2021-11-15T10:34:12-06:00 2020-12-31 BKD LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2020-01-01 844185046 VELA EDUCATION FUND % KARA HARTNETT VELA 5042507715 627 CHEROKEE STREET 202 NEW ORLEANS LA 70118 KARA HARTNETT TREASURER 5718582964 2021-11-15 true Brian Menkes XXX-XX-XXXX Michael J Engle P00482834 8162216300 2021-11-15 2020 2022-09-23 18:48:47Z X X MEREDITH OLSON 627 CHEROKEE STREET 202 NEW ORLEANS LA 70118 4570982 false X WWW.VELAEDFUND.ORG X 2020 DE CUSTOM EDUCATION PROGRAMS TO MEET FAMILIESLEARNERS' NEEDS, INCREASING AWARENESS OF NONTRADITIONAL EDUCATION, AND ACCELERATING ADOPTION BY MORE FAMILIES AND COMMUNITIES. 4 4 0 0 0 0 4566567 0 0 0 4415 0 0 0 4570982 0 2720500 0 0 0 0 0 0 0 0 697883 0 3418383 0 1152599 0 1305580 0 152981 0 1152599 X SEE SCHEDULE O false false 3373789 2720500 0 See Schedule O 3373789 true true false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false true true false false false true 9 0 0 false false false false false false false false false false false false X 4 4 false false false false true true true true true false false true true true true true true false false false X KARA HARTNETT 5712906811 1320 N COURTHOUSE ROAD STE 300 ARLINGTON VA 22201 X DEREK JOHNSON BOARD MEMBER 1.0 1.0 X 0 0 0 MARC STERNBERG BOARD MEMBER 1.0 0.0 X 0 0 0 CALEB OFFLEY BOARD MEMBER 1.0 0.0 X 0 0 0 MEREDITH OLSON BOARD MEMBER/EXEC DIRECTOR 1.0 1.0 X X 0 0 0 BRIAN MENKES SECRETARY 1.0 1.0 X 0 0 0 SUSAN MOTIFF TREASURER 1.0 0.0 X 0 0 0 ROBERT HEATON TREASURER (OUTGOING) 1.0 1.0 X 0 0 0 0 0 0 0 false false false TRANSCEND INC 689 DOUGLAS STREET SAN FRANCISCO CA 94114 RESEARCH/EVALUATION 125000 1 4566567 4566567 0 4415 4415 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4570982 4415 2720500 2720500 0 0 0 0 0 0 0 0 0 98232 98232 0 0 0 0 0 436476 426476 10000 158470 124390 34080 1673 1673 0 0 0 640 640 0 0 0 0 0 0 FINANCE CHARGES 514 514 DUES & SUBSCRIPTIONS 1878 1878 3418383 3373789 44594 0 0 1257500 0 48078 0 0 0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1305580 0 152981 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 152981 X 0 1152599 0 0 0 1152599 0 1305580 1152599 X false false false X 0 0 0 0 4566567 4566567 0 0 0 0 0 0 4566567 4566567 0 4566567 4415 4415 0 0 4570982 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true 40 SCHOOLS 612 ANDREW HIGGINS BLVD 3RD FLOOR NEW ORLEANS LA 70130 273474661 501(C)(3) 465000 SUBGRANTS FOR PANDEMIC RELIEF ARIZONA COUNCIL FOR AMERICAN PRIVATE EDUCATION 8711 E PINNACLE PEAK RD PMB 308 SCOTTSDALE AZ 85255 900713923 501(C)(3) 100000 GENERAL OPERATIONS CAMELBACK VENTURES 612 ANDREW HIGGINS BLVD NEW ORLEANS LA 70130 463169470 501(C)(3) 445000 SUBGRANTS FOR PANDEMIC RELIEF GRIPTAPE INC 60 PARK TERRACE WEST NEW YORK NY 10034 841835502 501(C)(3) 150000 GENERAL OPERATIONS HIGH SCHOOL FOR RECORDING ARTS 1166 UNIVERSITY AVE W ST PAUL MN 55104 411915563 501(C)(3) 25000 GENERAL OPERATIONS HLS CREATIVE ACADEMY 76 MAIN STREET IRVINGTON NY 10533 842310816 501(C)(3) 50000 GENERAL OPERATIONS HOME SCHOOL LEGAL DEFENSE ASSOCIATION 1 PATRICK HENRY CIRCLE PURCELLVILLE VA 20132 521354365 501(C)(3) 400000 SUBGRANTS FOR PANDEMIC RELIEF NATIONAL PARENTS UNITED INC 388 PLEASANT ST MALDEN MA 02148 834333274 501(C)(3) 700000 SUBGRANTS FOR PANDEMIC RELIEF NEVADA ACTION FOR SCHOOL OPTIONS 241 