2017-05-02T08:46:03-05:00 2016-06-30 BDO USA LLP 100 PARK AVENUE NEW YORK NY 100175001 990 2015-07-01 133408731 NETWORK FOR TEACHING ENTREPRENEURSHIP % HOWARD BROVER NETW 2122323333 120 WALL STREET 18TH FLOOR NEW YORK NY 10005 HOWARD BROVER vp of finance 2016-05-01 true Paul Hammerschmidt P01384178 2128858000 2015 2021-01-29 14:40:06Z NFTE SHAWN OSBORNE 120 WALL STREET 18TH FLOOR NEW YORK NY 10005 21246723 false X WWW.NFTE.COM X 1986 NY PROVIDES PROGRAMS TO INSPIRE YOUNG PEOPLE FROM UNDER-RESOURCED COMMUNITIES TO STAY IN SCHOOL, TO RECOGNIZE BUSINESS OPPORTUNITIES AND TO PLAN FOR SUCCESSFUL FUTURES 14 13 106 2750 0 14226388 19931505 607307 599197 579 2693 172951 269308 15007225 20802703 389050 326385 0 0 8325093 7297500 0 0 1632296 6252212 6074371 14966355 13698256 40870 7104447 7616524 14367907 2475854 2122356 5140670 12245551 X NETWORK FOR TEACHING ENTREPRENEURSHIP (NFTE) IS AN AWARD-WINNING, INTERNATIONAL NONPROFIT THAT ACTIVATES THE ENTREPRENEURIAL MINDSET IN YOUNG PEOPLE AND BUILDS THEIR KNOWLEDGE ABOUT BUSINESS STARTUP. STUDENTS ACQUIRE THE ENTREPRENEURIAL MINDSET (E.G., INNOVATION, SELF-RELIANCE, COMFORT WITH SMART RISK), ALONGSIDE BUSINESS, STEM, AND PRESENTATION SKILLS - EQUIPPING THEM TO DRIVE THEIR BEST FUTURES IN THE 21ST CENTURY. NFTE FOCUSES OUR WORK ON UNDER-RESOURCED COMMUNITIES, PROVIDING STUDENTS THE SKILLS TO RECOGNIZE AND ACT ON OPPORTUNITIES IN THE WORLD. false false 9769465 326385 645963 Network for Teaching Entrepreneurship (NFTE) served 40,000 middle- and high-school students in school-year 2015-2016, across 22 locations in 8 countries, with a focus on youth from under-resourced communities. During a semester or year-long in-school class, every NFTE high-school student developed a full business plan, and every NFTE middle-school student developed a capstone business project, an abbreviated business plan, and marketing materials. The three winners of NFTE's National Youth Entrepreneurship Challenge, presented by MasterCard, won $25,000, $5,000, and $5,000, respectively, to invest in their business or education; and two NFTE students participated in the White House Science Fair. In addition, NFTE developed ten new professional development webinars for educators and launched a partnership with Educational Testing Service (ETS) around creating the NFTE Entrepreneurial Mindset Index (EMI), with signature support from EY, to measure entrepreneurial skills and behaviors in youth. NFTE USES A LEVERAGED MODEL TO EXPAND BEYOND ITS DOMESTIC PROGRAM OFFICES, USING TEACHERS AROUND THE COUNTRY AND THE WORLD TO DELIVER THEIR CURRICULUM. NFTE PUBLISHES CURRICULUM, TRAINS PUBLIC SCHOOL TEACHERS TO TEACH THE PROGRAM, AND WORKS WITH THOSE EDUCATORS TO FACILITATE EXPERIENTIAL LEARNING FOR YOUTH. THE PROGRAM IS INTEGRATED INTO THE SCHOOL DAY. THE BENEFIT TO THE ORGANIZATION IS THAT THOSE TEACHERS ARE OFTEN 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 ORGANIZATION'S 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. 