2025-10-30T10:13:42-05:00 2024-12-31 814234542 BPM LLP ONE CALIFORNIA STREET SUITE 2500 SAN FRANCISCO CA 941115426 990 2024-01-01 471253460 THE NASDAQ ENTREPRENEURIAL CENTER INC NASD 4157922492 505 HOWARD STREET 100 SAN FRANCISCO CA 94105 NICOLA CORZINE EXECUTIVE DIRECTOR 4157922492 2025-10-29 1 1 JEANETTE M LEE P01073684 4154215757 2025-10-29 2024 2025-03-06 01:10:19Z NICOLA CORZINE 505 HOWARD STREET 100 SAN FRANCISCO CA 94105 3335587 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. 7 7 18 200 0 0 7832663 3209815 38678 33528 0 92244 0 0 7871341 3335587 432500 48000 0 0 1718574 1732250 0 0 617253 2663660 2897222 4814734 4677472 3056607 -1341885 9407024 6139347 2623026 1225334 6783998 4914013 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 ACCESS AND KNOWLEDGE TO COMMUNITIES UNDER-REPRESENTED IN ENTREPRENEURIAL ENDEAVORS. 0 0 3567755 48000 33528 WE'RE HONORED TO HAVE SUPPORTED OVER 105,000 UNDERRESOURCED ENTREPRENEURS SINCE 2014. THE CENTER MEETS THE REAL TIME NEEDS OF ENTREPRENEURS THROUGH EDUCATIONAL PROGRAMMING AND THEN SHARES ITS LEARNINGS WITH POLICY-LEADERS, CAPITAL ALLOCATORS AND ACADEMIC INSTITUTIONS. TO DATE, OVER 13,000 HOURS OF FREE TECHNICAL ASSISTANCE AND MENTORING SUPPORT HAS BEEN PROVIDED BY OVER 300 TEACHING EXPERTS IN SUPPORT OF ADVANCING ACCESS AND KNOWLEDGE IN ENTREPRENEURSHIP. 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 UNDER-RESOURCED FOUNDERS WHICH IS NOW UNDERWAY OF ACTIVATING A NETWORK OF CITY LEADERS AND POLICY CHAMPIONS IN SUPPORT OF HEALTHY ENTREPRENEURIAL ECOSYSTEMS THAT WILL INSPIRE THE NEXT WAVE OF CITIES TO HAVE ACTIONABLE INSIGHTS THAT DRIVE POSITIVE OUTCOMES ACROSS ALL STAKEHOLDER GROUPS. 3567755 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 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 9 0 1 18 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 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 STEVE BOCHNER MEMBER 2.00 X 0 0 0 ROBURTA BURROUGHS MASSENAT MEMBER 2.00 X 0 0 0 JAILAN GRIFFITHS BOARD CHAIR 2.00 X X 0 0 0 JILLIAN MANUS MEMBER 2.00 X 0 0 0 MATT PAGET MEMBER 2.00 X 0 0 0 SHIVANI SOPORY MEMBER 2.00 X 0 0 0 MANAN MEHTA MEMBER 2.00 X 0 0 0 MELISSA HONEYWELL TREASURER 2.00 X 0 0 0 NICOLA CORZINE EXECUTIVE DIRECTOR AND SECRETARY 40.00 X 400219 0 15634 CELENA APONTE VICE PRESIDENT OF STRATEGY 40.00 X 439759 0 13649 COLIN MAHIN DIRECTOR OF PROGRAMS 40.00 X 115229 0 9627 BROOKE PALIZI DIRECTOR OF MARKETING 40.00 X 102935 0 16289 KAMYRISA TWIGGS TAYLOR DIRECTOR OF MILESTONE CIRCLES 40.00 X 118472 0 14418 1176614 0 69617 5 0 1 0 MAGNETIC MAGNIFICANT EVENTS 378 SANTANA ROW 316 SAN JOSE CA 95128 EVENT PLANNING 138559 JESSICA STRAUS FUCHS CONSULTING LLC 2201 16TH AVE SAN FRANCISCO CA 94116 RESEARCH AND PROJECT MANAGEMENT 109000 GLOBAL PHILOS BUSINESS SOLUTIONS INC 11365 GOLF LINKS RD OAK LAND CA 94605 CONSULTING SERVICES 101500 3 3209815 24369 3209815 EVENT SALES 900099 33528 33528 33528 92244 92244 3335587 33528 0 92244 X 48000 48000 869260 678023 86926 104311 735593 573762 73559 88272 21176 16517 2118 2541 17979 14024 1798 2157 88242 68829 8824 10589 622 311 311 64693 64693 633341 475005 31668 126668 12461 9720 1246 1495 51951 31171 20780 1216856 949147 121686 146023 56270 28135 11254 16881 429764 335216 42976 51572 78332 61099 7833 9400 PROPERTY & OTHER TAXES 229785 179232 22979 27574 DUES & SUBSCRIPTIONS 61326 52127 9199 GENERAL & ADMINISTRATIV 27810 21693 2780 3337 TELEPHONE 18256 14239 1826 2191 15755 11816 788 3151 4677472 3567755 492464 617253 2738610 3015081 4755357 2459398 112814 133841 8637 24058 5611774 5325264 716274 286510 1075332 220459 9407024 6139347 750728 818699 533966 131966 1338332 274669 2623026 1225334 X 2180041 2454615 4603957 2459398 6783998 4914013 9407024 6139347 -1341885 -528100 0 X X 0 1 X 1 0 X 2214300 6110700 4174575 7304563 3209815 23013953 2214300 6110700 4174575 7304563 3209815 23013953 14849286 8164667 92244 92244 23106197 202937 0.35340 0.39900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4086996 3814530 272466 19448 19448 0 1505330 1491286 14044 286510 OPERATING LEASE LIABILITY 274669 274669 X 2923472 115985 115985 2807487 528100 528100 3335587 4793457 115985 115985 4677472 0 4677472 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, 2024 OR 2023. 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF BAD DEBT 528,100. 1 WASHINGTON AREA COMMUNITY INVESTMENT FUND INC 2012 RHODE ISLAND AVENUE NE WASHINGTON DC 20018 541442466 501(C)(3) 48000 0 GENERAL SUPPORT 1 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 CELENA APONTE VICE PRESIDENT OF STRATEGY 190958 0 248801 0 0 0 1649 0 12000 0 453408 0 0 0 NICOLA CORZINE EXECUTIVE DIRECTOR AND SECRETARY 233393 0 166826 0 0 0 3634 0 12000 0 415853 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. LEADERSHIP PROVIDES RESEARCH AND INFORMATION TO THE BOARD TO HELP INFORM RECOMMENDATIONS ON THE COMPENSATION GUIDELINES FOR THE ORGANIZATION, INCLUDING (SALARY AND BENEFITS) THE EXECUTIVE DIRECTOR (AND OTHER HIGHLY COMPENSATED EMPLOYEES) BASED ON A REVIEW OF COMPARABILITY DATA. THIS PROCESS INCLUDES 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) 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 CHAIR 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 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. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 475,005. MANAGEMENT AND GENERAL EXPENSES 31,668. FUNDRAISING EXPENSES 126,668. TOTAL EXPENSES 633,341. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR