VALLEY VENTURE MENTORING SERVICE INC

Address
1500 MAIN STREET NO 252
SPRINGFIELD, MA 01115
Contact
Website: http://www.valleyventurementors.org
Phone: +1 (413) 337-2887
Nonprofit
NTEE: S20 - Community, Neighborhood Development, Improvement (General)
EIN: 04-3268603

Mission

VALLEY VENTURE MENTORS IS A NONPROFIT BASED IN SPRINGFIELD, MASSACHUSETTS THAT PROVIDES KEY SUPPORT TO THE ENTREPRENEURIAL ECOSYSTEM THROUGH ITS TWO PROGRAMS: MENTORSHIP AND ACCELERATOR.
 20162015201320122011
Basic features of the organization
Year of formation1996
Subsection code03
Form of organization
CorporationTrue
Metropolitan statistical area8003
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$0.00$0.00   
Number of employees00   
Number of people compensated >$100k00   
Number of volunteers0800   
Number of highly compensated contractors00   
Personnel
Barajas-Roman, Elizabeth
TitleDIRECTOR    
Name of key/compensated personELIZABETH BARAJAS-ROMAN    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org2.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Berry, Ray
TitleDIRECTOR    
Name of key/compensated personRAY BERRY    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org2.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Doherty, Dianne
TitleDIRECTOR    
Name of key/compensated personDIANNE FULLER DOHERTY    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org2.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Duda, James
Title  CLERKCLERKCLERK
Name of key/compensated person  JAMES DUDAJAMES DUDAJAMES DUDA
Reportable compensation from org  $0.00$0.00$0.00
Foster, Scott
TitleDIRECTORPRESIDENT, CLERK, DIRECTOR   
Name of key/compensated personSCOTT W FOSTERSCOTT W FOSTER   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org2.008.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Leonard, Jay
TitleTREASURER, DIRECTORTREASURER, DIRECTOR   
Name of key/compensated personJAY LEONARDJAY LEONARD   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org2.008.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Parent, Keith
Title  CHAIRMAN OF THE BOARDCHAIRMAN OF THE BOARDCHAIRMAN OF THE BOARD
Name of key/compensated person  KEITH PARENTKEITH PARENTKEITH PARENT
Reportable compensation from org  $0.00$0.00$0.00
Roberts, Liz
TitlePRESIDENT    
Name of key/compensated personLIZ ROBERTS    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org2.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Welsh, Glen
Title  TREASURERTREASURERTREASURER
Name of key/compensated person  GLEN WELSHGLEN WELSHGLEN WELSH
Reportable compensation from org  $0.00$0.00$0.00
Werder, Allison
TitleDIRECTOR    
Name of key/compensated personALLISON WERDER    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org2.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Purpose: mission, activities, & accomplishments
Mission or significant activitiesVVM EMPOWERS STARTUPS, CONNECTING THEM WITH THE RESOURCES THEY NEED TO SUCCEED.VVM EMPOWERS STARTUPS, CONNECTING THEM WITH THE RESOURCES THEY NEED TO SUCCEED.   
Primary exempt purpose  TO PROMOTE THE ECONOMIC DEVELOPMENT OF THE PIONEER VALLEY, INCLUDING THE CREATION OF NEW JOBS AND THE RETENTION OF EXISTING JOBS, BY DEVELOPING AND PROMOTING THE EXISTING TELECOMMUNICATIONS INFRASTRUCTURE AND THE ESTABLISHED INFORMATION TECHNOLOGY INDUSTRY IN WESTERN MASSACHUSETTS.TO PROMOTE THE ECONOMIC DEVELOPMENT OF THE PIONEER VALLEY, INCLUDING THE CREATION OF NEW JOBS AND THE RETENTION OF EXISTING JOBS, BY DEVELOPING AND PROMOTING THE EXISTING TELECOMMUNICATIONS INFRASTRUCTURE AND THE ESTABLISHED INFORMATION TECHNOLOGY INDUSTRY IN WESTERN MASSACHUSETTS.TO PROMOTE THE ECONOMIC DEVELOPMENT OF THE PIONEER VALLEY, INCLUDING THE CREATION OF NEW JOBS AND THE RETENTION OF EXISTING JOBS, BY DEVELOPING AND PROMOTING THE EXISTING TELECOMMUNICATIONS INFRASTRUCTURE AND THE ESTABLISHED INFORMATION TECHNOLOGY INDUSTRY IN WESTERN MASSACHUSETTS.
