NETWORK FOR TEACHING ENTREPRENEURSHIP

EIN: 133408731 501(c)(3) Youth Development

NEW YORK, NY

Total Revenue
$9,899,899
Total Expenses
$13,349,910
Total Assets
$11,784,536
Net Assets
$7,606,492
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
NY
Phone
2122323333
Tax Period
2024-07-01 to 2025-06-30

NETWORK FOR TEACHING ENTREPRENEURSHIP, founded in 1986, is a community nonprofit in the Youth Development sector that reported $9.9M in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $13.3M exceeded revenue, resulting in a 35% operating deficit.

Mission

TO PROVIDE EDUCATIONAL PROGRAMS, ACTIVATE ENTREPRENEURIAL MINDSET AND TEACH BUSINESS/ACADEMIC SKILLS TO YOUTH IN UNDER-RESOURCED COMMUNITIES, INCREASING COLLEGE/CAREER READINESS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,129,801
Program Service Revenue $2,322,752
Investment Income $254,613
Other Revenue $192,733
TOTAL REVENUE $9,899,899

Expense Breakdown

Grants Paid $285,272
Salaries & Benefits $8,188,372
Fundraising Expenses $1,936,241
Program Expenses $9,270,231
Other Expenses $4,876,266
TOTAL EXPENSES $13,349,910

Year-over-Year Comparison

2024 2023 Change
Revenue $9,899,899 $14,749,821 -0.3%
Expenses $13,349,910 $13,832,498 0.0%
Net Income $-3,450,011 $917,323 -4.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
85
Volunteers
2305

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$1,094,476
Total Directors
19
$0
Key Employees
1
$274,163
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KYLE GARMAN VICE CHAIR 2.0
Officer Director
$0 $0 $0
MICHAEL KASCMAR CHAIR 2.0
Officer Director
$0 $0 $0
ALEX RAPPAPORT DIRECTOR, AS OF 1/30/25 2.0
Director
$0 $0 $0
ALEXIS JEFFRIES DIRECTOR 2.0
Director
$0 $0 $0
ANTHONY SALCITO DIRECTOR 2.0
Director
$0 $0 $0
CARLA THOMPSON PAYTON DIRECTOR 2.0
Director
$0 $0 $0
CAROL FULP DIRECTOR, THRU 11/18/24 2.0
Director
$0 $0 $0
CHUCK JACOBSON DIRECTOR 2.0
Director
$0 $0 $0
DAVID WELLISCH DIRECTOR 2.0
Director
$0 $0 $0
JEAN EDDY DIRECTOR 2.0
Director
$0 $0 $0
KENNETH M JONES DIRECTOR 2.0
Director
$0 $0 $0
LATOYA ROWELL DIRECTOR 2.0
Director
$0 $0 $0
LAWRENCE GENNARI DIRECTOR 2.0
Director
$0 $0 $0
NAVEEN NALLAPPA DIRECTOR, AS OF 9/9/24 2.0
Director
$0 $0 $0
PAMELA CODISPOTI HABNER DIRECTOR 2.0
Director
$0 $0 $0
PATRICIA ALPER DIRECTOR 2.0
Director
$0 $0 $0
SANDRA ROSA DIRECTOR 2.0
Director
$0 $0 $0
TONY FRAZIER DIRECTOR 2.0
Director
$0 $0 $0
TUCKER YORK DIRECTOR 2.0
Director
$0 $0 $0
DR JEAN-DANIEL LAROCK CEO/PRESIDENT 50.0
Officer
$688,238 $62,932 $751,170
MARY RADFORD CHIEF FINANCIAL OFFICER 50.0
Officer
$323,845 $19,461 $343,306
JANE WALSH CHIEF ADVANCE OFFICER 50.0
Key Emp
$265,101 $9,062 $274,163
JACQUES BRIGNOLLE PROGRAM DIRECTOR, SOUTHEAST 50.0
Highest
$146,873 $33,450 $180,323
JASON DELGATTO VP CURRICULUM & RESEARCH 50.0
Highest
$156,209 $30,428 $186,637
JEANNINE SCHLOSS CHIEF PROGRAM OFFICER 50.0
Highest
$212,112 $42,921 $255,033
RON JACOBS DIRECTOR OF IT 50.0
Highest
$148,667 $12,920 $161,587
SCOTT NASATIR EXECUTIVE DIRECTOR - MIDWEST 50.0
Highest
$150,005 $2,806 $152,811
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $9,899,899 $13,349,910 $11,784,536 $-3,450,011
2024 No data No data No data No data
2023 $12,144,131 $12,129,981 $12,521,146 $14,150
2022 $13,733,111 $10,721,764 $11,822,494 $3,011,347
2021 $12,214,690 $10,152,033 $9,589,884 $2,062,657
2020 $11,612,715 $12,308,190 $7,973,370 $-695,475
2019 $9,125,811 $14,383,459 $7,356,678 $-5,257,648
2018 $9,971,331 $15,189,489 $12,502,529 $-5,218,158
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