Imentor Incorporated
- Assets
- $37.6m
- Revenue
- $20.2m
- Investments
- $0.0
- Employees
- 202
- Location
- New York, NY
- Founding
- 05/2003
- Data as of
- 06/2022
- EIN
- 30-0105507
Organization Overview
Imentor Incorporated is located in New York, NY. The organization was established in 2003. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2022, Imentor Incorporated employed 202 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Imentor Incorporated 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 06/2022, Imentor Incorporated generated $20.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $20.8m during the year ending 06/2022. While expenses have increased by 4.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE BUILD MENTORING RELATIONSHIPS, WHICH EMPOWER STUDENTS TO NAVIGATE HIGH SCHOOL, SUCCEED IN COLLEGE, AND ACHIEVE THEIR AMBITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2021-22 PROGRAM YEAR IMENTOR IS DEMONSTRATING HOW THE STRENGTH OF THE RELATIONSHIP BETWEEN A MENTOR AND MENTEE CAN TRANSLATE INTO MEANINGFUL RESULTS AT A NATIONAL SCALE. THIS YEAR, THE ORGANIZATION SERVED 8,239 STUDENTS IN OVER 50 SCHOOLS ACROSS THE U.S. THIS INCLUDES 3,570 STUDENTS IN NEW YORK CITY, 1,627 STUDENTS IN CHICAGO, 491 STUDENTS IN THE BAY AREA, AND 150 STUDENTS IN BALTIMORE. OF THESE STUDENTS, MORE THAN 3,458 WERE ENROLLED IN IMENTORS POST-SECONDARY PROGRAM. IN ADDITION, 2,401 STUDENTS WERE ENROLLED ACROSS THE COUNTRY WITH IMENTORS PARTNERSHIP WITH BIG BROTHERS BIG SISTERS (BBBS) AND OTHER LIKED ORGANIZATIONS.OUR FUTUREWE ARE EXPANDING TO BRING OUR PROGRAM TO MORE STUDENTS WHO WILL BE THE FIRST IN THEIR FAMILIES TO ATTEND COLLEGE. UNDER A NEW STRATEGIC PLAN, WE WILL DOUBLE THE NUMBER OF STUDENTS WE HAVE SERVED, NARROWING THE COLLEGE COMPLETION GAP IN COMMUNITIES ACROSS THE COUNTRY.60,000 STUDENTS SERVED33 COMMUNITIES SERVED COLLEGE SUCCESS AT SCALE: WE WILL GENERATE FIELD-LEADING OUTCOMES IN UNDERSERVED COMMUNITIES ACROSS THE COUNTRY, BRINGING IMENTOR TO THREE NEW REGIONS AND IMPROVING OUR PROGRAMS EFFICACY AND IMPACT AT A NATIONAL SCALE.BROAD INFLUENCE: WE WILL INCREASE OUR IMPACT BY MOBILIZING OUR MENTOR COMMUNITY AND HARNESSING OUR DATA AND KNOWLEDGE TO INFLUENCE HOW STUDENTS ARE SUPPORTED ON THE PATH TO COLLEGE.ORGANIZATIONAL EXCELLENCE: WE WILL INVEST IN OUR INFRASTRUCTURE AND INCREASE OUR FINANCIAL SUSTAINABILITY IN ORDER TO ENSURE OPERATIONAL SUCCESS AT A NATIONAL SCALE.LAUNCHED EQUITY EDUCATION PROGRAM FOR MENTORSCREATED TOOLS FOR DIALOGUE ABOUT RACIAL JUSTICE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael O'brien Former CEO | 0 | $496,266 | |
Jana L Reed COO | Officer | 40 | $293,319 |
Derek Smith Chief Reg. Officer | 40 | $239,181 | |
Max Polaner Exec. Dir., Nyc | 40 | $208,865 | |
Theodore Thompson Chief Prog Officer | 40 | $206,642 | |
Jason Friedman Exec. Dir. Chicago | 40 | $186,383 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Resnick Seaport Llc Rent | 6/29/22 | $1,160,569 |
Brown & Brown Of New York Inc Insurance | 6/29/22 | $223,491 |
Red Black Tree Doo Platform Design | 6/29/22 | $816,500 |
Sinu It Network & Maintenance | 6/29/22 | $119,915 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,000,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,480,572 |
| Noncash contributions included in lines 1a–1f | $4,092,609 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,480,572 |
| Total Program Service Revenue | $1,551,940 |
| Investment income | $237,359 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$39,614 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,234,827 |
| 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. | $656,208 |
| Compensation of current officers, directors, key employees. | $444,837 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,018,580 |
| Pension plan accruals and contributions | $335,268 |
| Other employee benefits | $1,103,696 |
| Payroll taxes | $1,040,127 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,419 |
| Fees for services: Accounting | $39,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $59,740 |
| Fees for services: Other | $621,884 |
| Advertising and promotion | $73,560 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,403,019 |
| Travel | $102,106 |
| 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 | $1,189,052 |
| Insurance | $158,831 |
| All other expenses | $0 |
| Total functional expenses | $20,806,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,441,440 |
| Savings and temporary cash investments | $7,365,924 |
| Pledges and grants receivable | $9,635,396 |
| 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 | $289,258 |
| Net Land, buildings, and equipment | $1,710,110 |
| Investments—publicly traded securities | $16,127,901 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,710 |
| Total assets | $37,583,739 |
| Accounts payable and accrued expenses | $1,298,142 |
| Grants payable | $0 |
| Deferred revenue | $7,143 |
| 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 | $982,746 |
| Total liabilities | $2,288,031 |
| Net assets without donor restrictions | $17,354,970 |
| Net assets with donor restrictions | $17,940,738 |
| 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 | $37,583,739 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that Imentor Incorporated has recieved totaling $3,821,016.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $2,075,000 |
Robin Hood Foundation New York, NY PURPOSE: POVERTY RELIEF | $531,250 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $262,935 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $262,935 |
A Better Chicago Chicago, IL PURPOSE: COMMUNITY DEVELOPMENT | $165,000 |
Tipping Point Community San Francisco, CA PURPOSE: EDUCATION ISSUE AREA | $160,000 |
Endowment Analysis
| Beg. Balance | $9,310,458 |
| Earnings | -$1,141,860 |
| Ending Balance | $8,168,598 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aspira Inc Of Pennsylvania Philadelphia, PA | $16,896,454 | $35,689,519 |
Imentor Incorporated New York, NY | $37,583,739 | $20,234,827 |
Jpc Charities Newark, NJ | $110,330,624 | $14,483,540 |
Good Sports Inc Braintree, MA | $15,718,989 | $17,640,081 |
Exploration School Inc Norwood, MA | $30,976,539 | $12,294,773 |
West Side Center For Community Life Inc New York, NY | $9,114,399 | $14,422,692 |
Camp Harbor View Foundation Inc Boston, MA | $69,208,202 | $14,199,041 |
Utec Inc Lowell, MA | $20,133,809 | $14,604,530 |
Shira Association Inc Brooklyn, NY | $274,073 | $8,368,956 |
Chdfs Inc New York, NY | $4,427,558 | $6,216,072 |
Metropolitan Development Center Inc Brooklyn, NY | $2,978,131 | $7,487,789 |
Deal Sephardic Youth Center Inc Oakhurst, NJ | $15,545,893 | $7,918,218 |