NonprofitsVenture Mentoring Team Inc

Venture Mentoring Team Inc

POMPANO BEACH, FL

Total revenue

$263K

Total expenses

$193K

Net assets

$276K

Grants received

$189K

2 grants

EIN

815139940

Tax year

2024

Mission

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.

Financials

FY 2024

Revenue

Contributions & grants$175K
Program service revenue$80K
Investment income$8K
Other revenue
Total revenue$263K

Expenses

Grants paid
Salaries & benefits$147K
Fundraising
Other expenses$47K
Total expenses$193K
Total assets$276K
Net assets$276K

People

3 listed

NameRoleCompensation

ROBERT NELSON

CEO

Board

60 hrs/wk

TOM MERSCH

DIRECTOR

Board

5 hrs/wk

JIM RYAN

DIRECTOR

Board

5 hrs/wk

Grants received

Showing 2 of 2

FromAmountPurposeYear
$129K
COMMUNITY SERVICE PROGRAMS
2022
$60K
PROGRAM SUPPORT
2020

Funded by

$189K from 2 funders · 2 grants · 2020–2022

Round It Up America Inc

$129K · 1 grant · 2022

The Miami Foundation Inc

$60K · 1 grant · 2020

Details

EIN815139940
Subsection03
Ruling date2017-02
Formed2016
Employees1
Volunteers250
VENTURE MENTORING TEAM INC — Mission, Financials & Grants Received | Grantivo