Form 990 for tax year 2022
Filed by INSTITUTE FOR ENTREPRENEURIAL LEADERSHIP INC.
Totals
- Total revenue
- $2,362,721
- Total expenses
- $1,805,215
- Contributions and grants received
- $2,362,721
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $3,193,132
- Total liabilities, end of year
- $1,610,095
- Net assets or fund balances, end of year
- $1,583,037
- Program services expenses (Part IX)
- $1,472,593
- Management and general expenses
- $243,619
- Fundraising expenses
- $89,003
- Program service expenses (Part III)
- $805,472
Program services were 81.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$2,362,721
-
2a · Program service revenue
total $0 · related or exempt $2,362,721
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $307,593 · program services $215,316 · management and general $61,518 · fundraising $30,759
-
7 · Other salaries and wages
total $768,616 · program services $637,624 · management and general $109,200 · fundraising $21,792
-
11a · Fees: management
total $527,272 · program services $448,181 · management and general $52,727 · fundraising $26,364
-
12 · Advertising and promotion
total $35,991 · program services $30,592 · management and general $3,599 · fundraising $1,800
-
13 · Office expenses
total $12,427 · program services $10,563 · management and general $1,243 · fundraising $621
-
14 · Information technology
total $39,516 · program services $33,588 · management and general $3,952 · fundraising $1,976
-
16 · Occupancy
total $35,733 · program services $30,373 · management and general $3,573 · fundraising $1,787
-
17 · Travel
total $67,260 · program services $57,171 · management and general $6,726 · fundraising $3,363
-
23 · Insurance
total $5,309 · program services $4,513 · management and general $531 · fundraising $265
-
24a · Other expenses: AWARDS AND RECOGNITION
total $1,251 · program services $1,063 · management and general $125 · fundraising $63
-
24b · Other expenses: MEMBERSHIP DUES
total $2,292 · program services $1,948 · management and general $229 · fundraising $115
-
24c · Other expenses: ORGANIZATIONAL EXPENSES
total $276 · program services $234 · management and general $28 · fundraising $14
-
24d · Other expenses: BANK FEES
total $1,679 · program services $1,427 · management and general $168 · fundraising $84
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,092,416 · end of year $3,026,446
-
4 · Accounts receivable
beginning of year $52,945 · end of year $153,563
-
9 · Prepaid expenses and deferred charges
beginning of year $3,000 · end of year $13,123
-
17 · Accounts payable and accrued expenses
beginning of year $25,630 · end of year $32,947
-
19 · Deferred revenue
end of year $1,485,866
-
23 · Secured mortgages and notes payable
end of year $88,854
-
24 · Unsecured notes and loans payable
beginning of year $97,200 · end of year $2,428
-
27 · Net assets without donor restrictions
beginning of year $61,612 · end of year $359,776
-
28 · Net assets with donor restrictions
beginning of year $963,919 · end of year $1,223,261
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
SEE NBSP;STATEMENT NBSP;1
Activities or mission (Part I)
THE INSTITUTE FOR ENTREPRENEURIAL LEADERSHIP (IFEL), FOUNDED IN 2002, IS AN INDEPENDENT, NONPROFIT ORGANIZATION THAT SUPPORTS ECONOMIC DEVELOPMENT THROUGH ENTREPRENEURSHIP. WE ENVISION A FUTURE WITH INCLUSIVE ENTREPRENEURIAL ECOSYSTEMS IN WHICH PEOPLE FROM HISTORICALLY EXCLUDED POPULATIONS HAVE EQUAL OPPORTUNITY FOR SUCCESS. IN PURSUIT OF THIS VISION, OUR MISSION IS TO ERADICATE THE SYSTEMIC BARRIERS THAT PREVENT PEOPLE FROM HISTORICALLY EXCLUDED POPULATIONS FROM BEING ABLE TO ACCESS THE KNOWLEDGE, NETWORKS, AND CAPITAL REQUIRED FOR ENTREPRENEURIAL SUCCESS AND WEALTH CREATION. LEARN MORE ABOUT IFEL AT WWW.WEAREIFEL.ORG.
-
RELATIONSHIP CAPITAL CONNECTIONS - WOCCON ASKS OUR NETWORK OF INVESTORS, EXECUTIVES, ALLIES, CHAMPIONS, AND POLICYMAKERS TO USE THEIR RELATIONSHIPS AND EXPERTISE TO OPEN MORE DOORS FOR WOMEN OF COLOR THAT HELP THEM GET ON THE GROWTH TRAJECTORY.
Expenses $149,183 · Revenue $30,858
-
INVESTOR INCLUSION - WE BELIEVE THAT DIVERSITY AND INCLUSION EFFORTS DESIGNED TO INCREASE THE NUMBER OF BLACK PEOPLE INVOLVED IN ANGEL INVESTING WILL LEAD TO MORE BLACK ENTREPRENEURS RECEIVING ANGEL CAPITAL AS AN ONRAMP TO THE CAPITAL CONTINUUM.
Expenses $298,848
-
SMALL BUSINESS CAPACITY-BUILDING - WE ENGAGE BUSINESS PROFESSIONALS IN SKILLS-BASED VOLUNTEERISM TO PROVIDE HIGH-TOUCH, HANDS-ON SUPPORT THROUGH OUR TURNKEY SMALL BUSINESS CAPACITY-BUILDING SYSTEM.
Expenses $357,441 · Grants $1,953,992 · Revenue $118,843
As filed on the 2022 return.
Listed in Part VII
-
LARRY BAILIN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
PASQUALE NOCITO
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
STEPHEN WHITE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JILL JOHNSON
CHIEF EXECUTIVE OFFICER
- Total calculated
- $307,595
- From this org
- $307,595
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
ZOE BOGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TOM REYNOLDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 11 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313229349300701
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