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Nonprofiteer
← ENDEAVOR CATALYST INC

Form 990 for tax year 2022

Filed by ENDEAVOR CATALYST INC.

Totals

Total revenue
$1,591,160
Total expenses
$7,629,955
Contributions and grants received
$0
Grants paid
$7,578,414
Program service revenue
$0
Investment income
$1,591,160
Other revenue
$0
Total assets, end of year
$46,534,991
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$46,534,991
Program services expenses (Part IX)
$7,602,257
Management and general expenses
$18,304
Fundraising expenses
$9,394
Program service expenses (Part III)
$7,602,257

Program services were 99.6% 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.

  • 3 · Investment income

    total $95,104 · excluded $95,104

  • 7a · Gross sales of assets other than inventory

    securities $5,054,939

  • 7b · Less cost or other basis and sales expenses

    securities $3,558,883

  • 7c · Gain or loss

    securities $1,496,056

  • 7d · Net gain or loss

    total $1,496,056 · excluded $1,496,056

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,538,414 · program services $7,538,414

  • 3 · Grants to foreign organizations and individuals

    total $40,000 · program services $40,000

  • 11b · Fees: legal

    total $10,940 · program services $3,672 · management and general $3,250 · fundraising $4,018

  • 11c · Fees: accounting

    total $3,445 · management and general $3,445

  • 11f · Fees: investment management

    total $10,930 · management and general $10,930

  • 13 · Office expenses

    total $10,967 · program services $4,912 · management and general $679 · fundraising $5,376

  • 24a · Other expenses: MISC. EXPENSE

    total $15,259 · program services $15,259

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $986,160 · end of year $76,503

  • 2 · Savings and temporary cash investments

    beginning of year $15,971,271 · end of year $3,997,681

  • 9 · Prepaid expenses and deferred charges

    beginning of year $73,173

  • 11 · Investments: publicly traded securities

    end of year $16,459,574

  • 12 · Investments: other securities

    beginning of year $37,017,324 · end of year $25,450,747

  • 15 · Other assets

    beginning of year $0 · end of year $550,486

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,376

  • 25 · Other liabilities

    beginning of year $1,469,766 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $52,573,786 · end of year $46,534,991

Mission and programs · 2022

Mission

ENDEAVOR CATALYST IS ENDEAVOR'S INNOVATIVE IMPACT INVESTMENT FUND THAT CO-INVESTS IN ENDEAVOR ENTREPRENEURS THROUGH A RULES-BASED PROCESS. ENDEAVOR CATALYST OFFERS A UNIQUE OPPORTUNITY FOR ENDEAVOR TO BECOME FINANCIALLY SELF-SUSTAINING BY INVESTING IN THE VERY ENTREPRENEURS IT SUPPORTS.INVESTMENTS IN ENDEAVOR ENTREPRENEURS FUEL THE GROWTH OF HIGH-IMPACT COMPANIES, CREATING NEW JOBS, DRIVING REVENUES, AND FOSTERING ECONOMIC GROWTH IN THE PLACES THAT NEED IT MOST. PROCEEDS FROM ENDEAVOR CATALYST PROVIDE RETURNS TO INVESTORS WHILE FACILITATING ENDEAVOR'S EXPANSION INTO NEW MARKETS AND FUNDING THE DEVELOPMENT OF CRITICAL INFRASTRUCTURE TO SUPPORT GROWING OPERATIONS.

Activities or mission (Part I)

TO SUSTAIN ENDEAVOR'S LONG-TERM OPERATIONS IN A MISSION-ALIGNED WAY. (SEE SCHEDULE O)AN INNOVATIVE CO-INVESTMENT VEHICLE DESIGNED TO SUPPORT ENDEAVOR ENTREPRENEURS WITH EQUITY FINANCING ROUNDS & CONTRIBUTE TO THE LONG-TERM SUSTAINABILITY OF ENDEAVOR.

  • SEE SCHEDULE OINVESTMENTS IN ENDEAVOR ENTREPRENEURS: ENDEAVOR CATALYST IS ENDEAVOR'S INNOVATIVE IMPACT INVESTMENT FUND THAT CO-INVESTS IN ENDEAVOR ENTREPRENEURS THROUGH A NEUTRAL, RULES-BASED PROCESS. ENDEAVOR CATALYST OFFERS A UNIQUE OPPORTUNITY FOR ENDEAVOR TO BECOME FINANCIALLY SELF-SUSTAINING BY INVESTING IN THE VERY ENTREPRENEURS IT SUPPORTS. WITH OVER 280 INVESTMENTS MADE ACROSS 37 MARKETS AS OF 12/31/2022, ENDEAVOR CATALYST HAS QUICKLY BECOME ONE OF THE MOST ACTIVE GLOBAL INVESTMENT FUNDS. ENDEAVOR CATALYST FUNDS I THROUGH III HAVE HAD OVER 21 LIQUIDITY EVENTS THROUGH 2022 AND WE HAVE OFFICIALLY LAUNCHED ENDEAVOR CATALYST IV ("FUND IV") IN 2022. ENDEAVOR CATALYST'S RULES-DRIVEN APPROACH GUARANTEES SIGNIFICANT PORTFOLIO DIVERSIFICATION IN TERMS OF SECTOR, GEOGRAPHY, AND STAGE. THE 450+ ENTREPRENEURS BEHIND OUR PORTFOLIO COMPANIES HAVE SUCCEEDED IN RAISING GLOBAL CAPITAL TO HELP THEIR COMPANIES SCALE, AND ENDEAVOR CATALYST OFTEN SERVES AS AN ADDITIONAL "SEAL OF APPROVAL."

