Team Noreast Velo Club
Team Noreast Velo Club is a private foundation focused on Recreation & Sports, based in Durham, NH. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $14K in total assets. In 2025, it awarded 2 grants totaling $8K.
Key facts about Team Noreast Velo Club
In short: Team Noreast Velo Club gave $8K across 2 grants in 2025 (avg $4K), mostly in New Hampshire. Source: 2025 IRS Form 990-PF.
- EIN
- 56-2581934
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $8,000
- Grants made (2025)
- 2
- Average grant
- $4,000
- Median grant
- $4,000
- Total assets
- $14,327
- Primary geography
- New Hampshire (63% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$14K
-36.3% YoY
Annual Giving
$8K
Grant Count
2
Avg Grant Size
$4K
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $500 (2020) to $8K (2025). In 2025 it made 2 grants totaling $8K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was BikeWalk Alliance of NH ($5K). Together the top 2 received $8K.
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 3 grants of 3 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| BikeWalk Alliance of NH Concord, NH | Charitable donation | $5,000 |
| Portsmouth High School Cycling Kittery, ME | Charitable donation in the memory of Charlie Bourdages | $3,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $14,327 | $22,506 | $22,652 |
| Revenue | $18 | $24 | $27 |
| Expenses | $8,197 | $170 | $342 |
| Qualifying Distributions | $8,000 | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 17, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 31, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 3, 2023)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 29, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 11, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 26, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 14, 2026)
- IRS filings on file for fiscal years 2019–2025
Leadership & Key People
Officers and directors from IRS filings
Team Noreast Velo Club is led by Joseph Reagan, President on every filing since 2021; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Joseph Reagan
President
On filings since 2021
1 hr/week
No compensation reported
Timothy Young
Director
Treasurer → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
Thomas Luther
Treasurer
On filings since 2021
3 hrs/week
No compensation reported
Former officers (2)
- Former: Joe Reagan (2019–2020) — Director
- Former: Tom Luther (2019–2020) — President
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Team Noreast Velo Club
How much does Team Noreast Velo Club give each year?
Team Noreast Velo Club gave $8K across 2 grants in 2025, according to its 2025 IRS Form 990-PF.
How large is Team Noreast Velo Club?
Team Noreast Velo Club reported $14K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $18.
What is Team Noreast Velo Club?
Team Noreast Velo Club is a private foundation focused on Recreation & Sports, based in Durham, NH. It holds $14K in total assets as of 2025.
Where does Team Noreast Velo Club operate?
Team Noreast Velo Club has awarded grants in Maine, New Hampshire.
What is Team Noreast Velo Club's EIN?
Team Noreast Velo Club's EIN (Employer Identification Number) is 56-2581934. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Team Noreast Velo Club by hand.
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