Vela Ministries International Usa
- Assets
- $49.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 08/1995
- Data as of
- 12/2020
- EIN
- 77-0254027
Organization Overview
Vela Ministries International Usa is located in Phoenix, AZ. The organization was established in 1995. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vela Ministries International USA 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 12/2020, Vela Ministries International USA generated $38.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $26.7k during the year ending 12/2020. While expenses have increased by 13.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2020
Describe the Organization's Program Activity:
Part 3
THESE FUNDS WERE USED FOR A CHRISTIAN MISSIONARY EFFORT IN MEXICO TO HOLD TRAINING SESSIONS, RESEARCH, AND ASSIST MEXICAN CHURCHES TOWARD MORE EFFECTIVE EVANGELISM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Galo Vasquez Chairman | 1 | $0 | |
Rev Mike Clark Director | 0 | $0 | |
Mr Jerry Forsythe Director | 1 | $0 | |
Mr Dan Christensen Director | 1 | $0 | |
Alex Goni Director | 1 | $0 | |
Raleigh Greshman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,185 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $38,189 |
| 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 | $1,950 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $3,473 |
| Other expenses | $21,324 |
| Total expenses | $26,747 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $49,355 |
| Other assets | $0 |
| Total assets | $49,355 |
| Total liabilities | $0 |
| Net assets or fund balances | $49,355 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vela Ministries International Usa has recieved totaling $37,000.
| Awarding Organization | Amount |
|---|---|
Servenow Colorado Springs, CO PURPOSE: Partnering with VELA to provide The Basic Things series of booklets to their network of churches for evangelism and discipleship. Also providing training for pastors. | $37,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Summit Ministries Inc Manitou Springs, CO | $15,859,073 | $12,358,452 |
Glorieta 2-0 Inc Glorieta, NM | $10,000,063 | $8,243,412 |
Community Build Inc Los Angeles, CA | $3,997,471 | $9,365,253 |
Lake Mission Viejo Association Mission Viejo, CA | $11,099,981 | $7,973,182 |
Masters Academy International Inc Sun Valley, CA | $13,685,330 | $10,175,321 |
India Transformed Denver, CO | $8,662,864 | $16,064,070 |
Society For Christian Instruction Ripon, CA | $27,201,760 | $9,423,324 |
Path Of Life Ministries Riverside, CA | $2,263,670 | $6,512,094 |
Messenger International Inc Palmer Lake, CO | $6,208,879 | $7,054,114 |
Reasons To Believe Covina, CA | $11,307,882 | $5,805,662 |
Priority Living Inc Corona, CA | $3,682,514 | $6,284,416 |
Global Training Network Inc Peoria, AZ | $3,445,890 | $6,634,687 |