2019-05-03T16:29:51-05:00 2018-06-30 BDO USA LLP 100 PARK AVENUE NEW YORK NY 100175001 990 2017-07-01 133408731 NETWORK FOR TEACHING ENTREPRENEURSHIP % LARISA MUELLER NETW 2122323333 120 WALL STREET 18TH FLOOR NEW YORK NY 10005 SHAWN OSBORNE CEO & PRESIDENT 2122323333 2019-05-02 true Paul Hammerschmidt P01384178 2128858000 98.14.202.60 26308920191235000014 2019-05-03 P D3D68E194B83D59AA3409046CF1E6FFD87DF92EC 9C79E9A9669F6ACE2C319A1C04A34C88558E1FDA 2017 2020-01-14 16:20:31Z NFTE SHAWN OSBORNE 120 WALL STREET 18TH FLOOR NEW YORK NY 10005 10126623 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 20 19 98 2809 0 24328 17735481 8271025 808958 1279887 10785 10935 218963 409484 18774187 9971331 390530 439643 0 0 7958822 8465755 0 0 1546840 6452217 6284091 14801569 15189489 3972618 -5218158 18032076 12502529 1812678 1500059 16219398 11002470 X NETWORK FOR TEACHING ENTREPRENEURSHIP ("NFTE") IS THE LEADING EDUCATIONAL NONPROFIT FOCUSED ON TEACHING STARTUP SKILLS AND ACTIVATING THE ENTREPRENEURIAL MINDSET IN YOUTH FROM UNDER-RESOURCED COMMUNITIES. RESEARCH SHOWS THAT THE ENTREPRENEURIAL MINDSET (WHICH INCLUDES SKILLS SUCH AS INNOVATION, SELF-RELIANCE, COMFORT WITH RISK, COMMUNICATION, CRITICAL THINKING AND PROBLEM-SOLVING) PREPARES YOUNG PEOPLE FOR LIFE-LONG SUCCESS. EQUIPPED WITH THE ENTREPRENEURIAL MINDSET AND EMPOWERED BY THE ACADEMIC AND STARTUP 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 11705708 439643 1386893 Network for Teaching Entrepreneurship ("NFTE") SERVED APPROXIMATELY 24,000 MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS IN MORE THAN 20 STATES ACROSS THE U.S. DURING THE 2017-2018 SCHOOL YEAR. NFTE SERVED AN ADDITIONAL 48,0000 STUDENTS OUTSIDE THE U.S. BY LEVERAGING PARTNERSHIPS WITH OTHER EDUCATIONAL/YOUTH DEVELOPMENT ORGANIZATIONS TO OFFER PROGRAMS IN MEXICO, GERMANY, BELGIUM, ISRAEL, INDIA, CHINA, IRELAND, AND SINGAPORE. NFTE ALSO OFFERED ONLINE ENTREPRENEURSHIP AWARENESS EXPERIENCES TO MORE THAN 29,000 YOUNG PEOPLE. STUDENTS IN NFTE PROGRAMS LEARN HOW TO DEVELOP A BUSINESS PLAN AND HOW TO MARKET THEIR BUSINESS CONCEPT. MANY NFTE STUDENTS GO ON TO COMPETE IN REGIONAL AND NATIONAL BUSINESS PLAN COMPETITIONS. STUDENTS FROM OVER 200 U.S. SCHOOLS PARTICIPATED IN NFTES NATIONAL YOUTH ENTREPRENEURSHIP CHALLENGE EVENTS DURING THE 2017-2018 SCHOOL YEAR, COMPETING FOR A TOTAL OF $150,000 IN PRIZES. PRIZES AWARDED IN THE REGIONAL AND NATIONAL ROUNDS OF THE NFTE YOUTH ENTREPRENEURSHIP CHALLENGE ARE AWARDED SPECIFICALLY TO HELP STUDENT 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 NATIONAL CONFERENCE. IN ADDITION, NFTE DEVELOPS ASSESSMENT TOOLS AND CONDUCTS RESEARCH TO IMPROVE THE EFFECTIVENESS OF CURRICULUM. DURING THE 2017-2018 SCHOOL YEAR NFTE COMPLETED THE DEPLOYMENT OF THE ENTRENEURIAL MINDSET INDEX (EMI), A NEW 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 (ETS), IS A RESOURCE FOR TEACHERS AND STUDENTS IN NFTE PROGRAMS AND IS EMBEDDED IN THE NFTE CURRICULUM. NFTE ALSO COMPLETED DEPLOYMENT OF THE 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. NFTE 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. 