The Nasdaq Entrepreneurial Center Inc
- Assets
- $7.9m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 12
- Location
- San Francisco, CA
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 47-1253460
Organization Overview
The Nasdaq Entrepreneurial Center Inc is located in San Francisco, CA. The organization was established in 2014. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Nasdaq Entrepreneurial Center Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nasdaq Entrepreneurial Center 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 12/2022, Nasdaq Entrepreneurial Center Inc generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $5.5m during the year ending 12/2022. While expenses have increased by 3.3% per year over the past 7 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.
Since 2021, Nasdaq Entrepreneurial Center Inc has awarded 13 individual grants totaling $1,531,031. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DELIVER WORLD-CLASS RESOURCES AND MENTORING TO ENABLE EVERY ENTREPRENEUR ACROSS THE GLOBE TO REALIZE THEIR MAXIMUM POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE'RE HONORED TO HAVE WORKED WITH OVER 75,000 ENTREPRENEURS SINCE 2014, HALF OF WHOM ARE WOMEN AND MORE THAN 66% OF WHOM ARE PERSONS OF COLOR.THE VENTURE EQUITY PROJECT IS A PROJECT THAT AIMS TO PERMANENTLY REDUCE THE BARRIERS THAT IMPEDE PERSONS OF COLOR WHO WISH TO PURSUE THEIR ENTREPRENEURIAL DREAMS. THE FIRST TWO YEARS FOSTERED INTERVENTIONS ACROSS RESEARCH, PRACTICE AND POLICY WITH RESULTS ACROSS ALL 6 CONDITIONS OF SYSTEM CHANGE (POLICIES, PRACTICES, RESOURCE FLOWS, RELATIONSHIPS & CONNECTIONS, POWER DYNAMICS, MENTAL MODELS). DOZENS OF CONVENINGS IN THE US AND UK WITH INFLUENTIAL LIMITED PARTNERS, GENERAL PARTNERS, DIVERSE FOUNDERS, AND DATA-PROVIDING ORGANIZATIONS LIKE PITCHBOOK AND GO DADDY'S VENTURE FORWARD RESULTED IN ACCELERATED SUPPORT AND THE IDENTIFICATION OF CRITICAL INTERVENTION OPPORTUNITIES AT THE INTERSECTION OF RACE, GENDER, AND GEOGRAPHY. FEATURED IN FORTUNE MAGAZINE, OUR WORK EARNED US A SEAT AT THE US TREASURY'S FREEDMAN'S FORUM, AND THE VISIBILITY GRANTED BY FEATURES ON THE NASDAQ TOWER IN TIMES SQUARE CONTINUE TO GENERATE SIGNIFICANT NETWORK EFFECT AND MEDIA IMPRESSIONS FOR BOTH THE EMERGING MANAGERS WE FEATURED AND THE PROJECT ITSELF. WE ARE STRATEGICALLY POISED TO EXPAND OUR MEDIA AND STORYTELLING PLATFORM WITH INCREASED PRECISION AND RELEVANCE. BASED ON CONVERGENT WORK FROM QUANTITATIVE ANALYSIS ON ENTREPRENEUR DATA AND POLICY LANDSCAPE SCAN WE ARE IN A UNIQUE POSITION TO USE EXISTING RESEARCH TO INFORM A MODEL TO IDENTIFY CITIES THAT SCORE THE HIGHEST IN BUILDING AN ECOSYSTEM OF SUPPORT FOR VENTURE BACKED/ASPIRING ENTREPRENEURS OF COLOR. OUR 2-YEAR STRATEGY ACTIVATES A NETWORK OF CITY LEADERS AND POLICY CHAMPIONS IN SUPPORT OF HEALTHY ENTREPRENEURIAL ECOSYSTEMS AND INSPIRES THE NEXT WAVE OF CITIES TO HAVE ACTIONABLE INSIGHTS THAT DRIVE POSITIVE OUTCOMES ACROSS ALL STAKEHOLDER GROUPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Thomas Chairman | OfficerTrustee | 2 | $0 |
Steve Bochner Member | Trustee | 2 | $0 |
John Simon Member | Trustee | 2 | $0 |
Jillian Manus Member | Trustee | 2 | $0 |
Shivani Sopory Member | Trustee | 2 | $0 |
Michelle Di Gangi Member | Trustee | 2 | $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 | $4,174,575 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,174,575 |
| Total Program Service Revenue | $77,225 |
| 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 | $4,251,800 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $997,774 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $388,238 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $294,397 |
| Compensation of current officers, directors, key employees. | $55,935 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,121,425 |
| Pension plan accruals and contributions | $15,781 |
| Other employee benefits | $63,387 |
| Payroll taxes | $82,423 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,878 |
| Fees for services: Accounting | $55,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $411,412 |
| Advertising and promotion | $0 |
| Office expenses | $7,758 |
| Information technology | $42,005 |
| Royalties | $0 |
| Occupancy | $1,123,996 |
| Travel | $73,169 |
| 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 | $429,764 |
| Insurance | $62,936 |
| All other expenses | $4,360 |
| Total functional expenses | $5,462,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,269,470 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,479,327 |
| Accounts receivable, net | $68,971 |
| 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 | $69,282 |
| Net Land, buildings, and equipment | $1,146,038 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,889,252 |
| Total assets | $7,922,340 |
| Accounts payable and accrued expenses | $708,883 |
| Grants payable | $1,157,004 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,329,062 |
| Total liabilities | $4,194,949 |
| Net assets without donor restrictions | $2,248,064 |
| Net assets with donor restrictions | $1,479,327 |
| 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 | $7,922,340 |
Grants Awarded
Over the last fiscal year, The Nasdaq Entrepreneurial Center Inc has awarded $997,774 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CAMELBACK VENTURES PURPOSE: GENERAL SUPPORT | $202,506 |
CARNEGIE MELLON UNIVERSITY PURPOSE: GENERAL SUPPORT | $150,806 |
INSTITUTE FOR ENTREPRENEURIAL LEADERSHIP PURPOSE: GENERAL SUPPORT | $112,612 |
VETSINTECH PURPOSE: GENERAL SUPPORT | $81,900 |
OPEN COLLECTIVE PURPOSE: GENERAL SUPPORT | $97,650 |
STANFORD UNIVERSITY PURPOSE: GENERAL SUPPORT | $150,019 |