Institute For Entrepreneurial Leadership Inc
- Assets
- $5.0m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 20
- Location
- Newark, NJ
- Founding
- 10/2003
- Data as of
- 12/2023
- EIN
- 04-3660900
Organization Overview
Institute For Entrepreneurial Leadership Inc is located in Newark, NJ. The organization was established in 2003. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Institute For Entrepreneurial Leadership Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Entrepreneurial Leadership Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Institute For Entrepreneurial Leadership Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 31.5% each year . All expenses for the organization totaled $2.9m during the year ending 12/2023. While expenses have increased by 29.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO ERADICATE THE SYSTEMIC BARRIERS TO ENTREPRENEURIAL SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RELATIONSHIP CAPITAL CONNECTIONS - THROUGH OUR CREATING CONSCIOUS COLLISIONS EVENTS WOCCON SUMMIT AND OTHER ENGAGEMENT PLATFORMS WE BRING INVESTORS EXECUTIVES ALLIES AND POLICYMAKERS TOGETHER WITH THE AIM OF LEVERAGING OUR COLLECTIVE ENERGY AND RESOURCES TO OPEN MORE DOORS FOR MORE ENTREPRENEURS WHO STRUGGLE WITH GETTING ACCESS TO CAPITAL AND OTHER RESOURCES. LEARN MORE AT WWW.WOCCON.ORG
SMALL BUSINESS CAPACITY-BUILDING - CAPITAL-STARVED BUSINESS OWNERS DO NOT HAVE THE FINANCIAL RESOURCES TO OBTAIN THE EXPERTISE NEEDED TO START AND GROW SUCCESSFULLY. IN ADDITION WE KNOW THAT MANY PEOPLE ARE LOOKING FOR WAYS TO MAKE A DIFFERENCE IN THE WORLD. THROUGH OUR SMALL BUSINESSES NEED US INITIATIVE WE ENGAGE BUSINESS PROFESSIONALS IN SKILLS-BASED VOLUNTEERISM TO PROVIDE HIGH-TOUCH HANDS-ON SUPPORT THROUGH OUR TURNKEY SMALL BUSINESS CAPACITY-BUILDING SYSTEM. LEARN MORE AT WWW.SMALLBUSINESSESNEEDUS.ORG.
INVESTOR INCLUSION - MORE DIVERSITY AMONG CHECK WRITERS WILL LEAD TO GREATER DIVERSITY OF ENTREPRENEURS RECEIVING FUNDING ESPECIALLY AT THE EARLIEST STAGES. THROUGH OUR INVESTOR INCLUSION WORK WE FOCUS ON BUILDING AWARENESS ABOUT ANGEL INVESTING AND PROVIDING TRAINING AND EXPERIENTIAL LEARNING OPPORTUNITIES FOR ACCREDITED INVESTORS. LEARN MORE AT MAKINGBLACKANGELS.ORG AND PIPELINEANGELS.COM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Bailin Chairman | Trustee | 1 | $0 |
Pasquale Nocito Treasurer | Trustee | 1 | $0 |
Stephen White Board Member | Trustee | 1 | $0 |
Jill Johnson Chief Executive Officer | Officer | 40 | $312,500 |
Zoe Bogan Director | Trustee | 1 | $0 |
Tom Reynolds Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,502,198 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,502,198 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,502,198 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $308,324 |
| Compensation of current officers, directors, key employees. | $61,665 |
| Compensation to disqualified persons | $1,587,166 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $634,919 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $52,679 |
| Office expenses | $4,452 |
| Information technology | $51,478 |
| Royalties | $0 |
| Occupancy | $134,022 |
| Travel | $131,027 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,115 |
| All other expenses | $0 |
| Total functional expenses | $2,937,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,271,505 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,406 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $34,976 |
| Net Land, buildings, and equipment | $6,210 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,420,000 |
| Intangible assets | $0 |
| Other assets | $147,261 |
| Total assets | $4,961,358 |
| Accounts payable and accrued expenses | $1,098,886 |
| Grants payable | $0 |
| Deferred revenue | $1,489,640 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $81,270 |
| Unsecured mortgages and notes payable | $2,245 |
| Other liabilities | $141,148 |
| Total liabilities | $2,813,189 |
| Net assets without donor restrictions | $1,898,170 |
| Net assets with donor restrictions | $249,999 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,961,358 |