Silver Lining Mentoring Inc
- Assets
- $4.3m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 22
- Location
- Boston, MA
- Founding
- 05/2003
- Data as of
- 12/2021
- EIN
- 04-3575764
Organization Overview
Silver Lining Mentoring Inc is located in Boston, MA. The organization was established in 2003. According to its NTEE Classification (O30) the organization is classified as: Adult & Child Matching Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Silver Lining Mentoring Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Silver Lining Mentoring 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 12/2021, Silver Lining Mentoring Inc generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 14.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SILVER LINING MENTORING'S MISSION IS TO EMPOWER YOUTH IMPACTED BY FOSTER CARE TO FLOURISH THROUGH COMMITTED MENTORING RELATIONSHIPS AND THE DEVELOPMENT OF ESSENTIAL LIFE SKILLS. SILVER LINING MENTORING (SLM) IS THE ONLY MENTORING ORGANIZATION IN MASSACHUSETTS THAT EXCLUSIVELY SERVES YOUTH IN FOSTER CARE. THE YOUNG PEOPLE SERVED BY SLM HAVE BEEN REMOVED FROM THEIR HOMES DUE TO ABUSE AND/OR NEGLECT AND FACE FREQUENT CHANGES IN RESIDENTIAL PROGRAMS, SCHOOLS, COMMUNITIES AND CAREGIVERS. SLM'S VOLUNTEER MENTORS ARE OFTEN THE ONLY ADULTS IN FOSTER YOUTH'S LIVES WHO ARE NOT PAID TO SPEND TIME WITH THEM.SILVER LINING MENTORING SERVES YOUTH AGES 7 AND OLDER THROUGH MENTORS, A COMMUNITY BASED ONE-TO-ONE MENTORING PROGRAM AND THROUGH LEADERS, A LIFE-SKILLS PROGRAM FOR YOUNG PEOPLE AGES 14 AND OLDER WHO ARE PREPARING TO "AGE OUT" OF THE CHILD WELFARE SYSTEM. BOTH PROGRAMS ARE BACKED BY SILVER LINING'S TEAM OF CLINICALLY TRAINED, MASTERS LEVEL PROGRAM STAFF WHO HAVE POPULATION-SPECIFIC EXPERTISE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITY BASED MENTORING PROGRAM MATCHES YOUTH IMPACTED BY FOSTER CARE IN A ONE-TO-ONE MENTORING RELATIONSHIP WITH A VOLUNTEER ADULT. THE PROGRAM MAINTAINS ITS REPUTATION FOR PRECEDENT-SETTING OUTCOMES AS SILVER LINING MENTORING'S AVERAGE MENTOR-MENTEE MATCH LENGTH OF OVER THREE YEARS IS MORE THAN TWICE THE NATIONAL AVERAGE OF 1.5 YEARS.
LEARN & EARN IS AN INTENSIVE 12-WEEK LIFE SKILLS CURRICULUM, DURING WHICH YOUTH, THEIR MENTORS, AND SLM STAFF MEET WEEKLY FOR TWO HOURS TO WORK ON SKILLS SUCH AS BUDGETING, RESUME-WRITING, BANKING, FINANCIAL LITERACY, INTERVIEW SKILLS AND MORE. YOUTH EARN A STIPEND FOR EACH CURRICULUM COMPONENT THEY SUCCESSFULLY COMPLETE ALLOWING YOUTH TO BUILD ASSETS TO SUPPORT THEIR TRANSITION TO ADULTHOOD. WITH THIS EARNED MONEY YOUTH HAVE PAID RENT, COLLEGE TUITION, AND PURCHASED LAPTOPS FOR SCHOOLWORK AND PROFESSIONAL CLOTHING, MEETING CRITICAL NEEDS FOR ADULTHOOD.
