Velvet Ashes Incorporated
- Assets
- $140.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newtown Square, PA
- Founding
- 10/2016
- Data as of
- 12/2021
- EIN
- 81-1298929
Organization Overview
Velvet Ashes Incorporated is located in Newtown Square, PA. The organization was established in 2016. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, 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. Velvet Ashes Incorporated 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 12/2021, Velvet Ashes Incorporated generated $167.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $142.4k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
EACH SPRING WE PRODUCE A TOTALLY ONLINE RETREAT TO ALLOW WOMEN A CHANCE TO BE ENCOURAGED AND RENEWED NO MATTER THEIR LOCATION OR SITUATION. WOMEN TOOK PART IN OUR RETREATS FROM OVER 100 DIFFERENT COUNTRIES.EACH FALL AND SPRING WE INVITE WOMEN FROM ALL OVER THE WORLD TO JOIN CONNECTION GROUPS. IN THESE GROUPS WOMEN CAN CONNECT WITH OTHER WOMEN AS THEY ARE LED BY A MENTOR THROUGH TOPICS RELEVANT TO CROSS CULTURAL LIFE. OUR CONNECTION GROUPS TOTAL OVER 300 WOMEN REPRESENTING OVER 50 COUNTRIES. EACH YEAR WE INVITE WOMEN TO JOIN OUR TEAM OF WRITERS FROM ALL OVER THE WORLD BY SUBMITTING THEIR OWN WRITING TO BE PUBLISHED IN OUR WEEKLY TOPICAL BLOGS POSTS. WE PUBLISHED OVER 300 BLOG POSTS BY MULTIPLES WRITERS REPRESENTING OVER 20 COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Beck Executive Director | 40 | $50,200 | |
Kim Nease Board President & Treasure | 4 | $0 | |
Bayta Schwarz Vice President | 2 | $0 | |
D'arcy Maher Board Member | 2 | $0 | |
Laura Chevalier Beer Board Member | 2 | $0 | |
Carol Scheuerman Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,572 |
| Total Program Service Revenue | $53,856 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $6,108 |
| Total Revenue | $167,536 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $105,131 |
| Professional fees and other payments to independent contractors | $480 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $36,768 |
| Total expenses | $142,379 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $140,118 |
| Other assets | $0 |
| Total assets | $140,305 |
| Total liabilities | $2,442 |
| Net assets or fund balances | $137,863 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Velvet Ashes Incorporated has recieved totaling $26,090.
| Awarding Organization | Amount |
|---|---|
Christian Community Foundation Inc Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $26,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $90 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Young Mens And Young Womens Hebrew Association New York, NY | $131,039,386 | $88,362,629 |
Word Of Life Foundation Inc Schroon Lake, NY | $29,167,251 | $32,657,621 |
Foundation Of The Catholic Diocese Of Columbus Columbus, OH | $225,801,350 | $24,775,130 |
Sisters Of Charity Of St Augustine Health System Inc Cleveland, OH | $57,997,267 | $6,211,280 |
The Catholic Foundation Of Greater Philadelphia Philadelphia, PA | $44,939,432 | $23,307,616 |
Jewish Community Foundation Inc Cherry Hill, NJ | $42,600,461 | $8,752,647 |
Episcopal Church Foundation New York, NY | $650,053,865 | $6,623,247 |
American Friends Of Lev Aharon New York, NY | $614,615 | $3,691,815 |
Yaazoru Inc Lakewood, NJ | $191,815 | $3,860,512 |
Toras Chesed Inc Lakewood, NJ | $1,591,221 | $3,876,581 |
Scph Legacy Corporation Cleveland, OH | $6,198,398 | $162,734 |
American Baptist Foundation East Norriton, PA | $193,005,859 | $25,268,594 |