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Nonprofiteer
← MEDTECH AND BIOTECH VETERANS PROGRAM INC

Form 990 for tax year 2023

Filed by MEDTECH AND BIOTECH VETERANS PROGRAM INC.

Totals

Total revenue
$299,203
Total expenses
$354,369
Contributions and grants received
$298,030
Grants paid
$0
Program service revenue
$1,173
Investment income
$0
Other revenue
$0
Total assets, end of year
$91,499
Total liabilities, end of year
$24,826
Net assets or fund balances, end of year
$66,673
Program services expenses (Part IX)
$311,017
Management and general expenses
$36,177
Fundraising expenses
$7,175
Program service expenses (Part III)
$311,017

Program services were 87.8% 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.

  • 1b · Membership dues

    $334

  • 1f · All other contributions, gifts and grants

    $297,696

  • 2a · Program service revenue: Credit Discounts

    total $1,173 · related or exempt $1,173

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $126,067 · program services $100,853 · management and general $18,911 · fundraising $6,303

  • 9 · Other employee benefits

    total $7,800 · program services $6,240 · management and general $1,170 · fundraising $390

  • 10 · Payroll taxes

    total $9,644 · program services $7,715 · management and general $1,447 · fundraising $482

  • 11c · Fees: accounting

    total $4,428 · management and general $4,428

  • 11g · Fees: other

    total $36,201 · program services $36,201

  • 12 · Advertising and promotion

    total $128,889 · program services $128,889

  • 13 · Office expenses

    total $8,364 · management and general $8,364

  • 17 · Travel

    total $26,869 · program services $26,869

  • 24a · Other expenses: License and Fees

    total $1,456 · management and general $1,456

  • 24b · Other expenses: Bank Fees

    total $401 · management and general $401

  • 24c · Other expenses: Security

    total $4,250 · program services $4,250

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $130,383 · end of year $91,499

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,338 · end of year $8,510

  • 24 · Unsecured notes and loans payable

    beginning of year $4,206 · end of year $16,316

  • 27 · Net assets without donor restrictions

    beginning of year $121,839 · end of year $66,673

Mission and programs · 2023

Mission

Reduce veteran unemployment via training and mentoring. Assist and prepare transitioning military veterans for meaningful employment in life science companies.

  • Conduct veteran career workshops in partnership with life science corporate partners to connect veterans with industry mentors and associated HR/TA professionals to explore employment opportunities. Attend regionally and nationally recognized veteran service organization events to inform and educate student veterans, active-duty transition veterans, local veterans as well as life science companies and related industry associations on the value (a veterans skills and federal regulatory & compliance benefits) of including and diversifying their workforce with veteran talent.

    Expenses $159,858

  • Workshops to join veterans, mentors, and facilitators for training in the Life Science industry, employment skills training, and mentorship.

    Expenses $114,959

  • Bring transitioning veterans, life science industry mentors, and life science companies together, through a collaborative web portal that provides individual job matching with partner companies, personalized mentoring matching opportunities for registered members, online learning & training with educational partners STEAMBeyond and PsychArmor, as well as a member map, newsletters and events.

    Expenses $36,200

As filed on the 2023 return.

Listed in Part VII

  • Amy Reiter

    Director of Operations

    Total calculated
    $81,400
    From this org
    $81,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Jeanne Miller

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Ann Holder

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Scott Whitaker

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Rami Nuwayhid

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Joeseph Mullings

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Gregory Gadson

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Michael Minogue

    Founder

    Total calculated
    $0
    Hours/week
    1
  • Derek Herrera

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Michael D Grice

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Patrice Sutherland

    Chairwoman of the Board

    Total calculated
    $0
    Hours/week
    1
  • John DeBlasio

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Robert Neuner

    Treasurer

    Total calculated
    $0
    Hours/week
    1

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
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349328903

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