Velaj Foundation Inc

Stamford, CT
Tax-exempt since Dec. 2007
EIN: 26-1102664

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Type of Nonprofit

Designated as a 501(c)(3) 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.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$441k (2024)

Expenses

$377k (2024)

Total Assets

$4M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

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

Revenue

$441,230

Expenses

$377,389

Net Income

$63,841

Net Assets

$4,003,133

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$508	0.1%
Dividends	$116,823	26.5%
Sales of Assets	$323,748	73.4%
Other Income	$151	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$336,747	89.2%
Compensation of Officers*	$110,400	29.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,003,133
Total Liabilities	$0
Net Assets	$4,003,133

Compensation

Key Employees and Officers	Compensation	Other
Alexander Velaj (Director, President)	$92,400	$0
Patricia Wells Velaj (Director, Vp, Treasurer, Secretary)	$14,000	$0
Grace C Velaj (Director, Program Officer)	$4,000	$0

990-PF

Filed on March 20, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$128,797

Expenses

$400,120

Net Income

-$271,323

Net Assets

$3,939,292

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$498	0.4%
Dividends	$84,368	65.5%
Sales of Assets	$43,894	34.1%
Other Income	$37	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$364,251	91.0%
Compensation of Officers*	$114,900	28.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,939,292
Total Liabilities	$0
Net Assets	$3,939,292

Compensation

Key Employees and Officers	Compensation	Other
Alexander Velaj (Director, President)	$92,400	$0
Patricia Wells Velaj (Director, Vp, Treasurer, Secretary)	$14,000	$0
Nicole R Velaj Thru 20230702 (Director)	$7,500	$0
Grace C Velaj Began 20230707 (Director, Program Officer)	$1,000	$0

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990-PF

Filed on May 6, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$189,693

Expenses

$398,148

Net Income

-$208,455

Net Assets

$4,210,615

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$256	0.1%
Dividends	$124,208	65.5%
Sales of Assets	$65,199	34.4%
Other Income	$30	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$357,509	89.8%
Compensation of Officers*	$116,400	29.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,210,615
Total Liabilities	$0
Net Assets	$4,210,615

Compensation

Key Employees and Officers	Compensation	Other
Alexander Velaj (Director, President)	$92,400	$0
Patricia Wells Velaj (Director, Vp, Treasurer, Secretary)	$14,000	$0
Nicole R Velaj (Director)	$10,000	$0

990-PF

Filed on March 22, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$649,768

Expenses

$405,117

Net Income

$244,651

Net Assets

$4,419,070

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8	0.0%
Dividends	$179,542	27.6%
Sales of Assets	$469,986	72.3%
Other Income	$232	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$370,053	91.3%
Compensation of Officers*	$116,400	28.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,419,070
Total Liabilities	$0
Net Assets	$4,419,070

Compensation

Key Employees and Officers	Compensation	Other
Alexander Velaj (Director, President)	$92,400	$0
Patricia Wells Velaj (Director, Vp, Treasurer, Secretary)	$14,000	$0
Nicole R Velaj (Director)	$10,000	$0

990-PF

Filed on March 23, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$188,242

Expenses

$366,193

Net Income

-$177,951

Net Assets

$4,174,418

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$64	0.0%
Dividends	$80,679	42.9%
Sales of Assets	$107,185	56.9%
Other Income	$314	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$329,458	90.0%
Compensation of Officers*	$116,400	31.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,174,419
Total Liabilities	$1
Net Assets	$4,174,418

Compensation

Key Employees and Officers	Compensation	Other
Alexander Velaj (Director, President)	$92,400	$0
Patricia Wells Velaj (Director, Vp, Treasurer, Secretary)	$14,000	$0
Nicole R Velaj (Director)	$10,000	$0

990-PF

Filed on March 22, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$197,843

Expenses

$364,488

Net Income

-$166,645

Net Assets

$4,352,369

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,000	0.5%
Interest Revenue	$190	0.1%
Dividends	$93,553	47.3%
Sales of Assets	$102,857	52.0%
Other Income	$243	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$332,661	91.3%
Compensation of Officers*	$116,400	31.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,352,370
Total Liabilities	$1
Net Assets	$4,352,369

Compensation

Key Employees and Officers	Compensation	Other
Alexander Velaj (Director/President)	$92,400	$0
Patricia Wells Velaj (Director/Vp/Treasurer/Secretary)	$14,000	$0
Nicole R Velaj (Director)	$10,000	$0

