Civic Intelligence

The Valedictorian Project Inc

990 • Fiscal year 2022 • EIN 85-2099157

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 10, 2023

Organization ProfileWWW.THEVALPROJ.ORG
30 Stoneleigh CircleWatertown, MA 02472

(617) 794-6661

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.03x

Higher debt load relative to assets than 72% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

71st percentile

0.02x

Higher debt load relative to revenue than 71% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

84th percentile

39%

Higher net margin than 84% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

99th percentile

$126,667

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 25.8% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

94th percentile

158%

Faster asset growth than 94% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

89th percentile

151%

Faster revenue growth than 89% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$325,286

Up $199,230 (+158%) from 2021

Net Assets

Up

$315,283

Up $189,277 (+150%) from 2021

Liabilities

Up

$10,003

Up $9,953 (+19906%) from 2021

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin84th percentile

Revenue

Up

$490,230

Up $294,902 (+151%) from 2021

Expenses

Up

$300,953

Up $231,631 (+334%) from 2021

Net Income

Up

$189,277

Up $63,271 (+50%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$400K$300K$200K$100K$0Assets 2021: $126,056Liabilities 2021: $50Net Assets 2021: $126,0062021Assets 2022: $325,286Liabilities 2022: $10,003Net Assets 2022: $315,2832022Assets 2023: $255,362Liabilities 2023: $15,291Net Assets 2023: $240,0712023Assets 2024: $279,665Liabilities 2024: $19,646Net Assets 2024: $260,0192024

Highlighted filing

2022

Assets$325,286
Liabilities$10,003
Net Assets$315,283
Open 2022 Filing

Operations Trend

Revenue Growth89th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2021: $195,328Expenses 2021: $69,322Net Income 2021: $126,0062021Revenue 2022: $490,230Expenses 2022: $300,953Net Income 2022: $189,2772022Revenue 2023: $495,790Expenses 2023: $571,002Net Income 2023: -$75,2122023Revenue 2024: $635,200Expenses 2024: $615,252Net Income 2024: $19,9482024

Highlighted filing

2022

Revenue$490,230
Expenses$300,953
Net Income$189,277
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 10, 2023
Return Version
2021v4.2
Gross Receipts
$490,230
Mission and Program Overview

Mission

The valedictorian project's mentoring relationships break down barriers to equity and close the education -to-employment gap for high-achieving students from urban schools. We recruit and train mentors who are passionate change-makers and committed to a more just future, we believe in a more equitable future where every student has the network and guidance to achieve their goals.

To provide mentorship and assistance to high school valedictorians and other high school students

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$126,056$300,286▲ $174,230
Pledges and Grants Receivable-$25,000-
Total Assets$126,056$325,286▲ $199,230
Liabilities
Accounts Payable and Accrued Expenses-$10,003-
Other Liabilities$50$0▼ $50
Total Liabilities$50$10,003▲ $9,953
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$126,006$211,521▲ $85,515
Net Assets With Donor Restrictions-$103,762-
Total Net Assets Fund Balance$126,006$315,283▲ $189,277
Total Liabilities and Net Assets / Fund Balance$126,056$325,286▲ $199,230
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amy McdermottExecutive DirectorFT$125,000$1,667$126,667

Board Members and Trustees

NameTitle
Warren TolmanBoard Chair/clerk
Dan RiveraDirector
David MannheimDirector
Jacob CitrinDirector
Renee LaundersDirector
Tanya BenzanDirector
Jon SantiagoSecretary
Grace ReganTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$490,230
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$490,230
Change in Net Assets
$189,277
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$190,300
Other Expenses$110,653
Total Fundraising Expense$92,815
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$56,250$46,250$22,500$125,000
Fees for Services Other-$4,350$58,500$62,850
Other Salaries and Wages$29,800$12,125$7,275$49,200
Payroll Taxes$6,814$4,622$2,358$13,794
Other Expenses$2,830$1,552$844$5,226
All Other Expenses-$4,058$944$5,002
Pension Plan Contributions$1,139$773$394$2,306
Total Functional Expenses$127,483$80,655$92,815$300,953
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A draft of the 990 is reviewed by the executive director, president and treasurer prior to voting on acceptance of the 990 by the board of directors.”

