Totals
- Total revenue
- $3,053,256
- Total expenses
- $3,454,049
- Contributions and grants received
- $2,293,466
- Grants paid
- $0
- Program service revenue
- $33,055
- Investment income
- $326,250
- Other revenue
- $400,485
- Total assets, end of year
- $8,167,560
- Total liabilities, end of year
- $312,770
- Net assets or fund balances, end of year
- $7,854,790
- Program services expenses (Part IX)
- $2,588,544
- Management and general expenses
- $451,481
- Fundraising expenses
- $414,024
- Program service expenses (Part III)
- $2,588,544
Program services were 74.9% 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.
-
1c · Fundraising events
$19,800
-
1e · Government grants (contributions)
$340,820
-
1f · All other contributions, gifts and grants
$1,932,846
-
2a · Program service revenue: PROGRAM INCOME
total $33,055 · related or exempt $33,055
-
3 · Investment income
total $202,522 · excluded $202,522
-
7a · Gross sales of assets other than inventory
securities $4,727,243
-
7b · Less cost or other basis and sales expenses
securities $4,603,515
-
7c · Gain or loss
securities $123,728
-
7d · Net gain or loss
total $123,728 · excluded $123,728
-
8a · Fundraising events: gross income
$582,165
-
8a · Fundraising events: contributions included on line 1c
$19,800
-
8b · Fundraising events: direct expenses
$183,025
-
8c · Net income from fundraising events
total $399,140 · excluded $399,140
-
11a · Other revenue: MISCELLANEOUS
total $1,345 · excluded $1,345
-
11e · Other revenue, total
$1,345
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $455,238 · program services $314,474 · management and general $115,127 · fundraising $25,637
-
7 · Other salaries and wages
total $1,868,484 · program services $1,495,267 · management and general $166,323 · fundraising $206,894
-
8 · Pension plan contributions
total $45,113 · program services $36,796 · management and general $3,251 · fundraising $5,066
-
9 · Other employee benefits
total $157,468 · program services $129,110 · management and general $10,403 · fundraising $17,955
-
10 · Payroll taxes
total $175,229 · program services $137,144 · management and general $20,010 · fundraising $18,075
-
11c · Fees: accounting
total $42,152 · management and general $42,152
-
11f · Fees: investment management
total $33,110 · management and general $33,110
-
11g · Fees: other
total $255,023 · program services $121,242 · management and general $20,380 · fundraising $113,401
-
13 · Office expenses
total $18,668 · program services $10,415 · management and general $7,022 · fundraising $1,231
-
14 · Information technology
total $104,031 · program services $88,360 · management and general $8,039 · fundraising $7,632
-
16 · Occupancy
total $117,210 · program services $98,494 · management and general $9,917 · fundraising $8,799
-
17 · Travel
total $20,739 · program services $6,557 · management and general $9,665 · fundraising $4,517
-
23 · Insurance
total $27,728 · program services $23,502 · management and general $2,239 · fundraising $1,987
-
24a · Other expenses: PROGRAM EXPENSES
total $90,031 · program services $90,031
-
24b · Other expenses: PROFESSIONAL DEVELOPMEN
total $32,418 · program services $25,745 · management and general $3,843 · fundraising $2,830
-
24c · Other expenses: MENTOR RECRUITMENT
total $11,407 · program services $11,407
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,302,452 · end of year $860,362
-
2 · Savings and temporary cash investments
beginning of year $659,480 · end of year $300,701
-
3 · Pledges and grants receivable
beginning of year $533,228 · end of year $165,177
-
4 · Accounts receivable
beginning of year $46,840 · end of year $55,222
-
9 · Prepaid expenses and deferred charges
beginning of year $44,658 · end of year $56,582
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10c · Land, buildings and equipment, net
beginning of year $0
-
11 · Investments: publicly traded securities
beginning of year $5,659,366 · end of year $6,578,503
-
15 · Other assets
beginning of year $242,622 · end of year $151,013
-
17 · Accounts payable and accrued expenses
beginning of year $110,891 · end of year $156,407
-
19 · Deferred revenue
beginning of year $5,767 · end of year $5,350
-
25 · Other liabilities
beginning of year $242,622 · end of year $151,013
-
27 · Net assets without donor restrictions
beginning of year $6,614,439 · end of year $6,891,555
-
28 · Net assets with donor restrictions
beginning of year $1,514,927 · end of year $963,235
Mission and programs · 2024
Mission
SILVER LINING MENTORING'S MISSION IS TO EMPOWER YOUTH IMPACTED BY FOSTER CARE TO THRIVE 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 THRIVE THROUGH COMMITTED MENTORING RELATIONSHIPS AND THE DEVELOPMENT OF ESSENTIAL LIFE SKILLS. 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 COMMUNITY BASED MENTORING, A ONE-TO-ONE MENTORING PROGRAM AND THROUGH LEARN & EARN, A LIFE-SKILLS DEVELOPMENT 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.
