NFTE ENDOWMENT FUND INC

Address
120 WALL STREET 18TH FLOOR
NEW YORK, NY 10005
Contact
Website: http://www.nfte.com
Phone: +1 (212) 232-3333
Nonprofit
NTEE: P11 - Single Organization Support
EIN: 27-0135465

Mission

NFTE ENDOWMENT FUND, INC. IS A SUPPORTING ORGANIZATION FORMED FOR THE BENEFIT OF THE NETWORK FOR TEACHING ENTREPRENEURSHIP (NFTE). THE ORGANIZATION WILL INVEST ITS ASSETS AND PAY OVER TO NFTE ANY OR ALL THE INCOME IN ACCORDANCE WITH ITS DISTRIBUTION POLICY AND AT THE DISCRETION OF THE BOARD OF DIRECTORS. PAYMENTS BY THE ORGANIZATION CAN ONLY BE MADE TO NFTE OR FOR NFTE'S BENEFIT.
 20172015201420132012
Basic features of the organization
Year of formation2005
Subsection code03
PF filing required0    
Metropolitan statistical area5602
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$0.00    
Sum of reportable (W2/1099) compensation$0.00    
Number of employees0    
Number of people compensated >$100k0    
Number of volunteers3    
Number of highly compensated contractors0    
Personnel
Boni, Peter
TitleDIRECTOR    
Name of key/compensated personPETER BONI    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.0    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Average hours per week working for related orgs2.0    
Brover, Howard
TitleVP OF FINANCE and information    
Name of key/compensated personHOWARD BROVER    
Position of compensated person
Average hours per week working for org1.0    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$40,600.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $155,850.00    
Average hours per week working for related orgs50.0    
Hilliard, Landon
TitleBOARD CHAIRMAN    
Name of key/compensated personLANDON HILLIARD    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org2.0    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Average hours per week working for related orgs0.0    
Osborne, Shawn
TitlePRESIDENT & CEO    
Name of key/compensated personSHAWN OSBORNE    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.0    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$77,637.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $380,832.00    
Average hours per week working for related orgs50.0    
York, Tucker
TitleDIRECTOR    
Name of key/compensated personTUCKER YORK    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.0    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Average hours per week working for related orgs2.0    
Purpose: mission, activities, & accomplishments
Mission or significant activitiesNFTE ENDOWMENT FUND, INC. IS A SUPPORTING ORGANIZATION FORMED FOR THE BENEFIT OF THE NETWORK FOR TEACHING ENTREPRENEURSHIP, A RELATED 501(C)(3) ORGANIZATION.    
Program service expenses, total$433,000.00    
Programs, including revenue & expenses
THE ORGANIZATION MADE A DISTRIBUTION TO NETWORK FOR TEACHING ENTREPRENEURSHIP (A RELATED 501(c)(3) ORGANIZATION).
Program expenses$433,000.00    
Grants and allocations made$433,000.00    
Program descriptionTHE ORGANIZATION MADE A DISTRIBUTION TO NETWORK FOR TEACHING ENTREPRENEURSHIP (A RELATED 501(c)(3) ORGANIZATION).    
Financial data
Revenue
Total revenue$685,940.00    
Revenue from contributions (total)$0.00$0.00$0.00$262,756.00$1,782.00
Investment income, current yr$685,940.00    
Total revenue from grants, etc., current yr$0.00    
Total unrelated business revenue$0.00    
Other revenue, current yr$0.00    
Program service revenue (total)$0.00$0.00$0.00$0.00$0.00
Gross receipts$1,610,837.00    
Other types of revenue
Royalties (total)$0.00    
Miscellaneous revenue (total)$0.00    
Net revenue from gaming (total)$0.00    
Income from dividends, interest, and similar investments$180,263.00    
Net rental income$0.00$0.00$0.00$0.00$0.00
Net income from fundraising events$0.00    
Net inventory sales (total)$0.00    
Expense categories (totals)
Total functional expenses: sum of all$454,366.00    
Total functional expenses: program service $433,000.00    
Total functional expenses: management and general$21,366.00    
Total functional expenses: fundraising$0.00    
Fees for services
Lobbying fees (total)$0.00    
Legal fees (total)$0.00    
Fundraising service fees (total)$0.00    
General management fees (total)$0.00    
Investment management fees (total)$0.00    
Assets and liabilities
Total assets$11,943,310.00$10,291,168.00$10,469,840.00$9,483,597.00$8,778,662.00
Total assets, beginning of year$10,911,218.00    
Total liabilities$0.00$3,400.00$11,324.00$17,799.00$48,178.00
Total liabilities, beginning of year$21,211.00    
Pledges & accounts receivable, net$0.00    
Loans & receivables from key persons$0.00    
Unrestricted net assets, end of yr-$750,482.00    
Temporarily restricted net assets$1,961,201.00    
Permanently restricted net assets, end of yr$10,732,591.00    
Net assets$11,943,310.00    
Net assets, beginning of year$10,890,007.00    
Other liabilities$0.00    
Bond liabilities$0.00    
Intangible assets$0.00    
Other assets$0.00    
Investments: other securities$49,049.00    
Investments: publicly traded securities$11,135,641.00    
Cash: non-interest bearing$0.00    
Cash: non-interest bearing, beginning of year$0.00    
Investments -- program-related$0.00    
Escrow or custodial account liability$0.00    
Loans and other payables to key persons$0.00    
Grants payable$0.00    
Inventories for sale or use$0.00    
Other financial variables
Revenue less expenses$231,574.00    
Advertising (total)$0.00    
Savings & temp cash investment$758,620.00    
Accounts receivable, net$0.00    
Prepaid expenses & deferred charges$0.00    
Accounts payable & accrued expenses$0.00    
Deferred revenue$0.00    
Unsecured notes & loans to unrelated parties$0.00    
Secured mortgages and notes payable$0.00    
Total net assets or fund balances$11,943,310.00    
Depreciation, depletion, amortization$0.00    
Payment to affiliates$0.00    
Governance and accountability
Number of voting members4    
Number of independent voting members3    
Financial sheets auditedTrue    
Audit on consolidated basisTrue    
Accrual accountingTrue    
Tax year start date2016-07-01    
Tax year end date2017-06-012015-06-012014-06-012013-06-012012-06-01
Indicators for schedules (selected)
Grants to domestic org/gov't >$5kTrue    
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990    
Date e-filing submitted2018-05-04    
IRS schema version2016v3.1    
Filing identifier201831059349300618    
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