Torchlight Youth Mentoring Alliance
- Assets
- $132.3k
- Revenue
- $512.4k
- Investments
- $0.0
- Employees
- 11
- Location
- Painesville, OH
- Founding
- 10/1994
- Data as of
- 06/2022
- EIN
- 34-1753916
Organization Overview
Torchlight Youth Mentoring Alliance is located in Painesville, OH. The organization was established in 1994. According to its NTEE Classification (O31) the organization is classified as: Big Brothers & Big Sisters, under the broad grouping of Youth Development and related organizations. As of 06/2022, Torchlight Youth Mentoring Alliance employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Torchlight Youth Mentoring Alliance 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 06/2022, Torchlight Youth Mentoring Alliance generated $512.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $547.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 6 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ONGOING PROGRAM WHOSE PURPOSE IS TO FOSTER THE DEVELOPMENT OF CHILDREN FROM PRIMARILY SINGLE-PARENT FAMILIES IN LAKE, GEAUGA AND ASHTABULA COUNTIES IN REACHING THEIR HIGHEST POTENTIAL AS RESPONSIBLE AND CARING ADULTS. THE ORGANIZATION PROVIDES QUALITY VOLUNTEER MENTORING RELATIONSHIPS WITH A SUPPORTIVE ADULT, AND EDUCATIONAL PROGRAMS WHICH ARE SUPERVISED BY THE ORGANIZATION'S PROFESSIONAL STAFF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONGOING PROGRAM OF MATCHING ADULT VOLUNTEERS WITH CHILDREN OF SINGLE-PARENT HOMES WITHIN NORTHEASTERN OHIO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caryn Avante President | OfficerTrustee | $0 | |
Jennie Best Trustee | Trustee | $0 | |
John Forbes Trustee | Trustee | $0 | |
Lisa Klammer Vice Preside | OfficerTrustee | $0 | |
James Kolenc Trustee | Trustee | $0 | |
Michael Kostelnik Treasurer | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $347,383 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,490 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $428,873 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $78,913 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $512,408 |
| 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. | $60,711 |
| Compensation of current officers, directors, key employees. | $9,106 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $234,611 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,067 |
| Payroll taxes | $24,930 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,512 |
| Office expenses | $11,389 |
| Information technology | $5,590 |
| Royalties | $0 |
| Occupancy | $38,118 |
| Travel | $4,055 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,188 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $589 |
| Insurance | $10,826 |
| All other expenses | $13,040 |
| Total functional expenses | $547,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,458 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $47,459 |
| Accounts receivable, net | $0 |
| 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 | $8,866 |
| Net Land, buildings, and equipment | $7,078 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $400 |
| Total assets | $132,261 |
| Accounts payable and accrued expenses | $132,135 |
| Grants payable | $0 |
| Deferred revenue | $10,852 |
| 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 | $142,987 |
| Net assets without donor restrictions | -$10,726 |
| Net assets with donor restrictions | $0 |
| 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 | $132,261 |