Overview
What is The Nasdaq Entrepreneurial Center Inc?
The Nasdaq Entrepreneurial Center Inc, established in 2014, is a nonprofit organization headquartered in San Francisco, California. Their primary mission is to empower entrepreneurs worldwide, offering them the necessary tools and guidance to reach their full potential. With a focus on inclusion and accessibility, the Center particularly targets underrepresented communities in entrepreneurial pursuits. They have served over 75,000 entrepreneurs, with half being women and more than two-thirds being persons of color. The Center's efforts include initiatives like The Venture Equity Project, which aims to reduce barriers for entrepreneurs of color. This project, spanning research, practice, and policy, has resulted in significant interventions and critical intervention opportunities at the intersection of race, gender, and geography. The Center has also hosted numerous convenings in the US and UK, engaging with influential partners and data-providing organizations, leading to accelerated support for diverse founders. Their work has garnered recognition, earning them a seat at the US Treasury's Freedman's Forum and visibility on the Nasdaq Tower in Times Square. With a 2-year strategy, the Center aims to expand its media and storytelling platform, leveraging existing research to identify cities that excel in supporting venture-backed entrepreneurs of color.
Official website here: www.thecenter.nasdaq
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star rating)
The Nasdaq Entrepreneurial Center Inc has achieved a strong Four-Star rating from Charity Navigator, reflecting its robust performance in accountability and finance. This high score is entirely based on the organization’s accountability measures, which are crucial for ensuring transparency and responsible financial practices. The organization scores particularly well in areas such as independent board governance, financial oversight, and adherence to policies that prevent conflicts of interest and ensure proper document management.
Strengths highlighted include the organization’s comprehensive financial oversight, with a program expense ratio of 73.87%, indicating that the majority of its funding is directed toward its mission-related activities. The fundraising efficiency is also commendable, with an impressive cost of just $0.17 to raise a dollar. Additionally, the organization has shown a clear commitment to ethical governance practices, as evidenced by its policies around whistleblowing and conflict of interest.
While the overall rating is highly positive, it is important for potential supporters to consider the working capital ratio of 0.82 years, which may suggest limited short-term financial flexibility. However, given the strong accountability and financial management practices in place, the Nasdaq Entrepreneurial Center Inc appears well-positioned to continue its mission of supporting entrepreneurs.
This AI summary has been generated from information found on Charity Navigator.
Is The Nasdaq Entrepreneurial Center Inc legitimate?
The Nasdaq Entrepreneurial Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Nasdaq Entrepreneurial Center 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: $748,293
Professional Fundraising Fees: $0
Other Salaries and Wages: $803,764
For more financial information, click here
Official website here: www.thecenter.nasdaq
What is the mission statement of The Nasdaq Entrepreneurial Center Inc?
The Nasdaq Entrepreneurial Center Inc, established in 2014, serves as an independent charity with a mission to educate the public about entrepreneurship. The center aims to educate individual entrepreneurs on various subjects beneficial to them and the community. Additionally, the Center is dedicated to improving inclusion and access to communities that are underrepresented in entrepreneurial endeavors. Their primary goal is to provide world-class resources and mentoring, enabling entrepreneurs globally to realize their full potential.
Official website here: www.thecenter.nasdaq
Who is the CEO of The Nasdaq Entrepreneurial Center Inc?
Nicola Corzine is the CEO of The Nasdaq Entrepreneurial Center Inc The CEO's salary of The Nasdaq Entrepreneurial Center Inc is $402,479 and their total compensation is $418,113.
Official website here: www.thecenter.nasdaq
What is the revenue of The Nasdaq Entrepreneurial Center Inc?
The Nasdaq Entrepreneurial Center Inc's revenue in 2023 was $7,871,341.
Official website here: www.thecenter.nasdaq
Who are the executives of The Nasdaq Entrepreneurial Center Inc and what are their salaries?
The average compensation at The Nasdaq Entrepreneurial Center Inc during 2023 was $103,470. There are 15 employees and 180 volunteers at The Nasdaq Entrepreneurial Center Inc.
Here are 14 key members and their salaries (The Nasdaq Entrepreneurial Center Inc's CEO's salary is $402,479 and their total compensation is $418,113):
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- Compensation: $402,479
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- Other: $15,634
- Compensation: $316,533
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- Other: $13,649
- Compensation: $117,577
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- Other: $7,516
- Compensation: $104,285
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- Other: $12,000
- Compensation: $117,577
- Related: $0
- Other: $12,000
Official website here: www.thecenter.nasdaq
Where can I find the form 990 for The Nasdaq Entrepreneurial Center Inc?
The Nasdaq Entrepreneurial Center Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thecenter.nasdaq
Learn more at the official website: www.thecenter.nasdaq
Mission Statement of The Nasdaq Entrepreneurial Center Inc
The Nasdaq Entrepreneurial Center Inc, established in 2014, serves as an independent charity with a mission to educate the public about entrepreneurship. This organization is dedicated to empowering individual entrepreneurs by providing them with valuable insights and tools that are beneficial to both the entrepreneurs and the community at large. Beyond this, The Nasdaq Entrepreneurial Center Inc is committed to fostering inclusion and enhancing access to under-represented communities in entrepreneurial endeavors. This nonprofit organization strives to educate and enable entrepreneurs worldwide to realize their full potential.
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Impact
July, 2024
The Nasdaq Entrepreneurial Center Inc delivers world-class resources and mentoring to enable every entrepreneur across the globe to realize their maximum potential. They have worked with over 75,000 entrepreneurs since 2014, with half of them being women and more than 66% persons of color. The Venture Equity Project focuses on reducing barriers for persons of color pursuing entrepreneurial dreams through research, practice, and policy interventions. The Center's work has been featured in Fortune magazine, earned a seat at the US Treasury's Freedman's Forum, and gained visibility on the Nasdaq Tower in Times Square, generating significant network effects and media impressions. They are strategically expanding their media and storytelling platform to reach a wider audience. Through quantitative analysis and policy landscape scans, the Center identifies cities with the highest support for entrepreneurs of color. Their two-year strategy activates city leaders and policy champions to support healthy entrepreneurial ecosystems and drive positive outcomes for all stakeholder groups. The Nasdaq Entrepreneurial Center's impact is substantial and far-reaching, creating opportunities and empowering underrepresented communities in entrepreneurship.
This information is meant to be a general summary of The Nasdaq Entrepreneurial Center 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 2023.
- Program Service Revenue: $38,678
- Gross Receipts: $7,871,341
Assets and Liabilities:
- Total Assets: $7,922,340
- Total Liabilities: $4,194,949
- Net Assets: $3,727,391
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT SALES
Revenue
$38,678
Organization Details
Founding Year
2014
Principal Officer
Nicola Corzine
Website
www.thecenter.nasdaqNTEE Category
Code: A50 - Arts
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