2020-04-22T11:17:10-05:00 2019-06-30 BDO USA LLP 100 PARK AVENUE NEW YORK NY 100175001 990 2018-07-01 133408731 NETWORK FOR TEACHING ENTREPRENEURSHIP % MARY RADFORD NETW 2122323333 120 WALL STREET 18TH FLOOR NEW YORK NY 10005 JEAN-DANIEL LAROCK CEO & PRESIDENT 2122323333 2020-04-21 true Paul Hammerschmidt P01384178 2128858000 72.69.61.30 26308920201135000007 2020-04-22 P D70B10EF617FA1489EC280627DA9B4A800B8227E 0250A0117BBBF50B142145F0ADF59CAFA50564D7 2018 2021-01-29 14:40:06Z NFTE Jean-Daniel LaRock 120 WALL STREET 18TH FLOOR NEW YORK NY 10005 9248228 false X WWW.NFTE.COM X 1986 NY TO PREPARE YOUTH FROM UNDER-RESOURCED COMMUNITIES FOR LIFELONG SUCCESS BY TEACHING BUSINESS & ACADEMIC SKILLS AND BY ACTIVATING THE ENTREPRENEURIAL MINDSET IN STUDENTS 15 14 104 2335 0 0 8271025 7355860 1279887 1465209 10935 33388 409484 271354 9971331 9125811 439643 437549 0 0 8465755 8025952 0 0 1719972 6284091 5919958 15189489 14383459 -5218158 -5257648 12502529 7356678 1500059 1610839 11002470 5745839 X Network for Teaching Entrepreneurship ("NFTE") IS A GLOBAL EDUCATIONAL NONPROFIT FOCUSED ON TEACHING STARTUP SKILLS AND ACTIVATING THE ENTREPRENEURIAL MINDSET IN YOUTH FROM UNDER-RESOURCED COMMUNITIES. RESEARCH SHOWS THAT THE ENTREPRENEURIAL MINDSET A SET OF SKILLS INCLUDING INITIATIVE, SELF-RELIANCE, ADAPTABILITY, CREATIVITY, CRITICAL THINKING, AND PROBLEM SOLVING LEADS TO LIFELONG SUCCESS. EMPOWERED BY THE ENTREPRENEURIAL MINDSET AND EQUIPPED WITH THE ACADEMIC AND BUSINESS SKILLS NFTE TEACHES, PROGRAM ALUMNI ARE COLLEGE- AND CAREER-READY, PREPARED TO THRIVE IN THE 21ST CENTURY INNOVATION ECONOMY. NFTE HAS MORE THAN THREE DECADES OF EXPERIENCE IMPLEMENTING ITS AWARD-WINNING, PROJECT-BASED CURRICULUM AND HAS REACHED WELL OVER ONE MILLION STUDENTS ACROSS THE U.S. AND ABROAD SINCE ITS FOUNDING. false false 10721171 437549 1465209 DURING THE 2018-2019 SCHOOL YEAR, Network for Teaching Entrepreneurship ("NFTE") SERVED MORE THAN 100,000 YOUNG PEOPLE. THIS INCLUDED MORE THAN 29,000 NFTE STUDENTS IN MIDDLE SCHOOL AND HIGH SCHOOL PROGRAMS IN 21 STATES ACROSS THE U.S. AND 34,000 YOUNG PEOPLE PARTICIPATING IN ONLINE ENTREPRENEURSHIP EXPERIENCES (AWARENESS PROGRAMS) AS WELL AS AN ADDITIONAL 40,0000 STUDENTS OUTSIDE THE U.S. SERVED THROUGH PARTNERSHIPS WITH OTHER EDUCATIONAL/YOUTH DEVELOPMENT ORGANIZATIONS OFFERING NFTE PROGRAMS IN MEXICO, GERMANY, BELGIUM, ISRAEL, INDIA, CHINA, IRELAND, AND SINGAPORE. STUDENTS IN NFTE PROGRAMS LEARN HOW TO DEVELOP A BUSINESS PLAN AND HOW TO MARKET THEIR BUSINESS CONCEPT. DURING THE 2018-2019 SCHOOL YEAR, THOUSANDS OF NFTE STUDENTS IN THE U.S. WENT ON TO COMPETE IN REGIONAL AND NATIONAL BUSINESS PLAN AND PITCH COMPETITIONS AS PART OF THE NATIONAL YOUTH ENTREPRENEURSHIP CHALLENGE SERIES, COMPETING FOR A TOTAL OF $150,000 IN