11705708 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 X 417 0 true 98 true true true false false false false true true false false false false X 20 19 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 LARISA MUELLER 2122323333 120 WALL STREET 18TH FLOOR NEW YORK NY 10005 X Shawn Osborne President and CEO 50.0 1.0 X X 488255 0 50185 Peter Boni CHAIR 2.0 1.0 X X 0 0 0 Timothy Murphy Co-Vice Chair 2.0 0.0 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 2.0 0.0 X 0 0 0 Troy Carter Director 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 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 as of 917 director 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 2.0 0.0 X 0 0 0 Howard Brover VP FINANCE/SECRETARY & TREAS. 50.0 1.0 X 179468 0 42558 Daniel Delany SR VP OF STRATEGY & MARKETING 50.0 0.0 X 242737 0 31675 James Johnston Sr VP ENGAGEMENT & IMPLEMENTAT 50.0 0.0 X 199376 0 19035 THEODORE THOMPSON VP engagement & implementation 50.0 0.0 X 158003 0 42084 Ann Marie Almeida THRU 817 Sr VP Development 50.0 0.0 X 154072 0 12676 Thomas Gold VP Research & Evaluation 50.0 0.0 X 154017 0 39910 1575928 0 238123 20 false true false 25 BROADWAY BALLROOM LLC 110 E 42nd Street - 5th Floor NEW YORK NY 10017 EVENT PLANNING 145438 BDO USA LLP 100 Park Avenue NEW YORK NY 10017 AUDIT & TAX 116800 Atlas Learning Inc 174 Nassau Street PRINCETON NJ 08542 CONSULTING 137500 Frank Collective 20 Jay Street Suite 638 BROOKLYN NY 11201 BRAND/WEBSITE DEVEL. 316906 4 X 39762 490000 7741263 63754 8271025 CONTRACT SERVICES 900099 938799 938799 TRAINING FEES 900099 308588 308588 LICENSE FEES 900099 32500 32500 1279887 11238 11238 0 229827 229827 0 0 0 59832 60135 -303 -303 -303 29449 39762 29449 0 0 0 172714 65708 107006 107006 ADMIN. FEES FROM EVERFI PARTNERSHIP 900099 42500 42500 MISCELLANEOUS INCOME 900099 30151 30151 72651 9971331 1386893 0 313413 275000 275000 45643 45643 119000 119000 0 784278 258100 290324 235854 160915 150000 10915 6110262 4628218 657548 824496 106527 83570 6037 16920 758671 617078 63210 78383 545102 348005 119634 77463 0 35325 1058 34267 100327 10000 90327 0 0 0 1283319 1131475 71444 80400 125667 123742 1925 355236 248396 82193 24647 206319 96223 108787 1309 0 840147 577714 205212 57221 709157 575802 26643 106712 0 395327 368499 16687 10141 0 0 55964 55964 138187 98456 18571 21160 STUDENTS EXPENSES 1203562 1203562 TEACHERS EXPENSES 631928 631928 DUES AND SUBSCRIPTIONS 97913 86041 7558 4314 BAD DEBT EXPENSE 60973 60973 44740 28198 10647 5895 15189489 11705708 1936941 1546840 121643 79801 11471316 5250244 5647702 6089472 210087 348195 0 0 0 0 0 0 45121 46966 244650 454615 2815314 2640021 231257 175293 8481 9703 0 0 0 0 0 0 51819 48240 18032076 12502529 1382002 1086586 0 0 39150 40750 0 0 0 0 0 0 0 0 0 0 391526 372723 1812678 1500059 X -4150968 -4106471 20370366 15108941 0 0 16219398 11002470 18032076 12502529 -5218158 1230 X false true X true false X 13287506 14226388 19931505 17735481 8271025 73451905 0 0 13287506 14226388 19931505 17735481 8271025 73451905 31862966 41588939 127679 124298 143146 115119 241065 751307 0 44004 60117 82871 25200 72651 284843 74488055 4287639 0.55833 0.60203 X 275392 159194 116198 791844 791844 1748078 1688983 59095 175293 0 DEFERRED RENT 372723 372723 X 14200481 1230 4162212 65708 4229150 9971331 9971331 19417409 4162212 65708 4227920 15189489 15189489 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. 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 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. Part XI AND PART XII, LINE 2D: COST OF GOODS SOLD .....