Ment or Ltd FY2022 filing

Tax-deductible

New York, NY501(c)(3)Arts & CultureEIN 26-2447984

aims to educate, train and inspire excellence in young culinary professionals and champions the diversity and creativity of the traditions and quality of cuisine in America.

501(c)(3) charity; gifts are tax-deductible.
52¢ of each $1 spent went to programs.
$159K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $130K a year · 9% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
52%
of spending
Worth a look: 52% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$159K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $332K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$386K
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
+82% vs prior year
Spent
$909K
To programs
52%
Net assets
$698K
By yearFY2021–FY2025
Revenue
$1.0M
FY2022▲ +82%
Revenue by fiscal year
FY2021$560K
FY2022$1.0M
FY2023$1.4M
FY2024$2.2M
FY2025$2.4M
Expenses
$909K
FY2022▲ +2%
Expenses by fiscal year
FY2021$894K
FY2022$909K
FY2023$1.9M
FY2024$1.6M
FY2025$2.9M
Net assets
$698K
FY2022▲ +16%
Net assets by fiscal year
FY2021$600K
FY2022$698K
FY2023$189K
FY2024$828K
FY2025$283K

From the FY2022 Form 990 (year ending March 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2017.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

52 cents of each dollar spent went to programs.

Program services 52% · $477K Management & general 23% · $213K Fundraising 24% · $219K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

10 people listed on the 990; $159K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director/Secretary
$158,846Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Exective Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Team USA President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Young Yun’s $233K as Executive Director/Secretary is at the 91st percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Young Yun$233,100——$158,846
Young Yun—$201,000$159,800—
Stefani De Palma$142,042———
Jaimie Chew$106,907———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Trains and inspires young culinary professionals, celebrating America's diverse food traditions and quality.

Provided by the organization

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2 program services account for $477K of program spending, described in the organization's own filed words · FY2021.
01

Team USA Training

funding provided to effectively train Team USA as they prepare to represent our country at the most recognized and competitive culinary event called the Bocuse d Funding is used for all aspects of training from equipment and supplies to ingredients and travel.

$427Kprogram expense
02

Giving Fund Grants

issued to restaurants and other public charities for disaster relief and assistance with employee relief efforts related to COVID, natural disasters or devastation.

