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NPI Evaluation of iMentor

       NPI Rating: BUY
    Rating as of 10/7/2011
    Analyst: Jonathan Tran


      www.nonprofitinvestor.org
NPI Rating: BUY

In the last 10 years, iMentor has affected over 20,000
lives by cultivating relationships between young
mentees and volunteer adult mentors through an
innovative combination of e-mail correspondence and
in-person meetings. To-date, iMentor has matched over
10,000 mentor-mentee pairs, partnering with 30 NYC
schools and after school programs in four of New York
City's five boroughs and programs all over the country
through iMi.


                  www.nonprofitinvestor.org
iMentor: Strengths
▲ iMentor program successfully attracts more mentors because of
  its flexible online and in-person model. Many potential mentors
  are excluded in a traditional model because 1x1 meetings are often
  set at inflexible after-school times and are typically in-person.
  iMentor’s program provides more flexibility: mentors email mentee
  once a week, pairs meet in person once a month, mentors devote
  6-8 hours a month to mentee on their own schedule.
▲ Mentors are carefully screened, matched, and trained. Mentors
  must apply via an online application process, undergo criminal
  background and reference checks, and a phone interview. It seems
  like the application process is more of a way to screen out obviously
  egregious applicants vs. “qualified” candidates. Selected mentors
  attend an initial 2 hour training session and are provided a specific
  curriculum/checklist to adhere to during mentoring process. The
  entire process takes 2-4 weeks in total to complete.


                        www.nonprofitinvestor.org
iMentor: Strengths (Cont’d)
▲ Partnerships with corporations and schools are designed to be long-
  lasting and heavily involved. For whole-school partnerships, iMentor
  partners with the entire school by enrolling every single student,
  eliminating self-selection among students. This creates a long term
  relationship between mentor/mentee/school with the common end goal
  of high school graduation and college attendance. This partnership
  addresses the problem of under-resourced in-house guidance programs.
  For corporate partnerships, iMentor targets leading companies’
  employees to build positive and lasting impacts on their communities.
  100% of the current 16 corporate partners renewed with iMentor last
  year, which demonstrates powerful participation stickiness.
▲ iMentor fundraising programs are diverse and community engaging.
  Events seem to be well-planned out, diverse, and fun. A few event
  examples include Twestival NYC, 4 Under 40 guest speakers, wine tastings,
  galas, happy hours, workshops. iMentor has done a good job building its
  brand and reputation, especially in the New York City community.



                         www.nonprofitinvestor.org
iMentor: Strengths (Cont’d)
▲ Recent statistics demonstrates directional effectiveness of iMentor.
  During 2009-2010 program year, 83% of mentees in NYC graduated from
  high school while citywide graduation rate was just 63% (65% for 2010 per
  Mike Bloomberg). 75% of teachers say students benefited academically
  from participation in iMentor, while 92% of teachers witnessed mentees
  becoming more confident in talking with adults and building relationships.
▲ Online interactive mentoring program (“iMi”) helps to address the
  sizable mentoring gap and is scalable. Of the 17.6mm youth considered in
  high need of mentoring, only 2.5mm adult mentors exist, leaving ~15mm
  young people still waiting for mentors. To address this, iMentor created
  iMi, a multi-year, structured research-informed mentoring curriculum on
  an online platform for managing all aspects of the mentoring program.
  Currently, there are 50 iMi partnerships in 20 states across the country.
  iMi’s technological infrastructure allows for the monitoring of mentor-
  mentee relationships and provides an easier way to track participation
  statistics, which may help with competing for government grants.



                          www.nonprofitinvestor.org
iMentor: Strengths (Cont’d)
▲ Funding sources are diverse and help provide free program services to all
  mentors, mentees and partnering schools. iMentor receives its funding
  from 5 sources: 1) corporate partners, 2) individual donations, 3)
  government grants, 4) online donor drives and 5) fundraising events. The
  majority of iMentor’s funding comes from contributions, gifts and grants.
  For a more detailed analysis, please see “Financial Overview”.




