Worthy Mentoring
- Assets
- $11.3k
- Revenue
- $124.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Los Angeles, CA
- Founding
- 08/2018
- Data as of
- 12/2022
- EIN
- 82-5281850
Organization Overview
Worthy Mentoring is located in Los Angeles, CA. The organization was established in 2018. According to its NTEE Classification (R30) the organization is classified as: Intergroup & Race Relations, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Worthy Mentoring 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 12/2022, Worthy Mentoring generated $124.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 36.6% each year . All expenses for the organization totaled $152.9k during the year ending 12/2022. While expenses have increased by 45.0% per year over the past 2 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WORTHY MENTORING IS A 501(C)(3) NONPROFIT THAT CONNECTS MENTORS AND MENTEES IN THE LGBTQ+ COMMUNITY THROUGH A MOBILE IOS AND ANDROID APP. THE WORTHY MENTORING APP OFFERS A SAFE PLATFORM FOR OUR COMMUNITY TO SEEK PERSONAL GUIDANCE, PROFESSIONAL ADVICE, SUPPORT, AND FRIENDSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, WORTHY MENTORING LAUNCHED THE FREE "COMING OUT" APP TO CONNECT MEMBERS OF THE LGBT+ COMMUNITY IN SUPPORT AND FRIENDSHIP.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Edmonson CEO | OfficerTrustee | 40 | $50,000 |
Brad Allen Treasurer | Trustee | 3 | $0 |
Wes Pyron Secretary | Trustee | 3 | $0 |
Ally Spaulding Director | Trustee | 3 | $0 |
Rachel Campbell Director | Trustee | 3 | $0 |
Shane Feldman Director | Trustee | 3 | $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 | $97,363 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,363 |
| 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 | $27,387 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $124,750 |
| 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. | $50,000 |
| Compensation of current officers, directors, key employees. | $31,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,306 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $450 |
| Fees for services: Accounting | $750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,966 |
| Advertising and promotion | $12,985 |
| Office expenses | $204 |
| Information technology | $2,787 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,703 |
| 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 | $3,594 |
| All other expenses | $0 |
| Total functional expenses | $152,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,335 |
| 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 | $11,335 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $11,335 |
| 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 | $11,335 |