$50Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 39 grants · $677K · 2020–2024
Unitemized GrantFY2024$89,016
Southern Smoke FoundationTX · FY2024$10,000
Unitemized GrantFY2023$164,227
Unitemized GrantFY2022$68,845
Lee Initiative INCKY · FY2021$20,000
Alex Yoon Restaurant Group LLCFY2021$10,000
State Bird ProvisionsFY2021$10,000
Spicer RosendaleFY2021$10,000
Streetbird Newark LLCFY2020$10,000
Stone's Food INCFY2020$10,000
St Hospitality GroupFY2020$10,000
Sidney Street CafeFY2020$10,000
SC Restaurant Ventures LLCFY2020$10,000
Rose's Luxury GroupFY2020$10,000
Rosendale CollectiveFY2020$10,000
Republique LLCFY2020$10,000
See all 39 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$18K
Money outPt IX
$909K
Ln 25
Programscol B$477K
Managementcol C$213K
Fundraisingcol D$219K
Owns and owesPt X
$698K
net assets · Ln 32
Cash and savingsLn 1–2$703K
Total assetsLn 16$1.1M
LiabilitiesLn 26$386K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Government grantsLn 1e$156K
Noncash giftsLn 1g$154K
Fundraising eventsLn 1c$485K
Investment incomeLn 3$18K
Gains on assetsLn 7$14K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$267K
SavingsLn 2$436K
Cash and savings togetherLn 1–2$703K
InvestmentsLn 11–13$165K
Land, buildings, equipmentLn 10c$165K
Other assetsLn 15$8K
Total assetsLn 16$1.1M
LiabilitiesLn 26$386K
Net assetsLn 32$698K
OperationsPt I, VI
EmployeesI 54
VolunteersI 69
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$696K$703K
InvestmentsLn 11–13$154K$165K
Land, buildings, equipmentLn 10c$292K$165K
Total assetsLn 16$1.2M$1.1M
LiabilitiesLn 26$584K$386K
Net assetsLn 32$600K$698K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$50K$50K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$177K$59K$59K$59K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$187K$127K$11K$48K
Pension plan contributionsLn 8$3K$2K$0$437
Other employee benefitsLn 9$15K$8K$2K$5K
Payroll taxesLn 10$39K$20K$7K$11K
Management feesLn 11a$0
Legal feesLn 11b$15K$15K
Accounting feesLn 11c$49K$49K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$1K$1K
Other fees for servicesLn 11g$94K$18K$13K$63K
Advertising and promotionLn 12$79K$79K
Office expensesLn 13$6K$6K
Information technologyLn 14$1K$1K
RoyaltiesLn 15$0
OccupancyLn 16$45K$20K$4K$20K
TravelLn 17$3K$3K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$7K$7K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$108K$70K$32K$5K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$23K$23K
Total functional expensesLn 25$909K$477K$213K$219K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.4M$2.9M−$536K$283K 990 PDF
FY2024 $2.2M$1.6M$615K$828K 990 PDF
FY2023 $1.4M$1.9M−$505K$189K 990 PDF
FY2022 Viewing $1.0M$909K$107K$698K 990 PDF
FY2021 $560K$894K−$334K$600K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $1,016,897 across 12 lines filed
Lines not itemized here account for $7,785 of total revenue; see the IRS return.
VIII-1b Membership dues$1,000
VIII-1c Fundraising events$485,482
VIII-1e Government grants$156,041
VIII-1f All other contributions, gifts and grants$598,040
VIII-1g Noncash contributions (included above)$153,910
VIII-1h Total contributions, gifts and grants$1,240,563
VIII-3 Investment incomeExcluded from tax $4,154$4,154
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $13,767$13,767
VIII-8 Net income from fundraising eventsExcluded from tax −$249,372−$249,372
VIII-12 Total revenueExcluded from tax −$223,666$1,016,897
Part IX · Statement of functional expenses $909,451 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $50,316$50,316
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $58,934 · Management $58,933 · Fundraising $58,933$176,800
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $127,174 · Management $11,474 · Fundraising $48,329$186,977
IX-8 Pension plan contributionsPrograms $2,467 · Management $0 · Fundraising $437$2,904
IX-9 Other employee benefitsPrograms $8,053 · Management $2,474 · Fundraising $4,599$15,126
IX-10 Payroll taxesPrograms $20,079 · Management $7,442 · Fundraising $11,468$38,989
IX-11a Management fees$0
IX-11b Legal feesManagement $14,989$14,989
IX-11c Accounting feesManagement $49,065$49,065
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $1,178$1,178
IX-11g Other fees for servicesPrograms $17,550 · Management $12,708 · Fundraising $63,350$93,608
IX-12 Advertising and promotionPrograms $79,444$79,444
IX-13 Office expensesFundraising $6,441$6,441
IX-14 Information technologyManagement $1,410$1,410
IX-15 Royalties$0
IX-16 OccupancyPrograms $20,115 · Management $4,471 · Fundraising $20,115$44,701
IX-17 TravelManagement $2,786$2,786
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $7,398$7,398
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $69,922 · Management $32,272 · Fundraising $5,379$107,573
IX-23 InsuranceManagement $6,706$6,706
IX-24 Other expenses (24a–d)Programs $23,040$23,040
IX-25 Total functional expensesPrograms $477,094 · Management $213,306 · Fundraising $219,051$909,451
Part X · Balance sheet $1,083,782 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $262,559$266,853
X-2 Savings and temporary cash investmentsStart of year $433,878$436,496
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$3,840
X-8 Inventories for sale or useStart of year $19,819$25,733
X-9 Prepaid expenses and deferred chargesStart of year $13,609$13,223
X-10c Land, buildings and equipment, netStart of year $292,168$164,895
X-11 Publicly traded securitiesStart of year $153,864$165,242
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $7,500$7,500
X-16 Total assetsStart of year $1,183,397$1,083,782
X-17 Accounts payable and accrued expensesStart of year $408,725$367,262
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $19,035$18,935
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $156,041$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $583,801$386,197
X-27 Net assets without donor restrictionsStart of year $417,648$567,512
X-28 Net assets with donor restrictionsStart of year $181,948$130,073
X-32 Total net assets or fund balancesStart of year $599,596$697,585
X-33 Total liabilities and net assetsStart of year $1,183,397$1,083,782
Part XI · Reconciliation of net assets $697,585 net assets at year end
XI-1 Total revenue$1,016,897
XI-2 Total expenses$909,451
XI-3 Revenue less expenses$107,446
XI-4 Net assets at start of year$599,596
XI-5 Net unrealized gains (losses) on investments−$9,457
XI-10 Net assets at end of year$697,585

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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