9769465 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 false true true false false false false false false false false true false false false false true false false false true 377 0 true 106 true false false false false false true true false false false false X 14 13 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 HOWARD BROVER 2122323333 120 WALL STREET 18TH FLOOR NEW YORK NY 10005 X Shawn Osborne President and CEO 50.0 1.0 X X 301576 0 74907 Maria Pinelli THRU 1215 Board Chair 6.0 0.0 X 0 0 0 Peter Boni from 116 CHAIR 2.0 1.0 X X 0 0 0 Ron Garrow Vice Chair 2.0 0.0 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 Steven Birdsall Thru 0116 Director 2.0 0.0 X 0 0 0 Kyle Garman FROM 1015 Director 2.0 0.0 X 0 0 0 Rahfeal Gordon FROM 616 Director 2.0 0.0 X 0 0 0 Noah Hanft Director 2.0 0.0 X 0 0 0 Gus Harris From 1015 Director 2.0 0.0 X 0 0 0 Victor Oviedo THRU 316 Director 2.0 0.0 X 0 0 0 Jason Port THRU 316 Director 2.0 0.0 X 0 0 0 Deryck van RensburgTHRU 316 Director 2.0 0.0 X 0 0 0 Anthony Salcito Director 2.0 0.0 X 0 0 0 Dia Simms Thru 915 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 Tucker York Director 2.0 1.0 X 0 0 0 Howard Brover FROM 815 vp of Finance and Admin 50.0 1.0 X 57809 0 13373 Dan Delany Chief Strategy Officer 50.0 0.0 X 208855 0 27172 Kimbery Smith Sr.VP of Program & Research 50.0 0.0 X 158219 0 28623 Gregory Cox THRU 516 VP of Regional Office 50.0 0.0 X 162743 0 14118 Terry Bowman THRU 616 Director of NY Metro 50.0 0.0 X 143933 0 24787 Thomas Gold VP of Research & Evaluation 50.0 0.0 X 131094 0 19312 Amy Rosen Thru 1214 President and CEO 0.0 0.0 X 246742 0 0 1410971 0 202292 10 true true false Victory Productions 55 Linden Street WORCESTER MA 01609 Curriculum Dev 200284 Professionals for Nonprofits Inc PO Box 5935 TROY MI 48007 staffing 173963 BDO USA LLP 100 Park Avenue NEW YORK NY 10017 audit & TAX 148304 Legend Productions 631 Saw Mill River Road Suite 2A N ARDSLEY NY 10502 EVNT COORD/DGTL MEDI 131887 Massive U Inc PO Box 112825 NAPLES FL 34108 WebsitE dev&supporT 118400 5 279596 469000 19182909 20437 19931505 CONTRACT SERVICES 900099 366897 366897 TRAINING FEES 900099 127800 127800 LICENSE FEES 900099 104500 104500 599197 3385 3385 0 139761 139761 0 0 0 69305 69997 -692 -692 -692 314766 279596 314766 0 0 106023 59257 46766 46766 MISCELLANEOUS 900099 82781 82781 82781 20802703 645963 225235 0 222885 222885 103500 103500 0 625271 225117 191698 208456 14141 14141 5421756 3605106 912745 903905 109625 80849 21631 7145 717917 472236 122739 122942 408790 290910 77164 40716 0 32098 3218 28880 76006 76006 0 0 0 1248508 1020933 71255 156320 20501 20501 607430 419128 145267 43035 113142 36171 53547 23424 0 836723 558106 218618 59999 436621 352390 68060 16171 0 300652 296512 2353 1787 3334 3334 0 55964 55964 122673 29840 68299 24534 STUDENTS EXPENSES 1353356 1353356 TEACHERS EXPENSES 501273 501273 BAD DEBT EXPENSE 122975 122975 DUES AND SUBSCRIPTIONS 148563 115384 11070 22109 94552 62050 30749 1753 13698256 9769465 2296495 1632296 41288 60551 2246777 9499767 4528470 4190123 219636 35454 0 0 0 0 0 0 36032 60280 92718 140011 2815314 2528093 343185 287221 0 7246 0 0 0 0 0 0 108418 87254 7616524 14367907 2046718 1676778 0 0 0 35250 0 0 0 0 0 0 0 0 0 0 429136 410328 2475854 2122356 X -1399412 -2738675 6540082 14984226 0 0 5140670 12245551 7616524 14367907 7104447 434 X false true X true false X 11254572 12779296 13287506 14226388 19931505 71479267 0 0 11254572 12779296 13287506 14226388 19931505 71479267 21369967 50109300 103920 120951 127679 124298 143146 619994 0 54609 82430 44004 60117 82781 323941 72423202 3374576 0.69190 0.82687 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 275392 123629 151763 791844 791844 1748078 1612620 135458 287221 0 DEFERRED RENT 410328 410328 X 24383917 434 3521523 59257 3581214 20802703 20802703 17279036 3521523 59257 3580780 13698256 13698256 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, 2016, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE STATEMENT OF ACTIVITIES. AS OF JUNE 30, 2016, THE YEARS STILL SUBJECT TO EXAMINATION BY A TAXING AUTHORITY ARE 2013 THROUGH 2015. PART XI AND PART XII, LINE 2D: COST OF GOODS SOLD....