NonprofitsInstitute For Entrepreneurial Leadership Inc

Community Improvement & Capacity Building

Institute For Entrepreneurial Leadership Inc

NEWARK, NJ

Total revenue

$3.5M

Total expenses

$3.6M

Net assets

$2.0M

Grants received

$1.9M

14 grants

EIN

043660900

Tax year

2024

Mission

The institute for entrepreneurial leadership (ifel), founded in 2002, is an independent, 501(c)(3) nonprofit organization that seeks to foster a more inclusive entrepreneurial ecosystem. Our mission is to eradicate the systemic barriers that prevent people from historically excluded populations from accessing the knowledge, networks, and capital required for entrepreneurial success and wealth creation. Ifel works with corporate, institutional, higher education, and community partners to develop and implement innovative, inclusive, high-touch programming that promotes inclusion within the entrepreneurial ecosystem. Learn more about ifel at www.weareifel.org.

Programs

2 programs

Community small business capacity-building - while many business owners are great at producing a product or delivering a service based on their personal expertise they are not always great at the business of running a business. Through our success circles model we help business owners build a firm foundation from which to grow. Learn more at weareifel.org/for-entrepreneurs.org

Expenses: $785KGrants: $153K

Investor inclusion - increasing diversity in the investor community will lead to greater access to capital for more people. We offer programming designed to increase awareness about angel investing as an asset class and training to help people start their angel investor journey. Learn more at makingblackangels.org and pipelineangels.org

Expenses: $622KGrants: $927K

Financials

FY 2024

Revenue

Contributions & grants$3.2M
Program service revenue$247K
Investment income
Other revenue
Total revenue$3.5M

Expenses

Grants paid
Salaries & benefits$1.9M
Fundraising$452K
Other expenses$1.7M
Total expenses$3.6M
Total assets$3.1M
Net assets$2.0M

People

9 listed

NameRoleCompensation

JILL JOHNSON

CHIEF EXECUTIVE OFFICER

Board

$231K

40 hrs/wk

TOM REYNOLDS

DIRECTOR

Board

1 hrs/wk

GINA NISBETH

CHAIR

Board

1 hrs/wk

PASQUALE NOCITO

TREASURER

Board

1 hrs/wk

VIVEK MAGO

BOARD MEMBER

Board

1 hrs/wk

STEPHEN WHITE

BOARD MEMBER

Board

1 hrs/wk

ZOE BOGAN

DIRECTOR

Board

1 hrs/wk

STEPHANIE FOWLER

PRESIDENT, CAPITAL ACCESS

Staff

$236K

40 hrs/wk

JEREMEE JOHNSON

VICE PRESIDENT OF MARKETING

Staff

$112K

40 hrs/wk

Grants received

Showing 14 of 14

FromAmountPurposeYear
$50
MATCHING CONTRIBUTION (GENERAL OPERATING SUPPORT)
2024
$990K
ANGEL INCLUSION INITIATIVE
2023
$200K
CHARITABLE CONTRIBUTION - TO SUPPORT ECONOMIC DEVELOPMENT THROUGH ENTREPRENEURSHIP.
2023
$112K
For grant recipient's exempt purposes
2023
$50K
EVENT SPONSORSHIP
2023
$10K
PUBLIC, SOCIETAL BENEFIT
2023
$100K
General Support
2022
$30K
PROGRAM SUPPORT: SMALL BUSINESS STRENGTH
2021
$50K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$50K
ORGANIZATIONAL CAPACITY BUILDING
2018

Funded by

$1.9M from 13 funders · 14 grants · 2018–2024

Capital One Foundation Inc

$990K · 1 grant · 2023

Tamara L Harris Foundation Inc

$200K · 1 grant · 2023

Surdna Foundation Inc

$100K · 1 grant · 2022

The Impact Seat Foundation Corp

$50K · 1 grant · 2023

The Prudential Foundation

$50K · 1 grant · 2018

Details

EIN043660900
NTEE codeS30
Subsection03
Ruling date2003-10
Formed2002
Employees19
INSTITUTE FOR ENTREPRENEURIAL LEADERSHIP INC — Mission, Financials & Grants Received | Grantivo