2018-04-15T17:08:24-05:00 2017-06-30 BDO USA LLP 100 PARK AVENUE NEW YORK NY 100175001 990 2016-07-01 133408731 NETWORK FOR TEACHING ENTREPRENEURSHIP % HOWARD BROVER NETW 2122323333 120 WALL STREET 18TH FLOOR NEW YORK NY 10005 HOWARD BROVER vp finance & info 2018-04-13 true Paul Hammerschmidt P01384178 2128858000 24.47.243.160 26308920181055000038 2018-04-15 P EE057800E4A178E9AC3AFE9F4334FD4004F4CA47 6992189CF03A7AD37993FF8911E1E4AE45B8D245 2016 2021-01-29 14:40:06Z nfte SHAWN OSBORNE 120 WALL STREET 18TH FLOOR NEW YORK NY 10005 18931159 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 19 18 104 2975 0 19931505 17735481 599197 808958 2693 10785 269308 218963 20802703 18774187 326385 390530 0 0 7297500 7958822 0 0 1458484 6074371 6452217 13698256 14801569 7104447 3972618 14367907 18032076 2122356 1812678 12245551 16219398 X NETWORK FOR TEACHING ENTREPRENEURSHIP ("NFTE") IS THE LEADING NONPROFIT ACTIVATING THE ENTREPRENEURIAL MINDSET IN YOUNG PEOPLE. 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 AS WELL AS THE ACADEMIC AND STARTUP BUSINESS SKILLS NFTE PROGRAMS TEACH, NFTE STUDENTS 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 FOCUSES ITS WORK ON UNDER-RESOURCED COMMUNITIES. false false 10990445 390530 808958 Network for Teaching Entrepreneurship ("NFTE") SERVED APPROXIMATELY 35,000 MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS IN MORE THAN 1,000 SCHOOLS IN UNDER-RESOURCED COMMUNITIES ACROSS THE U.S. DURING THE 2016-2017 SCHOOL YEAR. NFTE SERVED AN ADDITIONAL 40,0000 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. OVERALL, NFTE WAS ACTIVE ACROSS 19 DIFFERENT GEOGRAPHIC REGIONS/METRO AREAS IN 9 COUNTRIES. STUDENTS IN NFTE PROGRAMS LEARN HOW TO DEVELOP A BUSINESS PLAN AND HOW TO MARKET THEIR BUSINESS CONCEPT. MANY STUDENTS THEN GO ON TO COMPETE IN REGIONAL AND NATIONAL BUSINESS PLAN COMPETITIONS. MORE THAN 14,000 NFTE STUDENTS FROM OVER 200 U.S. SCHOOLS PARTICIPATED IN NFTES NATIONAL YOUTH ENTREPRENEURSHIP CHALLENGE EVENTS DURING THE 2016-2017 SCHOOL YEAR, COMPETING FOR A TOTAL OF $160,000 IN PRIZES AWARDED SPECIFICALLY TO INVEST IN THEIR BUSINESS OR FURTHER EDUCATION. NFTE DESIGNS, DEVELOPS AND PUBLISHES CURRICULUM; TRAINS PUBLIC/ 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, AND PEER-TO-PEER COACHING EVENTS. IN ADDITION, NFTE DEVELOPS ASSESSMENT TOOLS AND CONDUCTS RESEARCH TO IMPROVE THE EFFECTIVENESS OF CURRICULUM. DURING THE 2016-2017 SCHOOL YEAR NFTE CONDUCTED A PILOT FOR THE ENTREPRENEURIAL 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 PILOTED 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 ($3 MILLION PLUS) MUST BE FACTORED INTO ANY ASSESSMENT OF THE ORGANIZATION TO HAVE A TRUE COMPARISON WITH OTHER ORGANIZATIONS. 10990445 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 403 0 true 104 true false false false false false true true false false false false X 19 18 false false true false true 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 HOWARD BROVER 2122323333 120 WALL STREET 18TH FLOOR NEW YORK NY 10005 X Shawn Osborne President and CEO 50.0 1.0 X X 380832 0 77637 Peter Boni CHAIR 2.0 1.0 X X 0 0 0 Ron Garrow THRU 916 Vice Chair 2.0 0.0 X X 0 0 0 Tucker York Vice Chair 2.0 1.0 X X 0 0 0 Patricia Alper Director 2.0 0.0 X X 0 0 0 Matthew Audette Director 2.0 0.0 