Civic Intelligence

The Nasdaq Entrepreneurial Center Inc

EIN 47-1253460 • 501(c)3 • San Francisco, CA

Profile

Established in 2014, the nasdaq entrepreneurial center (the "center") is an independent charity dedicated to educating the public about entrepreneurship and educating individual entrepreneurs on subjects useful to them and beneficial to the community. The center is also dedicated to improving inclusion and access to communities under-represented in entrepreneurial endeavors.

505 Howard Street 100San Francisco, CA 94105

thecenter.nasdaq.org

Siviq Scores

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

Liabilities / Assets

59th percentile

0.20x

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

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

0.37x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

7th percentile

-40%

Higher net margin than 7% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

94th percentile

$453,408

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 13.6% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

4th percentile

-35%

Faster asset growth than 4% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

4th percentile

-58%

Faster revenue growth than 4% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$6,139,347

Down $1,782,993 (-23%) from 2022

Liabilities

Down

$1,225,334

Down $2,969,615 (-71%) from 2022

Net Assets

Up

$4,914,013

Up $1,186,622 (+32%) from 2022

Revenue

Down

$3,335,587

Down $916,213 (-22%) from 2022

Expenses

Down

$4,677,472

Down $784,831 (-14%) from 2022

Net Income

Down

-$1,341,885

Down $131,382 (-11%) from 2022

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0Assets 2016: $9,711,782Liabilities 2016: $1,180,099Net Assets 2016: $8,531,6832016Assets 2017: $9,302,019Liabilities 2017: $1,221,743Net Assets 2017: $8,080,2762017Assets 2018: $8,913,977Liabilities 2018: $1,179,946Net Assets 2018: $7,734,0312018Assets 2019: $6,136,310Liabilities 2019: $1,380,562Net Assets 2019: $4,755,7482019Assets 2020: $4,177,962Liabilities 2020: $1,189,885Net Assets 2020: $2,988,0772020Assets 2021: $6,201,342Liabilities 2021: $1,263,448Net Assets 2021: $4,937,8942021Assets 2022: $7,922,340Liabilities 2022: $4,194,949Net Assets 2022: $3,727,3912022Assets 2024: $6,139,347Liabilities 2024: $1,225,334Net Assets 2024: $4,914,0132024

Highlighted filing

2024

Assets$6,139,347
Liabilities$1,225,334
Net Assets$4,914,013

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2016: $932,560Expenses 2016: $4,356,896Net Income 2016: -$3,424,3362016Revenue 2017: $4,048,801Expenses 2017: $4,500,208Net Income 2017: -$451,4072017Revenue 2018: $3,837,358Expenses 2018: $4,183,603Net Income 2018: -$346,2452018Revenue 2019: $1,214,842Expenses 2019: $4,138,156Net Income 2019: -$2,923,3142019Revenue 2020: $2,264,679Expenses 2020: $3,982,329Net Income 2020: -$1,717,6502020Revenue 2021: $6,113,827Expenses 2021: $4,164,010Net Income 2021: $1,949,8172021Revenue 2022: $4,251,800Expenses 2022: $5,462,303Net Income 2022: -$1,210,5032022Revenue 2024: $3,335,587Expenses 2024: $4,677,472Net Income 2024: -$1,341,8852024

Highlighted filing

2024

Revenue$3,335,587
Expenses$4,677,472
Net Income-$1,341,885

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 24, 2023
Return Version
2022v5.0
Gross Receipts
$4,251,800
Mission and Program Overview

Mission

Established in 2014, the nasdaq entrepreneurial center (the "center") is an independent charity dedicated to educating the public about entrepreneurship and educating individual entrepreneurs on subjects useful to them and beneficial to the community. The center is also dedicated to improving inclusion and access to communities under-represented in entrepreneurial endeavors.

