Nonprofit · EIN 84-2596283
VELOCITY NETWORK FOUNDATION
Also known as ROY VINNIK
Tax-exempt · DENVER, CO 80237
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $524,176 | $1,497,260 | -$973,084 | $203,092 | $2,929,776 | -$2,726,684 |
| December 31, 2023 | 990-EZ | -$575,508 | $53,886 | -$629,394 | $273,713 | $2,027,313 | -$1,753,600 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $297,607
- Membership dues
- $297,607
- Program service revenue
- $226,569
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $18,000
- Salaries, compensation and benefits (total)
- $18,000
- Professional fundraising fees
- $0
- Legal fees
- $1,315
- Accounting fees
- $8,618
- Program services (functional)
- $1,246,921
- Management and general (functional)
- $250,339
Balance sheet and other
- Total assets, start of year
- $273,713
- Total assets, end of year
- $203,092
- Total liabilities, end of year
- $2,929,776
- Net assets, end of year
- -$2,726,684
- Gross receipts
- $524,176
- Employees
- 0
- Volunteers
- 21
- Year formed
- 2019
- State of legal domicile
- DE
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 |
|---|---|---|---|
| OLIVIA MELONAS | SECRETARY/TREASURER Trustee or director, Officer | 8 | $18,000 |
| JIM OWENS | PRESIDENT Trustee or director, Officer | 5 | $0 |
| DROR GUREVICH | CEO AND DIRECTOR Trustee or director, Officer | 35 | $0 |
| ETAN BERNSTEIN | HEAD OF ECOSYSTEM Trustee or director, Officer | 35 | $0 |
| JEAN-MARC LAOUCHEZ | DIRECTOR Trustee or director | 2 | $0 |
| GLEN CATHEY | DIRECTOR Trustee or director | 2 | $0 |
| ZACH DAIGLE | DIRECTOR Trustee or director | 2 | $0 |
| MICHELLE AINSWORTH | DIRECTOR Trustee or director | 2 | $0 |
| SIDDHARTHA BHATTACHARYA | DIRECTOR Trustee or director | 2 | $0 |
| DEB EVERHART | DIRECTOR Trustee or director | 2 | $0 |
| CHRIS GOODSON | DIRECTOR Trustee or director | 2 | $0 |
| BILL HUGHES | DIRECTOR Trustee or director | 2 | $0 |
| MARC JANSEN | DIRECTOR Trustee or director | 2 | $0 |
| MANOJ KUTTY | DIRECTOR Trustee or director | 2 | $0 |
| ROBERT MCGOUGH | DIRECTOR Trustee or director | 2 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GIANNA PFFIFFNER | DIRECTOR Trustee or director | 2 | $0 |
| MARTY REED | DIRECTOR Trustee or director | 2 | $0 |
| MEAGAN TREADWAY | DIRECTOR Trustee or director | 2 | $0 |
| HENRY MACK | DIRECTOR Trustee or director | 2 | $0 |
| SANJOE JOSE | DIRECTOR Trustee or director | 2 | $0 |
| JOUKO VAN AGGELEN | DIRECTOR Trustee or director | 2 | $0 |
| HERMINE WONG | DIRECTOR Trustee or director | 2 | $0 |
| ANDRES OLAVE | HEAD OF PRODUCT AND TECH Officer | 40 | $0 |
990-EZ for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| OLIVIA MELONAS | SECRETARY/TREASURER | 8 | $10,500 |
| JIM OWENS | PRESIDENT | 5 | $0 |
| MICHELLE AINSWORTH | DIRECTOR | 2 | $0 |
| CECILE ALPER-LEROUX | DIRECTOR | 2 | $0 |
| GLEN CATHEY | DIRECTOR | 2 | $0 |
| SCOTT CHENEY | DIRECTOR | 2 | $0 |
| ALEX CHUDNOVSKY | DIRECTOR | 2 | $0 |
| ZACH DAIGLE | DIRECTOR | 2 | $0 |
| MONTRA ELLIS | DIRECTOR | 2 | $0 |
| DROR GUREVICH | DIRECTOR | 35 | $0 |
| LARRY HATCH | DIRECTOR | 2 | $0 |
| MANOJ KUTTY | DIRECTOR | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 4610 S ULSTER ST STE 150, DENVER, CO 80237-4326
- In care of
- % DROR GUREVICH
- Principal officer (990 for 2024)
- DROR GUREVICH, 4610 S ULSTER ST SUITE 150, DENVER, CO 80237
- Signed the 990
- DROR GUREVICH, DIRECTOR
- Phone
- (619) 757-6719
- Return prepared by
- CONSIDINE & CONSIDINE
Mission
THE ORGANIZATION'S PRIMARY PURPOSE IS TO ADVANCE THE HUMAN RESOURCES INDUSTRY BY USING TECHNOLOGY AND SHARED DATA PROTOCOLS TO IMPROVE CREDENTIAL VERIFICATION AND WORKFORCE CONDITIONS.
Program accomplishments
- STATE OF ARKANSAS - WORKFORCE INTEGRATED DATA SYSTEM-VELOCITY NETWORK DIGITAL CREDENTIALS SUPPORT SERVICES.Expenses $240,000 · revenue $198,900
- NETWORK GOVERNANCE - FACILITATE VELOCITY NETWORK GOVERNANCE FORUMS INCLUDING COMMITTEES, WORKGROUPS, BOARD OF DIRECTORS. MANAGE ANNUAL ELECTION PROCESS.Expenses $216,000
- MAINTAIN VELOCITY NETWORK INFRASTRUCTURE - MAINTAIN OPEN SOURCE SOFTWARE, NODES OF THE NETWORK TECHNICAL DOCUMENTATION, SUPPORTING SOFTWARE ELEMENTS (WALLETS, CORE BANKING SYSTEM).Expenses $763,951
- SUPPORT SERVICES TO ENABLE VELOCITY'S USERS TO OPERATE AND IMPLEMENT THE TECHNOLOGY EFFECTIVELY.Expenses $26,970 · revenue $27,669
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 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-EZ on file |
IRS record
- EIN
- 84-2596283
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $203,092
- Income (IRS master file)
- $524,176
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $524,176 | $1,497,260 | $203,092 | XML |
| 990-EZ | December 2023 | -$575,508 | $53,886 | $273,713 | XML |
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 84-2596283).
Questions about VELOCITY NETWORK FOUNDATION
- What is the EIN of VELOCITY NETWORK FOUNDATION?
- The employer identification number (EIN) of VELOCITY NETWORK FOUNDATION is 84-2596283.
- Is VELOCITY NETWORK FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2024.
- Which annual return does VELOCITY NETWORK FOUNDATION 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 VELOCITY NETWORK FOUNDATION 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 VELOCITY NETWORK FOUNDATION 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 VELOCITY NETWORK FOUNDATION?
- The 990 for the year ended December 31, 2024 names DROR GUREVICH.
- Who are the officers and directors of VELOCITY NETWORK FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 23 people; 1 received compensation from the organization, the highest $18,000 (OLIVIA MELONAS, SECRETARY/TREASURER).
- How much revenue does VELOCITY NETWORK FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $524,176, expenses of $1,497,260 and total assets of $203,092 at year end.
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