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Nonprofit · EIN 23-2831470

VELODROME FUND

Also known as MARTY NOTHSTEIN

Tax-exempt · BREINIGSVILLE, PA 18031

Financials

$656K$934K2023$780K$723K2024
Revenue Expenses · by fiscal year end
Financials of VELODROME FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990 (amended)$780,373$722,811$57,562$1,554,507$13,566$1,540,941
December 31, 2023990$656,499$933,936-$277,437$1,483,272$86,011$1,397,261
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$518,662
of which government grants
$34,500
Program service revenue
$223,833
Investment income
$28,904
Other revenue
$8,974

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$244,067
Salaries, compensation and benefits (total)
$373,608
Professional fundraising fees
$0
Occupancy
$60,508
Travel
$408
Depreciation
$24,644
Program services (functional)
$575,851
Management and general (functional)
$126,289
Fundraising (functional)
$20,671

Balance sheet and other

Total assets, start of year
$1,483,272
Total assets, end of year
$1,554,507
Total liabilities, end of year
$13,566
Net assets, end of year
$1,540,941
Land, buildings and equipment
$279,682
Net assets without donor restrictions
$367,346
Net assets with donor restrictions
$1,173,595
Gross receipts
$780,373
Employees
16
Year formed
1995
State of legal domicile
PA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
ED SLAUGHTERCHAIRMAN
Officer
2$0
RICK BEUTTELDIRECTOR
Officer
2$0
JONATHAN WITTESECRETARY
Officer
2$0
CHRIS TEAKLETREASURER
Officer
2$0
ELSPETH HUYETTDIRECTOR
Trustee or director
2$0
MICHELLE LEEDIRECTOR
Trustee or director
2$0
BOB MARTINDIRECTOR
Trustee or director
2$0
DR NEAL STANSBURYDIRECTOR
Trustee or director
2$0
ANDREW NORELLIDIRECTOR
Trustee or director
2$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensation
ED SLAUGHTERCHAIRMAN
Officer
2$0
RICK BEUTTELDIRECTOR
Officer
2$0
JONATHAN WITTESECRETARY
Officer
2$0
CHRIS TEAKLETREASURER
Officer
2$0
CHIP BEREZNYDIRECTOR
Trustee or director
2$0
ZACH GRICEDIRECTOR
Trustee or director
2$0
ELSPETH HUYETTDIRECTOR
Trustee or director
2$0
MICHELLE LEEDIRECTOR
Trustee or director
2$0
BOB MARTINDIRECTOR
Trustee or director
2$0
CHERYL GLOSTER OSBORNEDIRECTOR
Trustee or director
2$0
DR NEAL STANSBURYDIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
1151 MOSSER RD, BREINIGSVILLE, PA 18031-1336
In care of
% THOMAS STONEBACK
Principal officer (990 for 2024)
WENDY MOYER-DRABICK, 1151 MOSSER RD, BREINIGSVILLE, PA 18031
Signed the 990
WENDY MOYER-DRABICK, ACCOUNTANT
Phone
(610) 395-7000
Return prepared by
REGAN LEVIN BLOSS BROWN & SAVCHAK PC

Mission

TO OPERATE THE VELODROME FACILITY AND PROMOTE BICYCLE RACING.

990 for the year ended December 31, 2024

Program accomplishments

  • TO OPERATE THE VELODROME FACILITY AND TO PROMOTE BICYCLE RACING AND OTHER FITNESS ACTIVITIES HELD THERE.
    revenue $223,833
  • TO DEVELOP CYCLING PROGRAMS FOR THE FITNESS AND WELL BEING OF THE RESIDENTS OF THE LEHIGH VALLEY AND SURROUNDING COMMUNITIES.
  • NONE
    Expenses $575,851

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-2831470
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1996
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,554,507
Income (IRS master file)
$780,373

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$780,373$722,811$1,554,507XML
990December 2023$656,499$933,936$1,483,272XML
990December 2022$771,660$801,190$1,553,764IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-2831470).

Questions about VELODROME FUND

What is the EIN of VELODROME FUND?
The employer identification number (EIN) of VELODROME FUND is 23-2831470.
Is VELODROME FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
Are donations to VELODROME FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does VELODROME FUND file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of VELODROME FUND due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did VELODROME FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of VELODROME FUND?
The 990 for the year ended December 31, 2024 names WENDY MOYER-DRABICK.
Who are the officers and directors of VELODROME FUND?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does VELODROME FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $780,373, expenses of $722,811 and total assets of $1,554,507 at year end.

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