Nonprofit · EIN 82-2827429
VELA INSTITUTE INC
Tax-exempt · BOONE, NC 28607
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,694,893 | $1,248,845 | $446,048 | $418,152 | $140,285 | $277,867 |
| December 31, 2023 | 990 | $1,166,640 | $1,240,297 | -$73,657 | $55,026 | $147,336 | -$92,310 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,694,893
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $133,571
- Other salaries and wages
- $717,400
- Salaries, compensation and benefits (total)
- $1,003,204
- Professional fundraising fees
- $0
- Accounting fees
- $1,656
- Program services (functional)
- $1,174,817
- Management and general (functional)
- $50,548
- Fundraising (functional)
- $23,480
Balance sheet and other
- Total assets, start of year
- $55,026
- Total assets, end of year
- $418,152
- Total liabilities, end of year
- $140,285
- Net assets, end of year
- $277,867
- Net assets without donor restrictions
- $277,867
- Gross receipts
- $1,694,893
- Employees
- 9
- Volunteers
- 0
- Year formed
- 2017
- State of legal domicile
- NC
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TODD NOLT | DIRECTOR OF EVALUATION AND ANALYTICS Highest-paid employee | 40 | $150,094 |
| ALEJANDRO SERRANO | DIRECTOR OF PLATFORM DEVELOPMENT Highest-paid employee | 40 | $146,152 |
| JENNIFER WILSON-KEARSE | EXECUTIVE DIRECTOR Officer | 40 | $133,571 |
| JENNIFER CLINE | BOARD MEMBER Trustee or director, Officer | 2 | $0 |
| JONI PETSCHAUER | BOARD MEMBER Trustee or director | 2 | $0 |
| BRIAN MARTIN | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TODD NOLT | DIRECTOR OF EVALUATION AND ANALYTICS Highest-paid employee | 40 | $144,375 |
| ALEJANDRO SERRANO | DIRECTOR OF PLATFORM DEVELOPMENT Highest-paid employee | 40 | $129,883 |
| JENNIFER WILSON-KEARSE | EXECUTIVE DIRECTOR Officer | 40 | $126,482 |
| DR BRIAN GRIEPENTROP | BOARD CHAIR Trustee or director, Officer | 2 | $0 |
| JONI PETSCHAUER | BOARD MEMBER Trustee or director | 2 | $0 |
| DIANNE GRIGGS | BOARD MEMBER Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 237 CHESTNUT HILL DR, BOONE, NC 28607-8023
- In care of
- % JENNIFER WILSON-KEARSE
- Mailing address (990-N for 2017)
- 237 CHESTNUT HILL DRIVE, BOONE NC 28607
- Principal officer (990 for 2024)
- JENNIFER WILSON-KEARSE, 237 CHESTNUT HILL DRIVE, BOONE, NC 28607
- Principal officer (990-N for 2017)
- JENNIFER WILSON-KEARSE, 237 CHESTNUT HILL DRIVE, BOONE NC 28607
- Signed the 990
- JENNIFER WILSON-KEARSE, EXECUTIVE DIRECTOR
- Phone
- (828) 719-7116
- Return prepared by
- Combs Tennant & Carpenter PC
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.
Program accomplishments
- 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.Expenses $1,174,817 · revenue $1,694,893
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-2827429
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B84)
- Assets (IRS master file)
- $418,152
- Income (IRS master file)
- $1,694,893
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,694,893 | $1,248,845 | $418,152 | XML |
| 990 | December 2023 | $1,166,640 | $1,240,297 | $55,026 | XML |
| 990 | December 2022 | $978,998 | $959,742 | $131,247 | IRS |
| 990 | December 2021 | $736,351 | $672,143 | $124,491 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: JENNIFER WILSON-KEARSE | December 31, 2017 | ≤ $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 82-2827429).
Questions about VELA INSTITUTE INC
- What is the EIN of VELA INSTITUTE INC?
- The employer identification number (EIN) of VELA INSTITUTE INC is 82-2827429.
- Is VELA INSTITUTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to VELA INSTITUTE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VELA INSTITUTE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VELA INSTITUTE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VELA INSTITUTE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VELA INSTITUTE INC?
- The 990 for the year ended December 31, 2024 names JENNIFER WILSON-KEARSE.
- Who are the officers and directors of VELA INSTITUTE INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 3 received compensation from the organization, the highest $150,094 (TODD NOLT, DIRECTOR OF EVALUATION AND ANALYTICS).
- How much revenue does VELA INSTITUTE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,694,893, expenses of $1,248,845 and total assets of $418,152 at year end.
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