2018-11-13T06:48:43-06:00 2017-12-31 GRANT THORNTON LLP 757 THIRD AVENUE 4TH FLOOR NEW YORK NY 100172013 990 2017-01-01 133931449 The Endeavor Initiative Inc % LAWRENCE H BROOKS ENDE 2123523200 900 Broadway Suite 301 New York NY 10003 LINDA ROTTENBERG CEO & CO-FOUNDER 2123523200 2018-11-12 true Scott Thompsett P00741490 2125990100 2018-11-12 209.220.136.124 26377520183165000015 2018-11-12 P 9A86A71254A6F03C09D5264473C2DC06B73CB189 F49A67012B2BD0B747B3FC8EDB4C5F33AD03E3F0 2017 2019-02-21 02:37:17Z Endeavor Global Inc Linda Rottenberg 900 Broadway Suite 301 New York NY 10003 8608224 false X WWW.ENDEAVOR.ORG. X 1997 DE ENDEAVOR IS LEADING THE HIGH-IMPACT ENTREPRENEURSHIP MOVEMENT AROUND THE WORLD. 16 15 62 200 0 0 10470033 7497132 424642 847639 21759 19790 -157102 -378992 10759332 7985569 443366 0 0 0 5982567 6650433 0 0 1092379 3227237 4022022 9653170 10672455 1106162 -2686886 13849001 10699282 1629607 1166637 12219394 9532645 X Endeavor Global, Inc. (Endeavor), a not-for-profit organization is leading the high-impact entrepreneurship movement around the world. With the support of an unrivaled network of seasoned business leaders, Endeavor works to catalyze long-term economic growth by selecting, mentoring, and accelerating the best high-impact entrepreneurs worldwide. Endeavor supports high-impact entrepreneurs so that they can build thriving companies that employ thousands of people, generate billions in wages, and inspire countless others as role models. Together, these entrepreneurs hold the key to sustained economic growth in every part of the world. Through a rigorous, multi-step selection process, Endeavor annually screens thousands of entrepreneurs from around the world to identify those with the best talent and potential for impact. ENDEAVOR GLOBAL IS THE HEADQUARTERS OF A $35M ORGANIZATION WITH AFFILIATES IN ARGENTINA, ATLANTA, BRAZIL, BULGARIA, CHILE, COLOMBIA, DETROIT, ECUADOR, EGYPT, GREECE, INDON false false 4830957 ENTREPRENEUR SELECTION AND GROWTH (ESG): WORKING WITH A NETWORK OF LOCAL BUSINESS LEADERS, ENDEAVOR IDENTIFIES AND SCREENS THOUSANDS OF ENTREPRENEUR CANDIDATES RUNNING HIGH-GROWTH BUSINESSES. SEVERAL TIMES EACH YEAR, AN INTERNATIONAL SELECTION PANEL OF EXPERIENCED BUSINESS PEOPLE GATHERS TO ELECT A NEW CLASS OF ENDEAVOR ENTREPRENEURS - THOSE INDIVIDUALS WHO DEMONSTRATE FULFILLMENT OF A SPECIFIC SET OF VALUES AND CONDITIONS THAT MATCH THE ORGANIZATIONS EXPECTATIONS AND GOALS. ONCE SELECTED, ENDEAVOR PROVIDES HIGH-IMPACT ENTREPRENEURS CUSTOMIZED SERVICES TO MEET THEIR SPECIFIC CHALLENGES. ENDEAVORS SERVICES INCLUDE CONNECTING ENDEAVOR ENTREPRENEURS WITH LOCAL AND GLOBAL MENTORS, MANAGERIAL TALENT FROM BLUE-CHIP COMPANIES AND TOP BUSINESS SCHOOLS, ACCESS TO DIFFICULT-TO-PENETRATE NETWORKS AND SEVERAL NEW TARGETED SERVICES FOR COMPANIES SEEKING VENTURE CAPITAL/PRIVATE EQUITY AND/OR COMPANIES IN LATER GROWTH STAGES. AT THE SAME TIME, ENDEAVOR HAS BUILT A PEER NETWORK OF ENTREPRENEURS WHO PROVIDE A STRONG, SUPPORTIVE COMMUNITY TO FACE ANY CHALLENGE. UPON THE ISSUE OF THIS RETURN, ENDEAVOR SUPPORTED 1,300+ ENTREPRENEURS FROM 1,000+ COMPANIES FROM 25+ COUNTRIES. 