Network For Teaching Entrepreneurship
Network For Teaching Entrepreneurship
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About this organization
Mission
NFTE's mission is to activate the entrepreneurial mindset and build startup skills in youth from under-resourced communities to ensure their success and to create a more vibrant society. Research shows that the entrepreneurial mindset prepares young people for lifelong success. Equipped with the mindset, as well as with the business and academic skills that NFTE teaches, NFTE students are ready to thrive in the innovation economy no matter what path they choose.
About
Network for Teaching Entrepreneurship ("NFTE") SERVED APPROXIMATELY 24,000 MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS IN MORE THAN 20 STATES ACROSS THE U.S. DURING THE 2017-2018 SCHOOL YEAR. NFTE SERVED AN ADDITIONAL 48,0000 STUDENTS OUTSIDE THE U.S. BY LEVERAGING PARTNERSHIPS WITH OTHER EDUCATIONAL/YOUTH DEVELOPMENT ORGANIZATIONS TO OFFER PROGRAMS IN MEXICO, GERMANY, BELGIUM, ISRAEL, INDIA, CHINA, IRELAND, AND SINGAPORE. NFTE ALSO OFFERED ONLINE ENTREPRENEURSHIP AWARENESS EXPERIENCES TO MORE THAN 29,000 YOUNG PEOPLE. STUDENTS IN NFTE PROGRAMS LEARN HOW TO DEVELOP A BUSINESS PLAN AND HOW TO MARKET THEIR BUSINESS CONCEPT. MANY NFTE STUDENTS GO ON TO COMPETE IN REGIONAL AND NATIONAL BUSINESS PLAN COMPETITIONS. STUDENTS FROM OVER 200 U.S. SCHOOLS PARTICIPATED IN NFTES NATIONAL YOUTH ENTREPRENEURSHIP CHALLENGE EVENTS DURING THE 2017-2018 SCHOOL YEAR, COMPETING FOR A TOTAL OF $150,000 IN PRIZES. PRIZES AWARDED IN THE REGIONAL AND NATIONAL ROUNDS OF THE NFTE YOUTH ENTREPRENEURSHIP CHALLENGE ARE AWARDED SPECIFICALLY TO HELP STUDENT GROW OR LAUNCH THEIR BUSINESSES OR FURTHER THEIR EDUCATIONAL GOALS. NFTE DESIGNS, DEVELOPS AND PUBLISHES CURRICULUM; TRAINS PUBLIC AND CHARTER SCHOOL TEACHERS TO TEACH NFTE COURSES; AND WORKS WITH TEACHERS TO FACILITATE THE EXPERIENTIAL LEARNING MODEL. TEACHERS ACROSS THE U.S. AND AROUND THE WORLD DELIVER THE NFTE CURRICULUM, AND NFTE OFFERS A VARIETY OF PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR TEACHERS, INCLUDING WEBINARS, LIVE TRAINING SESSIONS, PEER-TO-PEER COACHING EVENTS, AND AN ANNUAL NATIONAL CONFERENCE. IN ADDITION, NFTE DEVELOPS ASSESSMENT TOOLS AND CONDUCTS RESEARCH TO IMPROVE THE EFFECTIVENESS OF CURRICULUM. DURING THE 2017-2018 SCHOOL YEAR NFTE COMPLETED THE DEPLOYMENT OF THE ENTRENEURIAL MINDSET INDEX (EMI), A NEW TOOL FOR MEASURING MASTERY IN CORE DOMAINS IDENTIFIED AS CRITICAL TO ENTREPRENEURIAL THINKING. THE EMI, WHICH WAS DEVELOPED IN COLLABORATION WITH RESEARCHERS AT THE EDUCATIONAL TESTING SERVICE (ETS), IS A RESOURCE FOR TEACHERS AND STUDENTS IN NFTE PROGRAMS AND IS EMBEDDED IN THE NFTE CURRICULUM. NFTE ALSO COMPLETED DEPLOYMENT OF THE PRE-EMI CLASSROOM REPORT, A RESOURCE TO HELP TEACHERS UNDERSTAND THE ENTREPRENEURIAL MINDSET OF A PARTICULAR CLASS AND SEE HOW THAT CLASS COMPARES TO OTHER CLASSES ACROSS THE U.S. NFTE LEVERAGES CLASSROOM TEACHERS TO DELIVER THE NFTE CURRICULUM. THE BENEFIT TO NFTE IS THAT TEACHERS ARE PAID BY THEIR RESPECTIVE SCHOOL DISTRICTS. THE CHALLENGE FOR THE ORGANIZATION'S CONTRIBUTORS AND ASSESSORS IS RECOGNIZING THE ECONOMIC VALUE OF THOSE TEACHERS IS EXCLUDED, IN TAX REPORTING, FROM THE MEASUREMENT OF EXPENDITURES RELATED TO PROGRAM EFFORTS. THE TEACHERS ARE ESSENTIAL TO MEETING THE ORGANIZATIONS MISSION, THUS THE ECONOMIC VALUE ($4 MILLION PLUS) MUST BE FACTORED INTO ANY ASSESSMENT OF THE ORGANIZATION TO HAVE A TRUE COMPARISON WITH other organizations.
Interesting data from their 2019 990 filing
The purpose of the non-profit, as set forth in the filing, is “Network for teaching entrepreneurship ("nfte") is the leading educational nonprofit focused on teaching startup skills and activating the entrepreneurial mindset in youth from under-resourced communities. research shows that the entrepreneurial mindset (which includes skills such as innovation, self-reliance, comfort with risk, communication, critical thinking and problem-solving) prepares young people for life-long success. equipped with the entrepreneurial mindset and empowered by the academic and startup business skills nfte teaches, program alumni are college- and career-ready, prepared to thrive in the 21st century innovation economy. nfte has more than three decades of experience implementing its award-winning, project-based curriculum and has reached well over one million students across the u.s. and abroad since its founding.”.
When discussing its purpose, they were characterized as: “To prepare youth from under-resourced communities for lifelong success by teaching business & academic skills and by activating the entrepreneurial mindset in students”.
- The state in which the non-profit is legally authorized to operate is NY, as reported.
- The filing confirms that the non-profit's address in 2019 was 120 WALL STREET 18TH FLOOR, NEW YORK, NY, 10005.
- The form of the non-profit reports 98 employees as of 2019.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Has foreign activities.
- Is not a donor advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$5,218,158.
- The remuneration of the CEO of the organization is based on an independent review and approval process.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 19 independent voting members.
- The organization was formed in 1986.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization pays $8,465,755 in salary, compensation, and benefits to its employees.
- The organization pays $1,546,840 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization pays grants to individuals.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization has fundraising events.
- The organization has grants to organizations.
- The organization's financial statements were reviewed by an accountant.
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