Nonprofit · EIN 81-5139940
VENTURE MENTORING TEAM INC
Tax-exempt · POMPANO BEACH, FL 33062
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $263,036 | $193,430 | $69,606 | $276,315 | $0 | $276,315 |
| December 31, 2023 | 990 | $127,210 | $184,487 | -$57,277 | $206,709 | $0 | $206,709 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $175,100
- of which government grants
- $150,000
- Program service revenue
- $79,700
- Investment income
- $8,236
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $136,630
- Salaries, compensation and benefits (total)
- $146,571
- Professional fundraising fees
- $0
- Legal fees
- $138
- Program services (functional)
- $189,273
- Management and general (functional)
- $4,157
Balance sheet and other
- Total assets, start of year
- $206,709
- Total assets, end of year
- $276,315
- Total liabilities, end of year
- $0
- Net assets, end of year
- $276,315
- Net assets without donor restrictions
- $276,315
- Gross receipts
- $263,036
- Employees
- 1
- Volunteers
- 250
- Year formed
- 2016
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT NELSON | CEO Trustee or director, Officer | 60 | $0 |
| TOM MERSCH | DIRECTOR Trustee or director | 5 | $0 |
| JIM RYAN | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT NELSON | CEO Trustee or director, Officer | 60 | $0 |
| JIM RYAN | DIRECTOR Trustee or director | 5 | $0 |
| TOM MERSCH | DIRECTOR Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 1310 NE 27TH WAY, POMPANO BEACH, FL 33062-3821
- In care of
- % ROBERT NELSON
- Mailing address (990-N for 2016)
- 1310 NE 27th Way, Pompano Beach FL 33062
- Principal officer (990 for 2024)
- ROBERT NELSON, 1310 NE 27TH WAY, POMPANO BEACH, FL 33062
- Principal officer (990-N for 2016)
- Robert Nelson, 1310 NE 27th Way, Pompano Beach FL 33062
- Signed the 990
- ROBERT NELSON, CEO
- Phone
- (954) 562-7237
- Website
- thevmt.org
- Return prepared by
- CITRIN COOPERMAN ADVISORS LLC
Mission
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.
Program accomplishments
- THE VMT OPERATES MENTORING CHAPTERS HOSTED BY COMMUNITY PARTNERS LIKE UNIVERSITIES AND ECONOMIC DEVELOPMENT ORGANIZATIONS. WE OFFER A COMPREHENSIVE MENTORING PROGRAM THAT INCLUDES EXTENSIVE MENTOR TRAINING AND CERTIFICATION, ONGOING SUPPORT, AND RESOURCES FOR BOTH MENTORS AND MENTEES. OUR MENTORS VOLUNTEER THEIR TIME TO HELP ENTREPRENEURS NAVIGATE THE CHALLENGES OF BUILDING AND SCALING THEIR BUSINESSES. THE VMT ALSO ENGAGES IN COLLABORATIVE FUNDRAISING AND PROVIDES GRANT WRITING SUPPORT TO HELP OUR CHAPTERS SECURE NECESSARY FUNDING.SINCE OUR INCEPTION, WE HAVE SUCCESSFULLY MENTORED OVER ONE THOUSAND STARTUPS AND SMALL BUSINESSES, HELPING THEM ACHIEVE SUSTAINABILITY AND GROWTH. OUR MENTORING APPROACH HAS CONTRIBUTED TO JOB CREATION AND ECONOMIC DEVELOPMENT WITHIN THE COMMUNITIES WE SERVE.THE VMT'S OPERATIONS ARE FUNDED THROUGH PROGRAM FEES, DONATIONS, AND GRANTS FROM OUR COMMUNITY PARTNERS INCLUDING UNIVERSITIES, FOUNDATIONS, GOVERNMENT AND CORPORATE SPONSORS. IN SELECT SITUATIONS, WE DEFER FEES TO ENABLE PARTNERS TO LAUNCH NEW CHAPTERS PRIOR TO SECURING FUNDING.Expenses $189,273 · revenue $79,700
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-5139940
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $276,315
- Income (IRS master file)
- $263,036
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $263,036 | $193,430 | $276,315 | XML |
| 990 | December 2023 | $127,210 | $184,487 | $206,709 | XML |
| 990 | December 2022 | $190,250 | $198,261 | $263,986 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990 | December 2019 | $100,000 | $33,201 | $127,134 | IRS |
| 990-N for 2016 Officer: Robert Nelson | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-5139940).
Questions about VENTURE MENTORING TEAM INC
- What is the EIN of VENTURE MENTORING TEAM INC?
- The employer identification number (EIN) of VENTURE MENTORING TEAM INC is 81-5139940.
- Is VENTURE MENTORING TEAM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to VENTURE MENTORING TEAM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VENTURE MENTORING TEAM INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VENTURE MENTORING TEAM INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VENTURE MENTORING TEAM INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VENTURE MENTORING TEAM INC?
- The 990 for the year ended December 31, 2024 names ROBERT NELSON.
- Who are the officers and directors of VENTURE MENTORING TEAM INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does VENTURE MENTORING TEAM INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $263,036, expenses of $193,430 and total assets of $276,315 at year end.
Other nonprofits in POMPANO BEACH
- ELISABETH C DELUCA FOUNDATION INC EIN 30-1214067 · last filed 990-PF for 2024
- CROSS INTERNATIONAL INC EIN 65-1086387 · last filed 990 for 2025
- JOHN KNOX VILLAGE OF FLORIDA INC EIN 59-1800721 · last filed 990 for 2025
- THE FREDERICK A DELUCA FOUNDATION INC EIN 65-0755554 · last filed 990-PF for 2024
- BROWARD CHILDRENS CENTER INC EIN 59-1378244 · last filed 990 for 2024
- CHILDRENS COMPREHENSIVE CARE CENTER INCORPORATED EIN 20-2541965 · last filed 990 for 2023
- INNOVATION CHARTER SCHOOL INC EIN 46-3301622 · last filed 990 for 2025
- WOODHOUSE INC EIN 59-2011016 · last filed 990 for 2025