Overview
What is Nfte Endowment Fund Inc?
Nfte Endowment Fund Inc, located in New York City, is a supporting organization established for the benefit of the Network for Teaching Entrepreneurship (NFTE). Acting as a financial backer, the endowment fund invests its assets and distributes income to NFTE, in accordance with its distribution policy and at the discretion of its board of directors. The primary aim of Nfte Endowment Fund Inc is to support NFTE's mission, which focuses on teaching entrepreneurship skills to young people from underprivileged communities, thereby empowering them to create opportunities for themselves and contribute positively to society.
Official website here: www.nfte.com
Is Nfte Endowment Fund Inc legitimate?
Nfte Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nfte Endowment Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nfte.com
What is the mission statement of Nfte Endowment Fund Inc?
The NFTE Endowment Fund Inc serves as a supporting organization, primarily benefiting the Network for Teaching Entrepreneurship (NFTE). Its mission is to invest its assets and distribute income, at the discretion of its board of directors, to NFTE or for its benefit. The primary objective of the NFTE Endowment Fund Inc is to contribute financially to NFTE, thereby supporting its mission of teaching entrepreneurship. The fund's activities are geared towards strengthening NFTE's capacity to execute its programs, ultimately promoting entrepreneurial skills and opportunities for individuals.
Official website here: www.nfte.com
Who is the CEO of Nfte Endowment Fund Inc?
Dr Jean-Daniele Larock is the CEO of Nfte Endowment Fund Inc The CEO's salary of Nfte Endowment Fund Inc is $0 and their total compensation is $597,866.
Official website here: www.nfte.com
What is the revenue of Nfte Endowment Fund Inc?
Nfte Endowment Fund Inc's revenue in 2024 was $404,658.
Official website here: www.nfte.com
Who are the executives of Nfte Endowment Fund Inc and what are their salaries?
There 1 volunteer at Nfte Endowment Fund Inc.
Here are 4 key members and their salaries (Nfte Endowment Fund Inc's CEO's salary is $0 and their total compensation is $597,866):
- Compensation: $0
- Related: $540,360
- Other: $57,506
- Compensation: $0
- Related: $277,445
- Other: $13,638
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nfte.com
Where can I find the form 990 for Nfte Endowment Fund Inc?
Nfte Endowment Fund Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.nfte.com
Learn more at the official website: www.nfte.com
Mission Statement of Nfte Endowment Fund Inc
Nfte Endowment Fund Inc, a supporting organization, exists primarily to benefit the Network for Teaching Entrepreneurship (NFTE). Its mission involves investing its assets and distributing income to NFTE, as per its distribution policy, at the discretion of its board of directors. This organization's contributions to NFTE can only be made directly or for NFTE's benefit. In essence, Nfte Endowment Fund Inc serves as a financial backbone, providing resources to further the goals and objectives of NFTE.
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Impact
October, 2024
Nfte Endowment Fund Inc significantly contributes to the advancement of entrepreneurship education through its support of the Network for Teaching Entrepreneurship (NFTE). By strategically managing its assets and ensuring the transfer of income to NFTE, the Fund plays a crucial role in funding programs that equip young people with essential entrepreneurial skills. This support enables NFTE to deliver educational resources and training, fostering innovation and entrepreneurship among diverse student populations.
The endowment fund's commitment enhances NFTE's ability to reach underserved communities, offering students opportunities that may not be available otherwise. Through scholarships, mentorship programs, and curriculum development, the Fund helps cultivate the next generation of entrepreneurs, ultimately driving economic growth and social mobility. Its focused approach not only benefits NFTE but also resonates throughout the communities it serves, empowering individuals and contributing to a robust entrepreneurial ecosystem.
This information is meant to be a general summary of Nfte Endowment Fund 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 2024.
- Investment Income: $280,802
- Gross Receipts: $4,119,291
Assets and Liabilities:
- Total Assets: $12,111,727
- Total Liabilities: $44,500
- Net Assets: $12,067,227
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Organization Details
Founding Year
2005
Principal Officer
Dr Jean-Daniel Larock
Website
www.nfte.comNTEE Category
Code: P11 - Human services
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