Civic Intelligence

Institute for Entrepreneurial Leadership Inc

EIN 04-3660900 • 501(c)3 • Newark, NJ

Profile

See nbsp;statement nbsp;1

550 Broad Street Ste 702Newark, NJ 07102

www.weareifel.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

66th percentile

0.33x

Higher debt load relative to assets than 66% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

59th percentile

0.30x

Higher debt load relative to revenue than 59% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2024

Net Margin

31st percentile

-2.9%

Higher net margin than 31% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

82nd percentile

$236,325

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 6.8% of source-year revenue.

NTEE S • $1M-$5M nonprofits • Source year 2024

Asset Growth

4th percentile

-38%

Faster asset growth than 4% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

34th percentile

-1.3%

Faster revenue growth than 34% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$3,071,050

Down $1,890,308 (-38%) from 2023

Liabilities

Down

$1,024,363

Down $1,788,826 (-64%) from 2023

Net Assets

Down

$2,046,687

Down $101,482 (-4.7%) from 2023

Revenue

Down

$3,456,118

Down $46,080 (-1.3%) from 2023

Expenses

Up

$3,557,600

Up $620,535 (+21%) from 2023

Net Income

Down

-$101,482

Down $666,615 (-118%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2009: $18,159Liabilities 2009: $4,1272009Assets 2010: $56,807Liabilities 2010: -$253Net Assets 2010: $57,0602010Assets 2011: $56,807Liabilities 2011: -$253Net Assets 2011: $57,0602011Assets 2012: $37,539Liabilities 2012: $0Net Assets 2012: $37,5392012Assets 2013: $245,323Liabilities 2013: $225,000Net Assets 2013: $20,3232013Assets 2014: $150,495Liabilities 2014: $100,000Net Assets 2014: $50,4952014Assets 2015: $155,333Liabilities 2015: $97,500Net Assets 2015: $57,8332015Assets 2016: $95,053Liabilities 2016: $0Net Assets 2016: $95,0532016Assets 2017: $117,326Liabilities 2017: $0Net Assets 2017: $117,3262017Assets 2018: $50,096Liabilities 2018: $10,000Net Assets 2018: $40,0962018Assets 2019: $101,104Liabilities 2019: $2,428Net Assets 2019: $98,6762019Assets 2020: $679,972Liabilities 2020: $115,681Net Assets 2020: $564,2912020Assets 2021: $1,124,627Liabilities 2021: $138,778Net Assets 2021: $985,8492021Assets 2022: $3,193,132Liabilities 2022: $1,610,095Net Assets 2022: $1,583,0372022Assets 2023: $4,961,358Liabilities 2023: $2,813,189Net Assets 2023: $2,148,1692023Assets 2024: $3,071,050Liabilities 2024: $1,024,363Net Assets 2024: $2,046,6872024

Highlighted filing

2024

Assets$3,071,050
Liabilities$1,024,363
Net Assets$2,046,687

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2009: $87,659Expenses 2009: $90,677Net Income 2009: -$3,0182009Revenue 2010: $295,228Expenses 2010: $252,200Net Income 2010: $43,0282010Revenue 2011: $295,228Expenses 2011: $252,200Net Income 2011: $43,0282011Revenue 2012: $367,358Expenses 2012: $354,469Net Income 2012: $12,8892012Revenue 2013: $236,423Expenses 2013: $247,797Net Income 2013: -$11,3742013Revenue 2014: $287,846Expenses 2014: $257,674Net Income 2014: $30,1722014Revenue 2015: $298,395Expenses 2015: $291,057Net Income 2015: $7,3382015Revenue 2016: $265,507Expenses 2016: $237,197Net Income 2016: $28,3102016Revenue 2017: $248,877Expenses 2017: $226,604Net Income 2017: $22,2732017Revenue 2018: $166,931Expenses 2018: $187,563Net Income 2018: -$20,6322018Revenue 2019: $232,223Expenses 2019: $173,643Net Income 2019: $58,5802019Revenue 2020: $775,017Expenses 2020: $277,739Net Income 2020: $497,2782020Revenue 2021: $1,233,209Expenses 2021: $772,023Net Income 2021: $461,1862021Revenue 2022: $2,362,721Expenses 2022: $1,805,215Net Income 2022: $557,5062022Revenue 2023: $3,502,198Expenses 2023: $2,937,065Net Income 2023: $565,1332023Revenue 2024: $3,456,118Expenses 2024: $3,557,600Net Income 2024: -$101,4822024

