Mentor Vermont Inc
- Assets
- $197.7k
- Revenue
- $880.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Burlington, VT
- Founding
- 07/2003
- Data as of
- 06/2023
- EIN
- 02-0658483
Organization Overview
Mentor Vermont Inc is located in Burlington, VT. The organization was established in 2003. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Mentor Vermont Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mentor Vermont Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Mentor Vermont Inc generated $880.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $901.8k during the year ending 06/2023. While expenses have increased by 8.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mentor Vermont Inc has awarded 145 individual grants totaling $3,487,432. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWERING YOUTH BY PROVIDING SUPPORT AND RESOURCES TO THE YOUTH MENTORING FIELD IN VERMONT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCREASING SUSTAINABLE INVESTMENT IN MENTORING: BUILDING AWARENESS AND ESTABLISHING MEANINGFUL PARTNERSHIPS WITH A DIVERSE ARRAY OF CHANGEMAKERS TO SHARE IN THE ADVANCEMENT OF MENTORING AND SECURE THE NECESSARY FUNDING TO BUILD MENTORING CAPACITY AND MEET COMMUNITY NEEDS. MENTOR VERMONT PROVIDES GRANTS TO NON-PROFIT AGENCIES, SCHOOL DISTRICTS, AND SUPERVISORY UNIONS TO ESTABLISH NEW YOUTH MENTORING OPPORTUNITIES IN UNDERSERVED AREAS OF VERMONT, AND TO SUPPORT EXISTING MENTORING PROGRAMS IN INCREASING THE NUMBER OF MENTOR MATCHES SERVED AND THE QUALITY OF THEIR PROGRAMMING.
ENHANCING PUBLIC WILL:MOTIVATING CIVIC LEADERS, EMPLOYERS, AND INDIVIDUAL STAKEHOLDERS TO PRIORITIZE AND PARTICIPATE IN ENSURING ALL YOUNG PEOPLE HAVE ACCESS TO SUPPORTIVE MENTORING RELATIONSHIPS THROUGHOUT VERMONT. MENTOR VERMONT SPEARHEADS LOCAL, REGIONAL, AND STATEWIDE EFFORTS TO RAISE PUBLIC AWARENESS OF THE BENEFITS OF MENTORING AND THE NEED FOR MORE VOLUNTEERS. THIS INCLUDES CONDUCTING MEDIA OUTREACH, ASSISTING PROGRAMS WITH THEIR PUBLIC RELATIONS EFFORTS, IMPLEMENTING AN ANNUAL MENTORING CELEBRATION AT THE VERMONT STATEHOUSE DURING NATIONAL MENTORING MONTH, LEADING LOCAL AND NATIONAL ADVOCACY EFFORTS, AND COLLABORATING WITH THE MENTOR AFFILIATE NETWORK.
PROGRAM SUPPORT AND RESOURCES: MENTOR VERMONT PROVIDES TECHNICAL ASSISTANCE FOR MENTORING PROGRAMS TO SUPPORT THEM IN MEETING NATIONALLY-RECOGNIZED BEST PRACTICES. MENTOR VERMONT ANNUALLY CONVENES THE VERMONT MENTORING SYMPOSIUM, A STATEWIDE PROFESSIONAL DEVELOPMENT CONFERENCE FOR MENTORING PROGRAM STAFF. MENTOR VERMONT ALSO OFFERS A RANGE OF RESOURCES INCLUDING A DIRECTORY OF ALL VERMONT MENTORING PROGRAMS, A PROGRAM MANAGEMENT DATABASE, A MENTOR DISCOUNT CARD, A STANDARDIZED SURVEY SYSTEM FOR MENTORS/MENTEES, AND WORKS WITH PROGRAMS TO DEVELOP AN INFRASTRUCTURE THAT ALLOWS MENTOR MATCHES TO CONTINUE MEETING THROUGH THE MENTEE'S HIGH SCHOOL GRADUATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberley Diemond Director | Trustee | 1 | $0 |
Andrea Haddad Director | Trustee | 1 | $0 |
Nate Formalarie President | OfficerTrustee | 1 | $0 |
Christine Ariemma Director (former 7/6/22) | Trustee | 1 | $0 |
Vijay Desai Director (former 1/10/23) | Trustee | 1 | $0 |
Chris Hultquist Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $431,735 |
| All other contributions, gifts, grants, and similar amounts not included above | $352,323 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $784,058 |
| Total Program Service Revenue | $49,857 |
| Investment income | $872 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $45,299 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $880,086 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $457,925 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $90,150 |
| Compensation of current officers, directors, key employees. | $32,508 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $159,550 |
| Pension plan accruals and contributions | $7,454 |
| Other employee benefits | $37,681 |
| Payroll taxes | $18,478 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,220 |
| Fees for services: Lobbying | $25,204 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,230 |
| Advertising and promotion | $30,517 |
| Office expenses | $0 |
| Information technology | $15,498 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,454 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,223 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,159 |
| All other expenses | -$9,888 |
| Total functional expenses | $901,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,445 |
| Savings and temporary cash investments | $11,552 |
| Pledges and grants receivable | $105,962 |
| Accounts receivable, net | $20,776 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $197,735 |
| Accounts payable and accrued expenses | $70,828 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $70,828 |
| Net assets without donor restrictions | $94,107 |
| Net assets with donor restrictions | $32,800 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $197,735 |
Grants Awarded
Over the last fiscal year, Mentor Vermont Inc has awarded $434,825 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
EVERYBODY WINS VERMONT PURPOSE: General program support | $50,000 |
DREAM PURPOSE: General program support | $102,670 |
MILTON COMM YOUTH COALITION PURPOSE: General program support | $7,750 |
CHAMPLAIN VALLEY SCHOOL DISTR PURPOSE: General Program support | $20,100 |
FRANKLIN COUNTY CARING COMMUNITIES PURPOSE: General program support | $8,000 |
KING STREET YOUTH CENTER PURPOSE: General program support | $20,000 |