Civic Intelligence

Nfte Endowment Fund Inc.

990 • Fiscal year 2017 • EIN 27-0135465

Jul 01, 2016 to Jun 30, 2017 • Filed on Apr 13, 2018

Organization ProfileWWW.NFTE.COM
120 Wall Street 18th FloorNew York, NY 10005

(212) 232-3333

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

2nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • NTEE P • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

2nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • NTEE P • $10M-$25M nonprofits • Source year 2017

Net Margin

92nd percentile

34%

Higher net margin than 92% of similar nonprofits.

2017 filings • NTEE P • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

92nd percentile

$458,469

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 66.8% of source-year revenue.

2017 filings • NTEE P • $10M-$25M nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Balance Sheet
Liabilities / Assets2nd percentile

Assets

$11,943,310

No earlier filing loaded for comparison.

Net Assets

$11,943,310

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue2nd percentileNet Margin92nd percentile

Revenue

$685,940

No earlier filing loaded for comparison.

Expenses

$454,366

No earlier filing loaded for comparison.

Net Income

$231,574

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2017: $11,943,310Liabilities 2017: $0Net Assets 2017: $11,943,3102017Assets 2018: $12,304,089Liabilities 2018: $0Net Assets 2018: $12,304,0892018Assets 2019: $12,385,650Liabilities 2019: $0Net Assets 2019: $12,385,6502019Assets 2020: $11,650,421Liabilities 2020: $0Net Assets 2020: $11,650,4212020Assets 2021: $14,450,803Liabilities 2021: $22,250Net Assets 2021: $14,428,5532021Assets 2022: $12,111,727Liabilities 2022: $44,500Net Assets 2022: $12,067,2272022Assets 2023: $12,822,605Liabilities 2023: $66,750Net Assets 2023: $12,755,8552023Assets 2024: $14,336,595Liabilities 2024: $89,000Net Assets 2024: $14,247,5952024

Highlighted filing

2017

Assets$11,943,310
Liabilities$0
Net Assets$11,943,310
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2017: $685,940Expenses 2017: $454,366Net Income 2017: $231,5742017Revenue 2018: $827,154Expenses 2018: $511,672Net Income 2018: $315,4822018Revenue 2019: $630,901Expenses 2019: $557,255Net Income 2019: $73,6462019Revenue 2020: $424,297Expenses 2020: $826,159Net Income 2020: -$401,8622020Revenue 2021: $693,194Expenses 2021: $772,455Net Income 2021: -$79,2612021Revenue 2022: $850,178Expenses 2022: $772,310Net Income 2022: $77,8682022Revenue 2023: $371,151Expenses 2023: $657,316Net Income 2023: -$286,1652023Revenue 2024: $404,658Expenses 2024: $667,410Net Income 2024: -$262,7522024

Highlighted filing

2017

Revenue$685,940
Expenses$454,366
Net Income$231,574
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Apr 13, 2018
Return Version
2016v3.1
Gross Receipts
$1,610,837
Mission and Program Overview

Mission

Nfte endowment fund, inc. Is a supporting organization formed for the benefit of the network for teaching entrepreneurship (nfte). The organization will invest its assets and pay over to nfte any or all the income in accordance with its distribution policy and at the discretion of the board of directors. Payments by the organization can only be made to nfte or for nfte's benefit.

Nfte endowment fund, inc. Is a supporting organization formed for the benefit of the network for teaching entrepreneurship, a related 501(c)(3) organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,933,956$11,135,641▲ $1,201,685
Savings and Temporary Cash Investments$927,489$758,620▼ $168,869
Investments Other Securities$49,773$49,049▼ $724
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$10,911,218$11,943,310▲ $1,032,092
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$21,211$0▼ $21,211
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$21,211$0▼ $21,211
Net Assets / Fund Balance
Permanently Rstr Net Assets$10,732,591$10,732,591→ $0
Temporarily Rstr Net Assets$907,892$1,961,201▲ $1,053,309
Unrestricted Net Assets$-750,476$-750,482▼ $6
Total Net Assets Fund Balance$10,890,007$11,943,310▲ $1,053,303
Total Liabilities and Net Assets / Fund Balance$10,911,218$11,943,310▲ $1,032,092

