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Nonprofiteer
← SILVER LINING MENTORING INC

Form 990 for tax year 2023

Filed by SILVER LINING MENTORING INC.

Totals

Total revenue
$3,418,288
Total expenses
$2,959,408
Contributions and grants received
$2,771,565
Grants paid
$0
Program service revenue
$58,161
Investment income
$175,449
Other revenue
$413,113
Total assets, end of year
$8,488,646
Total liabilities, end of year
$359,280
Net assets or fund balances, end of year
$8,129,366
Program services expenses (Part IX)
$2,320,669
Management and general expenses
$281,680
Fundraising expenses
$357,059
Program service expenses (Part III)
$2,320,669

Program services were 78.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $15,575

  • 1c · Fundraising events

    $12,600

  • 1e · Government grants (contributions)

    $280,263

  • 1f · All other contributions, gifts and grants

    $2,463,127

  • 2a · Program service revenue: PROGRAM INCOME

    total $58,161 · related or exempt $58,161

  • 3 · Investment income

    total $114,242 · excluded $114,242

  • 7a · Gross sales of assets other than inventory

    securities $2,800,432

  • 7b · Less cost or other basis and sales expenses

    securities $2,739,225

  • 7c · Gain or loss

    securities $61,207

  • 7d · Net gain or loss

    total $61,207 · excluded $61,207

  • 8a · Fundraising events: gross income

    $563,218

  • 8a · Fundraising events: contributions included on line 1c

    $12,600

  • 8b · Fundraising events: direct expenses

    $151,255

  • 8c · Net income from fundraising events

    total $411,963 · excluded $411,963

  • 11a · Other revenue: MISCELLANEOUS

    total $1,150 · excluded $1,150

  • 11e · Other revenue, total

    $1,150

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $415,199 · program services $336,715 · management and general $20,759 · fundraising $57,725

  • 7 · Other salaries and wages

    total $1,582,611 · program services $1,314,057 · management and general $134,323 · fundraising $134,231

  • 8 · Pension plan contributions

    total $39,640 · program services $32,196 · management and general $3,447 · fundraising $3,997

  • 9 · Other employee benefits

    total $115,199 · program services $93,112 · management and general $10,321 · fundraising $11,766

  • 10 · Payroll taxes

    total $152,108 · program services $125,443 · management and general $12,331 · fundraising $14,334

  • 11c · Fees: accounting

    total $31,583 · management and general $31,583

  • 11f · Fees: investment management

    total $22,744 · management and general $22,744

  • 11g · Fees: other

    total $210,958 · program services $89,745 · management and general $19,784 · fundraising $101,429

  • 13 · Office expenses

    total $17,296 · program services $10,655 · management and general $5,783 · fundraising $858

  • 14 · Information technology

    total $91,947 · program services $80,664 · management and general $5,208 · fundraising $6,075

  • 16 · Occupancy

    total $118,599 · program services $103,182 · management and general $7,115 · fundraising $8,302

  • 17 · Travel

    total $18,353 · program services $11,385 · management and general $3,731 · fundraising $3,237

  • 23 · Insurance

    total $23,997 · program services $20,877 · management and general $1,440 · fundraising $1,680

  • 24a · Other expenses: PROGRAM EXPENSES

    total $76,336 · program services $76,336

  • 24b · Other expenses: PROFESSIONAL DEVELOPMEN

    total $39,206 · program services $22,670 · management and general $3,111 · fundraising $13,425

  • 24c · Other expenses: MENTOR RECRUITMENT

    total $3,632 · program services $3,632

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $944,812 · end of year $1,302,452

  • 2 · Savings and temporary cash investments

    beginning of year $3,908,546 · end of year $659,480

  • 3 · Pledges and grants receivable

    beginning of year $586,912 · end of year $533,228

  • 4 · Accounts receivable

    beginning of year $39,115 · end of year $46,840

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,865 · end of year $44,658

  • 10a · Land, buildings and equipment: cost or other basis

    $30,979

  • 10b · Land, buildings and equipment: accumulated depreciation

    $30,979

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $2,008,033 · end of year $5,659,366

