2026-04-21T14:11:52+00:00 2025-06-30 135381590 BDO USA 200 PARK AVE 38TH FLOOR NEW YORK NY 10166 990 2024-07-01 133408731 NETWORK FOR TEACHING ENTREPRENEURSHIP NETW 2122323333 120 WALL STREET 18TH FLOOR NEW YORK NY 10005 DR JEAN-DANIEL LAROCK CEO/PRESIDENT 2122323333 2026-04-21 true CHRISTINA PATTEN P01972759 2128858000 2026-04-14 2024 2025-03-06 01:10:19Z DR JEAN-DANIEL LAROCK 120 WALL STREET 18TH FLOOR NEW YORK NY 10005 10267090 false X WWW.NFTE.COM X 1986 NY TO PROVIDE EDUCATIONAL PROGRAMS, ACTIVATE ENTREPRENEURIAL MINDSET AND TEACH BUSINESS/ACADEMIC SKILLS TO YOUTH IN UNDER-RESOURCED COMMUNITIES, INCREASING COLLEGE/CAREER READINESS. 18 18 85 2305 0 11887584 7129801 2280411 2322752 199254 254613 382572 192733 14749821 9899899 309671 285272 0 0 8609543 8188372 0 0 1936241 4913284 4876266 13832498 13349910 917323 -3450011 13318188 11784536 2261685 4178044 11056503 7606492 NETWORK FOR TEACHING ENTREPRENEURSHIP ("NFTE") IS A GLOBAL EDUCATIONAL NONPROFIT THAT PROVIDES HIGH-QUALITY ENTREPRENEURSHIP EDUCATION TO MIDDLE AND HIGH SCHOOL STUDENTS FROM UNDER-RESOURCED COMMUNITIES AS WELL AS ENTREPRENEURSHIP PROGRAMS FOR COLLEGE STUDENTS AND ADULT LEARNERS. SINCE OUR FOUNDING, WE HAVE EDUCATED MORE THAN A MILLION STUDENTS THROUGH IN-SCHOOL, OUT-OF-SCHOOL, COLLEGE, AND SUMMER CAMP PROGRAMS, OFFERED BOTH IN PERSON AND ONLINE. false false 9270231 285272 2322752 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 ORGANIZATION'S MISSION, THUS THE ECONOMIC VALUE MUST BE FACTORED INTO ANY ASSESSMENT OF THE ORGANIZATION TO HAVE A TRUE COMPARISON WITH OTHER ORGANIZATIONS. NOTE - CONSISTENT WITH IRS FORM 990 INSTRUCTIONS, PART III, LINE 4A, EXPENSES AND REVENUE DO NOT INCLUDE DONATED SERVICES OF 131,615 CLASSROOM HOURS THAT THE ORGANIZATION TAUGHT BY VOLUNTEER TEACHERS HAVING AN ESTIMATED VALUE OF $6,677,616. 9270231 true true false false false false false false false false true false false true true true false true false false true false true false true false false false true true false false false false false false false false false false false false false false false true true true false false true 174 0 true 85 true false false false false false true true false false false false false false X 18 18 false false false false false false false true true false false false true true true true true true true false false false CA CT FL GA AL IL KS KY ME AK MD MA MI MN MS MO NH NJ NM NY NC OH OK OR PA AZ RI SC TN TX VA AR WA WV WI X X MARY RADFORD 2122323333 120 WALL STREET 18TH FLOOR NEW YORK NY 10005 KYLE GARMAN VICE CHAIR 2.0 0 X X 0 0 0 MICHAEL KASCMAR CHAIR 2.0 0 X X 0 0 0 ALEX RAPPAPORT DIRECTOR, AS OF 1/30/25 2.0 0 X 0 0 0 ALEXIS JEFFRIES DIRECTOR 2.0 0 X 0 0 0 ANTHONY SALCITO DIRECTOR 2.0 0 X 0 0 0 CARLA THOMPSON PAYTON DIRECTOR 2.0 0 X 0 0 0 CAROL FULP DIRECTOR, THRU 11/18/24 2.0 0 X 0 0 0 CHUCK JACOBSON DIRECTOR 2.0 0 X 0 0 0 DAVID WELLISCH DIRECTOR 2.0 0 X 0 0 0 JEAN EDDY DIRECTOR 2.0 0 X 0 0 0 KENNETH M JONES DIRECTOR 2.0 0 X 0 0 0 LATOYA ROWELL DIRECTOR 2.0 0 X 0 0 0 LAWRENCE GENNARI DIRECTOR 2.0 0 X 0 0 0 NAVEEN NALLAPPA DIRECTOR, AS OF 9/9/24 2.0 0 X 0 0 0 PAMELA CODISPOTI HABNER DIRECTOR 2.0 0 X 0 0 0 PATRICIA ALPER DIRECTOR 2.0 0 X 0 0 0 SANDRA ROSA