Nonprofit · EIN 27-0135465
NFTE ENDOWMENT FUND INC
Tax-exempt · NEW YORK, NY 10005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $920,294 | $670,325 | $249,969 | $15,192,487 | $111,250 | $15,081,237 |
| June 30, 2024 | 990 | $404,658 | $667,410 | -$262,752 | $14,336,595 | $89,000 | $14,247,595 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $920,294
- Net gain from sales of assets
- $595,850
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $648,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $19,000
- Program services (functional)
- $648,000
- Management and general (functional)
- $22,325
Balance sheet and other
- Total assets, start of year
- $14,336,595
- Total assets, end of year
- $15,192,487
- Total liabilities, end of year
- $111,250
- Net assets, end of year
- $15,081,237
- Publicly traded securities
- $14,022,287
- Net assets with donor restrictions
- $15,081,237
- Gross receipts
- $1,869,800
- Employees
- 0
- Volunteers
- 1
- Year formed
- 2005
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR JEAN-DANIEL LAROCK | CEO/PRESIDENT Trustee or director, Officer | 2 | $0 | $688,238 | $62,932 |
| MARY RADFORD | TREASURER Officer | 2 | $0 | $323,845 | $19,461 |
| TUCKER YORK | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| ADAM KIRSCH | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR JEAN-DANIELE LAROCK | CEO/PRESIDENT Trustee or director, Officer | 2 | $0 | $540,360 | $57,506 |
| MARY RADFORD | TREASURER Officer | 2 | $0 | $277,445 | $13,638 |
| TUCKER YORK | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| ADAM KIRSCH | DIRECTOR, thru 2/20/24 Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 120 WALL STREET 18TH FLOOR, NEW YORK, NY 10005-4023
- In care of
- % MARY RADFORD
- Principal officer (990 for 2024)
- DR JEAN-DANIEL LAROCK, 120 WALL STREET 18TH FLOOR, NEW YORK, NY 10005
- Signed the 990
- DR JEAN-DANIEL LAROCK, CEO/PRESIDENT
- Phone
- (212) 232-3333
- Website
- WWW.NFTE.COM
- Return prepared by
- BDO USA
Mission
NFTE ENDOWMENT FUND, INC. IS A SUPPORTING ORGANIZATION FORMED FOR THE BENEFIT OF THE NETWORK FOR TEACHING ENTREPRENEURSHIP (NFTE). THE ORGANIZATION WILL INVEST ITS ASSETS AND PAY OVER TO NFTE ANY OR ALL THE INCOME IN ACCORDANCE WITH ITS DISTRIBUTION POLICY AND AT THE DISCRETION OF THE BOARD OF DIRECTORS. PAYMENTS BY THE ORGANIZATION CAN ONLY BE MADE TO NFTE OR FOR NFTE'S BENEFIT.
Program accomplishments
- THE ORGANIZATION MADE A DISTRIBUTION TO NETWORK FOR TEACHING ENTREPRENEURSHIP (A RELATED 501(C)(3) ORGANIZATION).Expenses $648,000 · grants $648,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 27-0135465
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2006
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P11)
- Assets (IRS master file)
- $15,192,487
- Income (IRS master file)
- $1,869,800
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $920,294 | $670,325 | $15,192,487 | XML |
| 990 | June 2024 | $404,658 | $667,410 | $14,336,595 | IRS |
| 990 | June 2023 | $371,151 | $657,316 | $12,822,605 | IRS |
| 990 | June 2022 | $850,178 | $772,310 | $12,111,727 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-0135465).
Questions about NFTE ENDOWMENT FUND INC
- What is the EIN of NFTE ENDOWMENT FUND INC?
- The employer identification number (EIN) of NFTE ENDOWMENT FUND INC is 27-0135465.
- Is NFTE ENDOWMENT FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to NFTE ENDOWMENT FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does NFTE ENDOWMENT FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NFTE ENDOWMENT FUND INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NFTE ENDOWMENT FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NFTE ENDOWMENT FUND INC?
- The 990 for the year ended June 30, 2025 names DR JEAN-DANIEL LAROCK.
- Who are the officers and directors of NFTE ENDOWMENT FUND INC?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does NFTE ENDOWMENT FUND INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $920,294, expenses of $670,325 and total assets of $15,192,487 at year end.
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