  • 15 · Other assets

    beginning of year $337,939 · end of year $242,622

  • 17 · Accounts payable and accrued expenses

    beginning of year $97,992 · end of year $110,891

  • 19 · Deferred revenue

    beginning of year $8,369 · end of year $5,767

  • 25 · Other liabilities

    beginning of year $337,939 · end of year $242,622

  • 27 · Net assets without donor restrictions

    beginning of year $6,139,636 · end of year $6,614,439

  • 28 · Net assets with donor restrictions

    beginning of year $1,281,286 · end of year $1,514,927

Mission and programs · 2023

Mission

SILVER LINING MENTORING'S MISSION IS TO EMPOWER YOUTH IMPACTED BY FOSTER CARE TO FLOURISH THROUGH COMMITTED MENTORING RELATIONSHIPS AND THE DEVELOPMENT OF ESSENTIAL LIFE SKILLS.

Activities or mission (Part I)

SILVER LINING MENTORING'S MISSION IS TO EMPOWER YOUTH IMPACTED BY FOSTER CARE TO FLOURISH THROUGH COMMITTED MENTORING RELATIONSHIPS AND THE DEVELOPMENT OF ESSENTIAL LIFE SKILLS. SILVER LINING MENTORING (SLM) IS THE ONLY MENTORING ORGANIZATION IN MASSACHUSETTS THAT EXCLUSIVELY SERVES YOUTH IN FOSTER CARE. THE YOUNG PEOPLE SERVED BY SLM HAVE BEEN REMOVED FROM THEIR HOMES DUE TO ABUSE AND/OR NEGLECT AND FACE FREQUENT CHANGES IN RESIDENTIAL PROGRAMS, SCHOOLS, COMMUNITIES AND CAREGIVERS. SLM'S VOLUNTEER MENTORS ARE OFTEN THE ONLY ADULTS IN FOSTER YOUTH'S LIVES WHO ARE NOT PAID TO SPEND TIME WITH THEM.SILVER LINING MENTORING SERVES YOUTH AGES 7 AND OLDER THROUGH MENTORS, A COMMUNITY BASED ONE-TO-ONE MENTORING PROGRAM AND THROUGH LEADERS, A LIFE-SKILLS PROGRAM FOR YOUNG PEOPLE AGES 14 AND OLDER WHO ARE PREPARING TO "AGE OUT" OF THE CHILD WELFARE SYSTEM. BOTH PROGRAMS ARE BACKED BY SILVER LINING'S TEAM OF CLINICALLY TRAINED, MASTERS LEVEL PROGRAM STAFF WHO HAVE POPULATION-SPECIFIC EXPERTISE.

  • THE COMMUNITY BASED MENTORING PROGRAM MATCHES YOUTH IMPACTED BY FOSTER CARE IN A ONE-TO-ONE MENTORING RELATIONSHIP WITH A VOLUNTEER ADULT. THE PROGRAM MAINTAINS ITS REPUTATION FOR PRECEDENT-SETTING OUTCOMES AS SILVER LINING MENTORING'S AVERAGE MENTOR-MENTEE MATCH LENGTH OF OVER THREE YEARS IS MORE THAN TWICE THE NATIONAL AVERAGE OF 1.5 YEARS.

