Civic Intelligence

Mentornet

990 • Fiscal year 2014 • EIN 77-0547710

Jul 01, 2013 to Jun 30, 2014 • Filed on Dec 08, 2014

PO Box 37Monterey Park, CA 94038

(408) 607-4338

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

60th percentile

0.11x

Higher debt load relative to assets than 60% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.06x

Higher debt load relative to revenue than 55% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

88th percentile

39%

Higher net margin than 88% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

53rd percentile

$20,800

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

97th percentile

166%

Faster asset growth than 97% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

96th percentile

197%

Faster revenue growth than 96% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Up

$314,701

Up $196,200 (+166%) from 2013

Net Assets

Up

$280,569

Up $215,965 (+334%) from 2013

Liabilities

Down

$34,132

Down $19,765 (-37%) from 2013

Revenue

$552,871

No earlier filing loaded for comparison.

Expenses

Down

$336,905

Down $69,505 (-17%) from 2013

Net Income

$215,966

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2011: $596,895Liabilities 2011: $40,950Net Assets 2011: $555,9452011Assets 2012: $332,983Liabilities 2012: $48,184Net Assets 2012: $284,7992012Assets 2013: $118,501Liabilities 2013: $53,897Net Assets 2013: $64,6042013Assets 2014: $314,701Liabilities 2014: $34,132Net Assets 2014: $280,5692014

Highlighted filing

2014

Assets$314,701
Liabilities$34,132
Net Assets$280,569

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2011: $743,4632011Revenue 2012: $394,520Expenses 2012: $665,666Net Income 2012: -$271,1462012Expenses 2013: $406,4102013Revenue 2014: $552,871Expenses 2014: $336,905Net Income 2014: $215,9662014

Highlighted filing

2014

Revenue$552,871
Expenses$336,905
Net Income$215,966
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Dec 8, 2014
Return Version
2013v3.1
Gross Receipts
$552,871
Mission and Program Overview

Mission

To foster a prevalent culture of mentoring in science, technology, engineering and mathematics (STEM) that empowers individuals to persist and succeed in their fields.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$33,721$159,727▲ $126,006
Intangible Assets-$109,700-
Savings and Temporary Cash Investments$57,242$0▼ $57,242
Accounts Receivable$150$31,916▲ $31,766
Prepaid Expenses and Deferred Charges$26,189$13,358▼ $12,831
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Inventories for Sale or Use-$0-
Total Assets$118,501$314,701▲ $196,200
Other Assets Total$1,199$0▼ $1,199
Liabilities
Accounts Payable and Accrued Expenses$53,898$34,132▼ $19,766
Total Liabilities$53,898$34,132▼ $19,766
Net Assets / Fund Balance
Unrestricted Net Assets$7,362$238,820▲ $231,458
Temporarily Rstr Net Assets$57,241$41,749▼ $15,492
Total Net Assets Fund Balance$64,603$280,569▲ $215,966
Total Liabilities and Net Assets / Fund Balance$118,501$314,701▲ $196,200

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$260,983$260,983
Compensation and Service Providers

Employees

NameTitleBaseTotal
Mary FernandezCEO$20,800$20,800

Board Members and Trustees

NameTitle
Robin EvittsBoard Chair
Coco BrownBoard Member
Ginna RaahaugeBoard Member
Robert SchnabelBoard Member
Geraldine Mc GrathSecretary
Lloyd TaylorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$552,867
Program Service Revenue
$0
Investment Income
$4
Other Revenue
$0
All Other Contributions
$548,360
Change in Net Assets
$215,966

Audited Revenue Reconciliation

Revenue per Audited Statements
$552,871
Revenue Not Reported on Form 990
$12,460
Total Revenue per Audited Statements
$565,331
Total Revenue per Form 990
$552,871
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$238,477
Total Fundraising Expense$131,560
Salaries, Compensation, and Employee Benefits$93,428
Grants and Similar Amounts Paid$5,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$18,688$22,964$102,195$143,847
Other Salaries and Wages$48,712$6,605$3,847$59,164
Travel$9,027$10,726$7,959$27,712
Information Technology$23,800$1,912$343$26,055
Current Officers, Directors, Trustees, and Key Employees$17,125$2,322$1,353$20,800
Advertising--$15,014$15,014
Fees for Services Accounting-$10,779-$10,779
Payroll Taxes$5,268$2,830$499$8,597
Grants to Domestic Individuals$5,000--$5,000
Other Employee Benefits$3,584$1,283-$4,867
Insurance-$3,533-$3,533
Office Expenses$697$722-$1,419
Conferences and Meetings$1,000-$350$1,350
Occupancy-$1,198-$1,198
Other Expenses$3,437$75-$75
Total Functional Expenses$136,372$68,973$131,560$336,905

