Civic Intelligence

Vel Institute

990EZ • Fiscal year 2019 • EIN 46-5637855

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 06, 2020

Organization ProfileWWW.VELINSTITUTE.ORG
330 Rayford Rd 759Spring, TX 77386

(615) 519-4892

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 2019

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2019

Net Margin

19th percentile

-15%

Higher net margin than 19% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

91st percentile

$45,000

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 74.1% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

19th percentile

-22%

Faster asset growth than 19% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

15th percentile

-35%

Faster revenue growth than 15% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$30,866

Down $8,934 (-22%) from 2018

Net Assets

Down

$30,866

Down $8,934 (-22%) from 2018

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin19th percentile

Revenue

Down

$60,694

Down $32,730 (-35%) from 2018

Expenses

Up

$69,668

Up $5,143 (+8.0%) from 2018

Net Income

Down

-$8,974

Down $37,873 (-131%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

2019

Assets$30,866
Liabilities-
Net Assets$30,866
Open 2019 Filing

Operations Trend

Revenue Growth15th percentile

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

2019

Revenue$60,694
Expenses$69,668
Net Income-$8,974
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 6, 2020
Return Version
2019v5.0
Gross Receipts
$93,978
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.

Program Services

DescriptionGrantsExpenses
VEL INSTITUTE PROVIDED CLASSES TO VETERANS FOR PERSONAL GROWTH AND LEADERSHIP DEVELOPMENT.-$51,153
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
TERRENCE WEAVERExecutive DiFT$45,000-$45,000
CHARLES NEWNAMDirector-$0--
WILL HOLDERDirector-$0--
JOSH CHERRYDirector-$0--
JOHN WADELLADirector-$0--
BOB MILNERDirector-$0--
ELIZABETH GREEVERDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Keynotes$18,910$18,910$4,973$13,937
Legacy Awards$6,851$6,851$2,789$4,062
Total Events$25,761$25,761$33,284$-7,523
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
Director
Phone
6155194892
Signed
2020-07-06
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 583 office expenses 690 other business expenses 688 computer hardware/software 4,304 internet 812 insurance 339 total 7,416”

Form 990-ez, Part I, Line 20

“PRIOR YEAR ERROR 40”

Form 990-ez, Part II, Line 24

“Undeposited funds 850 0 total 850 0”

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 Appendix173 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/TitleTxt0EXECUTIVE DI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
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IRS990EZ/OtherExpensesTotalAmt07416
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt065851
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt093424
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0KEYNOTES
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0LEGACY AWARDS
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt0714
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 583 OFFICE EXPENSES 690 OTHER BUSINESS EXPENSES 688 COMPUTER HARDWARE/SOFTWARE 4,304 INTERNET 812 INSURANCE 339 TOTAL 7,416
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRIOR YEAR ERROR 40
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UNDEPOSITED FUNDS 850 0 TOTAL 850 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3VEL 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.
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ReturnHeader/BuildTS02020-11-19 02:30:22Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06155194892
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-06
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ReturnHeader/Filer/BusinessNameControlTxt0VELI
ReturnHeader/Filer/EIN0465637855
ReturnHeader/Filer/PhoneNum06155194892
ReturnHeader/Filer/USAddress/AddressLine1Txt0330 RAYFORD RD 759
ReturnHeader/Filer/USAddress/CityNm0SPRING
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
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ReturnHeader/FilingSecurityInformation/IPTm016:06:29
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0813628324
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TROY O'CALLAGHAN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-07-06T16:06:29-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$30,866
Liabilities
-
Net assets
$30,866
Revenue
$60,694
Expenses
$69,668
Net income
-$8,974
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