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VELOS ORGANIZATION INC: Form 990EZ, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
VELOS ORGANIZATION INC (EIN 85-1204073)
Tax period
2020-05-04 to 2020-12-31
Filed
2021-11-21
IRS object ID
202103259349200100
Schema version
2020v4.1
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)
Return2021-11-21T07:49:23-08:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

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 Begin2020-05-04TaxPeriodBeginDt

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
Signature2021-04-20SignatureDt

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
Preparation2021-11-21PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Initial ReturnYes (X)InitialReturnInd
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$36,653GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$0ContributionsGiftsGrantsEtcAmt
Program Service Revenue$35,698ProgramServiceRevenueAmt
Membership Dues$0MembershipDuesAmt
Investment Income$5InvestmentIncomeAmt
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Gain Or Loss From Sale Of Assets$0GainOrLossFromSaleOfAssetsAmt
Fundraising Gross Income$950FundraisingGrossIncomeAmt
Special Events Direct Expenses$1,080SpecialEventsDirectExpensesAmt
Special Events Net Income Loss-$130SpecialEventsNetIncomeLossAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Gross Profit Loss Sls Of Invntry$0GrossProfitLossSlsOfInvntryAmt
Total Revenue$35,573TotalRevenueAmt
Grants And Similar Amounts Paid$500GrantsAndSimilarAmountsPaidAmt
Fees And Other Pymt To Ind Cntrct$3,623FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$1,703OccupancyRentUtltsAndMaintAmt
Other Expenses Total$8,844OtherExpensesTotalAmt
Total Expenses$14,670TotalExpensesAmt
Excess Or Deficit For Year$20,903ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$0NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$20,903NetAssetsOrFundBalancesEOYAmt

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$20,903EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$20,903EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$20,903EOYAmt
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 deeper connection with others & their community.PrimaryExemptPurposeTxt

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$10,725
Velos Collective offers many opportunities and various classes to provide a place for community, fellowship and encouragement among youth.$0$2,190
Velos Volleyball offers various ages of volleyball classesto provide a place for community, fellowship and encouragement among youth.$0$425
FieldValueIRS element (for citing)
Total Program Service Expenses$13,340TotalProgramServiceExpensesAmt

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$31,611CurrentTaxYearAmt
Total$31,611TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year$5,042CurrentTaxYearAmt
Total$5,042TotalAmt

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$36,653CurrentTaxYearAmt
Total$36,653TotalAmt

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$36,653PublicSupportTotal509Amt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Total$36,653TotalAmt
FieldValueIRS element (for citing)
First5 Years509Yes (X)First5Years509Ind
Public Support CY5090PublicSupportCY509Pct
Investment Income CY0InvestmentIncomeCYPct

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (17 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990EZ, Part I, Line 10Scholarship; Scholarship; : , , , ; , 500.
Form 990EZ, Part I, Line 16Admin/Coach Gifts 167.
Form 990EZ, Part I, Line 16Archer's Equipment 1495.
Form 990EZ, Part I, Line 16Awards Ceremony 707.
Form 990EZ, Part I, Line 16Concessions 1621.
Form 990EZ, Part I, Line 16Curriculum 280.
Form 990EZ, Part I, Line 16Equipment 2635.
Form 990EZ, Part I, Line 16Grand Opening Expense 113.
Form 990EZ, Part I, Line 16Insurance 1092.
Form 990EZ, Part I, Line 16Mercy Ministry 62.
Form 990EZ, Part I, Line 16Meeting-Business/Planning 53.
Form 990EZ, Part I, Line 16Office Supplies 271.
Form 990EZ, Part I, Line 16Returned Check Fee 10.
Form 990EZ, Part I, Line 16Social Event 31.
Form 990EZ, Part I, Line 16Subscriptions 50.
Form 990EZ, Part I, Line 16Storage Expense 19.
Form 990EZ, Part I, Line 16Tournament Fees 238.

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