Global Entrepreneurship Network Inc
- Assets
- $5.3m
- Revenue
- $12.3m
- Investments
- $0.0
- Employees
- 10
- Location
- Arlington, VA
- Founding
- 11/2001
- Data as of
- 12/2022
- EIN
- 52-2315929
Organization Overview
Global Entrepreneurship Network Inc is located in Arlington, VA. The organization was established in 2001. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Global Entrepreneurship Network Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Entrepreneurship Network 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, Global Entrepreneurship Network Inc generated $12.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $12.0m during the year ending 12/2022. While expenses have increased by 17.0% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE GLOBAL ENTREPRENEURSHIP NETWORK OPERATES PROGRAMS IN 180 COUNTRIES AIMED AT MAKING IT EASIER FOR ANYONE, ANYWHERE TO START AND SCALE A BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SMALL BUSINESS GRANT PROGRAM - PROMPTED BY A GLOBAL PANDEMIC FORCING SO MANY BUSINESSES TO CLOSE, THE GLOBAL ENTREPRENEURSHIP NETWORK IMMEDIATELY GOT TO WORK FINDING WAYS TO QUICKLY GET FINANCIAL HELP DIRECTLY INTO THE HANDS OF ENTREPRENEURS. THANKS TO PARTNERSHIPS WITH HELLO ALICE, ANTARES CAPITAL, EXELON BGE, ETSY UPLIFT FUND, FEDEX, KKR, MASTERCARD AND SONOMA COUNTY ALLIANCE DONORS, GEN WAS ABLE TO SEND NEARLY 7 MILLION IN GRANTS TO ENTREPRENEURS FROM COMMUNITIES IN BOTH THE UNITED STATES AND OVERSEAS.
EQUITABLE ACCESS PROGRAM - GEN AND PARTNER HELLO ALICE'S COMMITMENT TO ENSURING THAT ALL ENTREPRENEURS AND SMALL BUSINESS OWNERS HAVE ACCESS TO THE CAPITAL THEY NEED TO GROW THE SUSTAINABLE BUSINESSES THAT POWER THEIR COMMUNITIES AND ECONOMIES. THE PROGRAM PROVIDES INCREASED CREDIT ACCESS AND FINANCIAL EDUCATION TO HIGH-POTENTIAL UNDERSERVED ENTREPRENEURS WITH CREDIT CHALLENGES. THE PROGRAM IS RUN BY GEN AND HELLO ALICE WITH KEY PARTNERS INCLUDING WELLS FARGO, JPMORGAN CHASE, MASTERCARD, AND THE KAUFFMAN FOUNDATION.
GEN ACCELERATES: GEN ACCELERATES IS A CLOUD-BASED PLATFORM THAT PROVIDES CAPACITY-BUILDING PROGRAMMING TO ACCELERATE THE GROWTH OF NASCENT ENTREPRENEURS AS THEY START OR SCALE A COMPANY. IT ALSO STRENGTHENS AND GROWS LOCAL, NATIONAL AND REGIONAL ENTREPRENEURSHIP ECOSYSTEMS. GEN ACCELERATES COMBINES A VIRTUAL PLATFORM WITH PLUG-AND-PLAY CURRICULUM AND STRUCTURED MENTORSHIP FOR ENTREPRENEURS, ACCELERATORS AND ECOSYSTEM GEN POLICY: GEN POLICY BRINGS GOVERNMENTS CLOSER TO FIRM FOUNDERS AND THE ORGANIZATIONS AND ECOSYSTEMS THAT SUPPORT THEM AT ALL STAGES OF THE PUBLIC POLICY AND PROGRAM LIFECYCLE, FROM IDENTIFYING BARRIERS TO IMPLEMENTING SOLUTIONS, OFFERING OPPORTUNITIES FOR POLICY DIALOGUE AND PEER ADVICE, AND SOURCING EVIDENCE-BASED RECOMMENDATIONS THAT CAN DRIVE SMART POLICY DESIGN AND IMPLEMENTATION STARTUP HUDDLE: STARTUP HUDDLE IS A PROGRAM DESIGNED TO HELP BUILD NEW STARTUP ECOSYSTEMS WHILE ONE OR TWO ENTREPRENEURS IN THAT COMMUNITY EVERY WEEK. FOUNDERS DISCOVER SOLUTIONS TO THE CHALLENGES THEY FACE THROUGH PURPOSEFUL ENGAGEMENT WITH A BROAD ARRAY OF INTERESTED VOICES FROM THEIR LOCAL COMMUNITY GER.CO: GLOBAL ENTERPRISE REGISTRATION'S EREGISTRATION AND EREGULATIONS PLATFORMS OFFER NATIONS WITH LARGE INFORMAL ECONOMIES NOT JUST NEW TOOLS FOR MORE EFFICIENTLY REGISTERING AND REGULATING BUSINESSES, BUT AN INNOVATIVE NEW VISION FOR HOW ENTREPRENEURSHIP CAN DRIVE CITIZENS INTO THE FORMAL ECONOMY. BY PLACING REGULATIONS ONLINE IN ONE PLATFORM WITH EREGULATIONS OR BY AUTOMATING THEM WITH EREGISTRATIONS, GER.CO OFFERS POLICYMAKERS AND ADMINISTRATORS A NEW MODEL FOR ENTREPRENEURS TO INTERACT WITH GOVERNMENT AGENCIES, COMPLY WITH ADMINISTRATIVE REGULATIONS AND IMPLEMENT REGULATORY POLICIES AND PRACTICES THAT ARE SIMPLE, QUICK AND EASY. THIS PROGRAM IS EXECUTED WITH THE UNITED NATIONS. GEN ALSO PROVIDES LIVE EVENTS, INCLUDING THE GLOBAL ENTREPRENEURSHIP CONGRESS (GEC). THE GEC IS A GATHERING OF STARTUP CHAMPIONS FROM AROUND THE WORLD - WHERE ENTREPRENEURS, INVESTORS, ENTREPRENEURIAL SUPPORT ORGANIZATIONS, RESEARCHERS, THOUGHT LEADERS AND POLICYMAKERS SHARE PROGRAM AND POLICY IDEAS AND WORK TOGETHER TO BRING IDEAS TO LIFE, DRIVE ECONOMIC GROWTH AND EXPAND HUMAN WELFARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Ortmans President/di | OfficerTrustee | 35 | $607,197 |
Jeff Hoffman Director | OfficerTrustee | 1 | $0 |
Rebeca Hwang Director | Trustee | 1 | $0 |
Chris Turner Director | Trustee | 1 | $0 |
Donna Harris Director | Trustee | 1 | $0 |
Tom Sullivan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $684,705 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,606,004 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,290,709 |
| Total Program Service Revenue | $0 |
| Investment income | $13,721 |
| 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 | $12,304,430 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,914,780 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $800,674 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $84,565 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $89,374 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $455,890 |
| Advertising and promotion | $0 |
| Office expenses | $7,356 |
| Information technology | $70,106 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $22,354 |
| 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 | $5,531 |
| All other expenses | $0 |
| Total functional expenses | $12,029,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,115,358 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,373 |
| 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 | $699 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,159,119 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $962,802 |
| Total assets | $5,250,351 |
| Accounts payable and accrued expenses | $137,076 |
| Grants payable | $950,000 |
| 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 | $0 |
| Total liabilities | $1,087,076 |
| Net assets without donor restrictions | $4,163,275 |
| Net assets with donor restrictions | $0 |
| 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 | $5,250,351 |