Civic Intelligence

Vel Institute

EIN 46-5637855 • 501(c)3 • Spring, TX

Profile

Vel institute helps veterans, entrepreneurs, and leaders connect and develop through collaborative learning. Connect with like-minded people.develop leadership and entrepreneurship skills. Collaborate to learn from one another. We support veterans through one-to-one coaching and mentorship sessions.

330 Rayford Rd 759Spring, TX 77386

www.velinstitute.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

67th percentile

13%

Higher net margin than 67% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

63rd percentile

5.3%

Faster asset growth than 63% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

23rd percentile

-35%

Faster revenue growth than 23% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$13,925

Down $31,579 (-69%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$13,925

Down $31,579 (-69%) from 2023

Operations
Liabilities / Revenue61st percentileNet Margin67th percentile

Revenue

Down

$6,691

Down $48,615 (-88%) from 2023

Expenses

Down

$38,270

Down $30,203 (-44%) from 2023

Net Income

Down

-$31,579

Down $18,412 (-140%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth63rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0Assets 2018: $39,800Net Assets 2018: $39,8002018Assets 2019: $30,866Net Assets 2019: $30,8662019Assets 2020: $34,501Net Assets 2020: $34,5012020Assets 2021: $55,717Net Assets 2021: $55,7172021Assets 2022: $58,671Net Assets 2022: $58,6712022Assets 2023: $45,504Net Assets 2023: $45,5042023Assets 2024: $13,925Net Assets 2024: $13,9252024

Highlighted filing

2024

Assets$13,925
Liabilities-
Net Assets$13,925
Open 2024 Filing

Operations Trend

Revenue Growth23rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2018: $93,424Expenses 2018: $64,525Net Income 2018: $28,8992018Revenue 2019: $60,694Expenses 2019: $69,668Net Income 2019: -$8,9742019Revenue 2020: $23,919Expenses 2020: $20,284Net Income 2020: $3,6352020Revenue 2021: $35,444Expenses 2021: $14,229Net Income 2021: $21,2152021Revenue 2022: $22,952Expenses 2022: $19,998Net Income 2022: $2,9542022Revenue 2023: $55,306Expenses 2023: $68,473Net Income 2023: -$13,1672023Revenue 2024: $6,691Expenses 2024: $38,270Net Income 2024: -$31,5792024

Highlighted filing

2024

Revenue$6,691
Expenses$38,270
Net Income-$31,579
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,925
Liabilities
-
Net assets
$13,925
Revenue
$6,691
Expenses
$38,270
Net income
-$31,579
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.9$13.9$6.69$38.3$31.6
2023Detailed filing. Detailed filing data is available for this year.$45.5$45.5$55.3$68.5$13.2
2022Detailed filing. Detailed filing data is available for this year.$58.7$58.7$23.0$20.0$2.95
2021Detailed filing. Detailed filing data is available for this year.$55.7$55.7$35.4$14.2$21.2
2020Detailed filing. Detailed filing data is available for this year.$34.5$34.5$23.9$20.3$3.64
2019Detailed filing. Detailed filing data is available for this year.$30.9$30.9$60.7$69.7$8.97
2018Detailed filing. Detailed filing data is available for this year.$39.8$39.8$93.4$64.5$28.9
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 25, 2025
Return Version
2024v5.0
Gross Receipts
$6,691
Mission and Program Overview

Mission

VEL Institute helps Veterans, Entrepreneurs, and Leaders connect and develop through collaborative learning. Connect with like-minded people. Develop leadership and entrepreneurship skills. Collaborate to learn from one another. We support Veterans through one-to-one coaching and mentorship sessions.

Vel institute helps veterans, entrepreneurs, and leaders connect and develop through collaborative learning. Connect with like-minded people.develop leadership and entrepreneurship skills. Collaborate to learn from one another. We support veterans through one-to-one coaching and mentorship sessions.

Program Services

DescriptionGrantsExpenses
VEL INSTITUTE PROVIDED CLASSES TO VETERANS FOR PERSONAL GROWTH AND LEADERSHIP DEVELOPMENT.-$34,768
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CHARLES NEWNAMExecutive DiPT$0--
ELIZABETH PRITCHETTDirector-$0--
ROLLAND COLEMANDirector-$0--
ELIZABETH GREEVERDirector-$0--
SEAN BAKERDirector-$0--
SEAN BUCKLEYDirector-$0--
MIKE RAMIREZDirector-$0--
GARRETT HOWELLDirector-$0--
Filing and Contact Details

Filer

Filer Name
Vel Institute
EIN
46-5637855
Phone
6155194892
Address
330 RAYFORD RD 759, SPRING, TX 77386

Signing Officer

Name
Charles Newnam
Title
Executive Director
Phone
6155194892
Signed
2025-02-25
Discuss with paid preparer
Yes

Preparer

Firm
TROY O'CALLAGHAN CPA LLC
Address
2219 SAWDUST RD SUITE 104, SPRING, TX 77380-2576
Preparer
TROY O'CALLAGHAN
Phone
8328135725
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses advertising 8,250 office expenses 444 internet 689 insurance 753 bank charges 425 business services 348 computer hardware 317 entertainment 970 event planning 1,097 food & beverage 1,494 meals & entertainment 90 miscellaneous expenses 126 paypal fees 46 supplies 722 total 15,771”

Form 990-ez, Part III

“Vel institute helps veterans, entrepreneurs, and leaders connect and develop through collaborative learning. Connect with like-minded people.develop leadership and entrepreneurship skills. Collaborate to learn from one another. We support veterans through one-to-one coaching and mentorship sessions.”

Raw XML Appendix159 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 8,250 OFFICE EXPENSES 444 INTERNET 689 INSURANCE 753 BANK CHARGES 425 BUSINESS SERVICES 348 COMPUTER HARDWARE 317 ENTERTAINMENT 970 EVENT PLANNING 1,097 FOOD & BEVERAGE 1,494 MEALS & ENTERTAINMENT 90 MISCELLANEOUS EXPENSES 126 PAYPAL FEES 46 SUPPLIES 722 TOTAL 15,771
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VEL INSTITUTE HELPS VETERANS, ENTREPRENEURS, AND LEADERS CONNECT AND DEVELOP THROUGH COLLABORATIVE LEARNING. CONNECT WITH LIKE-MINDED PEOPLE.DEVELOP LEADERSHIP AND ENTREPRENEURSHIP SKILLS. COLLABORATE TO LEARN FROM ONE ANOTHER. WE SUPPORT VETERANS THROUGH ONE-TO-ONE COACHING AND MENTORSHIP SESSIONS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES NEWNAM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06155194892
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-25
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ReturnHeader/Filer/EIN0465637855
ReturnHeader/Filer/PhoneNum06155194892
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ReturnHeader/ReturnTs02025-02-26T10:21:36-05:00
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ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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