Mentor Ring Corp

Organization Overview

Mentor Ring Corp is located in Sunny Isles, FL. The organization was established in 2016. According to its NTEE Classification (P19) the organization is classified as: Support N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mentor Ring Corp 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, Mentor Ring Corp generated $233.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $240.7k during the year ending 12/2023. While expenses have increased by 21.3% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE MENTOR RING EXTENSIVE PROGRAM IS AIMED TOWARDS THE POSITIVE TRAJECTORY OF ONES CAREER PATH AND OVERALL LIFE EACH INDIVIDUAL HAS A SPECIFIC GOAL IN MIND AND AS AN ORGANIZATION IT IS OUR GOAL TO CARRY THEM TO THE FINISH LINE WHETHER IT IS THROUGH DEBT CONSOLIDATION, LICENSURE FUNDING OR PSYCHIATRIC HELP THAT WE SUBSIDIZE, WE ARE AIMING FOR THE BETTERMENT OF EACH PERSON.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DONATIONS


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Board, Officers & Key Employees

Name (title)Compensation
Perry Stolberg
President
$0
Grace Streich
Vice President
$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$211,122
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$211,122
Total Program Service Revenue$0
Investment income $19
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $22,019
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $233,160

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