WEST CHARLESTON BLVD 150 LAS VEGAS NV 89102 820930795 501(C)(3) 81000 GENERAL OPERATIONS TETON SCIENCE SCHOOL 700 COYOTE CANYON RD JACKSON WY 83001 830219163 501(C)(3) 150000 GENERAL OPERATIONS YOUTH ENTREPRENEURS 4111 E 37TH STREET N WICHITA KS 67220 481187886 501(C)(3) 154500 SUBGRANTS FOR PANDEMIC RELIEF 11 SCHEDULE I, PART I, LINE 2 ALL RECIPIENTS RECEIVED GRANT AWARD LETTERS THAT PROHIBIT THE GRANTEE FROM USING THE GRANT FUNDS FOR LOBBYING AND POLITICAL PURPOSES AND TO USE THE FUNDS EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES. FORM 990, PART III, LINE 1 The VELA Education Fund exists to accelerate education innovation and opportunity for every learner by: supporting everyday entrepreneurs building custom education programs to meet familieslearners' needs, increasing awareness of nontraditional education, and accelerating adoption by more families and communities. FORM 990, PART III, LINE 4A VELA EDUCATION FUND MADE 11 GRANTS: 6 GRANTS SUPPORTED THE EXPANSION OF 3 HIGH-IMPACT NON-TRADITIONAL LEARNING MODELS; 5 GRANTS WERE AWARDED TO SUB-GRANTING PARTNER ORGANIZATIONS THAT COLLECTIVELY AWARDED 251 MICROGRANTS TO EDUCATIONAL PROGRAMS AND PLATFORMS THAT MET FAMILIES' EDUCATIONAL NEEDS DURING THE PANDEMIC. VELA EDUCATION FUND ALSO PROVIDED 200 DIRECT-TO-FAMILY FAST CASH GRANTS TO SUPPORT FAMILIES' EDUCATIONAL NEEDS DURING THE PANDEMIC. VELA EDUCATION FUND DEVELOPED A ROBUST AND ACTIONABLE SET OF DATA ON THE EDUCATIONAL VALUES AND PRIORITIES OF LEARNERS AND FAMILIES ACCESSING NON-TRADITIONAL LEARNING THROUGH SURVEYS AND FOCUS GROUPS. VELA ALSO HOSTED COMMUNITY EVENTS AND FACILITATED KNOWLEDGE AND RESOURCE SHARE FOR ITS COMMUNITY OF EVERYDAY EDUCATION ENTREPRENEURS. FORM 990, PART VI, LINES 6, 7A & 7B THE ORGANIZATION HAS TWO CLASS A MEMBERS. CLASS A MEMBERS HAVE THE POWER TO ELECT AND REMOVE AN EQUAL NUMBERS OF DIRECTORS. AMENDMENTS TO THE GOVERNING DOCUMENTS ARE SUBJECT TO THE WRITTEN CONSENT OF THE CLASS A MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT ACCOUNTING FIRM PREPARED AND REVIEWED THE FORM 990. A FULL DRAFT OF THE 990 ALONG WITH ALL REQUIRED SCHEDULES IS THEN PROVIDED TO INTERNAL MANAGEMENT AND LEGAL COUNSEL FOR REVIEW. ALL QUESTIONS ARE ADDRESSED AND ANY MODIFICATIONS ARE MADE, IF NECESSARY. IF TIME ALLOWS, THE FORM 990 AND ALL REQUIRED SCHEDULES WILL BE PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS PROPOSED TRANSACTIONS WHERE INTERESTED PERSONS (I.E., BOARD MEMBERS AND OFFICERS) MAY HAVE A FINANCIAL INTEREST IN A TRANSACTION BEING CONSIDERED BY THE BOARD OF DIRECTORS OR A COMMITTEE THEREOF. THE BOARD OR COMMITTEE THEREOF HAS VARIOUS OPTIONS TO ADDRESS THE PROPOSED TRANSACTION AND WHETHER IT PRESENTS A CONFLICT OF INTEREST, INCLUDING EVALUATING THE FAIRNESS OF THE TRANSACTION, WHETHER TO APPOINT A DISINTERESTED PERSON(S) OR COMMITTEE TO EVALUATE THE TRANSACTION, CONSULTING LEGAL COUNSEL, ETC. FORM 990, PART VI, SECTION C, LINE 19 VELA EDUCATION FUND MAKES DOCUMENTS AVAILABLE IN ACCORDANCE WITH IRS RULES. FORM 990 PART IX LINE 11G DESCRIPTION:PROFESSIONAL FEES TOTAL FEES:436476 YES EVERY KID FOUNDATION 1320 N COURTHOUSE ROAD STE 400 ARLINGTON VA 22201 843535275 GRANT MAKING VA 501(C)(3) 7 VELA true false false false false false false false false false false false false false false false false false false false