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Network for Teaching Entrepreneurship New England

 231 Forest Street, Woodland Hills #4
 Babson Park, MA 02457
[P] (617) 835-3958
[F] --
http://www.nfte.com/
[email protected]
Julie Nations
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INCORPORATED: 1987
 Printable Profile (Summary / Full)
EIN 13-3408731

LAST UPDATED: 06/29/2016
Organization DBA Network for Teaching Entrepreneurship
NFTE New England
NFTE
Former Names National Foundation for Teaching Entrepreneurship (2008)
Organization received a competitive grant from the Boston Foundation in the past five years No

Summary

Mission StatementMORE »

The Network for Teaching Entrepreneurship (NFTE)'s mission is to inspire young people, ages 11-18, from under-resourced communities to stay in school, recognize business opportunities, and plan for successful futures.

Mission Statement

The Network for Teaching Entrepreneurship (NFTE)'s mission is to inspire young people, ages 11-18, from under-resourced communities to stay in school, recognize business opportunities, and plan for successful futures.


FinancialsMORE »

Fiscal Year July 01, 2015 to June 30, 2016
Projected Income $17,994,190.00
Projected Expense $17,764,495.00

ProgramsMORE »

  • NFTE Program

Revenue vs. Expense ($000s)

Expense Breakdown 2015 (%)

Expense Breakdown 2014 (%)

Expense Breakdown 2013 (%)

For more details regarding the organization's financial information, select the financial tab and review available comments.


Overview

Mission Statement

The Network for Teaching Entrepreneurship (NFTE)'s mission is to inspire young people, ages 11-18, from under-resourced communities to stay in school, recognize business opportunities, and plan for successful futures.


Background Statement

For almost 30 years, NFTE has been a global leader in entrepreneurship education. We work to elevate the field by attracting new resources, scaling to reach more youth, and deepening the credibility of entrepreneurship education as an effective intervention to educational and global economic challenges. NFTE is a partner in many thought leadership and field-building activities, such as the World Economic Forum. This commitment to expanding entrepreneurship education far beyond our direct service scope, combined with NFTE's global reach, and our strong reputation, makes us uniquely positioned to further implement innovative youth entrepreneurship programming around the world.

A central focus of NFTE's project-based curriculum is development of students' entrepreneurial mindset — skills such as opportunity recognition and comfort with risk. Through the lens of entrepreneurship, NFTE brings relevancy to core academic and STEM subjects, showing students how to use their knowledge, maximize their potential, and become creators. NFTE students respond well to this approach, performing better in school, pursuing higher education, pursuing STEM degrees, and outpacing national averages in employment, self-employment, and income.

With strong local school partnerships in under-resourced neighborhoods, NFTE has provided high-impact youth entrepreneurship programs to more than 16,000 students in greater New England since 1991. Currently, NFTE’s New England program serves 1,000 low-income students at 16 schools across Massachusetts and southern New England.


Impact Statement

NFTE’s global vision is to equip all youth with the life-changing mindset and skills of entrepreneurship--from attitudes such as risk-taking and persistence to the financials of creating a business model. NFTE offers innovative experiential programming (in-school, summer camps, and online) that teaches over 60,000 youth annually how to think and act like entrepreneurs. Programs from NFTE have unlocked the potential in nearly 600,000 youth since the organization's founding in 1987.


Needs Statement

NFTE’s primary needs include:

- funds for expansion to new program sites (typical cost is approximately $10,000 per class, or $500 per student)

- engagement of volunteers from the community with a deep desire to inspire and help our students in the learning process. Examples include serving as a guest speaker or assisting as business plan coach.

- leaders to serve on regional Advisory Board

- introductions to education decision-makers to gauge interest in providing experiential entrepreneurship education and 21st century workforce development skills to their students


CEO Statement

 

In a historic moment of great opportunity—with more information, tools, and educational resources at our fingertips than ever before—73 million youth are unemployed globally, and in the next 20 years, there will be at least 600 million more young people looking for work than projected jobs. And today’s jobs will not exist tomorrow.

