Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2020.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
88 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
12 people listed on the 990; $996K paid to officers and key staff.
Elizabeth Seling’s $367K as Chief of Operations is at the 79th percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Elizabeth Seling | $367,017 | — | — | — |
| Beth Seling | — | $341,816 | $291,850 | $175,409 |
| Natalie Laraque | — | $207,386 | — | — |
| Lindsay Kelly | $206,040 | — | — | — |
| Lindsey Kelly | — | $181,446 | — | — |
| Lauren Grevel | $170,600 | $160,513 | $118,646 | — |
| Shaina Belton | $112,997 | $146,414 | $128,368 | — |
| Ashley Ho | $139,388 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Develops custom education programs and promotes nontraditional learning for families and communities.
Questions for Vela Education Fund
Your first name shows with your question. Vela Education Fund answers here, for everyone.
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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…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $12.9M | $15.1M |
| InvestmentsLn 11–13 | $250K | $750K |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $13.5M | $21.4M |
| LiabilitiesLn 26 | $3.1M | $2.9M |
| Net assetsLn 32 | $10.4M | $18.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $4.8M | $4.8M | ||
| Grants to domestic individualsLn 2 | $1.3M | $1.3M | ||
| Other salaries and wagesLn 7 | $1.3M | $1.1M | $269K | |
| Pension plan contributionsLn 8 | $55K | $44K | $11K | |
| Other employee benefitsLn 9 | $78K | $63K | $16K | |
| Payroll taxesLn 10 | $90K | $72K | $18K | |
| Accounting feesLn 11c | $13K | $13K | ||
| Other fees for servicesLn 11g | $2.5M | $1.5M | $616K | $336K |
| Office expensesLn 13 | $71K | $63K | $8K | |
| OccupancyLn 16 | $35K | $6K | $30K | |
| TravelLn 17 | $80K | $80K | $43 | |
| Conferences, conventions and meetingsLn 19 | $1.0M | $1.0M | $720 | |
| InsuranceLn 23 | $8K | $8K | ||
| Other expenses (24a–d)Ln 24 | $22K | $22K | $0 | $0 |
| All other expensesLn 24e | $0 | $0 | $0 | $0 |
| Total functional expensesLn 25 | $11.5M | $10.1M | $987K | $336K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $18.9M | $11.5M | $7.5M | $18.5M | 990 PDF |
| FY2023 | $18.5M | $13.6M | $4.9M | $10.4M | 990 PDF |
| FY2022 | $16.1M | $15.0M | $1.1M | $5.5M | 990 PDF |
| FY2021 | $13.2M | $10.0M | $3.3M | $4.4M | 990 PDF |
| FY2020 | $4.6M | $3.4M | $1.2M | $1.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $18,940,669 revenue, 12 lines filed
Part VI · Governance 3 of 3 board members independent, 1 to look at
Part VIII · Statement of revenue $18,940,669 across 5 lines filed
Part IX · Statement of functional expenses $11,450,200 across 15 lines filed
Part X · Balance sheet $21,403,298 assets, 16 lines filed
Part XI · Reconciliation of net assets $18,455,242 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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