EIN 13-3408731

Network for Teaching Entrepreneurship (NFTE)

IRS 501(c) type
501(c)(3)
Num. employees
83
Year formed
1986
Most recent tax filings
2023-06-01
NTEE code, primary
Description
NFTE provides entrepreneurship education to under-resourced middle & high school students and college programs, activating the entrepreneurial mindset and increasing college/career readiness.
Total revenues
$12,144,131
2023
Total expenses
$12,129,981
2023
Total assets
$12,521,146
2023
Num. employees
83
2023

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 organization's mission, thus the economic value must be factored into any assessment of the organization to have a true comparison with other organizations.

Who funds Network for Teaching Entrepreneurship (NFTE)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Citi FoundationOwn Your Future Initiative$1,500,000
Nfte Endowment FundGeneral$635,000
The Blackbaud Giving FundGeneral Support$360,000
...and 61 more grants received totalling $5,357,212

Personnel at NFTE

NameTitle
J.d. LarockPresident and Chief Executive Officer , Nfte
Jennifer FayChief of Staff
Meg StewartExecutive Director , Capital
Tim BlaylockExecutive Director, West
Marie McCabeDirector of Finance
...and 29 more key personnel

Financials for NFTE

RevenuesFYE 06/2023
Total grants, contributions, etc.$9,561,370
Program services$2,167,215
Investment income and dividends$98,278
Tax-exempt bond proceeds$0
Royalty revenue$215,018
Net rental income$0
Net gain from sale of non-inventory assets$477
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$5,160
Miscellaneous revenues$96,613
Total revenues$12,144,131

Form 990s for NFTE

Fiscal year endingDate received by IRSFormPDF link
2023-062024-04-04990View PDF
2022-062023-05-10990View PDF
2021-062022-05-11990View PDF
2020-062021-05-20990View PDF
2019-062021-01-21990View PDF
...and 8 more Form 990s

Organizations like NFTE

OrganizationLocationRevenue
Girls Who CodeNew York, NY$27,137,820
College PossibleSaint Paul, MN$24,598,991
OneGoalChicago, IL$46,499,926
SteppingstoneBoston, MA$16,364,119
Fulfillment FundLos Angeles, CA$6,532,887
Higher Achievement ProgramWashington, DC$7,738,858
Us Dream AcademySilver Spring, MD$4,347,297
Communities in Schools of North Texas (CISNT)Lewisville, TX$7,301,080
Communities in Schools of the Dallas Region (CISDR)Dallas, TX$12,139,498
Midtown Educational Foundation (MEF)Chicago, IL$3,318,924
Data update history
May 17, 2024
Used new vendors
Identified 1 new vendor, including
April 5, 2024
Updated personnel
Identified 37 new personnel
April 5, 2024
Used new vendors
Identified 1 new vendor, including
January 29, 2024
Updated personnel
Identified 38 new personnel
January 3, 2024
Received grants
Identified 33 new grant, including a grant for $1,500,000 from Citi Foundation
Nonprofit Types
SchoolsEducational service providersHeadquarter / parent organizationsCharities
Issues
EducationHuman servicesChildren
Characteristics
Fundraising eventsOperates internationallyNational levelReceives government fundingCommunity engagement / volunteeringGala fundraisersFundraising races, competitions, and tournamentsTax deductible donations
General information
Address
120 Wall St 18th Floor
New York, NY 10005
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
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
B90: Educational Services
NAICS code, primary
611710: Educational Support Services
Parent/child status
Central organization
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