Overview
What is Fire Velo?
Fire Velo is a charitable organization situated in Murrieta, California, with an address at 29677 Troon CT, 92563. Their primary mission is to raise funds for cancer research through various organized bike rides. They utilize these events to generate financial support, aiming to contribute to ongoing research and potential advancements in the field.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star Rating
Fire Velo has received a One-Star rating from Charity Navigator, reflecting a score of 54%. This rating is primarily derived from its Accountability & Finance metrics. The organization excels in several governance areas, boasting a fully independent board with 10 out of 10 points and a well-documented conflict of interest policy, indicating strong organizational oversight.
Despite these strengths, Fire Velo faces significant challenges in financial performance, particularly with a low program expense ratio of 45.39% and a liabilities to assets ratio of 0.00%. This suggests that while the organization may have sound governance practices, a limited portion of its resources are directed towards its programs, which could raise concerns about its overall effectiveness in fulfilling its mission.
Overall, while Fire Velo demonstrates robust governance and accountability standards, its financial operations indicate room for improvement in making a greater impact through its programs. Stakeholders may want to consider these factors when evaluating the charity's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Fire Velo legitimate?
Fire Velo is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fire Velo 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Fire Velo?
Fire Velo's mission is centered around organizing various bike rides with the primary objective of raising funds for cancer research. This non-profit organization aims to contribute to the ongoing efforts in cancer research, striving to make a difference in the fight against this disease. The bike rides serve as a platform for community engagement and collective action, raising funds that can fuel further research and potentially lead to advancements in cancer treatment and prevention. Fire Velo's activities are focused on harnessing the power of cycling to support a noble cause.
Who is the CEO of Fire Velo?
James Berklite is the Berklite of Fire Velo.
What is the revenue of Fire Velo?
Fire Velo's revenue in 2022 was $55,835.
Who are the executives of Fire Velo and what are their salaries?
There 30 volunteers at Fire Velo.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Fire Velo?
Fire Velo's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fire Velo
Fire Velo, a nonprofit organization, is dedicated to raising funds for cancer research through various bicycle rides. Their mission is to contribute to the ongoing fight against cancer by organizing and participating in bike rides, with the ultimate goal of making a positive impact. By participating in these rides, Fire Velo aims to raise awareness and collect donations to support cancer research efforts. The organization's bicycle-centric activities serve as a unique platform for engaging the community in a meaningful way while supporting a vital cause.
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Impact
August, 2024
Fire Velo's impact is significant in raising funds to benefit cancer research through various bike rides. By organizing these events, Fire Velo is able to contribute to the fight against cancer and support initiatives that aim to improve treatments and find a cure for this disease. Through their efforts, they are able to engage the community, raise awareness about cancer, and provide much-needed financial support to advance research in this field.
This information is meant to be a general summary of Fire Velo. 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: $217
- Gross Receipts: $55,835
Assets and Liabilities:
- Total Assets: $53,752
- Total Liabilities: $0
- Net Assets: $53,752
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Organization Details
Founding Year
2011
Phone
(661) 886-2630Principal Officer
James Berklite
Main Address
29677 TROON CT, MURRIETA, CA, 92563
NTEE Category
Code: G30 - Disease
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