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VELOS ORGANIZATION INC: Form 990EZ, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
VELOS ORGANIZATION INC (EIN 85-1204073)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-03
IRS object ID
202323079349200017
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-11-03T06:26:50-07:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN825474875PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Morris Accounting PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12607 Woodruff Road Suite E-422AddressLine1Txt
CitySimpsonvilleCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29681ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN851204073EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Velos Organization IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlVELOBusinessNameControlTxt
Phone8285771187PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13003 E Georgia RoadAddressLine1Txt
CitySimpsonvilleCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29681ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonColleen A PusateriPersonNm
Person TitleDirectorPersonTitleTxt
Phone8285771187PhoneNum
Signature2023-11-01SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstColleenPersonFirstNm
Person LastPusateriPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMary Morris CPAPreparerPersonNm
PTINP01256692PTIN
Phone6302350635PhoneNum
Preparation2023-11-03PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website AddressN/AWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$186,734GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$389ContributionsGiftsGrantsEtcAmt
Program Service Revenue$185,293ProgramServiceRevenueAmt
Membership Dues$0MembershipDuesAmt
Investment Income$77InvestmentIncomeAmt
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Gain Or Loss From Sale Of Assets$0GainOrLossFromSaleOfAssetsAmt
Fundraising Gross Income$975FundraisingGrossIncomeAmt
Special Events Direct Expenses$960SpecialEventsDirectExpensesAmt
Special Events Net Income Loss$15SpecialEventsNetIncomeLossAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Gross Profit Loss Sls Of Invntry$0GrossProfitLossSlsOfInvntryAmt
Total Revenue$185,774TotalRevenueAmt
Fees And Other Pymt To Ind Cntrct$70,880FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$2,000OccupancyRentUtltsAndMaintAmt
Other Expenses Total$62,225OtherExpensesTotalAmt
Total Expenses$135,105TotalExpensesAmt
Excess Or Deficit For Year$50,669ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$45,910NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$96,579NetAssetsOrFundBalancesEOYAmt

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$45,910BOYAmt
EOY$96,579EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$45,910BOYAmt
EOY$96,579EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$45,910BOYAmt
EOY$96,579EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposeVelos provides opportunities for children and youth to participate in a wide range of recreational, cultural, social and civic activities, as well as allowing them toPrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomVelos Archery, Collective & Volleyball offer various ages of archery classes toprovide a place for community, fellowship and encouragementamong youth.DescriptionProgramSrvcAccomTxt
Grants And Allocations$0GrantsAndAllocationsAmt
Program Service Expenses$135,105ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$135,105TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (4 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Colleen A Pusateri
President7.00$0$0$0
Patrick A Pusateri
Vice-President7.00$0$0$0
Cole A Pusateri
Treasurer7.00$0$0$0
Anita J Zimmerman
Secretary7.00$0$0$0
FieldValueIRS element (for citing)
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersfalseMadeLoansToFromOfficersInd
Initiation Fees And Cap Contri$0InitiationFeesAndCapContriAmt
Gross Receipts For Public Use$0GrossReceiptsForPublicUseAmt
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonColleen A PusatariPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13003 E Georgia RoadAddressLine1Txt
CitySimpsonvilleCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29681ZIPCd
FieldValueIRS element (for citing)
Phone8285771187PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Foreign OfficefalseForeignOfficeInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
School OperatingfalseSchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (true)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind
Other Support Sum$0OtherSupportSumAmt
Public Support CY1700PublicSupportCY170Pct

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$31,606CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$101,701CurrentTaxYearMinus1YearAmt
Current Tax Year$163,289CurrentTaxYearAmt
Total$296,596TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$5,042CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$24,513CurrentTaxYearMinus1YearAmt
Current Tax Year$23,369CurrentTaxYearAmt
Total$52,924TotalAmt

Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Tax Rev Levied Orgnztnl Bnft509 TaxRevLeviedOrgnztnlBnft509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$36,648CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$126,214CurrentTaxYearMinus1YearAmt
Current Tax Year$186,658CurrentTaxYearAmt
Total$349,520TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$349,520PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$5CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$29CurrentTaxYearMinus1YearAmt
Current Tax Year$77CurrentTaxYearAmt
Total$111TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$5CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$29CurrentTaxYearMinus1YearAmt
Current Tax Year$77CurrentTaxYearAmt
Total$111TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Total$349,631TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.99970PublicSupportCY509Pct
Public Support PY5090.99980PublicSupportPY509Pct
Investment Income CY0.00030InvestmentIncomeCYPct
Investment Income PY0.00020InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (19 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990EZ, Part I, Line 16Accounting 350.
Form 990EZ, Part I, Line 16Admin/Coach Gifts 615.
Form 990EZ, Part I, Line 16Advertising Expense 1032.
Form 990EZ, Part I, Line 16Apparel 2000.
Form 990EZ, Part I, Line 16Awards Expense 2293.
Form 990EZ, Part I, Line 16Concessions 3427.
Form 990EZ, Part I, Line 16Curriculum 2779.
Form 990EZ, Part I, Line 16Equipment-General 10888.
Form 990EZ, Part I, Line 16Equipment-Archer's 4688.
Form 990EZ, Part I, Line 16Filing Fees 901.
Form 990EZ, Part I, Line 16Insurance 1424.
Form 990EZ, Part I, Line 16Mercy Ministry 160.
Form 990EZ, Part I, Line 16Office Supplies 1027.
Form 990EZ, Part I, Line 16Social Event 3378.
Form 990EZ, Part I, Line 16Storage 146.
Form 990EZ, Part I, Line 16Subscriptions 372.
Form 990EZ, Part I, Line 16Supplies 2756.
Form 990EZ, Part I, Line 16Tournament Fees 12115.
Form 990EZ, Part I, Line 16Uniform Expense 11874.

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