What can we do to help? Provide every young person the skills needed to succeed in an innovation economy.

These skills go beyond math and English. They go beyond subject matter knowledge and instead equip youth to successfully navigate a variety of challenges and opportunities. NFTE calls these skills the Entrepreneurial Mindset, and through rigorous research and analysis, we have identified the eight factors that are critical to this mindset:

- Opportunity recognition

- Comfort with risk

- Creativity and innovation

- Future orientation

- Flexibility and adaptability

- Initiative and self-reliance

- Critical thinking and problem solving

- Communication and collaboration 

Young people who experience NFTE and practice the Entrepreneurial Mindset are transformed. The confidence, poise, and creative problem solving abilities that they demonstrate are humbling. And many NFTE students have profound obstacles to overcome.

The call to action to teach the Entrepreneurial Mindset is so important to us that we are revamping our entire award-winning curriculum to teach these eight key factors via experiential activities. We’re also going a step further, expanding our course offerings to create the Entrepreneurship Pathway—a series of programs that teach the entrepreneurial mindset alongside startup and career skills, with students receiving academic and industry credentials along the way. The Pathway will include the best practices of digitally blended learning, allowing us to reach more students by leveraging the very best education tools available. It will also include the Entrepreneurial Mindset Index (EMI), the first tool to measure mastery of entrepreneurial skills and behaviors, which we are creating in partnership with EY and Educational Testing Service (ETS).

Our goal: to have the Entrepreneurial Mindset taught in every school in the world, so that every student in the world has the opportunity to realize his or her potential, to leverage the opportunities inherent in a global innovation economy, and to succeed.

We will work to activate the Entrepreneurial Mindset in every young person. Let the next generation of young people not be characterized by anxiety or isolation but rather be celebrated as the entrepreneurial generation.

- Shawn K. Osborne – President & CEO, Network for Teaching Entrepreneurship

 


Board Chair Statement

--

Geographic Area Served

Greater Boston Region-All Neighborhoods
Northeast Massachusetts Region
Southeast Massachusetts Region

Boston, Malden, Chelsea, Lawrence, Framingham, Quincy, New Bedford, Easton, Hartford, CT & Providence, RI

Organization Categories

  1. Education - Educational Services
  2. Youth Development - Youth Development-Business
  3. -

Independent research has been conducted on this organization's theory of change or on the effectiveness of this organization's program(s)

Yes

Programs

NFTE Program

In-School

Core Youth Programs: Delivered in school classrooms and other youth settings, NFTE’s award-winning 65-80 hour curriculum covers important business concepts and integrates experiential activities such as field trips, selling events, and interactions with local entrepreneurs. As the centerpiece of the program, each student develops and presents an individual business plan. Students are exposed on a regular basis to volunteers from local businesses and mentors that help students put together business plans and present them to the public. NFTE volunteers serve as guest speakers, business plan coaches or expert advisors in operationalizing a business plan. 

Blended Learning: NFTE’s Startup Tech is a tech-entrepreneurship course that teaches middle and high school students front-end web development through the lens of lean startup business principles. This course provides an opportunity to empower young people through real-world skill development in the areas of coding, problem solving, opportunity recognition, and leadership. 

Online

Venture: NFTE Venture is a high-impact, personalized, 21st century learning tool that teaches students how to think entrepreneurially and to see business as a viable path to lifelong success. This digital program module can seamlessly supplement NFTE classroom programs or be used as a stand-alone program in any school. 

World Series of Innovation: WSI invites youth to compete in an online ideas contest. Companies post Innovation Challenges and “thinkers”, ages 14-24, invent and propose new products or services to meet the challenge. 

