Torchlight Youth Mentoring Alliance
- Assets
- $130.1k
- Revenue
- $531.5k
- Investments
- $0.0
- Employees
- 14
- Location
- Painesville, OH
- Founding
- 10/1994
- Data as of
- 06/2021
- 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 06/2021, Torchlight Youth Mentoring Alliance employed 14 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 06/2021, Torchlight Youth Mentoring Alliance generated $531.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $476.8k during the year ending 06/2021. 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
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 |
|---|---|---|---|
Tim Kehres Executive Di | Officer | 40 | $45,000 |
Caryn Avante President | OfficerTrustee | 1 | $0 |
Michael Kostelnik Treasurer | OfficerTrustee | 1 | $0 |
Lisa Klammer Vice Preside | OfficerTrustee | 1 | $0 |
Judy Venaleck Secretary | OfficerTrustee | 1 | $0 |
Tia Lawrence Executive Di | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $344,884 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,077 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $391,961 |
| 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 | $75,542 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $531,476 |
| 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. | $45,000 |
| Compensation of current officers, directors, key employees. | $6,435 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $248,030 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,973 |
| Payroll taxes | $23,915 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,088 |
| Office expenses | $9,209 |
| Information technology | $5,327 |
| Royalties | $0 |
| Occupancy | $35,829 |
| Travel | $485 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $722 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $642 |
| Insurance | $12,311 |
| All other expenses | $3,613 |
| Total functional expenses | $476,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,389 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,108 |
| 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 | $6,658 |
| Net Land, buildings, and equipment | $527 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $400 |
| Total assets | $130,082 |
| Accounts payable and accrued expenses | $102,761 |
| 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 | $102,761 |
| Net assets without donor restrictions | $27,321 |
| 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 | $130,082 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Torchlight Youth Mentoring Alliance has recieved totaling $18,295.
| Awarding Organization | Amount |
|---|---|
United Way Of Lake County Inc Mentor, OH PURPOSE: PROGRAM SUPPORT | $15,000 |
Phyllis H & Wm H Evans Charitable Foundation Mnu-013bf331006 Willoughby Hills, OH PURPOSE: GENERAL SUPPORT | $1,500 |
Susan And John Turben Foundation John F Turben Ttee Beachwood, OH PURPOSE: CHARITABLE PURPOSE | $1,000 |
Equitable Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $650 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $145 |