VETSINTECH

EIN: 464256110 501(c)(3) Human Services

SAN FRANCISCO, CA

Total Revenue
$2,722,791
Total Expenses
$2,618,565
Total Assets
$4,359,984
Net Assets
$3,510,962
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
CA
Principal Officer
STEPHEN D MAYER
Phone
6508888377
Tax Period
2023-01-01 to 2023-12-31

VETSINTECH, founded in 2013, is a community nonprofit in the Human Services sector that reported $2.7M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $2.6M left a modest 4% surplus.

Mission

VETSINTECH SUPPORTS VETERANS AND MILITARY SPOUSES THROUGH RE-INTEGRATION SERVICES AND BY CONNECTING THEM TO THE NATIONAL TECHNOLOGY ECOSYSTEM. VETSINTECH CREATES OPPORTUNITIES FOR VETERANS THROUGH PROGRAMS IN THREE PILLARS: EDUCATION, EMPLOYMENT, AND ENTREPRENEURSHIP.

Program Service Accomplishments

Program 1
Expenses: $1,131,914

EDUCATION: VETSINTECH (VIT) EDUCATION PROGRAMS CONNECT TRANSITIONING VETERANS TO TRAINING AND FOLLOW-ON EMPLOYMENT OPPORTUNITIES. OVER 250K SERVICE MEMBERS LEAVE THE MILITARY ANNUALLY ACCORDING TO...

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EDUCATION: VETSINTECH (VIT) EDUCATION PROGRAMS CONNECT TRANSITIONING VETERANS TO TRAINING AND FOLLOW-ON EMPLOYMENT OPPORTUNITIES. OVER 250K SERVICE MEMBERS LEAVE THE MILITARY ANNUALLY ACCORDING TO THE DOD. VIT EDUCATION PROGRAMS FOCUS ON CYBERSECURITY, WEB DEVELOPMENT AND SALESFORCE ADMINISTRATION. WITH IN-PERSON PROGRAMS AND SOME ONLINE STUDY, VIT DETERMINES MARKET NEEDS AND ASSISTS VETERANS IN GAINING THE SKILLS REQUIRED TO BE COMPETITIVE IN THE TECH ECOSYSTEM. VIT PARTNERS WITH TECH FIRMS, FINANCIAL COMPANIES AND NONPROFIT FOUNDATIONS TO CREATE TRAINING AND EDUCATION OPPORTUNITIES. STUDENTS EARN CERTIFICATES UPON COMPLETION OF COURSES AFTER WHICH THEY ARE INTRODUCED TO COMPANIES SEEKING THOSE SPECIFIC SKILL SETS.

Program 2
Expenses: $530,496

EMPLOYMENT: EMPLOYMENT PROGRAMS INCLUDE RESUME WRITING, SELF-MARKETING, AND INTERVIEW SKILLS. FIRMS IN THE VIT EMPLOYER COALITION SEND RECRUITERS AND HIRING MANAGERS TO EVENTS TO EVALUATE AND RECRUIT...

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EMPLOYMENT: EMPLOYMENT PROGRAMS INCLUDE RESUME WRITING, SELF-MARKETING, AND INTERVIEW SKILLS. FIRMS IN THE VIT EMPLOYER COALITION SEND RECRUITERS AND HIRING MANAGERS TO EVENTS TO EVALUATE AND RECRUIT VETERANS. VIT CREATES THE ENVIRONMENT WHERE IN-PERSON INTERVIEWS AND REVIEWS OF RESUMES TAKE PLACE, BYPASSING ELECTRONIC SORTING AND FILTERING. MILITARY EXPERIENCE IS PROPERLY CONSIDERED DURING THE INTERVIEW AND HIRING PROCESSES. VIT ORGANIZES EMPLOYER MEETUPS, NETWORKING EVENTS, AND INFORMAL GATHERINGS THAT GRANT VETERANS PREMIUM ACCESS TO EMPLOYERS DURING THEIR JOB SEARCH. VETERANS GET DIRECT FEEDBACK AND HIRING MANAGERS FIND THE BEST/MOST QUALIFIED JOB CANDIDATES. A NEW ONLINE MENTORSHIP PROGRAM WAS ALSO LAUNCHED IN 2017, FURTHER ENABLING VETERANS TO SHARE EXPERTISE AND EXPERIENCE. AN ADDITIONAL FOCUS WAS ADDED IN 2019 FOR WOMEN AND MILITARY SPOUSES.

