MARIE A MANSBACH MEMORIAL STUDENT MOTIVATION PROGRAM

EIN: 010722629 501(c)(3) Education

VIRGINIA BEACH, VA

Total Revenue
$322,249
Total Expenses
$313,442
Total Assets
$5,452,024
Net Assets
$5,452,024
🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
VA
Principal Officer
NAOMI LIMOR SEDEK
Phone
7579656100
Tax Period
2024-07-01 to 2025-06-30

MARIE A MANSBACH MEMORIAL STUDENT MOTIVATION PROGRAM, founded in 2002, is a small nonprofit in the Education sector that reported $140K in total revenue in fiscal year 2017. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $31K, a strong 22% operating margin.

Mission

THE MARIE A. MANSBACH MEMORIAL STUDENT MOTIVATIONAL EDUCATIONAL PROGRAM IS DEDICATED TO THE PRINCIPLES OF SCHOLARSHIP, CITIZENSHIP AND RESPONSIBILITY. MANSBACH SCHOLARS ARE ETHNICALLY DIVERSE STUDENTS, CHOSEN FROM THOSE IN THE NORFOLK PUBLIC SCHOOL SYSTEM, WHO SHOW GREAT PROMISE BUT ARE NOT YET STARS. THROUGH MENTORING IN MATHEMATICS, WRITING, QUIET READING, CRITICAL THINKING, REASONING AND COMPREHENSION, THE MANSBACH SCHOLARS RECEIVE A STRONG ACADEMIC FOUNDATION WHICH PREPARES THEM FOR FURTHER EDUCATION. THE FOUNDATION OFFERS COLLEGE SCHOLARSHIPS TO ITS SCHOLARS WHO HAVE SUCCESSFULLY COMPLETED THE MULTI-YEAR PROGRAM AND WHO HAVE BEEN ACCEPTED TO COLLEGE.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $850
Program Service Revenue $0
Investment Income $321,399
Other Revenue $0
TOTAL REVENUE $322,249

Expense Breakdown

Grants Paid $203,593
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $222,572
Other Expenses $109,849
TOTAL EXPENSES $313,442

Year-over-Year Comparison

2024 2023 Change
Revenue $322,249 $134,015 +1.4%
Expenses $313,442 $172,470 +0.8%
Net Income $8,807 $-38,455 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
3
Employees
N/A
Volunteers
6

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$212,185
Total Directors
7
$212,185
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MRS NAOMI SEDEK SECRETARY 1.00
Officer Director
$0 $5,470 $212,185
MR B THOMAS MANSBACH PRESIDENT 1.00
Officer Director
$0 $0 $0
MRS SALLY HERMAN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MRS MAY LYNN MANSBACH TREASURER 1.00
Officer Director
$0 $0 $0
JODY WAGNER DIRECTOR 1.00
Director
$0 $0 $0
ROB GOODMAN DIRECTOR 1.00
Director
$0 $0 $0
CHARLES NUSBAUM DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $322,249 $313,442 $5,452,024 $8,807
2024 $134,015 $172,470 $4,915,147 $-38,455
2023 $126,464 $151,539 $4,541,055 $-25,075
2022 $175,757 $182,623 $4,273,475 $-6,866
2021 $424,379 $108,721 $4,678,808 $315,658
2020 $53,614 $94,486 $3,868,427 $-40,872
2019 $133,514 $97,317 $4,012,094 $36,197
2018 $140,412 $109,562 $3,969,055 $30,850
Explore More Nonprofits
Top 100 Nonprofits in Virginia Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare MARIE A MANSBACH MEMORIAL STUDENT MOTIVATION PROGRAM with other nonprofits in Virginia and across the country.