NonprofitsVela Education Fund

Public Foundations

Vela Education Fund

ARLINGTON, VA

Total revenue

$18.9M

Total expenses

$11.5M

Net assets

$18.5M

Grants received

$21.9M

29 grants

EIN

844185046

Tax year

2024

Mission

Custom education programs to meet families learners' needs, increasing awareness of nontraditional education, and accelerating adoption by more families and communities.

Financials

FY 2024

Revenue

Contributions & grants$18.2M
Program service revenue$52K
Investment income$717K
Other revenue
Total revenue$18.9M

Expenses

Grants paid$6.2M
Salaries & benefits$1.6M
Fundraising$336K
Other expenses$3.7M
Total expenses$11.5M
Total assets$21.4M
Net assets$18.5M

People

12 listed

NameRoleCompensation

Henrich Heuer

TREASURER

Board

1 hrs/wk

MEREDITH OLSON

BOARD MEMBER/EXEC DIRECTOR

Board

1 hrs/wk

Weston Edwards

SECRETARY

Board

1 hrs/wk

CALEB OFFLEY

BOARD MEMBER (Outgoing)

Board

1 hrs/wk

DEREK JOHNSON

BOARD MEMBER

Board

1 hrs/wk

EDWARD HUI

BOARD MEMBER (Outgoing)

Board

1 hrs/wk

TODD ROSE

BOARD MEMBER

Board

1 hrs/wk

ELIZABETH SELING

CHIEF OF OPERATIONS

Staff

$367K

50 hrs/wk

LINDSAY KELLY

DIRECTOR-BRAND AND COMMUNICATIONS

Staff

$206K

50 hrs/wk

LAUREN GREVEL

DIRECTOR OF PROGRAMS

Staff

$171K

50 hrs/wk

Ashley Ho

Director of Product Strategy

Staff

$139K

50 hrs/wk

SHAINA BELTON

DIRECTOR OF COMMUNITY

Staff

$113K

50 hrs/wk

Independent contractors

CCDC Hotel LLC dba Conrad Washington DC

Hotel Meeting Conference Expense

$536K

Clevyr Inc

Web Platform

$455K

Bounteous Inc

Web Platform

$419K

North Third Partners LLC

Consulting

$400K

Wild Reply LLC

Media Production

$398K

Grants received

Showing 29 of 29

FromAmountPurposeYear
$250K
EXPAND VELA MICRO-GRANTS ACROSS TEXAS
2024
$200K
Intended for Investing in Education Founders and Learning Models
2024
$20K
General support
2024
$15K
GENERAL CHARITABLE SUPPORT
2024
$5M
To invest in education innovation occurring outside the bounds of traditional school, reaching millions of underserved students and families.
2023
$1M
RESTRICTED - $1,000,000 FOR SCHOOLS THAT FOCUS ON CORE LEARNING, STEM, CAREER & TECHNICAL EDUCATION, AND ECONOMICS & ENTREPRENEURSHIP
2023
$1M
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$250K
VELA EDUCATION FUND: UTAH
2023
$250K
VELA EDUCATION FUND: COLORADO
2023
$125K
VELA EDUCATION FUND: WYOMING
2023
$125K
VELA EDUCATION FUND: NEW MEXICO
2023
$50K
COMMUNITY DEVELOP.
2023
$50K
General support
2023
$6M
To invest in education innovation occurring outside the bounds of traditional school, reaching millions of underserved students and families.
2022
$500K
PROGRAM SUPPORT
2022
$350K
GENERAL SUPPORT
2022
$300K
HOME SCHOOL/DIRECTED EDUC PROGRAMS
2022
$300K
General operating support
2022
$10K
GENERAL SUPPORT
2022
$10K
For grant recipient's exempt purposes
2021
$10K
For grant recipient's exempt purposes
2021
$3.1M
GENERAL OPERATING
2020

Funded by

$21.9M from 18 funders · 29 grants · 2020–2024

Walton Family Foundation Inc

$11M · 2 grants · 2022–2023

The Seminar Network Inc

$3.1M · 1 grant · 2020

Beth And Ravenel Curry Foundation

$2.1M · 3 grants · 2021–2023

Greater Houston Community Foundation

$844K · 1 grant · 2023

Stanley M Herzog Charitable Foundation

$750K · 3 grants · 2022–2024

Daniels Fund

$750K · 4 grants · 2023

M J Murdock Charitable Trust

$500K · 1 grant · 2022

Details

EIN844185046
NTEE codeT30
Subsection03
Ruling date2020-12
Formed2020
Employees9
Volunteers0
VELA EDUCATION FUND — Mission, Financials & Grants Received | Grantivo