2025-11-17T15:15:28+00:00 2024-12-31 440160260 Forvis Mazars LLP 1201 Walnut Street Suite 1700 Kansas City MO 641062246 990 2024-01-01 844185046 VELA EDUCATION FUND VELA 5042507715 807 WAUKEGAN ROAD 124 DEERFIELD IL 60015 KARA HARTNETT TREASURER 5042507715 2025-11-17 true Michael Engle P00482834 8162216300 2025-11-17 2024 2025-03-06 01:10:19Z MEREDITH OLSON 807 WAUKEGAN ROAD 124 DEERFIELD IL 60015 18940669 false X WWW.VELA.ORG X 2020 DE CUSTOM EDUCATION PROGRAMS TO MEET FAMILIES LEARNERS' NEEDS, INCREASING AWARENESS OF NONTRADITIONAL EDUCATION, AND ACCELERATING ADOPTION BY MORE FAMILIES AND COMMUNITIES. 3 3 9 0 0 18052745 18171446 0 52395 465263 716828 0 0 18518008 18940669 10706082 6162250 0 1629749 1566730 0 0 335749 1253171 3721220 13589002 11450200 4929006 7490469 13520815 21403298 3083040 2948056 10437775 18455242 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. false false 10127054 6162250 52395 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. 10127054 true true false false false false false false false false false false false false false true true false false false false false false false false false false true true true false false false false false false false false false false false false false false false false false false false false true 154 0 9 true false false false false false false false false false false false false X 3 3 false false false false true true true true true false false false true true true true true true false false false false X HENRICH HEUER 7032147118 4201 WILSON BLVD SUITE 0800 ARLINGTON VA 22203 MEREDITH OLSON BOARD MEMBER/EXEC DIRECTOR 1.0 0.0 X X 0 0 0 CALEB OFFLEY BOARD MEMBER (Outgoing) 1.0 0.0 X 0 0 0 DEREK JOHNSON BOARD MEMBER 1.0 0.0 X 0 0 0 EDWARD HUI BOARD MEMBER (Outgoing) 1.0 0.0 X 0 0 0 TODD ROSE BOARD MEMBER 1.0 0.0 X 0 0 0 Henrich Heuer TREASURER 1.0 0.0 X 0 0 0 Weston Edwards SECRETARY 1.0 0.0 X 0 0 0 Ashley Ho Director of Product Strategy 50.0 0.0 X 139388 0 18392 ELIZABETH SELING CHIEF OF OPERATIONS 50.0 0.0 X 367017 0 39762 LAUREN GREVEL DIRECTOR OF PROGRAMS 50.0 0.0 X 170600 0 22506 LINDSAY KELLY DIRECTOR-BRAND AND COMMUNICATIONS 50.0 0.0 X 206040 0 21388 SHAINA BELTON DIRECTOR OF COMMUNITY 50.0 0.0 X 112997 0 19066 996042 0 121114 5 false true false CCDC Hotel LLC dba Conrad Washington DC 950 New York Ave NW Washington DC 20001 Hotel Meeting Conference Expense 536496 Clevyr Inc 912 N Classen BLVD Oklahoma City OK 73106 Web Platform 454985 Bounteous Inc 4115 N Ravenswood Ave Suite 101 Chicago IL 60613 Web Platform 418513 North Third Partners LLC 1313 Stoneoak Drive McKinney TX 75072 Consulting 400000 Wild Reply LLC 2929 N Central Expy Ste 275 Richardson TX 75080 Media Production 397600 7 18171446 18171446 CONFERENCE REVENUE 561920 52395 52395 0 0 0 0 52395 716828 716828 0 0 0 0 0 0 0 0 0 18940669 52395 0 716828 X 4839750 4839750 1322500 1322500 1343847 1075078 268769 54626 43701 10925 78352 62682 15670 89905 71924 17981 12548 12548 2476554 1525122 615683 335749 71278 63477 7801 35447 5864 