Civic Intelligence

Vel Institute

990EZ • Fiscal year 2020 • EIN 46-5637855

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 24, 2021

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 2020

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2020

Net Margin

64th percentile

15%

Higher net margin than 64% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

60th percentile

12%

Faster asset growth than 60% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

17th percentile

-61%

Faster revenue growth than 17% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$34,501

Up $3,635 (+12%) from 2019

Net Assets

Up

$34,501

Up $3,635 (+12%) from 2019

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin64th percentile

Revenue

Down

$23,919

Down $36,775 (-61%) from 2019

Expenses

Down

$20,284

Down $49,384 (-71%) from 2019

Net Income

Up

$3,635

Up $12,609 (+141%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth60th 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

2020

Assets$34,501
Liabilities-
Net Assets$34,501
Open 2020 Filing

Operations Trend

Revenue Growth17th 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

2020

Revenue$23,919
Expenses$20,284
Net Income$3,635
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 24, 2021
Return Version
2020v4.0
Gross Receipts
$33,624
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.-$4,614
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CHARLES NEWNAMExecutive DiPT$0--
WILL HOLDERDirector-$0--
STEVEN SCHULTZDirector-$0--
ROLLAND COLEMANDirector-$0--
BOB MILNERDirector-$0--
ELIZABETH GREEVERDirector-$0--
SEAN BAKERDirector-$0--
SEAN BUCKLEYDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Legacy Awards$19,534$19,534$5,671$13,863
Total Events$19,534$19,534$9,705$9,829
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
2021-06-24
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 8,999 office expenses 216 internet 711 total 9,926”

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 Appendix172 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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CompensationExplanation/CompensationExplanationGrp/PersonNm3ROLLAND COLEMAN
CompensationExplanation/CompensationExplanationGrp/PersonNm4BOB MILNER
CompensationExplanation/CompensationExplanationGrp/PersonNm5ELIZABETH GREEVER
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CompensationExplanation/CompensationExplanationGrp/PersonNm7SEAN BUCKLEY
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CHARLES NEWNAM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1WILL HOLDER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2STEVEN SCHULTZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ROLLAND COLEMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4BOB MILNER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5ELIZABETH GREEVER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6SEAN BAKER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7SEAN BUCKLEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0EXECUTIVE DI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
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IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt09926
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/ProgramServiceRevenueAmt0410
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt04614
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SalariesOtherCompEmplBnftAmt04037
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
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IRS990EZ/SpecialEventsNetIncomeLossAmt09829
IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/TotalExpensesAmt020284
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IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0HTTP://WWW.VELINSTITUTE.ORG/
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt013680
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt065851
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt093424
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0172955
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt019944
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt033624
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IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0200
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0LEGACY AWARDS
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt03334
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 8,999 OFFICE EXPENSES 216 INTERNET 711 TOTAL 9,926
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/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES NEWNAM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06155194892
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VEL INSTITUTE
ReturnHeader/Filer/BusinessNameControlTxt0VELI
ReturnHeader/Filer/EIN0465637855
ReturnHeader/Filer/PhoneNum06155194892
ReturnHeader/Filer/USAddress/AddressLine1Txt0330 RAYFORD RD 759
ReturnHeader/Filer/USAddress/CityNm0SPRING
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077386
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0813628324
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TROY O'CALLAGHAN CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02219 SAWDUST RD SUITE 104
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SPRING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0773802576
ReturnHeader/PreparerPersonGrp/PhoneNum08328135725
ReturnHeader/PreparerPersonGrp/PreparationDt02021-06-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TROY O'CALLAGHAN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-06-25T06:19:29-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHARLES
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0NEWNAM
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,501
Liabilities
-
Net assets
$34,501
Revenue
$23,919
Expenses
$20,284
Net income
$3,635
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