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VELOS ORGANIZATION INC: Form 990EZ, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
VELOS ORGANIZATION INC (EIN 85-1204073)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-10-13
IRS object ID
202242869349201319
Schema version
2021v4.1
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)
Return2022-10-13T14:40:05-07:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

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 Begin2021-01-01TaxPeriodBeginDt

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
Signature2022-05-10SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstColleenPersonFirstNm
Person LastPusateriPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMary Morris CPAPreparerPersonNm
PTINP01256692PTIN
Phone6302350635PhoneNum
Preparation2022-10-13PreparationDt

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)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

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$125,546GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$1,907ContributionsGiftsGrantsEtcAmt
Program Service Revenue$122,600ProgramServiceRevenueAmt
Membership Dues$0MembershipDuesAmt
Investment Income$29InvestmentIncomeAmt
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Gain Or Loss From Sale Of Assets$0GainOrLossFromSaleOfAssetsAmt
Fundraising Gross Income$1,010FundraisingGrossIncomeAmt
Special Events Direct Expenses$1,838SpecialEventsDirectExpensesAmt
Special Events Net Income Loss-$828SpecialEventsNetIncomeLossAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Gross Profit Loss Sls Of Invntry$0GrossProfitLossSlsOfInvntryAmt
Total Revenue$123,708TotalRevenueAmt
Grants And Similar Amounts Paid$250GrantsAndSimilarAmountsPaidAmt
Fees And Other Pymt To Ind Cntrct$43,462FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$4,456OccupancyRentUtltsAndMaintAmt
Other Expenses Total$50,533OtherExpensesTotalAmt
Total Expenses$98,701TotalExpensesAmt
Excess Or Deficit For Year$25,007ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$20,903NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$45,910NetAssetsOrFundBalancesEOYAmt

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$20,903BOYAmt
EOY$45,910EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$20,903BOYAmt
EOY$45,910EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$20,903BOYAmt
EOY$45,910EOYAmt
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 to explore their talents and interests through life-skills class, whose purpose is to help youth develop their full potential and grow into healthy, well-rounded adults fostering a full and balanced life while experiencing a connection with others & their communityPrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (3 entries)

Description Program Srvc AccomDescriptionProgramSrvcAccomTxtGrants And AllocationsGrantsAndAllocationsAmtProgram Service ExpensesProgramServiceExpensesAmt
Velos Archery offers various ages of archery classes toprovide a place for community, fellowship and encouragementamong youth.$0$40,628
Velos Collective offers many opportunities and various classes to provide a place for community, fellowship and encouragement among youth.$0$44,015
Velos Volleyball offers various ages of volleyball classesto provide a place for community, fellowship and encouragement among youth.$0$14,058
FieldValueIRS element (for citing)
Total Program Service Expenses$98,701TotalProgramServiceExpensesAmt

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 Minus1 Year$31,606CurrentTaxYearMinus1YearAmt
Current Tax Year$101,701CurrentTaxYearAmt
Total$133,307TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$5,042CurrentTaxYearMinus1YearAmt
Current Tax Year$24,513CurrentTaxYearAmt
Total$29,555TotalAmt

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 Minus1 Year$36,648CurrentTaxYearMinus1YearAmt
Current Tax Year$126,214CurrentTaxYearAmt
Total$162,862TotalAmt

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$162,862PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$5CurrentTaxYearMinus1YearAmt
Current Tax Year$29CurrentTaxYearAmt
Total$34TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$5CurrentTaxYearMinus1YearAmt
Current Tax Year$29CurrentTaxYearAmt
Total$34TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Total$162,896TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.99980PublicSupportCY509Pct
Investment Income CY0.00020InvestmentIncomeCYPct
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 10Scholarship; Scholarship; : , , , ; , 250.
Form 990EZ, Part I, Line 16Admin/Coach Gifts 410.
Form 990EZ, Part I, Line 16Advertising Expense 687.
Form 990EZ, Part I, Line 16Apparel 1726.
Form 990EZ, Part I, Line 16Awards Ceremony 3555.
Form 990EZ, Part I, Line 16Bank Fees 87.
Form 990EZ, Part I, Line 16Concessions 3784.
Form 990EZ, Part I, Line 16Curriculum 1506.
Form 990EZ, Part I, Line 16Equipment-General 5645.
Form 990EZ, Part I, Line 16Equipment-Archer's 2806.
Form 990EZ, Part I, Line 16Filing Fees-Sec of State & Other 56.
Form 990EZ, Part I, Line 16Insurance 1305.
Form 990EZ, Part I, Line 16Mercy Ministry 164.
Form 990EZ, Part I, Line 16Office Supplies 2449.
Form 990EZ, Part I, Line 16Social Event 4659.
Form 990EZ, Part I, Line 16Subscriptions 425.
Form 990EZ, Part I, Line 16Tournament Fees 11354.
Form 990EZ, Part I, Line 16Training 200.
Form 990EZ, Part I, Line 16Uniform Expense 9715.

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