Deliver world-class resources and mentoring to enable every entrepreneur across the globe to realize their maximum potential.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,127,013$3,269,470▲ $2,142,457
Pledges and Grants Receivable$3,487,923$1,479,327▼ $2,008,596
Land, Buildings, and Equipment, Net$1,575,802$1,146,038▼ $429,764
Prepaid Expenses and Deferred Charges$2,389$69,282▲ $66,893
Accounts Receivable$8,215$68,971▲ $60,756
Total Assets$6,201,342$7,922,340▲ $1,720,998
Other Assets Total$0$1,889,252▲ $1,889,252
Liabilities
Other Liabilities$585,572$2,329,062▲ $1,743,490
Grants Payable-$1,157,004-
Accounts Payable and Accrued Expenses$677,876$708,883▲ $31,007
Total Liabilities$1,263,448$4,194,949▲ $2,931,501
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,437,894$2,248,064▲ $810,170
Net Assets With Donor Restrictions$3,500,000$1,479,327▼ $2,020,673
Total Net Assets Fund Balance$4,937,894$3,727,391▼ $1,210,503
Total Liabilities and Net Assets / Fund Balance$6,201,342$7,922,340▲ $1,720,998

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,089,865$2,997,131$4,086,996
Other Land Buildings$56,173$1,449,157$1,505,330
Equipment$0$19,448$19,448
Other Assets Org$1,889,252--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nicola CorzineExecutive DirectorFT$220,000$74,397$294,397
Celena AponteVice President of StrategyFT$180,000$87,977$267,977
Brooke PaliziDirector of MarketingFT$101,673$15,910$117,583
Colin MahinDirector of ProgramsFT$107,369$9,089$116,458
Kamyrisa Twiggs TaylorDirector of Milestone CirclesFT$103,000$13,415$116,415

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$4,174,575
Program Service Revenue
$77,225
Investment Income
$0
Other Revenue
$0
All Other Contributions
$4,174,575
Change in Net Assets
$-1,210,503

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,251,800
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$161,332
Total Revenue per Audited Statements
$4,413,132
Total Revenue per Form 990
$4,251,800
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,498,878
Salaries, Compensation, and Employee Benefits$1,577,413
Grants and Similar Amounts Paid$1,386,012
Total Fundraising Expense$797,023
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$809,277$67,440$247,279$1,123,996
Other Salaries and Wages$784,997$213,071$123,357$1,121,425
Grants to Domestic Orgs$997,774--$997,774
Depreciation Depletion$309,430$25,786$94,548$429,764
Fees for Services Other$212,043-$199,369$411,412
Foreign Grants$388,238--$388,238
Current Officers, Directors, Trustees, and Key Employees$206,078$55,935$32,384$294,397
Payroll Taxes$57,696$15,660$9,067$82,423
Travel$51,218$13,902$8,049$73,169
Other Employee Benefits$44,371$12,044$6,972$63,387
Insurance$45,314$3,776$13,846$62,936
Fees for Services Accounting-$55,460-$55,460
Information Technology$41,080$198$727$42,005
Pension Plan Contributions$11,046$2,998$1,737$15,781
Office Expenses$6,135$522$1,101$7,758
Other Expenses$3,700$2,460$1,130$7,290
All Other Expenses$3,052$828$480$4,360
Fees for Services Legal$939$939-$1,878
Total Functional Expenses$4,172,401$492,879$797,023$5,462,303

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,623,635
Expenses per Audited Statements$5,462,303
Total Expenses per Form 990$5,462,303
Expenses Not Reported on Form 990$161,332
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Camelback VenturesNew Orleans, LA501(c)(3)General Support$202,506
Penn State UniversityUniversity Park, PA501(c)(3)General Support$202,281
Carnegie Mellon UniversityPittsburgh, PA501(c)(3)General Support$150,806
Stanford UniversityPalo Alto, CA501(c)(3)General Support$150,019
Institute for Entrepreneurial LeadershipNewark, NJ501(c)(3)General Support$112,612
Open CollectiveWalnut, CA501(c)(3)General Support$97,650
VetsintechSan Francisco, CA501(c)(3)General Support$81,900

International Summary

Offices
0
Employees
0
Spending
$388,238

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland & Greenland)Grant Making-00$388,238
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$2,329,062
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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

Form 990, Part VI, Section B, Line 11B

Before form 990 is filed with the irs, all of the directors will be provided with a complete draft and will be provided with an opportunity to review and provide feedback.

