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Nonprofiteer
← VALLEY VENTURE MENTORING SERVICE INC

Form 990 for tax year 2022

Filed by VALLEY VENTURE MENTORING SERVICE INC.

Totals

Total revenue
$273,671
Total expenses
$269,876
Contributions and grants received
$70,367
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$203,304
Total assets, end of year
$127,473
Total liabilities, end of year
$28,872
Net assets or fund balances, end of year
$98,601
Program services expenses (Part IX)
$269,317
Management and general expenses
$0
Fundraising expenses
$559
Program service expenses (Part III)
$269,317

Program services were 99.8% 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.

  • 1e · Government grants (contributions)

    $23,750

  • 1f · All other contributions, gifts and grants

    $46,617

  • 6a · Gross rents

    real property $3,279

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $3,279

  • 6d · Net rental income or loss

    total $3,279 · related or exempt $3,279

  • 11a · Other revenue: MISCELLANEOUS

    total $180,775 · related or exempt $180,775

  • 11b · Other revenue: MISCELLANEOUS-COLLLEGI

    total $18,250 · related or exempt $18,250

  • 11c · Other revenue: MEMBERSHIPS

    total $1,000 · related or exempt $1,000

  • 11e · Other revenue, total

    $200,025

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $61,951 · program services $61,951

  • 8 · Pension plan contributions

    total $3,724 · program services $3,724

  • 9 · Other employee benefits

    total $13,444 · program services $13,444

  • 10 · Payroll taxes

    total $5,196 · program services $5,196

  • 11c · Fees: accounting

    total $2,675 · program services $2,675

  • 11g · Fees: other

    total $34,054 · program services $34,054

  • 12 · Advertising and promotion

    total $7,000 · program services $7,000

  • 13 · Office expenses

    total $5,467 · program services $5,467

  • 14 · Information technology

    total $1,533 · program services $1,533

  • 16 · Occupancy

    total $43,782 · program services $43,782

  • 17 · Travel

    total $90 · program services $90

  • 19 · Conferences, conventions and meetings

    total $2,550 · program services $2,550

  • 20 · Interest

    total $2,537 · program services $2,537

  • 22 · Depreciation, depletion and amortization

    total $55,326 · program services $55,326

  • 23 · Insurance

    total $1,694 · program services $1,694

  • 24a · Other expenses: MAINTENANCE

    total $12,551 · program services $12,551

  • 24b · Other expenses: STIPEND

    total $8,000 · program services $8,000

  • 24c · Other expenses: PARKING

    total $2,771 · program services $2,771

  • 24d · Other expenses: PRIZE MONEY

    total $2,250 · program services $2,250

  • 24e · All other expenses

    total $3,281 · program services $2,722 · fundraising $559

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $200 · end of year $200

  • 2 · Savings and temporary cash investments

    beginning of year $11,657 · end of year $7,389

  • 4 · Accounts receivable

    beginning of year $45,535 · end of year $41,667

  • 9 · Prepaid expenses and deferred charges

    beginning of year $396 · end of year $568

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

    $365,221

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

    $287,572

  • 10c · Land, buildings and equipment, net

    beginning of year $132,977 · end of year $77,649

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,959 · end of year $2,895

  • 19 · Deferred revenue

    end of year $977

  • 25 · Other liabilities

    beginning of year $50,000 · end of year $25,000

  • 27 · Net assets without donor restrictions

    beginning of year $94,806 · end of year $98,601

Mission and programs · 2022

Mission

VALLEY VENTURE MENTORS IS A NONPROFIT BASED IN SPRINGFIELD, MASSACHUSETTS THAT PROVIDES KEY SUPPORT TO THE ENTREPRENEURIAL ECOSYSTEM THROUGH ITS PROGRAMS: MENTORSHIP, ACCELERATOR, AND COLLEGIATE.

Activities or mission (Part I)

VVM EMPOWERS STARTUPS, CONNECTING THEM WITH THE RESOURCES THEY NEED TO SUCCEED.

  • THE ORGANIZATION ACCEPTED 70 STARTUP BUSINESS TEAMS AND PROVIDED A FORUM WHERE TEAMS DEVELOPED PRESENTATIONS AND RECEIVED ADVICE FROM A WIDE RANGE OF EXPERIENCED BUSINESS PEOPLE TO FURTHER THE DEVELOPMENT AND VIABILITY OF THEIR BUSINESSES.

    Expenses $269,317

As filed on the 2022 return.

Listed in Part VII

  • Hope Rose Gibaldi

    EXECUTIVE DIRECTOR

    Total calculated
    $58,183
    From this org
    $49,511
    From related orgs
    $0
    Other
    $8,672
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303189349309730

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