Expenses $1,026,141 · Revenue $7,124
-
LEARN & EARN IS AN INTENSIVE LIFE SKILLS DEVELOPMENT 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 $528,742
-
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 AND FIELD BUILDING WORK TO EDUCATE STAKEHOLDERS ABOUT THE UNIQUELY CRITICAL ROLE THAT MENTORING RELATIONSHIPS PLAY IN HEALTHY DEVELOPMENT FOR YOUTH IN FOSTER CARE.
Expenses $1,033,661 · Revenue $25,931
As filed on the 2024 return.
Listed in Part VII
-
Tom ShirkTOM SHIRK
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Anna VourosANNA VOUROS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Peter AlberdingPETER ALBERDING
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Lawrence WallachLAWRENCE WALLACH
CLERK (UNTIL 12/2024)
- Total calculated
- $0
- Hours/week
- 2
-
James BakerJAMES BAKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Iliana JoaquinILIANA JOAQUIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Justin PasquarielloJUSTIN PASQUARIELLO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Geoffrey UnderwoodGEOFFREY UNDERWOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Andrew LitchfieldANDREW LITCHFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Matthew MeehanMATTHEW MEEHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Monique Marshall VealeMONIQUE MARSHALL VEALE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Katherine FreundKATHERINE FREUND
DIRECTOR (UNTIL 12/2024)
- Total calculated
- $0
- Hours/week
- 2
-
Colby SwettbergCOLBY SWETTBERG
CHIEF EXECUTIVE OFFICER
- Total calculated
- $245,529
- From this org
- $217,351
- From related orgs
- $0
- Other
- $28,178
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $207,351
- Bonus
- $10,000
- Other
- $0
- Deferred
- $6,738
- Nontaxable benefits
- $21,440
- Filer's total
- $245,529
-
Alaina RosenberryALAINA ROSENBERRY
CHIEF OPERATING OFFICER
- Total calculated
- $188,611
- From this org
- $163,019
- From related orgs
- $0
- Other
- $25,592
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,019
- Bonus
- $5,000
- Other
- $0
- Deferred
- $5,097
- Nontaxable benefits
- $20,495
- Filer's total
- $188,611
-
Kristin HowardKRISTIN HOWARD
CHIEF DEVELOPMENT OFFICER
- Total calculated
- $189,478
- From this org
- $183,898
- From related orgs
- $0
- Other
- $5,580
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $182,898
- Bonus
- $1,000
- Other
- $0
- Deferred
- $5,580
- Nontaxable benefits
- $0
- Filer's total
- $189,478
-
Christina HainesCHRISTINA HAINES
CHIEF STRATEGY OFFICER
- Total calculated
- $140,496
- From this org
- $136,404
- From related orgs
- $0
- Other
- $4,092
- Hours/week
- 40
-
Diana MeyersDIANA MEYERS
SR. DIRECTOR OF FINANCE & ADMINISTRATION
- Total calculated
- $133,970
- From this org
- $121,079
- From related orgs
- $0
- Other
- $12,891
- Hours/week
- 40
-
Jim RicciutiJIM RICCIUTI
DIRECTOR OF DEVELOPMENT
- Total calculated
- $126,850
- From this org
- $114,620
- From related orgs
- $0
- Other
- $12,230
- Hours/week
- 40
-
Teyana CurranTEYANA CURRAN
DIRECTOR OF REGIONAL PROGRAMS
- Total calculated
- $121,314
- From this org
- $117,106
- From related orgs
- $0
- Other
- $4,208
- 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
- 2024
- Filed
- 9 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202531329349306278
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