X 0 0 0 Troy Carter FROM 62016 Director 2.0 0.0 X 0 0 0 David Chubak FROM 916 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 FROM 1216 Director 2.0 0.0 X 0 0 0 Kellam Mattie FROM 617 Director 2.0 0.0 X 0 0 0 Timothy Murphy FROM 0916 Director 2.0 0.0 X 0 0 0 Andrew Oliver FROM 0916 Director 2.0 0.0 X 0 0 0 Kimberly Paige THRU 617 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 OF FINANCE and information 50.0 1.0 X 155850 0 40600 Daniel Delany SR. VP OF STRATEGY & MARKETING 50.0 0.0 X 215290 0 28399 Kimberly Smith Sr. VP of Program & Research 50.0 0.0 X 163925 0 31271 James Johnston Sr. VP Engagement & ImpLementa 50.0 0.0 X 173478 0 18478 Ann Marie Almeida Sr. VP Development 50.0 0.0 X 189000 0 18079 Thomas Gold VP of Research & Evaluation 50.0 0.0 X 138682 0 16588 Amy Rosen Thru 1214 President and CEO 0.0 0.0 X 157500 0 0 1574557 0 231052 17 true true false 25 BROADWAY BALLROOM LLC 110 E 42nd Street - 5th Floor NEW YORK NY 10017 SHOWCASE EveNT 117009 BDO USA LLP 100 Park Avenue NEW YORK NY 10017 AUDIT & TAX 116000 Frank Collective 20 Jay Street Suite 638 BROOKLYN NY 11201 BRANDING&WEBSITE DEV 116250 Koya Leadership Partners 44 Merrimac Street NEWBURYPORT MA 01950 RECRUITING 137840 RAND Corporation 1776 Main Street SANTA MONICA CA 90407 PROJECT EVALUATION 105000 5 X 50287 433000 17252194 37640 17735481 CONTRACT SERVICES 900099 552299 552299 TRAINING FEES 900099 198659 198659 LICENSE FEES 900099 58000 58000 808958 11617 11617 0 103502 103502 0 0 0 33279 34111 -832 -832 -832 65326 50287 65326 0 0 0 147796 57535 90261 90261 MISCELLANEOUS 900099 25200 25200 25200 18774187 899219 139487 175000 175000 72780 72780 142750 142750 0 583094 182961 237283 162850 12964 12964 6060527 4433294 885735 741498 124361 81763 23489 19109 734588 572877 83302 78409 443288 288188 87795 67305 0 55395 5253 50142 105500 10000 95500 0 0 0 1461773 1156490 167536 137747 72323 62117 10000 206 407190 307591 77375 22224 181973 57988 88137 35848 0 920719 586713 263719 70287 634642 477791 66277 90574 0 273914 271621 525 1768 0 0 55964 0 55964 0 137794 34445 75790 27559 STUDENTS EXPENSES 1431576 1431576 TEACHERS EXPENSES 516669 516669 DUES AND SUBSCRIPTIONS 85264 79920 4469 875 BAD DEBT EXPENSE 16376 16376 95145 42658 50262 2225 14801569 10990445 2352640 1458484 60551 121643 9499767 11471316 4190123 5647702 35454 210087 0 0 0 0 0 0 60280 45121 140011 244650 2815314 2584057 287221 231257 7246 8481 0 0 0 0 0 0 87254 51819 14367907 18032076 1676778 1382002 0 0 35250 39150 0 0 0 0 0 0 0 0 0 0 410328 391526 2122356 1812678 X -2738675 -4150968 14984226 20370366 0 0 12245551 16219398 14367907 18032076 3972618 1229 X false true X true false X 12779296 13287506 14226388 19931505 17735481 77960176 0 0 12779296 13287506 14226388 19931505 17735481 77960176 30468023 47492153 120951 127679 124298 143146 115119 631193 0 82430 44004 60117 82871 25200 294622 78885991 3344940 0.60203 0.69190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 275392 141413 133979 791844 791844 1748078 1650800 97278 231257 0 DEFERRED RENT 391526 391526 X 22250814 1229 3417863 57535 3476627 18774187 18774187 18276967 3417863 57535 3475398 14801569 14801569 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....