$65,708 true Europe (Including Iceland and Greenland) Program Services Business Development 106604 South Asia Program Services Business Development 115346 East Asia and the Pacific Grantmaking 58500 North America Grantmaking 40000 South Asia Grantmaking 20500 340950 340950 North America PROGRAM SUPPORT 40000 South Asia PROGRAM SUPPORT 20500 East Asia and the Pacific PROGRAM SUPPORT 50000 3 0 World Series of Innovation day PRIZES East Asia and the Pacific 3 6000 WIRE false 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 57599 29616 27983 3532 24451 la-made in la 11612 10146 1466 1000 466 0 69211 39762 29449 1000 3532 24917 29449 true EverFi Inc 3299 K St NW 4th Fl Washington DC 20007 261818856 N/A 275000 SUPPORT NFTE VENTURE 0 1 Venture Capital/scholarship/prize 7 45643 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 337223 0 150000 0 1032 0 8100 0 42085 0 538440 0 0 0 Howard Brover VP FINANCE/SECRETARY & TREAS. 163436 0 15000 0 1032 0 5246 0 37312 0 222026 0 0 0 Daniel Delany SR VP OF STRATEGY & MARKETING 222377 0 20000 0 360 0 6865 0 24810 0 274412 0 0 0 James Johnston Sr VP ENGAGEMENT & IMPLEMENTAT 177792 0 20000 0 1584 0 6053 0 12982 0 218411 0 0 0 THEODORE THOMPSON VP engagement & implementation 147763 0 10000 0 240 0 5050 0 37034 0 200087 0 0 0 Ann Marie Almeida THRU 817 Sr VP Development 125854 0 0 0 28218 0 4012 0 8664 0 166748 0 0 0 Thomas Gold VP Research & Evaluation 135965 0 17500 0 552 0 4849 0 35061 0 193927 0 0 0 PART I, LINE 4A: ANN MARIE ALMEIDA,, SENIOR VP OF DEVELOPMENT THRU 8/25/17, RECEIVED A SEVERANCE PAYMENT OF $22,581, WHICH IS INCLUDED ON PART II, COLUMN B(III). PART I, LINE 7: THE NFTE INCENTIVE COMPENSATION PROGRAM IS A PERFORMANCE-BASED PROGRAM FOR ELIGIBLE EMPLOYEES IN MANAGER POSITIONS ABOVE. IT IS BASED ON ORGANIZATIONAL GOALS AND ON ACHIEVING INDIVIDUAL OBJECTIVES WITHIN A GIVEN FISCAL YEAR (JULY 1 THROUGH JUNE 30). EXECUTIVE MANAGEMENT TEAM'S BONUSES ARE BASED ON THE LEVEL OF ACHIEVEMENT OF INDIVIDUAL EMPLOYEE OBJECTIVES AS DETERMINED AND APPROVED BY THE CEO. IN 2017, SHAWN OSBORNE (PRESIDENT AND CCEO) RECEIVED A BONUS OF $150,000, AS REPORTED ON PART II, COLUMN B(II). IN 2017, HOWARD BROVER (VP OF FINANCE AND INFORMATION/SECRETARY AND TREASURER), DANIEL DELANY (SENIOR VP OF STRATEGY AND MARKETING), JAMES JOHNSTON (SENIOR VP OF ENGAGEMENT AND IMPLEMENTATION), THEODORE THOMPSON (VP OF ENGAGEMENT AND IMPLEMENTATION), AND THOMAS GOLD (VP OF RESEARCH AND EVALUATION), RECEIVED BONUSES OF $15,000, $20,000, $20,000, $10,000, AND $17,500 RESPECTIVELY, AS REPORTED ON PART II, COLUMN B(II). 0 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 120 cost X 4 60134 MARKET QUOTATION X LAPTOPS 1 3500 COST 0 false true false PART I, COLUMN (B): THE FILING ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART I, LINE 7B AND PART V, LINE 3A: FORM 990-T WAS FILED EXCLUSIVELY FOR QUALIFIED TRANSPORTATION AND PARKING FRINGE BENEFITS, AND ANY ON-PREMISES ATHLETIC FACILITIES UNDER SECTION 512(A)(7) FOR THE PERIOD BEGINNING JANUARY 1, 2018 THRU JUNE 30, 2018. FORM 990, PART VI, SECTION A, LINE 11B: THE INITIAL DRAFT RETURN IS REVIEWED BY THE VP of FINANCE, 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 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 AND 15B: 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 true true true true false false false false NFTE ENDOWMENT FUND INC C 490000 COST