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Institute For Entrepreneurial Leadership Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043660900 ✦ Newark, NJ ✦ Designated as a 501(c)(3)

Overview

What is Institute For Entrepreneurial Leadership Inc?

The Institute for Entrepreneurial Leadership Inc., established in 2002, is a Newark-based nonprofit dedicated to fostering economic development through entrepreneurship. With a commitment to promoting diversity and inclusion in funding, this organization aims to eradicate systemic barriers preventing historically excluded populations from accessing essential resources for entrepreneurial success and wealth creation. The Institute offers knowledge, networks, and capital, providing a level playing field for all individuals to thrive in the entrepreneurial sphere. Visit www.weareifel.org to learn more about their mission and initiatives.


Official website here: www.weareifel.org

Is Institute For Entrepreneurial Leadership Inc legitimate?

Institute For Entrepreneurial Leadership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute For Entrepreneurial Leadership Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $307,593
Professional Fundraising Fees: $0
Other Salaries and Wages: $768,616

For more financial information, click here


Official website here: www.weareifel.org

What is the mission statement of Institute For Entrepreneurial Leadership Inc?

The Institute for Entrepreneurial Leadership (IFEL) is an independent, nonprofit organization established in 2002 with a mission to eradicate the systemic barriers preventing historically excluded populations from accessing the necessary knowledge, networks, and capital required for entrepreneurial success and wealth creation. By focusing on diversity and inclusion, IFEL aims to support economic development through entrepreneurship, envisioning a future where these populations have equal opportunities for success. The organization's activities are centered around eliminating the systemic obstacles that hinder entrepreneurial growth among historically marginalized communities.


Official website here: www.weareifel.org

Who is the CEO of Institute For Entrepreneurial Leadership Inc?

Jill L Johnson is the Chairman of Institute For Entrepreneurial Leadership Inc. The CEO's salary of Institute For Entrepreneurial Leadership Inc is $307,595 and their total compensation is $307,595.


Official website here: www.weareifel.org

What is the revenue of Institute For Entrepreneurial Leadership Inc?

Institute For Entrepreneurial Leadership Inc's revenue in 2022 was $2,362,721.


Official website here: www.weareifel.org

Who are the executives of Institute For Entrepreneurial Leadership Inc and what are their salaries?

The average compensation at Institute For Entrepreneurial Leadership Inc during 2022 was $53,810. There are 20 employees and 1,200 volunteers at Institute For Entrepreneurial Leadership Inc.

Here are 6 key members and their salaries (Institute For Entrepreneurial Leadership Inc's CEO's salary is $307,595 and their total compensation is $307,595):

    Jill Johnson (Chief Executive Officer)
  • Compensation: $307,595
  • Related: $0
  • Other: $0

    • Larry Bailin (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pasquale Nocito (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stephen White (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Zoe Bogan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Reynolds (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.weareifel.org

    Where can I find the form 990 for Institute For Entrepreneurial Leadership Inc?

    The Institute For Entrepreneurial Leadership Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.weareifel.org

    Learn more at the official website: www.weareifel.org

    Mission Statement of Institute For Entrepreneurial Leadership Inc

    The Institute for Entrepreneurial Leadership (IFEL) is a nonprofit organization established in 2002 with a mission to foster economic development by promoting entrepreneurship. With a strong emphasis on diversity and inclusion, IFEL seeks to eradicate the systemic barriers that prevent historically excluded populations from accessing the necessary knowledge, networks, and capital required for entrepreneurial success and wealth creation. By doing so, the organization envisions inclusive entrepreneurial ecosystems where individuals from these populations have an equal opportunity to thrive. To learn more about IFEL and its impactful work, visit www.weareifel.org.

    Impact

    This information is meant to be a general summary of Institute For Entrepreneurial Leadership Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The Institute For Entrepreneurial Leadership Inc, based in Newark, NJ, is driving economic development through entrepreneurship with a strong focus on diversity and inclusion in funding. The organization aims to create inclusive entrepreneurial ecosystems where historically excluded populations have equal opportunities for success. By eradicating systemic barriers and providing access to knowledge, networks, and capital, IFEL is actively working towards promoting entrepreneurial success and wealth creation for all. Through their mission-driven initiatives, IFEL is making a substantial impact in advancing economic opportunities and leveling the playing field for underrepresented entrepreneurs.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $0
  • Gross Receipts: $2,362,721

    • Assets and Liabilities:
  • Total Assets: $3,193,132
  • Total Liabilities: $1,610,095
  • Net Assets: $1,583,037
  • Organization Details

    Founding Year

    2002

    Principal Officer

    Jill L Johnson

    Main Address

    550 BROAD STREET STE 702, NEWARK, NJ, 07102

    NTEE Category

    Code: S30 - Community improvement

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