                         www.nonprofitinvestor.org
iMentor: Cautions
● Quality of mentoring is difficult to gauge and current monitoring
  controls may not be very effective. iMentors volunteers are not
  youth development experts, so the level of impact will vary
  significantly across each mentor-mentee pair. The background,
  education and qualifications of the individuals who developed
  iMentor NYC and iMi’s programs are undisclosed. Although all
  mentor-mentee emails are logged and can be searched, it seems
  difficult to accurately grade how effective mentor-mentee
  conversations are progressing. Some statistics are released on
  website to summarize results, but much more details are needed in
  order to gauge and validate effectiveness. Some important metrics
  and data releases that would be helpful to know from company
  may include: 1) % mentees who graduate high school, 2) % mentees
  who get accepted into college, 3) % of mentees who graduate from
  college, 4) parent/teacher/counsellor testimonies and 5) level of
  improvement of average grades.

                      www.nonprofitinvestor.org
iMentor: Cautions
● Financials and program data points are very limited. Company has
  only made available their financials for select years (2007, 2008 and
  2009) and details are limited. Financial information before 2007
  would be helpful to more accurately assess growth and efficiency of
  corporation. The release of 2010 financials will provide extremely
  important data in judging how effective iMentor has been in
  deploying the company’s rapidly expanding level of funds.
● Inconsistencies exist between iMentor’s NYC based program and
  iMi interactive model. Mentor screening standards are different
  between these two programs, which questions how the company
  will control quality of mentoring. iMentor NYC has the burden of
  responsibility to screen their mentors, while iMi outsources the
  screening and employment background checks to the partner
  organizations.



                        www.nonprofitinvestor.org
More Information

• Access the full research report for free here:
  nonprofitinvestor.org/iMentor

• To provide feedback on the report, please either
  comment directly on our website or contact us
  directly: nonprofitinvestor.org/contact




                   www.nonprofitinvestor.org
About NPI

• Nonprofit Investor publishes detailed, peer-reviewed
  evaluations of charities written by business leaders
  with due diligence expertise. All research reports are
  free to download: nonprofitinvestor.org/research
• Follow NPI:
   – Twitter: @nonprofitinvest
   – Quora Blog: nonprofitinvestor.quora.com
   – Facebook: facebook.com/nonprofitinvestor
• NPI is a 501(c)(3) charity (EIN: 45‐3627609)

