THE NASDAQ ENTREPRENEURIAL CENTER … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

NICOLA CORZINE

Phone

4157922492

Tax Period

2023-01-01 to 2023-12-31

THE NASDAQ ENTREPRENEURIAL CENTER INC, founded in 2014, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.9M in total revenue in fiscal year 2023. Revenue surged 85% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.1M, a strong 39% operating margin.

Mission

ESTABLISHED IN 2014, THE NASDAQ ENTREPRENEURIAL CENTER (THE "CENTER") IS AN INDEPENDENT CHARITY DEDICATED TO EDUCATING THE PUBLIC ABOUT ENTREPRENEURSHIP AND EDUCATING INDIVIDUAL ENTREPRENEURS ON SUBJECTS USEFUL TO THEM AND BENEFICIAL TO THE COMMUNITY. THE CENTER IS ALSO DEDICATED TO IMPROVING INCLUSION AND ACCESS TO COMMUNITIES UNDER-REPRESENTED IN ENTREPRENEURIAL ENDEAVORS.

Program Service Accomplishments

Program 1

Expenses: $3,692,041 Revenue: $38,678

WE'RE HONORED TO HAVE WORKED WITH OVER 90,000 ENTREPRENEURS SINCE 2014, OVER HALF OF WHOM ARE WOMEN AND MORE THAN 60% OF WHOM ARE UNDER-RESOURCED. THE CENTER MEETS THE REAL TIME NEEDS OF...

WE'RE HONORED TO HAVE WORKED WITH OVER 90,000 ENTREPRENEURS SINCE 2014, OVER HALF OF WHOM ARE WOMEN AND MORE THAN 60% OF WHOM ARE UNDER-RESOURCED. THE CENTER MEETS THE REAL TIME NEEDS OF ENTREPRENEURS THROUGH EDUCATIONAL PROGRAMMING AND THEN SHARES ITS LEARNINGS WITH POLICY-LEADERS, CAPITAL ALLOCATORS AND ACADEMIC INSTITUTIONS. TO DATE, OVER 10,000 HOURS OF FREE TECHNICAL ASSISTANCE AND MENTORING SUPPORT HAS BEEN PROVIDED BY OVER 250 TEACHING EXPERTS IN SUPPORT OF ADVANCING ACCESS AND EQUITY IN ENTREPRENEURSHIP. BASED ON CONVERGENT WORK FROM QUANTITATIVE ANALYSIS ON ENTREPRENEUR DATA AND POLICY LANDSCAPE SCAN WE ARE IN A UNIQUE POSITION TO USE EXISTING RESEARCH TO INFORM A MODEL TO IDENTIFY CITIES THAT SCORE THE HIGHEST IN BUILDING AN ECOSYSTEM OF SUPPORT FOR VENTURE BACKED/ASPIRING UNDER-RESOURCED FOUNDERSWHICH IS NOW UNDERWAY OF ACTIVATING A NETWORK OF CITY LEADERS AND POLICY CHAMPIONS IN SUPPORT OF HEALTHY ENTREPRENEURIAL ECOSYSTEMS THAT WILL INSPIRE THE NEXT WAVE OF CITIES TO HAVE ACTIONABLE INSIGHTS THAT DRIVE POSITIVE OUTCOMES ACROSS ALL STAKEHOLDER GROUPS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,832,663

Program Service Revenue $38,678

Investment Income $0

Other Revenue $0

TOTAL REVENUE $7,871,341

Expense Breakdown

Grants Paid $432,500

Salaries & Benefits $1,718,574

Fundraising Expenses $595,013

Program Expenses $3,692,041

Other Expenses $2,663,660

TOTAL EXPENSES $4,814,734

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,871,341	$4,251,800	+0.9%
Expenses	$4,814,734	$5,462,303	-0.1%
Net Income	$3,056,607	$-1,210,503	-3.5%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

180

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

$418,113

Total Directors

Key Employees

$330,182

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE BOCHNER	MEMBER	2.00	Director	$0	$0	$0
ROBURTA BURROUGHS MASSENAT	MEMBER	2.00	Director	$0	$0	$0
SHALOO GARG	MEMBER	2.00	Director	$0	$0	$0
JAILAN GRIFFITHS	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
JILLIAN MANUS	MEMBER	2.00	Director	$0	$0	$0
MATT PAGET	MEMBER	2.00	Director	$0	$0	$0
SHIVANI SOPORY	MEMBER	2.00	Director	$0	$0	$0
MELISSA HONEYWELL	TREASURER	2.00	Officer	$0	$0	$0
MELISSA RICK	SECRETARY	2.00	Officer	$0	$0	$0
NICOLA CORZINE	CEO & EXECUTIVE DIRECTOR	40.00	Officer	$402,479	$15,634	$418,113
CELENA APONTE	VICE PRESIDENT OF STRATEGY	40.00	Key Emp	$316,533	$13,649	$330,182
COLIN MAHIN	DIRECTOR OF PROGRAMS	40.00	Highest	$117,577	$7,516	$125,093
BROOKE PALIZI	DIRECTOR OF MARKETING	40.00	Highest	$104,285	$12,000	$116,285
KAMYRISA TWIGGS TAYLOR	DIRECTOR OF MILESTONE CIRCLES	40.00	Highest	$117,577	$12,000	$129,577

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
2024	No data	No data	No data	No data
2023	$7,871,341	$4,814,734	$9,407,024	$3,056,607
2022	$4,251,800	$5,462,303	$7,922,340	$-1,210,503
2021	$6,113,827	$4,164,010	$6,201,342	$1,949,817
2020	$2,264,679	$3,982,329	$4,177,962	$-1,717,650
2019	$1,214,842	$4,138,156	$6,136,310	$-2,923,314
2018	$3,837,358	$4,183,603	$8,913,977	$-346,245

THE NASDAQ ENTREPRENEURIAL CENTER INC