Endeavor Catalyst Inc
- Assets
- $46.5m
- Revenue
- $1.6m
- Investments
- $25.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2012
- Data as of
- 12/2022
- EIN
- 45-3590743
Organization Overview
Endeavor Catalyst Inc is located in New York, NY. The organization was established in 2012. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Endeavor Catalyst Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Endeavor Catalyst Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.9%) each year. All expenses for the organization totaled $7.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUSTAIN ENDEAVOR'S LONG-TERM OPERATIONS IN A MISSION-ALIGNED WAY. (SEE SCHEDULE O)AN INNOVATIVE CO-INVESTMENT VEHICLE DESIGNED TO SUPPORT ENDEAVOR ENTREPRENEURS WITH EQUITY FINANCING ROUNDS & CONTRIBUTE TO THE LONG-TERM SUSTAINABILITY OF ENDEAVOR.
Describe the Organization's Program Activity:
SEE SCHEDULE OINVESTMENTS IN ENDEAVOR ENTREPRENEURS: ENDEAVOR CATALYST IS ENDEAVOR'S INNOVATIVE IMPACT INVESTMENT FUND THAT CO-INVESTS IN ENDEAVOR ENTREPRENEURS THROUGH A NEUTRAL, RULES-BASED PROCESS. ENDEAVOR CATALYST OFFERS A UNIQUE OPPORTUNITY FOR ENDEAVOR TO BECOME FINANCIALLY SELF-SUSTAINING BY INVESTING IN THE VERY ENTREPRENEURS IT SUPPORTS. WITH OVER 280 INVESTMENTS MADE ACROSS 37 MARKETS AS OF 12/31/2022, ENDEAVOR CATALYST HAS QUICKLY BECOME ONE OF THE MOST ACTIVE GLOBAL INVESTMENT FUNDS. ENDEAVOR CATALYST FUNDS I THROUGH III HAVE HAD OVER 21 LIQUIDITY EVENTS THROUGH 2022 AND WE HAVE OFFICIALLY LAUNCHED ENDEAVOR CATALYST IV ("FUND IV") IN 2022. ENDEAVOR CATALYST'S RULES-DRIVEN APPROACH GUARANTEES SIGNIFICANT PORTFOLIO DIVERSIFICATION IN TERMS OF SECTOR, GEOGRAPHY, AND STAGE. THE 450+ ENTREPRENEURS BEHIND OUR PORTFOLIO COMPANIES HAVE SUCCEEDED IN RAISING GLOBAL CAPITAL TO HELP THEIR COMPANIES SCALE, AND ENDEAVOR CATALYST OFTEN SERVES AS AN ADDITIONAL "SEAL OF APPROVAL."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Rottenberg CEO & Co-Founder | OfficerTrustee | 1 | $0 |
Allen Taylor Managing Director | OfficerTrustee | 1 | $0 |
Jaclyn Carmel Managing Director | OfficerTrustee | 1 | $0 |
Margarita Chavez Chief Financial Officer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $95,104 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,496,056 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,591,160 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,538,414 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $40,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,940 |
| Fees for services: Accounting | $3,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,930 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,967 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $15,259 |
| Total functional expenses | $7,629,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,503 |
| Savings and temporary cash investments | $3,997,681 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $16,459,574 |
| Investments—other securities | $25,450,747 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $550,486 |
| Total assets | $46,534,991 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $46,534,991 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $46,534,991 |
Grants Awarded
Over the last fiscal year, Endeavor Catalyst Inc has awarded $1,433,862 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE ENDEAVOR GLOBAL INC PURPOSE: GENERAL SUPPORT | $1,419,444 |
ENDEAVOR AFFILIATE - LOUISVILLE PURPOSE: general support | $14,418 |