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$349,365
Expenses per Audited Statements$336,905
Total Expenses per Form 990$336,905
Expenses Not Reported on Form 990$12,460
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Coco BrownBrd MbrConsulting svcsNo$34,574
Cheryl CostalesMother-BODAccounting svcsNo$1,950

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Coco Brown, a board member and former COO of MentorNet, in an arms length transactions performed consulting services for Organization. The amount paid to the Board Member was $34,574.In an arms length transaction, the mother of one of the Board members perform accounting services. The amount paid to the board member's mother was $1,950.

Form 990, Part VI, Line 11B: Form 990 Review Process

The tax return is prepared by an outside accounting firm. After completion of said returns, the organization is sent a draft of the tax returns to be reviewed and examined. The organization makes copies of the returns and distributes to those individuals charged with governance. Those individuals at that time can review and if applicable discuss any line items in the return with the accountant who has prepared the return. If all items are found to be acceptable, an affidavit is signed to authorize the outside accounting firm to process, sign and provide copies of the returns to be filed with the designated governmental agencies. Before the tax returns are filed, a final tax return copy is forwarded to all Board members. The tax returns are then signed by the organization, stamped with certified return receipt and timely placed in the mail for filing.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents are available for public inspection at the principal place of business.The organization's financial statements are available upon request

Filing and Contact Details

Filer

EIN
77-0547710
Phone
4086074338

Signing Officer

Name
Mary Fernandez
Title
CEO
Signed
2014-12-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Fernandez
Formed
1999
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
8

Preparer

Preparer
Madeleine M Rocamora
Phone
9256030800
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2: New Services

Expanded mentoring program to serve all STEM students pursuing STEM degrees and who are attending accredited institutions of higher education in the U.S.(from associates degrees to Ph.D.s).

Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services

Suspended former program so as to design, implement and deploy new mentoring platform and mentor-mentee-training, and to design & implement new programmatic content for mentor-mentee pairs.

Financial Statement Notes

Part X : FIN48 Footnote

The Organization has received tax-exempt status under Section 501(c)(3) of the Internal Revenue Code, and Section 23701(d) of the State of California Revenue and Taxation Code.The Organization has adopted the accounting guidance related to uncertain tax positions, and has evaluated its tax positions and believes that all of the positions taken by the Organization in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination.

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IRS990/PrincipalOfficerNm0Mary Fernandez
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization has received tax-exempt status under Section 501(c)(3) of the Internal Revenue Code, and Section 23701(d) of the State of California Revenue and Taxation Code.The Organization has adopted the accounting guidance related to uncertain tax positions, and has evaluated its tax positions and believes that all of the positions taken by the Organization in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Coco Brown
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1Cheryl Costales
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Brd Mbr
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1Mother-BOD
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Consulting svcs
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Accounting svcs
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Expanded mentoring program to serve all STEM students pursuing STEM degrees and who are attending accredited institutions of higher education in the U.S.(from associates degrees to Ph.D.s).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Suspended former program so as to design, implement and deploy new mentoring platform and mentor-mentee-training, and to design & implement new programmatic content for mentor-mentee pairs.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Coco Brown, a board member and former COO of MentorNet, in an arms length transactions performed consulting services for Organization. The amount paid to the Board Member was $34,574.In an arms length transaction, the mother of one of the Board members perform accounting services. The amount paid to the board member's mother was $1,950.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The tax return is prepared by an outside accounting firm. After completion of said returns, the organization is sent a draft of the tax returns to be reviewed and examined. The organization makes copies of the returns and distributes to those individuals charged with governance. Those individuals at that time can review and if applicable discuss any line items in the return with the accountant who has prepared the return. If all items are found to be acceptable, an affidavit is signed to authorize the outside accounting firm to process, sign and provide copies of the returns to be filed with the designated governmental agencies. Before the tax returns are filed, a final tax return copy is forwarded to all Board members. The tax returns are then signed by the organization, stamped with certified return receipt and timely placed in the mail for filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents are available for public inspection at the principal place of business.The organization's financial statements are available upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 2: New Services
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false

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