1276923 Launched in 2009, Endeavor Insight is Endeavor's research team. Endeavor Insight seeks to deepen understanding of how high-impact entrepreneurs and scale-ups contribute to job creation and long-term economic growth in order to educate key constituencies, such as policy makers. In addition, Endeavor Insight seeks to serve as a knowledge center for high-impact entrepreneurs, venture capitalists and others in order to provide useful information and tools that assist entrepreneurs as they grow their businesses. 1176368 NEW COUNTRY EXPANSION: ENDEAVOR BELIEVES THAT BUILDING STRONG LOCAL OFFICES IS THE BEST WAY TO ENSURE SCALABLE AND LONG-TERM SUCCESS. THIS MODEL PLACES CO-OWNERSHIP OF THE ENDEAVOR BRAND AND LEAD RESPONSIBILITY FOR PROGRAM EXECUTION ON THE LOCAL OR AFFILIATE OFFICE. MOREOVER, A LOCAL PRESENCE ENABLES THE ORGANIZATION TO RAISE FUNDS FROM LOCAL COUNTRY BENEFACTORS AND LOCAL SOURCES TO SUSTAIN LOCAL OPERATIONS. UNTIL THE POINT AT WHICH AN AFFILIATE OFFICE IS LEGALIZED AS A SEPARATE, INDEPENDENT ENTITY AND HAS ESTABLISHED A BOARD OF DIRECTORS, ENDEAVOR GLOBAL INCURS ALL START-UP AND DEVELOPMENT COSTS. IN 2017, ENDEAVOR launched NEW operations in Kenya and Tunisia. PART III, LINE 4D, OTHER PROGRAM SERVICES PARTNERSHIPS AND NETWORKS: THE PARTNERSHIPS AND NETWORKS TEAM IS FOCUSED ON BUILDING A WORLD-CLASS COMMUNITY OF CHIEF EXECUTIVE OFFICERS, BUSINESS LEADERS, INVESTORS, AND ACADEMIA TO MENTOR AND SUPPORT CATALYST'S PORTFOLIO OF HIGH-IMPACT ENTREPRENEURS. CURRENT ACTIVITIES INCLUDE: ENGAGING A U.S.-BASED MENTOR NETWORK OF 575 INDIVIDUALS; LEADING THE CATALYST INVESTOR NETWORK OF 25+ LEADING VENTURE CAPITAL FIRMS; AND BUILDING OUT A CORPORATE NETWORK OF TOP GLOBAL COMPANIES THAT ARE INTERESTED IN EMERGING AND GROWTH MARKETS. ORGANIZATIONAL DEVELOPMENT: ENDEAVOR BELIEVES THAT BUILDING STRONG LOCAL OFFICES IS THE BEST WAY TO ENSURE SCALABLE AND LONG-TERM SUCCESS. THIS MODEL PLACES CO-OWNERSHIP OF THE ENDEAVOR BRAND AND LEAD RESPONSIBILITY FOR PROGRAM EXECUTION ON THE LOCAL OR AFFILIATE OFFICE. MOREOVER, A LOCAL PRESENCE ENABLES THE ORGANIZATION TO RAISE FUNDS FROM LOCAL COUNTRY BENEFACTORS AND LOCAL SOURCES TO SUSTAIN LOCAL OPERATIONS. UNTIL THE POINT AT WHICH AN AFFILIATE OFFICE IS LEGALIZED AS A SEPARATE, INDEPENDENT ENTITY AND HAS ESTABLISHED A BOARD OF DIRECTORS, ENDEAVOR INCURS ALL START-UP AND DEVELOPMENT COSTS. IN 2017, ENDEAVOR LAUNCHED NEW OPERATIONS