2023-10-30T13:19:14-05:00 2022-12-31 814234542 BPM LLP 4200 BOHANNON DRIVE SUITE 250 MENLO PARK CA 940251021 990 2022-01-01 471253460 THE NASDAQ ENTREPRENEURIAL CENTER INC NASD 4157922492 505 HOWARD STREET 100 SAN FRANCISCO CA 94105 NICOLA CORZINE EXECUTIVE DIRECTOR 4157922492 2023-10-24 1 NICOLA CORZINE 999009999 0 ELENA P SEREBRIAKOVA P01382840 6508556800 2023-10-24 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z NICOLA CORZINE 505 HOWARD STREET 100 SAN FRANCISCO CA 94105 4251800 0 X THECENTER.NASDAQ.ORG X 2014 DE DELIVER WORLD-CLASS RESOURCES AND MENTORING TO ENABLE EVERY ENTREPRENEUR ACROSS THE GLOBE TO REALIZE THEIR MAXIMUM POTENTIAL. 9 9 12 150 0 0 6110700 4174575 3127 77225 0 0 0 0 6113827 4251800 700207 1386012 0 0 1369913 1577413 0 0 797023 2093890 2498878 4164010 5462303 1949817 -1210503 6201342 7922340 1263448 4194949 4937894 3727391 X ESTABLISHED IN 2014, THE NASDAQ ENTREPRENEURIAL CENTER (THE "CENTER") IS AN INDEPENDENT CHARITY DEDICATED TO EDUCATING THE PUBLIC ABOUT ENTREPRENEURSHIP AND EDUCATING INDIVIDUAL ENTREPRENEURS ON SUBJECTS USEFUL TO THEM AND BENEFICIAL TO THE COMMUNITY. THE CENTER IS ALSO DEDICATED TO IMPROVING INCLUSION AND ACCESS TO COMMUNITIES UNDER-REPRESENTED IN ENTREPRENEURIAL ENDEAVORS. 0 0 4172401 1386012 77225 WE'RE HONORED TO HAVE WORKED WITH OVER 75,000 ENTREPRENEURS SINCE 2014, HALF OF WHOM ARE WOMEN AND MORE THAN 66% OF WHOM ARE PERSONS OF COLOR.THE VENTURE EQUITY PROJECT IS A PROJECT THAT AIMS TO PERMANENTLY REDUCE THE BARRIERS THAT IMPEDE PERSONS OF COLOR WHO WISH TO PURSUE THEIR ENTREPRENEURIAL DREAMS. THE FIRST TWO YEARS FOSTERED INTERVENTIONS ACROSS RESEARCH, PRACTICE AND POLICY WITH RESULTS ACROSS ALL 6 CONDITIONS OF SYSTEM CHANGE (POLICIES, PRACTICES, RESOURCE FLOWS, RELATIONSHIPS & CONNECTIONS, POWER DYNAMICS, MENTAL MODELS). DOZENS OF CONVENINGS IN THE US AND UK WITH INFLUENTIAL LIMITED PARTNERS, GENERAL PARTNERS, DIVERSE FOUNDERS, AND DATA-PROVIDING ORGANIZATIONS LIKE PITCHBOOK AND GO DADDY'S VENTURE FORWARD RESULTED IN ACCELERATED SUPPORT AND THE IDENTIFICATION OF CRITICAL INTERVENTION OPPORTUNITIES AT THE INTERSECTION OF RACE, GENDER, AND GEOGRAPHY. FEATURED IN FORTUNE MAGAZINE, OUR WORK EARNED US A SEAT AT THE US TREASURY'S FREEDMAN'S FORUM, AND THE VISIBILITY GRANTED BY FEATURES ON THE NASDAQ TOWER IN TIMES SQUARE CONTINUE TO GENERATE SIGNIFICANT NETWORK EFFECT AND MEDIA IMPRESSIONS FOR BOTH THE EMERGING MANAGERS WE FEATURED AND THE PROJECT ITSELF. WE ARE STRATEGICALLY POISED TO EXPAND OUR MEDIA AND STORYTELLING PLATFORM WITH INCREASED PRECISION AND RELEVANCE. BASED ON CONVERGENT WORK FROM QUANTITATIVE ANALYSIS ON ENTREPRENEUR DATA AND POLICY LANDSCAPE SCAN