Highlighted filing

2024

Revenue$3,456,118
Expenses$3,557,600
Net Income-$101,482

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.07$1.02$2.05$3.46$3.56$0.10
2023Detailed filing. Detailed filing data is available for this year.$4.96$2.81$2.15$3.50$2.94$0.57
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.19$1.61$1.58$2.36$1.81$0.56
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.12$0.14$0.99$1.23$0.77$0.46
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.12$0.56$0.78$0.28$0.50
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.10$0.00$0.10$0.23$0.17$0.06
2018Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.05$0.01$0.04$0.17$0.19$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.12$0.00$0.12$0.25$0.23$0.02
2016Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.10$0.00$0.10$0.27$0.24$0.03
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.16$0.10$0.06$0.30$0.29$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.15$0.10$0.05$0.29$0.26$0.03
2013Summary only. Only limited summary data is available for this year.$0.25$0.23$0.02$0.24$0.25$0.01
2012Summary only. Only limited summary data is available for this year.$0.04$0.00$0.04$0.37$0.35$0.01
2011Summary only. Only limited summary data is available for this year.$0.06$0.00$0.06$0.30$0.25$0.04
2010Summary only. Only limited summary data is available for this year.$0.06$0.00$0.06$0.30$0.25$0.04
2009Summary only. Only limited summary data is available for this year.$0.02$0.00$0.09$0.09$0.00
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$3,502,198
Mission and Program Overview

Mission

The institute for entrepreneurial leadership (ifel) supports economic development through entrepreneurship. We take a hands on approach to helping ambitious entrepreneurs identify, obtain and leverage the resources necessary to create jobs and wealth in the communities that we serve. We have special outreach efforts targeting traditionally underserved business owners and inner-city communities.

Our mission is to eradicate the systemic barriers to entrepreneurial success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,026,446$3,271,505▲ $245,059
Investments Program Related-$1,420,000-
Accounts Receivable$153,563$81,406▼ $72,157
Prepaid Expenses and Deferred Charges$13,123$34,976▲ $21,853
Land, Buildings, and Equipment, Net-$6,210-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$3,193,132$4,961,358▲ $1,768,226
Other Assets Total-$147,261-
Liabilities
Deferred Revenue$1,485,866$1,489,640▲ $3,774
Accounts Payable and Accrued Expenses$32,947$1,098,886▲ $1,065,939
Other Liabilities-$141,148-
Mortgage Notes Payable Secured by Investment Property$88,854$81,270▼ $7,584
Unsecured Notes Loans Payable$2,428$2,245▼ $183
Total Liabilities$1,610,095$2,813,189▲ $1,203,094
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$359,776$1,898,170▲ $1,538,394
Net Assets With Donor Restrictions$1,223,261$249,999▼ $973,262
Total Net Assets Fund Balance$1,583,037$2,148,169▲ $565,132
Total Liabilities and Net Assets / Fund Balance$3,193,132$4,961,358▲ $1,768,226
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jill JohnsonChief Executive OfficerFT$312,500-$312,500
-CEO-$250,000$62,500$312,500
Jeremee JohnsonVice President of Marketing TechnFT$131,719-$131,719

Board Members and Trustees

NameTitle
Larry BailinChairman
Stephen WhiteBoard Member
Tom ReynoldsDirector
Zoe BoganDirector
Pasquale NocitoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Kent LucasBusiness Development550 BROAD STREET SUITE 702, Newark, NJ 07102$120,000
Revenue and Support

Revenue Composition

Contributions and Grants
$3,502,198
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,502,198
Change in Net Assets
$565,133
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,895,490
Other Expenses$1,041,575
Total Fundraising Expense$146,852
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$1,395,341$127,884$63,941$1,587,166
Fees for Services Management$539,681$63,492$31,746$634,919
Current Officers, Directors, Trustees, and Key Employees$215,827$61,665$30,832$308,324
Occupancy$113,919$13,402$6,701$134,022
Travel$111,373$13,103$6,551$131,027
Advertising$44,777$5,268$2,634$52,679
Information Technology$43,756$5,148$2,574$51,478
Insurance$9,448$1,111$556$11,115
Office Expenses$3,784$445$223$4,452
Other Expenses$2,152$253$126$2,531
Total Functional Expenses$2,496,506$293,707$146,852$2,937,065
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section A, Line 2

Tom reynolds is the ceos husband. He is recused and does not vote on matters of compensation or employment related to the ceo. Jeremee johnson is also the ceos sister. She is an employee who is the vice president of marketing and technology.

Part VI, Section B, Line 15A

The board internally approves this.

