The Mentor Network Charitable Foundation Inc
- Assets
- $1.1m
- Revenue
- $42.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 06/2006
- Data as of
- 09/2022
- EIN
- 20-4935290
Organization Overview
The Mentor Network Charitable Foundation Inc is located in Boston, MA. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mentor Network Charitable Foundation 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 09/2022, Mentor Network Charitable Foundation Inc generated $42.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $314.7k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mentor Network Charitable Foundation Inc has awarded 46 individual grants totaling $680,500. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Mckinney President & Trustee | 1 | $0 | |
Whitney Shufelt Executive Director | 1 | $0 | |
Jennifer Neville Clerk | 1 | $0 | |
Narda Shutt Assistant Treasurer | 1 | $0 | |
Brett I Cohen Trustee | 1 | $0 | |
Chris Kozakis Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $22,107 |
| Dividends & Interest | $20,820 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $42,927 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,280 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,677 |
| Contributions, gifts, grants paid | $300,000 |
| Total expenses and disbursements | $314,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,600 |
| Savings and temporary cash investments | $978,348 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,126,948 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Mentor Network Charitable Foundation Inc has awarded $300,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL INCLUSION PROJECT PURPOSE: TO SUPPORT THE SECOND YEAR OF ITS ONLINE CERTIFICATE IN INCLUSIVE RECREATION | $50,000 |
Washington, DC PURPOSE: TO SUPPORT THE HEALTHY COMMUNITIES INCLUSIVE HEALTH PROGRAM WITH ITS DIGITIZATION EFFORTS | $50,000 |
OAK HILL PURPOSE: TO SUPPORT THE LAUNCH OF A CRISIS FUND FOR VICTIMS WITH COMMUNICATION CHALLENGES AND FIRST RESPONDER TRAINING OF AUGMENTATIVE ALTERNATIVE COMMUNICATION | $40,000 |
RESPECTABILITY PURPOSE: TO SUPPORT TWO APPRENTICES COMPLETE ITS NATIONAL LEADERSHIP PROGRAM FOR ADULTS WITH DISABILITIES | $40,000 |
KIDPOWER TEENPOWER FULLPOWER PURPOSE: TO SUPPORT ITS TRAUMA TO THRIVING SOCIAL EMOTIONAL HEALTH PROGRAM FOR VULNERABLE CHILDREN AND ADULTS WITH IDD | $30,000 |
Northbridge, MA PURPOSE: TO SUPPORT FUNDING FOR EXPERIENCES FOR YOUTH ENGAGED IN THE CHILD WELFARE SYSTEM IN MA | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Steven & Alexandra Cohen Foundation Inc Stamford, CT | $524,605,658 | $98,007,018 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |
Paul E Singer Foundation New York, NY | $412,018,579 | $19,273,091 |
Bernard And Anne Spitzer Charitable Tr New York, NY | $0 | $17,565,686 |