DIRECTOR 2.0 0 X 0 0 0 TONY FRAZIER DIRECTOR 2.0 0 X 0 0 0 TUCKER YORK DIRECTOR 2.0 2.0 X 0 0 0 DR JEAN-DANIEL LAROCK CEO/PRESIDENT 50.0 2.0 X 688238 0 62932 MARY RADFORD CHIEF FINANCIAL OFFICER 50.0 2.0 X 323845 0 19461 JANE WALSH CHIEF ADVANCE OFFICER 50.0 0 X 265101 0 9062 JACQUES BRIGNOLLE PROGRAM DIRECTOR, SOUTHEAST 50.0 0 X 146873 0 33450 JASON DELGATTO VP CURRICULUM & RESEARCH 50.0 0 X 156209 0 30428 JEANNINE SCHLOSS CHIEF PROGRAM OFFICER 50.0 0 X 212112 0 42921 RON JACOBS DIRECTOR OF IT 50.0 0 X 148667 0 12920 SCOTT NASATIR EXECUTIVE DIRECTOR - MIDWEST 50.0 0 X 150005 0 2806 2091050 0 213980 30 false true false THE TASC GROUP LLC 1239 BROADWAY SUITE 1508 NEW YORK NY 10001 CONSULTING SERVICES 202650 STRATEGOS PUBLIC AFFAIRS LLC 4320 W KENNEDY BLVD SUITE 200 TAMPA FL 33609 CONSULTING SERVICES 128892 VENABLE LLP PO BOX 62727 BALTIMORE MD 21264 CONSULTING SERVICES 126617 LEGEND PRODUCTIONS 1 BRIDGE STREET SUITE 5 IRVINGTON NY 10533 CONSULTING SERVICES 122407 GOOD CAUSE CONSULTING INC 6204 FAIRMOUNT AVENUE DOWNERS GROVE IL 60516 CONSULTING SERVICES 116876 6 116262 648000 6365539 7129801 CONTRACT SERVICES 900099 2215075 2215075 0 0 LICENSE FEES 900099 107677 107677 0 0 0 0 0 0 2322752 253732 0 0 253732 220247 0 0 220247 0 0 881 0 881 0 881 0 0 881 289310 116262 367191 -77881 0 -77881 MISCELLANEOUS INCOME 900099 50367 0 0 50367 0 0 0 0 50367 9899899 2322752 0 447346 269532 269532 15740 15740 0 0 1369860 993652 170973 205235 5579729 4047357 696408 835964 108983 79053 13602 16328 581676 421929 72599 87148 548124 397591 68412 82121 62871 0 62871 0 115004 0 115004 0 1262366 425436 446384 390546 76639 70091 833 5715 131289 74160 45654 11475 249612 199690 24961 24961 533328 318766 169908 44654 426663 277189 130708 18766 188440 11632 1394 175414 14259 1598 12661 0 153808 123046 15381 15381 STUDENTS' EXPENSES 1026636 1026636 0 0 PUBLICATIONS & SUBSCRIPTIONS 285276 266436 7927 10913 TEACHERS' EXPENSES 197537 197537 0 0 EQUIP. FURNITURE & FIXTURES 54559 13800 40759 0 97979 39360 46999 11620 13349910 9270231 2143438 1936241 1831744 807488 4044078 5314944 6126334 2174025 563159 460760 0 0 0 0 1512 1512 274193 449676 2966520 2820062 9511 146458 29492 3138 0 0 438165 2426535 13318188 11784536 1742762 1510147 0 0 518923 2667897 2261685 4178044 X 8141996 5795992 2914507 1810500 11056503 7606492 13318188 11784536 -3450011 0 X false true true false X 10614048 11576818 9561370 11887584 7129801 50769621 0 0 10614048 11576818 9561370 11887584 7129801 50769621 6629687 44139934 105609 162352 313296 510142 473979 1565378 0 134493 100298 96614 74168 50367 455940 52790939 10025346 0.83613 0.7971 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - MISCELLANEOUS, COLUMN A - 134493.0, COLUMN B - 100298.0, COLUMN C - 96614.0, COLUMN D - 74168.0, COLUMN E - 50367.0, COLUMN F - 455940.