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MISSION

Velocity 7 develops innovative fund campaigns that support the research, development, demonstration and commercialization of advanced energy, transportation, manufacturing and water technologies.

 FORM 1023-EZ for VELOCITY 7

VELOCITY7.ORG

DEMOGRAPHIC

ADDRESS
PO BOX 3159
95945
COUNTY
nevada county, CA
IN CARE OF NAME
SHAWN GARVEY

ORGANIZATIONAL OVERVIEW & RANKINGS

VELOCITY 7 is a based in GRASS VALLEY, CA, focused on Public, Society Benefit - Multipurpose and Other causes , specifically Management & Technical Assistance. Established in December 2018, it operates as an independent corporation and contributions to this organization are tax-deductible .

With total assets of $35,073.00, this ranks 609,428 among 2,656,690 nonprofits nationally (Top 23%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 64,256 out of 275,729 organizations in CA (Top 24%).

In nevada county, CA, the organization ranks 313 out of 1,190 nonprofits by assets (Top 27%), while locally in grass valley, it stands at 116 among 481 organizations (Top 24%).

The organization reported annual revenue of $69.00, ranking 636,953 nationally (Top 24%) and 72,150 in CA (Top 27%).

Within its specific NTEE classification (W02 - W: Public, Society Benefit - Multipurpose and Other), which includes 301 similar organizations, VELOCITY 7 ranks 53 in assets (Top 18%) and 65 in revenue (Top 22%).

The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year. Additional information can be found at VELOCITY7.ORG.

CLASSIFICATION

ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
W: Public, Society Benefit - Multipurpose and Other
NTEE CODE
W02: Management & Technical Assistance
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A

FINANCIALS

TAX PERIOD
12/2023
ACCOUNTING PERIOD
12
INCOME CODE
1: $1 to $9,999
INCOME AMOUNT
$69.00
FORM 990 REVENUE AMOUNT
$69.00
RULING DATE
12/2018
ASSET CODE
3: $25,000 to $99,999
ASSET AMOUNT
$35,073.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return

Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.

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