The Mentor Network Charitable Foundation Inc
- Assets
- $935.8k
- Revenue
- -$14.4k
- Investments
- $786.5k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 06/2006
- Data as of
- 09/2023
- EIN
- 20-4935290
Organization Overview
The Mentor Network Charitable Foundation Inc is located in Boston, MA. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mentor Network Charitable Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Mentor Network Charitable Foundation Inc has awarded 72 individual grants totaling $928,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gina Martin President And Director | 1 | $0 | |
Heather Lesogor Treasurer And Director | 1 | $0 | |
Jennifer Neville Clerk And Director | 1 | $0 | |
Whitney Shufelt Executive Director And Director | 1 | $0 | |
Narda Shutt Assistant Treasurer And Director | 1 | $0 | |
Natasha Hudspeth Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100 |
| Interest on Savings | $5,799 |
| Dividends & Interest | $32,279 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$52,599 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$14,421 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $632 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,082 |
| Total operating and administrative expenses | $26,145 |
| Contributions, gifts, grants paid | $247,500 |
| Total expenses and disbursements | $273,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,317 |
| Savings and temporary cash investments | $0 |
| 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 | $15,167 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $935,797 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Mentor Network Charitable Foundation Inc has awarded $247,500 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
53 FAMILIES PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
ADAPTIVE RECREATIONAL SERVICES INC PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
ALLEN CHILD PROTECTION CENTER PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
BENEVOLENT AND PROTECTIVE ORDER OF ELKS USA PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
BENEVOLENT AND PROTECTIVE ORDER OF ELKS USA PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
CENTER FOR THE STUDY OF SOCIAL POLICY PURPOSE: SUPPORT FOR YOUTH THRIVE 4YOUTH PROGRAM FOR YOUNG ADULTS | $40,000 |