Florida Mentoring Network Inc
- Assets
- $169.1k
- Revenue
- $432.6k
- Investments
- $0.0
- Employees
- 3
- Location
- West Palm Beach, FL
- Founding
- Data as of
- 06/2024
- EIN
- 93-4355322
Organization Overview
Florida Mentoring Network Inc, operating under the name Xcel Florida, is located in West Palm Beach, FL. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2024, Xcel Florida employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Xcel Florida is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
MISSION STATEMENT: XCEL FUELS YOUNG PEOPLE WITH PURPOSE BY EQUIPPING THEM WITH PURPOSE-DRIVEN OPPORTUNITIES FOR GROWTH AND SUCCESS. XCEL IS DEDICATED TO EMPOWERING YOUTH AGES 13 TO 25 TO REALIZE THEIR FULLEST POTENTIAL THROUGH A DYNAMIC MENTORING NETWORK THAT INTEGRATES TRANSFORMATIVE MENTORING WITH MOBILE TRAINING UNITS THAT FACILITATE HANDS-ON LEARNING EXPERIENCES AND FOSTER THE DEVELOPMENT OF BOTH HARD AND SOFT SKILLS. VISION STATEMENT: OUR VISION IS TO DELIVER EXCEPTIONAL PROGRAMMING THAT TRANSCENDS BARRIERS, ENSURING ACCESSIBILITY TO UNDERPRIVILEGED POPULATIONS. WE AIM TO EMPOWER YOUTH WHO LACK CONSISTENT ADULT SUPPORT BY PROVIDING THEM WITH OPPORTUNITIES FOR PERSONAL GROWTH AND ESSENTIAL SKILLS FOR THRIVING IN TRADE CAREERS OR INNOVATION FIELDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MENTEES' SUCCESS STORIES: 98% ADVANCE TO THE NEXT GRADE LEVEL. 92% COMPLETE LIFE SKILLS TRAINING. 76% ACQUIRE TECHNICAL SKILLS THROUGH MOBILE TRAINING UNITS. 83% STAY WITH XCEL FOR 3 YEARS OR MORE. 83% OF ELIGIBLE YOUTH SECURE APPRENTICESHIPS. 98% OF ELIGIBLE YOUTH OBTAIN ENTRY-LEVEL JOBS.
OUR MENTEES' SUCCESS STORIES: 98% ADVANCE TO THE NEXT GRADE LEVEL. 92% COMPLETE LIFE SKILLS TRAINING. 76% ACQUIRE TECHNICAL SKILLS THROUGH MOBILE TRAINING UNITS. 83% STAY WITH XCEL FOR 3 YEARS OR MORE. 83% OF ELIGIBLE YOUTH SECURE APPRENTICESHIPS. 98% OF ELIGIBLE YOUTH OBTAIN ENTRY-LEVEL JOBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Rivera Executive Di | Officer | 40 | $100,000 |
Christina Barone Director Ope | Officer | 40 | $80,000 |
Jennifer Damico Director Of | Officer | 40 | $70,000 |
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 | $384,337 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $384,337 |
| Total Program Service Revenue | $48,235 |
| 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 | $432,572 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $123,261 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,144 |
| Fees for services: Management | $4,709 |
| Fees for services: Legal | $4,000 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,655 |
| Advertising and promotion | $4,002 |
| Office expenses | $1,573 |
| Information technology | $1,706 |
| Royalties | $0 |
| Occupancy | $1,857 |
| Travel | $8,583 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $63,740 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4 |
| Insurance | $0 |
| All other expenses | $7,288 |
| Total functional expenses | $288,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,091 |
| 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 | $169,091 |
| 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 | $0 |
| 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 | $25,041 |
| Retained earnings, endowment, accumulated income, or other funds | $144,050 |
| Total liabilities and net assets/fund balances | $169,091 |