PRIZE MONEY AWARDED SPECIFICALLY TO HELP STUDENTS GROW OR LAUNCH THEIR BUSINESSES OR FURTHER THEIR EDUCATIONAL GOALS. NFTE DESIGNS, DEVELOPS AND PUBLISHES CURRICULUM; TRAINS PUBLIC AND CHARTER SCHOOL TEACHERS TO TEACH NFTE COURSES; AND WORKS WITH TEACHERS TO FACILITATE THE EXPERIENTIAL LEARNING MODEL. TEACHERS ACROSS THE U.S. AND AROUND THE WORLD DELIVER THE NFTE CURRICULUM, AND NFTE OFFERS A VARIETY OF PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR TEACHERS, INCLUDING WEBINARS, LIVE TRAINING SESSIONS, PEER-TO-PEER COACHING EVENTS, AND AN ANNUAL TEACHER CONFERENCE. IN ADDITION, NFTE DEVELOPS ASSESSMENT TOOLS AND CONDUCTS RESEARCH TO IMPROVE THE EFFECTIVENESS OF CURRICULUM. NFTE HAS ALSO ESTABLISHED ITS ENTREPRENEURIAL MINDSET INDEX (EMI) AS A VALID TOOL FOR MEASURING MASTERY IN CORE DOMAINS IDENTIFIED AS CRITICAL TO ENTREPRENEURIAL THINKING. THE EMI, WHICH WAS DEVELOPED IN COLLABORATION WITH RESEARCHERS AT THE EDUCATIONAL TESTING SERVICE, IS A RESOURCE FOR TEACHERS AND STUDENTS IN NFTE PROGRAMS AND IS EMBEDDED IN THE NFTE CURRICULUM. NFTE ALSO OFFERS A PRE-EMI CLASSROOM REPORT, A RESOURCE TO HELP TEACHERS UNDERSTAND THE ENTREPRENEURIAL MINDSET OF A PARTICULAR CLASS AND SEE HOW THAT CLASS COMPARES TO OTHER CLASSES ACROSS THE U.S. THE NFTE MODEL LEVERAGES CLASSROOM TEACHERS TO DELIVER THE NFTE CURRICULUM. THE BENEFIT TO NFTE IS THAT TEACHERS ARE PAID BY THEIR RESPECTIVE SCHOOL DISTRICTS. THE CHALLENGE FOR THE ORGANIZATION'S CONTRIBUTORS AND ASSESSORS IS RECOGNIZING THE ECONOMIC VALUE OF THOSE TEACHERS IS EXCLUDED, IN TAX REPORTING, FROM THE MEASUREMENT OF EXPENDITURES RELATED TO PROGRAM EFFORTS. THE TEACHERS ARE ESSENTIAL TO MEETING THE ORGANIZATIONS MISSION, THUS THE ECONOMIC VALUE ($4 MILLION PLUS) MUST BE FACTORED INTO ANY ASSESSMENT OF THE ORGANIZATION TO HAVE A TRUE COMPARISON WITH OTHER ORGANIZATIONS. 10721171 true true false false false false false false false false true false false false true true false true false false true true true false true false false true true true false false false false false false false true true false false false false true false false false true 318 0 true 104 true false false false false false true true false false false false false false X 15 14 false false false false false false false true true false false true true true true true true true false false AL AK AZ AR CA CT FL GA IL KS KY ME MD MA MI MN MS NH NJ NM NY NC OH OK OR PA RI SC TN VA WA WV WI X X MARY RADFORD 2122323333 120 WALL STREET 18TH FLOOR NEW YORK NY 10005 X Shawn Osborne President and CEO, THRU 6/19 50.0 1.0 X X 396352 0 32352 Peter Boni CHAIR 2.0 1.0 X X 0 0 0 Timothy Murphy Co-Vice Chair 2.0 1.0 X X 0 0 0 Tucker York CO-Vice Chair 2.0 1.0 X X 0 0 0 Patricia Alper Director 2.0 0.0 X 0 0 0 Matthew Audette Director, THRU 