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Nonprofiteer
← THE NASDAQ ENTREPRENEURIAL CENTER INC

Form 990 for tax year 2022

Filed by THE NASDAQ ENTREPRENEURIAL CENTER INC.

Totals

Total revenue
$4,251,800
Total expenses
$5,462,303
Contributions and grants received
$4,174,575
Grants paid
$1,386,012
Program services expenses (Part IX)
$4,172,401
Management and general expenses
$492,879
Fundraising expenses
$797,023
Program service expenses (Part III)
$4,172,401

Program services were 76.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JEFF THOMAS

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • STEVE BOCHNER

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JOHN SIMON

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JILLIAN MANUS

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SHIVANI SOPORY

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MICHELLE DI GANGI

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MATT PAGET

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JAILAN GRIFFITHS

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ROBURTA BURROUGHS MASSENAT

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MELISSA HONEYWELL

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • MELISSA RICK

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • NICOLA CORZINE

    EXECUTIVE DIRECTOR

    Total calculated
    $294,397
    From this org
    $275,982
    From related orgs
    $0
    Other
    $18,415
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,000
    Bonus
    $55,982
    Other
    $0
    Deferred
    $6,415
    Nontaxable benefits
    $12,000
    Filer's total
    $294,397

  • CELENA APONTE

    VICE PRESIDENT OF STRATEGY

    Total calculated
    $267,977
    From this org
    $254,223
    From related orgs
    $0
    Other
    $13,754
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,000
    Bonus
    $74,223
    Other
    $0
    Deferred
    $1,754
    Nontaxable benefits
    $12,000
    Filer's total
    $267,977

  • COLIN MAHIN

    DIRECTOR OF PROGRAMS

    Total calculated
    $116,458
    From this org
    $107,369
    From related orgs
    $0
    Other
    $9,089
    Hours/week
    40

  • KAMYRISA TWIGGS TAYLOR

    DIRECTOR OF MILESTONE CIRCLES

    Total calculated
    $116,415
    From this org
    $103,000
    From related orgs
    $0
    Other
    $13,415
    Hours/week
    40

  • BROOKE PALIZI

    DIRECTOR OF MARKETING

    Total calculated
    $117,583
    From this org
    $101,673
    From related orgs
    $0
    Other
    $15,910
    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 — 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
2022
Filed
24 October 2023
IRS schema version
2022v5.0
Source object
202313039349302016

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