Civic Intelligence

Nfte Endowment Fund Inc.

990 • Fiscal year 2019 • EIN 27-0135465

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 21, 2020

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

3rd percentile

0.00x

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

2019 filings • NTEE P • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

3rd percentile

0.00x

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

2019 filings • NTEE P • $10M-$25M nonprofits • Source year 2019

Net Margin

81st percentile

12%

Higher net margin than 81% of similar nonprofits.

2019 filings • NTEE P • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

90th percentile

$428,704

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 68.0% of source-year revenue.

2019 filings • NTEE P • $10M-$25M nonprofits • Source year 2019

Asset Growth

34th percentile

0.7%

Faster asset growth than 34% of similar nonprofits.

2019 filings • NTEE P • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

8th percentile

-24%

Faster revenue growth than 8% of similar nonprofits.

2019 filings • NTEE P • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$12,385,650

Up $81,561 (+0.7%) from 2018

Net Assets

Up

$12,385,650

Up $81,561 (+0.7%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$630,901

Down $196,253 (-24%) from 2018

Expenses

Up

$557,255

Up $45,583 (+8.9%) from 2018

Net Income

Down

$73,646

Down $241,836 (-77%) from 2018

Historical Trend

Balance Sheet Trend

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

2019

Assets$12,385,650
Liabilities$0
Net Assets$12,385,650

Operations Trend

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

2019

Revenue$630,901
Expenses$557,255
Net Income$73,646
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 21, 2020
Return Version
2018v3.3
Gross Receipts
$1,917,347
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$10,598,528$10,610,395▲ $11,867
Savings and Temporary Cash Investments$1,658,025$1,727,921▲ $69,896
Investments Other Securities$47,536$47,334▼ $202
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$12,304,089$12,385,650▲ $81,561
Other Assets Total$0$0→ $0
Liabilities
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
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$10,732,591$10,732,591→ $0
Temporarily Rstr Net Assets$2,321,974$2,403,535▲ $81,561
Unrestricted Net Assets$-750,476$-750,476→ $0
Total Net Assets Fund Balance$12,304,089$12,385,650▲ $81,561
Total Liabilities and Net Assets / Fund Balance$12,304,089$12,385,650▲ $81,561

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$12,304,089-▲ $638,816$557,255$12,385,650
2017$11,943,310-▲ $872,451$511,672$12,304,089
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
Compensation and Service Providers

Board Members and Trustees

NameTitle
Landon HilliardBoard Chairman
SHAWN OSBORNE thru 619President & CEO
David Spreng AS OF 519Board Member
Peter BoniDirector
Tucker YorkDirector
Howard Brover Thru 219VP Finance/secretary & Treas.
Larisa Mueller AS OF 219VP Finance/secretary & Treas.
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$630,901
Other Revenue
$0
Change in Net Assets
$73,646
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$535,000
Other Expenses$22,255
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$535,000--$535,000
Fees for Services Accounting-$19,000-$19,000
Information Technology-$2,440-$2,440
Other Expenses-$750-$750
Office Expenses-$65-$65
Total Functional Expenses$535,000$22,255$0$557,255
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Network for Teaching EntrepreneurshipNew York, NY501(c)(3)General$535,000
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
Yes
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 A, LINE 4:

NFTE Endowment Fund, Inc. amended its by-laws on 5/20/2019 and made below significant changes to maintain compliance with the New York State Prudent Management of Investment Funds Act: - The corporation will have no members - Updated the numbers of directors - Most of all directors at all times shall also be the board of directors of the Network for Teaching Entrepreneurship ("NFTE") - Updated notice of meetings - Added the policies and procedures regarding disqualified person - No committee shall have authority of the sale, lease, exchange or other disposition of all or substantially all the assets of corporation - Separately define the responsibilities of the President and the CEO. - Added responsibilities of vice presidents FORM 990, PART VI, SECTION B, LINE 11B: THE INITIAL DRAFT RETURN IS REVIEWED BY THE CFO AND THE Controller, WHO COMPARE 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, a related 501(c)(3) organization.

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
% MARY RADFORD
Phone
2122323333
Address
120 WALL STREET 18TH FLOOR, NEW YORK, NY 10005

Signing Officer

Name
Jean-daniel Larock
Title
President & CEO
Phone
2122323333
Signed
2020-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jean-daniel Larock
Formed
2005
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
4

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 U.S. GAAP, 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 be sustained. NFTE Endowment fund ("The Reporting Organization") does not believe there are any material uncertain tax positions and, accordingly, it has not recognized 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 IRS Form 990 tax returns, as required, and all other applicable returns in jurisdictions where it is required.

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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt07915
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt065
IRS990/OfficeExpensesGrp/TotalAmt065
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0NYS FILING FEE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0750
IRS990/OtherExpensesGrp/TotalAmt0750
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
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/PrincipalOfficerNm0JEAN-DANIEL LAROCK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0490000
IRS990/PYInvestmentIncomeAmt0827154
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt021672
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0315482
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0511672
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0827154
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt073646
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01658025
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01727921
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
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/SupportAmt0535000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0NETWORK FOR TEACHING ENTREPRENEURSHIP
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt0535000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.06060
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt012304089
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt012385650
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0638816
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0557255
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt011943310
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt012304089
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0872451
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0511672
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt010890007
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt011943310
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01507669
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0454366
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt010287768
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01000000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt010890007
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0147224
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0544985
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt010458516
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt010287768
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0294679
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0465427
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.86650
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 U.S. GAAP, 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 be sustained. NFTE Endowment fund ("The Reporting Organization") does not believe there are any material uncertain tax positions and, accordingly, it has not recognized 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 IRS Form 990 tax returns, as required, and all other applicable returns in jurisdictions where it is required.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.19410
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0535000
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/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0395320
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1167517
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt08250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt15400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt024102
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt141996
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10

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