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Nonprofiteer
← FLORIDA MENTORING NETWORK INC

Form 990 for tax year 2023

Filed by FLORIDA MENTORING NETWORK INC.

Totals

Total revenue
$432,572
Total expenses
$288,522
Contributions and grants received
$384,337
Grants paid
$0
Program service revenue
$48,235
Investment income
$0
Other revenue
$0
Total assets, end of year
$169,091
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$169,091
Program services expenses (Part IX)
$288,522
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$288,522

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $384,337

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $48,235 · related or exempt $48,235

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $123,261 · program services $123,261

  • 10 · Payroll taxes

    total $27,144 · program services $27,144

  • 11a · Fees: management

    total $4,709 · program services $4,709

  • 11b · Fees: legal

    total $4,000 · program services $4,000

  • 11g · Fees: other

    total $40,655 · program services $40,655

  • 12 · Advertising and promotion

    total $4,002 · program services $4,002

  • 13 · Office expenses

    total $1,573 · program services $1,573

  • 14 · Information technology

    total $1,706 · program services $1,706

  • 16 · Occupancy

    total $1,857 · program services $1,857

  • 17 · Travel

    total $8,583 · program services $8,583

  • 19 · Conferences, conventions and meetings

    total $63,740 · program services $63,740

  • 22 · Depreciation, depletion and amortization

    total $4 · program services $4

  • 24a · Other expenses: OTHER EXPENSES

    total $7,288 · program services $7,288

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $169,091

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

    $4

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

    $4

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    end of year $25,041

  • 31 · Retained earnings, endowment or other funds

    end of year $144,050

Mission and programs · 2023

Mission

MISSION STATEMENT: XCEL FUELS YOUNG PEOPLE WITH PURPOSE BY EQUIPPING THEM WITH PURPOSE-DRIVEN OPPORTUNITIES FOR GROWTH AND SUCCESS. XCEL IS DEDICATED TO EMPOWERING YOUTH AGES 13 TO 25 TO REALIZE THEIR FULLEST POTENTIAL THROUGH A DYNAMIC MENTORING NETWORK THAT INTEGRATES TRANSFORMATIVE MENTORING WITH MOBILE TRAINING UNITS THAT FACILITATE HANDS-ON LEARNING EXPERIENCES AND FOSTER THE DEVELOPMENT OF BOTH HARD AND SOFT SKILLS. VISION STATEMENT: OUR VISION IS TO DELIVER EXCEPTIONAL PROGRAMMING THAT TRANSCENDS BARRIERS, ENSURING ACCESSIBILITY TO UNDERPRIVILEGED POPULATIONS. WE AIM TO EMPOWER YOUTH WHO LACK CONSISTENT ADULT SUPPORT BY PROVIDING THEM WITH OPPORTUNITIES FOR PERSONAL GROWTH AND ESSENTIAL SKILLS FOR THRIVING IN TRADE CAREERS OR INNOVATION FIELDS.

  • OUR MENTEES' SUCCESS STORIES: 98% ADVANCE TO THE NEXT GRADE LEVEL. 92% COMPLETE LIFE SKILLS TRAINING. 76% ACQUIRE TECHNICAL SKILLS THROUGH MOBILE TRAINING UNITS. 83% STAY WITH XCEL FOR 3 YEARS OR MORE. 83% OF ELIGIBLE YOUTH SECURE APPRENTICESHIPS. 98% OF ELIGIBLE YOUTH OBTAIN ENTRY-LEVEL JOBS.

    Expenses $104,395

  • OUR MENTEES' SUCCESS STORIES: 98% ADVANCE TO THE NEXT GRADE LEVEL. 92% COMPLETE LIFE SKILLS TRAINING. 76% ACQUIRE TECHNICAL SKILLS THROUGH MOBILE TRAINING UNITS. 83% STAY WITH XCEL FOR 3 YEARS OR MORE. 83% OF ELIGIBLE YOUTH SECURE APPRENTICESHIPS. 98% OF ELIGIBLE YOUTH OBTAIN ENTRY-LEVEL JOBS.

    Expenses $184,127

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Thomas Rivera

    EXECUTIVE DI

    Total calculated
    $100,000
    From this org
    $100,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Christina Barone

    DIRECTOR OPE

    Total calculated
    $80,000
    From this org
    $80,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jennifer Damico

    DIRECTOR OF

    Total calculated
    $70,000
    From this org
    $70,000
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
1 October 2024
IRS schema version
2023v5.0
Source object
202402899349301735

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