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VELOCITY Aquatics

Company Details

Name: VELOCITY Aquatics
Jurisdiction: Minnesota
Legal type: Nonprofit Corporation (Domestic)
Status: Active / In Good Standing
Date formed: 12 Aug 2014 (11 years ago)
Company Number: 631133ff-4e22-e411-ac2f-001ec94ffe7f
File Number: 773925100023
Registered Office Address: 742 Country Lane, Delano, MN 55328, USA
ZIP code: 55328
County: Wright County
Place of Formation: Minnesota

Agent

Name Role
David P Kenison Agent

President

Name Role Address
Kristina Grossinger President 100 RIVER ST N, PO BOX 126, DELANO, MN 55328–0126, United States

Filing

Filing Name Filing date
Annual Reinstatement - Nonprofit Corporation (Domestic) 2022-02-23
Involuntary Dissolution - Nonprofit Corporation (Domestic) 2022-01-25
Registered Office - Nonprofit Corporation (Domestic) 2017-10-04
Amendment - Nonprofit Corporation (Domestic) (Business Name: VELOCITY Aquatics)Restated Articles 2016-04-14
Original Filing - Nonprofit Corporation (Domestic) (Business Name: Velocity Aquatics ) 2014-08-12

Tax Exempt

EIN Type of Organization Exempt Organization Status Address Ruling Date
47-1567537 Corporation Unconditional Exemption 742 COUNTRY LN, DELANO, MN, 55328-8840 2016-12
In Care of Name % DAVID KENISON
Group Exemption Number 0000
Subsection Charitable Organization, Educational Organization, Literary Organization, Organization to Prevent Cruelty to Animals, Organization to Prevent Cruelty to Children, Organization for Public Safety Testing, Religious Organization, Scientific Organization
Affiliation Independent - This code is used if the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Classification Government Instrumentality, Title-Holding Corporation, Charitable Organization, Agricultural Organization, Board of Trade, Pleasure, Recreational, or Social Club, Fraternal Beneficiary Society, Order or Association, Voluntary Employees' Beneficiary Association (Non-Govt. Emps.), Domestic Fraternal Societies and Associations, Teachers Retirement Fund Assoc., Benevolent Life Insurance Assoc., Burial Association, Credit Union, Mutual Insurance Company or Assoc. Other Than Life or Marine, Corp. Financing Crop Operations, Supplemental Unemployment Compensation Trust or Plan, Employee Funded Pension Trust (Created Before 6/25/59), Post or Organization of War Veterans, Legal Service Organization, Black Lung Trust, Multiemployer Pension Plan, Veterans Assoc. Formed Prior to 1880, Trust Described in Sect. 4049 of ERISA, Title Holding Co. for Pensions, etc., State-Sponsored High Risk Health Insurance Organizations, State-Sponsored Workers' Compensation Reinsurance, ACA 1322 Qualified Nonprofit Health Insurance Issuers, Apostolic and Religious Org. (501(d)), Cooperative Hospital Service Organization (501(e)), Cooperative Service Organization of Operating Educational Organization (501(f)), Child Care Organization (501(k)), Charitable Risk Pool, Qualified State-Sponsored Tuition Program, 4947(a)(1) - Private Foundation (Form 990PF Filer)
Deductibility Contributions are deductible.
Foundation Organization that normally receives no more than one-third of its support from gross investment income and unrelated business income and at the same time more than one-third of its support from contributions, fees, and gross receipts related to exempt purposes 509(a)(2)
Tax Period 2024-08
Asset 100,000 to 499,999
Income 100,000 to 499,999
Filing Requirement 990 (all other) or 990EZ return
PF Filing Requirement No 990-PF return
Accounting Period Aug
Asset Amount 101084
Income Amount 277153
Form 990 Revenue Amount 267282
National Taxonomy of Exempt Entities M99 Public Safety, Disaster Preparedness & Relief N.E.C Recreation & Sports: Swimming & Other Water Recreation
Sort Name -

Publication 78 Data

Description Organizations eligible to receive tax-deductible charitable contributions. Users may rely on this list in determining deductibility of their contributions.
On Publication 78 Data List Yes
Deductibility Type of organization and use of contribution: A public charity. Deductibility Limitation: 50% (60% for cash contributions)

Determination Letter

Final Letter(s) FinalLetter_47-1567537_VELOCITYAQUATICS_10182016.tif

Form 990-N (e-Postcard)

Organization Name VELOCITY AQUATICS
EIN 47-1567537
Tax Year 2014
Beginning of tax period 2014-01-01
End of tax period 2014-12-31
Gross receipts not greater than $50000 Yes
Organization has terminated No
Mailing Address 742 Country Lane, Delano, MN, 55328, US
Principal Officer's Name David Kenison
Principal Officer's Address 742 Country Lane, Delano, MN, 55328, US
Website URL www.velocityaquatics.com

Copies of Returns (990, 990-EZ, 990-PF, 990-T)

Organization Name VELOCITY AQUATICS
EIN 47-1567537
Tax Period 202308
Filing Type E
Return Type 990
File View File
Organization Name VELOCITY AQUATICS
EIN 47-1567537
Tax Period 202208
Filing Type E
Return Type 990
File View File
Organization Name VELOCITY AQUATICS
EIN 47-1567537
Tax Period 202108
Filing Type E
Return Type 990
File View File
Organization Name VELOCITY AQUATICS
EIN 47-1567537
Tax Period 202008
Filing Type P
Return Type 990EZ
File View File
Organization Name VELOCITY AQUATICS
EIN 47-1567537
Tax Period 201908
Filing Type P
Return Type 990EZ
File View File
Organization Name VELOCITY AQUATICS
EIN 47-1567537
Tax Period 201808
Filing Type P
Return Type 990EZ
File View File
Organization Name VELOCITY AQUATICS
EIN 47-1567537
Tax Period 201712
Filing Type P
Return Type 990EZ
File View File

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
8591097007 2020-04-08 0508 PPP 742 COUNTRY LN, DELANO, MN, 55328-8840
Loan Status Date 2020-12-16
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 23900
Loan Approval Amount (current) 23900
Undisbursed Amount 0
Franchise Name -
Lender Location ID 66414
Servicing Lender Name CorTrust Bank National Association
Servicing Lender Address 100 E Havens Ave, MITCHELL, SD, 57301-4026
Rural or Urban Indicator R
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address DELANO, WRIGHT, MN, 55328-8840
Project Congressional District MN-06
Number of Employees 12
NAICS code 611620
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Non-Profit Organization
Originating Lender ID 66414
Originating Lender Name CorTrust Bank National Association
Originating Lender Address MITCHELL, SD
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 24030.3
Forgiveness Paid Date 2020-11-02
5714018303 2021-01-25 0508 PPS 742 Country Ln, Delano, MN, 55328-8840
Loan Status Date 2021-07-15
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 23900
Loan Approval Amount (current) 23900
Undisbursed Amount 0
Franchise Name -
Lender Location ID 66414
Servicing Lender Name CorTrust Bank National Association
Servicing Lender Address 100 E Havens Ave, MITCHELL, SD, 57301-4026
Rural or Urban Indicator R
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address Delano, WRIGHT, MN, 55328-8840
Project Congressional District MN-06
Number of Employees 3
NAICS code 611620
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Non-Profit Organization
Originating Lender ID 66414
Originating Lender Name CorTrust Bank National Association
Originating Lender Address MITCHELL, SD
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 23989.71
Forgiveness Paid Date 2021-06-15

Date of last update: 03 Feb 2025

Sources: Minnesota's Official State Website