NonprofitsEnye Inc

Community Improvement & Capacity Building

Enye Inc

COLORADO SPGS, CO

Total revenue

$246K

Total expenses

$231K

Net assets

$26K

Grants received

$185K

2 grants

EIN

815245038

Tax year

2020

Mission

Enye is a non profit committed to empowering aspiring engineers and entrepreneurs in the developing country of nigeria. Our program pairs these two groups together in a full scholarship based program. Enye provides technical and business mentorship while they develop an mvp software application. At the end of each program the engineers are placed into secured employment, usually at each entrepreneurs company. In this way we are creating a commerce and digital infrastructure engine to help raise the standard of living in developing countries like nigeria.

Programs

2 programs

Ingressive for good (phase 1) - ingressive for good's mission is to create and increase the earning power of tech talents in africa by training 1 million youths and connecting 5,000 to jobs.microscholarships: 5 scholarships / $4,000 in support / 7 laptops deployedtalent placement: 100+ talents placedtalent training: 6 partnerships / 5,000 coursera licenses / 25,000+ trainedcommunity development: 11,000 network / 42 ambassadors / 30 campuses / 600 membersmentorship: 14 mentors and mentor program automation support

Expenses: $83KGrants: $83K

Ingressive for good (phase 2) - phase 1 was to fund the creation of ingressive for good (i4g). Phase 2 was to fund the expansion. The in progress goals are below:team expansion: hire executive director, fundraising specialist, tax specialistcommunity expansion: increase nigerian campus inclusion by 100%microscholarship expansion: increase scholarship size and frequencycommunity challenges: increasing awards and challenges in existing program to attract higher level talent.

Expenses: $98KGrants: $98K

Financials

FY 2020

Revenue

Contributions & grants$196K
Program service revenue$50K
Investment income
Other revenue
Total revenue$246K

Expenses

Grants paid$180K
Salaries & benefits
Fundraising
Other expenses$51K
Total expenses$231K
Total assets$26K
Net assets$26K

People

3 listed

NameRoleCompensation

UCHECHUKWU NNADI

CHIEF EXECUTIVE OFFICER

Board

30 hrs/wk

EMMANUEL EZEAGWULA

CHIEF TECHNICAL OFFICER

Board

5.5 hrs/wk

MICHAEL PACCIONE

CHIEF FINANCIAL OFFICER

Board

3.5 hrs/wk

Grants received

Showing 2 of 2

FromAmountPurposeYear
$100K
For grant recipient's exempt purposes
2020
$85K
For grant recipient's exempt purposes
2019

Funded by

$185K from 1 funder · 2 grants · 2019–2020

Fidelity Investments Charitable Gift Fund

$185K · 2 grants · 2019–2020

Details

EIN815245038
NTEE codeS80
Subsection03
Ruling date2017-09
Formed2017
Employees0
Volunteers3
ENYE INC — Mission, Financials & Grants Received | Grantivo