Endeavor Global Inc

“Form 990 review process the form 990 is prepared by an international accounting firm in conjunction with the organization's financial department. The financial information used to prepare the form 990 has been independently audited, and the audited financial statements are reviewed by the board's finance committee. Further, the 990 draft filing is reviewed by the cfo for accuracy prior to submission.”

“Conflict of interest policy monitoring & enforcement annually, endeavor requires that all board members, officers and key employees receive, read/understand and sign a conflict of interest policy statement in which any/all potential conflicts are noted. Further, all individuals affirm that he/she understands endeavor's charitable purpose and that disclosure is an imperative condition under which one may serve on the board of directors or as an officer or key employee. The signed conflict of interest statements are reviewed by the cfo and discussed with the ceo. Any conflicts or potential conflicts are brought to the attention of the board of directors and dealt with appropriately. If a conflict arises, the individual affected will recuse himself/herself from participating in the deliberation and decision making related to the transaction. Endeavor also engages in periodic reviews to ensure that compensation/benefits are reasonable and that partnerships, joint-ventures, contracts and other arrangements with third-party organizations, firms or entities conform to endeavor's written policies, including the conflict of interest policy. Endeavor uses outside, third-party advisors, experts and other professionals. These third-parties include but are not limited to, hr consultants, executive recruiting firms, law firms, etc.”

“Process for determining compensation salaries are decided upon by the compensation committee, market data and an independent, third-party hr firm, which provides comprehensive market data and compensation analysis. The compensation study covers all executive team salaries. The last study was conducted in 2024. In the interim years, salary increases are discussed with the hr firm to ensure that they are reasonable and in line with current compensation ranges. The finance committee and ultimately the entire board of directors, ratifies the annual budget, which includes department and aggregate personnel lines.”

“How documents are made available to the public endeavor's form 1023 documents is available via the organization's website. Audited financial statements are made available in summary form in endeavor's annual report. These documents are also made available on public websites (eg, guidestar) and upon request, endeavor will make copies of all these, the audited financial statements, the form 990, governing documents and the conflict of interest policy available to the general public for the same period of disclosure as set forth in section 6104(d).”

“Endeavor global, inc. ("endeavor"), a not-for-profit organization is the leading global community of, by, and for high-impact entrepreneurs those who dream bigger, scale faster, and pay it forward. Driven by our belief that high-impact entrepreneurs transform economies, endeavor is on a mission to build thriving entrepreneurial ecosystems in emerging and underserved markets around the world. With the support of an unrivaled network of seasoned business leaders, endeavor works to catalyze long-term economic growth by selecting, mentoring, and accelerating the best high impact entrepreneurs worldwide. Endeavor supports high-impact entrepreneurs so that they can build thriving companies that employ thousands of people, generate billions in wages, and inspire countless others as role models. Together, these entrepreneurs hold the key to sustained economic growth in every part of the world. Through a rigorous, multi-step selection process, endeavor annually screens thousands of entrepreneurs from around the world to identify those with the best talent and potential for impact. Endeavor supports over 2,600 high-impact entrepreneurs today across 45 markets and counting. This year we continued our active expansion, searching the world to identify markets with a growing pipeline of high-impact entrepreneurs and a vibrant startup scene lacking in scale-up support. Endeavor global is the headquarters of an organization with affiliates in argentina, atlanta, brazil, bulgaria, canada, chile, colombia, colorado, detroit, ecuador, egypt, greece, indonesia, ireland, italy, japan, jordan, kenya, lebanon, louisville, malaysia, mexico, miami, morocco, nw arkansas, nigeria, pakistan, peru, the philippines, poland, portugal, puerto rico, romania, saudi arabia, south africa, spain, tunisia, turkey, uae, ukraine, uruguay, western new york, and vietnam. Endeavor transforms emerging markets by establishing high-impact entrepreneurship as the leading force for sustainable economic development.”

“Partnerships and networks the partnerships and networks team is focused on building a world-class community of chief executive officers, business leaders, investors, and academia to mentor and support catalyst's portfolio of high-impact entrepreneurs. Current activities include: engaging a u.s.-based mentor network; leading the catalyst investor network of leading venture capital firms; building out a corporate network of top global companies that are interested in emerging and growth markets; and invest with the goal to generate long-term competitive financial returns and positive societal impact by providing support to our network in a sustainable manner. Endeavor provides opportunities for both staff members and key endeavor entrepreneurs to discuss with world-class philanthropists and socially responsible corporate leaders ways to give back to the community on a personal and professional level. Endeavor encourages all of its donors not just to contribute financially, but also to donate their time to mentoring entrepreneurs and to pushing forward the cause of economic development in emerging markets. Endeavor entrepreneurs are also spearheading the launch of affiliate-office endowments and/or local-country entrepreneur give-back programs to help build self-sustaining endeavor operations for future generations of entrepreneurs.”

“Entrepreneur selection and growth (esg): working with a network of global business leaders, endeavor identifies and screens thousands of entrepreneur candidates annually who run high-growth businesses. Several times each year, a panel of experienced business people gather to select a new class of endeavor entrepreneurs - those individuals who demonstrate fulfillment of a specific set of values and conditions that match endeavor's expectations and goals at an international selection panel. Selected endeavor entrereneurs receive customized services that meet their specific challenges. Endeavor's services include connecting endeavor entrepreneurs with local and global mentors, managerial talent from blue-chip companies and top business schools, providing access to difficult-to-penetrate networks and educational programming for companies that seek venture capital/private equity and/or companies in later growth stages. At the same time, endeavor has built a peer network of entrepreneurs who provide a strong, supportive community to face any challenge. Upon the issue of this return, endeavor supported 2,673 entrepreneurs from over 1,632 companies across 45 markets around the world.”

“Endeavor community endeavor community's purpose is to allow every entrepreneur in the network to fulfill their full potential in creating jobs and driving innovation in their market. To support this, endeavor delivers an array of services; we put them in front of the best mentors in the world; curate communities where they can, with complete vulnerability, discuss their anxieties and aspirations; offer entrepreneurs exclusive learning programs and a lot more. To make the most of every connection and to continuously provide relevant supportive services to the network, endeavor gathers data though its proprietary intranet and, where appropriate, through its website, http://www.endeavor.org. Endeavor codifies the collected information and transfers the knowledge, best practices, and lessons learned to its 42 markets. Endeavor is in the process of developing a social networking site that will connect entrepreneurs, board members, staff, volunteers and network members around the world.”

“Write-off of uncollectible pledges -418,500. Write-off on disposal of assets -813. Adjustment to net assets due to change in accounting method from tax basis to accrual basis 716,411.”

“The form 990 is now reported on the accrual basis of accounting. As of january 1, 2024, the organization changed its policy for preparing its consolidated financial statements to be based on accounting principles generally accepted in the united states of america ("u.s. Gaap") in order to comply with external reporting requirements. Prior to 2024, the organization's consolidated financial statements were prepared in accordance with the basis of accounting that it uses to file its federal income tax return. The change in basis of accounting required retrospective application which resulted in a cumulative effect adjustment of $716,411 to increase beginning of year net assets as reported on the accompanying consolidated statement of activities.”