IN KENYA AND TUNISIA. PHILANTHROPIC NETWORKS: ENDEAVOR PROVIDES OPPORTUNITIES FOR BOTH STAFF MEMBERS AND KEY ENDEAVOR ENTREPRENEURS TO DISCUSS WITH WORLD-CLASS PHILANTHROPISTS AND SOCIALLY RESPONSIBLE CORPORATE LEADERS WAYS TO GIVE BACK TO THE COMMUNITY ON A PERSONAL AND PROFESSIONAL LEVEL. ENDEAVOR ENCOURAGES ALL OF ITS DONORS NOT JUST TO CONTRIBUTE FINANCIALLY, BUT ALSO TO DONATE THEIR TIME TO MENTORING ENTREPRENEURS AND TO PUSHING FORWARD THE CAUSE OF ECONOMIC DEVELOPMENT IN EMERGING MARKETS. EACH NOVEMBER, ENDEAVOR HOSTS A GALA EVENT TO HIGHLIGHT THE SOCIAL AND PHILANTHROPIC CONTRIBUTIONS OF ITS ENTREPRENEURS AND NETWORK MEMBERS. ENDEAVOR ENTREPRENEURS ARE ALSO SPEARHEADING THE LAUNCH OF AFFILIATE-OFFICE ENDOWMENTS AND/OR LOCAL-COUNTRY ENTREPRENEUR GIVE-BACK PROGRAMS TO HELP BUILD SELF-SUSTAINING ENDEAVOR OPERATIONS FOR FUTURE GENERATIONS OF ENTREPRENEURS. ENDEAVOR NET: ENDEAVOR NET THROUGH ITS PROPRIETARY INTRANET AND, WHERE APPROPRIATE, THROUGH ITS WEBSITE, HTP://WWW.ENDEAVOR.ORG. ENDEAVOR IS IN THE PROCESSOF DEVELOPING A SOCIAL NETWORKING SITE THAT WILL CONNECT ENTREPRENEURS, BOARD MEMBERS, STAFF, VOLUNTEERS AND NETWORK MEMBERS AROUND THE WORLD. EMBA: ENDEAVOR RECRUITS MBA STUDENTS FROM TOP U.S. AND INTERNATIONAL BUSINESS SCHOOLS TO SPEND 10-12 WEEKS ON-SITE WITH ENDEAVOR ENTREPRENEURS. EMBAS ADDRESS CRITICAL ISSUES AND PRODUCE CONCRETE DELIVERABLES, INCLUDING HONED BUSINESS PLANS, STRATEGIC ANALYSES OF GROWTH OPTIONS, FUND-RAISING PLANS, ETC. ENDEAVOR'S EDUCATIONAL PROGRAMS ALSO INCLUDE PARTICIPATION OF ENDEAVOR ENTREPRENEURS IN GLOBAL E-LAB PROGRAMS. 748024 0 0 Partnerships and Networks 703645 0 0 ORGANIZATIONAL DEVELOPMENT 247969 0 0 Philanthropic Networks 198730 0 0 Endeavor Net 198730 0 0 eMBA 2097098 0 0 9381346 true true false false false false false false false true true false false false true true false true false true true false false false true false false false false true false false false false false false false false true false false false false true true true false false true 24 0 true 62 true false true SN false false false true true false false false false X 16 15 false false false false false false false true true false true true true true true true true true true true false CA NY X X X LAWRENCE H BROOKS 2123523200 900 BROADWAY SUITE 301 New York NY 10003 X EDGAR BRONFMAN JR DIRECTOR & CHAIRMAN 2.0 0.0 X X 0 0 0 Linda Rottenberg CEO & CO-FOUNDER 24.0 21.0 X X 1191682 0 51404 JASON GREEN DIRECTOR & TREASURER 2.0 0.0 X X 0 0 0 NICK BEIM DIRECTOR & SECRETARY 2.0 0.0 X X 0 0 0 PETER KELLNER DIRECTOR 2.0 0.0 X 0 0 0 NICOLAS SZEKASY DIRECTOR 2.0 0.0 X 0 0 0 WENCES CASARES DIRECTOR 2.0 0.0 X 0 0 0 JOANNA REES DIRECTOR 2.0 0.0 X 0 0 0 REID HOFFMAN DIRECTOR 2.0 0.0 X 0 0 0 WILLIAM MCGLASHAN DIRECTOR 