| IRS990ScheduleG/EmailSolicitationsInd | 0 | X |
| IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt | 0 | FUNDRAISIN |
| IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd | 0 | false |
| IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt | 0 | 85835 |
| IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt | 0 | 25835 |
| IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt | 0 | WHISNANT STRATEGIES |
| IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt | 0 | 60000 |
| IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt | 0 | 1775 PENNSYLVANIA AVENUE NW |
| IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine2Txt | 0 | 12TH FLOOR |
| IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm | 0 | WASHINGTON |
| IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd | 0 | DC |
| IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd | 0 | 20005 |
| IRS990ScheduleG/MailSolicitationsInd | 0 | X |
| IRS990ScheduleG/PhoneSolicitationsInd | 0 | X |
| IRS990ScheduleG/TotalGrossReceiptsAmt | 0 | 85835 |
| IRS990ScheduleG/TotalNetToOrganizationAmt | 0 | 25835 |
| IRS990ScheduleG/TotalRetainedByContractorsAmt | 0 | 60000 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt | 0 | WHISNANT STRATEGIES |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt | 0 | PRESIDENT/CHAIR |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd | 0 | false |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt | 0 | 60000 |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc | 0 | CONSULTING FEES |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 990 IS DISTRIBUTED TO BOARD MEMBERS FOR REVIEW PRIOR TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | AVAILABLE UPON REQUEST |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | PA |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 15644 |
| IRS990/TotalAssetsEOYAmt | 0 | 2135 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 15644 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 2135 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 85835 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 82762 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 16582 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 99344 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 15644 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 2135 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 85835 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 15644 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 2135 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/USAddress/AddressLine1Txt | 0 | 78 HART ROAD |
| IRS990/USAddress/CityNm | 0 | GUILFORD |
| IRS990/USAddress/StateAbbreviationCd | 0 | CT |
| IRS990/USAddress/ZIPCd | 0 | 06437 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 10 |
| IRS990/VotingMembersIndependentCnt | 0 | 10 |
| IRS990/WebsiteAddressTxt | 0 | VELODROMEFOUNDATION.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | FREDERICK MAYER |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | SECRETARY/TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2034155298 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-06-21 |
| 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 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 823840465 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | UMBREIT WILECZEK & ASSOCIATES PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 712 E BALTIMORE PIKE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | KENNETT SQUARE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | PA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 19348 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6104443222 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-06-21 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | TIMOTHY D UMBREIT CPA |
| ReturnHeader/ReturnTs | 0 | 2024-06-26T15:08:45-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | FREDERICK |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | MAYER |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $2,135
- Liabilities
- $0
- Net assets
- $2,135
- Revenue
- $85,835
- Expenses
- $99,344
- Net income
- -$13,509