VELA INSTITUTE INC
BOONE,
North Carolina,
28607
EIN: 82-2827429
Educational Institutions and Related Activities
DEMOGRAPHIC
ADDRESS
237 CHESTNUT HILL DR
28607
COUNTY
watauga county, NC
IN CARE OF NAME
JENNIFER WILSON-KEARSE
ORGANIZATIONAL OVERVIEW & RANKINGS
VELA INSTITUTE INC is a based in BOONE, NC, focused on Educational Institutions and Related Activities causes , specifically Alumni Associations. Established in June 2018, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $131,247.00, this ranks 461,324 among 2,656,690 nonprofits nationally (Top 18%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 11,805 out of 80,207 organizations in NC (Top 15%).
In watauga county, NC, the organization ranks 94 out of 487 nonprofits by assets (Top 19%), while locally in boone, it stands at 64 among 369 organizations (Top 16%).
The organization reported annual revenue of $978,998.00, ranking 127,585 nationally (Top 5%) and 3,434 in NC (Top 5%).
Within its specific NTEE classification (B84 - B: Educational Institutions and Related Activities), which includes 4,589 similar organizations, VELA INSTITUTE INC ranks 252 in assets (Top 6%) and 22 in revenue (Top 1%).
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
B: Educational Institutions and Related Activities
NTEE CODE
B84: Alumni Associations
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2022
ACCOUNTING PERIOD
12
INCOME CODE
5: $500,000 to $999,999
INCOME AMOUNT
$978,998.00
FORM 990 REVENUE AMOUNT
$978,998.00
RULING DATE
06/2018
ASSET CODE
4: $100,000 to $499,999
ASSET AMOUNT
$131,247.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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