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Nonprofiteer
← THE NASDAQ ENTREPRENEURIAL CENTER INC

Form 990 for tax year 2024

Filed by THE NASDAQ ENTREPRENEURIAL CENTER INC.

Totals

Total revenue
$3,335,587
Total expenses
$4,677,472
Contributions and grants received
$3,209,815
Grants paid
$48,000
Program service revenue
$33,528
Investment income
$92,244
Other revenue
$0
Total assets, end of year
$6,139,347
Total liabilities, end of year
$1,225,334
Net assets or fund balances, end of year
$4,914,013
Program services expenses (Part IX)
$3,567,755
Management and general expenses
$492,464
Fundraising expenses
$617,253
Program service expenses (Part III)
$3,567,755

Program services were 76.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • STEVE BOCHNER

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ROBURTA BURROUGHS MASSENAT

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JAILAN GRIFFITHS

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • JILLIAN MANUS

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MATT PAGET

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SHIVANI SOPORY

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MANAN MEHTA

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MELISSA HONEYWELL

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • NICOLA CORZINE

    EXECUTIVE DIRECTOR AND SECRETARY

    Total calculated
    $415,853
    From this org
    $400,219
    From related orgs
    $0
    Other
    $15,634
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,393
    Bonus
    $166,826
    Other
    $0
    Deferred
    $3,634
    Nontaxable benefits
    $12,000
    Filer's total
    $415,853

  • CELENA APONTE

    VICE PRESIDENT OF STRATEGY

    Total calculated
    $453,408
    From this org
    $439,759
    From related orgs
    $0
    Other
    $13,649
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,958
    Bonus
    $248,801
    Other
    $0
    Deferred
    $1,649
    Nontaxable benefits
    $12,000
    Filer's total
    $453,408

  • COLIN MAHIN

    DIRECTOR OF PROGRAMS

    Total calculated
    $124,856
    From this org
    $115,229
    From related orgs
    $0
    Other
    $9,627
    Hours/week
    40

  • BROOKE PALIZI

    DIRECTOR OF MARKETING

    Total calculated
    $119,224
    From this org
    $102,935
    From related orgs
    $0
    Other
    $16,289
    Hours/week
    40

  • KAMYRISA TWIGGS TAYLOR

    DIRECTOR OF MILESTONE CIRCLES

    Total calculated
    $132,890
    From this org
    $118,472
    From related orgs
    $0
    Other
    $14,418
    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 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 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)

PART I, LINE 5
IN ADDITION TO BASE SALARY AND BENEFITS, THE ORGANIZATION PROVIDES INCENTIVE COMPENSATION TO INDIVIDUAL EMPLOYEES. FOR EMPLOYEES OTHER THAN THE EXECUTIVE DIRECTOR, QUARTERLY INCENTIVE COMPENSATION FOR AN EMPLOYEE IS CALCULATED ON THE BASIS OF PRE-SPECIFIED PERCENTAGES OF GROSS FUNDRAISING REVENUE ACHIEVED BY THE EMPLOYEE IN THAT QUARTER. PERCENTAGES VARY FROM 2.5% TO 20% ACCORDING TO THE SPECIFIC CATEGORY OF FUNDRAISING REVENUE REALIZED. TOTAL SALARY INCLUDING INCENTIVE COMPENSATION FOR THESE EMPLOYEES IS SUBJECT TO A FIXED CAP. THE EXECUTIVE DIRECTOR IS ELIGIBLE FOR QUARTERLY INCENTIVE COMPENSATION EQUAL TO 10% OF ANNUAL BASE SALARY FOR ACHIEVING CERTAIN PRE-DETERMINED PERFORMANCE GOALS. THE EXECUTIVE DIRECTOR IS FURTHER ELIGIBLE FOR ANNUAL INCENTIVE COMPENSATION OF UP TO 40% OF BASE SALARY AS A RESULT OF EXCEEDING PRE-DETERMINED PERFORMANCE GOALS BY A PRE-SPECIFIED MARGIN. FOR ALL EMPLOYEES, ANY AWARD OF INCENTIVE COMPENSATION IS SUBJECT TO THE ULTIMATE APPROVAL OF THE EXECUTIVE COMMITTEE OF THE ORGANIZATION'S BOARD OF DIRECTORS.

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

Provenance

Return type
form_990
Tax year
2024
Filed
29 October 2025
IRS schema version
2024v5.2
Source object
202513039349300736

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