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VELOS ORGANIZATION INC

SIMPSONVILLE, South Carolina, 29681

EIN: 85-1204073

Youth Development

MISSION

To provide youth a program to help them reach their full potential and grow into healthy, well-rounded, responsible, and productive adults through sports, life-skills classes, and social/community events.

 FORM 1023-EZ for VELOS ORGANIZATION INC

DEMOGRAPHIC

ADDRESS
3003 E GEORGIA ROAD
29681
COUNTY
greenville county, SC
IN CARE OF NAME
COLLEEN PUSATERI

ORGANIZATIONAL OVERVIEW & RANKINGS

VELOS ORGANIZATION INC is a based in SIMPSONVILLE, SC, focused on Youth Development causes , specifically Youth Development Programs, Other. Established in June 2020, it operates as an independent corporation and contributions to this organization are tax-deductible .

With total assets of $96,579.00, this ranks 499,169 among 2,656,690 nonprofits nationally (Top 19%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 5,383 out of 41,152 organizations in SC (Top 14%).

In greenville county, SC, the organization ranks 639 out of 3,938 nonprofits by assets (Top 16%), while locally in simpsonville, it stands at 45 among 512 organizations (Top 8%).

The organization reported annual revenue of $185,774.00, ranking 299,144 nationally (Top 12%) and 3,411 in SC (Top 9%).

Within its specific NTEE classification (O50 - O: Youth Development), which includes 37,455 similar organizations, VELOS ORGANIZATION INC ranks 3,025 in assets (Top 9%) and 2,686 in revenue (Top 8%).

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
O: Youth Development
NTEE CODE
O50: Youth Development Programs, Other
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A

FINANCIALS

TAX PERIOD
12/2022
ACCOUNTING PERIOD
12
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$186,734.00
FORM 990 REVENUE AMOUNT
$185,774.00
RULING DATE
06/2020
ASSET CODE
3: $25,000 to $99,999
ASSET AMOUNT
$96,579.00
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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