$59,257. true East Asia and the Pacific Program Services Business Development 8303 Europe (Including Iceland and Greenland) Program Services BUSINESS DEVELOPMENT 60768 North America Program Services BUSINESS DEVELOPMENT 5985 South Asia Program Services BUSINESS DEVELOPMENT 4871 East Asia and the Pacific Grantmaking 41000 Europe (Including Iceland and Greenland) Grantmaking 50000 Middle East and North Africa Grantmaking 12500 183427 183427 North America PROGRAM 12500 Europe (Including Iceland and Greenland) PROGRAM 40000 Europe (Including Iceland and Greenland) PROGRAM 10000 East Asia and the Pacific PROGRAM 10000 East Asia and the Pacific PROGRAM 20000 5 PRIZEs East Asia and the Pacific 2 11000 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. Production Collective CONSULTANT false DC GALA 198750 88087 110663 6600 79514 24549 NY METRO GALA 89560 26946 62614 2000 44675 15939 4 306052 164563 141489 2500 15300 35973 3500 84216 594362 279596 314766 2500 23900 160162 3500 124704 314766 true SCHOLARSHIP 25 170500 Award/Prize 5 52385 PART I, LINE 2: BUSINESS PLAN COMPETITION WINNERS RECEIVE SCHOLARSHIPS AS PART OF THEIR PRIZES THESE PAYMENTS ARE GENERALLY DIRECTED TO ACADEMIC INSTITUTIONS. X X X X false true false false false false false false false Shawn Osborne President and CEO 300544 0 0 0 1032 0 9750 0 65157 0 376483 0 0 0 Dan Delany Chief Strategy Officer 208495 0 0 0 360 0 6428 0 20744 0 236027 0 0 0 Kimbery Smith Sr.VP of Program & Research 157667 0 0 0 552 0 4991 0 23632 0 186842 0 0 0 Gregory Cox THRU 516 VP of Regional Office 142527 0 20000 0 216 0 2198 0 11920 0 176861 0 0 0 Terry Bowman THRU 616 Director of NY Metro 143381 0 0 0 552 0 4443 0 20344 0 168720 0 0 0 Thomas Gold VP of Research & Evaluation 130734 0 0 0 360 0 4077 0 15235 0 150406 0 0 0 Amy Rosen Thru 1214 President and CEO 0 0 0 0 246742 0 0 0 0 0 246742 0 89242 0 PART I, LINE 4B: DURING 2015, AMY ROSEN, FORMER PRESIDENT & ceo, RECEIVED FOLLOWING PAYMENTS WHICH ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III): 457(F) DISTRIBUTION OF $16,590 457(B) DISTRIBUTION OF $72,652 SEVERANCE PAYMENT OF $157,500 X 3 20437 MARKET QUOTATION 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 11B: THE INITIAL DRAFT RETURN IS REVIEWED BY THE VP FINANCE AND ADMINISTRATION, WHO COMPARES THE RETURN TO THE AUDITED FINANCIAL REPORT. THE RESULTS OF THAT REVIEW 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 OF THE 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 ANNUALLY SIGN A STATEMENT 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 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON ITS OWN WEBSITE AND UPON REQUEST. NFTE ENDOWMENT FUND INC 120 WALL STREET 18TH FLOOR NEW YORK NY 10005 270135465 SUPPORT NY 501(C)(3) 11 false false false true true false false false false false false true true true true true false false false