2.0 0.0 X 0 0 0 VERONICA SERRA DIRECTOR 2.0 0.0 X 0 0 0 Paul Fribourg Director 2.0 0.0 X 0 0 0 FADI GHANDOUR Director 2.0 0.0 X 0 0 0 MICHAEL AHEARN Director 2.0 0.0 X 0 0 0 Matthew Brown Director 2.0 0.0 X 0 0 0 Eliott Weissbluth Director 2.0 0.0 X 0 0 0 Fernando Fabre President 44.0 1.0 X 550000 0 30097 Lawrence Brooks Senior VP, Finance 36.0 9.0 X 306957 0 40182 Walter Mayo Senior VP, Expansion 45.0 0.0 X 399000 0 42597 David Wachtel Senior VP, Marketing 45.0 0.0 X 383562 0 12500 Rhett Morris VP, INSIGHT 45.0 0.0 X 219662 0 18728 Allen Taylor Managing Director 4.5 40.5 X 372500 0 20978 Joanna Harries VP, Enterpre. Selection/Growth 45.0 0.0 X 178000 0 26966 Jackie Carmel Managing Director 11.25 33.75 X 197500 0 23489 Alana Chin Manager 45.0 0.0 X 120272 0 14238 Daniela Terminel Director 45.0 0.0 X 214200 0 19403 4133335 0 300582 17 true true false CloudRoute 75 Erieview Plaza Suite 100 CLEVELAND OH 44114 Web development 199800 Riverside Graphics 629 Grove Street 3rd Floor JERSEY CITY NJ 07310 Report Printing 118223 RSM US LLP 5155 Paysphere Circle CHICAGO IL 60674 Audit and Tax 104760 3 1733525 266558 5497049 162003 7497132 PROGRAM EVENTS 900099 847639 847639 847639 5659 5659 0 0 0 0 0 14131 14131 14131 14131 152500 1733525 622655 -470155 -470155 0 0 0 0 0 0 MISCELLANEOUS INCOME 900099 91163 91163 91163 7985569 847639 -359202 0 0 0 0 0 0 2611920 2384867 62410 164643 233603 213296 5582 14725 2934820 2679698 70125 184997 97984 89467 2341 6176 402471 367484 9617 25370 369635 337503 8832 23300 10457 9548 250 659 74221 68204 1654 4363 122644 111983 2930 7731 0 0 0 165208 161820 931 2457 146593 44791 174 101628 80639 28887 519 51233 299726 255030 2187 42509 0 555579 512223 11663 31693 1586011 1294879 3446 287686 0 328961 237723 2334 88904 82 75 2 5 0 246065 224674 5880 15511 22879 20890 547 1442 BANK AND INVESTMENT CHARGES 43272 40766 296 2210 BAD DEBTS 261915 239147 6258 16510 DUES, LICENSES & SUBSCRIPTIONS 41004 37209 483 3312 PROFESSIONAL DEVELOPMENT 12722 11822 900 24044 9360 269 14415 10672455 9381346 198730 1092379 879557 717999 5249565 4550455 6134358 4034678 0 0 0 0 0 0 0 0 0 0 55000 104387 1911149 1096084 855055 815065 0 0 5044 0 0 0 0 0 670422 476698 13849001 10699282 844725 897355 0 0 161562 0 0 0 0 0 0 0 0 0 0 0 623320 269282 1629607 1166637 X 6699394 5994101 5495000 3513544 25000 25000 12219394 9532645 13849001 10699282 X -2686886 145 -8 X X false true X true false X 9041921 9626461 8219291 10470033 7497132 44854838 0 0 9041921 9626461 8219291 10470033 7497132 44854838 5014436 39840402 18736 21222 22190 21759 5659 89566 0 317798 162290 159112 114890 243663 997753 45942157 3331403 0.86719 0.77550 X 25000 25000 25000 25000 25000 25000 25000 25000 25000 25000 1.00000 false false 1171682 735446 436236 223331 120831 