SILVER LINING ROUTINELY RECEIVES INQUIRIES FROM ORGANIZATIONS ACROSS THE COUNTRY SEEKING TO LEARN HOW TO SUPPORT YOUNG PEOPLE IN FOSTER CARE. IN RESPONSE TO THIS DEMAND, THE SILVER LINING INSTITUTE (SLI) WAS LAUNCHED IN LATE 2019 AS THE NATIONAL THOUGHT LEADERSHIP DIVISION OF SILVER LINING MENTORING. SLI PROVIDES CUSTOMIZED TRAINING AND TECHNICAL ASSISTANCE WITH THE GOAL OF INCREASING ACCESS TO HIGH QUALITY MENTORING FOR YOUTH IN FOSTER CARE. THE INSTITUTE ALSO ENGAGES IN SYSTEMS CHANGE ADVOCACY AND MOVEMENT BUILDING WORK TO ENSURE THAT PROVIDERS, POLICY MAKERS AND LAYPEOPLE UNDERSTAND THAT MENTORING RELATIONSHIPS ARE AN ESSENTIAL PART OF HEALTHY DEVELOPMENT FOR YOUTH IN FOSTER CARE. SLI PROVIDES THOUGHT LEADERSHIP ON THE NEEDS OF YOUTH IN CARE, THE IMPACT OF MENTORING, AND BEST PRACTICES TO ENSURE THAT MORE YOUTH IN FOSTER CARE NATIONWIDE CAN BENEFIT FROM LONG TERM MENTORING RELATIONSHIPS AND THE SUPPORT THEY NEED TO THRIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colby Swettberg Chief Executive Officer | Officer | 40 | $168,882 |
Barbara Best Executive Director (until 10/2021) | 40 | $124,526 | |
Alaina Rosenberry Deputy Director | 40 | $106,268 | |
Jim Ricciuti Director Of Development | 40 | $101,650 | |
Anne Bowie Chair | OfficerTrustee | 2 | $0 |
Scott Knox Vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,500 |
| Membership dues | $0 |
| Fundraising events | $516,345 |
| Related organizations | $0 |
| Government grants | $347,441 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,168,869 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,034,155 |
| Total Program Service Revenue | $36,710 |
| Investment income | $802 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$33,657 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,038,495 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $199,357 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,423,104 |
| Pension plan accruals and contributions | $26,271 |
| Other employee benefits | $111,493 |
| Payroll taxes | $131,653 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,964 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $156,508 |
| Advertising and promotion | $0 |
| Office expenses | $12,413 |
| Information technology | $46,141 |
| Royalties | $0 |
| Occupancy | $115,061 |
| Travel | $655 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $871 |
| Insurance | $13,170 |
| All other expenses | $0 |
| Total functional expenses | $2,342,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,111,533 |
| Savings and temporary cash investments | $2,407,348 |
| Pledges and grants receivable | $708,420 |
| Accounts receivable, net | $11,882 |
| 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 | $22,518 |
| 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 | $4,261,701 |
| Accounts payable and accrued expenses | $85,708 |
| Grants payable | $0 |
| Deferred revenue | $2,377 |
| 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 | $88,085 |
| Net assets without donor restrictions | $2,870,600 |
| Net assets with donor restrictions | $1,303,016 |
| 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 | $4,261,701 |
Grants Recieved
Over the last fiscal year, we have identified 37 grants that Silver Lining Mentoring Inc has recieved totaling $1,274,023.
| Awarding Organization | Amount |
|---|---|
Wellington Management Foundation Boston, MA PURPOSE: See Part IV | $365,000 |
The Devonshire Foundation Inc Boston, MA PURPOSE: YW BOSTONS THREE-YEAR MULTI-YEAR GRANT SUPPORTS DOUBLING INCLUSIONBOSTONS PROGRAM REVENUE, AND ENABLING YW TO INCREASE THE NUMBER OF ORGANIZATIONS THAT PARTICIPATE IN INCLUSIONBOSTON BY AT LEAST 100%. THIS FUNDING INCLUDES OPPORTUNITIES TO LEVERAGE OUR FUNDING THROUGH MATCHING GRANTS. | $190,000 |
Liberty Mutual Foundation Inc Boston, MA PURPOSE: INTEGRATED SERVICE MODEL | $125,000 |
Collatos Family Foundation Millis, MA PURPOSE: UNRESTRICTED | $60,000 |
The 1434 Foundation Inc Boston, MA PURPOSE: CHARITABLE | $50,000 |
Rands Foundation Westwood, MA PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Endowment Analysis
| Beg. Balance | $480,000 |
| Ending Balance | $480,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Mentoring Partnership Incorporated Boston, MA | $15,815,065 | $18,909,132 |
Silver Lining Mentoring Inc Boston, MA | $4,261,701 | $3,038,495 |
Friends Program Inc Concord, NH | $938,753 | $1,422,395 |
Science Club For Girls Inc Cambridge, MA | $2,221,608 | $1,390,513 |
Community Partners For Youth Inc Rochester, NY | $1,076,647 | $1,233,499 |
Long Island Youth Mentoring Inc Brentwood, NY | $1,520,723 | $799,719 |
Mentoring Partnership Of New York Inc New York, NY | $785,853 | $1,026,063 |
Girl Vow Inc Bronx, NY | $540,421 | $472,157 |
Buffalo & Western New York Junior Soccer League Cheektowaga, NY | $131,464 | $246,367 |
Ace Mentor Program Of America Inc Wakefield, MA | $542,374 | $271,252 |
Miracle League Of Connecticut Inc West Hartford, CT | $419,819 | $200,658 |
Generation Two Creating Intergenerational Friendships Inc Rochester, NY | $40,414 | $0 |