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Venture Mentoring Team Inc

EIN 81-5139940 · Pompano Beach, FL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceFair67 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

VMT CONNECTS ENTREPRENEURS WITH EXPERIENCED MENTORS TO SUPPORT THEIR BUSINESS GROWTH AND DEVELOPMENT. OUR TEAM OF OVER 250 CERTIFIED VOLUNTEER MENTORS OPERATES UNDER A STRICT CODE OF CONDUCT AND PROVIDES GUIDANCE IN AREAS SUCH AS BUSINESS STRATEGY, FUNDRAISING, AND OPERATIONS THROUGH STRUCTURED TEAM MENTORING SESSIONS. THE VMT AIMS TO CREATE A SAFE, INCLUSIVE, AND SUPPORTIVE ENVIRONMENT WHERE ENTREPRENEURS CAN ACCESS THE RESOURCES AND EXPERTISE THEY NEED TO SUCCEED.

Income
$263,036
Spending
$193,430
Spent on programs
98%
Reserves
17.1 months of spending
Largest source of income
government grants, 57%
Employees
1
Volunteers
250

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100.

  • Reserves

    35 of 35

    Spendable reserves would cover 17.1 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 26% of income.

  • Income trend

    15 of 15

    Income rose 107% on the year before.

  • Spending floor

    15 of 15

    98% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 67 out of 100.

  • Independent board

    18 of 25

    3 of 3 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $189,273 spent. THE VMT OPERATES MENTORING CHAPTERS HOSTED BY COMMUNITY PARTNERS LIKE UNIVERSITIES AND ECONOMIC DEVELOPMENT ORGANIZATIONS. WE OFFER A COMPREHENSIVE MENTORING PROGRAM THAT INCLUDES EXTENSIVE MENTOR TRAINING AND CERTIFICATION, ONGOING SUPPORT, AND RESOURCES FOR BOTH MENTORS AND MENTEES. OUR MENTORS VOLUNTEER THEIR TIME TO HELP ENTREPRENEURS NAVIGATE THE CHALLENGES OF BUILDING AND SCALING THEIR BUSINESSES. THE VMT ALSO ENGAGES IN COLLABORATIVE FUNDRAISING AND PROVIDES GRANT WRITING SUPPORT TO HELP OUR CHAPTERS SECURE NECESSARY FUNDING.SINCE OUR INCEPTION, WE HAVE SUCCESSFULLY MENTORED OVER ONE THOUSAND STARTUPS AND SMALL BUSINESSES, HELPING THEM ACHIEVE SUSTAINABILITY AND GROWTH. OUR MENTORING APPROACH HAS CONTRIBUTED TO JOB CREATION AND ECONOMIC DEVELOPMENT WITHIN THE COMMUNITIES WE SERVE.THE VMT'S OPERATIONS ARE FUNDED THROUGH PROGRAM FEES, DONATIONS, AND GRANTS FROM OUR COMMUNITY PARTNERS INCLUDING UNIVERSITIES, FOUNDATIONS, GOVERNMENT AND CORPORATE SPONSORS. IN SELECT SITUATIONS, WE DEFER FEES TO ENABLE PARTNERS TO LAUNCH NEW CHAPTERS PRIOR TO SECURING FUNDING.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 2017.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.