Velocity Entreprenurial Drive in Folsom, California (CA)
Table of contents:
| Velocity Entreprenurial Drive | |
| Employer Identification Number (EIN) | 260382616 |
| Name of Organization | Velocity Entreprenurial Drive |
| In Care of Name | Jack G Crawford Jr |
| Address | 181 Blue Ravine Road No 120, Folsom, CA 95630 |
| Subsection | Charitable Organization |
| Ruling Date | 09/2008 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 2012 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $40,000 |
| Amount of Income | $139,314 |
| Form 990 Revenue Amount | $139,314 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations |
Non-representatives - add comments:
Amount of income in 2012: $139,314 (it was $139,314 in 2013)
| This organization: | $139,314 |
| Other organizations performing similar types of work: | $288,471 |
Assets in 2012: $40,000 (it was $40,000 in 2013)
| This organization: | $40,000 |
| Other organizations performing similar types of work: | $696,286 |
Expenses in 2013: $99,314
| Velocity Entreprenurial Drive: | $99,314 |
| Other organizations performing similar types of work: | $244,182 |
Income to expenses ratio in 2013: 1.4
| This organization: | 1.4 |
| Other organizations performing similar types of work: | 1.5 |
Grants share in income in 2013: 100.0%
| Velocity Entreprenurial Drive: | 100.0% |
| Other organizations performing similar types of work: | 66.6% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
| 2013 | |
|---|---|
| Total revenue | $139,314 |
| Contributions, gifts, grants, and similar amounts received | $139,314 |
| Program service revenue including government fees and contracts | $0 |
| Membership dues and assessments | $0 |
| Investment income | $0 |
| Gain/Loss from sale of assets other than inventory | $0 |
| Net income/loss from gaming and fundraising events | $0 |
| Gross profit/loss from sales of inventory | $0 |
| Other revenue | $0 |
| Total expenses | $99,314 |
| Total net assets | $40,000 |
| Excess/Deficit for the year | $40,000 |
| Net assets or fund balances at beginning of year | $0 |
| Other changes in net assets or fund balances | $0 |
| Net assets or fund balances at end of year | $40,000 |
| Balance Sheets | |
| 2013 | |
|---|---|
| Total assets | $40,000 |
| Total liabilities | $0 |
| Net assets or fund balances | $40,000 |
| Other Information | |
| 2013 | |
|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No |
| Were any significant changes made to the organizing or governing documents? | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Has the organization filed a Form 990-T for the year? | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No |
| Amount of political expenditures, direct or indirect | $0 |
| Did the organization file Form 1120-POL for this year? | No |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No |
| Total amount involved | $0 |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $139,314 |
| Subtotal | $139,314 |
| Gifts, grants, contributions, and membership fees received | $139,314 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $139,314 |
| Public support | $139,314 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Schwab Charitable Fund | 211 Main Street, San Francisco, CA 94105-1905 | CA | 1999-04 | $1,858,309,238 |
| 2 | Tides Foundation | PO BOX 29903, San Francisco, CA 94129-0903 | CA | 1977-01 | $166,255,777 |
| 3 | Vine Street Archive Foundation | 8949 Wilshire Blvd, Beverly Hills, CA 90211-1972 | CA | 2002-05 | $8,591,064 |
| 4 | Napa Valley Vintners Healthy Community Fund | PO BOX 141, Saint Helena, CA 94574-0141 | CA | 1997-07 | $3,218,075 |
| 5 | Travis Manion Foundation | 164 E State St, Doylestown, PA 18901-4313 | PA | 2008-05 | $2,509,255 |
| 6 | Social Venture Partners Rhodeisland | 460 Harris Ave Unit 303, Providence, RI 02909-1089 | RI | 2008-05 | $557,900 |
| 7 | The Center For Life Specific Design | PO BOX 3360, Park City, UT 84060-3360 | UT | 2006-03 | $315,315 |
| 8 | Velocity Entreprenurial Drive | 181 Blue Ravine Road No 120, Folsom, CA 95630 | CA | 2008-09 | $139,314 |
| 9 | Granada Hills Rotary Foundation | 17460 Candia Street, Granada Hills, CA 91344 | CA | 2008-05 | $105,367 |
| 10 | Fueled By The Fallen | 3224 Silverado Dr # 4, Los Angeles, CA 90039-2510 | CA | 2008-01 | $97,401 |
| 11 | Lev Foundation | PO BOX 3831, Beverly Hills, CA 90212-0831 | CA | 2009-06 | $39,112 |
| 12 | Courtneys Foundation | 1 Embarcadero Ctr Ste 1400, San Francisco, CA 94111-3703 | CA | 2000-02 | $21,483 |
| 13 | Bailey Baio Angel Foundation | 21781 Ventura Blvd, Woodland Hls, CA 91364-1835 | CA | 2009-03 | $11,028 |
| 14 | Operation American Spirit Inc | 11693 San Vicente Blvd262, Los Angeles, CA 90049-5105 | CA | 2008-05 | $10,000 |
| 15 | Justin Jolley Memorial Foundation | 119 Vista Del Prado, Los Gatos, CA 95030 | CA | 2008-05 | $4,800 |
| 16 | California Lulac Institute, California Leadership Institute | 3001 Kodiak Street Apt 129, Antioch, CA 94531 | CA | 2008-07 | $0 |
| 17 | Handog International Inc | 19628 Nancy Circle, Cerritos, CA 90703-7531 | CA | 2009-06 | $0 |
| 18 | Invalids And Widows Relief Association | 12842 Sungrove St, Garden Grove, CA 92840 | CA | 2009-08 | $0 |
| 19 | L4tc Give | 11755 Wilshire Blvd Fl 9, Los Angeles, CA 90025-1540 | CA | 2007-06 | $0 |
| 20 | Offroaders Outreach | 398 Kearney St, Chula Vista, CA 91910-5840 | CA | 2008-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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