MAGNIFY MENTORING

EIN: 850696012 501(c)(3) Philanthropy & Grantmaking

Washington, DC

Total Revenue
$361,566
Total Expenses
$94,276
Total Assets
$284,510
Net Assets
$284,510
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

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
2019
Legal Domicile
DC
Principal Officer
KATHRYN MECROW
Phone
5034373819
Tax Period
2023-05-01 to 2024-04-30

MAGNIFY MENTORING, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $362K in total revenue in fiscal year 2023. The organization ran a surplus of $267K, a strong 74% operating margin.

Mission

Magnify Mentoring is organized exclusively for charitable and educational purposes under section 501(c)(3) of the Internal Revenue Code, or corresponding sections of any future federal tax code. Magnify Mentoring supports people from underrepresented groups who seek to pursue high-impact careers in the charitable sector. Our core activities include mentorship and other educational and skills-based development activities, such as, but not limited to, seminar series, training activities, and networking events.

🔒

Trantor Score

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

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 (2023)

Revenue Breakdown

Contributions & Grants $361,566
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $361,566

Expense Breakdown

Grants Paid $0
Salaries & Benefits $84,300
Fundraising Expenses $0
Program Expenses $94,227
Other Expenses $9,976
TOTAL EXPENSES $94,276

Year-over-Year Comparison

2023 2022 Change
Revenue $361,566 N/A N/A
Expenses $94,276 N/A N/A
Net Income $267,290 $0 N/A
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
5
Independent Members
4
Employees
N/A
Volunteers
200

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
0
$0
Total Directors
1
$86,107
Key Employees
1
$86,107
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kathryn Mecrow Mrs. 40.00
Director Key Emp
$86,107 $0 $86,107
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 $361,566 $94,276 $284,510 $267,290
Explore More Nonprofits
→Top 100 Nonprofits in District of Columbia →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare MAGNIFY MENTORING with other nonprofits in District of Columbia and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.