Form 990, Part VI, Section B, Line 12C

“The organization has a written conflict of interest policy that is signed annually by all board members and in any situation that a conflict may arise, that board member recuses themselves from any discussion.”

Form 990, Part VI, Section B, Line 15A

“The board of directors reviewed the financial information of like kind organizations of size and mission in help to set the compensation of the executive director,”

Form 990, Part VI, Section C, Line 19

“All public information of governing documents, conflict of interest policy and financial statements are available to the public upon request as well as on guidestar and the massachusetts attorney general's website.”

Form 990 Part VI Section B Lines 13 & 14- Policies

“For the year ended june 30, 2022 the valedictorian project adopted both whistleblower and document retention policies which were put in effect.”

Filing and Contact Details

Filer

Filer Name
The Valedictorian Project Inc
EIN
85-2099157
Phone
6177946661
Address
30 STONELEIGH CIRCLE, WATERTOWN, MA 02472

Signing Officer

Name
Warren Tolman
Title
Board Chair
Phone
6177946661
Signed
2023-03-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Warren Tolman
Formed
2020
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
2
Volunteers
180

Preparer

Firm
Gannon CPA LLC
Address
PO BOX 421, CHELMSFORD, MA 01824
Preparer
Barry Chait
Phone
9782442470
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Finance consultant: program service expenses 0. Management and general expenses 4,350. Fundraising expenses 0. Total expenses 4,350. Development consultant: program service expenses 0. Management and general expenses 0. Fundraising expenses 58,500. Total expenses 58,500.”

