Mentor Collective: Company Research Report

Company Overview

Company Name

• Mentor Collective

Mission of the Company

• Mentor Collective aims to make life-changing relationships a central feature of every student's college experience by partnering with forward-thinking institutions committed to equity, inclusion, and relationship-centered education.

Founding Details

• Founded: 2014

• Founders: James Lu Morrissey and Jackson Boyar

Key People in the Company

• Erin Mayhood: CEO

• Christine Burse: Chief Financial Officer

• Andrew Rosen: Board of Directors

Headquarters

• Location: Boston, Massachusetts, US

Number of Employees

• Range: 51-200 employees

Revenue

• No information is available.

Core Competency

• Mentor Collective is known for its impact-driven mentoring programs that facilitate student success through mentorship, reducing summer melt rates and enhancing retention.

Products

Product Overview

• Mentor Collective provides scalable mentorship programs linking students with trained peer, professional, or alumni mentors. These programs are tailored to enhance student engagement, retention, closing equity gaps, and improving career readiness.

Key Features

• Student Retention: An average effect of +3.84% on retention rates.

• Reduction in Summer Melt: Average melt rates have been reduced by -13.79%.

• Scalable Solutions: Over 250,000 mentorship relationships created since inception.

• Configurable Design: Customizable to fit the unique needs of institutions and their students.

• Actionable Insights: Provides real-time insights into students' needs, helping institutions take timely action.

• Student-Driven Experience: Cultivates a network that supports and fosters community engagement.

Recent Developments

Recent Developments in the Company

• Leadership Changes: Christine Burse appointed as Chief Financial Officer. Erin Mayhood promoted to CEO.

• Board of Directors: Inclusion of Andrew Rosen, a seasoned EdTech leader.

New Products Launched

• No information is available.

New Features Added to Existing Products

• No information is available.

Partnerships

• Partnership expansions include collaborations with institutions like the CUNY Black Male Initiative and Pellissippi State Community College.

• Increased engagement in mentorship programs at institutions like San Francisco State University, showing significant improvements in participation and retention rates, particularly among Latinx students.

This concludes the company research report on Mentor Collective, detailing its foundational aspects, product offerings, and recent organizational developments.