Filing and Contact Details

Filer

Filer Name
Institute for Entrepreneurial Leadership Inc
EIN
04-3660900
Phone
9733530611
Address
550 BROAD STREET STE 702, NEWARK, NJ 07102

Signing Officer

Name
Jill L Johnson
Title
CEO
Phone
9733530611
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jill L Johnson
Formed
2002
Legal Domicile
Nj
Voting Board Members
5
Independent Board Members
5
Employees
20
Volunteers
1,200

Preparer

Firm
Coombs CPA Pc
Address
902 BERGEN STREET, NEWARK, NJ 07112
Preparer
Andrew Coombs
Phone
9738499119
Raw XML AppendixShowing 400 of 428 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01898170
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt06701
IRS990/OccupancyGrp/ManagementAndGeneralAmt013402
IRS990/OccupancyGrp/ProgramServicesAmt0113919
IRS990/OccupancyGrp/TotalAmt0134022
IRS990/OfficeExpensesGrp/FundraisingAmt0223
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0445
IRS990/OfficeExpensesGrp/ProgramServicesAmt03784
IRS990/OfficeExpensesGrp/TotalAmt04452
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind00
IRS990/OtherAssetsTotalGrp/EOYAmt0147261
IRS990/OtherExpensesGrp/Desc0AWARDS AND RECOGNITIONS
IRS990/OtherExpensesGrp/Desc1MEMBERSHIP DUES
IRS990/OtherExpensesGrp/Desc2BANK CHARGES AND FEES
IRS990/OtherExpensesGrp/FundraisingAmt0759
IRS990/OtherExpensesGrp/FundraisingAmt1209
IRS990/OtherExpensesGrp/FundraisingAmt2126
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01518
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1418
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2253
IRS990/OtherExpensesGrp/ProgramServicesAmt012899
IRS990/OtherExpensesGrp/ProgramServicesAmt13549
IRS990/OtherExpensesGrp/ProgramServicesAmt22152
IRS990/OtherExpensesGrp/TotalAmt015176
IRS990/OtherExpensesGrp/TotalAmt14176
IRS990/OtherExpensesGrp/TotalAmt22531
IRS990/OtherLiabilitiesGrp/EOYAmt0141148
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013123
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt034976
IRS990/PrincipalOfficerNm0JILL L JOHNSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0SMALL BUSINESS CAPACITY-BUILDING - CAPITAL-STARVED BUSINESS OWNERS DO NOT HAVE THE FINANCIAL RESOURCES TO OBTAIN THE EXPERTISE NEEDED TO START AND GROW SUCCESSFULLY. IN ADDITION WE KNOW THAT MANY PEOPLE ARE LOOKING FOR WAYS TO MAKE A DIFFERENCE IN THE WORLD. THROUGH OUR SMALL BUSINESSES NEED US INITIATIVE WE ENGAGE BUSINESS PROFESSIONALS IN SKILLS-BASED VOLUNTEERISM TO PROVIDE HIGH-TOUCH HANDS-ON SUPPORT THROUGH OUR TURNKEY SMALL BUSINESS CAPACITY-BUILDING SYSTEM. LEARN MORE AT WWW.SMALLBUSINESSESNEEDUS.ORG.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt02458383
IRS990/ProgSrvcAccomActy3Grp/Desc0INVESTOR INCLUSION - MORE DIVERSITY AMONG CHECK WRITERS WILL LEAD TO GREATER DIVERSITY OF ENTREPRENEURS RECEIVING FUNDING ESPECIALLY AT THE EARLIEST STAGES. THROUGH OUR INVESTOR INCLUSION WORK WE FOCUS ON BUILDING AWARENESS ABOUT ANGEL INVESTING AND PROVIDING TRAINING AND EXPERIENTIAL LEARNING OPPORTUNITIES FOR ACCREDITED INVESTORS. LEARN MORE AT MAKINGBLACKANGELS.ORG AND PIPELINEANGELS.COM.
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0712538
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IRS990/PYContributionsGrantsAmt02362721
IRS990/PYExcessBenefitTransInd00
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IRS990/PYRevenuesLessExpensesAmt0557506
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IRS990/PYTotalExpensesAmt01805215
IRS990/PYTotalRevenueAmt02362721
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0144672
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt08017817
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0775017
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0232222
IRS990ScheduleA/Total509Grp/TotalAmt08105367
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08105368
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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd01
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990ScheduleJ/RebuttablePresumptionProcInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0250000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount062500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt0JILL JOHNSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TOM REYNOLDS IS THE CEOS HUSBAND. HE IS RECUSED AND DOES NOT VOTE ON MATTERS OF COMPENSATION OR EMPLOYMENT RELATED TO THE CEO. JEREMEE JOHNSON IS ALSO THE CEOS SISTER. SHE IS AN EMPLOYEE WHO IS THE VICE PRESIDENT OF MARKETING AND TECHNOLOGY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD INTERNALLY APPROVES THIS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION B, LINE 15A
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IRS990/SignificantChangeInd00
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IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02496506
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04961358
IRS990/TransactionWithControlEntInd00
IRS990/TravelGrp/FundraisingAmt06551
IRS990/TravelGrp/ManagementAndGeneralAmt013103
IRS990/TravelGrp/ProgramServicesAmt0111373
IRS990/TravelGrp/TotalAmt0131027
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt02428
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt02245
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0702 550 Broad Street
IRS990/USAddress/CityNm0NEWARK
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007102
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.weareifel.org
IRS990/WhistleblowerPolicyInd00

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