Mega Mentors EIN 37-1700539

Mega Mentors FY2023 filing

EIN  37-1700539 Public charity (501(c)(3)) Midlothian, VA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
Improves lives of African-American and under-represented students in Chesterfield County Public Schools.
Leadership
Ed Baine · President
Money in and out
$163K revenue, $180K expenses
Bottom line
73% program efficiency

Improves lives of African-American and under-represented students in Chesterfield County Public Schools. For fiscal year 2023 it reported $163K in revenue, $180K in expenses, and $99K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$163K
Pt VIII · Ln 12
Total expenses
$180K
Pt IX · Ln 25
Net assets
$99K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$17K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.14 Fundraising $0.13
Program efficiency
73%
of spending reaches programs
Operating runway
7.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-11%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$163K
FY2023▼ -9%
Total revenue
$163K
Pt VIII · Ln 12
Total expenses
$180K
Pt IX · Ln 25
Net assets
$99K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$17K
Total assetsPt X · Ln 16$114K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 419
Mission & Programs · Part III

Where the work happens

3 program services account for $131K of program spending, described in the organization's own filed words · FY2022.
01

Mentoring involves our mentorship programs for grades 6-8 where emphasis is placed on character development and life skills, and grades 9-12 CAREER/COLLEGE exposure and preparation. Also, reading programs for grades 3-5 focus on foundational literacy, and combine reading and relationships to give students a solid basis from which to grow.

$93Kprogram expense
02

Annual Excellence Awards and Recognition Celebration

This annual event is a school year-end celebration of achievement and recognition of students, volunteers and school administrators who represent mega mentors core values of respect, responsibility, effort, and achievement.

$38Kprogram expense
03

Program Performance

A customized database was developed and is utilized for reporting the programs metrics of students and volunteers for all mentoring and related activities.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMega Mentors
EINHdr · item D37-1700539
Principal addressHdr · item CMidlothian, VA
WebsiteHdr · item Jwww.megamentors.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O30)
Ruling yearIRS BMFJun 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a19
Independent voting membersPt VI · Ln 1b19
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President Programs
$0Pt VII · Sec A
Vice President Administration
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
At-Large Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants101%$165K
Investment income$48
Total revenueLn 12$163K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.14 Fundraising $0.13
Program services73%$131K
Management & general14%$26K
Fundraising13%$23K
Total functional expensesLn 25$180K

Balance Sheet

Part X · end of year
CashLn 1$114K
Total assetsLn 16$114K
Total liabilitiesLn 26$16K
Total net assetsLn 32$99K
Months of cash on handcomputed7.6

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $114K · Operating expenses/yr $180K
7.6 months
Where the money goes
Program services
Program services $131K · Total expenses $180K
73%
Management & General
Management & general $26K · Total expenses $180K
14%
Fundraising
Fundraising $23K · Total expenses $180K
13%
Cost to raise $1
Fundraising expense $23K · Solicited contributions $165K
$0.14 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $165K · Total revenue $163K
101%
Government reliance
Government grants — · Total revenue $163K
Earned-income share
Program service revenue $0 · Total revenue $163K
0%
Investment reliance
Investment income $48 · Total revenue $163K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $180K
0%
Growth & trend
Revenue growth (YoY)
This year $163K · Prior year $178K
-9%
Net-asset trend (YoY)
End of year $99K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $163K · Expenses $180K
-11%
Liabilities-to-Assets
Total liabilities — · Total assets $114K
Net-asset ratio
Net assets $99K · Total assets $114K
86%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $114K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Ed Baine · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $180K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $82K · Total expenses $180K
46%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 14%
Fundraising cost ratio 14%
Revenue growth -9%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$32K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$74K revenue · ⤓ 990 PDF
FY2024$96K revenue · ⤓ 990 PDF
FY2023$163K revenue · viewing · ⤓ 990 PDF
FY2022$178K revenue · ⤓ 990 PDF
FY2021$83K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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