102500 516136 239807 276329 815065 0 DEFERRED RENT 269282 269282 X 8608369 145 145 8608224 -622655 -622655 7985569 11295110 622655 622655 10672455 10672455 SCHEDULE D, PART V, LINE 4 INTENDED USE OF ENDOWMENT FUNDS PERMANENTLY RESTRICTED NET ASSETS REPRESENT CONTRIBUTIONS RECEIVED IN PRIOR YEARS FOR THE ESTABLISHMENT OF AN ENDOWMENT FOR ENDEAVORS GLOBAL INITIATIVE FUND. SCHEDULE D, PART X, LINE 2 ASC 740 FOOTNOTE Endeavor Global follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the combined financial statements if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. Endeavor Global is exempt from federal income tax under IRC section 501(c)(3), though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. Endeavor Global has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated business income; to determine its filing and tax obligations in jurisdictions for which it was nexus; and to identify and evaluate other matters that may be considered tax positions. Endeavor Global has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. In addition, Endeavor Global has not recorded a provision for income taxes as it has no material tax liability from unrelated business income activities. Reconciliation of Revenue to AFS: Schedule D, Part XI, Line 4b Fundraising expenses reclassed from Part IX: ($622,655) Reconciliation of Expenses to AFS: Schedule D, Part XII, Line 2d Fundraising expenses reclassed to Part VIII: $622,655 true Europe (Including Iceland and Greenland) 0 0 Program Services ESG 163464 Middle East and North Africa 0 0 Program Services ESG 102742 North America 0 0 Program Services ESG 6583 Central America and the Caribbean 0 0 Program Services ESG 834 South America 0 0 Program Services ESG 132295 Sub-Saharan Africa 0 0 Program Services ESG; Expansion 322556 East Asia and the Pacific 1 2 Program Services ESG; Expansion 159339 South Asia 0 0 Program Services ESG 43302 1 2 1 2 931115 931115 false false true false false true SCHEDULE F, PART I, LINE 2 PROCEDURE OF MONITORING THE USE OF GRANTS OUTSIDE US ENDEAVOR RECEIVES ANNUAL AUDIT REPORTS FROM EACH GRANTEE (ALL GRANTEES ARE CONNECTED TO ENDEAVOR GLOBAL THROUGH AFFILIATE AGREEMENTS, SIGNED LEGAL DOCUMENTS SIMILAR TO "FRANCHISE" AGREEMENTS). ENDEAVOR TRACKS AFFILIATE FINANCIALS THROUGH QUARTERLY REVIEWS AND PERFORMANCE/IMPACT MEASUREMENT THROUGH AN ON-LINE CRM TOOL (SALESFORCE.COM). INDIVIDUAL GRANT FUNDS ARE DISTRIBUTED TO RECIPIENTS PER MILESTONES SET BY THEIR MANAGERS. EACH GRANT RECIPIENT PARTICIPATES IN A MID-YEAR REVIEW AND WORKS CLOSELY WITH MID & SENIOR-LEVEL MANAGERS TO TRACK PERFORMANCE. Gala 1886025 1733525 152500 251211 159757 3110 208577 0 1886025 1733525 152500 251211 159757 3110 208577 622655 -470155 X X X X X false false false false false false false