Totals
- Total revenue
- $127,210
- Total expenses
- $184,487
- Contributions and grants received
- $33,555
- Grants paid
- $0
- Program service revenue
- $88,900
- Investment income
- $4,755
- Other revenue
- $0
- Total assets, end of year
- $206,709
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $206,709
- Program services expenses (Part IX)
- $174,742
- Management and general expenses
- $9,745
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $174,742
Program services were 94.7% 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
$33,555
-
2a · Program service revenue: MENTOR TRAINING
total $88,900 · related or exempt $88,900
-
3 · Investment income
total $4,755 · excluded $4,755
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $43,680 · program services $43,680
-
10 · Payroll taxes
total $1,920 · program services $1,920
-
11c · Fees: accounting
total $1,650 · management and general $1,650
-
11g · Fees: other
total $102,298 · program services $102,192 · management and general $106
-
12 · Advertising and promotion
total $17,275 · program services $17,275
-
13 · Office expenses
total $5,529 · program services $3,949 · management and general $1,580
-
17 · Travel
total $1,846 · program services $125 · management and general $1,721
-
19 · Conferences, conventions and meetings
total $6,763 · program services $4,169 · management and general $2,594
-
23 · Insurance
total $1,951 · management and general $1,951
-
24a · Other expenses: DUES AND SUBSCRIPTI0N
total $991 · program services $848 · management and general $143
-
24b · Other expenses: PAYROLL PROCESSING
total $584 · program services $584
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $263,986 · end of year $5,687
-
2 · Savings and temporary cash investments
end of year $201,022
-
27 · Net assets without donor restrictions
beginning of year $263,986 · end of year $206,709
Mission and programs · 2023
Mission
VMT CONNECTS ENTREPRENEURS WITH EXPERIENCED MENTORS TO SUPPORT THEIR BUSINESS GROWTH AND DEVELOPMENT. OUR TEAM OF OVER 250 CERTIFIED VOLUNTEER MENTORS OPERATES UNDER A STRICT CODE OF CONDUCT AND PROVIDES GUIDANCE IN AREAS SUCH AS BUSINESS STRATEGY, FUNDRAISING, AND OPERATIONS THROUGH STRUCTURED TEAM MENTORING SESSIONS. THE VMT AIMS TO CREATE A SAFE, INCLUSIVE, AND SUPPORTIVE ENVIRONMENT WHERE ENTREPRENEURS CAN ACCESS THE RESOURCES AND EXPERTISE THEY NEED TO SUCCEED.
Activities or mission (Part I)
THE VENTURE MENTORING TEAM (VMT) IS A 501(C)(3) EDUCATIONAL NON-PROFIT ORGANIZATION DEDICATED TO PROVIDING FREE MENTORING SERVICES TO STARTUP FOUNDERS AND UNDERSERVED SMALL BUSINESS OWNERS. ESTABLISHED IN 2017, VMT CONNECTS ENTREPRENEURS WITH EXPERIENCED MENTORS TO SUPPORT THEIR BUSINESS GROWTH AND DEVELOPMENT. OUR TEAM OF OVER 250 CERTIFIED VOLUNTEER MENTORS OPERATES UNDER A STRICT CODE OF CONDUCT AND PROVIDES GUIDANCE IN AREAS SUCH AS BUSINESS STRATEGY, FUNDRAISING, AND OPERATIONS THROUGH STRUCTURED TEAM MENTORING SESSIONS. THE VMT AIMS TO CREATE A SAFE, INCLUSIVE, AND SUPPORTIVE ENVIRONMENT WHERE ENTREPRENEURS CAN ACCESS THE RESOURCES AND EXPERTISE THEY NEED TO SUCCEED.
-
THE VMT OPERATES MENTORING CHAPTERS HOSTED BY COMMUNITY PARTNERS LIKE UNIVERSITIES AND ECONOMIC DEVELOPMENT ORGANIZATIONS. WE OFFER A COMPREHENSIVE MENTORING PROGRAM THAT INCLUDES EXTENSIVE MENTOR TRAINING AND CERTIFICATION, ONGOING SUPPORT, AND RESOURCES FOR BOTH MENTORS AND MENTEES. OUR MENTORS VOLUNTEER THEIR TIME TO HELP ENTREPRENEURS NAVIGATE THE CHALLENGES OF BUILDING AND SCALING THEIR BUSINESSES. THE VMT ALSO ENGAGES IN COLLABORATIVE FUNDRAISING AND PROVIDES GRANT WRITING SUPPORT TO HELP OUR CHAPTERS SECURE NECESSARY FUNDING.SINCE OUR INCEPTION, WE HAVE SUCCESSFULLY MENTORED OVER ONE THOUSAND STARTUPS AND SMALL BUSINESSES, HELPING THEM ACHIEVE SUSTAINABILITY AND GROWTH. OUR MENTORING APPROACH HAS CONTRIBUTED TO JOB CREATION AND ECONOMIC DEVELOPMENT WITHIN THE COMMUNITIES WE SERVE.THE VMT'S OPERATIONS ARE FUNDED THROUGH PROGRAM FEES, DONATIONS, AND GRANTS FROM OUR COMMUNITY PARTNERS INCLUDING UNIVERSITIES, FOUNDATIONS, GOVERNMENT AND CORPORATE SPONSORS. IN SELECT SITUATIONS, WE DEFER FEES TO ENABLE PARTNERS TO LAUNCH NEW CHAPTERS PRIOR TO SECURING FUNDING.
Expenses $174,742 · Revenue $88,900
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Robert NelsonROBERT NELSON
CEO
- Total calculated
- $0
- Hours/week
- 60
-
Jim RyanJIM RYAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Tom MerschTOM MERSCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
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
- 18 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412969349300926
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