Civic Intelligence

Vela Institute Inc

EIN 82-2827429 • 501(c)3 • Boone, NC

Profile

To improve education by finding effective solutions, making these solutions readily available to impact practice and policy and promoting a culture of evidence-based decision making.

237 Chestnut Hill DriveBoone, NC 28607

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

72nd percentile

0.34x

Higher debt load relative to assets than 72% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

54th percentile

0.08x

Higher debt load relative to revenue than 54% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2024

Net Margin

77th percentile

26%

Higher net margin than 77% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

80th percentile

$150,094

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

NTEE B • $1M-$5M nonprofits • Source year 2024

Asset Growth

98th percentile

660%

Faster asset growth than 98% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

78th percentile

45%

Faster revenue growth than 78% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$418,152

Up $363,126 (+660%) from 2023

Liabilities

Down

$140,285

Down $7,051 (-4.8%) from 2023

Net Assets

Up

$277,867

Up $370,177 (+401%) from 2023

Operations
Liabilities / Revenue54th percentileNet Margin77th percentile

Revenue

Up

$1,694,893

Up $528,253 (+45%) from 2023

Expenses

Up

$1,248,845

Up $8,548 (+0.7%) from 2023

Net Income

Up

$446,048

Up $519,705 (+706%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth98th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0-$200KAssets 2018: $4,287Liabilities 2018: $15,111Net Assets 2018: -$10,8242018Assets 2019: $60,433Liabilities 2019: $0Net Assets 2019: $60,4332019Assets 2020: $47,783Liabilities 2020: $149,900Net Assets 2020: -$102,1172020Assets 2021: $124,491Liabilities 2021: $162,400Net Assets 2021: -$37,9092021Assets 2022: $131,247Liabilities 2022: $149,900Net Assets 2022: -$18,6532022Assets 2023: $55,026Liabilities 2023: $147,336Net Assets 2023: -$92,3102023Assets 2024: $418,152Liabilities 2024: $140,285Net Assets 2024: $277,8672024

Highlighted filing

2024

Assets$418,152
Liabilities$140,285
Net Assets$277,867
Open 2024 Filing

Operations Trend

Revenue Growth78th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2018: $168,942Expenses 2018: $179,952Net Income 2018: -$11,0102018Revenue 2019: $464,211Expenses 2019: $392,954Net Income 2019: $71,2572019Revenue 2020: $408,751Expenses 2020: $571,301Net Income 2020: -$162,5502020Revenue 2021: $736,351Expenses 2021: $672,143Net Income 2021: $64,2082021Revenue 2022: $978,998Expenses 2022: $959,742Net Income 2022: $19,2562022Revenue 2023: $1,166,640Expenses 2023: $1,240,297Net Income 2023: -$73,6572023Revenue 2024: $1,694,893Expenses 2024: $1,248,845Net Income 2024: $446,0482024

Highlighted filing

2024

Revenue$1,694,893
Expenses$1,248,845
Net Income$446,048
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$418,152
Liabilities
$140,285
Net assets
$277,867
Revenue
$1,694,893
Expenses
$1,248,845
Net income
$446,048
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.42$0.14$0.28$1.69$1.25$0.45
2023Detailed filing. Detailed filing data is available for this year.$0.06$0.15$0.09$1.17$1.24$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.13$0.15$0.02$0.98$0.96$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.12$0.16$0.04$0.74$0.67$0.06
2020Detailed filing. Detailed filing data is available for this year.$0.05$0.15$0.10$0.41$0.57$0.16
2019Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.46$0.39$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.02$0.01$0.17$0.18$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.2
Gross Receipts
$1,694,893
Mission and Program Overview

Mission

To improve education by finding effective solutions, making these solutions readily available to impact practice and policy and promoting a culture of evidence-based decision making.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$55,026$418,152▲ $363,126
Total Assets$55,026$418,152▲ $363,126
Liabilities
Mortgage Notes Payable Secured by Investment Property$147,336$140,285▼ $7,051
Total Liabilities$147,336$140,285▼ $7,051
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-92,310$277,867▲ $370,177
Total Net Assets Fund Balance$-92,310$277,867▲ $370,177
Total Liabilities and Net Assets / Fund Balance$55,026$418,152▲ $363,126
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Todd NoltDirector of Evaluation and AnalyticsFT$150,094$150,094
Todd Nolt--$150,094$150,094
Alejandro SerranoDirector of Platform DevelopmentFT$146,152$146,152
Jennifer Wilson-kearseExecutive DirectorFT$133,571$133,571

Board Members and Trustees

NameTitle
Brian MartinBoard Member
Jennifer ClineBoard Member
Joni PetschauerBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,694,893
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$446,048
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,003,204
Other Expenses$245,641
Total Fundraising Expense$23,480
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$681,530$21,522$14,348$717,400
Information Technology$162,170$5,121$3,415$170,706
Current Officers, Directors, Trustees, and Key Employees$126,892$4,007$2,672$133,571
Other Employee Benefits$90,797$2,867$1,912$95,576
Payroll Taxes$53,824$1,700$1,133$56,657
Conferences and Meetings$48,522$2,554$0$51,076
Other Expenses$0$6,336$0$6,336
Fees for Services Management$4,800$0$0$4,800
Office Expenses$0$4,586$0$4,586
Fees for Services Accounting$0$1,656$0$1,656
Total Functional Expenses$1,174,817$50,548$23,480$1,248,845
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Vela Institute Inc
EIN
82-2827429
Phone
8287197116
Address
237 CHESTNUT HILL DRIVE, BOONE, NC 28607

Signing Officer

Name
Jennifer Wilson-kearse
Title
Executive Director
Phone
8287197116
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Wilson-kearse
Formed
2017
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
3
Employees
9
Volunteers
0

Preparer

Firm
Combs Tennant & Carpenter PC
Address
2348 Highway 105, Boone, NC 28607
Preparer
Brady L Combs
Phone
8282646700
Supplemental Narrative

Additional Explanations

Pt VI, Line 12C

“Discussed at regular meetings of the board.”

Pt VI, Line 15A

“Discussed at annual meeting of the board.”

Pt VI, Line 11B

“Made available for review prior to signing e-file authorization.”

Pt XII, Line 1

“Organization is requesting a change in overall accounting method from accrual to cash basis with this filing. This change will more accurately track results for internal financial records and tax reporting purposes.”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DISCUSSED AT REGULAR MEETINGS OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DISCUSSED AT ANNUAL MEETING OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MADE AVAILABLE FOR REVIEW PRIOR TO SIGNING E-FILE AUTHORIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ORGANIZATION IS REQUESTING A CHANGE IN OVERALL ACCOUNTING METHOD FROM ACCRUAL TO CASH BASIS WITH THIS FILING. THIS CHANGE WILL MORE ACCURATELY TRACK RESULTS FOR INTERNAL FINANCIAL RECORDS AND TAX REPORTING PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt XII, Line 1
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JENNIFER WILSON-KEARSE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08287197116
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VELA INSTITUTE INC
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ReturnHeader/Filer/EIN0822827429
ReturnHeader/Filer/PhoneNum08287197116
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0562067992
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Combs Tennant & Carpenter PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02348 Highway 105
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Boone
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ReturnHeader/PreparerPersonGrp/PhoneNum08282646700

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