Nonprofit screen
Screen a listVela Education Fund
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- 509(a)(1)
$19Mrevenue
FY2024 · +43% in 3 yrs9staff
5 of 5years filed
’20’21’22’23’24
Revenue and spendingRevenueSpending
Against similar nonprofits FY2024
Operating margin39.5%
Months of reserve15.8mo
Revenue growth (annualized)+42.7%
Middle half of peersMedianVela Education
Where the money goes FY2024 · $11M spent
Programs$10M88%Management and general$987k9%Fundraising$336k3%990 FY2024 · Part IX line 25
Nothing to check in the filings
In its favor2
Strong governance
3 of 3 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIGrowing faster than peers
Revenue up 43% a year since FY2020, in the top quarter of similar nonprofits.
990 Part I · peer cohort17funders
$7.3Ma year, last 3 years
73%from its largest funder
Funder’21’22’23Walton Family Foundation IncEvery year since FY2021$5.0M$6.0M$5.0MBeth and Ravenel Curry FoundationEvery year since FY2021$100k$1.0M$1.0MDaniels FundNew in FY2023$750kM J Murdock Charitable TrustOn and off$500kStanley M Herzog Charitable FoundationSince FY2022$150k$300kBurton Family FoundationNew in FY2023$360kDonor-advised giftsDonors not disclosed$100k$10k$1.2M2 other fundersUp to $300k a year each$300k$50k
FundedThrough a donor-advised fund