Community

Teacher Training & Professional Development: We train and certify NFTE educators through NFTE University, a 4-day intensive training that prepares instructors to teach the NFTE course. In addition, we offer 20 hours of in-person professional development, 10 hours of online/web PD, and classroom visits throughout the year.

Budget  $409,395.00
Category  Education, General/Other
Population Served Adolescents Only (13-19 years)
Program Short-Term Success 
NFTE New England will provide a classroom-integrated, high impact youth entrepreneurship curriculum to approximately 1,000 young people at 16 low-income high schools in New England during the 2012-2013 school year. NFTE's "real-world" entrepreneurship programs keep at-risk youth engaged in school while also building a competent workforce. 
Program Long-Term Success  Students become more engaged in school, have better post-secondary education and career aspirations, and are less likely to drop out of school.
Program Success Monitored By 

NFTE is committed to evaluating the quality of our programs and understanding the student outcomes that can be attributed to our work.  Evaluation methods include:

•       Program Site Reporting: NFTE program staff collects detailed program and milestone progress, recent activities, and best practices reports from each teacher/school.

•       Pre- and Post- Surveys of Students: Program sites implement our standard pre- and post- surveys to capture short-term outcomes of entrepreneurship education related to knowledge, attitudes and behaviors.

•       Teacher Evaluations: NFTE collects feedback surveys and program close-out reports to measure the effectiveness of our teacher training and teachers’ perceptions of NFTE’s impact on students. 

Examples of Program Success  A study by the Harvard Graduate School of Education showed that, after our program, NFTE students’ interest in attending college increased 32% (compared to a 17% decrease for non-NFTE students) and occupational aspirations increased 44% (compared to a 10% increase for non-NFTE students).  These outcomes have been linked to educational attainment, which, in turn, is associated with such outcomes as employment, higher earnings, and improved health. Evaluations have also found important outcomes relating to knowledge gain, including improved scores in math and reading.

CEO/Executive Director/Board Comments

Communities and school districts are seeking ways to infuse their young people with the ideas and skills that will contribute to long-term change in their local economies. They see entrepreneurship education as a key component to a better-educated, more entrepreneurial citizenry and, ultimately, a vibrant local economy filled with job creators and a workforce equipped with the skills to meet the demands of our 21st century marketplace. Local businesses, local community organizations and local Chambers of Commerce, as well as others, are key partners in teaching young people the values and skills of entrepreneurship, business and financial literary. Entrepreneurship education is vital to making our education system and our economy the best in the world again.

Entrepreneurship education keeps young people in school by talking to them about something they care about — money. It reaches them in a different way and prepares them with the adaptable skills and entrepreneurial mindset needed to be successful in our rapidly changing economic landscape. And, years from now, the seeds it sows will sprout the leaders of the small, medium and large enterprises that will employ countless Americans and make the U.S. economy the strongest in the world for generations to come.

 Quotes from a NFTE New England Student and a Teacher

Kern Williams, Brighton High, NFTE Class of 2004:

"I fell in love with entrepreneurship, which made me eager to go to school. I started viewing myself as a valuable contributor to society with the skills and knowledge to make a major impact. NFTE put me on a path to prosperity; there's no other way to say it. Quite simply, NFTE saved my life."

Wendy Lai, English High School, NFTE Teacher:

"As a Boston Public School teacher of high school math, I sometimes find myself struggling how to respond when students ask me when they will use the Quadratic Formula or the Properties of Special Right Triangles in their everyday lives. But in entrepreneurship class, I am never asked that question."