990-PF

Filed on April 22, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$313,568

Expenses

$432,258

Net Income

-$118,690

Net Assets

$4,519,015

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,638	0.5%
Interest Revenue	$172	0.1%
Dividends	$135,088	43.1%
Sales of Assets	$176,524	56.3%
Other Income	$146	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$391,366	90.5%
Compensation of Officers*	$119,384	27.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,519,015
Total Liabilities	$0
Net Assets	$4,519,015

Compensation

Key Employees and Officers	Compensation	Other
Alexander Velaj (President/Director)	$95,384	$0
Patricia Wells Velaj (Vp/Treasurer/Secretary/Director)	$14,000	$0
Nicole R Velaj (Director)	$10,000	$0

990-PF

Filed on April 23, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$278,841

Expenses

$399,258

Net Income

-$120,417

Net Assets

$4,637,705

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$75	0.0%
Dividends	$140,364	50.3%
Sales of Assets	$137,141	49.2%
Other Income	$1,261	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$364,341	91.3%
Compensation of Officers*	$116,400	29.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,637,705
Total Liabilities	$0
Net Assets	$4,637,705

Compensation

Key Employees and Officers	Compensation	Other
Alexander Velaj (President/Director)	$92,400	$1,800
Patricia Wells Velaj (Vp/Treasurer/Secretary/Director)	$14,000	$0
Nicole R Velaj (Director)	$10,000	$0

990-PF

Filed on May 11, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$157,320

Expenses

$394,080

Net Income

-$236,760

Net Assets

$4,758,122

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$81,286	51.7%
Sales of Assets	$76,034	48.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$350,716	89.0%
Compensation of Officers*	$118,900	30.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,760,267
Total Liabilities	$2,145
Net Assets	$4,758,122

Compensation

Key Employees and Officers	Compensation	Other
Alexander Velaj (President/Director)	$92,400	$0
Patricia Wells Velaj (Vp/Treasurer/Secretary/Direct.)	$14,000	$0
Nicole R Velaj (Director)	$12,500	$0

990-PF

Filed on June 9, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$291,663

Expenses

$479,784

Net Income

-$188,121

Net Assets

$4,994,882

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$94,052	32.2%
Sales of Assets	$197,611	67.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$439,657	91.6%
Compensation of Officers*	$113,900	23.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,997,027
Total Liabilities	$2,145
Net Assets	$4,994,882

Compensation

Key Employees and Officers	Compensation	Other
Alexander Velaj (President/Director)	$92,400	$0
Patricia Wells Velaj (Vp/Treasurer/Secretary/Direct.)	$14,000	$0
Nicole R Velaj (Director)	$7,500	$0

990-PF

Filed on March 14, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$351,926

Expenses

$456,060

Net Income

-$104,134

Net Assets

$5,183,002

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$155,465	44.2%
Sales of Assets	$196,461	55.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$414,016	90.8%
Compensation of Officers*	$116,400	25.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,185,147
Total Liabilities	$2,145
Net Assets	$5,183,002

Compensation

Key Employees and Officers	Compensation	Other
Alexander Velaj (President/Director)	$92,400	$0
Patricia Wells Velaj (Vp/Treasurer/Secretary/Direct.)	$14,000	$0
Nicole R Velaj (Director)	$10,000	$0

990-PF

Filed on Oct. 5, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$404,305

Expenses

$534,361

Net Income

-$130,056

Net Assets

$5,287,132

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$137,745	34.1%
Sales of Assets	$266,560	65.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$464,726	87.0%
Compensation of Officers*	$115,050	21.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,289,277
Total Liabilities	$2,145
Net Assets	$5,287,132

Compensation

Key Employees and Officers	Compensation	Other
Alexander Velaj (President/Director)	$91,050	$0
Patricia Wells Velaj (Vp/Treasurer/Secretary/Direct.)	$14,000	$0
Nicole R Velaj (Director)	$10,000	$0

990-PF

Filed on Nov. 7, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$361,852

Expenses

$495,756

Net Income

-$133,904

Net Assets

$5,417,188

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$53	0.0%
Dividends	$117,156	32.4%
Sales of Assets	$244,643	67.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$423,767	85.5%
Compensation of Officers*	$115,699	23.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,420,667
Total Liabilities	$3,479
Net Assets	$5,417,188

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

-$787,279

Expenses

$491,442

Net Income

-$1,278,721

Net Assets

$5,551,092

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$99,766
Dividends	$163,510
Sales of Assets	$0
Other Income	$224

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$408,623	83.1%
Compensation of Officers*	$111,000	22.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,552,872
Total Liabilities	$1,780
Net Assets	$5,551,092

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Velaj Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $441k (2024)

Expenses $377k (2024)

Total Assets $4M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$441k (2024)

Expenses

$377k (2024)

Total Assets

$4M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007