8/18 2.0 0.0 X 0 0 0 Troy Carter Director, THRU 8/18 2.0 0.0 X 0 0 0 David Chubak Director 2.0 0.0 X 0 0 0 Kyle Garman Director 2.0 0.0 X 0 0 0 Rahfeal Gordon Director, THRU 8/18 2.0 0.0 X 0 0 0 Noah Hanft Director 2.0 0.0 X 0 0 0 Gus Harris Director 2.0 0.0 X 0 0 0 Michael Kacsmar Director 2.0 0.0 X 0 0 0 Alan Kelly director, THRU 11/18 2.0 0.0 X 0 0 0 Kellam Mattie Director 2.0 0.0 X 0 0 0 Andrew Oliver Director 2.0 0.0 X 0 0 0 Anthony Salcito Director 2.0 0.0 X 0 0 0 Diana Davis Spencer Director 2.0 0.0 X 0 0 0 David Spreng Director 2.0 0.0 X 0 0 0 Peter Walker Director, THRU 11/18 2.0 0.0 X 0 0 0 Howard Brover thru 219 VP FINANCE/SECRETARY & TREAS. 50.0 1.0 X 169101 0 47396 Larisa Mueller VP FINANCE, AS OF 2/19 50.0 1.0 X 0 0 0 Daniel Delany SR VP STRATEGY & EXT RELATIONS 50.0 0.0 X 231228 0 34147 James Johnston Sr VP & COO 50.0 0.0 X 187311 0 21191 THEODORE THOMPSON VP engagement & implementation 50.0 0.0 X 156793 0 45378 Thomas Gold VP Research, THRU 10/18 50.0 0.0 X 152370 0 18586 Jane Walsh VP OF Development 50.0 0.0 X 150360 0 4998 1443515 0 204048 21 false true false Atlas Learning Inc 174 Nassau Street PRINCETON NJ 08542 CONSULTING 150000 Alyssa Miller 44 West 12 Street NEW YORK NY 10011 Public RelationS 117219 BDO USA LLP 100 Park Avenue NEW YORK NY 10017 AUDIT & TAX 111700 3 X 40890 535000 6779970 46920 7355860 CONTRACT SERVICES 900099 1297259 1297259 TRAINING FEES 900099 139450 139450 LICENSE FEES 900099 28500 28500 1465209 33277 33277 0 101820 101820 0 0 0 55398 55287 111 111 111 31612 40890 31612 0 0 0 0 0 95215 35518 59697 59697 MISCELLANEOUS INCOME 900099 109837 109837 109837 9125811 1465209 304742 225000 225000 142549 142549 70000 70000 0 615190 187740 263044 164406 157277 150000 7277 5933144 4369861 661524 901759 121503 95433 11552 14518 664483 519834 58367 86282 534355 393792 69700 70863 0 29690 29690 106456 10000 96456 0 0 0 1274274 845009 189523 239742 63629 51517 12112 298223 203330 69990 24903 100742 69771 25935 5036 0 844930 539695 249170 56065 518405 394115 20221 104069 0 195045 193078 79 1888 0 0 55964 55964 141080 80416 35269 25395 STUDENTS EXPENSES 1126540 1126540 TEACHERS EXPENSES 900529 900529 DUES AND SUBSCRIPTIONS 81979 69681 8663 3635 BAD DEBT EXPENSE 74555 74555 107917 83281 15337 9299 14383459 10721171 1942316 1719972 79801 99943 5250244 2781465 6089472 3775640 348195 301152 0 0 0 0 0 0 46966 28203 454615 189752 2815314 2695984 175293 119330 9703 0 0 0 0 0 0 0 48240 61193 12502529 7356678 1086586 1197806 0 0 40750 59113 0 0 0 0 0 0 0 0 0 0 372723 353920 1500059 1610839 X -4106471 -2733577 15108941 8479416 0 0 11002470 5745839 12502529 7356678 -5257648 1017 X false true X true false X 14226388 19931505 17735481 8271025 7355860 67520259 0 0 14226388 19931505 17735481 8271025 7355860 67520259 