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
62nd percentile
Higher net margin than 62% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
56th percentile
Faster asset growth than 56% of similar nonprofits.
Revenue Growth
16th percentile
Faster revenue growth than 16% of similar nonprofits.
Balance Sheet
Assets
Up$58,671
Up $2,954 (+5.3%) from 2021
Net Assets
Up$58,671
Up $2,954 (+5.3%) from 2021
Liabilities
-
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Down$22,952
Down $12,492 (-35%) from 2021
Expenses
Up$19,998
Up $5,769 (+41%) from 2021
Net Income
Down$2,954
Down $18,261 (-86%) from 2021
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2022 to Dec 31, 2022
- Signed
- Jun 27, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $45,490
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. | - | $17,038 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| CHARLES NEWNAM | Executive Di | PT | $0 | - | - |
| STEVEN SCHULTZ | Director | - | $0 | - | - |
| ROLLAND COLEMAN | Director | - | $0 | - | - |
| ELIZABETH GREEVER | Director | - | $0 | - | - |
| SEAN BAKER | Director | - | $0 | - | - |
| SEAN BUCKLEY | Director | - | $0 | - | - |
Fundraising, Events, and Gaming
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Legacy Awards | $21,545 | $5,911 | $3,643 | $2,268 |
| Total Events | $21,545 | $5,911 | $20,848 | $-14,937 |
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
- 2023-06-27
- 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 9,890 office expenses 95 internet 601 insurance 753 bank charges 925 business services 290 car & truck 48 christmas party 300 computer hardware 181 food & beverage 1,612 meals & entertainment 35 paypal fees 289 payroll expenses -44 supplies 782 total 15,757”
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 | 4 | SEAN BAKER |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | EXECUTIVE DI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | DIRECTOR |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | DIRECTOR |
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| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 15757 |
| 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. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | VEL INSTITUTE PROVIDED CLASSES TO VETERANS FOR PERSONAL GROWTH AND LEADERSHIP DEVELOPMENT. |
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| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 22538 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | -15624 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 19998 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 17038 |
| IRS990EZ/TotalRevenueAmt | 0 | 22952 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | HTTP://WWW.VELINSTITUTE.ORG/ |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 38576 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 28994 |
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| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 65851 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 93424 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 240525 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 6914 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 14704 |
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| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 69689 |
| 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 | 310214 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 45490 |
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| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 33624 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 93978 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 93424 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 310214 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 45490 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 43698 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 33624 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 93978 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 93424 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 310214 |
| 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 |
| IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt | 0 | 15634 |
| IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt | 0 | 15634 |
| IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt | 0 | 20848 |
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| IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt | 0 | 10000 |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | LEGACY AWARDS |
| IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt | 0 | 6215 |
| IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt | 0 | 6215 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt | 0 | 21545 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt | 0 | 21545 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt | 0 | 5911 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt | 0 | 5911 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt | 0 | -14937 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt | 0 | 990 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt | 0 | 990 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt | 0 | 3643 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt | 0 | 3643 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES ADVERTISING 9,890 OFFICE EXPENSES 95 INTERNET 601 INSURANCE 753 BANK CHARGES 925 BUSINESS SERVICES 290 CAR & TRUCK 48 CHRISTMAS PARTY 300 COMPUTER HARDWARE 181 FOOD & BEVERAGE 1,612 MEALS & ENTERTAINMENT 35 PAYPAL FEES 289 PAYROLL EXPENSES -44 SUPPLIES 782 TOTAL 15,757 |
| 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 | 2023-04-26 12:10:37Z |
| 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 | 2023-06-27 |
| 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/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| 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 | 2023-06-27 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | TROY O'CALLAGHAN |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2023-06-27T11:26:25-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | CHARLES |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | NEWNAM |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-12-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $58,671
- Liabilities
- -
- Net assets
- $58,671
- Revenue
- $22,952
- Expenses
- $19,998
- Net income
- $2,954