1. business and industrial

N A T I O N A L F O U N D A T I O N F O R T E A C H I N G E N T R E P R E N E U R S H I P, I N C.
A N N U A L R E P O R T F O R T H E F I S C A L Y E A R J U LY 2 0 0 5 – J U N E 2 0 0 6
“
The NFTE program taught me
a new level of responsibility,
how to take risks and how to
be independent.
”
Tomas Pablo Otero, 17
NFTE 2006 Young Entrepreneur of the Year
Operational Business Plan Winner
Business: T-Kollectibles
West Haven, Connecticut
I CAN BE A
POSITIVE ROLE
MODEL AND
ENCOURAGE
OTHER YOUNG
PEOPLE TO
BETTER
THEMSELVES.
Ana Maria Torres, 18
NFTE 2006 Young Entrepreneur of the Year
Business Plan Winner
Business: Annie’s Vals
Redwood City, California
TABLE
OF CONTENTS
OUR MISSION
NFTE teaches entrepreneurship to young people from low-income
communities to enhance their economic productivity by improving
their business, academic, and life skills.
Entrepreneurship can be taught.
The NFTE experience helps young people from low-income
communities to develop their individual skills and talents.
Entrepreneurship connects young people to school, community and
the workplace.
The NFTE experience involves hands-on, interactive learning
that is relevant to the real world.
Entrepreneurship empowers young people from low-income
communities.
The NFTE experience helps young people explore new
opportunities and build a vision for the future.
NFTE STUDENTS
TELL THEIR STORY
The National Foundation for Teaching
Entrepreneurship (NFTE) reaches students
from low-income communities in schools and
community-based organizations, in the communities where they live. NFTE believes these
students have the potential to change their lives
and make a difference in society through
the skills and attitudes they learn in the
NFTE program.
Every young person pictured in this annual
report is a NFTE student or alumnus. The
adults you see are NFTE teachers, staff or
supporters.
Throughout the annual report, you will see
quotes from NFTE 2006 Young Entrepreneurs
of the Year. In applying for this award, students
answer an essay question about overcoming
obstacles in their lives. These inspiring quotes
were taken from their essays. Real NFTE
students, in their own words – they are the
voices of NFTE.
OUR STRATEGY
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Arsalan Chowdhury, 16
NFTE 2006 Young Entrepreneur of the Year
Business Plan Winner
Business: Chaos Collection
Nuremberg, Germany
Partner with schools, universities, and
community-based organizations
Create innovative, experiential curricula
Train and support teachers and youth workers
Provide supportive alumni services.
NFTE ANNUAL REPORT 2005-2006 | PAGE 1
OF NFTE
OUR GUIDING PRINCIPLES
“
VOICES
History . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3
Curriculum . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3
Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4
Highlights & Achievements . . . . . . . . . . . . . . . . . . . . . . . . .5
Voices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6
Research & Evaluation . . . . . . . . . . . . . . . . . . . . . . . . . . . .8
NFTE Program Partners . . . . . . . . . . . . . . . . . . . . . . . . . . . .9
NFTE Boards & Committees . . . . . . . . . . . . . . . . . . . . . . . .10
FY 2006 Financials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Recognizing NFTE Supporters . . . . . . . . . . . . . . . . . . . . . . 14
Now learning makes
sense, and I am looking much
more positively at my future
after I finish school.
LETTERS
FROM NFTE LEADERS
NFTE is dedicated to using entrepreneurship education to give young people in need the tools for success. I am excited
to report that NFTE experienced strong growth in both revenue and programs in fiscal year 2006. Momentum is
accelerating in youth entrepreneurship education, as we at NFTE strive to demonstrate its impact on young people in
low-income communities in the U.S. and around the world.
NFTE worked with 28,400 students, a 30% increase over FY 2005, which brought the cumulative number of students
served to more than 150,000 since 1987! Over 110,000 of those were reached since 2000, when the McKinsey strategic
plan was formulated.
Steve Mariotti
More than 12,000 of the students served this year were in countries other than the United States. Five of the
international programs graduated more than 1,000 students each, including the program in China.
NFTE Founder & President
As proud as I am of these measures of achievement, I am most heartened by the achievements of our alumni. Our
alumni continue to win awards, scholarships and national recognition from many organizations, including the National
Association for the Advancement of Colored People (NAACP), Bank of America, Black Enterprise, and Ernst & Young.
Their success is the best evidence of NFTE’s effect on young people. You will see their faces and their words throughout
this report – they are truly the voices of NFTE.
I am so grateful to all those who help NFTE carry out its mission – our loyal donors, our devoted teachers, our
dedicated staff and Board Members, the volunteers and our alumni and students. With your support, I look forward
to another year of extraordinary accomplishment. ■
Since its founding in 1987, NFTE has developed curriculum, trained teachers and led programs which use
entrepreneurship to engage young people from low-income communities with school and our society. Learning how to
start a small business teaches students more than business skills; it also strengthens academic and life skills. As chairman
of NFTE’s national board of directors, it is a great satisfaction to me to see an organization move forward when it has
such a positive impact on young people who are at risk.