Management


CEO/Executive Director Ms. Julie Nations
CEO Term Start Aug 2015
CEO Email [email protected]
CEO Experience

Julie Nations joined NFTE New England in August 2015. She brings a wealth of knowledge and experience as a creative problem solver with more than 25 years of fundraising and nonprofit management experience combined with demonstrated community leadership. Prior to NFTE, Julie served as the Director of Community Relations & Outreach and the Chair of the GiveWell corporate social responsibility committee for Boston Medical Center HealthNet Plan (BMCHP), working closely with hundreds of nonprofit organizations and community health centers across Massachusetts and New Hampshire that serve low-income youth and families. Prior to BMCHP, Julie served as the Executive Director of the Ellie Fund, relaunching its mission and increasing the budget from $45K - $550K, and the Crohn’s & Colitis Foundation of New England where she raised $2.1 annually. Julie earned her M.Phil in Human Ecology from College of the Atlantic, and her BA from San Francisco State University. Her passions include STEM education for girls, performing arts, and world travel.

Co-CEO --
Co-CEO Term Start --
Co-CEO Email --
Co-CEO Experience --

Former CEOs and Terms

Name Start End
-- -- --

Senior Staff

Name Title Experience/Biography
Jennifer Green Manager of Programs Jennifer Green joined NFTE New England as the Program Director in the summer of 2010. As the Program Director, she was responsible for program implementation and support for over 25 teachers and 900 students annually. Jennifer was named Executive Director in May 2011 and for the next four years, she managed and developed NFTE New England’s strategic growth plans, board development, fundraising activities, public relations outreach, and capacity building initiatives. During her years leading NFTE New England, Jennifer and her team served 5,000 youth while also raising $1M. Under the direction of a new CEO, as part of NFTE’s 2015 global restructuring efforts, Jennifer was given the opportunity to once again take the lead programmatic role, working closely with the teachers, students, and volunteers, which, according to Jennifer, is “the most inspiring part of working at NFTE.” Before joining NFTE, Jennifer served as the Managing Director for the nonprofit social enterprise Building Impact. Jennifer’s previous professional experience also includes nonprofit consulting, social venture philanthropy and four years of events management. She earned her MBA in Social Entrepreneurship from Babson College and has since sat on numerous panels to discuss the field of social entrepreneurship and nonprofit management. In her spare time, Jennifer loves being a mom, and finds time for mountain biking, painting, and volunteering for family equality organizations.

Awards

Award Awarding Organization Year
-- -- --

Affiliations

Affiliation Year
-- --
Member of state association of nonprofits? No
Name of state association --

External Assessments and Accreditations

External Assessment or Accreditation Year
-- --

Collaborations

NFTE is widely known and respected in the educational and entrepreneurship community. We have partnerships with many of the largest school districts in the region that serve low-income youth, along with a reputation at the state level within Massachusetts leading to invitations for NFTE to contribute to entrepreneurship and career education task forces. In addition, we have volunteers from numerous entrepreneurial institutions in the region, including Harvard Business School and Babson College. Boston is one of the top entrepreneurial hubs in the U.S. and NFTE is known as the largest training ground for young entrepreneurs in the region.

Additionally, the demand for our program is very high. Teachers and principals who have heard about the NFTE program and its success in surrounding schools reach out to NFTE to inquire about partnering with NFTE. NFTE also gives presentations, for example, at the Boston Public Schools headmasters meeting to present NFTE and the benefits of our program to school decision-makers. Moreover, NFTE is often invited to educational conferences and showcases to promote our program, one example being a recent state-wide educational conference put on by the Massachusetts Department of Education highlighting programs that prepare students for career success and employment after graduation. Word-of-mouth demand from schools, pro-active presentations to school leaders, and showcasing our work at educational conferences result in an average of five new schools reaching out to us per year to request a partnership.

