Enye Inc
- Assets
- $26.0k
- Revenue
- $246.0k
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 09/2017
- Data as of
- 01/2021
- EIN
- 81-5245038
Organization Overview
Enye Inc is located in San Francisco, CA. The organization was established in 2017. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Enye Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENYE IS A NON PROFIT COMMITTED TO EMPOWERING ASPIRING ENGINEERS AND ENTREPRENEURS IN THE DEVELOPING COUNTRY OF NIGERIA. OUR PROGRAM PAIRS THESE TWO GROUPS TOGETHER IN A FULL SCHOLARSHIP BASED PROGRAM. ENYE PROVIDES TECHNICAL AND BUSINESS MENTORSHIP WHILE THEY DEVELOP AN MVP SOFTWARE APPLICATION. AT THE END OF EACH PROGRAM THE ENGINEERS ARE PLACED INTO SECURED EMPLOYMENT, USUALLY AT EACH ENTREPRENEURS COMPANY. IN THIS WAY WE ARE CREATING A COMMERCE AND DIGITAL INFRASTRUCTURE ENGINE TO HELP RAISE THE STANDARD OF LIVING IN DEVELOPING COUNTRIES LIKE NIGERIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENYE'S 2020 PROGRAM SERVICE FEATURED "COHORT 4 AND OUR FIRST HACKATHON. COHORT 4 OF OUR ENGINEERING CAREER ACCELERATOR RECEIVED 645 APPLICANTS. 24 OF THE TOP APPLICANTS WERE ACCEPTED; 19 WERE ABLE TO COMPLETE THE PROGRAM. ALL 19 WERE PLACED AT COMPANIES, FURTHERING THEIR CAREER. ADDITIONALLY WE PILOTED OUR FOUNDERS PROGRAM IN WHICH THE ENGINEERS WERE TEAMED WITH ASPIRING ENTREPRENEURS. WE ALSO HOSTED OUR FIRST HACKATHON, DESPITE THE CHALLENGES POISED FROM CORONAVIRUS, IT WAS A GOOD EXPERIENCE FOR THE ENGINEERS WHO APPEARED WITH THE APPROPRIATE PPE.
INGRESSIVE FOR GOOD (PHASE 1) - INGRESSIVE FOR GOOD'S MISSION IS TO CREATE AND INCREASE THE EARNING POWER OF TECH TALENTS IN AFRICA BY TRAINING 1 MILLION YOUTHS AND CONNECTING 5,000 TO JOBS.MICROSCHOLARSHIPS: 5 SCHOLARSHIPS / $4,000 IN SUPPORT / 7 LAPTOPS DEPLOYEDTALENT PLACEMENT: 100+ TALENTS PLACEDTALENT TRAINING: 6 PARTNERSHIPS / 5,000 COURSERA LICENSES / 25,000+ TRAINEDCOMMUNITY DEVELOPMENT: 11,000 NETWORK / 42 AMBASSADORS / 30 CAMPUSES / 600 MEMBERSMENTORSHIP: 14 MENTORS AND MENTOR PROGRAM AUTOMATION SUPPORT
INGRESSIVE FOR GOOD (PHASE 2) - PHASE 1 WAS TO FUND THE CREATION OF INGRESSIVE FOR GOOD (I4G). PHASE 2 WAS TO FUND THE EXPANSION. THE IN PROGRESS GOALS ARE BELOW:TEAM EXPANSION: HIRE EXECUTIVE DIRECTOR, FUNDRAISING SPECIALIST, TAX SPECIALISTCOMMUNITY EXPANSION: INCREASE NIGERIAN CAMPUS INCLUSION BY 100%MICROSCHOLARSHIP EXPANSION: INCREASE SCHOLARSHIP SIZE AND FREQUENCYCOMMUNITY CHALLENGES: INCREASING AWARDS AND CHALLENGES IN EXISTING PROGRAM TO ATTRACT HIGHER LEVEL TALENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Uchechukwu Nnadi Chief Executive Officer | OfficerTrustee | 30 | $0 |
Emmanuel Ezeagwula Chief Technical Officer | OfficerTrustee | 5.5 | $0 |
Michael Paccione Chief Financial Officer | OfficerTrustee | 3.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,762 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $246,032 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $180,000 |
| Benefits paid to or for members | $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 | $20 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,825 |
| Advertising and promotion | $728 |
| Office expenses | $147 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $441 |
| 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 | $0 |
| Total functional expenses | $230,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,978 |
| Savings and temporary cash investments | $18,001 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,979 |
| 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 | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $25,979 |