2011-08-15T09:24:06-05:00 2010-12-31 RSM MCGLADREY INC 1185 AVENUE OF THE AMERICAS NEW YORK NY 100362602 990 2010-01-01 133931449 THE ENDEAVOR INITIATIVE ENDE 2123523200 900 BROADWAY NO 301 NEW YORK NY 10003 LINDA ROTTENBERG 2123523200 2011-08-11 1 MARTIN GREIF 2123721000 2010 2016-02-24 21:20:13Z ENDEAVOR GLOBAL INC LINDA ROTTENBERG 900 BROADWAY NO 301 NEW YORK NY 10003 8511842 0 X WWW.ENDEAVOR.ORG X 1997 DE ENDEAVOR GLOBAL IS THE HEADQUARTERS OF AN INTERNATIONAL, $20+MM ORGANIZATION WITH AFFILIATES IN ARGENTINA, BRAZIL, CHILE, COLOMBIA, EGYPT, JORDAN, LEBANON, MEXICO, SOUTH AFRICA, TURKEY & URUGUAY. ENDEAVOR TRANSFORMS EMERGING MARKETS BY ESTABLISHING HIGH-IMPACT ENTREPRENEURSHIP AS THE LEADING FORCE FOR SUSTAINABLE ECONOMIC DEVELOPMENT. 15 14 53 200 0 0 5897451 8329117 0 0 46376 39062 -200407 -55318 5743420 8312861 610769 710712 0 0 3029186 3845498 0 0 574629 1573581 2057668 5213536 6613878 529884 1698983 11432099 13144161 450831 463910 10981268 12680251 X ENDEAVOR GLOBAL IS THE HEADQUARTERS OF AN INTERNATIONAL, $20+MM ORGANIZATION WITH AFFILIATES IN ARGENTINA, BRAZIL, CHILE, COLOMBIA, EGYPT, JORDAN, LEBANON, MEXICO, SOUTH AFRICA, TURKEY & URUGUAY. ENDEAVOR TRANSFORMS EMERGING MARKETS BY ESTABLISHING HIGH-IMPACT ENTREPRENEURSHIP AS THE LEADING FORCE FOR SUSTAINABLE ECONOMIC DEVELOPMENT. ENDEAVOR BELIEVES THAT HIGH-IMPACT ENTREPRENEURS HOLD THE KEY TO SUSTAINED ECONOMIC GROWTH IN EMERGING MARKETS. THEY ARE THE AMBITIOUS ENTREPRENEURS WHO RUN INNOVATIVE, HIGH-GROWTH BUSINESSES THAT CREATE JOBS, OPPORTUNITY AND WEALTH IN THEIR COMMUNITIES. ENDEAVOR, A NON-PROFIT, IDENTIFIES THESE ENTREPRENEURS AND THEN HELPS THEM UNLEASH THEIR POTENTIAL BY PROVIDING THE SOFT POWER OF THE PRIVATE SECTOR: NETWORKS, MENTORSHIP, STRATEGIC ADVICE, TALENT, SKILLS, AND INSPIRATION. THESE TOOLS ENABLE HIGH-IMPACT ENTREPRENEURS TO SCALE THEIR BUSINESSES, BUILDING A VIBRANT, INVESTMENT-FRIENDLY PRIVATE SECTOR AND A ROBUST MIDDLE CLASS. 0 0 1210719 121000 SEARCH & SELECTION: WORKING THROUGH A NETWORK OF LOCAL BUSINESS LEADERS, ENDEAVOR IDENTIFIES AND SCREENS A LARGE NUMBER OF ENTREPRENEUR CANDIDATES RUNNING HIGH-GROWTH COMPANIES, TYPICALLY WITH UP TO $15MM IN ANNUAL REVENUES. AN INTERNATIONAL SELECTION PANEL OF EXPERIENCED BUSINESS PEOPLE ELECTS A NEW CLASS OF ENDEAVOR ENTREPRENEURS -- THOSE INDIVIDUALS WHO DEMONSTRATE THE FULFILLMENT OF A SPECIFIC SET OF VALUES & CONDITIONS THAT MATCH THE ORGANIZATIONS EXPECTATIONS AND GOALS. THROUGH THE S&S PROCESS ENDEAVOR PROVIDED INVALUABLE BUSINESS ADVICE TO OVER 1,000 OF ENTREPRENEURS, SUPPORTING OVER 500 BY THE END OF 2010. 883640 451092 AFFILIATE OPERATIONS: ENDEAVOR SUPPORTS BOTH NEW AND EXISTING OFFICES, LED BY THE AFFILIATE OPERATIONS TEAM. STAFF IN THIS DEPARTMENT PROVIDES INFRASTRUCTURE, BEST-PRACTICES AND IT TRAINING TO NEW OFFICES AND HIGH-LEVEL CONSULTING SERVICES TO ESTABLISHED OFFICES THAT HAVE REACHED KEY INFLECTION POINTS. 