Program 3
Expenses: $488,742

ENTREPRENEURSHIP: FOR VETERANS WHO ASPIRE TO START THEIR OWN BUSINESS, VIT SPONSORS PROGRAMS LIKE HACKATHONS, PITCH EVENTS, DISCUSSIONS WITH PROMINENT TECH LEADERS, AND REPRESENTATIVES OF THE VENTURE...

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ENTREPRENEURSHIP: FOR VETERANS WHO ASPIRE TO START THEIR OWN BUSINESS, VIT SPONSORS PROGRAMS LIKE HACKATHONS, PITCH EVENTS, DISCUSSIONS WITH PROMINENT TECH LEADERS, AND REPRESENTATIVES OF THE VENTURE CAPITAL COMMUNITY. PROGRAMS ON THE ENTREPRENEURSHIP TRACK INCLUDE SEMINARS ON DESIGN THINKING, BUSINESS LAW BASICS, LEAN STARTUP, PRODUCT DESIGN AND BUSINESS STRATEGY. ENTREPRENEUR BOOTCAMPS ADDRESS ALL FACETS OF BUILDING A COMPANY AND SUPPORT OTHER VIT COURSES THAT CONVEY CRITICAL ASPECTS OF STARTUPS, I.E. FINANCING AND PITCHING TO INVESTORS. ENTREPRENEURS WHO COMPLETED VIT PROGRAMS HAVE BEEN RECOGNIZED NATIONALLY FOR NEW INVENTIONS AND PRODUCTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,764,907
Program Service Revenue $0
Investment Income $24
Other Revenue $-42,140
TOTAL REVENUE $2,722,791

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,007,207
Fundraising Expenses $146,554
Program Expenses $2,151,152
Other Expenses $1,611,358
TOTAL EXPENSES $2,618,565

Year-over-Year Comparison

2023 2022 Change
Revenue $2,722,791 $2,474,648 +0.1%
Expenses $2,618,565 $1,755,686 +0.5%
Net Income $104,226 $718,962 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
5
Employees
N/A
Volunteers
N/A

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
2
$498,003
Total Directors
5
$288,003
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHERINE WEBSTER FOUNDER / PRESIDENT 50.00
Officer Director
$288,003 $0 $288,003
MIKE MCNERNEY DIRECTOR 4.00
Director
$0 $0 $0
CRAIG NEWMARK DIRECTOR 4.00
Director
$0 $0 $0
TOM ANDERSON DIRECTOR 4.00
Director
$0 $0 $0
STEPHEN D MAYER DIRECTOR 4.00
Director
$0 $0 $0
IKRAM MANSORI CHIEF OPERATING OFFICER 50.00
Officer
$210,000 $0 $210,000
ABDESSALAM MANSORI DIRECTOR OF EDUCATION 40.00
Highest
$108,029 $0 $108,029
JOHANNA TILLMAN PROGRAM MANAGER 40.00
Highest
$127,570 $0 $127,570
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
2024 No data No data No data No data
2023 $2,722,791 $2,618,565 $4,359,984 $104,226
2022 $2,474,648 $1,755,686 $3,542,307 $718,962
2021 $2,477,424 $1,345,273 $2,726,856 $1,132,151
2020 $1,706,294 $1,185,744 $1,597,561 $520,550
2019 $1,444,969 $1,050,519 $1,104,684 $394,450
2018 $847,178 $748,296 $1,144,318 $98,882
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