Velo Club La Grange
- Assets
- $187.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 04/1986
- Data as of
- 12/2023
- EIN
- 95-4000746
Organization Overview
Velo Club La Grange is located in Los Angeles, CA. The organization was established in 1986. 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. Velo Club LA Grange 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 12/2023, Velo Club LA Grange generated $47.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $69.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SPONSORSHIP OF A AMATEUR BICYCLE RACING TEAM FOR AMATEUR MEN, WOMEN, BOYS & GIRLS CYCLISTS, INCLUDING TRAVEL, LODGING, EQUIPMENT, ENTRY FEES, ETC.SPONSORSHIP AND MANAGEMENT OF REGIONAL AMATEUR BICYCLE EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marco Fantone Director | 0 | $0 | |
Lisa Goldfarb Secretary | 0 | $0 | |
Peter Dorantes President | 0 | $0 | |
Rob Imrie Director | 0 | $0 | |
Renee Fox Director | 0 | $0 | |
Bodie Olmos Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,471 |
| Total Program Service Revenue | $0 |
| Membership dues | $16,688 |
| Investment income | $963 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $9,136 |
| Other Revenue | $0 |
| Total Revenue | $47,258 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $16,993 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $995 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $49,575 |
| Total expenses | $69,537 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $137,723 |
| Other assets | $0 |
| Total assets | $187,094 |
| Total liabilities | $0 |
| Net assets or fund balances | $187,094 |