Overview
What is Institute For Entrepreneurial Leadership Inc?
The Institute for Entrepreneurial Leadership Inc., established in 2002, is a Newark-based nonprofit dedicated to fostering economic development through entrepreneurship. With a commitment to promoting diversity and inclusion in funding, this organization aims to eradicate systemic barriers preventing historically excluded populations from accessing essential resources for entrepreneurial success and wealth creation. The Institute offers knowledge, networks, and capital, providing a level playing field for all individuals to thrive in the entrepreneurial sphere. Visit www.weareifel.org to learn more about their mission and initiatives.
Official website here: www.weareifel.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Star rating)
The Institute for Entrepreneurial Leadership Inc has achieved a commendable 89% rating on Charity Navigator, reflecting strong performance in accountability and finance. The organization has earned top marks for its independent board composition and robust financial oversight, with no material diversions of assets noted, indicating a high level of integrity in its financial practices. Its program expense ratio is noteworthy, with 78.90% of funds directed towards its programs, showcasing effective resource allocation.
Strengths of the Institute include a well-structured governance policy, as evidenced by the absence of loans to officers and a comprehensive audit and oversight committee. The organization also excels in community feedback practices, scoring a perfect 100% in feedback collection and usage, which highlights its commitment to incorporating stakeholder input into its operational strategies. This emphasis on accountability and responsiveness likely contributes to its positive reputation among supporters.
However, a noted limitation is the absence of a conflict of interest policy, which could raise concerns regarding governance transparency. Despite this shortcoming, the overall culture and community score is impressive, reflecting a strong organizational ethos. Overall, the Institute for Entrepreneurial Leadership Inc has established itself as a responsible and impactful nonprofit in the entrepreneurial space.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Institute For Entrepreneurial Leadership Inc?
While there are currently no formal ratings for Institute For Entrepreneurial Leadership Inc on Facebook, the existing reviews reflect positive sentiment towards the organization. One reviewer highlighted the efforts of individuals associated with the nonprofit, specifically mentioning a billionaire investor's commitment to helping people, which suggests a supportive environment for those looking to enhance their entrepreneurial skills.
Overall, the limited feedback indicates an optimistic view of the nonprofit's mission and its potential impact on the community. This may imply that those associated with the organization are seen as dedicated to empowering individuals through entrepreneurial leadership. As more reviews are collected in the future, a clearer picture of user sentiments will likely emerge.
This AI summary has been generated from reviews found on Facebook.
Is Institute For Entrepreneurial Leadership Inc legitimate?
Institute For Entrepreneurial Leadership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute For Entrepreneurial Leadership Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $307,593
Professional Fundraising Fees: $0
Other Salaries and Wages: $768,616
For more financial information, click here
Official website here: www.weareifel.org
What is the mission statement of Institute For Entrepreneurial Leadership Inc?
The Institute for Entrepreneurial Leadership (IFEL) is an independent, nonprofit organization established in 2002 with a mission to eradicate the systemic barriers preventing historically excluded populations from accessing the necessary knowledge, networks, and capital required for entrepreneurial success and wealth creation. By focusing on diversity and inclusion, IFEL aims to support economic development through entrepreneurship, envisioning a future where these populations have equal opportunities for success. The organization's activities are centered around eliminating the systemic obstacles that hinder entrepreneurial growth among historically marginalized communities.
Official website here: www.weareifel.org
Who is the CEO of Institute For Entrepreneurial Leadership Inc?
Jill L Johnson is the Chairman of Institute For Entrepreneurial Leadership Inc. The CEO's salary of Institute For Entrepreneurial Leadership Inc is $307,595 and their total compensation is $307,595.
Official website here: www.weareifel.org
What is the revenue of Institute For Entrepreneurial Leadership Inc?
Institute For Entrepreneurial Leadership Inc's revenue in 2022 was $2,362,721.
Official website here: www.weareifel.org
Who are the executives of Institute For Entrepreneurial Leadership Inc and what are their salaries?
The average compensation at Institute For Entrepreneurial Leadership Inc during 2022 was $53,810. There are 20 employees and 1200 volunteers at Institute For Entrepreneurial Leadership Inc.
Here are 6 key members and their salaries (Institute For Entrepreneurial Leadership Inc's CEO's salary is $307,595 and their total compensation is $307,595):
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- Compensation: $307,595
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- Other: $0
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Official website here: www.weareifel.org
Where can I find the form 990 for Institute For Entrepreneurial Leadership Inc?
Institute For Entrepreneurial Leadership Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.weareifel.org
Learn more at the official website: www.weareifel.org
Mission Statement of Institute For Entrepreneurial Leadership Inc
The Institute for Entrepreneurial Leadership (IFEL) is a nonprofit organization established in 2002 with a mission to foster economic development by promoting entrepreneurship. With a strong emphasis on diversity and inclusion, IFEL seeks to eradicate the systemic barriers that prevent historically excluded populations from accessing the necessary knowledge, networks, and capital required for entrepreneurial success and wealth creation. By doing so, the organization envisions inclusive entrepreneurial ecosystems where individuals from these populations have an equal opportunity to thrive. To learn more about IFEL and its impactful work, visit www.weareifel.org.
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Impact
July, 2024
The Institute For Entrepreneurial Leadership Inc, based in Newark, NJ, is driving economic development through entrepreneurship with a strong focus on diversity and inclusion in funding. The organization aims to create inclusive entrepreneurial ecosystems where historically excluded populations have equal opportunities for success. By eradicating systemic barriers and providing access to knowledge, networks, and capital, IFEL is actively working towards promoting entrepreneurial success and wealth creation for all. Through their mission-driven initiatives, IFEL is making a substantial impact in advancing economic opportunities and leveling the playing field for underrepresented entrepreneurs.
This information is meant to be a general summary of Institute For Entrepreneurial Leadership Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $2,362,721
Assets and Liabilities:
- Total Assets: $3,193,132
- Total Liabilities: $1,610,095
- Net Assets: $1,583,037
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Organization Details
Founding Year
2002
Phone
(973) 353-0611Principal Officer
Jill L Johnson
Main Address
550 BROAD STREET STE 702, NEWARK, NJ, 07102
Website
www.weareifel.orgNTEE Category
Code: S30 - Community improvement
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