Vmts Education INC FY2020 filing

Tax-deductible

Brooklyn, NY501(c)(3)Since 2020Arts & CultureEIN 84-4459778Revenue $1.7M in FY2020

On file with the IRSkiteandkeymedia.com137 Montague Street 132, 11201-3548 · Brooklyn, NYTax-exempt since Aug 2020Publicly supported charity — 170(b)(1)(A)(vi)

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The corporation, through its kite & key media company, exposes new audiences to academic and journalistic research via digital media. The corporation produces internet video content that highlights the findings of academic researchers, think tank fellows, journalists, and other independent scholars. IT distills that work into short-form content aimed at audiences unlikely to have either the time or expertise to engage directly with that research in its original form.

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
$500K 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

FY2020 · 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
5 of 6
filings with a surplus
Average surplus $514K a year · 17% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$500K
to officers and key staff · 61% of spending
Concern: pay to officers and key staff is 61% of spending; over 30%.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
Spent
$821K
To programs
65%
Net assets
$832K
By yearFY2020–FY2025
Revenue
$1.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$2.3M
FY2022$2.0M
FY2023$3.3M
FY2024$3.8M
FY2025$4.6M
Expenses
$821K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$821K
FY2021$1.4M
FY2022$2.1M
FY2023$2.6M
FY2024$3.4M
FY2025$4.2M
Net assets
$832K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$832K
FY2021$1.7M
FY2022$1.7M
FY2023$2.3M
FY2024$2.7M
FY2025$3.1M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Aug 2020.

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

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $537K Management & general 24% · $198K Fundraising 10% · $86K

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

4 people listed on the 990; $500K paid to officers and key staff.

Part VII, Section A · reportable compensation
$278,846Pt VII · Sec A
Vice President
$221,154Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Vanessa Mendoza’s $369K as President/CEO is at the 99th 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 · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Vanessa Mendoza$368,596$362,120$311,538$306,000$300,000$278,846
Troy Senik$305,738$301,600$259,615$255,000$250,000$221,154
Matthew Toyer$241,483$237,404$212,526———
Tara Marie Bares$191,129$195,192————
Tara Marie Lynch——$176,731$167,500$152,500—
Anne Sutton$129,937—————

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.

See Vmts Education INC executive salaries →

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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

Creates short videos explaining academic and journalistic research for wider audiences.

Provided by the organization

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1 program · $537K · in their own filed words · FY2020
01

The corporation will produce internet video content that highlights the findings of academic researchers, think tank fellows, journalists, and other independent scholars. It will distill that work into short-form content aimed at audiences unlikely to have either the time or expertise to engage directly with that research in its original…

$537Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$1.7M
Investment incomeLn 3$99
Money outPt IX
$821K
Ln 25
Programscol B$537K
Managementcol C$198K
Fundraisingcol D$86K
Owns and owesPt X
$832K
net assets · Ln 32
Cash and savingsLn 1–2$832K
Total assetsLn 16$832K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Investment incomeLn 3$99
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
SavingsLn 2$832K
Cash and savings togetherLn 1–2$832K
Total assetsLn 16$832K
LiabilitiesLn 26$0
Net assetsLn 32$832K
OperationsPt I, VI
EmployeesI 516
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$832K
Total assetsLn 16$0$832K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$832K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$500K$316K$114K$70K
Other salaries and wagesLn 7$21K$16K$4K
Payroll taxesLn 10$100K$64K$23K$13K
Legal feesLn 11b$10K$10K
Other fees for servicesLn 11g$113K$71K$42K
OccupancyLn 16$28K$23K$6K
TravelLn 17$3K$3K
Other expenses (24a–d)Ln 24$46K$46K
Total functional expensesLn 25$821K$537K$198K$86K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.6M$4.2M$404K$3.1M 990 PDF
FY2024 $3.8M$3.4M$354K$2.7M 990 PDF
FY2023 $3.3M$2.6M$657K$2.3M 990 PDF
FY2022 $2.0M$2.1M−$48K$1.7M 990 PDF
FY2021 $2.3M$1.4M$885K$1.7M 990 PDF
FY2020 Viewing $1.7M$821K$832K$832K 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 FY2020 990 (6 parts)
Part I · Summary $1,652,431 revenue, 12 lines filed
I-8 Contributions and grants$1,652,332
I-9 Program service revenue$0
I-10 Investment income$99
I-11 Other revenue$0
I-12 Total revenue$1,652,431
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$620,438
I-16a Professional fundraising fees$0
I-17 Other expenses$200,267
I-18 Total expenses$820,705
I-19 Revenue less expenses$831,726
Part VI · Governance 2 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members2
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,652,431 across 4 lines filed
VIII-1f All other contributions, gifts and grants$1,652,332
VIII-1h Total contributions, gifts and grants$1,652,332
VIII-3 Investment incomeExcluded from tax $99$99
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $99$1,652,431
Part IX · Statement of functional expenses $820,705 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $316,346 · Management $113,942 · Fundraising $69,712$500,000
IX-7 Other salaries and wagesPrograms $16,423 · Management $4,106$20,529
IX-10 Payroll taxesPrograms $63,871 · Management $22,658 · Fundraising $13,380$99,909
IX-11b Legal feesManagement $9,782$9,782
IX-11g Other fees for servicesPrograms $71,300 · Management $41,958$113,258
IX-16 OccupancyPrograms $22,578 · Management $5,645$28,223
IX-17 TravelFundraising $3,010$3,010
IX-24 Other expenses (24a–d)Programs $45,994$45,994
IX-25 Total functional expensesPrograms $536,512 · Management $198,091 · Fundraising $86,102$820,705
Part X · Balance sheet $831,726 assets, 6 lines filed
X-2 Savings and temporary cash investments$831,726
X-16 Total assetsStart of year $0$831,726
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$831,726
X-32 Total net assets or fund balancesStart of year $0$831,726
X-33 Total liabilities and net assetsStart of year $0$831,726
Part XI · Reconciliation of net assets $831,726 net assets at year end
XI-1 Total revenue$1,652,431
XI-2 Total expenses$820,705
XI-3 Revenue less expenses$831,726
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$831,726

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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