Overview
What is Veloz?
Veloz is a nonprofit organization based in Sacramento, California, dedicated to promoting electric vehicles for all. With a focus on public education, they aim to dispel myths and provide resources to help individuals make informed decisions about their next electric vehicle purchase. The upcoming campaign, 'Myths Busting Myths', blends Hollywood-style entertainment with reliable information to raise awareness and debunk common misconceptions. In the 2021-2022 fiscal year, Veloz secured grant funding and private investments totaling $4 million, onboarded eight community partners as messengers, and welcomed two diversity, equity, and inclusion advisors into the creative process. They have been working closely with their creative agency to finalize the concept and scripts, while planning for asset creation, talent acquisition, and launch activities. Veloz also redesigned its websites, VELOZ.org and ElectricForAll.org, to accommodate increased use, brought on a research partner to track the campaign's impact, and secured in-kind assets for production in Los Angeles. They are currently working to identify a top-tier media company to ensure their digital creative assets are placed on the appropriate channels, and that data is recorded, the campaign is optimized over time, and Veloz obtains the most impact possible. Veloz engages its members, public-private partnerships, programs, policy engagement, and public awareness campaigns to overcome barriers to electrification and create a virtuous cycle of desire and demand, with more affordable makes and models and refueling stations, making electric for all a reality.
Official website here: www.veloz.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
Veloz has received a Three-Star rating from Charity Navigator, reflecting a solid score of 87%. This rating indicates that the organization demonstrates good accountability and financial health, particularly highlighted by its perfect scores in areas such as independent board membership and asset management. With a program expense ratio of 76.81%, Veloz efficiently allocates a significant portion of its funds towards programmatic efforts, showcasing its commitment to its mission.
While the organization performs well in many accountability metrics, there are notable areas for improvement, particularly in governance policies. Veloz did not score in the whistleblower and document retention categories, which suggests a need for more robust policies to protect internal accountability and ensure proper handling of organizational documents. Addressing these gaps could further enhance trust and transparency.
Overall, Veloz stands out for its strong financial practices and effective board structure. However, to bolster its overall rating and public trust, it should focus on implementing and improving critical governance policies to mitigate potential risks.
This AI summary has been generated from information found on Charity Navigator.
Is Veloz legitimate?
Veloz is a legitimate nonprofit organization registered as a 501(c)(3) entity. Veloz submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $192,994
Professional Fundraising Fees: $0
Other Salaries and Wages: $389,630
For more financial information, click here
Official website here: www.veloz.org
What is the mission statement of Veloz?
Veloz is a non-profit organization that advocates for the widespread adoption of electric vehicles. Through its extensive network of members, partnerships, and public awareness campaigns, Veloz works to overcome barriers to electrification and create a positive feedback loop, driving down costs and increasing the availability of affordable electric vehicles and refueling stations. The organization's goal is to make electric vehicles accessible to all, aiming to make electric mobility a reality for everyone.
Official website here: www.veloz.org
Who is the CEO of Veloz?
Josh D Boone is the Principal Officer of Veloz.
Official website here: www.veloz.org
What is the revenue of Veloz?
Veloz's revenue in 2022 was $3,963,157.
Official website here: www.veloz.org
Who are the executives of Veloz and what are their salaries?
The average compensation at Veloz during 2022 was $145,656. There are 4 employees at Veloz.
Here are 19 key members and their salaries:
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- Compensation: $155,358
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- Other: $23,520
- Compensation: $150,467
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- Other: $4,514
Official website here: www.veloz.org
Where can I find the form 990 for Veloz?
Veloz's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.veloz.org
Learn more at the official website: www.veloz.org
Mission Statement of Veloz
Veloz, a nonprofit organization, strives to make electric vehicles accessible to all by increasing public understanding of their benefits. This mission is achieved through a combination of member engagement, public-private partnerships, programs, policy engagement, and public awareness campaigns. The organization works tirelessly to overcome the barriers to electrification, aiming to create a virtuous cycle of desire and demand for more affordable makes and models, as well as refueling stations. In essence, Veloz seeks to make electric vehicles a reality for everyone.
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Impact
June, 2024
Veloz's impact lies in its mission to make electric vehicles accessible to all through public education and awareness campaigns. By launching initiatives like the 'Myths Busting Myths' campaign, Veloz works to dispel misconceptions, raise awareness, and provide tools to help the public make informed decisions when considering electric vehicle purchases. Through fundraising efforts, partnership building, and strategic planning, Veloz is paving the way for a more sustainable transportation future. Its commitment to engaging diverse communities and prioritizing consumer education reflects a dedication to overcoming barriers to electrification and promoting a cleaner, greener future for all.
This information is meant to be a general summary of Veloz. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $437
- Program Service Revenue: $1,371,665
- Gross Receipts: $3,963,157
Assets and Liabilities:
- Total Assets: $3,838,005
- Total Liabilities: $368,073
- Net Assets: $3,469,932
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,371,665
Organization Details
Founding Year
2017
Phone
(916) 752-8510Principal Officer
Josh D Boone
Main Address
400 CAPITOL MALL 900, SACRAMENTO, CA, 95814
Website
www.veloz.orgNTEE Category
Code: C35 - Environment
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