Nonprofit · EIN 82-5116334
VELOSPORT CYCLING INC
Tax-exempt · SIMI VALLEY, CA 93065
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $27,392 | $30,779 | -$3,387 | $0 | $989 | -$989 |
| December 31, 2023 | 990 | $32,220 | $24,850 | $7,370 | $2,398 | $0 | $2,398 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $27,392
- Membership dues
- $4,614
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $15,912
- Salaries, compensation and benefits (total)
- $15,912
- Professional fundraising fees
- $0
- Travel
- $8,139
- Program services (functional)
- $30,779
Balance sheet and other
- Total assets, start of year
- $2,398
- Total assets, end of year
- $0
- Total liabilities, end of year
- $989
- Net assets, end of year
- -$989
- Net assets without donor restrictions
- -$989
- Gross receipts
- $27,392
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2018
- State of legal domicile
- CA
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jeffrey Shein | President & CEO Officer | 10 | $0 |
| Pat Shein | Secretary Officer | 5 | $0 |
| Drew Kogon | Vice President Officer | 5 | $0 |
| Vivien Rindisbacher | Director Officer | 5 | $0 |
| Francesco Martucci | Director Officer | 5 | $0 |
| Terry Leong | Trustee Officer | 5 | $0 |
| Eric Nghiem | Trustee Officer | 5 | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFFERY SHEIN | President & CEO Officer | 40 | $0 |
| KIM CRUSER-SCOTT | Secretary Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 2777 BROADMOOR AVE, SIMI VALLEY, CA 93065-1407
- In care of
- % JEFF SHEIN
- Principal officer (990 for 2024)
- Jeffrey Shein, 2777 Broadmoor Ave, Simi Valley, CA 93065
- Signed the 990
- Jeffrey Shein, President & CEO
- Website
- https://jrcycling.com/
- Return prepared by
- Dynamic Tax
California records
California keeps its own records of charities and corporations. Search them by EIN 82-5116334 or by the name VELOSPORT CYCLING INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
To provide cycling recreational and racing opportunities for children
Program accomplishments
- Providing cycling opportunities for 20+ juniors from the ages of 8-18; providing international race access, pro-level training, and support for 13 elite athletes leading to national championships and Olympic development programsExpenses $30,779
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-5116334
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Recreation and sports (N60)
- Income (IRS master file)
- $27,392
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $27,392 | $30,779 | $0 | XML |
| 990 | December 2023 | $32,220 | $24,850 | $2,398 | XML |
| 990 | December 2022 | $22,365 | $26,925 | $0 | IRS |
| 990 | December 2021 | $25,321 | $25,733 | $0 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 82-5116334).
Questions about VELOSPORT CYCLING INC
- What is the EIN of VELOSPORT CYCLING INC?
- The employer identification number (EIN) of VELOSPORT CYCLING INC is 82-5116334.
- Is VELOSPORT CYCLING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to VELOSPORT CYCLING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VELOSPORT CYCLING INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of VELOSPORT CYCLING INC 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 VELOSPORT CYCLING INC 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 VELOSPORT CYCLING INC?
- The 990 for the year ended December 31, 2024 names Jeffrey Shein.
- Who are the officers and directors of VELOSPORT CYCLING INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does VELOSPORT CYCLING INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $27,392, expenses of $30,779 and total assets of $0 at year end.
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All nonprofits in SIMI VALLEY · California · Recreation and sports