Vetsintech
- Assets
- $4.4m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-4256110
Organization Overview
Vetsintech is located in San Francisco, CA. The organization was established in 2014. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, 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. Vetsintech 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, Vetsintech generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 35.4% each year . All expenses for the organization totaled $2.6m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
VETSINTECH SUPPORTS MILITARY VETERANS THROUGH RE-INTEGRATION SERVICES AND BY CONNECTING THEM TO THE NATIONAL TECHNOLOGY ECOSYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: VETSINTECH (VIT) EDUCATION PROGRAMS CONNECT TRANSITIONING VETERANS TO TRAINING AND FOLLOW-ON EMPLOYMENT OPPORTUNITIES. OVER 250K SERVICE MEMBERS LEAVE THE MILITARY ANNUALLY ACCORDING TO THE DOD. VIT EDUCATION PROGRAMS FOCUS ON CYBERSECURITY, WEB DEVELOPMENT AND SALESFORCE ADMINISTRATION. WITH IN-PERSON PROGRAMS AND SOME ONLINE STUDY, VIT DETERMINES MARKET NEEDS AND ASSISTS VETERANS IN GAINING THE SKILLS REQUIRED TO BE COMPETITIVE IN THE TECH ECOSYSTEM. VIT PARTNERS WITH TECH FIRMS, FINANCIAL COMPANIES AND NONPROFIT FOUNDATIONS TO CREATE TRAINING AND EDUCATION OPPORTUNITIES. STUDENTS EARN CERTIFICATES UPON COMPLETION OF COURSES AFTER WHICH THEY ARE INTRODUCED TO COMPANIES SEEKING THOSE SPECIFIC SKILL SETS.
EMPLOYMENT: EMPLOYMENT PROGRAMS INCLUDE RESUME WRITING, SELF-MARKETING, AND INTERVIEW SKILLS. FIRMS IN THE VIT EMPLOYER COALITION SEND RECRUITERS AND HIRING MANAGERS TO EVENTS TO EVALUATE AND RECRUIT VETERANS. VIT CREATES THE ENVIRONMENT WHERE IN-PERSON INTERVIEWS AND REVIEWS OF RESUMES TAKE PLACE, BYPASSING ELECTRONIC SORTING AND FILTERING. MILITARY EXPERIENCE IS PROPERLY CONSIDERED DURING THE INTERVIEW AND HIRING PROCESSES. VIT ORGANIZES EMPLOYER MEETUPS, NETWORKING EVENTS, AND INFORMAL GATHERINGS THAT GRANT VETERANS PREMIUM ACCESS TO EMPLOYERS DURING THEIR JOB SEARCH. VETERANS GET DIRECT FEEDBACK AND HIRING MANAGERS FIND THE BEST/MOST QUALIFIED JOB CANDIDATES. A NEW ONLINE MENTORSHIP PROGRAM WAS ALSO LAUNCHED IN 2017, FURTHER ENABLING VETERANS TO SHARE EXPERTISE AND EXPERIENCE. AN ADDITIONAL FOCUS WAS ADDED IN 2019 FOR WOMEN AND MILITARY SPOUSES.
ENTREPRENEURSHIP: FOR VETERANS WHO ASPIRE TO START THEIR OWN BUSINESS, VIT SPONSORS PROGRAMS LIKE HACKATHONS, PITCH EVENTS, DISCUSSIONS WITH PROMINENT TECH LEADERS, AND REPRESENTATIVES OF THE VENTURE CAPITAL COMMUNITY. PROGRAMS ON THE ENTREPRENEURSHIP TRACK INCLUDE SEMINARS ON DESIGN THINKING, BUSINESS LAW BASICS, LEAN STARTUP, PRODUCT DESIGN AND BUSINESS STRATEGY. ENTREPRENEUR BOOTCAMPS ADDRESS ALL FACETS OF BUILDING A COMPANY AND SUPPORT OTHER VIT COURSES THAT CONVEY CRITICAL ASPECTS OF STARTUPS, I.E. FINANCING AND PITCHING TO INVESTORS. ENTREPRENEURS WHO COMPLETED VIT PROGRAMS HAVE BEEN RECOGNIZED NATIONALLY FOR NEW INVENTIONS AND PRODUCTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Webster Founder / President | OfficerTrustee | 50 | $288,003 |
Mike Mcnerney Director | Trustee | 4 | $0 |
Craig Newmark Director | Trustee | 4 | $0 |
Tom Anderson Director | Trustee | 4 | $0 |
Stephen D Mayer Director | Trustee | 4 | $0 |
Ikram Mansori Chief Operating Officer | Officer | 50 | $210,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $100,178 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,664,729 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,764,907 |
| Total Program Service Revenue | $0 |
| Investment income | $24 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$42,140 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,722,791 |
| 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. | $498,003 |
| Compensation of current officers, directors, key employees. | $4,888 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $382,907 |
| Pension plan accruals and contributions | $17,100 |
| Other employee benefits | $49,372 |
| Payroll taxes | $59,825 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,043 |
| Fees for services: Accounting | $113,469 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $214,119 |
| Advertising and promotion | $131,187 |
| Office expenses | $2,931 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,841 |
| Travel | $124,821 |
| 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 | $3,778 |
| All other expenses | $67,813 |
| Total functional expenses | $2,618,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,517,598 |
| Savings and temporary cash investments | $16,539 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $777,526 |
| 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 | $48,321 |
| 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 | $4,359,984 |
| Accounts payable and accrued expenses | $149,022 |
| Grants payable | $0 |
| Deferred revenue | $700,000 |
| 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 | $849,022 |
| Net assets without donor restrictions | $3,510,962 |
| 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 | $4,359,984 |