THE VELA EDUCATION FUND EXISTS TO ACCELERATE EDUCATION INNOVATION AND OPPORTUNITY FOR EVERY LEARNER BY: SUPPORTING EVERYDAY ENTREPRENEURS BUILDING CUSTOM EDUCATION PROGRAMS TO MEET FAMILIES LEARNERS' NEEDS, INCREASING AWARENESS OF NONTRADITIONAL EDUCATION, AND ACCELERATING ADOPTION BY MORE FAMILIES AND COMMUNITIES.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 5 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations nationwide.
- Base
- $242k
- Bonus
- $125k
- Other
- —
- Benefits
- $27k
- Base
- $181k
- Bonus
- $25k
- Other
- —
- Benefits
- $16k
- Base
- $136k
- Bonus
- $35k
- Other
- —
- Benefits
- $12k
- Base
- $139k
- Bonus
- —
- Other
- —
- Benefits
- $10k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Chief of Operations Highest Compensated Employee Above 90th percentile | $242k | $125k | — | $27k | $407k $436k |
Director-brand and Communications Highest Compensated Employee 75th to 90th percentile | $181k | $25k | — | $16k | $227k $243k |
Director of Programs Highest Compensated Employee Median to 75th percentile | $136k | $35k | — | $12k | $193k $207k |
Director of Product Strategy Highest Compensated Employee Median to 75th percentile | $139k | — | — | $10k | $158k $169k |
Director of Community Highest Compensated Employee 25th percentile to median | — | — | — | — | $132k $141k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 7 unpaid individuals.
Browse compensation in Philanthropy, Voluntarism & Grantmaking →
Top pay as a share of expenses
In 2024, the highest total compensation at VELA EDUCATION FUND equaled 4% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.
Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Up 7%
from 2023
From $382k in 2023 to $407k in 2024.
Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Highest Compensated Employee pay rose 7% from 2023 to 2024, while revenue rose 2%.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about VELA EDUCATION FUND
What does the Highest Compensated Employee of VELA EDUCATION FUND earn?
In 2024, the Highest Compensated Employee of VELA EDUCATION FUND received $406,779 in total compensation. This pay is in the top 10% for Highest Compensated Employee roles among Philanthropy, Voluntarism & Grantmaking organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Highest Compensated Employee pay at VELA EDUCATION FUND compare with similar nonprofits?
Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations nationwide, the 2024 pay of the Highest Compensated Employee at VELA EDUCATION FUND falls in the top 10%. In 2024, the highest total compensation at VELA EDUCATION FUND equaled 4% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.
What are VELA EDUCATION FUND's revenue and expenses?
In 2024, VELA EDUCATION FUND reported $18.9M in total revenue and $11.5M in total expenses on its IRS Form 990.
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