Global Entrepreneur In Residence Coalition Inc
- Assets
- $4.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Red Bank, NJ
- Founding
- 12/2015
- Data as of
- 12/2021
- EIN
- 47-4081715
Organization Overview
Global Entrepreneur In Residence Coalition Inc is located in Red Bank, NJ. The organization was established in 2015. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Entrepreneur In Residence Coalition 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 12/2021, Global Entrepreneur In Residence Coalition Inc generated $93.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $102.1k during the year ending 12/2021. While expenses have increased by 5.4% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
GLOBAL ENTREPRENEUR IN RESIDENCE COALITION HAS GROWN TO A NETWORK OF 2 CITIES RUNNING GLOBAL ENTREPRENEUR IN RESIDENCE PROGRAMS THAT HAVE HELPED MORE THAN 100 FOUNDERS SUCCESSFULLY APPLY FOR VISAS TO BUILD THEIR BUSINESSES, RAISE $1.5 BILLION IN PRIVATE CAPITAL, AND CREATE MORE THAN 2,500 JOBS IN AREAS ACROSS THE UNITED STATES RANGING FROM ANCHORAGE, ALASKA, TO BOSTON, MASSACHUSETTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Montuori Executive Director/secretary | 40 | $87,000 | |
Christopher Nicholson Operations And Policy/treasurer | 1 | $0 | |
Jeff Bussgang President | 1 | $0 | |
Laura Nelson Director | 1 | $0 | |
Shiza Shahid Director | 1 | $0 | |
Nick Sinai Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,208 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $93,208 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $87,000 |
| Professional fees and other payments to independent contractors | $10,123 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $132 |
| Other expenses | $4,808 |
| Total expenses | $102,063 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,417 |
| Other assets | $0 |
| Total assets | $3,998 |
| Total liabilities | $0 |
| Net assets or fund balances | $3,998 |
Grants Awarded
Over the last fiscal year, Global Entrepreneur In Residence Coalition Inc has awarded $75,110 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ALASKA ANCHORAGE BUSINESS ENTERPRISE INSTITUTE PURPOSE: LAUNCH GLOBAL EIR ANCHORAGE | $25,100 |
SAN JOSE STATE UNIVERSITY SILICON VALLEY ENTREPRENEURSHIP CENTER PURPOSE: LAUNCH GLOBAL EIR SAN JOSE | $50,010 |