    Expenses $938,616 · Revenue $8,924

  • LEARN & EARN IS AN INTENSIVE 12-WEEK LIFE SKILLS CURRICULUM, DURING WHICH YOUTH, THEIR MENTORS, AND SLM STAFF MEET WEEKLY FOR TWO HOURS TO WORK ON SKILLS SUCH AS BUDGETING, RESUME-WRITING, BANKING, FINANCIAL LITERACY, INTERVIEW SKILLS AND MORE. YOUTH EARN A STIPEND FOR EACH CURRICULUM COMPONENT THEY SUCCESSFULLY COMPLETE ALLOWING YOUTH TO BUILD ASSETS TO SUPPORT THEIR TRANSITION TO ADULTHOOD. WITH THIS EARNED MONEY YOUTH HAVE PAID RENT, COLLEGE TUITION, AND PURCHASED LAPTOPS FOR SCHOOLWORK AND PROFESSIONAL CLOTHING, MEETING CRITICAL NEEDS FOR ADULTHOOD.

    Expenses $452,624 · Revenue $4,500

  • SILVER LINING ROUTINELY RECEIVES INQUIRIES FROM ORGANIZATIONS NATIONWIDE SEEKING TO LEARN HOW TO SUPPORT YOUNG PEOPLE IN FOSTER CARE. IN RESPONSE TO THIS DEMAND, THE SILVER LINING INSTITUTE (SLI) WAS LAUNCHED IN LATE 2019. SLI PROVIDES CUSTOMIZED TRAINING AND TECHNICAL ASSISTANCE TO OTHER YOUTH-SERVING ORGANIZATIONS WITH THE GOAL OF INCREASING ACCESS TO HIGH QUALITY MENTORING FOR YOUTH IN FOSTER CARE. THE INSTITUTE ALSO ENGAGES IN THOUGHT LEADERSHIP, MOVEMENT BUILDING AND SYSTEMS CHANGE ADVOCACY WORK TO ENSURE THAT PROVIDERS, POLICYMAKERS, AND LAYPEOPLE UNDERSTAND THAT MENTORING RELATIONSHIPS ARE AN ESSENTIAL PART OF HEALTHY DEVELOPMENT FOR YOUTH IN FOSTER CARE.

    Expenses $929,429 · Revenue $44,737

As filed on the 2023 return.

Listed in Part VII

  • TOM SHIRK

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • ANNA VOUROS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • PETER ALBERDING

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • ANNE BOWIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KENNETH LANG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JAMES BAKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KATHERINE FREUND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ILIANA JOAQUIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JUSTIN PASQUARIELLO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • GEOFFREY UNDERWOOD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LAWRENCE WALLACH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ANDREW LITCHFIELD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MATTHEW MEEHAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MONIQUE MARSHALL VEALE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • COLBY SWETTBERG

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $226,575
    From this org
    $199,135
    From related orgs
    $0
    Other
    $27,440
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,135
    Bonus
    $0
    Other
    $0
    Deferred
    $6,000
    Nontaxable benefits
    $21,440
    Filer's total
    $226,575

  • ALAINA ROSENBERRY

    CHIEF OPERATING OFFICER

    Total calculated
    $184,718
    From this org
    $159,423
    From related orgs
    $0
    Other
    $25,295
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,423
    Bonus
    $0
    Other
    $0
    Deferred
    $4,800
    Nontaxable benefits
    $20,495
    Filer's total
    $184,718

  • CHRISTINA HAINES

    SR. DIR. STRATEGY & NATION

    Total calculated
    $133,612
    From this org
    $129,712
    From related orgs
    $0
    Other
    $3,900
    Hours/week
    40

  • DIANA MEYERS

    DIRECTOR OF ADMINISTRATION

    Total calculated
    $132,458
    From this org
    $119,760
    From related orgs
    $0
    Other
    $12,698
    Hours/week
    40

  • JIM RICCIUTI

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $126,914
    From this org
    $114,808
    From related orgs
    $0
    Other
    $12,106
    Hours/week
    40

  • TEYANA CURRAN

    DIRECTOR OF PROGRAMS

    Total calculated
    $115,844
    From this org
    $111,769
    From related orgs
    $0
    Other
    $4,075
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2024
IRS schema version
2023v5.0
Source object
202421359349313337

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