VELOS ORGANIZATION INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
VELOS ORGANIZATION INC (EIN 85-1204073)
Tax period
2024-01-01 to 2024-12-31
Filed
2026-01-29
IRS object ID
202610299349300816
Schema version
2024v5.2
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)
Return2026-01-29T07:57:29-08:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

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 Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

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 TitlePresidentPersonTitleTxt
Phone8285771187PhoneNum
Signature2025-11-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMary Morris CPAPreparerPersonNm
PTINP01256692PTIN
Phone6302350635PhoneNum
Preparation2025-11-11PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Amended ReturnYes (X)AmendedReturnInd
Principal OfficerColleen A PusateriPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13003 E Georgia RoadAddressLine1Txt
CitySimpsonvilleCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29681ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$261,433GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2020FormationYr
Legal Domicile StateSCLegalDomicileStateCd
Activity Or MissionVelos provides opportunities for children & youth to participate in a wide range of recreational, cultural, social, & civic activities, as well as allowing them to explore their talents and interests through life-skills classes.ActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers4TotalVolunteersCnt
Total Gross UBI$87TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$374PYContributionsGrantsAmt
CY Contributions Grants$72CYContributionsGrantsAmt
PY Program Service Revenue$250,061PYProgramServiceRevenueAmt
CY Program Service Revenue$261,274CYProgramServiceRevenueAmt
PY Investment Income$107PYInvestmentIncomeAmt
CY Investment Income$87CYInvestmentIncomeAmt
PY Other Revenue-$624PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$249,918PYTotalRevenueAmt
CY Total Revenue$261,433CYTotalRevenueAmt
PY Grants And Similar Paid$500PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$209,101PYOtherExpensesAmt
CY Other Expenses$221,737CYOtherExpensesAmt
PY Total Expenses$209,601PYTotalExpensesAmt
CY Total Expenses$221,737CYTotalExpensesAmt
PY Revenues Less Expenses$40,317PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$39,696CYRevenuesLessExpensesAmt
Total Assets BOY$136,896TotalAssetsBOYAmt
Total Assets EOY$176,592TotalAssetsEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$136,896NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$176,592NetAssetsOrFundBalancesEOYAmt
MissionVelos provides opportunities for children & youth to participate in a wide range of recreational, cultural, social, & civic activities, as well as allowing them to explore their talents and interests through life-skills classes.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$220,987ExpenseAmt
Grant$0GrantAmt
Revenue$261,274RevenueAmt
DescVelos Archery, Collective, & Volleyball offer various ages of archery and other classes to provide a place for community, fellowship, and encouragement among youth.Desc
Total Program Service Expenses$220,987TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonColleen PusateriPersonNm
Phone8285771187PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13003 E Georgia RoadAddressLine1Txt
CitySimpsonvilleCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29681ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
Colleen A Pusateri
President7.00Yes (X)$0$0$0
Patrick A Pusateri
Vice-President7.00Yes (X)$0$0$0
Cole A Pusateri
Treasurer7.00Yes (X)$0$0$0
Anita J Zimmerman
Secretary7.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$72AllOtherContributionsAmt
Total Contributions$72TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescYouth Sports & ActivitiesDesc
Business713990BusinessCd
Total Revenue Column$261,274TotalRevenueColumnAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$261,274TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$87TotalRevenueColumnAmt
Unrelated Business Revenue$87UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$261,433TotalRevenueColumnAmt
Related Or Exempt Func Income$261,274RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$87UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$700TotalAmt
Program Services$0ProgramServicesAmt
Management And General$700ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$9,190TotalAmt
Program Services$9,190ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,126TotalAmt
Program Services$1,126ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Awards Expense$2,115$2,115$0$0
Concessions$7,606$7,606$0$0
Curriculum$3,578$3,578$0$0
Equipment$5,901$5,901$0$0

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$191,521TotalAmt
Program Services$191,471ProgramServicesAmt
Management And General$50ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$221,737TotalAmt
Program Services$220,987ProgramServicesAmt
Management And General$750ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$136,896BOYAmt
EOY$176,592EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$136,896BOYAmt
EOY$176,592EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$136,896BOYAmt
EOY$176,592EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$136,896BOYAmt
EOY$176,592EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$136,896BOYAmt
EOY$176,592EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$39,696ReconcilationRevenueExpnssAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

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 Minus4 Years$31,606CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$101,701CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$163,289CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$249,811CurrentTaxYearMinus1YearAmt
Current Tax Year$261,346CurrentTaxYearAmt
Total$807,753TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,042CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$24,513CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$23,369CurrentTaxYearMinus2YearsAmt
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 Minus4 Years$36,648CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$126,214CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$186,658CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$249,811CurrentTaxYearMinus1YearAmt
Current Tax Year$261,346CurrentTaxYearAmt
Total$860,677TotalAmt

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$860,677PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$29CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$77CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$107CurrentTaxYearMinus1YearAmt
Current Tax Year$87CurrentTaxYearAmt
Total$305TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$29CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$77CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$107CurrentTaxYearMinus1YearAmt
Current Tax Year$87CurrentTaxYearAmt
Total$305TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Total$860,982TotalAmt
FieldValueIRS element (for citing)
First5 Years509Yes (X)First5Years509Ind
Public Support CY5090PublicSupportCY509Pct
Investment Income CY0InvestmentIncomeCYPct

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (22 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Pt VI, Line 11bDistributed copies of 990
Pt VI, Line 19Copies of 990 available if requested
Pt VI, Line 2Colleen, Patrick and Cole Pusateri are related
Form 990, Part IX, Line 24eEvent Supplies 3779. 3779. 0. 0.
Form 990, Part IX, Line 24eFacilities Security 1030. 1030. 0. 0.
Form 990, Part IX, Line 24eFees 183. 133. 50. 0.
Form 990, Part IX, Line 24eFurniture & Fixtures 4865. 4865. 0. 0.
Form 990, Part IX, Line 24eMaintenance-Building 2120. 2120. 0. 0.
Form 990, Part IX, Line 24eMercy Ministry 368. 368. 0. 0.
Form 990, Part IX, Line 24eOffice Supplies 1048. 1048. 0. 0.
Form 990, Part IX, Line 24eServices 2617. 2617. 0. 0.
Form 990, Part IX, Line 24eStore Expenses 1240. 1240. 0. 0.
Form 990, Part IX, Line 24eStorm Equipment 5799. 5799. 0. 0.
Form 990, Part IX, Line 24eSubscriptions 2715. 2715. 0. 0.
Form 990, Part IX, Line 24eSupplies 5620. 5620. 0. 0.
Form 990, Part IX, Line 24eTaxes 53. 53. 0. 0.
Form 990, Part IX, Line 24eTournament Expense 19069. 19069. 0. 0.
Form 990, Part IX, Line 24eUniform Expense 11175. 11175. 0. 0.
Form 990, Part IX, Line 24eVolunteer Relations 1077. 1077. 0. 0.
Form 990, Part IX, Line 24eW-9 Coaches, Etc. 128127. 128127. 0. 0.
Form 990, Part IX, Line 24eCoach meal-state 213. 213. 0. 0.
Form 990, Part IX, Line 24eMiscellaneous 423. 423. 0. 0.

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