Civic Intelligence

Velos Organization Inc.

990 • Fiscal year 2023 • EIN 85-1204073

Jan 01, 2023 to Dec 31, 2023 • Filed on May 06, 2024

Organization ProfileN/A
3003 E Georgia RoadSimpsonville, SC 29681

(828) 577-1187

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

69th percentile

16%

Higher net margin than 69% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

83rd percentile

42%

Faster asset growth than 83% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

74th percentile

35%

Faster revenue growth than 74% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$136,896

Up $40,317 (+42%) from 2022

Net Assets

Up

$136,896

Up $40,317 (+42%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin69th percentile

Revenue

Up

$249,918

Up $64,144 (+35%) from 2022

Expenses

Up

$209,601

Up $74,496 (+55%) from 2022

Net Income

Down

$40,317

Down $10,352 (-20%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$150K$100K$50K$0Assets 2020: $20,903Liabilities 2020: $0Net Assets 2020: $20,9032020Assets 2021: $45,910Liabilities 2021: $0Net Assets 2021: $45,9102021Assets 2022: $96,579Liabilities 2022: $0Net Assets 2022: $96,5792022Assets 2023: $136,896Liabilities 2023: $0Net Assets 2023: $136,8962023Assets 2024: $176,592Liabilities 2024: $0Net Assets 2024: $176,5922024

Highlighted filing

2023

Assets$136,896
Liabilities$0
Net Assets$136,896
Open 2023 Filing

Operations Trend

Revenue Growth74th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0Revenue 2020: $35,573Expenses 2020: $14,670Net Income 2020: $20,9032020Revenue 2021: $123,708Expenses 2021: $98,701Net Income 2021: $25,0072021Revenue 2022: $185,774Expenses 2022: $135,105Net Income 2022: $50,6692022Revenue 2023: $249,918Expenses 2023: $209,601Net Income 2023: $40,3172023Revenue 2024: $261,433Expenses 2024: $221,737Net Income 2024: $39,6962024

Highlighted filing

2023

Revenue$249,918
Expenses$209,601
Net Income$40,317
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 6, 2024
Return Version
2023v5.1
Gross Receipts
$251,307
Mission and Program Overview

Mission

Velos provides opportunities for children & youth to participate in a wide range of recreational, cultural, social, & civic activities, as well as allowing them to explore their talents and interests through life-skills classes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$96,579$136,896▲ $40,317
Total Assets$96,579$136,896▲ $40,317
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$96,579$136,896▲ $40,317
Total Net Assets Fund Balance$96,579$136,896▲ $40,317
Total Liabilities and Net Assets / Fund Balance$96,579$136,896▲ $40,317
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Colleen A PusateriPresident
Patrick A PusateriVice-President
Anita J ZimmermanSecretary
Cole A PusateriTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$374
Program Service Revenue
$250,061
Investment Income
$107
Other Revenue
$-624
All Other Contributions
$374
Change in Net Assets
$40,317
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$209,101
Grants and Similar Amounts Paid$500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$184,451$0$0$184,451
Occupancy$12,746$0$0$12,746
Insurance$1,924$0$0$1,924
Advertising$850$0$0$850
Fees for Services Accounting$0$700$0$700
Other Expenses$666$0$0$666
Grants to Domestic Individuals$500--$500
Total Functional Expenses$208,901$700$0$209,601
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,389
Fundraising Gross Income$765
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Velos Organization Inc
EIN
85-1204073
Phone
8285771187
Address
3003 E Georgia Road, Simpsonville, SC 29681

Signing Officer

Name
Colleen A Pusateri
Title
President
Phone
8285771187
Signed
2024-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Colleen A Pusateri
Formed
2020
Legal Domicile
Sc
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Morris Accounting PC
Address
2607 Woodruff Road Suite E-422, Simpsonville, SC 29681
Preparer
Mary Morris CPA
Phone
6302350635
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Distributed copies of 990”

Pt VI, Line 19

“Copies of 990 available if requested”

Pt VI, Line 2

“Colleen, Patrick and Cole Pusateri are related”

Form 990, Part IX, Line 24E

“Concessions 5204. 5204. 0. 0.”

