Florida Mentoring Network INC FY2024 filing

Tax-deductible

West Palm Bch, FL501(c)(3)EducationEIN 93-4355322Revenue $433K in FY2024

On file with the IRSxcelflorida.com700 S Rosemary Ave Ste 204, 33401-6310 · West Palm Bch, FLTax-exempt since Dec 2023Publicly supported charity — 170(b)(1)(A)(vi)

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Mission statement: xcel fuels young people with purpose by equipping them with purpose-driven opportunities for growth and success. Xcel is dedicated to empowering youth ages 13 to 25 to realize their fullest potential through a dynamic Mentoring Network that integrates transformative Mentoring with mobile training units that facilitate hands-on learning experiences and foster the development of both hard and soft skills. Vision statement: our vision is to deliver exceptional programming that transcends barriers, ensuring accessibility to underprivileged populations. We aim to empower youth who lack consistent adult support by providing them with opportunities for personal growth and essential skills for thriving in trade careers or innovation fields.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$250K 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

FY2024 · 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 2
filings with a surplus
Average surplus $81K a year · 12% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$250K
to officers and key staff · 87% of spending
Concern: pay to officers and key staff is 87% of spending; over 30%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $585K
Looks good: 4 funders name it on their filings; 3 or more.
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
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$433K
Spent
$289K
To programs
100%
Net assets
$169K
By yearFY2024–FY2025
Revenue
$433K
FY2024
Tap a bar for its year
Revenue by fiscal year
FY2024$433K
FY2025$934K
Expenses
$289K
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2024$289K
FY2025$916K
Net assets
$169K
FY2024
Tap a bar for its year
Net assets by fiscal year
FY2024$169K
FY2025$186K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2023.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $289K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990; $250K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Di
$100,000Pt VII · Sec A
Director Ope
$80,000Pt VII · Sec A
Director of
$70,000Pt VII · Sec A

Thomas Rivera’s $103K as Executive Director is at the 85th percentile of top reported officer pay among 1613 $100K–1M education 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

NameFY2025FY2024
Thomas Rivera$103,000$100,000
Christina Barone$80,000$80,000
Jennifer Damico$70,000$70,000

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 Florida Mentoring Network 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

Equips young people with purpose through mentoring and hands-on training for growth and success.

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Provided by the organization

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1 program · $104K · in their own filed words · FY2023
01

Our Mentees' Success Stories

98% advance to the next grade level. 92% complete life skills training. 76% acquire technical skills through mobile training units. 83% stay with xcel for 3 years or more. 83% of eligible youth secure apprenticeships. 98% of eligible youth obtain entry-level jobs.

$104Kprogram 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
See all 4 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$433K
Ln 12
Gifts and grantsLn 1h$384K
Fees for servicesLn 2g$48K
Money outPt IX
$289K
Ln 25
Programscol B$289K
Owns and owesPt X
$169K
net assets · Ln 32
Cash and savingsLn 1–2$169K
Total assetsLn 16$169K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A3
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$384K
Fees for servicesLn 2g$48K
Total revenueLn 12$433K
Assets in detailPt X, end of year
CashLn 1$169K
Cash and savings togetherLn 1–2$169K
Total assetsLn 16$169K
LiabilitiesLn 26$0
Net assetsLn 32$169K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderJune
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 FY24End FY24
Cash and savingsLn 1–2$169K
Total assetsLn 16$0$169K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$169K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$123K$123K
Payroll taxesLn 10$27K$27K
Management feesLn 11a$5K$5K
Legal feesLn 11b$4K$4K
Other fees for servicesLn 11g$41K$41K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$2K$2K
Information technologyLn 14$2K$2K
OccupancyLn 16$2K$2K
TravelLn 17$9K$9K
Conferences, conventions and meetingsLn 19$64K$64K
Depreciation, depletion and amortizationLn 22$4$4
Other expenses (24a–d)Ln 24$7K$7K
Total functional expensesLn 25$289K$289K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $934K$916K$18K$186K 990 PDF
FY2024 Viewing $433K$289K$144K$169K 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 FY2024 990 (6 parts)
Part I · Summary $432,572 revenue, 12 lines filed
I-8 Contributions and grants$384,337
I-9 Program service revenue$48,235
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$432,572
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$150,405
I-16a Professional fundraising fees$0
I-17 Other expenses$138,117
I-18 Total expenses$288,522
I-19 Revenue less expenses$144,050
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $432,572 across 4 lines filed
VIII-1f All other contributions, gifts and grants$384,337
VIII-1h Total contributions, gifts and grants$384,337
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $48,235$48,235
VIII-12 Total revenueRelated to mission $48,235$432,572
Part IX · Statement of functional expenses $288,522 across 13 lines filed
IX-7 Other salaries and wagesPrograms $123,261$123,261
IX-10 Payroll taxesPrograms $27,144$27,144
IX-11a Management feesPrograms $4,709$4,709
IX-11b Legal feesPrograms $4,000$4,000
IX-11g Other fees for servicesPrograms $40,655$40,655
IX-12 Advertising and promotionPrograms $4,002$4,002
IX-13 Office expensesPrograms $1,573$1,573
IX-14 Information technologyPrograms $1,706$1,706
IX-16 OccupancyPrograms $1,857$1,857
IX-17 TravelPrograms $8,583$8,583
IX-19 Conferences, conventions and meetingsPrograms $63,740$63,740
IX-22 Depreciation, depletion and amortizationPrograms $4$4
IX-24 Other expenses (24a–d)Programs $7,288$7,288
IX-25 Total functional expensesPrograms $288,522 · Management $0 · Fundraising $0$288,522
Part X · Balance sheet $169,091 assets, 5 lines filed
X-1 Cash, non-interest-bearing$169,091
X-16 Total assetsStart of year $0$169,091
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0$169,091
X-33 Total liabilities and net assetsStart of year $0$169,091
Part XI · Reconciliation of net assets $169,091 net assets at year end
XI-1 Total revenue$432,572
XI-2 Total expenses$288,522
XI-3 Revenue less expenses$144,050
XI-10 Net assets at end of year$169,091

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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