Form 990 for tax year 2023

Filed by SCHOOLS MENTORING & RESOURCE TEAM.

Totals

Total revenue: $2,479,510
Total expenses: $3,469,748
Contributions and grants received: $2,509,900
Grants paid: $0
Program service revenue: $13,975
Investment income: $48,115
Other revenue: -$92,480
Total assets, end of year: $6,537,143
Total liabilities, end of year: $4,015,536
Net assets or fund balances, end of year: $2,521,607
Program services expenses (Part IX): $2,638,057
Management and general expenses: $291,547
Fundraising expenses: $540,144
Program service expenses (Part III): $2,638,057

Program services were 76.0% 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.

1c · Fundraising events

$996,506
1f · All other contributions, gifts and grants

$1,513,394
2a · Program service revenue: FAMILY TUITION

total $13,975 · related or exempt $13,975
3 · Investment income

total $48,115 · related or exempt $48,115
8a · Fundraising events: gross income

$75,942
8a · Fundraising events: contributions included on line 1c

$996,506
8b · Fundraising events: direct expenses

$168,422
8c · Net income from fundraising events

total -$92,480

Functional expenses

Part IX, the statement of functional expenses.

6 · Compensation of disqualified persons

total $166,886 · program services $129,256 · management and general $12,205 · fundraising $25,425
7 · Other salaries and wages

total $1,743,683 · program services $1,350,515 · management and general $127,524 · fundraising $265,644
9 · Other employee benefits

total $153,024 · program services $113,733 · management and general $12,235 · fundraising $27,056
10 · Payroll taxes

total $150,916 · program services $117,372 · management and general $10,845 · fundraising $22,699
11g · Fees: other

total $316,870 · program services $203,662 · management and general $42,385 · fundraising $70,823
13 · Office expenses

total $46,192 · program services $19,455 · management and general $4,218 · fundraising $22,519
16 · Occupancy

total $569,882 · program services $369,330 · management and general $47,997 · fundraising $152,555
17 · Travel

total $119,049 · program services $116,977 · management and general $1,034 · fundraising $1,038
19 · Conferences, conventions and meetings

total $22,603 · program services $14,862 · management and general $3,611 · fundraising $4,130
22 · Depreciation, depletion and amortization

total $29,246 · program services $20,472 · management and general $2,632 · fundraising $6,142
23 · Insurance

total $7,477 · program services $5,234 · management and general $673 · fundraising $1,570
24a · Other expenses: OTHER PROGRAM COSTS

total $117,007 · program services $115,072 · management and general $653 · fundraising $1,282
24b · Other expenses: SUPPLIES

total $87,723 · program services $4,490 · management and general $946 · fundraising $82,287
24c · Other expenses: DUES

total $33,266 · program services $12,233 · management and general $7,550 · fundraising $13,483
24d · Other expenses: RECRUITMENT

total $23,066 · program services $14,554 · management and general $2,396 · fundraising $6,116
24e · All other expenses

total -$117,142 · program services $30,840 · management and general $14,643 · fundraising -$162,625

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $846,308 · end of year $652,248
3 · Pledges and grants receivable

beginning of year $983,100 · end of year $824,451
9 · Prepaid expenses and deferred charges

beginning of year $57,612 · end of year $54,637
10a · Land, buildings and equipment: cost or other basis

$159,534
10b · Land, buildings and equipment: accumulated depreciation

$87,875
10c · Land, buildings and equipment, net

beginning of year $41,203 · end of year $71,659
11 · Investments: publicly traded securities

beginning of year $1,414,279 · end of year $1,151,437
14 · Intangible assets

beginning of year $4,136,117 · end of year $3,593,603
15 · Other assets

beginning of year $227,090 · end of year $189,108
17 · Accounts payable and accrued expenses

beginning of year $92,792 · end of year $104,242
25 · Other liabilities

beginning of year $4,136,117 · end of year $3,911,294
27 · Net assets without donor restrictions

beginning of year $2,692,800 · end of year $2,032,607
28 · Net assets with donor restrictions

beginning of year $784,000 · end of year $489,000

Mission and programs · 2023

Mission

SCHOOLS, MENTORING AND RESOURCE TEAM, INC. PROVIDES TARGETED ACADEMIC AND DEVELOPMENTAL SUPPORT TO HELP STUDENTS SUCCESSFULLY TRANSITION TO HIGHER EDUCATION.

