Consortium for Entrepreneurship Education

Nonprofit profile at a glance

EIN
311642830
IRS 990 coverage
2010–2023
Forms available
Form 990 2023, Form 990-EZ 2015
Location
Charleston, WV, USA
Phone
3016168727
Rating
65
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Professional Societies, Associations

Official website

Reported finances

Revenue
$344,065
Expenses
$271,529
Assets
$190,554
Liabilities
$41,966

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • Chad Rieflin (President)
  • Gail McDougal (Vice President)
  • Toi Hershman (CEO)

Highest reported compensation

  • Toi Hershman (CEO): $90,000 total reported compensation
  • Megan Westbrook (Communications Manager): $55,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Champion Entreneurship Education and provide Advocacy, Leadership, Networking, Technical assistance, and resouces nationally across all levels and disciplines of education, promoting quality practices and programs.

What it reported doing in 2023

EntreEd champions entrepreneurship education, cultivating students for a prosperous future, through leadership, professional development, advocacy, and networking. EntreEd curates educational practices and programs that forge entrepreneurial capabilities in all students.he Consortium for Entrepreneurship Education is an organization that provides various services to support entrepreneurship education. Services include:1. Curriculum development: EntreEd helps educational institutions design and develop entrepreneurship curricula, courses, and educational materials tailored to their specific needs and goals.2. Teacher training: They provide professional development programs, workshops, and resources to train educators in effective methods for teaching entrepreneurship principles and skills.3. Program evaluation: EntreEd offers program evaluation services to assess the effectiveness and impact of entrepreneurship education programs, providing feedback and recommendations for improvement.4. Networking and collaboration: The organization facilitates networking opportunities and collaboration among educators, institutions, and entrepreneurship experts to share best practices, resources, and innovations in entrepreneurship education.5. Research and advocacy: EntreEd conducts and disseminates research on entrepreneurship education, and advocates for the importance and integration of entrepreneurial skills in educational curricula.6. Resource sharing: They maintain a repository of teaching resources, case studies, and educational materials related to entrepreneurship education, which members can access and utilize.EntreEd aims to promote and support the development of high-quality entrepreneurship education programs by providing various services and resources to educational institutions, educators, and stakeholders.

Operating model

Revenue model
Grant-funded. 62% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 40
  • Transparency & Controls: 92
  • Accountability: 82
  • Sustainability: 48
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 40.6%; rating input score 41
  • Program expense ratio: 51.5%; rating input score 51
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 21.1%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 0.7; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: 0.22; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 53.4%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: -13.5% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: 9.5% per year; rating input score 100; 71st percentile among comparable filings
  • Asset growth: 14.9% per year; rating input score 100; 76th percentile among comparable filings

Details

  • Where the money goes: 40.6% of revenue deployed · 51.5% of spending went to programs
  • Governance: 10 of 10 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $140K in reported program spending
  • Leadership: top reported pay $90K · 12 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 9 filing years from 2010 to 2023
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 41/100.
  • Review — Financial Efficiency: Program expense ratio scored 51/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.