The Velmans Foundation Inc C/O Franklin Weinrib Rudell & Vassallo

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$25,164
Expenses
$658
Net Income
-$25,822
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $407
Interest Revenue $0
Dividends $2
Sales of Assets -$25,573
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $250
38.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $0
Total Liabilities $0
Net Assets $0
Compensation
Key Employees and Officers Compensation Other
Hester Velmans (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$34,704
Expenses
$139,323
Net Income
-$104,619
Net Assets
$25,822
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,270
9.4%
Interest Revenue $1,009
2.9%
Dividends $4,189
12.1%
Sales of Assets $26,236
75.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $136,911
98.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $27,842
Total Liabilities $2,020
Net Assets $25,822
Compensation
Key Employees and Officers Compensation Other
Hester Velmans (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$28,046
Expenses
$71,178
Net Income
-$43,132
Net Assets
$130,441
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,066
10.9%
Interest Revenue $2,095
7.5%
Dividends $3,016
10.8%
Sales of Assets $19,869
70.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $67,755
95.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $130,441
Total Liabilities $0
Net Assets $130,441
Compensation
Key Employees and Officers Compensation Other
Pauline Edith Velmans (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$11,521
Expenses
$10,914
Net Income
$607
Net Assets
$173,573
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,776
24.1%
Interest Revenue $2,394
20.8%
Dividends $3,859
33.5%
Sales of Assets $2,492
21.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $6,850
62.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $173,641
Total Liabilities $68
Net Assets $173,573
Compensation
Key Employees and Officers Compensation Other
Pauline Edith Velmans (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$11,003
Expenses
$92,923
Net Income
-$81,920
Net Assets
$172,966
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,822
25.6%
Interest Revenue $4,268
38.8%
Dividends $4,397
40.0%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $89,675
96.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $189,784
Total Liabilities $16,818
Net Assets $172,966
Compensation
Key Employees and Officers Compensation Other
Pauline Edith Velmans (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$13,570
Expenses
$60,276
Net Income
-$46,706
Net Assets
$254,886
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,831
20.9%
Interest Revenue $6,876
50.7%
Dividends $3,893
28.7%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $56,590
93.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $254,958
Total Liabilities $72
Net Assets $254,886
Compensation
Key Employees and Officers Compensation Other
Pauline Velmans (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$20,283
Expenses
$54,915
Net Income
-$34,632
Net Assets
$301,592
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,035
15.0%
Interest Revenue $6,140
30.3%
Dividends $5,269
26.0%
Sales of Assets $5,839
28.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $50,887
92.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $305,547
Total Liabilities $3,955
Net Assets $301,592
Compensation
Key Employees and Officers Compensation Other
Pauline Velmans (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$53,192
Expenses
$73,369
Net Income
-$20,177
Net Assets
$336,224
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,500
4.7%
Interest Revenue $5,980
11.2%
Dividends $6,614
12.4%
Sales of Assets $38,098
71.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $68,500
93.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $336,686
Total Liabilities $462
Net Assets $336,224
Compensation
Key Employees and Officers Compensation Other
Pauline Velmans (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$14,167
Expenses
$21,736
Net Income
-$7,569
Net Assets
$356,401
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $6,820
48.1%
Dividends $5,894
41.6%
Sales of Assets $1,453
10.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $15,500
71.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $356,401
Total Liabilities $0
Net Assets $356,401
Compensation
Key Employees and Officers Compensation Other
Pauline Velmans (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$18,034
Expenses
$7,382
Net Income
$10,652
Net Assets
$363,970
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $7,000
38.8%
Dividends $5,600
31.1%
Sales of Assets $5,434
30.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $363,970
Total Liabilities $0
Net Assets $363,970
Compensation
Key Employees and Officers Compensation Other
Loet Velmans (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$17,500
Expenses
$22,458
Net Income
-$4,958
Net Assets
$353,318
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $6,290
35.9%
Dividends $7,855
44.9%
Sales of Assets $3,355
19.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $15,000
66.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $353,318
Total Liabilities $0
Net Assets $353,318
Compensation
Key Employees and Officers Compensation Other
Loet Velmans (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$10,204
Expenses
$11,983
Net Income
-$1,779
Net Assets
$358,276
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $7,850
76.9%
Dividends $6,770
66.3%
Sales of Assets -$4,416
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $6,100
50.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $358,276
Total Liabilities $0
Net Assets $358,276
Compensation
Key Employees and Officers Compensation Other
Loet Velmans (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$17,523
Expenses
$37,659
Net Income
-$20,136
Net Assets
$360,054
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $13,730
78.4%
Sales of Assets $3,793
21.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $32,657
86.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $360,055
Total Liabilities $1
Net Assets $360,054

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$15,236
Expenses
$20,062
Net Income
-$4,826
Net Assets
$380,190
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $14,430
94.7%
Sales of Assets $806
5.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $14,427
71.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $380,191
Total Liabilities $1
Net Assets $380,190

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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