Form 990, Part IX, Line 24E

“Curriculum 2914. 2914. 0. 0.”

Form 990, Part IX, Line 24E

“Equipment-General 14397. 14397. 0. 0.”

Form 990, Part IX, Line 24E

“Equipment-Archer 4888. 4888. 0. 0.”

Form 990, Part IX, Line 24E

“Facility Expense 2713. 2713. 0. 0.”

Form 990, Part IX, Line 24E

“Mercy Ministry 565. 565. 0. 0.”

Form 990, Part IX, Line 24E

“Registration Expense 966. 966. 0. 0.”

Form 990, Part IX, Line 24E

“Social Event 5194. 5194. 0. 0.”

Form 990, Part IX, Line 24E

“Subscriptions 2985. 2985. 0. 0.”

Form 990, Part IX, Line 24E

“Supplies 4902. 4902. 0. 0.”

Form 990, Part IX, Line 24E

“Teachers/Coaches 113943. 113943. 0. 0.”

Form 990, Part IX, Line 24E

“Team Photos 75. 75. 0. 0.”

Form 990, Part IX, Line 24E

“Tournament Fees 16009. 16009. 0. 0.”

Form 990, Part IX, Line 24E

“Training 23. 23. 0. 0.”

Form 990, Part IX, Line 24E

“Uniform Expense 9673. 9673. 0. 0.”

Raw XML Appendix360 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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IRS990/OtherExpensesGrp/Desc1Apparel
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Distributed copies of 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Copies of 990 available if requested
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Colleen, Patrick and Cole Pusateri are related
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Concessions 5204. 5204. 0. 0.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Mercy Ministry 565. 565. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Registration Expense 966. 966. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Social Event 5194. 5194. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Subscriptions 2985. 2985. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Supplies 4902. 4902. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Teachers/Coaches 113943. 113943. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Team Photos 75. 75. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Tournament Fees 16009. 16009. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Training 23. 23. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Uniform Expense 9673. 9673. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt096579
IRS990/TotalAssetsEOYAmt0136896
IRS990/TotalAssetsGrp/BOYAmt096579
IRS990/TotalAssetsGrp/EOYAmt0136896
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0374
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0700
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0208901
IRS990/TotalFunctionalExpensesGrp/TotalAmt0209601
IRS990/TotalGrossUBIAmt0107
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt096579
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0136896
IRS990/TotalProgramServiceExpensesAmt0208901
IRS990/TotalProgramServiceRevenueAmt0250061
IRS990/TotalRevenueGrp/ExclusionAmt0-624
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0250061
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0249918
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0107
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt096579
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0136896
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt03003 E Georgia Road
IRS990/USAddress/CityNm0Simpsonville
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029681
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Colleen A Pusateri
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum08285771187
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Velos Organization Inc
ReturnHeader/Filer/BusinessNameControlTxt0VELO
ReturnHeader/Filer/EIN0851204073
ReturnHeader/Filer/PhoneNum08285771187
ReturnHeader/Filer/USAddress/AddressLine1Txt03003 E Georgia Road
ReturnHeader/Filer/USAddress/CityNm0Simpsonville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029681
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0825474875
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Morris Accounting PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02607 Woodruff Road Suite E-422
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Simpsonville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029681
ReturnHeader/PreparerPersonGrp/PhoneNum06302350635
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mary Morris CPA
ReturnHeader/ReturnTs02024-11-07T18:05:23-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$136,896
Liabilities
$0
Net assets
$136,896
Revenue
$249,918
Expenses
$209,601
Net income
$40,317
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.77$0.00$1.77$2.61$2.22$0.40
2023Detailed filing. Detailed filing data is available for this year.$1.37$0.00$1.37$2.50$2.10$0.40
2022Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$1.86$1.35$0.51
2021Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$1.24$0.99$0.25
2020Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.21$0.36$0.15$0.21