Nonprofit · EIN 85-2099157
VALEDICTORIAN PROJECT INC
Tax-exempt · WATERTOWN, MA 02472
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,086,576 | $778,485 | $308,091 | $609,822 | $41,712 | $568,110 |
| June 30, 2024 | 990 | $635,200 | $615,252 | $19,948 | $279,665 | $19,646 | $260,019 |
| June 30, 2023 | 990 | $495,790 | $571,002 | -$75,212 | $255,362 | $15,291 | $240,071 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,083,362
- Program service revenue
- $0
- Investment income
- $3,214
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $283,295
- Compensation of officers, directors and key employees
- $156,000
- Other salaries and wages
- $122,968
- Salaries, compensation and benefits (total)
- $317,847
- Professional fundraising fees
- $60,000
- Legal fees
- $3,075
- Accounting fees
- $7,455
- Program services (functional)
- $578,933
- Management and general (functional)
- $69,403
- Fundraising (functional)
- $130,149
Balance sheet and other
- Total assets, start of year
- $279,665
- Total assets, end of year
- $609,822
- Total liabilities, end of year
- $41,712
- Net assets, end of year
- $568,110
- Net assets without donor restrictions
- $172,739
- Net assets with donor restrictions
- $395,371
- Gross receipts
- $1,086,576
- Employees
- 3
- Volunteers
- 262
- Year formed
- 2020
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AMY MCDERMOTT | EXECUTIVE DI Officer | 40 | $156,000 | $6,000 |
| WARREN TOLMAN | BOARD CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| GRACE COTTER REGAN | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| JON SANTIAGO | SECRETARY Trustee or director, Officer | 2.5 | $0 | $0 |
| DAN RIVERA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RENEE LANDERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JACOB CITRIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EMANUEL ALVES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LENWORTH WILLIAMSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID MANNHEIM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAN SARAGONI | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AMY MCDERMOTT | EXECUTIVE DI Highest-paid employee | 40 | $150,000 | $6,000 |
| WARREN TOLMAN | BOARD CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| GREACE COTTER REGAN | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| JON SANTIGO | SECRETARY Trustee or director, Officer | 2.5 | $0 | $0 |
| DAN RIVERA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RENEE LANDERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JACOB CITRIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EMANUEL ALVES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LENWORTH WILLIAMSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID MANNHEIM | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AMY MCDERMOTT | EXECUTIVE DIRECTOR Key employee | 40 | $135,000 | $5,400 |
| WARREN TOLMAN | BOARD CHAIR/CLERK Trustee or director, Officer | 8 | $0 | $0 |
| GRACE REGAN | TREASURER Trustee or director, Officer | 1.5 | $0 | $0 |
| JON SANTIAGO | SECRETARY Trustee or director, Officer | 2.5 | $0 | $0 |
| DAVID MANNHEIM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TANYA BENZAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAN RIVERA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JACOB CITRIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RENEE LAUNDERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 30 STONELEIGH CIR, WATERTOWN, MA 02472-1330
- In care of
- % WARREN TOLMAN
- Mailing address (990-N for 2020)
- 30 Stoneleigh Circle, Watertown MA 02472
- Principal officer (990 for 2024)
- WARREN TOLMAN, 398 COLUMBUS AVE 506, BOSTON, MA 02116
- Principal officer (990-N for 2020)
- Warren Tolman, 30 Stoneleigh Circle, Watertown MA 02472
- Signed the 990
- WARREN TOLMAN, BOARD CHAIR
- Phone
- (617) 922-2640
- Website
- thevalproj.org
- Return prepared by
- MORNEAU & BLANCHETTE INC
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 BELEIVE IN A MORE EQUITABLE FUTURE WHERE EVERY STUDENT HAS THE NETWORK AND GUIEDEANCE TO ACHIEVE THEIR GOALS.
Program accomplishments
- DURING THE PERIOD ENDING JUNE 30, 2025, THE VALEDICTORIAN PROJECT EXPANDED ITS REACH TO NEARLY 200 SCHOLARS ACROSS MASSACHUSETTS - A 21% INCREASE FROM THE PRIOR YEAR - WHILE DEEPENING THE QUALITY OF SUPPORT AVAILABLE TO EACH STUDENT. A SIGNIFICANT MILESTONE THIS PERIOD WAS THE HIRING OF TVP'S FIRST FULL-TIME SCHOLAR COACH, WHO WORKED DIRECTLY WITH STUDENTS NAVIGATING ACADEMIC PROBATION, HOUSING INSTABILITY, FINANCIAL CRISES, AND MENTAL HEALTH CHALLENGES, WHILE ALSO CREATING A CLEAR ESCALATION PATHWAY FOR MENTORS. PROGRAM OUTCOMES REMAINED STRONG: SCHOLARS MAINTAINED AN AVERAGE GPA OF 3.5, AND 100% OF TVP'S 2020 AND 2021 COHORTS GRADUATED WITHIN FIVE YEARS OF HIGH SCHOOL. THESE RESULTS REFLECT TVP'S CONTINUED COMMITMENT TO ENSURING THAT HIGH-ACHIEVING STUDENTS FROM UNDER-RESOURCED COMMUNITIES NOT ONLY ACCESS COLLEGE, BUT PERSIST THROUGH IT AND SUCCESSFULLY LAUNCH THEIR CAREERS.Expenses $578,933 · grants $283,295
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 85-2099157
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $609,822
- Income (IRS master file)
- $1,086,576
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,086,576 | $778,485 | $609,822 | IRS |
| 990 | June 2024 | $635,200 | $615,252 | $279,665 | IRS |
| 990 | June 2023 | $495,790 | $571,002 | $255,362 | XML |
| 990 | June 2022 | $490,230 | $300,953 | $325,286 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Warren Tolman | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-2099157).
Questions about VALEDICTORIAN PROJECT INC
- What is the EIN of VALEDICTORIAN PROJECT INC?
- The employer identification number (EIN) of VALEDICTORIAN PROJECT INC is 85-2099157.
- Is VALEDICTORIAN PROJECT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to VALEDICTORIAN PROJECT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VALEDICTORIAN PROJECT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VALEDICTORIAN PROJECT INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VALEDICTORIAN PROJECT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VALEDICTORIAN PROJECT INC?
- The 990 for the year ended June 30, 2025 names WARREN TOLMAN.
- Who are the officers and directors of VALEDICTORIAN PROJECT INC?
- The 990 for the year ended June 30, 2025 lists 11 people; 1 received compensation from the organization, the highest $156,000 (AMY MCDERMOTT, EXECUTIVE DI).
- How much revenue does VALEDICTORIAN PROJECT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,086,576, expenses of $778,485 and total assets of $609,822 at year end.
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