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$10,890,007-▲ $1,507,669$454,366$11,943,310
2015$10,287,768$1,000,000▲ $147,224$544,985$10,890,007
2014$10,458,516-▲ $294,679$465,427$10,287,768
2013$9,465,798-▲ $1,438,240$445,522$10,458,516
2012$8,730,484$262,756▲ $906,895$434,337$9,465,798
Compensation and Service Providers
Top Officer Pay92nd percentile

Board Members and Trustees

NameTitle
Landon HilliardBoard Chairman
Shawn OsbornePresident & CEO
Peter BoniDirector
Tucker YorkDirector
Howard BroverVP OF FINANCE and information
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$685,940
Other Revenue
$0
Change in Net Assets
$231,574

Audited Revenue Reconciliation

Revenue per Audited Statements
$685,940
Revenue Not Reported on Form 990
$821,729
Total Revenue per Audited Statements
$1,507,669
Total Revenue per Form 990
$685,940
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$433,000
Other Expenses$21,366
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$433,000--$433,000
Fees for Services Accounting-$18,000-$18,000
Information Technology-$2,494-$2,494
Office Expenses-$80-$80
Other Expenses-$17-$17
Total Functional Expenses$433,000$21,366$0$454,366

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$454,366
Total Expenses per Audited Statements$454,366
Total Expenses per Form 990$454,366
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Network for Teaching EntrepreneurshipNew York, NY501(c)(3)General$433,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11B:

“THE INITIAL DRAFT RETURN IS REVIEWED BY THE vp of finance & information, WHO COMPARES THE RETURN TO THE AUDITED FINANCIAL REPORT. THE RESULTS ARE COMMUNICATED WITH OUR RETURN PREPARERS WHO HAVE A CHANCE TO AGREE WITH OR CLARIFY WHY POSITIONS WERE TAKEN. IF QUESTIONS ARE FORTHCOMING THEY ARE RESOLVED AND A FINAL RETURN is SHARED WITH THE PRESIDENT AND BOARD MEMBERS before filing with the irs. form 990, Part VI, section B, line 13&14: NFTE Endowment fund, Inc. abides the policies of NETWORK FOR TEACHING ENTREPRENEURSHIP.”

FORM 990, PART VI, SECTION B, LINE 12C:

“Each director and senior officer shall annually submit to the board secretary and general counsel (or their designees) a statement which confirms that such person has received a copy of the conflict of interest policy, has read and understands the policy, is in compliance with the policy and has agreed to comply with the policy. Each such person shall also complete, and submit to the board secretary and the general counsel (or their designees), at the same time, a declaration of potential conflicts of interest, of which such person may be aware.”

FORM 990, PART VI, SECTION B, LINES 15A AND 15B:

“The organization does not compensate any officers or key employees.”

FORM 990, PART VI, SECTION C, LINE 19:

“THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON network for teaching entrepreneurship's WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Nfte Endowment Fund Inc
EIN
27-0135465
In Care Of
% HOWARD BROVER
Phone
2122323333
Address
120 WALL STREET 18TH FLOOR, NEW YORK, NY 10005

Signing Officer

Name
Howard Brover
Title
VP finance and info
Signed
2018-04-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shawn Osborne
Formed
2005
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Bdo USA Llp
Address
100 PARK AVENUE, NEW YORK, NY 10017-5001
Preparer
Paul Hammerschmidt
Phone
2128858000
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“The organization has adopted investment and spending policies for endowment assets that attempt to provide sufficient income to meet various program and operational expenses, and to extend the pursuit of the organization's mission in perpetuity.”

PART X, LINE 2:

“Under asc 740-10, "accounting for uncertainty in income taxes", an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not that the position will not be sustained. Nfte endowment fund, inc. (the "reporting organization") does not believe there are any material uncertain tax positions and, accordingly, it will not recognize any liability for unrecognized tax benefits. The reporting organization has filed for and received income tax exemptions in the jurisdictions where it is required to do so. Additionally, the reporting organization has filed internal revenue service form 990 tax returns, as required, and all other applicable returns in jurisdictions where it is required. For the year ended june 30, 2017, there were no interest or penalties recorded or included in the statement of activities.”