Raw XML AppendixShowing 400 of 420 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd01
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt010003
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE MENTORSHIP AND ASSISTANCE TO HIGH SCHOOL VALEDICTORIANS AND OTHER HIGH SCHOOL STUDENTS
IRS990/AllOtherContributionsAmt0490230
IRS990/AllOtherExpensesGrp/FundraisingAmt0944
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt04058
IRS990/AllOtherExpensesGrp/TotalAmt05002
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0WARREN TOLMAN
IRS990/BooksInCareOfDetail/PhoneNum06177946661
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt030 STONELEIGH CIRCLE
IRS990/BooksInCareOfDetail/USAddress/CityNm0WATERTOWN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002472
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0126056
IRS990/CashNonInterestBearingGrp/EOYAmt0300286
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt022500
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt046250
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt056250
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0125000
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0490230
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0110653
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0189277
IRS990/CYSalariesCompEmpBnftPaidAmt0190300
IRS990/CYTotalExpensesAmt0300953
IRS990/CYTotalFundraisingExpenseAmt092815
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0490230
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0TVP LAUNCHED IN THE SPRING OF 2020 WITH 24 VALEDICTORIANS GRADUATING FROM BOSTON PUBLIC SCHOOLS. EACH VALEDICTORIAN WAS PAIRED WITH TWO MENTORS, A PEER AND SENIOR MENTOR, WHO SUPPORTED THEM ON THEIR POST-SECONDARY JOURNEY. THROUGHOUT THE YEAR, TVP OFFERED TRAINING OPPORTUNITIES TO MENTORS AND MENTEES ON TOPICS SUCH AS: BUILDING A STRONG MENTOR-MENTEE RELATIONSHIP, NAVIGATING THE TRANSITION FROM HIGH SCHOOL TO COLLEGE, EXPLORING CAREER OPPORTUNITIES AND PREPARING FOR INTERVIEWS. TVP FREQUENTLY EVALUATED PROGRAM OFFERINGS AND IMPLEMENTED FEEDBACK IN ORDER TO ENSURE MENTEES WERE BEST SUPPORTED. IN ADDITION TO PROGRAM DEVELOPMENT, TVP ESTABLISHED ORGANIZATIONAL INFRASTRUCTURE IN ITS HIRING, ONBOARDING, PAYROLL, ACCOUNTING, FINANCE, AND BUDGET PROCESSES. ADDITIONALLY, THROUGHOUT ITS LAUNCH YEAR, TVP OPERATED SIGNIFICANTLY OFF OF THE VOLUNTEER HOURS OF THE FOUNDER AND CO-FOUNDERS. TVP RECEIVED ITS OFFICIAL 501(C)(3) STATUS IN APRIL OF 2021, WHICH ALLOWED THE ORGANIZATION TO BEGIN APPLYING FOR GRANTS AND EXPANDING ITS DONOR BASE. THE GROUNDWORK LAID IN THE LAUNCH YEAR HAS ALLOWED THE PROGRAM AND ORGANIZATION TO GROW AND EXPAND IN ITS SECOND YEAR AND IN YEAR THREE, TVP EXPANDED ITS PROGRAM TO PARTNER THE SCHOOL DISTRICTS OF BOSTON, LAWRENCE, BROCKTON AND WORCESTER.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0103762
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0127483
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesOtherGrp/FundraisingAmt058500
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt04350
IRS990/FeesForServicesOtherGrp/TotalAmt062850
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt81667
IRS990/Form990PartVIISectionAGrp/PersonNm0WARREN TOLMAN
IRS990/Form990PartVIISectionAGrp/PersonNm1GRACE REGAN
IRS990/Form990PartVIISectionAGrp/PersonNm2JON SANTIAGO
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVID MANNHEIM
IRS990/Form990PartVIISectionAGrp/PersonNm4TANYA BENZAN
IRS990/Form990PartVIISectionAGrp/PersonNm5DAN RIVERA
IRS990/Form990PartVIISectionAGrp/PersonNm6JACOB CITRIN
IRS990/Form990PartVIISectionAGrp/PersonNm7RENEE LAUNDERS
IRS990/Form990PartVIISectionAGrp/PersonNm8AMY MCDERMOTT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8125000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR/CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02020
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0490230
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE VALEDICTORIAN PROJECT'S MENTORING RELATIONSHIPS BREAK DOWN BARRIERS TO EQUITY AND CLOSE THE EDUCATION -TO-EMPLOYMENT GAP FOR HIGH-ACHIEVING STUDENTS FROM URBAN SCHOOLS. WE RECRUIT AND TRAIN MENTORS WHO ARE PASSIONATE CHANGE-MAKERS AND COMMITTED TO A MORE JUST FUTURE, WE BELIEVE IN A MORE EQUITABLE FUTURE WHERE EVERY STUDENT HAS THE NETWORK AND GUIDANCE TO ACHIEVE THEIR GOALS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0126006
IRS990/NetAssetsOrFundBalancesEOYAmt0315283
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0126006
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0211521
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MENTEE SUPPORT FUND
IRS990/OtherExpensesGrp/Desc1OTHER PROGRAM COSTS
IRS990/OtherExpensesGrp/Desc2OFFICE ADMIN COSTS
IRS990/OtherExpensesGrp/Desc3H/R. HEALTH INSURANCE S
IRS990/OtherExpensesGrp/FundraisingAmt0844
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06925
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11552
IRS990/OtherExpensesGrp/ProgramServicesAmt020495
IRS990/OtherExpensesGrp/ProgramServicesAmt110155
IRS990/OtherExpensesGrp/ProgramServicesAmt22830
IRS990/OtherExpensesGrp/TotalAmt020495
IRS990/OtherExpensesGrp/TotalAmt110155
IRS990/OtherExpensesGrp/TotalAmt26925
IRS990/OtherExpensesGrp/TotalAmt35226
IRS990/OtherLiabilitiesGrp/BOYAmt050
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt07275
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt012125
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt029800
IRS990/OtherSalariesAndWagesGrp/TotalAmt049200
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02358
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04622
IRS990/PayrollTaxesGrp/ProgramServicesAmt06814
IRS990/PayrollTaxesGrp/TotalAmt013794
IRS990/PensionPlanContributionsGrp/FundraisingAmt0394
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0773
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01139
IRS990/PensionPlanContributionsGrp/TotalAmt02306
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt025000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0WARREN TOLMAN
