Talbot Mentors Inc
- Assets
- $1.3m
- Revenue
- $871.8k
- Investments
- $0.0
- Employees
- 11
- Location
- Easton, MD
- Founding
- 05/1997
- Data as of
- 12/2021
- EIN
- 52-2027082
Organization Overview
Talbot Mentors Inc is located in Easton, MD. The organization was established in 1997. According to its NTEE Classification (O54) the organization is classified as: Youth Development - Citizenship, under the broad grouping of Youth Development and related organizations. As of 12/2021, Talbot Mentors Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Talbot 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 12/2021, Talbot Mentors Inc generated $871.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.8% each year . All expenses for the organization totaled $649.6k during the year ending 12/2021. While expenses have increased by 20.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MATCH CHILDREN IN TALBOT COUNTY WITH VOLUNTEER MENTORS IN ORDER TO SUPPORT THOSE YOUNG PEOPLE IN THE CHALLENGES AND OPPORTUNITIES OF ADOLESCENTS THROUGH FRIENDSHIP,
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECRUITING MENTORS AND MATCHING THEM WITH THE CHILDREN TO ACCOMPLISH THE ORGANIZATIONS PURPOSE. FIELD TRIPS AMD CAMP ARE PROVIDED FOR THE CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Wb Willse Current President | OfficerTrustee | 5 | $0 |
Brenda Fike Secretary | OfficerTrustee | 1 | $0 |
Tripper Showell Current Vice President | OfficerTrustee | 5 | $0 |
William Ryan Current Treasurer | OfficerTrustee | 2 | $0 |
Kelly L Griffith Current Director | Trustee | 1 | $0 |
Marykay Powell Current Director | 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 | $603,260 |
| Noncash contributions included in lines 1a–1f | $59 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $603,260 |
| Total Program Service Revenue | $84,276 |
| Investment income | $183,832 |
| 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 | $871,822 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,600 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $354,233 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,801 |
| Payroll taxes | $28,849 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,543 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $37,339 |
| Fees for services: Investment Management | $9,504 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,914 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $2,218 |
| Insurance | $53,843 |
| All other expenses | $23,109 |
| Total functional expenses | $649,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,238 |
| 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 | $2,749 |
| Investments—publicly traded securities | $1,232,611 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,333,598 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $170,253 |
| 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 | $27,151 |
| Total liabilities | $197,404 |
| Net assets without donor restrictions | $1,136,194 |
| 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 | $1,333,598 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Talbot Mentors Inc has recieved totaling $524,096.
| Awarding Organization | Amount |
|---|---|
Clark Charitable Foundation Inc Bethesda, MD PURPOSE: CAPACITY-BUILDING SUPPORT OF MENTORING PROGRAMS | $125,000 |
Grayce B Kerr Fund Easton, MD PURPOSE: TO FUND A COO POSITION | $111,764 |
Grayce B Kerr Fund Easton, MD PURPOSE: TO FUND A COO POSITION | $104,452 |
Ryan-Richtsmeier Charitable Foundation Inc State College, PA PURPOSE: TO EMPOWER YOUNG PEOPLE BY IDENTIFYING AND MITIGATING THE SYSTEMIC BARRIERS OF YOUNG PEOPLE'S SUCCESS THROUGH THE POWER OF HEALTHLY MENTIONING RELATIONSHIPS. | $100,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $31,161 |
Baxter Family Charitable Foundation Inc Salisbury, MD PURPOSE: SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $582,589 |
| Ending Balance | $582,589 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Americas Future Foundation Washington, DC | $2,838,924 | $2,085,404 |
Talbot Mentors Inc Easton, MD | $1,333,598 | $871,822 |
Dual School Inc Wilmington, DE | $31,775 | $332,695 |
Social Impact Center Haverford, PA | $48,509 | $271,662 |
All About Character Inc Meadville, PA | $4,121 | $121,949 |
Sow Good Now Newtown Square, PA | $152,956 | $148,851 |
Freedoms Foundation At Valley Forge Valley Forge, PA | $1,988,243 | $401,452 |
Girls Inspired & Ready To Lead Fairfax, VA | $1,888 | $0 |
Young People For Progress Inc Silver Spring, MD | $183,688 | $0 |
Washington Institute For Leadership Washington, DC | $6,310 | $0 |
United States Marines Youth Foundation Inc Stafford, VA | $883,881 | $80,273 |
Balvikas Inc Ashburn, VA | $158,133 | $111,799 |