WE ARE IN A UNIQUE POSITION TO USE EXISTING RESEARCH TO INFORM A MODEL TO IDENTIFY CITIES THAT SCORE THE HIGHEST IN BUILDING AN ECOSYSTEM OF SUPPORT FOR VENTURE BACKED/ASPIRING ENTREPRENEURS OF COLOR. OUR 2-YEAR STRATEGY ACTIVATES A NETWORK OF CITY LEADERS AND POLICY CHAMPIONS IN SUPPORT OF HEALTHY ENTREPRENEURIAL ECOSYSTEMS AND INSPIRES THE NEXT WAVE OF CITIES TO HAVE ACTIONABLE INSIGHTS THAT DRIVE POSITIVE OUTCOMES ACROSS ALL STAKEHOLDER GROUPS 4172401 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X NICOLA CORZINE 4157922492 505 HOWARD STREET SUITE 100 SAN FRANCISCO CA 94105 JEFF THOMAS CHAIRMAN 2.00 X X 0 0 0 STEVE BOCHNER MEMBER 2.00 X 0 0 0 JOHN SIMON MEMBER 2.00 X 0 0 0 JILLIAN MANUS MEMBER 2.00 X 0 0 0 SHIVANI SOPORY MEMBER 2.00 X 0 0 0 MICHELLE DI GANGI MEMBER 2.00 X 0 0 0 MATT PAGET MEMBER 2.00 X 0 0 0 JAILAN GRIFFITHS MEMBER 2.00 X 0 0 0 ROBURTA BURROUGHS MASSENAT MEMBER 2.00 X 0 0 0 MELISSA HONEYWELL TREASURER 2.00 X 0 0 0 MELISSA RICK SECRETARY 2.00 X 0 0 0 NICOLA CORZINE EXECUTIVE DIRECTOR 40.00 X 275982 0 18415 CELENA APONTE VICE PRESIDENT OF STRATEGY 40.00 X 254223 0 13754 COLIN MAHIN DIRECTOR OF PROGRAMS 40.00 X 107369 0 9089 KAMYRISA TWIGGS TAYLOR DIRECTOR OF MILESTONE CIRCLES 40.00 X 103000 0 13415 BROOKE PALIZI DIRECTOR OF MARKETING 40.00 X 101673 0 15910 842247 0 70583 5 0 1 0 0 4174575 4174575 EVENT SALES 900099 77225 77225 77225 4251800 77225 0 0 997774 997774 388238 388238 294397 206078 55935 32384 1121425 784997 213071 123357 15781 11046 2998 1737 63387 44371 12044 6972 82423 57696 15660 9067 1878 939 939 55460 55460 411412 212043 199369 7758 6135 522 1101 42005 41080 198 727 1123996 809277 67440 247279 73169 51218 13902 8049 429764 309430 25786 94548 62936 45314 3776 13846 PROPERTY & OTHER TAXES 236297 170172 14128 51997 DUES & SUBSCRIPTIONS 29113 20433 5178 3502 TELEPHONE 13440 9408 2554 1478 GENERAL & ADMINISTRATIV 7290 3700 2460 1130 4360 3052 828 480 5462303 4172401 492879 797023 1127013 3269470 3487923 1479327 8215 68971 2389 69282 5611774 4465736 1575802 1146038 0 1889252 6201342 7922340 677876 708883 1157004 585572 2329062 1263448 4194949 X 1437894 2248064 3500000 1479327 4937894 3727391 6201342 7922340 -1210503 0 X X 0 1 X 1 0 X 3510021 836721 2214300 6110700 4174575 16846317 3510021 836721 2214300 6110700 4174575 16846317 7653518 9192799 16846317 836189 0.54570 0.71840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4086996 2997131 1089865 19448 19448 0 1505330 1449157 56173 1146038 OPERATING LEASE - RIGHT-OF-USE ASSET 1889252 1889252 OPERATING LEASE LIABILITY 2329062 2329062 X 4413132 161332 161332 4251800 0 4251800 5623635 161332 161332 5462303 0 5462303 PART X, LINE 2: