Overview
What is The Valedictorian Project Inc C/O Warren Tolman?
The Valedictorian Project Inc C/O Warren Tolman is a nonprofit organization, officially recognized as a 501(c)(3) entity in April 2021. Initiated in 2020, it initially assisted 24 valedictorians from Boston Public Schools, pairing each with two mentors – a peer and a senior mentor – to support their post-secondary journeys. The organization offered training sessions on various topics, such as building strong mentor-mentee relationships, navigating transitions, and career exploration. It continuously evaluated and improved its offerings based on feedback. In addition to program development, The Valedictorian Project established organizational infrastructure, operating largely on the volunteer time of its founders during its first year. With its official status, the organization began seeking grants and expanding its donor base, enabling growth and expansion in subsequent years. The nonprofit's primary mission is to provide mentorship and assistance to high school valedictorians and other high-achieving students, aiming to bridge the education-to-employment gap and foster more equitable opportunities for urban school students.
Official website here: www.thevalproj.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
The Valedictorian Project Inc has earned an 83% rating from Charity Navigator, reflecting a solid performance in terms of accountability and finance. This score indicates that the organization has implemented strong governance practices, as evidenced by its 100% independent board members and the absence of any material diversion of assets. The organization also maintains transparency with a listed website on its tax form, and it adheres to various policies such as conflict of interest and whistleblower protections.
One notable strength of The Valedictorian Project is its financial management, featuring a low liabilities to assets ratio of 5.98%, which suggests sound fiscal health. However, the program expense ratio is at 58.71%, indicating that while a majority of funds are directed towards programs, there may be room for improvement in maximizing program spending relative to total expenses.
Overall, while the organization showcases commendable accountability and governance practices, the mixed program expense ratio suggests potential areas for enhancing program impact. Stakeholders may want to monitor how effectively the organization utilizes its funds in future fiscal years.
This AI summary has been generated from information found on Charity Navigator.
Is The Valedictorian Project Inc C/O Warren Tolman legitimate?
The Valedictorian Project Inc C/O Warren Tolman is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Valedictorian Project Inc C/O Warren Tolman submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $125,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $49,200
For more financial information, click here
Official website here: www.thevalproj.org
What is the mission statement of The Valedictorian Project Inc C/O Warren Tolman?
The Valedictorian Project's mission is centered around providing mentorship and assistance to high school valedictorians and other high-achieving students. Their mentoring relationships aim to break down barriers to equity and bridge the education-to-employment gap for these students, particularly those from urban schools. The project recruits and trains passionate change-makers as mentors, committed to fostering a more just future. They believe in an equitable future where every student has the necessary network and guidance to achieve their goals.
Official website here: www.thevalproj.org
Who is the CEO of The Valedictorian Project Inc C/O Warren Tolman?
Warren Tolman is the Board Chair/Clerk of The Valedictorian Project Inc C/O Warren Tolman.
Official website here: www.thevalproj.org
What is the revenue of The Valedictorian Project Inc C/O Warren Tolman?
The Valedictorian Project Inc C/O Warren Tolman's revenue in 2022 was $490,230.
Official website here: www.thevalproj.org
Who are the executives of The Valedictorian Project Inc C/O Warren Tolman and what are their salaries?
The average compensation at The Valedictorian Project Inc C/O Warren Tolman during 2022 was $87,100. There are 2 employees and 180 volunteers at The Valedictorian Project Inc C/O Warren Tolman.
Here are 9 key members and their salaries:
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- Compensation: $125,000
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- Other: $1,667
Official website here: www.thevalproj.org
Where can I find the form 990 for The Valedictorian Project Inc C/O Warren Tolman?
The Valedictorian Project Inc C/O Warren Tolman's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thevalproj.org
Learn more at the official website: www.thevalproj.org
Mission Statement of The Valedictorian Project Inc C/O Warren Tolman
The Valedictorian Project Inc C/O Warren Tolman is dedicated to providing mentorship and assistance to high school valedictorians and other high-achieving students. Their mission aims to break down barriers to equity and close the education-to-employment gap for students from urban schools. By recruiting and training mentors who are passionate change-makers and committed to a more just future, they believe in fostering a more equitable future where every student has the network and guidance to achieve their goals. The organization's mentoring relationships are instrumental in creating opportunities for high-achieving students, ensuring they have the support needed to navigate their academic and professional journeys successfully.
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Impact
July, 2024
The impact of The Valedictorian Project Inc C/O Warren Tolman is profound. By providing mentorship and assistance to high school valedictorians and other high-achieving students, this initiative is actively breaking down barriers to equity and closing the education-to-employment gap for urban school students. Through its mentorship programs, which pair valedictorians with supportive mentors, The Valedictorian Project is empowering students to navigate the transition from high school to college, explore career opportunities, and prepare for interviews.
Furthermore, the organization's focus on program development and continuous improvement demonstrates its commitment to ensuring that mentees receive the best support possible. By creating organizational infrastructure and securing nonprofit status, The Valedictorian Project has laid a strong foundation for growth and expansion. Partnering with school districts in major cities like Boston, Lawrence, Brockton, and Worcester shows the project's dedication to reaching more students in need. Overall, The Valedictorian Project's work is making a tangible difference in the lives of high-achieving students and paving the way for a more equitable future.
This information is meant to be a general summary of The Valedictorian Project Inc C/O Warren Tolman. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $490,230
Assets and Liabilities:
- Total Assets: $325,286
- Total Liabilities: $10,003
- Net Assets: $315,283
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Organization Details
Founding Year
2020
Phone
(617) 794-6661Principal Officer
Warren Tolman
Main Address
30 STONELEIGH CIRCLE, WATERTOWN, MA, 02472
Website
www.thevalproj.orgNTEE Category
Code: P20 - Human services
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