Civic Intelligence

Velotech Foundation

990EZ • Fiscal year 2023 • EIN 84-3056146

Jan 01, 2023 to Dec 31, 2023 • Filed on May 29, 2024

Organization Profilevelotechfoundation.org
823 Church RoadHatfield, PA 19440

(610) 390-6690

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

15th percentile

-37%

Faster asset growth than 15% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$71,090

Down $41,000 (-37%) from 2022

Net Assets

Down

$71,090

Down $41,000 (-37%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2022

Expenses

Up

$41,000

Up $22,932 (+127%) from 2022

Net Income

Down

-$41,000

Down $22,932 (-127%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

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

$200K$150K$100K$50K$0Assets 2019: $166,740Liabilities 2019: $02019Assets 2020: $148,128Liabilities 2020: $0Net Assets 2020: $148,1282020Assets 2021: $130,158Liabilities 2021: $0Net Assets 2021: $130,1582021Assets 2022: $112,090Liabilities 2022: $0Net Assets 2022: $112,0902022Assets 2023: $71,090Liabilities 2023: $0Net Assets 2023: $71,0902023Assets 2024: $39,716Net Assets 2024: $39,7162024

Highlighted filing

2023

Assets$71,090
Liabilities$0
Net Assets$71,090
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$50K$0-$50KRevenue 2019: $0Expenses 2019: $844Net Income 2019: -$8442019Revenue 2020: $0Expenses 2020: $18,612Net Income 2020: -$18,6122020Revenue 2021: $0Expenses 2021: $17,970Net Income 2021: -$17,9702021Revenue 2022: $0Expenses 2022: $18,068Net Income 2022: -$18,0682022Revenue 2023: $0Expenses 2023: $41,000Net Income 2023: -$41,0002023Revenue 2024: $0Expenses 2024: $31,374Net Income 2024: -$31,3742024

Highlighted filing

2023

Revenue$0
Expenses$41,000
Net Income-$41,000
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 29, 2024
Return Version
2023v5.0
Mission and Program Overview

Mission

Charitable donations to bicycle related not-for-profit activities & organizations.

Charitable donations to bicycle related not-for-profit activities & organizations. Support bicycle related activities and organizations.

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION IS NOW BEGINNING TO SOLICIT CHARITABLE DONATIONS TO BICYCLE RELATED NOT-FOR-PROFIT ACTIVITIES & ORGANIZATIONS. DUE TO GLOBAL INFLATION AND UNCERTAINTY IN 2023, IT HAS BEEN A CHALLENGE BUT THINGS ARE BEGINNING TO IMPROVE FOR THE ORGANIZATION TO FULFILL ITS MISSION MOVING FORWARD.-$41,000
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
KAREN J BLISSPresidentPT$0--
PATRICK J CUNNANETreasurer-$0--
MARILYN S NYMANSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Velotech Foundation
EIN
84-3056146
Phone
6103906690
Address
823 CHURCH ROAD, HATFIELD, PA 19440

Signing Officer

Name
Karen J Bliss
Title
President
Signed
2024-05-29
Discuss with paid preparer
Yes

Preparer

Firm
Spear Coyne & Company LTD
Address
350 S Main Street Ste 202, Doylestown, PA 18901
Preparer
Wade L Wishneski CPA
Phone
2153455349
Supplemental Narrative

Additional Explanations

Other Expenses.1009

“Depreciation $4300”

Other Expenses.1

“Office & computer expense $480”

Other Assets.1003

“Machinery and Equipment - Beginning $6512 Machinery and Equipment - Ending $10468”

Raw XML Appendix130 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0KAREN J BLISS
IRS990EZ/BooksInCareOfDetail/PhoneNum06103906690
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0823 CHURCH ROAD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0HATFIELD
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd019440
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0105116
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt060206
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-41000
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt02520
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0112090
IRS990EZ/Form990TotalAssetsGrp/EOYAmt071090
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt0462
IRS990EZ/LandAndBuildingsGrp/EOYAmt0416
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0112090
IRS990EZ/NetAssetsOrFundBalancesEOYAmt071090
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0112090
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt071090
IRS990EZ/OccupancyRentUtltsAndMaintAmt033700
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt025.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0KAREN J BLISS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1PATRICK J CUNNANE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MARILYN S NYMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt06512
IRS990EZ/OtherAssetsTotalDetail/EOYAmt010468
IRS990EZ/OtherExpensesTotalAmt04780
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0CHARITABLE DONATIONS TO BICYCLE RELATED NOT-FOR-PROFIT ACTIVITIES & ORGANIZATIONS. SUPPORT BICYCLE RELATED ACTIVITIES AND ORGANIZATIONS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE ORGANIZATION IS NOW BEGINNING TO SOLICIT CHARITABLE DONATIONS TO BICYCLE RELATED NOT-FOR-PROFIT ACTIVITIES & ORGANIZATIONS. DUE TO GLOBAL INFLATION AND UNCERTAINTY IN 2023, IT HAS BEEN A CHALLENGE BUT THINGS ARE BEGINNING TO IMPROVE FOR THE ORGANIZATION TO FULFILL ITS MISSION MOVING FORWARD.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt041000
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt041000
IRS990EZ/TotalProgramServiceExpensesAmt041000
IRS990EZ/TotalRevenueAmt00
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0velotechfoundation.org
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalSupportAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Depreciation $4300
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICE & COMPUTER EXPENSE $480
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Machinery and Equipment - Beginning $6512 Machinery and Equipment - Ending $10468
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1009
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Assets.1003
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KAREN J BLISS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VELOTECH FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0VELO
ReturnHeader/Filer/EIN0843056146
ReturnHeader/Filer/PhoneNum06103906690
ReturnHeader/Filer/USAddress/AddressLine1Txt0823 CHURCH ROAD
ReturnHeader/Filer/USAddress/CityNm0HATFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019440
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0204082475
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Spear Coyne & Company LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0350 S Main Street Ste 202
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Doylestown
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd018901
ReturnHeader/PreparerPersonGrp/PhoneNum02153455349
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Wade L Wishneski CPA
ReturnHeader/ReturnTs02024-05-29T18:09:18-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KAREN J
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BLISS
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$71,090
Liabilities
$0
Net assets
$71,090
Revenue
$0
Expenses
$41,000
Net income
-$41,000
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.40$0.40$0.00$0.31$0.31
2023Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$0.00$0.41$0.41
2022Detailed filing. Detailed filing data is available for this year.$1.12$0.00$1.12$0.00$0.18$0.18
2021Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.30$0.00$0.18$0.18
2020Detailed filing. Detailed filing data is available for this year.$1.48$0.00$1.48$0.00$0.19$0.19
2019Summary only. Only limited summary data is available for this year.$1.67$0.00$0.00$0.01$0.01