THE CENTER IS CONSIDERED A PUBLIC CHARITY AND IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE. THE CENTER IS EXEMPT FROM STATE TAX UNDER STATE OF CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D, WHEREBY ONLY UNRELATED BUSINESS INCOME IS SUBJECT TO FEDERAL AND STATE INCOME TAX. THE CENTER HAD NO UNRECOGNIZED TAX BENEFITS AS OF DECEMBER 31, 2022 OR 2021. THE CENTER FILES AN EXEMPT ORGANIZATION RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD. THE CENTER IS NOT AWARE OF ANY TRANSACTIONS THAT WOULD AFFECT ITS TAX-EXEMPT STATUS. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANT MAKING 388238 0 0 0 0 0 0 388238 0 388238 EUROPE (INCLUDING ICELAND & GREENLAND) GENERAL SUPPORT 206325 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) GENERAL SUPPORT 134663 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) GENERAL SUPPORT 47250 WIRE 0 3 0 0 0 0 0 0 0 PART III ACCOUNTING METHOD: PART I, LINE 2: QUARTERLY AND/OR ANNUAL REPORTS ARE PROVIDED BY EACH SUBAWARD PARTICIPANT TO EACH GRANT. 1 CAMELBACK VENTURES 612 ANDREW HIGGINS BLVD NEW ORLEANS LA 70130 463169470 501(C)(3) 202506 0 GENERAL SUPPORT CARNEGIE MELLON UNIVERSITY PO BOX 371032 PITTSBURGH PA 15250 250969449 501(C)(3) 150806 0 GENERAL SUPPORT INSTITUTE FOR ENTREPRENEURIAL LEADERSHIP 550 BROAD STREET 15TH FLOOR NEWARK NJ 07102 043660900 501(C)(3) 112612 0 GENERAL SUPPORT OPEN COLLECTIVE 340 S LEMON AVE 3717 WALNUT CA 91789 814004928 501(C)(3) 97650 0 GENERAL SUPPORT VETSINTECH 88 KING STREET UNIT 703 SAN FRANCISCO CA 94107 464256110 501(C)(3) 81900 0 GENERAL SUPPORT STANFORD UNIVERSITY 3145 PORTER DRIVE PALO ALTO CA 94304 941156365 501(C)(3) 150019 0 GENERAL SUPPORT PENN STATE UNIVERSITY 408 OLD MAIN UNIVERSITY PARK PA 16802 246000376 501(C)(3) 202281 0 GENERAL SUPPORT 7 0 PART I, LINE 2: QUARTERLY AND/OR ANNUAL REPORTS ARE PROVIDED BY EACH SUBAWARD PARTICIPANT TO EACH GRANT. X X X 0 0 0 1 0 0 0 0 0 NICOLA CORZINE EXECUTIVE DIRECTOR 220000 0 55982 0 0 0 6415 0 12000 0 294397 0 0 0 CELENA APONTE VICE PRESIDENT OF STRATEGY 180000 0 74223 0 0 0 1754 0 12000 0 267977 0 0 0 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. FORM 990, PART VI, SECTION B, LINE 11B BEFORE FORM 990 IS FILED WITH THE IRS, ALL OF THE DIRECTORS WILL BE PROVIDED WITH A COMPLETE DRAFT AND WILL BE PROVIDED WITH AN OPPORTUNITY TO REVIEW AND PROVIDE FEEDBACK. FORM 990, PART VI, SECTION B, LINE 12C PURSUANT TO THE CORPORATION'S CONFLICT OF INTEREST POLICY, ALL OF THE CORPORATION'S DIRECTORS, OFFICERS, AND KEY EMPLOYEES (IF ANY) ARE REQUIRED TO ABIDE BY THE CORPORATION'S CONFLICT OF INTEREST POLICY AND ANNUALLY (AND AS OTHERWISE NECESSARY) COMPLETE AND RETURN (TO THE