true false Fernando Fabre President 450000 0 100000 0 0 0 0 0 30097 0 580097 0 0 0 Linda Rottenberg CEO & CO-FOUNDER 649423 0 521029 0 21230 0 12500 0 38904 0 1243086 0 0 0 Lawrence Brooks Senior VP, Finance 220000 0 86957 0 0 0 11000 0 29182 0 347139 0 0 0 Walter Mayo Senior VP, Expansion 285000 0 114000 0 0 0 12500 0 30097 0 441597 0 0 0 David Wachtel Senior VP, Marketing 275000 0 108562 0 0 0 12500 0 0 0 396062 0 0 0 Rhett Morris VP, INSIGHT 165000 0 54662 0 0 0 8250 0 10478 0 238390 0 0 0 Allen Taylor Managing Director 210000 0 162500 0 0 0 10500 0 10478 0 393478 0 0 0 Joanna Harries VP, Enterpre. Selection/Growth 178000 0 0 0 0 0 8925 0 18041 0 204966 0 0 0 Jackie Carmel Managing Director 125000 0 72500 0 0 0 6250 0 17239 0 220989 0 0 0 Daniela Terminel Director 178500 0 35700 0 0 0 8925 0 10478 0 233603 0 0 0 Form 990, Schedule J Compensation VARIOUS INDIVIDUALS REPORTED IN THE ENDEAVOR CATALYST, INC. (AN AFFILIATED ORGANIZATION) FORM 990 ARE PAID BY, ENDEAVOR GLOBAL, INC. ON PART VII AND SCHEDULE J, ALL COMPENSATION IS BEING REPORTED AS HAVING BEEN PAID BY ENDEAVOR GLOBAL, INC. HOWEVER, A PORTION OF THE INDIVIDUALS' COMPENSATION IS REIMBURSED BY ENDEAVOR CATALYST, INC. BASED ON SERVICES RENDERED TO THAT ORGANIZATION. In the interest of clarity, Endeavor Global, Inc. is disclosing the following salary and benefits amounts as having been reimbursed to Endeavor Global, Inc. by Endeavor Catalyst, Inc. SALARY BENEFITS FERNANDO FABRE $1,538 $84 LINDA ROTTENBERG $29,888 $1,741 LAWRENCE BROOKS $7,048 $923 ALLEN TAYLOR $5,680 $320 SCHEDULE J, PART I, LINE 7 NON-FIXED PAYMENTS THE FOLLOWING EMPLOYEES, LISTED ON PART VII, RECEIVED NON-FIXED PAYMENTS, IN THE FORM OF BONUSES, DURING THE YEAR ENDED DECEMBER 31, 2017. BONUSES FOR THE EXECUTIVE STAFF ARE DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS. THE EXECUTIVE STAFF RECOMMENDS BONUS AMOUNTS OF ALL OTHER EMPLOYEES, WHICH ARE THEN APPROVED BY THE COMPENSATION COMMITTEE. FERNADO FABRE $100,000 LINDA ROTTENBERG $521,029 LAWRENCE BROOKS $86,957 WALTER MAYO $114,000 David Wachtel $108,562 RHETT MORRIS $54,662 ALLEN TAYLOR $162,500 JACLYN CARMEL $72,500 DANIELA TERMINEL $35,700 X 4 162003 FMV false false false SCHEDULE M, PART I, COLUMN B NUMBER OF CONTRIBUTIONS The amount reported in Schedule M, Part I, column (b) represents the number of donors who contributed publicly traded securities to Endeavor Initiative, Inc. during the year. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM 990 IS PREPARED BY AN INTERNATIONAL ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. THE 990 DRAFT FILING IS REVIEWED BY THE SENIOR VICE PRESIDENT, FINANCE FOR ACCURACY. UPON THE COMPLETION OF HIS REVIEW, THE CEO AND FINANCE COMMITTEE REVIEW THE form 990. ALL REQUESTED COMMENTS/CHANGES ARE THEN ADDED TO THE 990 DRAFT WHICH IS THEN SUBMITTED FOR FINAL REVIEW TO THE TAX PREPARERS. A COPY OF THE FINAL 990 IS DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS. THE BOARD MEMBERS ARE GIVEN SEVERAL DAYS TO REVIEW AND TO SUBMIT COMMENTS/QUESTIONS BEFORE THE 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT ANNUALLY, ENDEAVOR REQUIRES THAT ALL BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES RECEIVE, READ/UNDERSTAND AND SIGN A CONFLICT OF INTEREST POLICY STATEMENT IN WHICH ANY/ALL POTENTIAL CONFLICTS ARE NOTED. FURTHER, ALL INDIVIDUALS AFFIRM THAT HE/SHE UNDERSTANDS ENDEAVORS CHARITABLE PURPOSE AND THAT DISCLOSURE IS AN IMPERATIVE CONDITION UNDER WHICH ONE MAY SERVE ON THE BOARD OF DIRECTORS OR AS AN OFFICER OR KEY EMPLOYEE. THE SIGNED CONFLICT OF INTEREST STATEMENTS ARE REVIEWED BY THE SENIOR VP, FINANCE AND DISCUSSED WITH THE CEO. ANY CONFLICTS OR POTENTIAL CONFLICTS ARE BROUGHT TO THE ATTENTION OF THE BOARD OF DIRECTORS AND DEALT WITH APPROPRIATELY. IF A CONFLICT ARISES, THE INDIVIDUAL AFFECTED WILL RECUSE HIMSELF/HERSELF FROM PARTICIPATING IN THE DELIBERATION AND DECISION MAKING RELATED TO THE TRANSACTION. ENDEAVOR ALSO ENGAGES IN PERIODIC REVIEWS TO ENSURE THAT COMPENSATION/BENEFITS ARE REASONABLE AND THAT PARTNERSHIPS, JOINT-VENTURES, CONTRACTS AND OTHER ARRANGEMENTS WITH THIRD-PARTY ORGANIZATIONS, FIRMS OR ENTITIES CONFORM TO ENDEAVOR'S WRITTEN POLICIES, INCLUDING THE CONFLICT OF INTEREST POLICY. ENDEAVOR USES OUTSIDE, THIRD-PARTY ADVISORS, EXPERTS AND OTHER PROFESSIONALS. THESE THIRD-PARTIES INCLUDE BUT ARE NOT LIMITED TO, HR CONSULTANTS, EXECUTIVE RECRUITING FIRMS, LAW FIRMS, ETC. FORM 990, PART VI, SECTION B, LINE 15A & 15B PROCESS FOR DETERMINING COMPENSATION SALARIES ARE DECIDED UPON BY THE COMPENSATION COMMITTEE, MARKET DATA AND AN INDEPENDENT, THIRD-PARTY HR FIRM, WHICH PROVIDES COMPREHENSIVE MARKET DATA AND COMPENSATION ANALYSIS. THE COMPENSATION STUDY COVERS ALL EXECUTIVE TEAM SALARIES. THE LAST STUDY WAS CONDUCTED IN 2016. IN THE INTERIM YEARS, SALARY INCREASES ARE DISCUSSED WITH THE HR FIRM TO ENSURE THAT THEY ARE REASONABLE AND IN LINE WITH CURRENT COMPENSATION RANGES. THE FINANCE COMMITTEE AND ULTIMATELY THE ENTIRE BOARD OF DIRECTORS, RATIFIES THE ANNUAL BUDGET, WHICH INCLUDES DEPARTMENT AND AGGREGATE PERSONNEL LINES. FROM 990, PART VI, SECTION C, LINE 19 HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC ENDEAVOR'S FINANCIAL STATEMENTS AND FORM 1023 DOCUMENTS ARE ALL AVAILABLE VIA THE "GET INVOLVED" TAB OF WWW.ENDEAVOR.ORG. (ONE CLICK FROM THE MAIN PAGE). FURTHER, AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE IN SUMMARY FORM IN ENDEAVOR'S ANNUAL REPORT. THESE DOCUMENTS ARE ALSO POSTED ON PUBLIC WEBSITES (E.G., GUIDESTAR). UPON REQUEST, ENDEAVOR WILL MAKE