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IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt010732591
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt010732591
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0SHAWN OSBORNE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01000000
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0469000
IRS990/PYInvestmentIncomeAmt0777412
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt066565
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01241847
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0535565
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01777412
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0231574
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0927489
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0758620
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0133408731
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0433000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0NETWORK FOR TEACHING ENTREPRENEURSHIP
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt0433000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt010890007
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt011943310
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01507669
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0454366
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt010287768
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt01000000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt010890007
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0147224
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0544985
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt010458516
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt010287768
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0294679
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0465427
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt09465798
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt010458516
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01438240
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0445522
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt08730484
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0262756
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt09465798
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0906895
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0434337
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0454366
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0821729
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.89860
IRS990ScheduleD/RevenueNotReportedAmt0821729
IRS990ScheduleD/RevenueSubtotalAmt0685940
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE SUFFICIENT INCOME TO MEET VARIOUS PROGRAM AND OPERATIONAL EXPENSES, AND TO EXTEND THE PURSUIT OF THE ORGANIZATION'S MISSION IN PERPETUITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1UNDER ASC 740-10, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES", AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED. NFTE ENDOWMENT FUND, INC. (THE "REPORTING ORGANIZATION") DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE REPORTING ORGANIZATION HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. ADDITIONALLY, THE REPORTING ORGANIZATION HAS FILED INTERNAL REVENUE SERVICE FORM 990 TAX RETURNS, AS REQUIRED, AND ALL OTHER APPLICABLE RETURNS IN JURISDICTIONS WHERE IT IS REQUIRED. FOR THE YEAR ENDED JUNE 30, 2017, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE STATEMENT OF ACTIVITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.10140
IRS990ScheduleD/TotalExpensesPerForm990Amt0454366
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt0685940
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01507669
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0454366
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0433000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0NETWORK FOR TEACHING ENTREPRENEURSHIP
IRS990ScheduleI/RecipientTable/RecipientEIN0133408731
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0120 WALL ST 18TH FL
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010005
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WAS FORMED FOR THE BENEFIT OF NETWORK FOR TEACHING ENTREPRENEURSHIP (A RELATED 501(C)(3) ORGANIZATION). THE ORGANIZATION INVESTS ITS ASSETS AND PAYS NETWORK FOR TEACHING ENTREPRENEURSHIP ANY OR ALL OF THE INCOME IN ACCORDANCE WITH ITS DISTRIBUTION POLICY AT THE DISCRETION OF THE BOARD OF DIRECTORS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt081250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0298550
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1154818
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt07950
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt14971
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt069687
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt135629
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt01032
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt11032
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SHAWN OSBORNE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1HOWARD BROVER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VP OF FINANCE and information
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0458469
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1196450
IRS990ScheduleJ/SeverancePaymentInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,943,310
Liabilities
$0
Net assets
$11,943,310
Revenue
$685,940
Expenses
$454,366
Net income
$231,574
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$14.3$0.09$14.2$0.40$0.67$0.26
2023Detailed filing. Detailed filing data is available for this year.$12.8$0.07$12.8$0.37$0.66$0.29
2022Detailed filing. Detailed filing data is available for this year.$12.1$0.04$12.1$0.85$0.77$0.08
2021Detailed filing. Detailed filing data is available for this year.$14.5$0.02$14.4$0.69$0.77$0.08
2020Detailed filing. Detailed filing data is available for this year.$11.7$0.00$11.7$0.42$0.83$0.40
2019Detailed filing. Detailed filing data is available for this year.$12.4$0.00$12.4$0.63$0.56$0.07
2018Detailed filing. Detailed filing data is available for this year.$12.3$0.00$12.3$0.83$0.51$0.32
2017Detailed filing. Detailed filing data is available for this year.$11.9$0.00$11.9$0.69$0.45$0.23