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Velotech Foundation

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

EIN: 843056146 ✦ Hatfield, PA ✦ Designated as a 501(c)(3)

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Overview

What is Velotech Foundation?

The Velotech Foundation is a nonprofit organization that focuses on charitable contributions towards bicycle-related initiatives and organizations. Facing challenges due to global inflation and uncertainty in 2022, the foundation has persisted in soliciting donations. Despite the initial difficulties, the situation for the foundation has shown improvement as of now. The Velotech Foundation's primary goal is to support and contribute to the growth and activities of not-for-profit organizations in the bicycle sector.


Official website here: www.velotechfoundation.org

Is Velotech Foundation legitimate?

Velotech Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Velotech Foundation 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.


Official website here: www.velotechfoundation.org

What is the mission statement of Velotech Foundation?

The Velotech Foundation's mission is centered around providing charitable donations to non-profit organizations focused on bicycle-related activities. Despite encountering challenges due to global inflation and uncertainty in 2022, the foundation persevered and began soliciting donations. Fortunately, the situation has since improved for the organization. The Velotech Foundation's primary goal is to support and aid these bicycle-related not-for-profits, contributing to their initiatives and projects.


Official website here: www.velotechfoundation.org

Who is the CEO of Velotech Foundation?

Karen J Bliss is the President of Velotech Foundation.


Official website here: www.velotechfoundation.org

What is the revenue of Velotech Foundation?

Velotech Foundation's revenue in 2022 was $0.


Official website here: www.velotechfoundation.org

Who are the executives of Velotech Foundation and what are their salaries?


Here are 3 key members and their salaries:


Karen J Bliss (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick J Cunnane (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marilyn S Nyman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.velotechfoundation.org

Where can I find the form 990EZ for Velotech Foundation?

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


Official website here: www.velotechfoundation.org

Learn more at the official website: www.velotechfoundation.org

Mission Statement of Velotech Foundation

The Velotech Foundation, a charitable organization, is dedicated to providing financial support to various not-for-profit initiatives and entities that focus on bicycle-related activities. Despite encountering challenges due to global inflation and uncertainty in 2022, the foundation has persisted in its efforts to solicit charitable donations. Currently, the situation is improving for Velotech Foundation, enabling it to continue its mission of aiding bicycle-centric non-profit organizations.

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Impact




October, 2024

The Velotech Foundation significantly impacts the cycling community by providing essential financial support to bicycle-related nonprofit activities and organizations. Through its commitment to charitable donations, the foundation fosters growth and development within the cycling sector, enhancing access to recreational opportunities for individuals of all ages. Despite facing challenges due to global inflation and uncertainty in 2022, Velotech Foundation has continued its efforts to secure contributions, and the situation has begun to improve. This resilience enables the foundation to further its mission of promoting cycling as a viable and enriching recreational activity.




This information is meant to be a general summary of Velotech Foundation. 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
$0 (2022)
Expenses
$18,068 (2022)
Efficiency

Other financial information:

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

    Assets and Liabilities:

    • Total Assets: $112,090
    • Total Liabilities: $0
    • Net Assets: $112,090

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    Organization Details

    Principal Officer

    Karen J Bliss

    Main Address

    823 CHURCH ROAD, HATFIELD, PA, 19440

    NTEE Category

    Code: N99 - Recreation

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