TO IMPROVE EDUCATION BY FINDING EFFECTIVE SOLUTIONS, MAKING THESE SOLUTIONS READILY AVAILABLE TO IMPACT PRACTICE AND POLICY AND PROMOTING A CULTURE OF EVIDENCE-BASED DECISION MAKING.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Education organizations in North Carolina.
- Base
- $150k
- Bonus
- —
- Other
- —
- Benefits
- —
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Director of Evaluation and Analytics Highest Compensated Employee Median to 75th percentile | $150k | — | — | — | $150k $159k |
Director of Platform Development 25th percentile to medianvs Education peers nationwide | — | — | — | — | $146k $155k |
Executive Director Median to 75th percentile | — | — | — | — | $134k $142k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 3 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at VELA INSTITUTE INC equaled 12% of the organization's total expenses. The median for education organizations is 7%.
Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 4%
from 2023
From $144k in 2023 to $150k in 2024.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Highest Compensated Employee pay rose 4% from 2023 to 2024, while revenue rose 45%.
- Chief Development Officer pay rose 13% from 2023 to 2024.
- Chief Executive Officer pay rose 6% from 2023 to 2024.
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 INSTITUTE INC
What does the Highest Compensated Employee of VELA INSTITUTE INC earn?
In 2024, the Highest Compensated Employee of VELA INSTITUTE INC received $150,094 in total compensation. This pay is above the median (the midpoint) for Highest Compensated Employee roles among Education organizations in North Carolina, within the top half of comparable filings. Based on IRS Form 990 data.
How does Highest Compensated Employee pay at VELA INSTITUTE INC compare with similar nonprofits?
Compared with the same role at Education organizations in North Carolina, the 2024 pay of the Highest Compensated Employee at VELA INSTITUTE INC falls between the median and the 75th percentile. In 2024, the highest total compensation at VELA INSTITUTE INC equaled 12% of the organization's total expenses. The median for education organizations is 7%.
What are VELA INSTITUTE INC's revenue and expenses?
In 2024, VELA INSTITUTE INC reported $1.7M in total revenue and $1.2M in total expenses on its IRS Form 990.
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