Nonprofit · EIN 20-8117214
THE VELA FOUNDATION
Tax-exempt · OSTERVILLE, MA 02655
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,947,270 | $600,907 | $1,346,363 | $12,344,747 | $0 | $12,344,747 |
| December 31, 2023 | 990-PF | $4,210,612 | $582,549 | $3,628,063 | $10,976,448 | $0 | $10,976,448 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $216,704
- Interest
- $667
- Net gain from sales of assets
- $1,699,481
- Other income
- $30,418
Expenses
- Grants and similar amounts paid
- $351,844
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $366,987
- Excise tax on investment income
- $24,669
Balance sheet and other
- Total assets, start of year
- $10,976,448
- Total assets, end of year
- $12,344,747
- Total liabilities, end of year
- $0
- Net assets, end of year
- $12,344,747
- Fair market value of assets
- $12,081,888
- Qualifying distributions
- $366,987
- Net investment income
- $1,917,342
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BERNADETTE T REHNERT 398 EAST BAY ROAD, OSTERVILLE, MA 02655 | TRUSTEE | 10 | $0 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BERNADETTE T REHNERT 398 EAST BAY ROAD, OSTERVILLE, MA 02655 | TRUSTEE | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 7 PARKER ROAD, OSTERVILLE, MA 02655-2044
- In care of
- % BERNADETTE T REHNERT TTEE
- Signed the 990-PF
- BERNADETTE REHNERT, TRUSTEE
- Phone
- (617) 230-9476
- Website
- VELAFOUNDATION.ORG
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 20-8117214
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $12,344,747
- Income (IRS master file)
- $6,036,139
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,947,270 | $600,907 | $12,344,747 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $4,210,612 | $582,549 | $10,976,448 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-8117214).
Questions about THE VELA FOUNDATION
- What is the EIN of THE VELA FOUNDATION?
- The employer identification number (EIN) of THE VELA FOUNDATION is 20-8117214.
- Is THE VELA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to THE VELA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE VELA FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE VELA FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE VELA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of THE VELA FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does THE VELA FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,947,270, expenses of $600,907 and total assets of $12,344,747 at year end.
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