856066 56859 ENTREPRENEUR SERVICES: ONCE SELECTED, ENDEAVOR PROVIDES HIGH-IMPACT ENTREPRENEURS WITH CUSTOMIZED SERVICES TO MEET THEIR SPECIFIC CHALLENGES. ENDEAVOR'S SERVICES FOCUS ON PROVIDING MENTORSHIP TO LOCAL AND GLOBAL BUSINESS LEADERS, MANAGERIAL TALENT FROM BLUE-CHIP COMPANIES AND TOP BUSINESS SCHOOLS, AND ACCESS TO DIFFICULT-TO PENETRATE NETWORKS. AT THE SAME TIME, ENDEAVOR HAS BUILT A PEER NETWORK OF ENTREPRENEURS WHO PROVIDE A STRONG, SUPPORTIVE COMMUNITY TO FACE ANY CHALLENGE. AT THE END OF 2010, ENDEAVOR SUPPORTED 500+ ENTREPRENEURS FROM 12 COUNTRIES. 555218 31761 EMBA 417822 ENDEAVORNET 265366 CENTER FOR HIGH-IMPACT ENTREPRENEURSHIP 851924 50000 NEW COUNTRY EXPANSION 583474 PHILANTHROPIC NETWORKS 2673804 81761 5624229 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 1 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 32 0 1 53 1 0 0 0 0 0 1 1 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NY CA X X LAWRENCE H BROOKS 2123523200 900 BROADWAY SUITE 301 NEW YORK NY 10003 LINDA ROTTENBERG 50.00 X X 505912 0 45720 JASON GREEN 2.00 X 0 0 0 NICK BEIM 2.00 X 0 0 0 PAUL FRIBOURG 2.00 X 0 0 0 PETER KELLNER 2.00 X 0 0 0 BRIAN SWETTE 2.00 X 0 0 0 EMILIO AZCARRAGA 2.00 X 0 0 0 WENCES CASARES 2.00 X 0 0 0 JOANNA REES 2.00 X 0 0 0 REID HOFFMAN 2.00 X 0 0 0 MICHAEL AHEARN 2.00 X 0 0 0 WILLIAM MCGLASHAN 2.00 X 0 0 0 MATTHEW BROWN 2.00 X 0 0 0 ARIF NAQVI 2.00 X 0 0 0 MATTHEW BANNICK 2.00 X 0 0 0 LAWRENCE BROOKS 50.00 X 173021 0 18763 CARLOS PESSOA 50.00 X 162000 0 7263 DAVE GEARY 50.00 X 350000 0 34329 CINDY KO 50.00 X 177493 0 18763 DAVID WACHTEL 50.00 X 257265 0 4000 JOANNA HARRIES 50.00 X 118809 0 7263 JOEL MONTGOMERY 50.00 X 111969 0 10259 ALLEN TAYLOR 50.00 X 100050 0 10852 DANIELA TERMINEL 50.00 X 103055 0 6659 2059574 0 163871 10 0 1 0 AREA 17 MEDIA LLC 190 NORTH 10TH STREET SUITE 312 BROOKLYN NY 11211 WEB DEVELOPMENT / DESIGN 117686 1 1991162 6337955 49957 8329117 39133 39133 3625 3696 -71 -71 -71 132500 1991162 195285 -62785 -62785 OTHER INCOME 900099 7467 7467 7467 8312861 0 0 -16256 46662 46662 664050 664050 1754532 1480330 79279 194923 1696578 1431814 76550 188214 3883 3265 179 439 175102 147244 8054 19804 215403 181133 9908 24362 128402 111860 4448 12094 76631 66758 2655 7218 16580 14444 574 1562 82962 74520 4459 3983 280442 214524 35902 30016 68811 57863 3166 7782 227524 177547 24244 25733 139424 117243 6412 15769 EVENTS & ACTIVITIES 853473 707595 118355 27523 CONTRACTOR FEES 172581 118039 40320 14222 OTHER EXPENSES 7469 6508 357 604 EQUIP. RENTAL AND MAINT 3369 2830 158 381 6613878 5624229 415020 574629 25 611 9494982 9302227 1558297 3435008 64404 4962 1182235 851082 257965 331153 3625 52801 70200 11432099 13144161 184197 299484 266634 164426 450831 463910 X 9539272 9223254 1416996 3431997 25000 25000 10981268 12680251 11432099 13144161 1698983 0 X 0 1 1 X 0 X 2662850 3632590 11795243 5897451 8329117 32317251 2662850 3632590 11795243 5897451 8329117 32317251 12772510 19544741 51863 60649 79987 46376 39133 278008 34173 11235 7467 52875 32648134 0.59860 0.65020 