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Velocity 7

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 832673679 ✦ Grass valley, CA ✦ Designated as a 501(c)(3)

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Overview

What is Velocity 7?

Velocity 7 is a nonprofit organization, whose primary purpose is to foster the advancement of innovative energy, transportation, and manufacturing technologies in California. By supporting research, development, demonstration, and commercialization efforts, they aim to enhance the quality of life for the state's residents. Although specific details about their activities or mission are not provided, their overall mission can be summarized as promoting technological progress in these key sectors for the betterment of California's population.

Is Velocity 7 legitimate?

Velocity 7 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Velocity 7 submitted a form 990EZ, 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.

What is the mission statement of Velocity 7?

Velocity 7's mission is centered around promoting the advancement of energy, transportation, and manufacturing technologies. Their primary goal is to support research, development, demonstration, and commercialization of these technologies, with the aim of benefiting the general public. This organization is dedicated to enhancing the well-being of residents by introducing and implementing innovative technologies in these sectors. They strive to contribute to a more sustainable and technologically advanced future.

Who is the CEO of Velocity 7?

Unavailable

What is the revenue of Velocity 7?

Velocity 7's revenue in 2022 was $37.

Who are the executives of Velocity 7 and what are their salaries?


Here are 3 key members and their salaries:


Mark Filiminov (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shawn Garvey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Hart (Director/Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Velocity 7?

Velocity 7's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Velocity 7

Velocity 7, as a nonprofit organization, is dedicated to supporting the advancement of energy, transportation, and manufacturing technologies. Their mission is to conduct research, develop, demonstrate, and eventually commercialize these technologies, all with the aim of benefiting the residents of California. By engaging in these activities, Velocity 7 seeks to contribute to the betterment of the community by promoting the use of advanced technologies in these sectors.

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Impact




October, 2024

Velocity 7 plays a crucial role in advancing California's economic and technological landscape by supporting the research, development, demonstration, and commercialization of innovative technologies in energy, transportation, and manufacturing. Its efforts contribute directly to creating sustainable solutions that address pressing challenges within the state, such as reducing carbon emissions and enhancing energy efficiency.

By fostering collaboration between researchers, entrepreneurs, and industry stakeholders, Velocity 7 accelerates the transition to cleaner technologies, driving both economic growth and environmental stewardship. The organization's focus on advanced technologies not only helps propel California to the forefront of innovation but also ensures that the benefits of these advancements are distributed among its residents, ultimately improving quality of life and promoting a resilient economy.




This information is meant to be a general summary of Velocity 7. 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.

Revenue
$37 (2022)
Expenses
$1,900 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $37
  • Gross Receipts: $37

Assets and Liabilities:

  • Total Assets: $35,055
  • Total Liabilities: $0
  • Net Assets: $35,055

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Organization Details

Main Address

PO Box 3159, Grass Valley, CA, 95945

NTEE Category

Code: W02 - Public benefit

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