Nfte Endowment Fund Inc

Organization Overview

Nfte Endowment Fund Inc is located in New York, NY. The organization was established in 2006. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nfte Endowment Fund 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 06/2021, Nfte Endowment Fund Inc generated $693.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $772.5k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

NFTE ENDOWMENT FUND, INC. IS A SUPPORTING ORGANIZATION FORMED FOR THE BENEFIT OF THE NETWORK FOR TEACHING ENTREPRENEURSHIP, A RELATED 501(C)(3) ORGANIZATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION MADE A DISTRIBUTION TO NETWORK FOR TEACHING ENTREPRENEURSHIP (A RELATED 501(C)(3) ORGANIZATION).


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Board, Officers & Key Employees

Name (title)Compensation
Landon Hilliard
Chair (thru 6/30/2021)
$0
Dr Jean-Daniel Larock
Ceo/president
$0
Mary Radford
Treasurer
$0
David Spreng
Director
$0
Tucker York
Director
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $153,092
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $540,102
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $693,194

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Nfte Endowment Fund Inc has recieved totaling $5,000.

Awarding OrganizationAmount
Coghill Family Foundation

Springfield, IL

PURPOSE: EDUCATION SUPPORT AND AWARENESS

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$11,650,421
Earnings$3,550,587
Other Expense$772,455
Ending Balance$14,428,553

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