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25000 25000 25000 25000 25000 25000 1.00000 0 0 214135 105523 108612 231945 156372 75573 736155 589187 146968 331153 CAPITAL LEASE 35343 DUE TO AFFILIATES 129083 164426 8312861 6613878 1698983 0 1698983 8642661 134515 134515 8508146 -195285 -195285 8312861 6943678 134515 195285 329800 6613878 0 6613878 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ESTABLISHMENT OF AN ENDOWMENT FOR ENDEAVOR'S GLOBAL INITIATIVE FUND DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ENDEAVOR ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES UNDER ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, ACCOUNTING FOR INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, ENDEAVOR MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED ENDEAVOR'S TAX POSITIONS FOR ALL OPEN TAX YEARS AND HAS CONCLUDED THAT ENDEAVOR HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. WITH FEW EXCEPTIONS, ENDEAVOR IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2007, WHICH IS THE STANDARD STATUTE OF LIMITATIONS LOOK-BACK PERIOD. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES NETTED AGAINST SPECIAL EVENTS REVENUE PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES NETTED AGAINST SPECIAL EVENTS REVENUE 1 EUROPE (INCLUDING ICELAND & GREENLAND) 1 GRANTS TO RECIPIENTS IN REGION TO SUPPORT AFFILIATE PROGRAMS 3600 MIDDLE EAST AND NORTH AFRICA 3 5 PROGRAM SERVICES & GRANTS TO SUPPORT AFFILIATE PROGRAMS 50000 NORTH AMERICA 1 17 PROGRAM SERVICES & GRANTS TO SUPPORT AFFILIATE PROGRAMS 110400 SOUTH AMERICA 5 59 PROGRAM SERVICES & GRANTS TO SUPPORT AFFILIATE PROGRAMS 183500 SUB-SAHARAN AFRICA 1 13 PROGRAM SERVICES & GRANTS TO SUPPORT AFFILIATE PROGRAMS 316550 95 0 95 664050 0 664050 MIDDLE EAST AND NORTH AFRICA TO SUPPORT AFFILIATE PROGRAMS 50000 NORTH AMERICA TO SUPPORT AFFILIATE PROGRAMS 50000 SOUTH AMERICA TO SUPPORT AFFILIATE PROGRAMS 67500 SOUTH AMERICA TO SUPPORT AFFILIATE PROGRAMS 12500 SOUTH AMERICA TO SUPPORT AFFILIATE PROGRAMS 5000 SOUTH AMERICA TO SUPPORT AFFILIATE PROGRAMS 65000 SUB-SAHARAN AFRICA TO SUPPORT AFFILIATE PROGRAMS 309750 7 0 STIPEND EUROPE (INCLUDING ICELAND & GREENLAND) 1 3600 STIPEND NORTH AMERICA 3 60400 STIPEND SOUTH AMERICA 5 33500 STIPEND SUB-SAHARAN AFRICA 2 6800 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: 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 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. ANNUAL GALA 2123662 1991162 132500 195285 2123662 1991162 132500 195285 195285 -62785 1 FELLOWSHIPS AND STIPENDS 6 46662 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: 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 AND SENIOR-LEVEL MANAGERS TO TRACK PERFORMANCE. X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 LINDA ROTTENBERG 398932 0 100000 0 6980 0 11500 0 34220 0 551632 0 0 0 LAWRENCE BROOKS 144021 0 29000 0 0 0 11500 0 7263 0 191784 0 0 0 CARLOS PESSOA 135000 0 27000 0 0 0 0 0 7263 0 169263 0 0 0 DAVE GEARY 250000 0 100000 0 0 0 7500 