EIN 82-2739918

Velodrome Development Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2017
Most recent tax filings
2022-12-01
Description
The Velodrome Development Foundation grows and sustains cycling in the United States, conceived the National Sports and Events Center project for Pennsylvania, and creates world-class facilities. The foundation is located in West Chester, PA.
Total revenues
$62,500
2022
Total expenses
$69,906
2022
Total assets
$15,644
2022
Num. employees
0
2022

Program areas at Velodrome Development Foundation

The Velodrome Development Foundation was created to grow and help sustain the sport of cycling in the united states. The Foundation helped conceive the national sports and events center, a new project for the commonwealth of Pennsylvania. This world-class facility, the first of its kind in the u.s., will include the national Velodrome, a state-of-the-art indoor Velodrome, along with custom designed spaces to host other major athletic and entertainment events. The center's community outreach programs will provide dynamic and creative outlets for young people to be introduced to cycling. The Foundation's core mission in its support of this center is to teach life lessons through sports and team building and to inspire today's youth to incorporate positive habits of fitness and health in their lives. Active partnerships will be established with regional state organizations to grow and enhance the experience for all and to serve as a template for other facilities around the country.

Who funds Velodrome Development Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
MFundGeneral Support$15,000
National Philanthropic TrustHuman Services$10,000

Personnel at Velodrome Development Foundation

NameTitleCompensation
Stephen WhisnantPresident and Chief Executive Officer$0
Frederick MayerSecretary and Treasurer$0
Greg LemondHonorary Chair$0
Dave ChaunerVice President$0

Financials for Velodrome Development Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$62,500
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$62,500

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Data update history
June 26, 2023
Updated personnel
Identified 15 new personnel
May 21, 2023
Received grants
Identified 1 new grant, including a grant for $15,000 from MFund
May 15, 2023
Used new vendors
Identified 2 new vendors, including , and
June 2, 2021
Posted financials
Added Form 990N for fiscal year 2020
April 28, 2021
Posted financials
Added Form 990N for fiscal year 2019
Nonprofit Types
Sports competitionsSports organizationsCharities
Issues
Human servicesChildrenSports
Characteristics
State / local levelCommunity engagement / volunteeringTax deductible donationsNo full-time employees
General information
Address
451 Brandywine Dr
West Chester, PA 19382
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Phone
(203) 415-5298
IRS details
EIN
82-2739918
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2017
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
N70: Amateur Sports Competitions
NAICS code, primary
7113: Promoters of Performing Arts, Sports, and Similar Events
Parent/child status
Independent
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