Enactus
- Assets
- $532.2k
- Revenue
- $1.6m
- Investments
- $27.5k
- Employees
- 31
- Location
- New York, NY
- Founding
- 02/1981
- Data as of
- 12/2023
- EIN
- 74-2148471
Organization Overview
Enactus is located in New York, NY. The organization was established in 1981. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. As of 12/2023, Enactus employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Enactus 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, Enactus generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (23.5%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (18.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Enactus has awarded 109 individual grants totaling $1,036,366. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ENACTUS IS A NETWORK OF LEADERS COMMITTED TO USING BUSINESS AS A CATALYST FOR POSITIVE SOCIAL AND ENVIRONMENTAL IMPACT. WE EDUCATE, INSPIRE AND SUPPORT YOUNG PEOPLE TO USE INNOVATION AND ENTREPRENEURSHIP TO SOLVE THE WORLD'S BIGGEST PROBLEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORLD CUP:YOUNG SOCIAL INNOVATORS, BUSINESS LEADERS AND ACADEMICS GATHER WHILE STUDENTS FROM AROUND THE WORLD SHOWCASE THEIR IMPACTFUL PROJECTS. TEAMS FROM 33 COUNTRIES COMPETE FOR THE TITLE OF ENACTUS WORLD CHAMPION AND CONNECT WITH PASSIONATE CHANGEMAKERS.
LOCAL AND UNIVERSAL ACTION ON GLOBAL CHALLENGES TO CREATE A SOLUTION-FOCUSED GENERATION OF LEADERS: ENACTUS SUPPORTS STUDENT RECRUITMENT AND ENGAGEMENT OF UNIVERSITY STAFF, BUSINESS ADVISORS, AND TEAM LEADERS ON MORE THAN 200 CAMPUSES IN THE UNITED STATES THROUGH ITS PROGRAMMING. A GLOBAL STAFF AND MULTI-COUNTRY NETWORK SUPPORT PROGRAMS ON 1,064 CAMPUSES IN 33+ COUNTRIES. ENACTUS PROMOTES TEAM DEVELOPMENT THROUGH SHARING INSIGHTS, ROBUST TRAINING TOOLS, AND LEADERSHIP EVENTS. THE ORGANIZATION CONTINUES TO BUILD CAPACITY TO INCREASE IMPACT ON AND THROUGH STUDENTS. ENACTUS SUPPORTS STUDENTS WHOSE PROJECTS PRODUCE POSITIVE SOCIAL AND ENVIRONMENTAL OUTCOMES IN MORE THAN 39 COUNTRIES EACH YEAR.
EXPO:EACH YEAR, THE ENACTUS UNITED STATES EXPO BRINGS TOGETHER STUDENTS, ACADEMICS, BUSINESS, AND ENTREPRENEURIAL LEADERS NATIONWIDE TO SHOWCASE THE IMPACT YOUNG ENTREPRENEURS AND INNOVATORS HAVE REALIZED. OVER THREE DAYS, STUDENTS PRESENT COMMUNITY AND BUSINESS PROJECTS THAT DRIVE MEANINGFUL CHANGE THROUGH ENTREPRENEURSHIP.
STANDARD CHARTERED:MULTI-YEAR INITIATIVE, WHERE ENACTUS COURSE TEACHES THE FUNDAMENTALS OF ENTREPRENEURSHIP AND FINANCE AND BUDGETING. EVALUATION INCLUDES WEEKLY MILESTONES AS WELL AS PRE- AND POST-PROGRAM EVALUATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gonzalve Bich Chair | OfficerTrustee | 2 | $0 |
Eric Sporkin Vice-Chair | OfficerTrustee | 2 | $0 |
Howard Levine Treasurer | OfficerTrustee | 2 | $0 |
Tanya Perkins Secretary | OfficerTrustee | 2 | $0 |
Geraldine Acuna-Sunshine Director | Trustee | 2 | $0 |
Ian Aitken Director | 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 | $1,537,543 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,537,543 |
| Total Program Service Revenue | $0 |
| Investment income | $6,034 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,551 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,582,541 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $84,819 |
| Grants and other assistance to domestic individuals. | $6,948 |
| Grants and other assistance to Foreign Orgs/Individuals | $119,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $370,060 |
| Compensation of current officers, directors, key employees. | $152,887 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,038,745 |
| Pension plan accruals and contributions | $6,391 |
| Other employee benefits | $201,356 |
| Payroll taxes | $113,140 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,003 |
| Fees for services: Accounting | $41,053 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,255 |
| Advertising and promotion | $0 |
| Office expenses | $35,894 |
| Information technology | $367,179 |
| Royalties | $0 |
| Occupancy | $46,222 |
| Travel | $49,358 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,847 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,516 |
| Insurance | $39,641 |
| All other expenses | $301,842 |
| Total functional expenses | $2,935,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,457 |
| Savings and temporary cash investments | $13,767 |
| Pledges and grants receivable | $118,466 |
| Accounts receivable, net | $0 |
| 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 | $79,108 |
| Net Land, buildings, and equipment | $2,513 |
| Investments—publicly traded securities | $248,423 |
| Investments—other securities | $27,499 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $532,233 |
| Accounts payable and accrued expenses | $543,935 |
| Grants payable | $0 |
| 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 | $600,000 |
| Other liabilities | $171,849 |
| Total liabilities | $1,315,784 |
| Net assets without donor restrictions | -$2,358,385 |
| Net assets with donor restrictions | $1,574,834 |
| 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 | $532,233 |
Grants Awarded
Over the last fiscal year, Enactus has awarded $18,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EAST CENTRAL UNIVERSITY - STONECIPHER SCHOOL OF BUSINESS PURPOSE: PROGRAM SUPPORT | $5,500 |
BRIGHAM YOUNG UNIVERSITY - HAWAII - SCHOOL OF BUSINESS PURPOSE: PROGRAM SUPPORT | $12,500 |