Vmts Education INC FY2022 filing

Tax-deductible

Brooklyn, NY501(c)(3)Since 2020Arts & CultureEIN 84-4459778Revenue $2.0M in FY2022

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.
78¢ of each $1 spent went to programs.
$728K 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
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
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$728K
to officers and key staff · 35% of spending
Concern: pay to officers and key staff is 35% of spending; over 30%.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.4 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
$25K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 7 voting members
Looks good: 5 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
-11% vs prior year
Spent
$2.1M
To programs
78%
Net assets
$1.7M
By yearFY2020–FY2025
Revenue
$2.0M
FY2022▼ -11%
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
$2.1M
FY2022▲ +47%
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
$1.7M
FY2022▼ -3%
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 FY2022 Form 990 · 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 Aug 2020.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $1.6M Management & general 16% · $325K Fundraising 6% · $135K

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

8 people listed on the 990; $728K paid to officers and key staff.

Part VII, Section A · reportable compensation
$306,000Pt VII · Sec A
Vice President
$255,000Pt VII · Sec A
Chief Marketing Officer
$167,500Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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.

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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.

Questions for Vmts Education INC

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Provided by the organization

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1 program · $1.6M · in their own filed words · FY2022
01

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.

$1.6Mprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$2.0M
Investment incomeLn 3$328
Money outPt IX
$2.1M
Ln 25
Programscol B$1.6M
Managementcol C$325K
Fundraisingcol D$135K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$1.7M
LiabilitiesLn 26$25K
PeoplePt VI, VII
8
listed · VII A
PaidVII A3
Voting boardVI 1a7
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.0M
Investment incomeLn 3$328
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
SavingsLn 2$1.6M
Cash and savings togetherLn 1–2$1.6M
Land, buildings, equipmentLn 10c$8K
Total assetsLn 16$1.7M
LiabilitiesLn 26$25K
Net assetsLn 32$1.7M
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 FY22End FY22
Cash and savingsLn 1–2$1.5M$1.6M
Land, buildings, equipmentLn 10c$3K$8K
Total assetsLn 16$1.7M$1.7M
LiabilitiesLn 26$2K$25K
Net assetsLn 32$1.7M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$561K$357K$128K$76K
Other salaries and wagesLn 7$456K$331K$106K$18K
Other employee benefitsLn 9$22K$15K$5K$2K
Payroll taxesLn 10$52K$35K$12K$5K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$39K$39K
Other fees for servicesLn 11g$656$656
Advertising and promotionLn 12$593K$593K
Office expensesLn 13$21K$21K
OccupancyLn 16$26K$21K$5K
TravelLn 17$36K$2K$1K$33K
Depreciation, depletion and amortizationLn 22$2K$2K$547$221
InsuranceLn 23$6K$4K$1K$599
Other expenses (24a–d)Ln 24$266K$266K
Total functional expensesLn 25$2.1M$1.6M$325K$135K

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 Viewing $2.0M$2.1M−$48K$1.7M 990 PDF
FY2021 $2.3M$1.4M$885K$1.7M 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $2,037,836 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,300,029$2,037,508
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $568$328
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,300,597$2,037,836
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $758,573$1,090,804
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $657,057$994,868
I-18 Total expensesPrior year $1,415,630$2,085,672
I-19 Revenue less expensesPrior year $884,967−$47,836
Part VI · Governance 5 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members5
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 $2,037,836 across 4 lines filed
VIII-1f All other contributions, gifts and grants$2,037,508
VIII-1h Total contributions, gifts and grants$2,037,508
VIII-3 Investment incomeExcluded from tax $328$328
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $328$2,037,836
Part IX · Statement of functional expenses $2,085,672 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $357,000 · Management $127,500 · Fundraising $76,500$561,000
IX-7 Other salaries and wagesPrograms $331,445 · Management $106,358 · Fundraising $18,214$456,017
IX-9 Other employee benefitsPrograms $14,664 · Management $4,981 · Fundraising $2,018$21,663
IX-10 Payroll taxesPrograms $35,284 · Management $11,986 · Fundraising $4,854$52,124
IX-11b Legal feesManagement $5,110$5,110
IX-11c Accounting feesManagement $38,859$38,859
IX-11g Other fees for servicesPrograms $656$656
IX-12 Advertising and promotionPrograms $592,588$592,588
IX-13 Office expensesManagement $21,388$21,388
IX-16 OccupancyPrograms $20,608 · Management $5,152$25,760
IX-17 TravelPrograms $1,793 · Management $1,267 · Fundraising $32,532$35,592
IX-22 Depreciation, depletion and amortizationPrograms $1,609 · Management $547 · Fundraising $221$2,377
IX-23 InsurancePrograms $4,355 · Management $1,479 · Fundraising $599$6,433
IX-24 Other expenses (24a–d)Programs $266,105$266,105
IX-25 Total functional expensesPrograms $1,626,107 · Management $324,627 · Fundraising $134,938$2,085,672
Part X · Balance sheet $1,693,461 assets, 9 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,541,277$1,628,385
X-3 Pledges and grants receivableStart of year $175,100$57,000
X-10c Land, buildings and equipment, netStart of year $2,720$8,076
X-16 Total assetsStart of year $1,719,097$1,693,461
X-17 Accounts payable and accrued expensesStart of year $2,404$24,604
X-26 Total liabilitiesStart of year $2,404$24,604
X-27 Net assets without donor restrictionsStart of year $1,716,693$1,668,857
X-32 Total net assets or fund balancesStart of year $1,716,693$1,668,857
X-33 Total liabilities and net assetsStart of year $1,719,097$1,693,461
Part XI · Reconciliation of net assets $1,668,857 net assets at year end
XI-1 Total revenue$2,037,836
XI-2 Total expenses$2,085,672
XI-3 Revenue less expenses−$47,836
XI-4 Net assets at start of year$1,716,693
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,668,857

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

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