NATIONAL CENTER FOR ENTREPRENEURSHIP AND INNOVATION

EIN: 461134634 501(c)(3) Education

Washington, DC

Total Revenue
$370,000
Total Expenses
$365,409
Total Assets
$1,095
Net Assets
$1,095
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
DC
Principal Officer
Philip Auerswald
Phone
2023786438
Tax Period
2023-01-01 to 2023-12-31

NATIONAL CENTER FOR ENTREPRENEURSHIP AND INNOVATION, founded in 2012, is a small nonprofit in the Education sector that reported $370K in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum.

Mission

NCEI's mission is to mobilize resources and capabilities on a national scale toward the goal of ensuring that 21st century entrepreneurial opportunity and innovative potential reach every community across the nation. Through its work NCEI catalyzes and advances initiatives that support innovation and entrepreneurship. NCEI also educates the public about innovation and entrepreneurship by celebrating innovation and entrepreneurship at America's preeminent public space, the National Mall in Washington, DC. Finally, NCEI also serves as a focal point for programming related the celebration of American ingenuity during the Semiquincentennial (250 years) of the United States that is upcoming in 2026.

Program Service Accomplishments

Program 1
Expenses: $247,488 Revenue: $250,000

Gov21 - a 21st Century Government Innovation Program - is designed to meet the evolving needs of federal agency leaders - providing new tools for a more effective government to aid policymakers and...

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Gov21 - a 21st Century Government Innovation Program - is designed to meet the evolving needs of federal agency leaders - providing new tools for a more effective government to aid policymakers and civil servants in making strategic decisions by developing new skills in innovation and service design, grounded in the complexity of the federal government. The Social Safety Net Product Studio project focuses on improving customer experience and outcomes for people in underserved populations needing state and federal services. Our first focus will be on agencies providing job services, unemployment, and worker protections. Our goal is to increase enrollment and retention in programs leading to self-sufficiency and the protection of low wage workers. We will also include aligned programs including TANF, SNAP, and community colleges because participants in one program are typically enrolled in several. Our intended audience are civil servants who design and run these programs without consideration of the actual needs of the people who need help. The exempt purpose of the project under Internal Revenue Code Section 501(c)(3) is educational.

Program 2
Expenses: $100,520 Revenue: $100,000

1. Identifying 15 to 20 prospective projects and building out three use cases with blueprints on how to establish them at the Department of Energy's Foundation for Energy Security and Innovation...

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1. Identifying 15 to 20 prospective projects and building out three use cases with blueprints on how to establish them at the Department of Energy's Foundation for Energy Security and Innovation (FESI). 2. Scope and lead a series of discussions focused on FESI aimed at the broader clean energy community. 3. Develop a strategy for FESI board selection - develop personas and outline types of board members and potential key characteristics, expertise and networks FESI would benefit from having on the board.

Program 3
Expenses: $17,401 Revenue: $20,000

Develop educational initiatives related to history of technology.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $370,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $370,000

Expense Breakdown

Grants Paid $323,000
Salaries & Benefits $28,421
Fundraising Expenses $0
Program Expenses $365,409
Other Expenses $13,988
TOTAL EXPENSES $365,409

Year-over-Year Comparison

2023 2022 Change
Revenue $370,000 $253,000 +0.5%
Expenses $365,409 $272,694 +0.3%
Net Income $4,591 $-19,694 -1.2%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
2

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
3
$28,421
Total Directors
3
$28,421
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Philip E Auerswald President 4
Officer Director
$28,421 $0 $28,421
James H Turner Treasurer 1
Officer Director
$0 $0 $0
Donna Harris Secretary 1
Officer Director
$0 $0 $0
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
2023 $370,000 $365,409 $1,095 $4,591
2022 $253,000 $272,694 $3,406 $-19,694
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