Vela Education Fund

“The organization has two class a members. Class a members have the power to elect and remove an equal numbers of directors. Amendments to the governing documents are subject to the written consent of the class a members.”

“An independent accounting firm prepared and reviewed the form 990. A full draft of the 990 along with all required schedules is then provided to board members, internal management, and legal counsel for review. All questions are addressed and any modifications are made, if necessary. If time allows, the form 990 and all required schedules will be provided to the board of directors prior to filing.”

“The organization's conflict of interest policy covers proposed transactions where interested persons (i.e., board members and officers) may have a financial interest in a transaction being considered by the board of directors or a committee thereof. The board or committee thereof has various options to address the proposed transaction and whether it presents a conflict of interest, including evaluating the fairness of the transaction, whether to appoint a disinterested person(s) or committee to evaluate the transaction, consulting legal counsel, etc.”

“Vela education fund makes documents available in accordance with irs rules.”

“The VELA Education Fund exists to accelerate education innovation and opportunity for every learner by: supporting everyday entrepreneurs building custom education programs to meet familieslearners' needs, increasing awareness of nontraditional education, and accelerating adoption by more families and communities.”

“Vela education fund made 591 grants: 312 grants supported the creation or expansion of high-impact non-traditional learning models; 5 grants were awarded to sub-granting partner organizations that collectively awarded 253 microgrants to educational programs and platforms that met families' educational needs during the pandemic; 274 grants were made directly to individuals to support their educational needs, including scholarships. Vela education fund also provided 200 direct-to-family fast cash grants to support families' educational needs during the pandemic. Vela education fund developed a robust and actionable set of data on the educational values and priorities of learners and families accessing non-traditional learning through surveys and focus groups. Vela also hosted community events and facilitated knowledge and resource share for its community of everyday education entrepreneurs.”

“Description:other professional fees total fees:1001634”

“Description:temporary help total fees:28205”

“Description:outreach services total fees:25735”