29583 79751 79708 43 1015843 1015123 720 7674 7674 MEDIA 22125 22125 0 0 0 0 0 0 11450200 10127054 987397 335749 0 2005 12905591 15116173 300000 5316885 0 0 0 0 0 115406 65224 102829 0 0 0 0 250000 750000 0 0 0 13520815 21403298 457952 863806 2625088 2084250 0 0 0 0 3083040 2948056 X 8708655 10914487 1729120 7540755 10437775 18455242 13520815 21403298 7490469 4263 522735 0 X false true true false X 4566567 13244860 16075378 18052745 18171446 70110996 0 0 4566567 13244860 16075378 18052745 18171446 70110996 23060977 47050019 4415 2709 4217 465263 721091 1197695 0 0 0 0 0 0 0 71308691 52395 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 19896274 4263 951342 0 955605 18940669 0 0 18940669 11856307 951342 0 951342 10904965 545235 545235 11450200 Schedule D, Part X FIN 48 (ASC 740) FOOTNOTE MANAGEMENT HAS EVALUATED THE INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements GRANTS ADJUSTMENT - 545235 true SEE ATTACHED 807 WAUKEGAN ROAD SUITE 124 DEERFIELD IL 60015 4742250 Support 197 136 Individual Grantmaking Program 136 1322500 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds THE FILING ORGANIZATION DISTRIBUTES GRANTS IN ACCORDANCE WITH THE CHARITABLE PURPOSE OF THE ORGANIZATION. ALL GRANTS WERE MADE PURSUANT TO THE REQUIREMENT THAT THEY BE EXPENDED EXCLUSIVELY FOR CHARITABLE PURPOSES, REGARDLESS OF TAX STATUS OF THE RECIPIENT. IF APPLICABLE, THE ORGANIZATION REVIEWS RECIPIENT'S FORM 990, IRS TAX EXEMPTION LETTER, AND VALIDATES THE RECIPIENT'S TAX ID NUMBER. ADEQUATE DOCUMENTATION IS RETAINED FOR ALL GRANTS. X false false false false false false false true false ELIZABETH SELING CHIEF OF OPERATIONS 242017 0 125000 0 0 0 12404 0 27358 0 406779 0 0 0 LINDSAY KELLY DIRECTOR-BRAND AND COMMUNICATIONS 181040 0 25000 0 0 0 5200 0 16188 0 227428 0 0 0 LAUREN GREVEL DIRECTOR OF PROGRAMS 135600 0 35000 0 0 0 10500 0 12006 0 193106 0 0 0 Ashley Ho Director of Product Strategy 139388 0 0 0 0 0 8227 0 10165 0 157780 0 0 0 Schedule J, Part I, Line 7 Non-fixed payments INCENTIVE COMPENSATION IS BASED ON EXTRAORDINARY EFFORTS AND SERVICES PROVIDED TO THE ORGANIZATION, NOT BASED ON FINANCIAL RESULTS OF THE ORGANIZATION. Form 990, Part VI, Line 6 7A & 7B - CLASSES OF MEMBERS OR STOCKHOLDERS 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. Form 990, Part VI, Line 11b Review of form 990 by governing body 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. Form 990, Part VI, Line 12c Conflict of interest policy 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. THE ORGANIZATION RECENTLY UPDATED ITS CONFLICT OF INTEREST POLICY FOR DIRECTORS, OFFICERS, AND KEY EMPLOYEES AND EACH OF THEM ACKNOWLEDGED THE NEW POLICY. Form 990, Part VI, Line 19 Required documents available to the public VELA EDUCATION FUND MAKES DOCUMENTS AVAILABLE IN ACCORDANCE WITH IRS RULES. Form 990, Part IX, Line 11g Other Fees OTHER FEES FOR SERVICES - Total Expense: 2476554, Program Service Expense: 1525122, Management and General Expenses: 615683, Fundraising Expenses: 335749;