Nonprofit · EIN 46-5637855
VEL INSTITUTE
Tax-exempt · SPRING, TX 77386
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $35,282 | $8,381 | $26,901 | $40,827 | – | $40,827 |
| December 31, 2024 | 990-EZ | $6,691 | $38,270 | -$31,579 | $13,925 | – | $13,925 |
| December 31, 2023 | 990-EZ | $55,306 | $68,473 | -$13,167 | $45,504 | – | $45,504 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $35,278
- Investment income
- $4
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $2,637
- Occupancy
- $2,387
- Other expenses
- $3,357
- Program services (functional)
- $5,370
Balance sheet and other
- Total assets, start of year
- $13,926
- Total assets, end of year
- $40,827
- Total liabilities, end of year
- –
- Net assets, end of year
- $40,827
- Cash, savings and investments
- $40,827
- Gross receipts
- $35,282
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES NEWNAM | EXECUTIVE DI | 2 | $0 |
| ELIZABETH PRITCHETT | DIRECTOR | 1 | $0 |
| ROLLAND COLEMAN | DIRECTOR | 0.1 | $0 |
| ELIZABETH GREEVER | DIRECTOR | 0.1 | $0 |
| SEAN BUCKLEY | DIRECTOR | 0.2 | $0 |
| MIKE RAMIREZ | DIRECTOR | 0.1 | $0 |
| GARRETT HOWELL | DIRECTOR | 0.1 | $0 |
| CHRIS FAHEY | DIRECTOR | 0.75 | $0 |
990-EZ for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES NEWNAM | EXECUTIVE DI | 5 | $0 |
| ELIZABETH PRITCHETT | DIRECTOR | 3 | $0 |
| ROLLAND COLEMAN | DIRECTOR | 0.2 | $0 |
| ELIZABETH GREEVER | DIRECTOR | 0.2 | $0 |
| SEAN BAKER | DIRECTOR | 0.2 | $0 |
| SEAN BUCKLEY | DIRECTOR | 1 | $0 |
| MIKE RAMIREZ | DIRECTOR | 0.1 | $0 |
| GARRETT HOWELL | DIRECTOR | 0.5 | $0 |
990-EZ for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES NEWNAM | EXECUTIVE DI | 5 | $0 |
| ELIZABETH PRITCHETT | DIRECTOR | 3 | $0 |
| ROLLAND COLEMAN | DIRECTOR | 0.5 | $0 |
| ELIZABETH GREEVER | DIRECTOR | 1 | $0 |
| SEAN BAKER | DIRECTOR | 0.5 | $0 |
| SEAN BUCKLEY | DIRECTOR | 2 | $0 |
| MIKE RAMIREZ | DIRECTOR | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 330 RAYFORD RD 759, SPRING, TX 77386-1980
- Mailing address (990-N for 2017)
- 730 W Clady Dr, Spring TX 77386
- Principal officer (990-N for 2017)
- Terry Lynn Weaver Jr, 730 W Clady Dr, Spring TX 77386
- Signed the 990-EZ
- CHARLES NEWNAM, EXECUTIVE DIRECTOR
- Phone
- (615) 519-4892
- Website
- www.velinstitute.org
- Return prepared by
- TROY O'CALLAGHAN CPA LLC
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 accomplishments
- VEL INSTITUTE PROVIDED CLASSES TO VETERANS FOR PERSONAL GROWTH AND LEADERSHIP DEVELOPMENT.Expenses $5,370
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 46-5637855
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Public and societal benefit (W30)
- Assets (IRS master file)
- $40,827
- Income (IRS master file)
- $35,282
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $35,282 | $8,381 | $40,827 | XML |
| 990-EZ | December 2024 | $6,691 | $38,270 | $13,925 | XML |
| 990-EZ | December 2023 | $55,306 | $68,473 | $45,504 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: Terry Lynn Weaver Jr | May 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-5637855).
Questions about VEL INSTITUTE
- What is the EIN of VEL INSTITUTE?
- The employer identification number (EIN) of VEL INSTITUTE is 46-5637855.
- Is VEL INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to VEL INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VEL INSTITUTE file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of VEL INSTITUTE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VEL INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of VEL INSTITUTE?
- The 990-N for 2017 names Terry Lynn Weaver Jr.
- Who are the officers and directors of VEL INSTITUTE?
- The 990-EZ for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does VEL INSTITUTE have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $35,282, expenses of $8,381 and total assets of $40,827 at year end.
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All nonprofits in SPRING · Texas · Public and societal benefit