Form 990, Part VI, Section B, Line 12C

Pursuant to the corporation's conflict of interest policy, all of the corporation's directors, officers, and key employees (if any) are required to abide by the corporation's conflict of interest policy and annually (and as otherwise necessary) complete and return (to the board or the secretary of the corporation) a disclosure statement regarding any potential financial conflicts of interest. Before the officers or directors approve any financial transactions on behalf of the corporation involving a financial conflict of interest, the existence of any such conflict needs to be disclosed to the board and if the board determines that there is such a conflict, then the disterested directors (with regard to the transaction) will approve the transaction if they determine that the transaction is in the best interest of the corporation, is fair and reasonable to the corporation, and whether it would be possible, with reasonable effort, to find a more advantageous arrangement with a disinterested party or entity.

Form 990, Part VI, Section B, Line 15

Nasdaq entrepreneurial center's board of directors annually evaluates the executive director on his/her performance, and asks for his/her input on matters of performance and compensation. Board approval. The human resource team provides research and information to help inform recommendations on the compensation (salary and benefits) of the executive director (and other highly compensated employees or consultants) based on a review of comparability data. This process includes including evaluating compensation levels and benefits for similarly qualified individuals in comparable positions at similar organizations. Concurrent documentation. To approve the compensation for the executive director (and other highly compensated employees and consultants) the board documents its decisions in minutes of the meeting. Documentation includes: a) a description of the compensation and benefits and the date it was approved; b) the members of the board who were present during the discussion about compensation and benefits, and the results of the vote; c) any actions taken (such as abstaining from discussion and vote) with respect to consideration of the compensation by anyone who is otherwise a member of the board but who had a conflict of interest with respect to the decision of the compensation and benefits. Independence in setting compensation. The president of the board of directors, who is a volunteer and not compensated by the nasdaq entrepreneurial center, operates independently without undue influence from the executive director. No member of the executive compensation or human resources committee will be a staff member, the relative of a staff member, or have any relationship with staff that could present a conflict of interest.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy and financial statements are available through written request.

Filing and Contact Details

Filer

Filer Name
The Nasdaq Entrepreneurial Center Inc
EIN
47-1253460
Phone
4157922492
Address
505 HOWARD STREET 100, SAN FRANCISCO, CA 94105

Signing Officer

Name
Nicola Corzine
Title
Executive Director
Phone
4157922492
Signed
2023-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicola Corzine
Formed
2014
Legal Domicile
De
Voting Board Members
9
Independent Board Members
9
Employees
12
Volunteers
150

Preparer

Firm
Bpm Llp
Address
4200 BOHANNON DRIVE SUITE 250, MENLO PARK, CA 94025-1021
Preparer
Elena P Serebriakova
Phone
6508556800
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The center is considered a public charity and is exempt from federal income tax under section 501 (c)(3) of the internal revenue code. The center is exempt from state tax under state of california revenue and taxation code section 23701d, whereby only unrelated business income is subject to federal and state income tax. The center had no unrecognized tax benefits as of december 31, 2022 or 2021. The center files an exempt organization return in the u.s. Federal jurisdiction and with the california franchise tax board. The center is not aware of any transactions that would affect its tax-exempt status.

Raw XML AppendixShowing 400 of 677 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.