CEO/Executive Director/Board Comments

 
 

Foundation Comments

--

Staff Information

Number of Full Time Staff 2
Number of Part Time Staff 0
Number of Volunteers 100
Number of Contract Staff 1
Staff Retention Rate % --

Staff Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 0
Caucasian: 2
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 2
Male: 0
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? Under Development
Organization has Strategic Plan? Yes
Years Strategic Plan Considers 6
Management Succession Plan --
Business Continuity of Operations Plan --
Organization Policies And Procedures Yes
Nondiscrimination Policy Yes
Whistle Blower Policy Yes
Document Destruction Policy Yes
Directors and Officers Insurance Policy --
State Charitable Solicitations Permit --
State Registration --

Risk Management Provisions

--

Reporting and Evaluations

Management Reports to Board? Yes
CEO Formal Evaluation and Frequency Yes Annually
Senior Management Formal Evaluation and Frequency Yes Annually
Non Management Formal Evaluation and Frequency Yes Annually

Governance


Board Chair Mr. Bryan Pearce
Board Chair Company Affiliation EY
Board Chair Term July 2011 -
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Patricia Alper The Alper Portfolio Group, Ltd. --
Matthew J. Audette LPL Financial --
Peter J. Boni Kedgeway --
Kyle Garman SAP --
Ronald E. Garrow MasterCard --
Rahfeal Gordon RahGor Motivations --
Noah Hanft International Institute for Conflict Prevention and Resolution --
Gus Harris Moody's Analytics --
Shawn Osborne CEO & President, NFTE Exofficio
Victor Oviedo SkyBridge Capita --
Jason Port Quirky --
Anthony Salcito Microsoft Corporation --
Diana Davis Spencer The Diana Davis Spencer Foundation --
David Spreng Crescendo Ventures --
Peter B. Walker McKinsey & Company, Inc. --
Tucker York Goldman, Sachs & Co. --

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
Bob Allard Harvard Innovation Lab --
Mark Andrade Fidelity Investments --
Shelagh Braley GoalsCorp Media --
Judith Briggs B&G Services, Inc.; Platinum Enterprise, Inc. --
Ann Daley Pitney Bowes --
Evan Davis Davis Holding Group --
Meg DeMarco Baboon College Center for Women's Entrepreneurial Leadership --
Stephanie Goodell Samaya Consulting --
Dan Guglielmo Trust Design --
Meredith Haviland Foley Hoag --
Michellana Jester MIT Sloane School of Management --
George Moker Suffolk University School of Entrepreneurship --
Zenobia Moochhala Care.com --
Julie Nations Director, NFTE New England Exofficio
Bryan Pearce EY --
Doug Rauch Daily Table --
Andrew Smith HOPR Ventures --
Pamela Stenson CIO Executive Council --
Jeffrey Thomas Atlantic Trust --

Board Demographics

Ethnicity African American/Black: 1
Asian American/Pacific Islander: 0
Caucasian: 16
Hispanic/Latino: 1
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 8
Male: 10
Not Specified 0

Board Information

Board Term Lengths --
Board Term Limits --
Board Meeting Attendance % --
Written Board Selection Criteria No
Written Conflict Of Interest Policy Yes
Percentage of Monetary Contributions 100%
Percentage of In-Kind Contributions --
Constituency Includes Client Representation No

Standing Committees

    --

CEO/Executive Director/Board Comments

--

Foundation Comments

--

Financials


Revenue vs. Expense ($000s)

Expense Breakdown 2015 (%)

Expense Breakdown 2014 (%)

Expense Breakdown 2013 (%)

Fiscal Year July 01, 2015 to June 30, 2016
Projected Income $17,994,190.00
Projected Expense $17,764,495.00
Form 990s

2015 NFTE 900

2014 NFTE 990

2013 NFTE 990

2012 NFTE 990

2011 NFTE 990

2010 NFTE 990

2009 NFTE 990

2008 NFTE 990

Audit Documents

2015 NFTE Audit

2014 NFTE Audit

2013 NFTE Audit

2012 NFTE Audit

2011 NFTE Audit

2010 NFTE Audit

2009 NFTE Audit

IRS Letter of Exemption

IRS Letter of Determination

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2015 2014 2013
Total Revenue $15,007,225 $14,158,547 $13,395,219
Total Expenses $14,966,355 $15,048,796 $13,587,098

