Civic Intelligence

Vel Institute

990EZ • Fiscal year 2018 • EIN 46-5637855

Jan 01, 2018 to Dec 31, 2018 • Filed on Mar 21, 2019

Organization Profilewww.velinstitute.org
330 Rayford RdSpring, TX 77386

(949) 212-7923

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2018

Net Margin

84th percentile

31%

Higher net margin than 84% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

91st percentile

$45,000

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 48.2% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

$39,800

No earlier filing loaded for comparison.

Net Assets

$39,800

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin84th percentile

Revenue

$93,424

No earlier filing loaded for comparison.

Expenses

$64,525

No earlier filing loaded for comparison.

Net Income

$28,899

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2018

Assets$39,800
Liabilities-
Net Assets$39,800
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$93,424
Expenses$64,525
Net Income$28,899
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Mar 21, 2019
Return Version
2018v3.1
Gross Receipts
$105,642
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.$61,394-
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Terrence WeaverExecutive DirectorFT$45,000-$45,000
Charles NewnamDirector-$0--
Will HolderDirector-$0--
Josh CherryDirector-$0--
John WadellaDirector-$0--
Bob MilnerDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Legacy Awards$32,085$32,085$2,981$29,104
Keynotes$7,254$7,254$875$6,379
Total Events$39,339$39,339$12,218$27,121
Filing and Contact Details

Filer

Filer Name
VEL Institute
EIN
46-5637855
Phone
9492127923
Address
330 Rayford Rd, Spring, TX 77386

Signing Officer

Name
Terrence Weaver
Title
Executive Director
Signed
2019-03-21
Discuss with paid preparer
Yes

Preparer

Firm
Troy Ocallaghan CPA LLC
Address
2219 Sawdust Rd Suite 104, Spring, TX 77380
Preparer
Troy O'Callaghan
Phone
8328135725
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $1110”

Other Expenses.1002

“Office Expenses $6091”

Other Expenses.1012

“Insurance $373”

Other Expenses.1

“Meals & Entertainment $2212”

Other Expenses.2

“M&E - Board/Ambassador $403”

Other Expenses.3

“Supplies $269”

Other Expenses.4

“M&E - Veteran Support $237”

Other Expenses.5

“Ambassadors $172”

Other Expenses.6

“Other Business Expenses $123”

Other Expenses.7

“Ambassadors -S&BE $7”

Other Assets.1

“Undeposited Funds - Beginning $0 Undeposited Funds - Ending $850”

Raw XML Appendix181 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Will Holder
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
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IRS990EZ/OtherAssetsTotalDetail/EOYAmt0850
IRS990EZ/OtherExpensesTotalAmt010997
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IRS990EZ/ProgramServiceRevenueAmt06648
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt061394
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $1110
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $6091
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Insurance $373
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Meals & Entertainment $2212
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4M&E - Board/Ambassador $403
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Supplies $269
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6M&E - Veteran Support $237
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Ambassadors $172
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Assets.1
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Terrence Weaver
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-03-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VEL Institute
ReturnHeader/Filer/BusinessNameControlTxt0VELI
ReturnHeader/Filer/EIN0465637855
ReturnHeader/Filer/PhoneNum09492127923
ReturnHeader/Filer/USAddress/AddressLine1Txt0330 Rayford Rd
ReturnHeader/Filer/USAddress/CityNm0Spring
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077386
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0813628324
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TROY OCALLAGHAN CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02219 Sawdust Rd Suite 104
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Spring
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077380
ReturnHeader/PreparerPersonGrp/PhoneNum08328135725
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Troy O'Callaghan
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-03-21T17:46:11-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$39,800
Liabilities
-
Net assets
$39,800
Revenue
$93,424
Expenses
$64,525
Net income
$28,899
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