Medtech and Biotech Veterans Program INC FY2023 filing

Tax-deductible

S Hamilton, MA501(c)(3)Since 2014EmploymentEIN 46-5019277Revenue $299K in FY2023

On file with the IRSmvpvets.org10 Villa Rd, 01982-2709 · S Hamilton, MATax-exempt since Oct 2014Publicly supported charity — 170(b)(1)(A)(vi)

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Reduce veteran unemployment via training and mentoring. Assist and prepare transitioning military veterans for meaningful employment in life science companies.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$81K 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

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $23K 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
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$81K
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $25K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$25K
27% of total assets
Looks good: liabilities are 27% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 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
$299K
+39% vs prior year
Spent
$354K
To programs
88%
Net assets
$67K
By yearFY2020–FY2024
Revenue
$299K
FY2023▲ +39%
Tap a bar for its year
Revenue by fiscal year
FY2020$176K
FY2021$209K
FY2022$216K
FY2023$299K
FY2024$407K
Expenses
$354K
FY2023▲ +67%
Tap a bar for its year
Expenses by fiscal year
FY2020$221K
FY2021$186K
FY2022$212K
FY2023$354K
FY2024$449K
Net assets
$67K
FY2023▼ -45%
Tap a bar for its year
Net assets by fiscal year
FY2020$96K
FY2021$118K
FY2022$122K
FY2023$67K
FY2024$25K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2014.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $311K Management & general 10% · $36K Fundraising 2% · $7K

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

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Who runs it and what they're paid

13 people listed on the 990; $81K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director of Operations
$81,400Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Stephen J Mapa JR’s $88K as President and Executive Director is at the 76th percentile of top reported officer pay among 1216 $100K–1M employment 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Stephen J Mapa JR$87,692———
Amy Reiter$71,594$81,400$63,067—
Victoria Hathaway———$78,385

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 15aNo

Programs and updates

Trains and mentors veterans to find jobs in life science companies.

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Provided by the organization

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3 programs · $311K · in their own filed words · FY2023
01

Conduct veteran career workshops in partnership with life science corporate partners to connect veterans with industry mentors and associated HR/TA professionals to explore employment opportunities.

$160Kprogram expense
02

Workshops to join veterans, mentors, and facilitators for training in the Life Science industry, employment skills training, and mentorship.

$115Kprogram expense
03

Bring transitioning veterans, life science industry mentors, and life science companies together, through a collaborative web portal that provides individual job matching with partner companies, personalized mentoring matching opportunities for registered members, online learning & training with educational partners STEAMBeyond and…

$36Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$25K
See all 3 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$299K
Ln 12
Gifts and grantsLn 1h$298K
Fees for servicesLn 2g$1K
Money outPt IX
$354K
Ln 25
Programscol B$311K
Managementcol C$36K
Fundraisingcol D$7K
Owns and owesPt X
$67K
net assets · Ln 32
Cash and savingsLn 1–2$91K
Total assetsLn 16$91K
LiabilitiesLn 26$25K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$298K
Fees for servicesLn 2g$1K
Total revenueLn 12$299K
Assets in detailPt X, end of year
CashLn 1$91K
Cash and savings togetherLn 1–2$91K
Total assetsLn 16$91K
LiabilitiesLn 26$25K
Net assetsLn 32$67K
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$130K$91K
Total assetsLn 16$130K$91K
LiabilitiesLn 26$9K$25K
Net assetsLn 32$122K$67K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$126K$101K$19K$6K
Other employee benefitsLn 9$8K$6K$1K$390
Payroll taxesLn 10$10K$8K$1K$482
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$36K$36K
Advertising and promotionLn 12$129K$129K
Office expensesLn 13$8K$8K
TravelLn 17$27K$27K
Other expenses (24a–d)Ln 24$6K$4K$2K
Total functional expensesLn 25$354K$311K$36K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $407K$449K−$42K$25K 990 PDF
FY2023 Viewing $299K$354K−$55K$67K 990 PDF
FY2022 $216K$212K$4K$122K 990 PDF
FY2021 $209K$186K$22K$118K 990 PDF
FY2020 $176K$221K−$45K$96K 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 FY2023 990 (6 parts)
Part I · Summary $299,203 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $215,000$298,030
I-9 Program service revenuePrior year $898$1,173
I-10 Investment incomePrior year $6$0
I-11 Other revenue$0
I-12 Total revenuePrior year $215,904$299,203
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $67,133$143,511
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $144,687$210,858
I-18 Total expensesPrior year $211,820$354,369
I-19 Revenue less expensesPrior year $4,084−$55,166
Part VI · Governance 4 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $299,203 across 5 lines filed
VIII-1b Membership dues$334
VIII-1f All other contributions, gifts and grants$297,696
VIII-1h Total contributions, gifts and grants$298,030
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,173$1,173
VIII-12 Total revenueRelated to mission $1,173 · Unrelated business $0 · Excluded from tax $0$299,203
Part IX · Statement of functional expenses $354,369 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $100,853 · Management $18,911 · Fundraising $6,303$126,067
IX-9 Other employee benefitsPrograms $6,240 · Management $1,170 · Fundraising $390$7,800
IX-10 Payroll taxesPrograms $7,715 · Management $1,447 · Fundraising $482$9,644
IX-11c Accounting feesManagement $4,428$4,428
IX-11g Other fees for servicesPrograms $36,201$36,201
IX-12 Advertising and promotionPrograms $128,889$128,889
IX-13 Office expensesManagement $8,364$8,364
IX-17 TravelPrograms $26,869$26,869
IX-24 Other expenses (24a–d)Programs $4,250 · Management $1,857$6,107
IX-25 Total functional expensesPrograms $311,017 · Management $36,177 · Fundraising $7,175$354,369
Part X · Balance sheet $91,499 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $130,383$91,499
X-16 Total assetsStart of year $130,383$91,499
X-17 Accounts payable and accrued expensesStart of year $4,338$8,510
X-24 Unsecured notes and loans payableStart of year $4,206$16,316
X-26 Total liabilitiesStart of year $8,544$24,826
X-27 Net assets without donor restrictionsStart of year $121,839$66,673
X-32 Total net assets or fund balancesStart of year $121,839$66,673
X-33 Total liabilities and net assetsStart of year $130,383$91,499
Part XI · Reconciliation of net assets $66,673 net assets at year end
XI-1 Total revenue$299,203
XI-2 Total expenses$354,369
XI-3 Revenue less expenses−$55,166
XI-4 Net assets at start of year$121,839
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$66,673

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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