Velodrome Fund Inc.

The Velodrome Fund Inc. is a U.S. nonprofit organization designated as a 501(c)(3) entity, primarily focused on promoting cycling and managing the Valley Preferred Cycling Center, a premier facility in the Lehigh Valley, Pennsylvania. The organization operates to support bicycle racing and other fitness activities at the velodrome.

Mission and Objectives

The mission of the Velodrome Fund Inc. involves enhancing the accessibility of cycling for individuals across all economic levels. It aims to foster a sense of community and well-being by hosting safe riding programs and events. The organization also seeks to advocate for the development of safer places to ride, promoting physical health and wellness through cycling. Additionally, it aims to instill valuable life skills such as character, discipline, and responsibility among participants.

Operations and Governance

The Valley Preferred Cycling Center, which is owned by Lehigh County, is leased to and managed by the Velodrome Fund Inc. The organization is governed by a board of directors, although specific details about its members are not widely documented in public sources.

Financial Overview

The Velodrome Fund Inc. generates revenue primarily through contributions and program services. Contributions account for a significant portion of its revenue, with program services being another major source. The organization also receives investment income. Its expenses include salaries and wages for staff, along with other operational costs.

Impact and Programs

The Valley Preferred Cycling Center, under the management of the Velodrome Fund Inc., hosts notable cycling events such as "Friday Nights Under the Lights," which is a successful series of professional racing in the U.S. The center provides weekly races for athletes of various skill levels and serves as a hub for cycling activities in the Lehigh Valley. It has contributed to the achievement of national, world, and Olympic medals by participants.

Legal Status and Recognition

The Velodrome Fund Inc. is recognized as a non-profit organization by both federal and state authorities, with its tax-deductible donations supporting its mission to promote cycling and manage related facilities.