iMentor
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
iMentor does not meet the following 2 Standards for Charity Accountability:
Standard 6 (Board Policy on Effectiveness)
Have a board policy of assessing, no less than every two years, the organization's performance and effectiveness and of determining future actions required to achieve its mission.
iMentor does not meet this Standard because:
- The organization's effectiveness assessment policy does not specify that this assessment will take place at least once Every 2 Years.
Standard 14 (Budget)
Have a board-approved annual budget for its current fiscal year, outlining projected expenses for major program activities, fund raising, and administration.
iMentor does not meet this Standard because, when the organization provided 2025 budget information, it indicated that the budget:
- Did not identify total projected program service expenses.
- Did not identify total projected fundraising expenses.
- Did not identify total projected administrative expenses.
iMentor meets the remaining 18 Standards for Charity Accountability.
Stated Purpose:
"to build mentoring relationships that empower first-generation students to graduate high school, succeed in college and career, and achieve their ambitions."
Year, State Incorporated:
2001, DE
iMentor reports that it partners with public high schools in low-income communities, where a majority of students served will be first-generation college graduates. The organization matches every student in a school with a college-educated mentor who is integrated into each school's culture. Mentors commit to working with a single student for a minimum of two years and have an option to extend by an additional two years, during which they build their relationship through weekly online communication and monthly in-person meetings and other program activities. iMentor provides support that mentors need to be effective, including a college success curriculum that guides each weekly interaction and a full-time staff member responsible for the success of the relationship.
For the year ended June 30, 2024, iMentor's program expenses were:
| Program services | $16,586,961 |
| Total Program Expenses | $16,586,961 |
Chief Executive
Heather D. Wathington, PhD, Chief Executive Officer
Compensation*
$404,184
Chair of the Board
John A. Griffin
Chair's Profession / Business Affiliation
Founder, Blue Ridge Capital
Board Size
14
Paid Staff Size
131
*2023 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Invitations to fund raising events, Grant proposals, Internet, Cryptocurrency, Workplace Giving
Fundraising costs were 13% of related contributions. (Related contributions, which totaled $18,309,906, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on iMentor's audited financial statements for the year ended June 30, 2024.
Source of Funds
| Foundations | $8,018,802 |
| Board giving | $4,408,431 |
| Individual contributions | $3,478,153 |
| Corporate contributions | $2,146,907 |
| School, district and partner fees | $2,000,494 |
| Investment return | $1,732,207 |
| Special event income, net | $209,393 |
| Other income | $105,550 |
| In-kind contributions | $48,220 |
| Total Income | $22,148,157 |
Programs: 75% Fundraising: 10% Administrative: 15%
| Total Income | $22,148,157 |
| Total expenses: | $22,134,875 |
| Program expenses | $16,586,961 |
| Fundraising expenses | $2,300,420 |
| Administrative expenses | $3,247,494 |
| Other expenses | $0 |
| Income in Excess of Expenses | $13,282 |
| Beginning Net Assets | $30,494,707 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $30,507,989 |
| Total Liabilities | $13,092,335 |
| Total Assets | $43,600,324 |
Note: According to iMentor's audited financial statements for the year ended June 30, 2024, the organization received in-kind contributions totaling $48,220 in the form of donated legal services.
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
