Nfte Endowment Fund INC

Tax-deductible

New York, NY501(c)(3)Human ServicesEIN 27-0135465

Nfte endowment fund, INC. Is a supporting organization formed for the benefit of the network for teaching entrepreneurship, a related 501(c)(3) organization.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Run by 1 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $117K a year · 19% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
21 mo
of spending, in cash
Looks good: 20.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$111K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$920K
+127% vs prior year
Spent
$670K
To programs
97%
Net assets
$15.1M
By yearFY2020–FY2025
Revenue
$920K
FY2025▲ +127%
Revenue by fiscal year
FY2020$424K
FY2021$693K
FY2022$850K
FY2023$371K
FY2024$405K
FY2025$920K
Expenses
$670K
FY2025+0.4%
Expenses by fiscal year
FY2020$826K
FY2021$772K
FY2022$772K
FY2023$657K
FY2024$667K
FY2025$670K
Net assets
$15.1M
FY2025▲ +6%
Net assets by fiscal year
FY2020$11.7M
FY2021$14.4M
FY2022$12.1M
FY2023$12.8M
FY2024$14.2M
FY2025$15.1M

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $648K Management & general 3% · $22K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Nfte Endowment Fund INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports teaching entrepreneurship to young people.

Provided by the organization

This section is blank until Nfte Endowment Fund INC claims this page.

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1 program service account for $648K of program spending, described in the organization's own filed words · FY2024.
01

The organization made a distribution to network for teaching entrepreneurship (a related 501(c)(3) organization).

$648Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2021
Total grants receivedfrom 1 funder$5K
Grants paid · 6 grants · $4.2M · 2019–2024
NfteNY · FY2024$648,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$920K
Ln 12
Investment incomeLn 3$920K
Money outPt IX
$670K
Ln 25
Programscol B$648K
Managementcol C$22K
Owns and owesPt X
$15.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$15.2M
LiabilitiesLn 26$111K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$920K
Gains on assetsLn 7$596K
Total revenueLn 12$920K
Assets in detailPt X, end of year
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$14.0M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$15.2M
LiabilitiesLn 26$111K
Net assetsLn 32$15.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 61
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.8M$1.2M
InvestmentsLn 11–13$12.6M$14.0M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$14.3M$15.2M
LiabilitiesLn 26$89K$111K
Net assetsLn 32$14.2M$15.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$648K$648K
Benefits paid to or for membersLn 4$0$0
Accounting feesLn 11c$19K$0$19K$0
Other fees for servicesLn 11g$0$0$0$0
Office expensesLn 13$75$0$75$0
Information technologyLn 14$2K$0$2K$0
Other expenses (24a–d)Ln 24$750$0$750$0
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$670K$648K$22K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $920K$670K$250K$15.1M 990 PDF
FY2024 $405K$667K−$263K$14.2M 990 PDF
FY2023 $371K$657K−$286K$12.8M 990 PDF
FY2022 $850K$772K$78K$12.1M 990 PDF
FY2021 $693K$772K−$79K$14.4M 990 PDF
FY2020 $424K$826K−$402K$11.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $920,294 across 4 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $324,444$324,444
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $595,850$595,850
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $920,294$920,294
Part IX · Statement of functional expenses $670,325 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $648,000$648,000
IX-4 Benefits paid to or for membersPrograms $0$0
IX-11c Accounting feesPrograms $0 · Management $19,000 · Fundraising $0$19,000
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $0 · Management $75 · Fundraising $0$75
IX-14 Information technologyPrograms $0 · Management $2,500 · Fundraising $0$2,500
IX-24 Other expenses (24a–d)Programs $0 · Management $750 · Fundraising $0$750
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $648,000 · Management $22,325 · Fundraising $0$670,325
Part X · Balance sheet $15,192,487 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,772,358$1,170,200
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $12,564,237$14,022,287
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $14,336,595$15,192,487
X-17 Accounts payable and accrued expensesStart of year $89,000$111,250
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $89,000$111,250
X-27 Net assets without donor restrictionsStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $14,247,595$15,081,237
X-32 Total net assets or fund balancesStart of year $14,247,595$15,081,237
X-33 Total liabilities and net assetsStart of year $14,336,595$15,192,487
Part XI · Reconciliation of net assets $15,081,237 net assets at year end
XI-1 Total revenue$920,294
XI-2 Total expenses$670,325
XI-3 Revenue less expenses$249,969
XI-4 Net assets at start of year$14,247,595
XI-5 Net unrealized gains (losses) on investments$583,673
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$15,081,237

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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