BOARD OR THE SECRETARY OF THE CORPORATION) A DISCLOSURE STATEMENT REGARDING ANY POTENTIAL FINANCIAL CONFLICTS OF INTEREST. BEFORE THE OFFICERS OR DIRECTORS APPROVE ANY FINANCIAL TRANSACTIONS ON BEHALF OF THE CORPORATION INVOLVING A FINANCIAL CONFLICT OF INTEREST, THE EXISTENCE OF ANY SUCH CONFLICT NEEDS TO BE DISCLOSED TO THE BOARD AND IF THE BOARD DETERMINES THAT THERE IS SUCH A CONFLICT, THEN THE DISTERESTED DIRECTORS (WITH REGARD TO THE TRANSACTION) WILL APPROVE THE TRANSACTION IF THEY DETERMINE THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE CORPORATION, IS FAIR AND REASONABLE TO THE CORPORATION, AND WHETHER IT WOULD BE POSSIBLE, WITH REASONABLE EFFORT, TO FIND A MORE ADVANTAGEOUS ARRANGEMENT WITH A DISINTERESTED PARTY OR ENTITY. FORM 990, PART VI, SECTION B, LINE 15 NASDAQ ENTREPRENEURIAL CENTER'S BOARD OF DIRECTORS ANNUALLY EVALUATES THE EXECUTIVE DIRECTOR ON HIS/HER PERFORMANCE, AND ASKS FOR HIS/HER INPUT ON MATTERS OF PERFORMANCE AND COMPENSATION. BOARD APPROVAL. THE HUMAN RESOURCE TEAM PROVIDES RESEARCH AND INFORMATION TO HELP INFORM RECOMMENDATIONS ON THE COMPENSATION (SALARY AND BENEFITS) OF THE EXECUTIVE DIRECTOR (AND OTHER HIGHLY COMPENSATED EMPLOYEES OR CONSULTANTS) BASED ON A REVIEW OF COMPARABILITY DATA. THIS PROCESS INCLUDES INCLUDING EVALUATING COMPENSATION LEVELS AND BENEFITS FOR SIMILARLY QUALIFIED INDIVIDUALS IN COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. CONCURRENT DOCUMENTATION. TO APPROVE THE COMPENSATION FOR THE EXECUTIVE DIRECTOR (AND OTHER HIGHLY COMPENSATED EMPLOYEES AND CONSULTANTS) THE BOARD DOCUMENTS ITS DECISIONS IN MINUTES OF THE MEETING. DOCUMENTATION INCLUDES: A) A DESCRIPTION OF THE COMPENSATION AND BENEFITS AND THE DATE IT WAS APPROVED; B) THE MEMBERS OF THE BOARD WHO WERE PRESENT DURING THE DISCUSSION ABOUT COMPENSATION AND BENEFITS, AND THE RESULTS OF THE VOTE; C) ANY ACTIONS TAKEN (SUCH AS ABSTAINING FROM DISCUSSION AND VOTE) WITH RESPECT TO CONSIDERATION OF THE COMPENSATION BY ANYONE WHO IS OTHERWISE A MEMBER OF THE BOARD BUT WHO HAD A CONFLICT OF INTEREST WITH RESPECT TO THE DECISION OF THE COMPENSATION AND BENEFITS. INDEPENDENCE IN SETTING COMPENSATION. THE PRESIDENT OF THE BOARD OF DIRECTORS, WHO IS A VOLUNTEER AND NOT COMPENSATED BY THE NASDAQ ENTREPRENEURIAL CENTER, OPERATES INDEPENDENTLY WITHOUT UNDUE INFLUENCE FROM THE EXECUTIVE DIRECTOR. NO MEMBER OF THE EXECUTIVE COMPENSATION OR HUMAN RESOURCES COMMITTEE WILL BE A STAFF MEMBER, THE RELATIVE OF A STAFF MEMBER, OR HAVE ANY RELATIONSHIP WITH STAFF THAT COULD PRESENT A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE THROUGH WRITTEN REQUEST. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.