0 26829 0 384329 0 0 0 CINDY KO 154243 0 23250 0 0 0 11500 0 7263 0 196256 0 0 0 DAVID WACHTEL 207265 0 50000 0 0 0 4000 0 0 0 261265 0 0 0 PART I, LINE 1A LINDA ROTTENBERG, CEO & CO-FOUNDER, FLIES BUSINESS CLASS WHEN ON BUSINESS ASSIGNMENTS. ENDEAVOR MAY ALSO FLY HER CHILDREN AND NANNY TO THE ORGANIZATION'S BIANNUAL SUMMIT EVENT. TRAVEL FOR HER CHILDREN & NANNY ARE TAXABLE BENEFITS THAT, SHOULD THEY BE INCURRED, WILL BE REPORTED ACCORDINGLY. PART I, LINE 7 THE FOLLOWING EMPLOYEES, LISTED ON PART VII, RECEIVED NON-FIXED PAYMENTS IN THE FORM OF BONUSES DURING THE YEAR ENDED 2010. LINDA ROTTENBERG - $100,000 LAWRENCE BROOKS - $29,000 CARLOS PESSOA - $27,000 DAVE GEARY - $100,000 CINDY KO - $23,250 DAVID WACHTEL - $50,000 JOANNA HARRIES - $20,000 JOEL MONTGOMERY - $15,000 ALLEN TAYLOR - $13,050 DANIELA TERMINEL - $13,500 X 2 29804 FMV X SOFTWARE 1 20153 FMV 0 0 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS ABOVE REPRESENTS THE NUMBER OF DONORS WHO CONTRIBUTED NON-CASH ITEMS DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11 THE 990 DRAFT FILING IS FIRST REVIEWED BY THE VICE PRESIDENT, FINANCE FOR ACCURACY. UPON THE COMPLETION OF HIS REVIEW, THE CEO, FINANCE COMMITTEE, AND FULL BOARD OF DIRECTORS THEN REVIEW THE FILING. ALL REQUESTED COMMENTS/CHANGES ARE THEN ADDED TO THE 990 DRAFT WHICH IS THEN SUBMITTED FOR FINAL REVIEW TO THE TAX PREPARERS (MCGLADREY). THE FINAL 990 WILL BE DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS AND THEN FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, ENDEAVOR REQUIRES THAT ALL BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES RECEIVE, READ/UNDERSTAND AND SIGN A CONFLICT OF INTEREST POLICY IN WHICH ANY/ALL POTENTIAL CONFLICTS ARE NOTED. FURTHER, ALL INDIVIDUALS AFFIRM THAT HE/SHE UNDERSTANDS ENDEAVOR'S CHARITABLE PURPOSE AND DISCLOSURE IS AN IMPERATIVE CONDITION UNDER WHICH ONE MAY SERVE ON THE BOARD OF DIRECTORS OR AS AN OFFICER OR KEY EMPLOYEE. 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 15 ALL SALARIES ARE DECIDED UPON BY AN INDEPENDENT HR-CONSULTANT (WITH 20+ YEARS OF EXPERIENCE IN A SENIOR HR ROLE), AN HR SUBCOMMITTEE OF THE BOARD OF DIRECTORS, THE FINANCE SUBCOMMITTEE OF THE BOARD OF DIRECTORS, AND ULTIMATELY THE ENTIRE BOARD OF DIRECTORS AS PART OF THE ANNUAL BUDGET RATIFICATION PROCESS. THROUGHOUT THIS PROCESS, ENDEAVOR WORKS WITH EXTERNAL HR CONSULTANTS, RECRUITING FIRMS AND SEVERAL SOURCES OF MARKET DATA TO FIND COMPARABLE SALARY BANDS WITHIN THE INDUSTRY. FORM 990, PART VI, SECTION C, LINE 19 ENDEAVOR'S AUDIT, 990 AND 1023 DOCUMENTS ARE ALL AVAILABLE VIA THE "GET INVOLVED" TAB OF WWW.ENDEAVOR.ORG (ONE CLICK FROM THE MAIN PAGE). FURTHER, AUDITED FINANCIALS ARE MADE AVAILABLE IN SUMMARY FORM IN ENDEAVOR'S ANNUAL REPORT. ENDEAVOR ALSO MAKES THESE DOCUMENTS AVAILABLE ON PUBLIC WEBSITES (E.G., GUIDESTAR). UPON REQUEST, ENDEAVOR WILL MAKE COPIES OF ALL THESE, ANY GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY AVAILABLE TO THE GENERAL PUBLIC.