Overview
What is Network For Teaching Entrepreneurship?
Network for Teaching Entrepreneurship (NFTE) is a global educational nonprofit headquartered in New York, dedicated to empowering youth from under-resourced communities by providing them with high-quality entrepreneurship education. Through innovative programs, NFTE fosters an entrepreneurial mindset while teaching essential business and academic skills. NFTE's initiatives primarily target middle and high school students in schools with free and reduced lunch eligibility rates of 50% or more. The organization benefits from classroom teachers delivering its curriculum, which is funded by their respective school districts. NFTE has educated over a million students through in-school, out-of-school, college, and summer camp programs, both in person and online. The nonprofit's mission is to prepare youth for college and career success by teaching them valuable skills and fostering an entrepreneurial spirit.
Official website here: www.nfte.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 99%, Four-Star out of Four Star rating.
The Network For Teaching Entrepreneurship (NFTE) has achieved an impressive 99% score, indicating strong accountability and financial health, with perfect scores in areas such as impact measurement and leadership adaptability. The organization has a majority of independent board members and maintains rigorous oversight of its financial statements, which contributes to its high rating. NFTE demonstrates effective use of funds, with a program expense ratio of over 73%, reflecting a commitment to its educational mission.
User reviews present a mixed perspective on NFTE's operations. Many donors commend the organization for its impactful programs, highlighting the successful development of entrepreneurship skills among at-risk youth and the creation of numerous businesses over the years. Conversely, some feedback points out concerns about salary expenditures within the New York City office, suggesting a need for better allocation of resources towards programmatic support in low-income communities.
Overall, NFTE is recognized for its significant contributions to entrepreneurial education, as seen from positive reviews from beneficiaries and donors alike. However, the organization must address criticisms related to administrative costs to ensure continued support and trust from its donor base.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Network For Teaching Entrepreneurship legitimate?
Network For Teaching Entrepreneurship is a legitimate nonprofit organization registered as a 501(c)(3) entity. Network For Teaching Entrepreneurship 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: $758,728
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,244,124
For more financial information, click here
Official website here: www.nfte.com
What is the mission statement of Network For Teaching Entrepreneurship?
Network for Teaching Entrepreneurship (NFTE) is a global educational nonprofit that strives to equip middle and high school students from under-resourced communities with entrepreneurial mindsets and essential business and academic skills. Through their in-school, out-of-school, college, and summer camp programs, offered both in person and online, NFTE has reached over a million students. Their mission is to enhance college and career readiness by providing high-quality entrepreneurship education.
Official website here: www.nfte.com
Who is the CEO of Network For Teaching Entrepreneurship?
Dr Jean-Daniel Larock is the Ceo/President of Network For Teaching Entrepreneurship. The CEO's salary of Network For Teaching Entrepreneurship is $604,256 and their total compensation is $636,192.
Official website here: www.nfte.com
What is the revenue of Network For Teaching Entrepreneurship?
Network For Teaching Entrepreneurship's revenue in 2022 was $13,733,111.
Official website here: www.nfte.com
Who are the executives of Network For Teaching Entrepreneurship and what are their salaries?
The average compensation at Network For Teaching Entrepreneurship during 2022 was $75,985. There are 79 employees and 2541 volunteers at Network For Teaching Entrepreneurship.
Here are 20 key members and their salaries (Network For Teaching Entrepreneurship's CEO's salary is $604,256 and their total compensation is $636,192):
- Compensation: $604,256
- Related: $0
- Other: $31,936
- Compensation: $231,696
- Related: $0
- Other: $14,436
- Compensation: $174,866
- Related: $0
- Other: $35,989
- Compensation: $198,696
- Related: $0
- Other: $7,399
- Compensation: $160,872
- Related: $0
- Other: $27,913
- Compensation: $158,264
- Related: $0
- Other: $28,041
- Compensation: $149,814
- Related: $0
- Other: $9,100
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Official website here: www.nfte.com
Where can I find the form 990 for Network For Teaching Entrepreneurship?
Network For Teaching Entrepreneurship's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nfte.com
Learn more at the official website: www.nfte.com
Mission Statement of Network For Teaching Entrepreneurship
Network For Teaching Entrepreneurship (NFTE) is a global educational nonprofit that strives to equip under-resourced middle and high school students with the necessary entrepreneurial mindset and essential business and academic skills. By doing so, NFTE significantly enhances the college and career readiness of these students.
NFTE's mission is twofold. On one hand, they provide high-quality entrepreneurship education to those in need, reaching over a million students through in-school, out-of-school, college, and summer camp programs. These programs are available both in person and online. On the other hand, NFTE offers entrepreneurship programs for college students and adult learners, expanding its reach and impact.
At the heart of NFTE's approach is the belief that entrepreneurship is a powerful tool for transforming lives and communities. By teaching students the skills and mindset related to entrepreneurship, NFTE empowers them to become innovative problem-solvers and future leaders. These students are not only equipped with the tools to start their own businesses but also gain valuable skills that can be applied to various aspects of their lives, including academic pursuits and future careers.
NFTE's educational programs offer students a hands-on learning experience, allowing them to explore their creativity and develop their critical thinking skills. Through these programs, students are encouraged to turn their ideas into viable businesses and, in the process, learn valuable lessons about perseverance, resilience, and the importance of taking calculated risks.
In summary, Network For Teaching Entrepreneurship is an innovative educational nonprofit that bridges the gap for under-resourced students by providing them with the entrepreneurial mindset and essential business and academic skills necessary for success in college, careers, and beyond.
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Impact
October, 2024
Network For Teaching Entrepreneurship (NFTE) has a profound impact on youth in under-resourced communities by providing them with essential entrepreneurship education. Through its educational programs, NFTE fosters the development of critical business and academic skills, enhancing college and career readiness among students. Participants learn to create business plans and market their ideas, which not only builds their entrepreneurial acumen but also introduces them to potential career paths.
The core of NFTE's approach is cultivating an entrepreneurial mindset. Students are encouraged to think and act like entrepreneurs, developing skills such as initiative, adaptability, critical thinking, problem-solving, communication, and creativity. These competencies are vital as they prepare students for future challenges, allowing them to navigate a rapidly changing job landscape.
Targeting primarily middle and high school students in public school districts with high free and reduced lunch eligibility, NFTE collaborates with schools and community organizations to deliver its curriculum. This engagement ensures that students in economically disadvantaged areas gain access to high-quality education that might otherwise be unavailable to them.
Since its inception, NFTE has educated more than a million students through various programs, demonstrating its scalability and effectiveness in reaching diverse learners. By fostering a generation of students equipped with both entrepreneurial skills and an innovative mindset, NFTE plays a crucial role in bridging the gap toward economic empowerment and career success for youth in neglected communities.
This information is meant to be a general summary of Network For Teaching Entrepreneurship. 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.
- Investment Income: $1,304
- Program Service Revenue: $1,888,191
- Gross Receipts: $14,038,310
Assets and Liabilities:
- Total Assets: $11,822,494
- Total Liabilities: $1,697,596
- Net Assets: $10,124,898
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT SERVICES
Revenue
$1,685,143
TRAINING FEES
Revenue
$134,248
LICENSE FEES
Revenue
$68,800
Organization Details
Founding Year
1986
Phone
(212) 232-3333Principal Officer
Dr Jean-Daniel Larock
Main Address
120 WALL STREET 18TH FLOOR, NEW YORK, NY, 10005
Website
www.nfte.comNTEE Category
Code: O53Z - Youth development
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