COPIES OF ALL THESE, THE FORM 990, GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY AVAILABLE TO THE GENERAL PUBLIC FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART VII The organization, in the interests of full transparency, is reporting all benefits in full in part vii, column f and not applying the $10,000 per item exception for certain benefits. FORM 990, PART XII, LINE 1 Basis of Accounting As of January 1, 2017, management adopted a policy of preparing its combined financial statements on the basis of accounting that it uses to file its federal income tax return. Prior to 2017, the Organization's financial statements were prepared in accordance with accounting principles generally accepted in the United States of America. Management believes that this change results in less costly, more understandable, and relevant financial reporting, given the needs of the users of the financial statements. ENDEAVOR CATALYST INC 900 Broadway Suite 301 New York NY 10003 453590743 SEE PART VII DE 501(C)(3) 12A-I GLOBAL INC true ENDEAVOR GLOBAL LIMITED 133 CECIL STREET 11-03 Singapore SN 069535 SEE PART VII SN 501(C)(3) N/A GLOBAL INC true ENDEAVOR CATALYST I LP 900 Broadway Suite 301 New York NY 10003 463223819 SEE PART VII DE CATALYST GP LLC EXCLUDED 0 0 false false ENDEAVOR CATALYST IDB SIDE CAR LP 900 Broadway Suite 301 New York NY 10003 474762695 SEE PART VII DE CATALYST GP LLC EXCLUDED 0 0 false false ENDEAVOR CATALYST II LP 900 Broadway Suite 301 New York NY 10003 814429273 SEE PART VII DE CATALYST GP II EXCLUDED 0 0 false false ENDEAVOR CATALYST II-A LP 900 Broadway Suite 301 New York NY 10003 814770835 SEE PART VII DE CATALYST GP II EXCLUDED 0 0 false false false true true false false false false false false false false false false true true false true false false ENDEAVOR CATALYST INC C 266558 Actual Amount ENDEAVOR CATALYST INC Q 817402 Actual Amount ENDEAVOR CATALYST INC N, O 64926 FMV Allocation ENDEAVOR GLOBAL LIMITED B 3530 Actual Amount ENDEAVOR CATALYST I LP N, O 177804 FMV Allocation ENDEAVOR CATALYST I LP Q 248348 Actual Amount ENDEAVOR CATALYST IDB SIDE CAR LP N, O 43872 FMV Allocation ENDEAVOR CATALYST IDB SIDE CAR LP Q 28270 Actual Amount ENDEAVOR CATALYST II LP N, O 862325 FMV Allocation ENDEAVOR CATALYST II LP Q 707617 Actual Amount ENDEAVOR CATALYST II-A LP N, O 23203 FMV Allocation ENDEAVOR CATALYST II-A LP Q 16981 Actual Amount Schedule R, PART II, (1)(B) ENDEAVOR CATALYST, INC. IS A SUPPORTING ORGANIZATION OF ENDEAVOR GLOBAL, INC. Schedule R, PART II, (2)(B) ENDEAVOR GLOBAL LIMITED IS A BRANCH OF ENDEAVOR GLOBAL HQ. Schedule R, PART III, (B) ENDEAVOR CATALYST I, LP, ENDEAVOR CATALYST IDB SIDE CAR, LP, ENDEAVOR CATALYST II, LP AND ENDEAVOR CATALYST II-A, LP CO-INVEST IN ENDEAVOR ENTREPRENEURS.