Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on this filing.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
90th percentile
Higher net margin than 90% of similar nonprofits.
Top Officer Pay
77th percentile
Higher top officer pay than 77% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
83rd percentile
Faster asset growth than 83% of similar nonprofits.
Revenue Growth
75th percentile
Faster revenue growth than 75% of similar nonprofits.
Balance Sheet
Assets
Up$55,717
Up $21,216 (+61%) from 2020
Net Assets
Up$55,717
Up $21,216 (+61%) from 2020
Liabilities
-
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Up$35,444
Up $11,525 (+48%) from 2020
Expenses
Down$14,229
Down $6,055 (-30%) from 2020
Net Income
Up$21,215
Up $17,580 (+484%) from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- Nov 15, 2022
- Return Version
- 2021v4.0
- Gross Receipts
- $43,698
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
| Description | Grants | Expenses |
|---|---|---|
| VEL INSTITUTE PROVIDED CLASSES TO VETERANS FOR PERSONAL GROWTH AND LEADERSHIP DEVELOPMENT. | - | $2,536 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| CHARLES NEWNAM | Executive Di | PT | $0 | - | - |
| WILL HOLDER | Director | - | $0 | - | - |
| STEVEN SCHULTZ | Director | - | $0 | - | - |
| ROLLAND COLEMAN | Director | - | $0 | - | - |
| ELIZABETH GREEVER | Director | - | $0 | - | - |
| SEAN BAKER | Director | - | $0 | - | - |
| SEAN BUCKLEY | Director | - | $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
- 2022-11-15
- 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 7,885 office expenses 277 internet 586 insurance 124 miscellaneous 225 bank charges 830 business services 378 meals & entertainment 9 christmas party 230 paypal fees 355 total 10,899”
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.”
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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/PersonNm | 1 | WILL HOLDER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | STEVEN SCHULTZ |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | ROLLAND COLEMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | ELIZABETH GREEVER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | SEAN BAKER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | SEAN BUCKLEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | EXECUTIVE DI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 10899 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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. |
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| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 8254 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 6450 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 14229 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 2536 |
| IRS990EZ/TotalRevenueAmt | 0 | 35444 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | HTTP://WWW.VELINSTITUTE.ORG/ |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 28994 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 13680 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 65851 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 93424 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 201949 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 14704 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 19944 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 28127 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 62775 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 264724 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
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| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 33624 |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES ADVERTISING 7,885 OFFICE EXPENSES 277 INTERNET 586 INSURANCE 124 MISCELLANEOUS 225 BANK CHARGES 830 BUSINESS SERVICES 378 MEALS & ENTERTAINMENT 9 CHRISTMAS PARTY 230 PAYPAL FEES 355 TOTAL 10,899 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | CHARLES NEWNAM |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6155194892 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-11-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | VEL INSTITUTE |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | VELI |
| ReturnHeader/Filer/EIN | 0 | 465637855 |
| ReturnHeader/Filer/PhoneNum | 0 | 6155194892 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 330 RAYFORD RD 759 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | SPRING |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 77386 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 813628324 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | TROY O'CALLAGHAN CPA LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2219 SAWDUST RD SUITE 104 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | SPRING |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 773802576 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8328135725 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2022-11-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | TROY O'CALLAGHAN |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2022-11-15T19:23:30-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | CHARLES |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | NEWNAM |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $55,717
- Liabilities
- -
- Net assets
- $55,717
- Revenue
- $35,444
- Expenses
- $14,229
- Net income
- $21,215