VELOCITY FOUNDATION
NEW ORLEANS,
Louisiana,
70128
EIN: 72-1128347
Philanthropy, Voluntarism and Grantmaking Foundations
DEMOGRAPHIC
ADDRESS
11229 WINROCK DR
70128
COUNTY
orleans county, LA
ORGANIZATIONAL OVERVIEW & RANKINGS
VELOCITY FOUNDATION is a based in NEW ORLEANS, LA, focused on Philanthropy, Voluntarism and Grantmaking Foundations causes , specifically Private Operating Foundations. Established in November 2014, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $111,446.00, this ranks 481,469 among 2,656,690 nonprofits nationally (Top 19%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 5,113 out of 33,837 organizations in LA (Top 16%).
In orleans county, LA, the organization ranks 1,104 out of 4,883 nonprofits by assets (Top 23%), while locally in new orleans, it stands at 1,145 among 5,022 organizations (Top 23%).
The organization reported annual revenue of $148,195.00, ranking 332,467 nationally (Top 13%) and 3,828 in LA (Top 12%).
Within its specific NTEE classification (T23 - T: Philanthropy, Voluntarism and Grantmaking Foundations), which includes 2,678 similar organizations, VELOCITY FOUNDATION ranks 1,111 in assets (Top 42%) and 47 in revenue (Top 2%).
Note: This organization's tax-exempt status was temporarily revoked on November 15, 2010 and was reinstated on November 15, 2010 .
The organization files a 990 - Not required to file(all other) and operates on a May fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
Gifts grants or loans to other organizations
NTEE COMMON CODE
T: Philanthropy, Voluntarism and Grantmaking Foundations
NTEE CODE
T23: Private Operating Foundations
FOUNDATION CODE
N/A
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Revoked: Monday, November 15, 2010;
Reinstated: Monday, November 15, 2010
TAX PERIOD
06/2015
ACCOUNTING PERIOD
06
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$148,195.00
FORM 990 REVENUE AMOUNT
$148,195.00
RULING DATE
11/2014
ASSET CODE
4: $100,000 to $499,999
ASSET AMOUNT
$111,446.00
FILING REQUIREMENT CODE
990 - Not required to file(all other)
PF FILING REQUIREMENT CODE
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.
Recently Saved Organizations
Click on the save icon from a search results or organization page.