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 326767 276813 49954 791843 791843 0 1847910 1751406 96504 146458 OPERATING LEASE RIGHT-OF-USE ASSETS 2424412 EMPLOYEE AND TEACHER ADVANCES 1168 SECURITY DEPOSITS 955 2426535 Federal Income Taxes OPERATING LEASE PAYABLE 2667897 2667897 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE ORGANIZATION FOLLOWS THE PROVISIONS OF U.S. GAAP, WHICH STATE THAT AN ORGANIZATION MUST RECOGNIZE THE TAX LIABILITY ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. THE ORGANIZATION DOES NOT BELIEVE IT HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECORDED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. ADDITIONALLY, THE ORGANIZATION HAS FILED IRS FORM 990 INFORMATION RETURNS, AS REQUIRED, AND ALL OTHER APPLICABLE RETURNS IN JURISDICTIONS WHERE SO REQUIRED. true Europe (Including Iceland and Greenland) 0 0 Program Services BUSINESS DEVELOPMENT 240460 Middle East and North Africa 0 0 Grantmaking 4600 South Asia 0 0 Grantmaking 3860 North America (Canada & Mexico only) 0 0 Grantmaking 1500 Russia and Neighboring States 0 0 Grantmaking 1500 East Asia and the Pacific 0 0 Grantmaking 1180 Central America and the Caribbean 0 0 Grantmaking 600 Europe (Including Iceland and Greenland) 0 0 Grantmaking 2500 0 0 0 0 0 0 256200 0 256200 WORLD SERIES OF INNOVATION North America (Canada & Mexico only) 3 1500 WIRE WORLD SERIES OF INNOVATION South Asia 5 3860 WIRE WORLD SERIES OF INNOVATION Middle East and North Africa 2 2100 WIRE WORLD SERIES OF INNOVATION East Asia and the Pacific 3 1180 WIRE WORLD SERIES OF INNOVATION Central America and the Caribbean 1 600 WIRE WORLD SERIES OF INNOVATION Russia and Neighboring States 1 1500 WIRE Innovation Day Europe (Including Iceland and Greenland) 1 2500 WIRE Palestine partner Middle East and North Africa 1 2500 WIRE true false false false false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds ALL POTENTIAL GRANTEE ORGANIZATIONS AND THEIR PROGRAMS ARE ASSESSED BY A NFTE PROGRAM OFFICER WHO DISCUSSES THE PROPOSED WORK WITH THE PROSPECTIVE GRANTEE AND DETERMINES THE ORGANIZATION'S CAPACITY TO UNDERTAKE IT. ALL PROPOSED GRANTS AND WRITTEN SUBMISSIONS BY PROSPECTIVE GRANTEES UNDERGO REVIEW. NFTE ESTABLISHES A RANGE OF GRANT CONDITIONS AS OUTLINED IN LICENSEE AGREEMENT THAT IS SIGNED BY NFTE AND THE LICENSEE (GRANTEE). GRANTEES ARE REQUIRED TO SUBMIT A REPORT THAT IS REVIEWED BY A PROGRAM OFFICER FOR COMPLIANCE WITH THE TERMS OF THE LICENSEE AGREEMENT AND ALL ASSOCIATED GRANTS. NFTE MAINTAINS FINANCIAL RECORDS SUBSTANTIATING GRANT AND ASSISTANCE AMOUNTS. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; RUSSIA AND NEIGHBORING STATES-Accrual; SOUTH ASIA-Accrual GALA 295873 93750 202123 326391 GOLF TOURNAMENT 109699 22512 87187 40800 0 405572 116262 289310 367191 367191 -77881 true STUDENT-PRIZES/AWARDS 174 151711 0 0 0 STUDENT-VENTURE & OTHER FUNDS 269 97917 0 0 0 STUDENT-SCHOLARSHIPS 6 12000 0 0 0 TEACHER PRIZES & AWARDS 20 7904 0 0 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds BUSINESS PLAN COMPETITION WINNERS RECEIVE SCHOLARSHIPS AS PART OF THEIR PRIZES. THESE PAYMENTS ARE GENERALLY DIRECTED TO ACADEMIC INSTITUTIONS. X X X X false true false false false false false true false DR JEAN-DANIEL LAROCK CEO/PRESIDENT 594542 0 93000 0 696 0 38626 0 24306 0 751170 0 0 0 MARY RADFORD CHIEF FINANCIAL OFFICER 307311 0 15838 0 696 0 9680 0 9781 0 343306 0 0 0 JANE WALSH CHIEF ADVANCE OFFICER 217387 0 47250 0 464 0 7925 0 1137 0 274163 0 0 0 JEANNINE SCHLOSS CHIEF PROGRAM OFFICER 211656 0 0 0 456 0 5795 0 37126 0 255033 0 0 0 JASON DELGATTO VP CURRICULUM & RESEARCH 155909 0 0 0 300 0 3132 0 27296 0 186637 0 0 0 JACQUES BRIGNOLLE PROGRAM DIRECTOR, SOUTHEAST 146417 0 0 0 456 0 1492 0 31958 0 180323 0 0 0 RON JACOBS DIRECTOR OF IT 148391 0 0 0 276 0 4444 0 8476 0 161587 0 0 0 SCOTT NASATIR EXECUTIVE DIRECTOR - MIDWEST 149573 0 0 0 432 0 0 0 2806 0 152811 0 0 0 Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan DURING THE TAX YAER, JEAN-DANIEL LAROCK RECEIVED $30,000 FROM A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN, a plan described in section 457(f) and a split-dollar life insurance plan. Schedule J, Part I, Line 7 Non-fixed payments SCHEDULE J, PART II, COLUMN (B)(II) REPORTS DISCRETIONARY INCENTIVE AMOUNT THAT WERE APPROVED BY THE BOARD BASED UPON PERFORMANCE. Form 990, Part VI, Line 11b Review of form 990 by governing body THE INITIAL DRAFT RETURN IS REVIEWED BY THE CFO AND THE DIRECTOR OF FINANCE, WHO COMPARE THE RETURN TO THE AUDITED FINANCIAL REPORT. THE RESULTS ARE COMMUNICATED WITH OUR RETURN PREPARERS WHO HAVE A CHANCE TO AGREE WITH OR CLARIFY WHY POSITIONS WERE TAKEN. IF QUESTIONS ARE FORTH COMING, THEY ARE RESOLVED AND A FINAL RETURN IS SUBMITTED TO MANAGEMENT AND AUDIT COMMITTEE AS WELL AS THE ENTIRE BOARD, SIGNED BY MANAGEMENT, AND FILED WITH IRS. Form 990, Part VI, Line 12c Conflict of interest policy EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL SIGN A STATEMENT ANNUALLY OR UPON APPOINTMENT WHICH AFFIRMS SUCH PERSON : A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, B) HAS READ AND UNDERSTANDS THE POLICY, C) HAS AGREED TO COMPLY WITH THE POLICY, AND D) UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. Form 990, Part VI, Line 15a Process to establish compensation of top management official TYPICALLY, EACH YEAR, EMPLOYEES' BASE SALARIES ARE REVIEWED FOR POSSIBLE SALARY ADJUSTMENTS. THE PERCENTAGE OF THE ADJUSTMENT, IF ANY, IS DEPENDENT ON MANY FACTORS INCLUDING, BUT NOT LIMITED TO, MARKET CONDITIONS, INTERNAL AND EXTERNAL COMPETITIVENESS, PERFORMANCE OF BOTH THE EMPLOYEE AND THE ORGANIZATION, AND HOW LONG THE EMPLOYEE HAS BEEN IN THEIR CURRENT POSITION AND WITH THE COMPANY. THE ORGANIZATION PERIODICALLY ENGAGES AN OUTSIDE COMPENSATION CONSULTANT IN CONJUNCTION WITH THE HR DEPARTMENT TO REVIEW AND COMPARE COMPENSATION ACROSS ALL TITLES, AND TO ESTABLISH SALARY BANDS FOR EACH POSITION. IN DETERMINING COMPENSATION FOR THE PRESIDENT/CEO, THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS ESTABLISHES ANNUAL GOALS AND REVIEWS PERFORMANCE AGAINST THOSE GOALS AND REVIEWS COMPARABLE COMPENSATION FROM OTHER SIMILAR ORGANIZATIONS. THE DECISION IS DOCUMENTED AND FILED IN THE PERSONNEL FILE. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS CONSOLIDATED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON ITS OWN WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. NFTE ENDOWMENT FUND INC 120 WALL STREET 18TH FLOOR NEW YORK NY 10005 270135465 SUPPORT NY 501(c)(3) Type II NFTE true MA HIGHER EDU ASSIST CORP DBA ASA 33 ARCH STREET 2100 BOSTON MA 02110 042254705 HIGHER EDU MA 501(c)(3) Type II NA false false false true false false false false false false false false true true true true false false false false NFTE ENDOWMENT FUND INC C 648000 COST