Team Noreast Velo Club is located in Durham, NH. The organization was established in 2008. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Team Noreast Velo Club is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Team Noreast Velo Club generated $3.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $1.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE HEALTH BENEFITS OF RIDING BICYCLES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Thomas Luther Treasurer | 3 | $0 | |
Timothy Young Director | 1 | $0 | |
Joseph Reagan President | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $3 |
Dividends & Interest | $0 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $0 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $3 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $0 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $234 |
Total operating and administrative expenses | $234 |
Contributions, gifts, grants paid | $1,000 |
Total expenses and disbursements | $1,234 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $22,968 |
Savings and temporary cash investments | $0 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $22,968 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Over the last fiscal year, Team Noreast Velo Club has awarded $1,500 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
AARON MILLER STATE 9 RACING PURPOSE: SUPPORT FOR STATE 9 RACING'S BEAR BROOK CLASSIC MOUNTAIN BIKE RACE | $500 |
MHS FIRST TEAM 166 PURPOSE: SUPPORT FOR MERRIMACK HIGH SCHOOL'S FIRST TEAM | $500 |
RYAN KELLY EXETER CLASSIC PURPOSE: SUPPORT FOR THE EXETER CLASSIC RACE | $500 |
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Oakley Country Club Watertown, MA | $19,643,392 | $9,027,669 |
University Club Of Boston Boston, MA | $34,166,489 | $7,340,957 |
Ekwanok Country Club Manchester, VT | $8,586,281 | $4,806,636 |
Womens Tennis Benefit Association Inc North Reading, MA | $145,348,464 | $3,190,187 |
Abenaqui Country Club Inc Rye Beach, NH | $11,569,362 | $5,766,433 |
Dorset Field Club Inc Dorset, VT | $7,951,014 | $4,678,359 |
Boston Yacht Club Marblehead, MA | $4,161,288 | $3,242,838 |
Concord Country Club Inc Concord, NH | $6,058,459 | $2,790,270 |
Advertising Club Of Greater Boston Inc Medford, MA | $732,250 | $3,116,296 |
North Andover Country Club North Andover, MA | $6,874,080 | $2,468,178 |
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