Prior Three Years Revenue Sources

Fiscal Year 2015 2014 2013
Foundation and
Corporation Contributions
-- -- --
Government Contributions $0 $0 $0
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified -- -- --
Individual Contributions $12,715,852 $11,803,680 $9,788,360
Indirect Public Support -- -- --
Earned Revenue $596,323 $699,984 $413,361
Investment Income, Net of Losses $579 $-413 $704
Membership Dues -- -- --
Special Events $1,089,219 $1,080,854 $2,598,508
Revenue In-Kind -- -- --
Other $605,252 $574,442 $594,286

Prior Three Years Expense Allocations

Fiscal Year 2015 2014 2013
Program Expense $10,935,554 $10,819,178 $10,582,465
Administration Expense $1,952,811 $1,802,012 $931,480
Fundraising Expense $2,077,990 $2,427,606 $2,073,153
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 1.00 0.94 0.99
Program Expense/Total Expenses 73% 72% 78%
Fundraising Expense/Contributed Revenue 15% 19% 17%

Prior Three Years Assets and Liabilities

Fiscal Year 2015 2014 2013
Total Assets $7,616,524 $7,281,050 $7,647,325
Current Assets $7,164,921 $6,480,583 $6,812,522
Long-Term Liabilities $0 $0 $0
Current Liabilities $2,475,854 $2,181,586 $1,658,459
Total Net Assets $5,140,670 $5,099,464 $5,988,866

Prior Three Years Top Three Funding Sources

Fiscal Year 2015 2014 2013
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value --
Spending Policy --
Percentage(If selected) --
Credit Line No
Reserve Fund No
How many months does reserve cover? --

Capital Campaign

Are you currently in a Capital Campaign? No
Capital Campaign Purpose --
Campaign Goal --
Capital Campaign Dates -
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? --

Short Term Solvency

Fiscal Year 2015 2014 2013
Current Ratio: Current Assets/Current Liabilities 2.89 2.97 4.11

Long Term Solvency

Fiscal Year 2015 2014 2013
Long-term Liabilities/Total Assets 0% 0% 0%

CEO/Executive Director/Board Comments

NFTE New England does not have an endowment, credit line, or reserve fund. However, as a program office of the national Network for Teaching Entrepreneurship, we have access to our headquarters' endowment and credit line that we may use to fill operating gaps when necessary. 

Foundation Comments

This organization is a local chapter of a national organization.  The financial summary data in the charts and graphs above is per the national organization's IRS Form 990s. Please contact the nonprofit for local financial information. 

Documents


Other Documents

No Other Documents currently available.

Impact

The Impact tab is a section on the Giving Common added in October 2013; as such the majority of nonprofits have not yet had the chance to complete this voluntary section. The purpose of the Impact section is to ask five deceptively simple questions that require reflection and promote communication about what really matters – results. The goal is to encourage strategic thinking about how a nonprofit will achieve its goals. The following Impact questions are being completed by nonprofits slowly, thoughtfully and at the right time for their respective organizations to ensure the most accurate information possible.


1. What is your organization aiming to accomplish?

NFTE links academics to real-life success, helping students link achievement in math, reading, and writing directly to the success of their income-generating entrepreneurial ventures. In re-engaging disengaged youth, ages 11-18, NFTE ensures students participate in their education, graduate from high school, and are equipped with the financial and business skills required to qualify for good jobs in the 21st century workforce. In many cases, youth become disengaged in their education due to a lack of interest in classes, and family situations that require getting a job to earn money. Entrepreneurship education combats both of these, providing relevance in the classroom and introducing youth to income-generating activities to set themselves up for success.

Impact studies prove students succeed academically and professionally. NFTE students enroll in high school or college at a higher rate (90% vs. 60% nationwide), graduate high school at a higher rate (89% vs. 69%), have increased career and college aspirations (44% increase over non-NFTE peers), have a higher employment rate after graduation (88% vs. 69% nationwide), earn 58% more base salary in their first job, start companies at a rate of 22% compared to 11% in the general population, and view themselves as leaders more often than their peers.

