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Nonprofiteer
← NORTHEAST ENTREPRENEUR FUND INC

Form 990 for tax year 2022

Filed by NORTHEAST ENTREPRENEUR FUND INC.

Totals

Total revenue
$13,045,758
Total expenses
$7,187,889
Contributions and grants received
$10,144,224
Grants paid
$553,000
Program service revenue
$2,886,123
Investment income
$7,410
Other revenue
$8,001
Total assets, end of year
$67,902,279
Total liabilities, end of year
$43,765,331
Net assets or fund balances, end of year
$24,136,948
Program services expenses (Part IX)
$5,711,590
Management and general expenses
$1,025,008
Fundraising expenses
$451,291
Program service expenses (Part III)
$5,711,590

Program services were 79.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DAVID MANION

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ANDY DONAHUE

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • TABATHA BEIER

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ROBIN ROSENBAUM

    SECRETARY/TREASURER (TERMED 2/22)

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH CHAPMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MEGAN ERICKSON KELLIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ARIK FORSMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DUSTIN GOSLIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL HOLDEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CRYSTAL ROHDE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DIANE WEBER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHAWN WELLNITZ

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $264,381
    From this org
    $252,778
    From related orgs
    $0
    Other
    $11,603
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $232,067
    Bonus
    $20,500
    Other
    $211
    Deferred
    $11,603
    Nontaxable benefits
    $0
    Filer's total
    $264,381

  • CARLA TICHY

    DIR. OF ACCOUNTING AND COMPLIANCE

    Total calculated
    $127,919
    From this org
    $105,447
    From related orgs
    $0
    Other
    $22,472
    Hours/week
    50

  • MICHAEL LATTERY

    DIRECTOR OF BUSINESS FINANCE

    Total calculated
    $165,549
    From this org
    $146,295
    From related orgs
    $0
    Other
    $19,254
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,523
    Bonus
    $13,600
    Other
    $172
    Deferred
    $7,315
    Nontaxable benefits
    $11,939
    Filer's total
    $165,549

  • ZACHARY HOY

    CREDIT MANAGER

    Total calculated
    $122,000
    From this org
    $103,492
    From related orgs
    $0
    Other
    $18,508
    Hours/week
    40

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

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
3 November 2023
IRS schema version
2022v5.0
Source object
202343119349302744

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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