Nonprofit · EIN 84-4185046
VELA EDUCATION FUND
Tax-exempt · ARLINGTON, VA 22203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $18,940,669 | $11,450,200 | $7,490,469 | $21,403,298 | $2,948,056 | $18,455,242 |
| December 31, 2023 | 990 | $18,518,008 | $13,589,002 | $4,929,006 | $13,520,815 | $3,083,040 | $10,437,775 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $18,171,446
- Program service revenue
- $52,395
- Investment income
- $716,828
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $6,162,250
- Other salaries and wages
- $1,343,847
- Salaries, compensation and benefits (total)
- $1,566,730
- Professional fundraising fees
- $0
- Accounting fees
- $12,548
- Occupancy
- $35,447
- Travel
- $79,751
- Program services (functional)
- $10,127,054
- Management and general (functional)
- $987,397
- Fundraising (functional)
- $335,749
Balance sheet and other
- Total assets, start of year
- $13,520,815
- Total assets, end of year
- $21,403,298
- Total liabilities, end of year
- $2,948,056
- Net assets, end of year
- $18,455,242
- Net assets without donor restrictions
- $10,914,487
- Net assets with donor restrictions
- $7,540,755
- Gross receipts
- $18,940,669
- Employees
- 9
- Volunteers
- 0
- Year formed
- 2020
- State of legal domicile
- DE
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 | Other / benefits |
|---|---|---|---|---|
| ELIZABETH SELING | CHIEF OF OPERATIONS Highest-paid employee | 50 | $367,017 | $39,762 |
| LINDSAY KELLY | DIRECTOR-BRAND AND COMMUNICATIONS Highest-paid employee | 50 | $206,040 | $21,388 |
| LAUREN GREVEL | DIRECTOR OF PROGRAMS Highest-paid employee | 50 | $170,600 | $22,506 |
| Ashley Ho | Director of Product Strategy Highest-paid employee | 50 | $139,388 | $18,392 |
| SHAINA BELTON | DIRECTOR OF COMMUNITY Highest-paid employee | 50 | $112,997 | $19,066 |
| MEREDITH OLSON | BOARD MEMBER/EXEC DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| CALEB OFFLEY | BOARD MEMBER (Outgoing) Trustee or director | 1 | $0 | $0 |
| DEREK JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EDWARD HUI | BOARD MEMBER (Outgoing) Trustee or director | 1 | $0 | $0 |
| TODD ROSE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| Henrich Heuer | TREASURER Officer | 1 | $0 | $0 |
| Weston Edwards | SECRETARY Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BETH SELING | CHIEF OF OPERATIONS Highest-paid employee | 50 | $341,816 | $39,732 |
| NATALIE LARAQUE | Director of External Affairs Highest-paid employee | 50 | $207,386 | $21,851 |
| LINDSEY KELLY | DIRECTOR-BRAND AND COMMUNICATIONS Highest-paid employee | 50 | $181,446 | $18,295 |
| LAUREN GREVEL | DIRECTOR OF PROGRAMS Highest-paid employee | 50 | $160,513 | $20,526 |
| SHAINA BELTON | DIRECTOR OF COMMUNITY Highest-paid employee | 50 | $146,414 | $23,611 |
| MEREDITH OLSON | BOARD MEMBER/EXEC DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| CALEB OFFLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DEREK JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EDWARD HUI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LARRY TODD ROSE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRIAN MENKES | SECRETARY Officer | 1 | $0 | $0 |
| KARA HARTNETT | TREASURER (OUTGOING) Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4201 WILSON BLVD SUITE 0800, ARLINGTON, VA 22203-4492
- In care of
- % PAYROLL DEPARTMENT
- Principal officer (990 for 2024)
- MEREDITH OLSON, 807 WAUKEGAN ROAD 124, DEERFIELD, IL 60015
- Signed the 990
- KARA HARTNETT, TREASURER
- Phone
- (504) 250-7715
- Website
- WWW.VELA.ORG
- Return prepared by
- Forvis Mazars LLP
Mission
THE VELA EDUCATION FUND EXISTS TO ACCELERATE EDUCATION INNOVATION AND OPPORTUNITY FOR EVERY LEARNER BY: SUPPORTING EVERYDAY ENTREPRENEURS BUILDING CUSTOM EDUCATION PROGRAMS TO MEET FAMILIES LEARNERS' NEEDS, INCREASING AWARENESS OF NONTRADITIONAL EDUCATION, AND ACCELERATING ADOPTION BY MORE FAMILIES AND COMMUNITIES.
Program accomplishments
- VELA EDUCATION FUND MADE 500 GRANTS TO SUPPORT THE CREATION OR EXPANSION OF COMMUNITY-BASED NONTRADITIONAL LEARNING MODELS. VELA FACILITATED COMMUNITY-BUILDING, KNOWLEDGE-SHARING, AND RESOURCE-SHARING AMONGST ITS COMMUNITY OF ENTREPRENEURS AND INCREASED AWARENESS OF NONTRADITIONAL EDUCATION THROUGH STORYTELLING, RESEARCH, AND COMMUNITY EVENTS.Expenses $10,127,054 · grants $6,162,250 · revenue $52,395
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
- 84-4185046
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $21,403,298
- Income (IRS master file)
- $18,940,669
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $18,940,669 | $11,450,200 | $21,403,298 | XML |
| 990 | December 2023 | $18,518,008 | $13,589,002 | $13,520,815 | XML |
| 990 | December 2022 | $16,079,595 | $14,996,723 | $8,295,380 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
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 84-4185046).
Questions about VELA EDUCATION FUND
- What is the EIN of VELA EDUCATION FUND?
- The employer identification number (EIN) of VELA EDUCATION FUND is 84-4185046.
- Is VELA EDUCATION FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to VELA EDUCATION FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VELA EDUCATION FUND 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 EDUCATION FUND 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 EDUCATION FUND 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 EDUCATION FUND?
- The 990 for the year ended December 31, 2024 names MEREDITH OLSON.
- Who are the officers and directors of VELA EDUCATION FUND?
- The 990 for the year ended December 31, 2024 lists 12 people; 5 received compensation from the organization, the highest $367,017 (ELIZABETH SELING, CHIEF OF OPERATIONS).
- How much revenue does VELA EDUCATION FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $18,940,669, expenses of $11,450,200 and total assets of $21,403,298 at year end.
Other nonprofits in ARLINGTON
- ARLINGTON COMMUNITY FOUNDATION EIN 54-1602838 · last filed 990 for 2025
- CAPITAL RESEARCH CENTER EIN 52-1289734 · last filed 990 for 2024
- BADER FAMILY FOUNDATION EIN 27-6359747 · last filed 990-PF for 2024
- PHI DELTA KAPPA INTERNATIONAL INC EIN 35-0975844 · last filed 990 for 2024
- ECDC ENTERPRISE DEVELOPMENT GROUP EIN 54-1993252 · last filed 990 for 2025
- WILDLIFE JUSTICE COMMISSION INVESTIGATIONS INC EIN 93-3384174 · last filed 990 for 2024
- AIR INTERNATIONAL EIN 75-3046958 · last filed 990 for 2024
- REACH FOR UGANDA INC EIN 20-2089837 · last filed 990 for 2025
All nonprofits in ARLINGTON · Virginia · Philanthropy, voluntarism and grantmaking foundations