Program service expenses, total$702,694.00$617,365.00$0.00$645.00$0.00
Programs, including revenue & expenses
THE ORGANIZATION ACCEPTED 20 STARTUP BUSINESS TEAMS AND PROVIDED A FORUM WHERE TEAMS DEVELOPED PRESENTATIONS AND RECEIVED ADVICE FROM A WIDE RANGE OF EXPERIENCED BUSINESS PEOPLE TO FURTHER THE DEVELOPMENT AND VIABILITY OF THEIR BUSINESSES.
Program expenses$702,694.00$617,365.00   
Program revenue$2,027,276.00$1,334,641.00   
Program descriptionTHE ORGANIZATION ACCEPTED 20 STARTUP BUSINESS TEAMS AND PROVIDED A FORUM WHERE TEAMS DEVELOPED PRESENTATIONS AND RECEIVED ADVICE FROM A WIDE RANGE OF EXPERIENCED BUSINESS PEOPLE TO FURTHER THE DEVELOPMENT AND VIABILITY OF THEIR BUSINESSES.THE ORGANIZATION ACCEPTED 20 STARTUP BUSINESS TEAMS AND PROVIDED A FORUM WHERE TEAMS DEVELOPED PRESENTATIONS AND RECEIVED ADVICE FROM A WIDE RANGE OF EXPERIENCED BUSINESS PEOPLE TO FURTHER THE DEVELOPMENT AND VIABILITY OF THEIR BUSINESSES.   
Financial data
Revenue
Total revenue$2,027,276.00$1,334,641.00$0.00$38,385.00$0.00
Revenue from contributions (total)$2,027,276.00$1,334,641.00$0.00$0.00$0.00
Investment income, current yr$0.00$0.00   
Total revenue from grants, etc., current yr$2,027,276.00$1,334,641.00   
Other revenue, current yr$0.00$0.00   
Net unrelated business taxable revenue$0.00$0.00   
Program service revenue (total)  $0.00$0.00$0.00
Sources of contributions
Revenue from gov't grants$100,000.00$102,560.00   
Revenue from all other contributions$1,927,276.00$1,232,081.00   
Other types of revenue
Net rental income  $0.00  
Expense categories (totals)
Total functional expenses: sum of all$998,413.00$916,219.00   
Total functional expenses: program service $702,694.00$617,365.00   
Total functional expenses: management and general$295,719.00$298,854.00   
Total functional expenses: fundraising$0.00$0.00   
Fees for services
Fundraising service fees (total)$0.00$0.00   
Assets and liabilities
Total assets$1,908,917.00$886,877.00$0.00$3,228.00$3,228.00
Total assets, beginning of year$886,877.00$458,781.00$1,679.00$3,228.00$3,228.00
Total liabilities$17,506.00$24,329.00$0.00$0.00$38,740.00
Total liabilities, beginning of year$24,329.00$14,655.00$0.00$38,740.00$38,740.00
Pledges & accounts receivable, net$875,418.00$501,458.00   
Unrestricted net assets, end of yr$354,411.00$91,333.00   
Temporarily restricted net assets$1,537,000.00$771,215.00   
Net assets$1,891,411.00$862,548.00$0.00$1,679.00-$35,512.00
Net assets, beginning of year$862,548.00$444,126.00   
Other assets$150.00$180.00   
Cash: non-interest bearing$909,999.00$274,411.00   
Cash: non-interest bearing, beginning of year$274,411.00$346,802.00   
Other financial variables
Revenue less expenses$1,028,863.00$418,422.00   
Prepaid expenses & deferred charges$15,101.00$3,712.00   
Accounts payable & accrued expenses$17,506.00$24,329.00   
Total net assets or fund balances$1,891,411.00$862,548.00   
Depreciation, depletion, amortization$13,729.00$11,664.00   
Governance and accountability
Number of voting members62   
Number of independent voting members62   
Financial sheets were auditedTrueTrue   
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012013-01-012012-01-012011-01-01
Tax year end date2016-12-012015-12-012013-12-012012-12-012011-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990EZ990EZ990EZ
IRS schema version2016v3.02015v2.12013v3.02012v2.12011v1.2
Filing identifier201713139349301016201643209349302369201421359349201852201302279349201755201203209349201495
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