NFTE’s mission has been and will continue to be focused on providing programs that inspire young people from low-income communities to stay in school, to recognize business opportunities, and to plan for successful futures. Today NFTE reaches 20,000 young people annually in the U.S. As compared to many nonprofits, it could be argued that is a great result – especially considering our strong record of changing young lives. But no more. With U.S. business deaths outpacing U.S. business births for the first time since the early 1970s, with youth unemployment remaining systemically high, with so many seemingly unsolvable social problems facing us, our country needs a new generation of innovators who know how to act on their ideas, persist through their challenges and create a better country.

The NFTE 2022 strategic plan seeks to educate 200,000 young entrepreneurs all across the United States. All with an entrepreneurial mindset. All of them searching for opportunities to make our country a better and stronger place using the mindset and tools of entrepreneurship to create jobs, to solve our most pressing problems, to launch new businesses and to build vibrant communities that thrive economically and socially.

Through significant planning and resource deployment, NFTE will evolve its program model to one that not only improves outcomes for students, but to one that is sustainable and can quickly be deployed as the demand for high-impact entrepreneurship education grows. Simultaneously, NFTE will make critical investments in donor engagement and school/partner marketing so income sources allow it to be nimble and responsive to that demand. Lastly, NFTE will design the systems needed so that information flows through the organization smoothly and allows continuous improvement to both programs and our operational efficiency.


2. What are your strategies for making this happen?

NFTE offers students a unique educational and life experience by not only providing engaging curriculum but also by putting them on an entrepreneurship pathway. Entrepreneurship education promotes financial literacy, leadership skill development, educational attainment, and business formation.

Our primary program provides experiential learning to students through an award-winning entrepreneurship curriculum. An array of support services help to create "real world" learning in and out of class including field trips, volunteers and business plan competitions.

Implementation includes teacher training and professional development to deliver the NFTE program, curriculum materials such as textbooks, support for experiential activities including field trips and buying/selling events, and staff capacity to support students and teachers. Another key element is recruiting and coordinating 100+ volunteer business leaders who act as guest speakers, business plan coaches, judges, and mentors.

There are a number of elements that are essential to the success of NFTE program:

- Teacher Quality: All teachers complete an initial 4-day training program and are then required to participate in at least 8 hours of ongoing professional development.

- Experiential Activities: Students work on project-based learning, games, field trips, and other simulations that are embedded throughout lessons to connect classroom learning and abstract concepts to practical, real-world applications and scenarios. The business plan competition is the culminating experiential activity of the program.

- Technology: Essential in all NFTE programs students learn to use word processing, spreadsheets, and presentation software as they develop their business ideas, and learn to use the Internet for market research, website development and e-commerce. NFTE also uses video in a variety of ways including case studies and inter-classroom collaboration.

- Volunteers: With the support of committed volunteers who come from a wide range of professions and industries, NFTE is able to help young people connect their classroom learning to real-world experiences. Volunteers offer students new perspectives on the NFTE curriculum and their efforts have a direct, lasting influence on the personal and professional successes of our young people.


3. What are your organization’s capabilities for doing this?

For almost 30 years, NFTE has been a global leader in entrepreneurship education. NFTE advocates for wide adoption of our program, and entrepreneurship education in general, to provide the real-world relevance students need to remain engaged in school, and the academic, financial, and life skills they need to succeed in life. NFTE is a partner in many thought leadership and field building activities, including the World Economic Forum. This commitment to expanding entrepreneurship education far beyond our direct service scope, combined with NFTE’s reach, and our strong reputation, makes us uniquely positioned to further implement innovative youth entrepreneurship programming around the world.