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IRS990/ActivityOrMissionDesc0DELIVER WORLD-CLASS RESOURCES AND MENTORING TO ENABLE EVERY ENTREPRENEUR ACROSS THE GLOBE TO REALIZE THEIR MAXIMUM POTENTIAL.
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IRS990/Desc0WE'RE HONORED TO HAVE WORKED WITH OVER 75,000 ENTREPRENEURS SINCE 2014, HALF OF WHOM ARE WOMEN AND MORE THAN 66% OF WHOM ARE PERSONS OF COLOR.THE VENTURE EQUITY PROJECT IS A PROJECT THAT AIMS TO PERMANENTLY REDUCE THE BARRIERS THAT IMPEDE PERSONS OF COLOR WHO WISH TO PURSUE THEIR ENTREPRENEURIAL DREAMS. THE FIRST TWO YEARS FOSTERED INTERVENTIONS ACROSS RESEARCH, PRACTICE AND POLICY WITH RESULTS ACROSS ALL 6 CONDITIONS OF SYSTEM CHANGE (POLICIES, PRACTICES, RESOURCE FLOWS, RELATIONSHIPS & CONNECTIONS, POWER DYNAMICS, MENTAL MODELS). DOZENS OF CONVENINGS IN THE US AND UK WITH INFLUENTIAL LIMITED PARTNERS, GENERAL PARTNERS, DIVERSE FOUNDERS, AND DATA-PROVIDING ORGANIZATIONS LIKE PITCHBOOK AND GO DADDY'S VENTURE FORWARD RESULTED IN ACCELERATED SUPPORT AND THE IDENTIFICATION OF CRITICAL INTERVENTION OPPORTUNITIES AT THE INTERSECTION OF RACE, GENDER, AND GEOGRAPHY. FEATURED IN FORTUNE MAGAZINE, OUR WORK EARNED US A SEAT AT THE US TREASURY'S FREEDMAN'S FORUM, AND THE VISIBILITY GRANTED BY FEATURES ON THE NASDAQ TOWER IN TIMES SQUARE CONTINUE TO GENERATE SIGNIFICANT NETWORK EFFECT AND MEDIA IMPRESSIONS FOR BOTH THE EMERGING MANAGERS WE FEATURED AND THE PROJECT ITSELF. WE ARE STRATEGICALLY POISED TO EXPAND OUR MEDIA AND STORYTELLING PLATFORM WITH INCREASED PRECISION AND RELEVANCE. BASED ON CONVERGENT WORK FROM QUANTITATIVE ANALYSIS ON ENTREPRENEUR DATA AND POLICY LANDSCAPE SCAN WE ARE IN A UNIQUE POSITION TO USE EXISTING RESEARCH TO INFORM A MODEL TO IDENTIFY CITIES THAT SCORE THE HIGHEST IN BUILDING AN ECOSYSTEM OF SUPPORT FOR VENTURE BACKED/ASPIRING ENTREPRENEURS OF COLOR. OUR 2-YEAR STRATEGY ACTIVATES A NETWORK OF CITY LEADERS AND POLICY CHAMPIONS IN SUPPORT OF HEALTHY ENTREPRENEURIAL ECOSYSTEMS AND INSPIRES THE NEXT WAVE OF CITIES TO HAVE ACTIONABLE INSIGHTS THAT DRIVE POSITIVE OUTCOMES ACROSS ALL STAKEHOLDER GROUPS
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IRS990/Form990PartVIISectionAGrp/PersonNm9MELISSA HONEYWELL
IRS990/Form990PartVIISectionAGrp/PersonNm10MELISSA RICK
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IRS990/Form990PartVIISectionAGrp/PersonNm12CELENA APONTE
IRS990/Form990PartVIISectionAGrp/PersonNm13COLIN MAHIN
IRS990/Form990PartVIISectionAGrp/PersonNm14KAMYRISA TWIGGS TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm15BROOKE PALIZI
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14103000
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
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IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE PRESIDENT OF STRATEGY
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR OF PROGRAMS
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR OF MILESTONE CIRCLES
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR OF MARKETING
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IRS990/FormationYr02014
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IRS990/FSAuditedInd01
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
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IRS990/InformationTechnologyGrp/ProgramServicesAmt041080
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IRS990/InsuranceGrp/FundraisingAmt013846
IRS990/InsuranceGrp/ManagementAndGeneralAmt03776
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IRS990/InsuranceGrp/TotalAmt062936
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IRS990/IRPDocumentCnt014
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0522
IRS990/OfficeExpensesGrp/ProgramServicesAmt06135
IRS990/OfficeExpensesGrp/TotalAmt07758
IRS990/OfficerMailingAddressInd00
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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt01889252
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt012044
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0836721
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03510021
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0836189
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IRS990ScheduleA/PublicSupportPY170Pct00.71840
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0836721
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleD/DonatedServicesUseFcltsAmt0161332
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019448
IRS990ScheduleD/ExpensesNotReportedAmt0161332
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05462303
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02997131
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04086996
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01889252
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OPERATING LEASE - RIGHT-OF-USE ASSET
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01449157
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01505330
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02329062

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