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Institute for Entrepreneurial Leadership Inc

EIN 04-3660900 · Newark, NJ

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair56 out of 100GovernanceStrong90 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE NBSP;INSTITUTE NBSP;FOR NBSP;ENTREPRENEURIAL NBSP;LEADERSHIP NBSP;(IFEL) NBSP;FOUNDED NBSP;IN NBSP;2002 NBSP;IS NBSP;AN NBSP;INDEPENDENT NBSP;501(C)(3) NBSP;NONPROFIT NBSP;ORGANIZATION NBSP;THAT NBSP;SEEKS NBSP;TO NBSP;FOSTER NBSP;A NBSP;MORE NBSP;INCLUSIVE NBSP;ENTREPRENEURIAL NBSP;ECOSYSTEM NBSP;OUR NBSP;MISSION NBSP;IS NBSP;TO NBSP;ERADICATE NBSP;THE NBSP;SYSTEMIC NBSP;BARRIERS NBSP;THAT NBSP;PREVENT NBSP;PEOPLE NBSP;FROM NBSP;HISTORICALLY NBSP;EXCLUDED NBSP;POPULATIONS NBSP;FROM NBSP;ACCESSING NBSP;THE NBSP;KNOWLEDGE NBSP;NETWORKS NBSP;AND NBSP;CAPITAL NBSP;REQUIRED NBSP;FOR NBSP;ENTREPRENEURIAL NBSP;SUCCESS NBSP;AND NBSP;WEALTH NBSP;CREATION NBSP;IFEL NBSP;WORKS NBSP;WITH NBSP;CORPORATE NBSP;INSTITUTIONAL NBSP;HIGHER NBSP;EDUCATION NBSP;AND NBSP;COMMUNITY NBSP;PARTNERS NBSP;TO NBSP;DEVELOP NBSP;AND NBSP;IMPLEMENT NBSP;INNOVATIVE NBSP;INCLUSIVE NBSP;HIGH-TOUCH NBSP;PROGRAMMING NBSP;THAT NBSP;PROMOTES NBSP;INCLUSION NBSP;WITHIN NBSP;THE NBSP;ENTREPRENEURIAL NBSP;ECOSYSTEM NBSP;L

Income
$3.5 million
Spending
$3.6 million
Spent on programs
62%
Reserves
4.2 months of spending
Largest source of income
donations and private grants, 93%
Employees
19
Highest pay
$236,325, president, capital access

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 56 out of 100. Higher than 29% of charities in its peer group (community improvement, $1m to $10m).

  • Reserves

    20 of 35

    Spendable reserves would cover 4.2 months of spending.

  • Debt

    10 of 20

    It owes 33% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 3% of income.

  • Income trend

    10 of 15

    Income fell 1% on the year before.

  • Spending floor

    8 of 15

    62% of spending went to programs and raising each dollar of donations cost 14 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 90 out of 100. Higher than 51% of charities in its peer group (community improvement, $1m to $10m).

  • Independent board

    25 of 25

    6 of 6 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $785,075 spent. RELATIONSHIP CAPITAL CONNECTIONS - ACCESS AND OPPORTUNITY ARE DIRECTLY CORRELATED TO THE STRENGTH OF RELATIONSHIP CONNECTIVITY. OUR WORK THROUGH CONSCIOUS COLLISIONS PROGRAMS FACILITATES RELATIONSHIPS BETWEEN PEOPLE WHOSE PATHS WOULD NOT HAVE OTHERWISE CROSSED. OUR SMALL BUSINESSES NEED US PROGRAMMING CREATES CONNECTIVITY BETWEEN BUSINESS PROFESSIONALS AND UNDER-RESOURCED SMALL BUSINESS OWNERS THROUGH SKILLS-BASED VOLUNTEERISM. THE OBJECTIVE OF THE PROGRAM FOCUS AREA IS TO CREATE MORE RELATIONSHIP CONNECTIONS THAT BUILD BRIDGES AND BREAK DOWN BARRIERS. LEARN MORE AT CREATINGCONSCIOUSCOLLISIONS.ORG AND SMALLBUSINESSESNEEDUS.ORG
  2. $784,877 spent. 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
  3. $621,530 spent. 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

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 2003.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.