Activities or mission (Part I)

SMART CHAMPIONS EDUCATION EQUITY BY SUPPORTING STUDENTS IN OVERCOMING SYSTEMIC BARRIERS ON THEIR JOURNEY TO A COLLEGE DEGREE.

MIDDLE SCHOOL ACHIEVEMENT PROGRAM (MAP):SCHOOLS, MENTORING AND RESOURCE TEAM,INC.S 32WEEK AFTER SCHOOL PROGRAM EQUIPS SCHOLARS WITH THE SKILLS TO SUCCEED IN SCHOOL AND IN LIFE THROUGH TUTORING, MENTORING, AND A CURRICULUM DESIGNED TO BOLSTER THEM ACADEMICALLY, SOCIALLY, AND EMOTIONALLY. LESSON PLANS ADDRESS ISSUES RELATED TO IDENTITY EXPLORATION, ACADEMIC SKILLS, SOCIAL EMOTIONAL LEARNING AND SELFCARE, HIGH SCHOOL AND COLLEGE PREP, CAREER EXPOSURE, SOCIAL JUSTICE AND LEADERSHIP. THROUGH THE MIDDLE SCHOOL ACHIEVEMENT PROGRAM: 100% OF SCHOLARS RECEIVED SOCIAL, EMOTIONAL AND ACADEMIC SUPPORT; 100% OF EIGHT GRADE SCHOLARS RECEIVED HIGH SCHOOL ENROLLMENT SUPPORT AND GRADUATED FROM MIDDLE SCHOOL.GRADES SERVED 6TH THROUGH 8TH.

Expenses $867,635 · Revenue $13,975
COLLEGE ACHIEVEMENT PROGRAM (CAP):COLLEGE ACHIEVEMENT PROGRAM: THE COLLEGE ACHIEVEMENT PROGRAM ADVANCES SCHOOLS, MENTORING AND RESOURCE TEAM,INC. SCHOLARS THROUGH HIGH SCHOOL GRADUATION AND TOWARDS A COLLEGE EDUCATION. WEEKLY PROGRAMMING SUPPORTS OUR SCHOLARS THROUGH COLLEGE AND CAREER EXPLORATION AND ASSISTS WITH THE COLLEGE AND FINANCIAL AID APPLICATION PROCESSES, WHILE EMPHASIZING COMMUNITY ENGAGEMENT AND SELFADVOCACY. SINCE 2019, SCHOOLS, MENTORING AND RESOURCES TEAM,INC. HAS EXPANDED STUDENT SERVICES TO INCLUDE COMPREHENSIVE COLLEGE PERSISTENCE SUPPORT, INCLUDING COLLEGE AND FINANCIAL AID ADVISING, COLLEGE SUCCESS SUPPORT, AND CAREER AND GRADUATE SCHOOL READINESS.

Expenses $939,868
RECRUITMENT AND SCHOOL ENROLLMENT:SCHOOLS, MENTORING AND RESOURCES TEAM,INC. IDENTIFIES CURIOUS AND MOTIVATED 4TH GRADE STUDENTS WHO HAVE THE DRIVE TO LEARN, BUT FACE BARRIERS TO OPPORTUNITY. STUDENTS ACCEPTED INTO THE PROGRAM COME FROM LOW INCOME HOUSEHOLDS AND WILL BE THE FIRST GENERATION IN THEIR FAMILY TO GRADUATE FROM COLLEGE. ONCE ACCEPTEDINTO THE PROGRAM, SCHOOLS, MENTORING AND RESOURCES TEAM,INC. GUIDES OUR FAMILIES THROUGH THE MIDDLE SCHOOL AND HIGH SCHOOL ENROLLMENT PROCESSES.