IRS990/ProfessionalFundraisingInd01
IRS990/ProgSrvcAccomActy2Grp/Desc0DURING THE YEAR TVP WAS ABLE TO RECRUIT AND TRAIN 180 MENTORS TO PARTICIPATE IN THE PROGRAM.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0195328
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt044162
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0126006
IRS990/PYSalariesCompEmpBnftPaidAmt025160
IRS990/PYTotalExpensesAmt069322
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0195328
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0189277
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION WAS INCORPORATED ON JUNE 8, 2020 AND THE FIRST YEAR WAS 22 DAYS AND ENDED ON JUNE 30, 2020. NO REVENUE WAS RECEIVED IN THESE 22 DAYS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, SHORT YEAR EXPLANATION:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0490230
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0195328
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0685558
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0211535
IRS990ScheduleA/SubstantialContributorsTotAmt0474023
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0490230
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0195328
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0685558
IRS990ScheduleA/TotalSupportAmt0685558
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleG/AgrmtProfFundraisingActyInd01
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0STRATEGIC PLANNING AND SOLICITATION OF CONTRIBUTIONS
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt0172630
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0114130
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0DLM STRATEGIES
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt058500
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt06 ESSEX STREET
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0CHARLESTOWN
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd002129
IRS990ScheduleG/LicensedStatesCd0MA
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/TotalGrossReceiptsAmt0172630
IRS990ScheduleG/TotalNetToOrganizationAmt0114130
IRS990ScheduleG/TotalRetainedByContractorsAmt058500
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0125000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt01667
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0AMY MCDERMOTT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0126667
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR, PRESIDENT AND TREASURER PRIOR TO VOTING ON ACCEPTANCE OF THE 990 BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT IS SIGNED ANNUALLY BY ALL BOARD MEMBERS AND IN ANY SITUATION THAT A CONFLICT MAY ARISE, THAT BOARD MEMBER RECUSES THEMSELVES FROM ANY DISCUSSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWED THE FINANCIAL INFORMATION OF LIKE KIND ORGANIZATIONS OF SIZE AND MISSION IN HELP TO SET THE COMPENSATION OF THE EXECUTIVE DIRECTOR,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL PUBLIC INFORMATION OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AS WELL AS ON GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FOR THE YEAR ENDED JUNE 30, 2022 THE VALEDICTORIAN PROJECT ADOPTED BOTH WHISTLEBLOWER AND DOCUMENT RETENTION POLICIES WHICH WERE PUT IN EFFECT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FINANCE CONSULTANT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,350. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,350. DEVELOPMENT CONSULTANT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 58,500. TOTAL EXPENSES 58,500.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART VI SECTION B LINES 13 & 14- POLICIES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0126056
IRS990/TotalAssetsEOYAmt0325286
IRS990/TotalAssetsGrp/BOYAmt0126056
IRS990/TotalAssetsGrp/EOYAmt0325286
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0490230
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt092815
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt080655
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0127483
IRS990/TotalFunctionalExpensesGrp/TotalAmt0300953
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt050
IRS990/TotalLiabilitiesEOYAmt010003
IRS990/TotalLiabilitiesGrp/BOYAmt050
IRS990/TotalLiabilitiesGrp/EOYAmt010003
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0126006
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0315283
IRS990/TotalOtherCompensationAmt01667
IRS990/TotalProgramServiceExpensesAmt0127483
IRS990/TotalReportableCompFromOrgAmt0125000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0490230
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0180
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0126056
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0325286
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt030 STONELEIGH CIRCLE
IRS990/USAddress/CityNm0WATERTOWN
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002472
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.THEVALPROJ.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WARREN TOLMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum06177946661
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-03-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE VALEDICTORIAN PROJECT INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O WARREN TOLMAN
ReturnHeader/Filer/BusinessNameControlTxt0VALE
ReturnHeader/Filer/EIN0852099157
ReturnHeader/Filer/PhoneNum06177946661

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$325,286
Liabilities
$10,003
Net assets
$315,283
Revenue
$490,230
Expenses
$300,953
Net income
$189,277
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.80$0.20$2.60$6.35$6.15$0.20
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.55$0.15$2.40$4.96$5.71$0.75
2022Detailed filing. Detailed filing data is available for this year.$3.25$0.10$3.15$4.90$3.01$1.89
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.26$0.00$1.26$1.95$0.69$1.26