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EIN 84-4185046

VELA Education Fund

IRS 501(c) type
501(c)(3)
Num. employees
9
City
Glencoe
State
Illinois
Year formed
2020
Most recent tax filings
2022-12-01
NTEE code, primary
T30: Public Foundations
Description
The VELA Education Fund exists to accelerate education innovation and opportunity for every learner by supporting everyday entrepreneurs who build custom education programs to meet families learners' needs. It increases awareness of nontraditional education options and accelerates adoption by more families and communities. The fund has made 688 grants to support the creation or expansion of community-based non-traditional learning models, facilitates community-building, knowledge-sharing, and resource-sharing amongst its community of entrepreneurs.
Total revenues
$16,079,595
2022
Total expenses
$14,996,723
2022
Total assets
$8,295,380
2022
Num. employees
9
2022

Program areas at VELA Education Fund

Vela Education Fund made 688 grants to support the creation or expansion of community-based non-traditional 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.

Who funds VELA Education Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
M J Murdock Charitable TrustProgram Support$500,000
Council on Regional Economic Exp and Educational Development FoundationHome School/directed Educ Programs$300,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$10,000

Personnel at VELA Education Fund

NameTitleCompensation
Beth SelingChief of Operations$291,850
Meredith OlsonBoard Member and Executive Director$0
Michael CrawfordDirector of Community Research
Natalie LaraqueDirector of External Affairs
Lauren GrevelDirector of Programs$118,646
...and 5 more key personnel

Financials for VELA Education Fund

RevenuesFYE 12/2022
Total grants, contributions, etc.$16,075,378
Program services$0
Investment income and dividends$4,217
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$16,079,595

Form 990s for VELA Education Fund

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF

Organizations like VELA Education Fund

OrganizationLocationRevenue
Saint Joseph Hospital FoundationDenver, CO$5,243,377
Foundation for Seminole County Public SchoolsSanford, FL$4,493,142
Elks National FoundationChicago, IL$27,750,732
Kootenai Health FoundationCoeur Dalene, ID$4,639,108
Great Public Schools NowLos Angeles, CA$8,143,067
Empower IllinoisChicago, IL$54,261,503
TeachorgSan Francisco, CA$48,834,704
Nebraska Methodist Hospital FoundationOmaha, NE$8,369,758
The Community FoundationShreveport, LA$15,241,034
Trinity FoundationFort Dodge, IA$4,847,679
Data update history
January 22, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 22, 2024
Updated personnel
Identified 3 new personnel
December 26, 2023
Received grants
Identified 2 new grant, including a grant for $500,000 from M J Murdock Charitable Trust
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 4, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Grantmaking organizationsSocial advocacy organizationsCharities
Issues
Education
Characteristics
Provides grantsProvides scholarshipsTax deductible donations
General information
Address
361 Park Ave 203
Glencoe, IL 60022
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
Website URL
velaedfund.org/ 
Phone
(504) 250-7715
IRS details
EIN
84-4185046
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2020
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T30: Public Foundations
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
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