    Expenses $7,602,257 · Grants $7,578,414

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Linda Rottenberg

    CEO & CO-FOUNDER

    Total calculated
    $1,454,450
    From this org
    $0
    From related orgs
    $1,387,048
    Other
    $67,402
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $717,000 related
    Bonus
    $0 + $670,048 related
    Other
    $0
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $52,152 related
    Filer's total
    $0 + $1,454,450 related

  • Allen Taylor

    MANAGING DIRECTOR

    Total calculated
    $921,376
    From this org
    $0
    From related orgs
    $891,665
    Other
    $29,711
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $400,000 related
    Bonus
    $0 + $491,665 related
    Other
    $0
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $14,461 related
    Filer's total
    $0 + $921,376 related

  • Jaclyn Carmel

    MANAGING DIRECTOR

    Total calculated
    $441,864
    From this org
    $0
    From related orgs
    $403,125
    Other
    $38,739
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $222,500 related
    Bonus
    $0 + $180,625 related
    Other
    $0
    Deferred
    $0 + $14,800 related
    Nontaxable benefits
    $0 + $23,939 related
    Filer's total
    $0 + $441,864 related

  • Margarita Chavez

    CHIEF FINANCIAL OFFICER

    Total calculated
    $329,061
    From this org
    $0
    From related orgs
    $298,785
    Other
    $30,276
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $298,785 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,000 related
    Nontaxable benefits
    $0 + $15,276 related
    Filer's total
    $0 + $329,061 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PART II:
THE COMPENSATION REPORTED FOR THE OFFICERS AND DIRECTORS DISCLOSED IN THE FORM 990, PART VII AND SCHEDULE J RECEIVE THEIR COMPENSATION FROM AN AFFILIATED ORGANIZATION, ENDEAVOR GLOBAL INC.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ENDEAVOR CATALYST GP LLC

    GP FOR ENDEAVOR CATALYST I LP & ENDEAVOR CATALYST IDB SIDE CAR, LP · DE · income $371,094 · assets $423,611

    Directly controlled by CATALYST INC

  • ENDEAVOR CATALYST GP II LLC

    GP FOR ENDEAVOR CATALYST II LP & ENDEAVOR CATALYST II-A LP · DE · income $1,034,016 · assets $22,355

    Directly controlled by CATALYST INC

  • ENDEAVOR CATALYST GP III LLC

    GP FOR ENDEAVOR CATALYST III, LP · DE · income $13,891 · assets $3,644

    Directly controlled by CATALYST INC

  • ENDEAVOR CATALYST GP IV LLC

    GP FOR ENDEAVOR CATALYST IV, LP · DE · income $0 · assets $0

    Directly controlled by CATALYST INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ENDEAVOR CATALYST I LP

    EXCLUDED · INVEST IN ENDEAVOR ENTREPRENEURS · DE · 21.24% owned · share of income $512,255 · share of assets $2,998,233 · general or managing partner

    Directly controlled by CATALYST GP LLC

  • ENDEAVOR CATALYST IDB SIDE CAR LP

    EXCLUDED · INVEST IN ENDEAVOR ENTREPRENEURS · DE · 0.99% owned · share of income $842 · share of assets $7,426 · general or managing partner

    Directly controlled by CATALYST GP LLC

  • ENDEAVOR CATALYST II LP

    EXCLUDED · INVEST IN ENDEAVOR ENTREPRENEURS · DE · 13.9% owned · share of income $933,455 · share of assets $8,694,415 · general or managing partner

    Directly controlled by CATALYST GP II

  • ENDEAVOR CATALYST II-A LP

    EXCLUDED · INVEST IN ENDEAVOR ENTREPRENEURS · DE · 8.37% owned · share of income $21,406 · share of assets $140,961 · general or managing partner

    Directly controlled by CATALYST GP II

  • ENDEAVOR CATALYST III LP

    EXCLUDED · INVEST IN ENDEAVOR ENTREPRENEURS · DE · 7.9% owned · share of income -$178,383 · share of assets $9,624,522 · general or managing partner

    Directly controlled by CATALYST GP III

  • ENDEAVOR CATALYST IV LP

    EXCLUDED · INVEST IN ENDEAVOR ENTREPRENEURS · DE · 3.42% owned · share of income -$216,625 · share of assets $2,292,010 · general or managing partner

    Directly controlled by CATALYST GP IV

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ENDV TRADING ASIA PTE LTD

    C · SUPPORT NETWORKS OF HIGH IMPACT ENTREPRENEURS · SN

    Directly controlled by ENDEAVOR GLOBAL INC

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202343179349311954

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