Valedictorian Project Inc
- Assets
- $255.4k
- Revenue
- $495.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Boston, MA
- Founding
- Data as of
- 06/2023
- EIN
- 85-2099157
Organization Overview
Valedictorian Project Inc is located in Boston, MA. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2023, Valedictorian Project Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valedictorian Project 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 06/2023, Valedictorian Project Inc generated $495.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 36.4% each year . All expenses for the organization totaled $571.0k during the year ending 06/2023. 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
TO PROVIDE MENTORSHIP AND ASSISTANCE TO HIGH SCHOOL VALEDICTORIANS AND OTHER HIGH SCHOOL STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VALEDICTORIAN PROJECT (TVP) IS A 501(C)(3) NON-PROFIT ORGANIZATION THAT PROVIDES MENTORSHIP AND CAREER DEVELOPMENT PROGRAMMING TO HIGH-ACHIEVING GRADUATES FROM URBAN HIGH SCHOOLS. TVP'S UNIQUE DUAL-MENTOR MODEL MATCHES EACH MENTEE WITH A PEER AND SENIOR MENTOR WHO PROVIDE SUPPORT AND GUIDANCE THROUGH THE POST- SECONDARY JOURNEY. TVP CURRENTLY SERVES OVER 140 MENTEES FROM ACROSS BOSTON, BROCKTON, CHELSEA, LAWRENCE, AND WORCESTER. TVP'S INCOMING 2023 COHORT INCLUDES MENTEES FROM EXISTING PARTNER CITIES, AS WELL AS A NEWLY LAUNCHED PARTNERSHIP WITH CHELSEA PUBLIC SCHOOLS. TVP RECRUITS AND TRAINS A DIVERSE COMMUNITY OF VOLUNTEER MENTORS, WITH OVER 180 SERVING IN THIS PROGRAM YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Warren Tolman Board Chair/clerk | OfficerTrustee | 8 | $0 |
Grace Regan Treasurer | OfficerTrustee | 1.5 | $0 |
Jon Santiago Secretary | OfficerTrustee | 2.5 | $0 |
David Mannheim Director | Trustee | 1 | $0 |
Tanya Benzan Director | Trustee | 1 | $0 |
Dan Rivera 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 | $495,790 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $495,790 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $495,790 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $196,719 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $135,000 |
| Compensation of current officers, directors, key employees. | $40,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,802 |
| Pension plan accruals and contributions | $6,370 |
| Other employee benefits | $0 |
| Payroll taxes | $14,010 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $60,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,921 |
| Advertising and promotion | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $14,632 |
| Total functional expenses | $571,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,612 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $61,750 |
| 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 | $255,362 |
| Accounts payable and accrued expenses | $15,291 |
| 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 | $15,291 |
| Net assets without donor restrictions | $137,388 |
| Net assets with donor restrictions | $102,683 |
| 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 | $255,362 |