2024-06-26T15:08:45-04:00 2023-12-31 823840465 UMBREIT WILECZEK & ASSOCIATES PC 712 E BALTIMORE PIKE KENNETT SQUARE PA 19348 990 2023-01-01 822739918 VELODROME DEVELOPMENT FOUNDATION VELO 2034155298 451 BRANDYWINE DRIVE WEST CHESTER PA 19382 FREDERICK MAYER SECRETARY/TREASURER 2034155298 2024-06-21 true FREDERICK MAYER XXX-XX-XXXX false TIMOTHY D UMBREIT CPA P00361088 6104443222 2024-06-21 2023 2023-04-26 12:10:37Z FREDERICK MAYER 78 HART ROAD GUILFORD CT 06437 85835 false X VELODROMEFOUNDATION.ORG X 2017 PA 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. 10 10 0 0 62500 85835 0 0 0 62500 85835 0 0 0 60000 60000 82762 9906 39344 69906 99344 -7406 -13509 15644 2135 0 15644 2135 X 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. false false 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. true true false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false true false false false false false false false false false false false true 2 0 0 false false false false false false false false X 10 10 false false false false false false false true true false false true false false false false false false PA X FREDERICK MAYER 2034155298 78 HART ROAD GUILFORD CT 06437 X STEPHEN WHISNANT PRESIDENT/CH 5.00 X X 0 0 0 GREG LEMOND HONORARY CHA 5.00 X X 0 0 0 DAVE CHAUNER VICE PRESIDE 5.00 X X 0 0 0 FREDERICK MAYER SECRETARY/TR 5.00 X X 0 0 0 BRUCE HERNANDEZ DIRECTOR 1.00 X 0 0 0 CROSBY WOOD DIRECTOR 1.00 X 0 0 0 MICHAEL DINDA DIRECTOR 1.00 X 0 0 0 KEVIN DUTT DIRECTOR 1.00 X 0 0 0 JASON DANNER DIRECTOR 1.00 X 0 0 0 SEAN CARITHERS DIRECTOR 1.00 X 0 0 0 false false false 85835 85835 85835 5413 5413 60000 60000 6244 6244 22762 22762 75 75 4105 4105 745 745 99344 0 16582 82762 5644 2135 10000 15644 2135 0 0 X 15644 2135 15644 2135 15644 2135 -13509 X true X false true false X 3600 18104 152570 62500 85835 322609 3600 18104 152570 62500 85835 322609 224687 97922 322609 0.30350 0.32200 X VELODROME DEVELOPMENT FOUNDATION MEETS THE 10% FACTS AND CIRCUMSTANCES CRITERIA TO BE CONSIDERED A PUBLICLY SUPPORTED ORGANIZATION. THESE FACTS AND CIRCUMSTANCES INCLUDE: 1. THE ORGANIZATION AND GOVERNING BODY/BOARD REPRESENTS THE BROAD INTERESTS OF THE PUBLIC. 2. THERE IS A WEBSITE FOR THE ORGANIZATION VIA WHICH THE PUBLIC CAN MAKE DONATIONS. 3. THERE WAS AN UNEXPECTED DELAY IN THE PHILANTHROPIC OUTREACH FOR PUBLIC FUNDING DUE TO THE FILING OF A LIS PENDENS LAWSUIT RELATED TO OWNERSHIP TRANSITION OF THE PROPERTY FOR THE INITIAL PROJECT THAT VDF INTENDED TO SUPPORT. 4. INITIAL FUNDING WAS MADE THROUGH LARGE DONATIONS BY INDIVIDUAL BOARD MEMBERS. THESE LARGE DONATIONS ARE EXPECTED TO BE ONE-TIME AND ARE NOT EXPECTED TO BE ONGOING. THESE ONE-TIME DONATIONS IMPACTED THE PERCENTAGE OF DIVERSE PUBLIC FUNDING. 5. THE ORGANIZATION ANTICIPATES LAUNCHING A LARGER, PUBLICLY-FUNDED CAMPAIGN IN Q4 2024 OR Q1 2025, AT WHICH POINT, THEY ANTICIPATE MEETING THE 33 1/3% PUBLIC SUPPORT TEST. PART II, LINE 17A VELODROME DEVELOPMENT FOUNDATION MEETS THE 10% FACTS AND CIRCUMSTANCES CRITERIA TO BE CONSIDERED A PUBLICLY SUPPORTED ORGANIZATION. THESE FACTS AND CIRCUMSTANCES INCLUDE: 1. THE ORGANIZATION AND GOVERNING BODY/BOARD REPRESENTS THE BROAD INTERESTS OF THE PUBLIC. 2. THERE IS A WEBSITE FOR THE ORGANIZATION VIA WHICH THE PUBLIC CAN MAKE DONATIONS. 3. THERE WAS AN UNEXPECTED DELAY IN THE PHILANTHROPIC OUTREACH FOR PUBLIC FUNDING DUE TO THE FILING OF A LIS PENDENS LAWSUIT RELATED TO OWNERSHIP TRANSITION OF THE PROPERTY FOR THE INITIAL PROJECT THAT VDF INTENDED TO SUPPORT. 4. INITIAL FUNDING WAS MADE THROUGH LARGE DONATIONS BY INDIVIDUAL BOARD MEMBERS. THESE LARGE DONATIONS ARE EXPECTED TO BE ONE-TIME AND ARE NOT EXPECTED TO BE ONGOING. THESE ONE-TIME DONATIONS IMPACTED THE PERCENTAGE OF DIVERSE PUBLIC FUNDING. 5. THE ORGANIZATION ANTICIPATES LAUNCHING A LARGER, PUBLICLY-FUNDED CAMPAIGN IN Q4 2024 OR Q1 2025, AT WHICH POINT, THEY ANTICIPATE MEETING THE 33 1/3% PUBLIC SUPPORT TEST. PART II, LINE 17B MEETS THE FIRST 5-YEAR RULE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X true WHISNANT STRATEGIES 1775 PENNSYLVANIA AVENUE NW 12TH FLOOR WASHINGTON DC 20005 FUNDRAISIN false 85835 60000 25835 85835 60000 25835 WHISNANT STRATEGIES PRESIDENT/CHAIR 60000 CONSULTING FEES false FORM 990 - ORGANIZATION'S MISSION 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. FORM 990, PAGE 2, PART III, LINE 4A 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. FORM 990, PAGE 6, PART VI, LINE 11B 990 IS DISTRIBUTED TO BOARD MEMBERS FOR REVIEW PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 19 AVAILABLE UPON REQUEST