Lafayette Mentors Inc
- Assets
- $2.7m
- Revenue
- $861.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Lafayette, IN
- Founding
- 03/2015
- Data as of
- 12/2023
- EIN
- 46-4339962
Organization Overview
Lafayette Mentors Inc is located in Lafayette, IN. The organization was established in 2015. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Lafayette Mentors Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lafayette Mentors 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 12/2023, Lafayette Mentors Inc generated $861.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $179.4k during the year ending 12/2023. While expenses have increased by 4.2% per year over the past 8 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE DIRECT MENTORING SERVICES TO AT RISK YOUTH IN GREATER LAFAYETTE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael R Zeman CEO | 0 | $0 | |
Eric Zeman President | 0 | $35,397 | |
Laura Zeman Member | 0 | $0 | |
Pat Salazar Secretary | 0 | $0 | |
Sarah Price Member | 0 | $0 | |
Vicki Pearl Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $840,400 |
| Interest on Savings | $3,933 |
| Dividends & Interest | $0 |
| 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 | $17,175 |
| Other Income | $64 |
| Total Revenue | $861,572 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,397 |
| Other employee salaries and wages | $86,384 |
| Pension plans, employee benefits | $13,398 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $1,916 |
| Occupancy | $14,183 |
| Travel, conferences, and meetings | $4,568 |
| Printing and publications | $0 |
| Other expenses | $21,055 |
| Total operating and administrative expenses | $179,388 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $179,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,340 |
| Savings and temporary cash investments | $3,692 |
| 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 | $82,818 |
| Other assets | $2,480,273 |
| Total assets | $2,681,123 |
| 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 | $4,179 |
| Total liabilities | $4,179 |