EIN 13-3408731

Network for Teaching Entrepreneurship (NFTE)

IRS 501(c) type
501(c)(3)
Num. employees
96
Year formed
1986
Most recent tax filings
2020-06
Description
Network for Teaching Entrepreneurship (nfte) is an award-winning, international nonprofit that activates the entrepreneurial mindset in young people and builds their knowledge about business startup. Students acquire the entrepreneurial mindset (e.g.,...

Program areas at NFTE

Students in nfte programs learn how to develop a business plan and how to market their business concept. Through the process of creating their own business idea, nfte students build business and academic skills, are introduced to new career paths, and learn about a wide range of jobs and occupations. They also develop their entrepreneurial mindset. Nfte students learn to think and act like entrepreneurs, demonstrating skills such as initiative and self-reliance, flexibility and adaptability, critical thinking and problem solving, communication and collaboration, creativity and innovation, opportunity recognition, and future orientation. The entrepreneurial mindset, together with the skills nfte teaches, prepares youth for college and career success. Nfte partners with schools, community groups, and youth development organizations to bring Entrepreneurship education to diverse learners. Our work focuses primarily on middle and high school students in under-resourced communities. We target public school districts with free and reduced lunch (frl) eligibility rates of 50% or more, and most of our partner schools have frl rates of 70-80%. The nfte model leverages classroom teachers to deliver the nfte curriculum. The benefit to nfte is that teachers are paid by their respective school districts. The challenge for the organization's contributors and assessors is recognizing the economic value of those teachers is excluded, in tax reporting, from the measurement of expenditures related to program efforts. The teachers are essential to meeting the organizations mission, thus the economic value ($4 million plus) must be factored into any assessment of the organization to have a true comparison with other organizations. During the fy20 program year (the 2019-2020 school year): - nfte served more than 31,000 middle and high school students across the u.s. and reached nearly 60,000 additional young people through online Entrepreneurship awareness experiences and educational programs offered through partnerships with global youth development organizations in china, ireland, india, germany, belgium, mexico, israel, and singapore. - nfte trained hundreds of educators to teach nfte courses and facilitate experiential project-based learning in the classroom. Nfte organized professional learning communities (plcs) and offered a variety of professional development opportunities, including webinars, live training sessions, and peer-to-peer coaching. - thousands of nfte's u.s. students participated in nfte business plan and pitch competitions at the local, regional and national levels, competing for prize money to launch businesses or further their educational goals. During the final quarter of fy20, when the 2019-2020 school year was profoundly disrupted by covid, nfte responded swiftly to implement a wholly virtual competition model and create new/alternative program implementation approaches, course modifications, teacher supports, and educator resources/guides. We made substantial adjustments to assist our students and teachers and we supported our school partners as they faced the challenges of a rapid transition to remote learning.

Form 990s for NFTE

Fiscal year endingDate received by IRSFormPDF link
2019-062021-01-21990View PDF
2018-062019-12-13990View PDF
2017-062018-05-14990View PDF
2016-062017-09-01990View PDF
2015-062016-04-27990View PDF
...and 4 more Form 990s

Who funds Network for Teaching Entrepreneurship (NFTE)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Nfte Endowment FundGeneral$535,000
 Subscribe to view█ ███ ████████ ████ ██████ █ █████ █ ████ █ █████ ████$999,999
 Subscribe to view███ ██████$999,999
...and 29 more grants received

Financials for NFTE

RevenuesFYE 06/2020
Total grants, contributions, etc.$10,204,592
Program services$1,246,332
Investment income and dividends$4,771
Tax-exempt bond proceeds$0
Royalty revenue$76,780
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$-3,342
Miscellaneous revenues$83,582
Total revenues$11,612,715

Personnel at NFTE

NameTitleCompensation
Dr. J.D. LarockPresident and Chief Executive Officer
Jean-Daniel LarockChief Executive Officer and President
Jim JohnstonInterim Chief Executive Officer / Senior Vice President , Operations and Engagement
 Subscribe to viewPresident and Chief Executive Officer$396,352
 Subscribe to viewVice President , Finance$0
...and 49 more key personnel

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Nonprofit Types
Issues
Characteristics
Key performance indicators
Total revenues
$11,612,715
2020
Yearly growth
27.3%
% of revenues
n/a
Total expenses
$12,308,190
2020
Yearly growth
-14.4%
% of expenses
n/a
Total assets
$7,973,370
2020
Yearly growth
8.4%
% of assets
n/a
Num. employees
96
2020
Yearly growth
-7.7%
% of total
n/a
General information
Address
120 Wall Street 18TH Floor
New York, NY 10005
Metro area
New York-Newark-Jersey City, NY-NJ-PA
Website URL
nfte.com/ 
Phone
(212) 232-3333
Facebook page
NFTE 
Twitter profile
@nfte 
IRS details
EIN
13-3408731
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1986
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
O50: Youth Development Programs, Other
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Central organization