Expenses $340,280
SUMMER ACADEMIC ENRICHMENT PROGRAM:SCHOOLS, MENTORING AND RESOURCE TEAM,INC.'S SUMMER ACADEMIC ENRICHMENT PROGRAM SERVES RISING 5TH AND 6TH GRADE STUDENTS TO PREVENT AND REDUCE INSTANCES OF SUMMER LEARNING LOSS, WHILE PROVIDING ENRICHING ACTIVITIES TO DEVELOP AND STRENGTHEN THE POSITIVE BONDS OF YOUTH TO THEIR PEERS AND COMMUNITIES. THE PROGRAMS ACADEMIC CURRICULUM IS CENTERED AROUND LITERACY AND MATH CURRICULA, AND OFFERS ENRICHMENT COURSES IN AREAS SUCH AS SCIENCE, MEDIA, DANCE, CODING, SPORTS AND MORE. FURTHERMORE, EACH FRIDAY SCHOLARS PARTICIPATE IN STEMBASED FIELD TRIPS DESIGNED TO EXPOSE THEM TO THE SCIENCES OUTSIDE OF THE CLASSROOM ENVIRONMENT.

Expenses $490,274

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

Listed in Part VII

Asaf Bar-TuraASAF BAR-TURA

EXECUTIVE DI

Total calculated

$166,886

From this org

$166,886

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$166,886

Bonus

not reported

Other

not reported

Deferred

not reported

Nontaxable benefits

not reported

Filer's total

$166,886
Randy SeriguchiRANDY SERIGUCHI

INTERIM EXEC

Total calculated

$0

Hours/week

40
Mayra Nayeli MartinMAYRA NAYELI MARTIN

SR. DIRECTOR

Total calculated

$114,342

From this org

$114,342

From related orgs

$0

Other

$0

Hours/week

40
Kelly SheaKELLY SHEA

SR. DIRECTOR

Total calculated

$112,849

From this org

$112,849

From related orgs

$0

Other

$0

Hours/week

40
Mary Angela ThomasMARY ANGELA THOMAS

SR. DIRECTOR

Total calculated

$103,104

From this org

$103,104

From related orgs

$0

Other

$0

Hours/week

40
Lisa FarmerLISA FARMER

BOARD CHAIR

Total calculated

$0

Hours/week

5
Aroon RamadossAROON RAMADOSS

VICE CHAIR

Total calculated

$0

Hours/week

5
Sandy ZweifachSANDY ZWEIFACH

TREASURER

Total calculated

$0

Hours/week

5
Carey LifschultzCAREY LIFSCHULTZ

SECRETARY

Total calculated

$0

Hours/week

5
Anne BergerANNE BERGER

DIRECTOR

Total calculated

$0

Hours/week

5
Claudia RivasCLAUDIA RIVAS

DIRECTOR

Total calculated

$0

Hours/week

5
Cory MickelsCORY MICKELS

DIRECTOR

Total calculated

$0

Hours/week

5
Eden GodsoeEDEN GODSOE

DIRECTOR

Total calculated

$0

Hours/week

5
Frank MongFRANK MONG

DIRECTOR

Total calculated

$0

Hours/week

5
Jeffrey GrayJEFFREY GRAY

DIRECTOR

Total calculated

$0

Hours/week

5
Jennifer JarrettJENNIFER JARRETT

DIRECTOR

Total calculated

$0

Hours/week

5
John BallJOHN BALL

DIRECTOR

Total calculated

$0

Hours/week

5
Kate GarrettKATE GARRETT

DIRECTOR

Total calculated

$0

Hours/week

5
Laticia ErvingLATICIA ERVING

DIRECTOR

Total calculated

$0

Hours/week

5
Lori Hamilton DurbinLORI HAMILTON DURBIN

DIRECTOR

Total calculated

$0

Hours/week

5
Maria LukensMARIA LUKENS

DIRECTOR

Total calculated

$0

Hours/week

5
Martin Encinas LeonMARTIN ENCINAS LEON

DIRECTOR

Total calculated

$0

Hours/week

5
Maya SegalMAYA SEGAL

DIRECTOR

Total calculated

$0

Hours/week

5
Mike MuscolinoMIKE MUSCOLINO

DIRECTOR

Total calculated

$0

Hours/week

5
Roger LeeROGER LEE

DIRECTOR

Total calculated

$0

Hours/week

5
Stacy PerrySTACY PERRY

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. 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 · Written employment contract
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: 2023
Filed: 15 May 2025
IRS schema version: 2023v6.0
Source object: 202531359349304798

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