                    www.nonprofitinvestor.org

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iMentor Rating Summary

  • 1. NPI Evaluation of iMentor NPI Rating: BUY Rating as of 10/7/2011 Analyst: Jonathan Tran www.nonprofitinvestor.org
  • 2. NPI Rating: BUY In the last 10 years, iMentor has affected over 20,000 lives by cultivating relationships between young mentees and volunteer adult mentors through an innovative combination of e-mail correspondence and in-person meetings. To-date, iMentor has matched over 10,000 mentor-mentee pairs, partnering with 30 NYC schools and after school programs in four of New York City's five boroughs and programs all over the country through iMi. www.nonprofitinvestor.org
  • 3. iMentor: Strengths ▲ iMentor program successfully attracts more mentors because of its flexible online and in-person model. Many potential mentors are excluded in a traditional model because 1x1 meetings are often set at inflexible after-school times and are typically in-person. iMentor’s program provides more flexibility: mentors email mentee once a week, pairs meet in person once a month, mentors devote 6-8 hours a month to mentee on their own schedule. ▲ Mentors are carefully screened, matched, and trained. Mentors must apply via an online application process, undergo criminal background and reference checks, and a phone interview. It seems like the application process is more of a way to screen out obviously egregious applicants vs. “qualified” candidates. Selected mentors attend an initial 2 hour training session and are provided a specific curriculum/checklist to adhere to during mentoring process. The entire process takes 2-4 weeks in total to complete. www.nonprofitinvestor.org
  • 4. iMentor: Strengths (Cont’d) ▲ Partnerships with corporations and schools are designed to be long- lasting and heavily involved. For whole-school partnerships, iMentor partners with the entire school by enrolling every single student, eliminating self-selection among students. This creates a long term relationship between mentor/mentee/school with the common end goal of high school graduation and college attendance. This partnership addresses the problem of under-resourced in-house guidance programs. For corporate partnerships, iMentor targets leading companies’ employees to build positive and lasting impacts on their communities. 100% of the current 16 corporate partners renewed with iMentor last year, which demonstrates powerful participation stickiness. ▲ iMentor fundraising programs are diverse and community engaging. Events seem to be well-planned out, diverse, and fun. A few event examples include Twestival NYC, 4 Under 40 guest speakers, wine tastings, galas, happy hours, workshops. iMentor has done a good job building its brand and reputation, especially in the New York City community. www.nonprofitinvestor.org
  • 5. iMentor: Strengths (Cont’d) ▲ Recent statistics demonstrates directional effectiveness of iMentor. During 2009-2010 program year, 83% of mentees in NYC graduated from high school while citywide graduation rate was just 63% (65% for 2010 per Mike Bloomberg). 75% of teachers say students benefited academically from participation in iMentor, while 92% of teachers witnessed mentees becoming more confident in talking with adults and building relationships. ▲ Online interactive mentoring program (“iMi”) helps to address the sizable mentoring gap and is scalable. Of the 17.6mm youth considered in high need of mentoring, only 2.5mm adult mentors exist, leaving ~15mm young people still waiting for mentors. To address this, iMentor created iMi, a multi-year, structured research-informed mentoring curriculum on an online platform for managing all aspects of the mentoring program. Currently, there are 50 iMi partnerships in 20 states across the country. iMi’s technological infrastructure allows for the monitoring of mentor- mentee relationships and provides an easier way to track participation statistics, which may help with competing for government grants. www.nonprofitinvestor.org
  • 6. iMentor: Strengths (Cont’d) ▲ Funding sources are diverse and help provide free program services to all mentors, mentees and partnering schools. iMentor receives its funding from 5 sources: 1) corporate partners, 2) individual donations, 3) government grants, 4) online donor drives and 5) fundraising events. The majority of iMentor’s funding comes from contributions, gifts and grants. For a more detailed analysis, please see “Financial Overview”. www.nonprofitinvestor.org
  • 7. iMentor: Cautions ● Quality of mentoring is difficult to gauge and current monitoring controls may not be very effective. iMentors volunteers are not youth development experts, so the level of impact will vary significantly across each mentor-mentee pair. The background, education and qualifications of the individuals who developed iMentor NYC and iMi’s programs are undisclosed. Although all mentor-mentee emails are logged and can be searched, it seems difficult to accurately grade how effective mentor-mentee conversations are progressing. Some statistics are released on website to summarize results, but much more details are needed in order to gauge and validate effectiveness. Some important metrics and data releases that would be helpful to know from company may include: 1) % mentees who graduate high school, 2) % mentees who get accepted into college, 3) % of mentees who graduate from college, 4) parent/teacher/counsellor testimonies and 5) level of improvement of average grades. www.nonprofitinvestor.org
  • 8. iMentor: Cautions ● Financials and program data points are very limited. Company has only made available their financials for select years (2007, 2008 and 2009) and details are limited. Financial information before 2007 would be helpful to more accurately assess growth and efficiency of corporation. The release of 2010 financials will provide extremely important data in judging how effective iMentor has been in deploying the company’s rapidly expanding level of funds. ● Inconsistencies exist between iMentor’s NYC based program and iMi interactive model. Mentor screening standards are different between these two programs, which questions how the company will control quality of mentoring. iMentor NYC has the burden of responsibility to screen their mentors, while iMi outsources the screening and employment background checks to the partner organizations. www.nonprofitinvestor.org
  • 9. More Information • Access the full research report for free here: nonprofitinvestor.org/iMentor • To provide feedback on the report, please either comment directly on our website or contact us directly: nonprofitinvestor.org/contact www.nonprofitinvestor.org
  • 10. About NPI • Nonprofit Investor publishes detailed, peer-reviewed evaluations of charities written by business leaders with due diligence expertise. All research reports are free to download: nonprofitinvestor.org/research • Follow NPI: – Twitter: @nonprofitinvest – Quora Blog: nonprofitinvestor.quora.com – Facebook: facebook.com/nonprofitinvestor • NPI is a 501(c)(3) charity (EIN: 45‐3627609) www.nonprofitinvestor.org