Medtech And Biotech Veterans Program Inc
- Assets
- $120.4k
- Revenue
- $208.5k
- Investments
- $0.0
- Employees
- 1
- Location
- South Hamilton, MA
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 46-5019277
Organization Overview
Medtech And Biotech Veterans Program Inc is located in South Hamilton, MA. The organization was established in 2014. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medtech And Biotech Veterans Program 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, Medtech And Biotech Veterans Program Inc generated $208.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $186.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
REDUCE VETERAN UNEMPLOYMENT VIA TRAINING AND MENTORING. ASSIST AND PREPARE TRANSITIONING MILITARY VETERANS FOR MEANINGFUL EMPLOYMENT IN LIFE SCIENCE COMPANIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKSHOPS TO JOIN VETERANS, MENTORS, AND FACILITATORS FOR TRAINING IN THE LIFE SCIENCE INDUSTRY, EMPLOYMENT SKILLS TRAINING, AND MENTORSHIP.
BRING TRANSITIONING VETERANS, LIFE SCIENCE INDUSTRY MENTORS, AND LIFE SCIENCE COMPANIES TOGETHER, THROUGH A COLLABORATIVE WEB PORTAL THAT PROVIDES INDIVIDUAL JOB MATCHING WITH PARTNER COMPANIES, PERSONALIZED MENTORING MATCHING OPPORTUNITIES FOR REGISTERED MEMBERS, ONLINE LEARNING & TRAINING WITH EDUCATIONAL PARTNERS STEAMBEYOND AND PSYCHARMOR, AS WELL AS A MEMBER MAP, NEWSLETTERS AND EVENTS.
CONDUCT VETERAN CAREER WORKSHOPS IN PARTNERSHIP WITH LIFE SCIENCE CORPORATE PARTNERS TO CONNECT VETERANS WITH INDUSTRY MENTORS AND ASSOCIATED HR/TA PROFESSIONALS TO EXPLORE EMPLOYMENT OPPORTUNITIES. ATTEND REGIONALLY AND NATIONALLY RECOGNIZED VETERAN SERVICE ORGANIZATION EVENTS TO INFORM AND EDUCATE STUDENT VETERANS, ACTIVE-DUTY TRANSITION VETERANS, LOCAL VETERANS AS WELL AS LIFE SCIENCE COMPANIES AND RELATED INDUSTRY ASSOCIATIONS ON THE VALUE (A VETERANS SKILLS AND FEDERAL REGULATORY & COMPLIANCE BENEFITS) OF INCLUDING AND DIVERSIFYING THEIR WORKFORCE WITH VETERAN TALENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victoria Hathaway Director Of Operations | 40 | $78,385 | |
John Deblasio Secretary | OfficerTrustee | 1 | $0 |
Robert Neuner Treasurer | Officer | 1 | $0 |
Derek Herrera Chairman Of The Board Of Dire | Trustee | 1 | $0 |
Gregory Gadson Board Member | Trustee | 1 | $0 |
Michael D Grice Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $208,125 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $208,125 |
| Total Program Service Revenue | $409 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $208,534 |
| 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. | $78,385 |
| Compensation of current officers, directors, key employees. | $11,758 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,589 |
| Payroll taxes | $7,914 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $364 |
| Fees for services: Accounting | $4,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,327 |
| Advertising and promotion | $14,229 |
| Office expenses | $4,924 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,000 |
| Travel | $2,828 |
| 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 | $0 |
| Insurance | $2,400 |
| All other expenses | $0 |
| Total functional expenses | $186,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,414 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| 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 | $120,414 |
| Accounts payable and accrued expenses | $244 |
| 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 | $2,415 |
| Other liabilities | $0 |
| Total liabilities | $2,659 |
| Net assets without donor restrictions | $117,755 |
| 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 | $120,414 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Medtech And Biotech Veterans Program Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Advanced Medical Technology Association Washington, DC PURPOSE: PROGRAM SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Employment Opportunities Inc New York, NY | $41,857,908 | $87,797,672 |
Mdrc New York, NY | $143,919,606 | $93,136,568 |
1199 Seiu League Training And Upgrading Fund New York, NY | $42,542,566 | $63,487,129 |
Jobs For The Future Inc Boston, MA | $45,400,683 | $55,577,164 |
Common Ground Management Corporation New York, NY | $34,376,983 | $41,849,859 |
Consortium For Worker Education Inc New York, NY | $27,138,774 | $23,461,109 |
Youthbuild Usa Inc Roxbury, MA | $41,660,191 | $41,513,584 |
Capital Workforce Partners Inc Hartford, CT | $3,681,949 | $22,085,213 |
National Telecommuting Institute Boston, MA | $7,581,785 | $15,508,649 |
Masshire Hampden County Workforce Board Inc Springfield, MA | $3,346,725 | $13,329,757 |
South Middlesex Non-Profit Housing Corporation Framingham, MA | $86,868,885 | $12,461,508 |
Lifestyles For The Disabled Inc Staten Island, NY | $5,937,706 | $11,027,240 |