31727809 35792450 124298 143146 115119 241065 135097 758725 0 60117 82871 25200 72651 109837 350676 68629660 5052864 0.52153 0.55833 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 275392 176975 98417 791844 791844 0 1748078 1727165 20913 119330 0 DEFERRED RENT 353920 353920 X 13916327 1017 4753981 35518 4790516 9125811 9125811 19172958 4753981 35518 4789499 14383459 14383459 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. NETWORK FOR TEACHING ENTREPRENEURSHIP (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. Part XI AND PART XII, LINE 2D: COST OF GOODS SOLD .....$35,518 true East Asia and the Pacific 0 0 Grantmaking 25000 North America 0 0 Grantmaking 42500 South Asia 0 0 Grantmaking 2500 Europe (Including Iceland and Greenland) 0 0 Program Services BUSINESS DEVELOPMENT 60451 South Asia 0 0 Program Services BUSINESS DEVELOPMENT 25453 0 0 0 0 155904 155904 North America PROGRAM SUPPORT 42500 wire East Asia and the Pacific PROGRAM SUPPORT 25000 wire 2 true false false false false false PART I, LINE 2: ALL POTENTIAL GRANTEE ORGANIZATIONS AND THEIR PROGRAMS ARE ASSESSED BY A NFTE PROGRAM OFFICER WHO DISCUSSES THE PROPOSED WORK WITH THE PROSPECTIVE GRANTEE AND DETERMINES THE ORGANIZATION'S CAPACITY TO UNDERTAKE IT. ALL PROPOSED GRANTS AND WRITTEN SUBMISSIONS BY PROSPECTIVE GRANTEES UNDERGO REVIEW. NFTE ESTABLISHES A RANGE OF GRANT CONDITIONS AS OUTLINED IN LICENSEE AGREEMENT THAT IS SIGNED BY NFTE AND THE LICENSEE (GRANTEE). GRANTEES ARE REQUIRED TO SUBMIT A REPORT THAT IS REVIEWED BY A PROGRAM OFFICER FOR COMPLIANCE WITH THE TERMS OF THE LICENSEE AGREEMENT AND ALL ASSOCIATED GRANTS. NFTE MAINTAINS FINANCIAL RECORDS SUBSTANTIATING GRANT AND ASSISTANCE AMOUNTS. la golf 72502 40890 31612 21368 3548 6696 0 72502 40890 31612 21368 3548 6696 31612 true EverFi Inc 3299 K St NW 4th Fl Washington DC 20007 261818856 N/A 225000 SUPPORT NFTE VENTURE 0 1 Venture Capital/Scholarship/Prizes for Student 8 72999 Teacher Prizes & Awards 9 69550 PART I, LINE 2: BUSINESS PLAN COMPETITION WINNERS RECEIVE SCHOLARSHIPS AS PART OF THEIR PRIZES. THESE PAYMENTS ARE GENERALLY DIRECTED TO ACADEMIC INSTITUTIONS. EVERFI, INC. PRODUCES QUARTERLY UPDATES ON SCHOOL AND NUMBER OF STUDENTS WHERE NFTE VENTURE WAS DELIVERED. X X X true false false false false false false true false Shawn Osborne President and CEO, THRU 6/19 395320 0 0 0 1032 0 8250 0 24102 0 428704 0 0 0 Howard Brover thru 219 VP FINANCE/SECRETARY & TREAS. 