$57,535. true East Asia and the Pacific Program Services Business Development 2408 Europe (Including Iceland and Greenland) Program Services Business Development 97191 South Asia Program Services Business Development 610 East Asia and the Pacific Grantmaking 50000 Europe (Including Iceland and Greenland) Grantmaking 45000 Middle East and North Africa Grantmaking 42500 South Asia Grantmaking 5250 242959 242959 Middle East and North Africa PROGRAM 42500 Europe (Including Iceland and Greenland) PROGRAM 45000 East Asia and the Pacific PROGRAM 50000 3 Prize for World Series of Innovation day Winner South Asia 5 5250 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 64088 39327 24761 13588 2965 8208 NE IGNITE 22791 8079 14712 10135 4577 2 28734 2881 25853 5660 5857 1000 13336 115613 50287 65326 19248 18957 1000 26121 65326 true EVERFI INC 3299 K Street NW 4th Floor Washington DC 20007 261818856 175000 supportING NFTE venture 1 VENTURE CAPITAL/SCHOLARSHIP/PRIZE 10 72780 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 schoool and number of students where nfte venture was delivered. X X X true false false false false false false false false Shawn Osborne President and CEO 298550 0 81250 1032 7950 0 69687 0 458469 0 0 0 Howard Brover VP OF FINANCE and information 154818 0 0 1032 4971 0 35629 0 196450 0 0 0 Daniel Delany SR. VP OF STRATEGY & MARKETING 214930 0 0 360 6628 0 21771 0 243689 0 0 0 Kimberly Smith Sr. VP of Program & Research 163373 0 0 552 5191 0 26080 0 195196 0 0 0 James Johnston Sr. VP Engagement & ImpLementa 171894 0 0 1584 5283 0 13195 0 191956 0 0 0 Ann Marie Almeida Sr. VP Development 187968 0 0 1032 5736 0 12343 0 207079 0 0 0 Thomas Gold VP of Research & Evaluation 138130 0 0 552 4202 0 12386 0 155270 0 0 0 Amy Rosen Thru 1214 President and CEO 0 0 0 157500 0 0 0 0 157500 0 0 0 PART I, LINE 4B: DURING 2016, AMY ROSEN, FORMER PRESIDENT & ceo, RECEIVED FOLLOWING PAYMENTS WHICH ARE reported on SCHEDULE J, PART II, COLUMN (B)(III): SEVERANCE PAYMENT OF $157,500 STEVE MARIOTTI FORMER OFFICER/FOUNDER OF THE ORGANINIZATION 62500 CONSULTING FEE false PART IV: THE FILING ORGANIZATION CONTRACTED WITH ATLAS LEARNING, INC. (EIN 47-5235217) TO PROVIDE CONSULTING SERVICES IN SUPPORTING NFTE ENTREPRENEURIAL TEACHER CORPS PROJECT. X 5 34111 MARKET QUOTATION X TICKETS 2 264 FMV X CRUISE 1 2200 FMV X GIFT 1 1065 FMV false true false schedule M, part i, line 32a the organization has a brokerage account with Goldman Sachs and Fidelity. These accounts are used to receive equity donation and then immediately liquidated for cash. FORM 990, PART VI, SECTION A, LINE 4: NFTEs Board of Directors approved new bylaws ON JUNE 15,2017 which aligned officers to current organization structure and eliminated inactive standing committees. In the approved bylaws the Board of Directors serve as members. FORM 990, PART VI, SECTION A, LINE 6: The Board of Directors shall serve as the members. Wherever in the law action by the members is required, an action by the Board of Directors shall be deemed the act of the members. FORM 990, PART VI, SECTION A, LINE 11B: THE INITIAL DRAFT RETURN IS REVIEWED BY THE VP of FINANCE AND information, 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 SUPPORTingorg NY 501(C)(3) 12 nfte true false false true true false false false false false false false true true true true true false false false