NFTE is also uniquely qualified due to our long track record of working collaboratively to cultivate strong partnerships with schools, community organizations, and supporters. We work to elevate the field of entrepreneurship education by attracting new resources, scaling to reach more youth, and deepening the credibility of entrepreneurship education as an effective intervention to educational and global economic challenges.

NFTE is proud to be a leading voice on strengthening entrepreneurship education across the world. We have been featured in a wide range of leading media outlets, including CNN, CBS News, MSNBC, PBS NewsHour, Bloomberg TV, Fox Business, Entrepreneur, BusinessWeek, Forbes, The New York Times, and Time among others. NFTE has received prominent recognition and awards for its efforts including the Association of Educational Publishers’ prestigious Golden Lamp Award in 2002 and Distinguished Achievement Award for mathematics grades 9-12 in 2010. Our top students have been invited to the White House to meet with the President of the United States.


4. How will your organization know if you are making progress?

NFTE tracks progress towards our goals and program results through Salesforce, which compiles our student outputs, and HandsOn Connect, our volunteer management system. Student assessments are essential to the effectiveness of our program. Our student assessment tools are:

- Diagnostic and summative assessments. In the fall, NFTE teachers deliver a diagnostic assessment to learn students’ current level of knowledge and entrepreneurial qualities. A summative assessment upon course completion measures students’ comprehension of entrepreneurship concepts against the diagnostic assessments.

- An entrepreneurial mindset survey. A pre- and post- program survey assesses students’ progress in demonstrating the behaviors and skills of the entrepreneurial mindset.


5. What have and haven’t you accomplished so far?

NFTE’s notable accomplishments over the past three years include:

- Student Reach: 199,328 youth served around the world, combined in FY12, FY13, and FY14, with close to 100,000 being girls.

- Student Outcomes:

-- Development of the Entrepreneurial Mindset Project: Includes organizing a fall 2015 Entrepreneurial Mindset Summit to bring together civically minded thought leaders in education, labor, policy, research, and entrepreneurship and the creation of the Entrepreneurial Mindset Index and initial research to test and demonstrate results showing NFTE graduates develop into responsible entrepreneurial citizens via career-ready skills, employment, business formation, and pursuit of higher education.

-- U.S. Alumni Study: Results showed meaningful findings that NFTE alumni have higher rates of school enrollment and high school diploma attainment, employment, self-employment and income.

- Program Innovations:

-- Startup Tech: Launched this year as NFTE’s blended learning tech-entrepreneurship in-school program with both high school and middle school classes. It teaches mobile technology and app development to inspire students to pursue careers in entrepreneurship and technology.

-- Day of Learning: Launched this year to provide valuable educational content and networking for top students and teachers coming to NYC from around the world for NFTE’s Global Showcase event. In partnership with MasterCard, we worked with Collective Next to develop a robust Building Your Brand workshop featuring guest speakers from Twitter and Google.

-- World Series of Innovation: Entrepreneurship exposure program has grown globally since launching 5 years ago with 13,000+ young people in 15 countries creating new business ideas in response to a total of 33 Innovation Challenges. Program has now earned over 45 million media impressions.

Entrepreneurship education has special relevance in our current economic climate, where creative thinking and financial and business skills will be fundamental in creating a sustainable world. Nearly all new jobs worldwide are created by young companies. As cited by the World Economic Forum in 2009, “The future, to an even greater degree than the past, will be driven by innovation and entrepreneurship. It is time to more adequately develop entrepreneurial skills, attitudes and behaviours in our school systems as well as outside formal school systems, to reach across all ages as part of a lifelong learning process.” Entrepreneurship education results in an ongoing cycle of learning and innovation that will bring sustainable job creation and re-creation. Moreover, entrepreneurial behaviors equip young people to be resilient and inventive in their professional and personal lives, opportunity-obsessed and active in the face of challenges. Being entrepreneurial prepares young people – even and especially those who are currently marginalized in society – to succeed as entrepreneurs or as innovative employees and to be active global citizens.