Vela Youth Fund Inc
- Assets
- $61.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Palm Desert, CA
- Founding
- 10/2016
- Data as of
- 03/2022
- EIN
- 38-4007720
Organization Overview
Vela Youth Fund Inc is located in Palm Desert, CA. The organization was established in 2016. According to its NTEE Classification (Q20) the organization is classified as: Promotion of International Understanding, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vela Youth Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, Vela Youth Fund Inc generated $59.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 51.9% each year . All expenses for the organization totaled $34.5k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
#28 - PROVIDED $3,750 TO OUR 501C3 PARTNER THE ELVA STOKES RIGGINS SCHOLARSHIP FUND. THIS PROVIDED SCHOLARSHIPS TO FOUR DESERVING BLACK HIGH SCHOOL GRADUATES WHO ENTERED COLLOGE IN 2021& 2000. #29 - DONATED $250 TO THE OBAMA FOUNDATION WHICH PROVIDES LEADERSHIP, RESOURCES & GUIDANCE TO MANY NON-PROFITS SUPPORTING BLACK YOUTH DEVELOPMENT, & PROVIDES SCHOLARSHIPS. THEY HELP MANY STUDENTS. #31 - EXPENDED $29,431 IN FUNDS TOWARD THE PREVIOUSLY DESCRIBED VELA BLACK YOUTH DEVELOPMENT PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Earl Mitchell Chairman, Treasurer | 30 | $0 | |
Sandra Mitchell President And Secretary | 20 | $0 | |
Candacie Riggins VP Research And Statistics | 15 | $0 | |
Earl Dixon VP Faith Based Partnerships | 15 | $0 | |
Joan White VP Donor Partnerships | 15 | $0 | |
Shelly Mitchell Technical Assitant | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,254 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,368 |
| Other Revenue | $0 |
| Total Revenue | $59,622 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $22,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,084 |
| Other expenses | $7,431 |
| Total expenses | $34,515 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $61,472 |
| Other assets | $0 |
| Total assets | $61,772 |
| Total liabilities | $0 |
| Net assets or fund balances | $61,772 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Vela Youth Fund Inc has recieved totaling $5,570.
| Awarding Organization | Amount |
|---|---|
Employees Community Fund Of The Boeing Company Chicago, IL PURPOSE: COMMUNITY SUPPORT | $5,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $70 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International House Berkeley, CA | $36,872,790 | $2,968,814 |
Recycle For Change Richmond, CA | $3,066,281 | $4,293,998 |
Pacific Links Foundation Milpitas, CA | $2,594,773 | $3,090,471 |
Pacific Forum International Honolulu, HI | $6,096,181 | $2,665,542 |
The Institute For Middle East Understanding Tustin, CA | $2,845,946 | $2,453,832 |
Global Exchange San Francisco, CA | $815,734 | $1,489,925 |
Pad Project Los Angeles, CA | $866,439 | $677,983 |
Japan Society Of Northern California San Francisco, CA | $1,390,301 | $1,038,332 |
Us-Mexico Border Philanthropy Partnership San Diego, CA | $1,940,625 | $2,938,495 |
Auroville International Usa Sacramento, CA | $135,767 | $659,080 |
Japan America Society Of Hawaii Honolulu, HI | $874,186 | $846,169 |
Tassel Inc Manhattan Beach, CA | $195,560 | $593,650 |