167517 0 0 0 1584 0 5400 0 41996 0 216497 0 0 0 Daniel Delany SR VP STRATEGY & EXT RELATIONS 230868 0 0 0 360 0 7140 0 27007 0 265375 0 0 0 James Johnston Sr VP & COO 185727 0 0 0 1584 0 5749 0 15442 0 208502 0 0 0 THEODORE THOMPSON VP engagement & implementation 155553 0 1000 0 240 0 5043 0 40335 0 202171 0 0 0 Thomas Gold VP Research, THRU 10/18 119826 0 0 0 32544 0 3725 0 14861 0 170956 0 0 0 Jane Walsh VP OF Development 150000 0 0 0 360 0 4500 0 498 0 155358 0 0 0 PART I, LINE 4A: Thomas Gold, VP Research THRU 10/2018, RECEIVED A SEVERANCE PAYMENT OF $31,327, WHICH IS INCLUDED ON PART II, COLUMN B(III). PART I, LINE 7: in 2018, Theodore Thompson (VP of Engagement & Implementation) received an employee referral incentive payment of $1,000, as reported on Part II, Column B (II). ATLAS LEARNING INC FORMER OFFICER/FOUNDER OWNS ATLAS LEARNING, INC. 150000 CONSULTING FEE false PART IV: THE FILING ORGANIZATION CONTRACTED WITH ATLAS LEARNING, INC. (EIN 47-5235217) TO PROVIDE CONSULTING SERVICES IN SUPPORT OF NFTE ENTREPRENEURIAL TEACHER CORPS PROJECT. X 3 43590 MARKET QUOTATION X 2 3330 Selling Price 0 false true false PART I, COLUMN (B): THE FILING ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, 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 FORTH COMING THEY ARE RESOLVED AND A FINAL RETURN IS SUBMITTED TO MANAGEMENT AND AUDIT COMMITTEE AS WELL AS THE ENTIRE BOARD, SIGNED BY MANAGEMENT, AND FILED WITH IRS. FORM 990, PART VI, SECTION B, LINE 12C: EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL SIGN A STATEMENT ANNUALLY OR UPON APPOINTMENT WHICH AFFIRMS SUCH PERSON : A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, B) HAS READ AND UNDERSTANDS THE POLICY, C) HAS AGREED TO COMPLY WITH THE POLICY, AND D) UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15A: TYPICALLY, EACH YEAR, EMPLOYEES' BASE SALARIES ARE REVIEWED FOR POSSIBLE SALARY ADJUSTMENTS. THE PERCENTAGE OF THE ADJUSTMENT, IF ANY, IS DEPENDENT ON MANY FACTORS INCLUDING, BUT NOT LIMITED TO, MARKET CONDITIONS, INTERNAL AND EXTERNAL COMPETITIVENESS, PERFORMANCE OF BOTH THE EMPLOYEE AND THE ORGANIZATION, AND HOW LONG THE EMPLOYEE HAS BEEN IN THEIR CURRENT POSITION AND WITH THE COMPANY. THE ORGANIZATION PERIODICALLY ENGAGES AN OUTSIDE COMPENSATION CONSULTANT IN CONJUNCTION WITH THE HR DEPARTMENT TO REVIEW AND COMPARE COMPENSATION ACROSS ALL TITLES, AND TO ESTABLISH SALARY BANDS FOR EACH POSITION. IN DETERMINING COMPENSATION FOR THE PRESIDENT/CEO, THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS ESTABLISHES ANNUAL GOALS AND REVIEWS PERFORMANCE AGAINST THOSE GOALS AND REVIEWS COMPARABLE COMPENSATION FROM OTHER SIMILAR ORGANIZATIONS. THE DECISION IS DOCUMENTED AND FILED IN THE PERSONNEL FILE. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON ITS OWN WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. NFTE ENDOWMENT FUND INC 120 WALL STREET 18TH FLOOR NEW YORK NY 10005 270135465 SUPPORT NY 501(C)(3) 12B NFTE true false false true false false false false false false false false true true true true false false false false NFTE ENDOWMENT FUND INC C 535000 COST