THE VENTURE MENTORING TEAM INC Charity Report

Public IRS 990 nonprofit record

THE VENTURE MENTORING TEAM INC

EIN 81-5139940

What they do

THE VENTURE MENTORING TEAM (VMT) is A 501(C)(3) EDUCATIONAL NON-PROFIT ORGANIZATION DEDICATED to PROVIDING FREE MENTORING SERVICES to STARTUP FOUNDERS and UNDERSERVED SMALL BUSINESS OWNERS. ESTABLISHED IN 2017, VMT CONNECTS ENTREPRENEURS WITH EXPERIENCED MENTORS to SUPPORT THEIR BUSINESS GROWTH and DEVELOPMENT. OUR TEAM of OVER 250 CERTIFIED VOLUNTEER MENTORS OPERATES UNDER A STRICT CODE of CONDUCT and PROVIDES GUIDANCE IN AREAS SUCH AS BUSINESS STRATEGY, FUNDRAISING, and OPERATIONS THROUGH STRUCTURED TEAM MENTORING SESSIONS. THE VMT AIMS to CREATE A SAFE, INCLUSIVE, and SUPPORTIVE ENVIRONMENT WHERE ENTREPRENEURS CAN ACCESS THE RESOURCES and EXPERTISE THEY NEED to SUCCEED.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $97.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders3 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

71.96%of revenue went to mission work97.9% of expenses · Program services

$73.54spent for every $100 of revenueRevenue covered expenses this year.

1.58%of revenue went to management and office costs2.1% of expenses

$1.43in assets for every $1 spent this yearSome assets cannot be spent right away.

66.6%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$263,036

Mission workProgram services$189,27371.96% of revenue97.9% of expenses

ManagementOffice and general costs$4,1571.58% of revenue2.1% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$69,60626.46% of revenueShown in gray on the chart

Total expenses$193,43073.54% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 97.9% mission · 2.1% management · 0.0% fundraisingTotal expenses: 73.54% of revenue

2023Expense mix: 94.7% mission · 5.3% management · 0.0% fundraisingTotal expenses: 145.03% of revenue

2022Expense mix: 96.1% mission · 3.9% management · 0.0% fundraisingTotal expenses: 104.21% of revenue

2021Expense mix: 98.1% mission · 1.9% management · 0.0% fundraisingTotal expenses: 56.71% of revenue

2020Expense mix: 99.0% mission · 1.0% management · 0.0% fundraisingTotal expenses: 50.72% of revenue

2019Expense mix: 94.2% mission · 3.6% management · 2.3% fundraisingTotal expenses: 33.20% of revenue

Money in and money out

Revenue$263,036

Expenses$193,430

Annual surplus $69,606 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$189,273 · 97.9% of expenses

Management and office costs$4,157 · 2.1% of expenses

See all reported dollar amounts

Revenue$263,036

Expenses$193,430

Assets$276,315

Income$263,036

Contributions$175,100

Mission work (program services)$189,273

Management and general$4,157

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (3)

JIM RYANDIRECTOR

ROBERT NELSONCEO

TOM MERSCHDIRECTOR

About this charity

Recognized since: January 2017
Location: 1310 NE 27TH WAY, POMPANO BEACH, FL 33062
County: Broward
In care of: ROBERT NELSON
Primary officer: ROBERT NELSON, CEO

How to reach them

WebsiteVisit the charity’s website Phone(954) 562-7237

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CITRIN COOPERMAN ADVISORS LLC