Overview

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Est.

2002

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The Institute for Entrepreneurial Leadership Inc (IFEL), established in 2002, is a 501(c)(3) nonprofit organization dedicated to fostering a more inclusive entrepreneurial ecosystem by addressing systemic barriers that hinder access to knowledge, networks, and capital for historically excluded populations. With an operating budget of $3.6 million and total revenue of $3.5 million for the 2024 filing year, IFEL collaborates with various partners to implement innovative programming that promotes inclusion in entrepreneurship. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. For more information, visit www.weareifel.org.

Mission Statement

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.
Revenues
$3.5M
Expenses
$3.6M
Net Income:
-$101.5K
Assets
$3.1M
Liabilities
$1M
Net Assets:
+$2M
Operating Budget
$3.6M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
7
Median grant size
$50K
Largest grant received
$112.4K
P
Pasquale Nocito
Board Member
Z
Zoe Bogan
Board Member
S
Stephen White
Board Member

Frequently Asked Questions

What is INSTITUTE FOR ENTREPRENEURIAL LEADERSHIP INC’s budget?
In 2024, INSTITUTE FOR ENTREPRENEURIAL LEADERSHIP INC reported an annual operating budget of around $3.6 million. More detailed financial information is available to registered users.
What causes does INSTITUTE FOR ENTREPRENEURIAL LEADERSHIP INC support?
INSTITUTE FOR ENTREPRENEURIAL LEADERSHIP INC supports work in Leadership development and Economic development.
Where does INSTITUTE FOR ENTREPRENEURIAL LEADERSHIP INC operate?
INSTITUTE FOR ENTREPRENEURIAL LEADERSHIP INC is headquartered in Newark, NJ.
Who funded INSTITUTE FOR ENTREPRENEURIAL LEADERSHIP INC recently?
In 2024, INSTITUTE FOR ENTREPRENEURIAL LEADERSHIP INC received grants from FIDELITY INVESTMENTS CHARITABLE GIFT FUND, TAMARA L HARRIS FOUNDATION INC, and THE IMPACT SEAT FOUNDATION CORP. More information on this organization’s funders is available to registered users.
What is the largest grant INSTITUTE FOR ENTREPRENEURIAL LEADERSHIP INC received in 2024?
The largest grant to INSTITUTE FOR ENTREPRENEURIAL LEADERSHIP INC in 2024 exceeds $112 thousand.