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Nonprofiteer
← MENT OR LTD

Form 990 for tax year 2024

Filed by MENT OR LTD.

Totals

Total revenue
$2,392,349
Total expenses
$2,928,113
Contributions and grants received
$2,847,162
Grants paid
$99,016
Program service revenue
$0
Investment income
$26,177
Other revenue
-$480,990
Total assets, end of year
$664,600
Total liabilities, end of year
$381,933
Net assets or fund balances, end of year
$282,667
Program services expenses (Part IX)
$2,221,102
Management and general expenses
$364,084
Fundraising expenses
$342,927
Program service expenses (Part III)
$2,221,102

Program services were 75.9% 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.

  • 1b · Membership dues

    $8,500

  • 1c · Fundraising events

    $646,024

  • 1f · All other contributions, gifts and grants

    $2,192,638

  • 1g · Noncash contributions included above

    $217,581

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $12,859 · related or exempt $0 · unrelated business $0 · excluded $12,859

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $74,670

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

    securities $61,352

  • 7c · Gain or loss

    securities $13,318 · other assets $0

  • 7d · Net gain or loss

    total $13,318 · related or exempt $0 · unrelated business $0 · excluded $13,318

  • 8a · Fundraising events: gross income

    $84,746

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

    $646,024

  • 8b · Fundraising events: direct expenses

    $565,316

  • 8c · Net income from fundraising events

    total -$480,570 · unrelated business $0 · excluded -$480,570

  • 10a · Gross sales of inventory

    $1,165

  • 10b · Cost of goods sold

    $1,585

  • 10c · Net income from sales of inventory

    total -$420 · related or exempt $0 · unrelated business $0 · excluded -$420

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,000 · program services $10,000

  • 2 · Grants to domestic individuals

    total $89,016 · program services $89,016

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $373,332 · program services $217,701 · management and general $58,179 · fundraising $97,452

  • 7 · Other salaries and wages

    total $619,234 · program services $361,093 · management and general $96,502 · fundraising $161,639

  • 9 · Other employee benefits

    total $25,213 · program services $14,703 · management and general $3,929 · fundraising $6,581

  • 10 · Payroll taxes

    total $151,897 · program services $88,575 · management and general $23,672 · fundraising $39,650

  • 11b · Fees: legal

    total $18,238 · program services $0 · management and general $18,238 · fundraising $0

  • 11c · Fees: accounting

    total $75,320 · program services $0 · management and general $75,320 · fundraising $0

  • 11g · Fees: other

    total $94,177 · program services $68,612 · management and general $25,565 · fundraising $0

  • 12 · Advertising and promotion

    total $201,415 · program services $201,415 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $131,292 · program services $94,761 · management and general $16,231 · fundraising $20,300

  • 16 · Occupancy

    total $49,575 · program services $16,525 · management and general $16,525 · fundraising $16,525

  • 17 · Travel

    total $5,792 · program services $0 · management and general $5,792 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $13,958 · program services $0 · management and general $13,958 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $15,602 · program services $13,262 · management and general $1,560 · fundraising $780

  • 23 · Insurance

    total $8,613 · program services $0 · management and general $8,613 · fundraising $0

  • 24a · Other expenses: TRAINING

    total $895,290 · program services $895,290 · management and general $0 · fundraising $0

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $111,949 · program services $111,949 · management and general $0 · fundraising $0

  • 24c · Other expenses: COMPETITION

    total $38,200 · program services $38,200 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $315,966 · end of year $178,963

  • 2 · Savings and temporary cash investments

    beginning of year $621,110 · end of year $47,585

  • 3 · Pledges and grants receivable

    beginning of year $1,573 · end of year $1,573

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $16,753 · end of year $28,864

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,708 · end of year $12,708

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

    $894,328

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

    $720,115

  • 10c · Land, buildings and equipment, net

    beginning of year $9,490 · end of year $174,213

  • 11 · Investments: publicly traded securities

    beginning of year $184,973 · end of year $220,694

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $245,288 · end of year $301,933

  • 19 · Deferred revenue

    beginning of year $89,000 · end of year $80,000

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $754,679 · end of year $117,855

  • 28 · Net assets with donor restrictions

    beginning of year $73,606 · end of year $164,812

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

AIMS TO EDUCATE, TRAIN AND INSPIRE EXCELLENCE IN YOUNG CULINARY PROFESSIONALS AND CHAMPIONS THE DIVERSITY AND CREATIVITY OF THE TRADITIONS AND QUALITY OF CUISINE IN AMERICA.

  • TEAM USA TRAINING - FUNDING PROVIDED TO EFFECTIVELY TRAIN TEAM USA AS THEY PREPARE TO REPRESENT OUR COUNTRY AT THE MOST RECOGNIZED AND COMPETITIVE CULINARY EVENT CALLED THE BOCUSE D. FUNDING IS USED FOR ALL ASPECTS OF TRAINING FROM EQUIPMENT AND SUPPLIES TO INGREDIENTS AND TRAVEL.

    Expenses $2,083,061

  • GRANT PROGRAM - FUNDS USED TO PROVIDE YOUNG CULINARY PROFESSIONALS WITH FULLY PAID INTERNSHIPS ("STAGES") AT RESTAURANTS AROUND THE WORLD TO FURTHER THEIR EDUCATION AND ONGOING TRAINING.

    Expenses $128,041 · Grants $89,016

  • GIVING FUND GRANTS - ISSUED TO RESTAURANTS AND OTHER PUBLIC CHARITIES FOR DISASTER RELIEF AND ASSISTANCE WITH EMPLOYEE RELIEF EFFORTS RELATED TO COVID, NATURAL DISASTERS OR DEVASTATION.

    Expenses $10,000 · Grants $10,000

As filed on the 2024 return.

Listed in Part VII

  • Daniel Boulud

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • Jerome Bocuse

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Thomas Keller

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Dr Tim Ryan

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Edmondo Schwartz

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Brian Diamond

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • David Hardie

    CHIEF EXECUTIVE OFFICER AS OF FEB 2025

    Total calculated
    $0
    Hours/week
    40

  • Gavin Kaysen

    TEAM USA PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Sean R Weissbart

    GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    5

  • Young Yun

    EXECUTIVE DIRECTOR/SECRETARY

    Total calculated
    $247,086
    From this org
    $233,100
    From related orgs
    $0
    Other
    $13,986
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $178,850
    Bonus
    $54,250
    Other
    $0
    Deferred
    $13,986
    Nontaxable benefits
    $0
    Filer's total
    $247,086

  • Jaimie Chew

    DIRECTOR, COMMUNICATIONS & EVENTS

    Total calculated
    $122,943
    From this org
    $106,907
    From related orgs
    $0
    Other
    $16,036
    Hours/week
    40

  • Stefani De Palma

    TEAM USA HEAD CHEF

    Total calculated
    $142,042
    From this org
    $142,042
    From related orgs
    $0
    Other
    $0
    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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 7 Non-fixed payments
BONUS WAS PAID BASED ON THE PERFORMANCE OF THE EXECUTIVE DIRECTOR AND WAS APPROVED BY THE BOARD. BONUSES WERE TAXABLE AND REPORTED ON THE INDIVIDUAL'S 2024 FORM W-2S, AND INCLUDED ON SCHEDULE J, PART II IN COLUMN B (II).

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

Provenance

Return type
form_990
Tax year
2024
Filed
13 February 2026
IRS schema version
2024v5.1
Source object
202610449349302406

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