Landon Hilliard
Chairman,
NFTE National Board of Directors
In the past year, our focus has been on knowledge development and accountability. Managing and reporting on NFTE’s
programs has become more challenging as the organization grows. To help address this need, in 2006 NFTE completed
the training and rollout to program offices of its internal program management system, TEAMS (Teaching
Entrepreneurship Assessment and Management System.) TEAMS will help us gather and share information on best
practices and will serve as a venue for program improvement and outcome studies.
Based on what we’ve been able to learn from past research, we believe NFTE opens a door to the future for kids who
often aren’t engaged by traditional educational experiences. NFTE has begun a new effort with Brandeis University, in
consultation with the Harvard Graduate School of Education, which will allow us to compare the effects of the NFTE
program with national data on educational outcomes for the first time. All of these research and evaluation efforts
provide critical information to improve our curriculum and teacher programs, and to measure the strength of our
impact on young people in low-income communities.
In 2006, NFTE embarked on an expansion of its role in shaping public policy, launching a partnership with The Aspen
Institute and E*TRADE Financial to form the Youth Entrepreneurship Strategy Group. The strategy group will
convene influential national leaders in the fields of public policy, business, education, and philanthropy to increase the
dialogue about the importance of entrepreneurship education in America’s schools. You’ll hear more about this in the
coming months.
I am a strong advocate of NFTE’s commitment to affecting young lives with entrepreneurship education. I hope you’ll
join me in supporting this important endeavor. ■
NFTE ANNUAL REPORT 2005-2006 | PAGE 2
OUR HISTORY
The National Foundation for Teaching Entrepreneurship affects
business, academic and life skills of young people from low-income
communities through its entrepreneurship curriculum, using real-world
examples and experience. NFTE students may practice negotiation,
participate in a wholesale buying trip, and sell their products in a school
mall. The NFTE program culminates with the creation of a business
plan by the student to launch a real business. At the same time, students
are building math, reading and leadership skills.
Research indicates that the NFTE program encourages these young
people to have more confidence in their futures and to consider
careers that require more education than they considered before
completing the program
Steve Mariotti founded NFTE in 1987. A teacher in the South Bronx
and a former entrepreneur, he used business concepts like cost of
goods, pricing and return on investment to engage difficult students
with his class. Since those days, NFTE has reached over 150,000
young people who have responded to the voices, enthusiasm and
commitment of over 4,200 Certified Entrepreneurship Teachers.
During FY 2006, NFTE programs were conducted in 28 states and
13 countries.
NFTE offers its entrepreneurial training to young people from lowincome communities through NFTE-trained teachers using its
curriculum via in-school courses, after-school programs, and
BizCamps™ held in partnership with schools, universities and
community-based organizations in the U.S. and other countries.
NFTE’s target is to reach 50,000 young people from low-income
communities annually by 2008. As its twentieth year approaches, the
voices of NFTE students, alumni, teachers, sponsors and volunteers
grow louder and more numerous, and resonate around the world! ■
THE NFTE CURRICULUM
NFTE has developed several specialized curriculum products
designed for students, educators and youth workers. The flexible
program may be used as a stand-alone course in school, integrated
into existing courses in business, math, social studies and economics,
or as an after-school program or summer BizCamp.
The 10th Edition of NFTE’s How to Start & Operate a Small Business
was completed for the Fall 2005 school year and for the first time
in NFTE’s history, the curriculum was published and distributed
by Pearson Education – a global leader in educational publishing.
Incorporating the best of the 9th Edition, (winner of the 2002 Golden
Lamp Award for Books), the 10th Edition addresses national and state
standards in math, language arts, social studies and leadership/life skills.
In addition to the new 10th Edition high school curriculum, the
NFTE Curriculum is offered in two other adaptable versions using a
hands-on style that is relevant to the real world:
MIDDLE SCHOOL CURRICULUM (FUNDAMENTALS)
Appropriate for grades 6-8, and in after school programs; it offers a
practical introduction to basic entrepreneurship and business
concepts.
POST-SECONDARY CURRICULUM
Entitled Entrepreneurship: Starting and Operating a Small Business – this
version is tailored for students who have advanced beyond high school.
The textbook is organized into 14 chapters and directed at the college
market. Published by Pearson Prentice Hall, it was officially launched
in March 2006 and has passed adoption procedures in more than 100
colleges and universities including Auburn, Michigan State, New
York University and Notre Dame. ■
NFTE ANNUAL REPORT 2005-2006 | PAGE 3
NFTE SERVICES
NFTE UNIVERSITY
NFTE reaches thousands of young people from low-income communities with
its entrepreneurship program through NFTE-trained teachers and youth workers
in 28 states and 13 countries around the world. Each of these educators has
attended and completed a NFTE University Certified Entrepreneurship Teacher
Education program.
Through peer teaching, instructor-led sessions, the sharing of best practices and the
creation of a business plan, participants learn how to teach key concepts in the NFTE
curriculum and exchange ideas on implementation strategies. NFTE University is
offered as a four-day course and is held in partnership with colleges and universities
committed to enhancing opportunities for our teachers and students.
In addition to hosting teacher trainings, many of our academic partners
host NFTE BizCamps™, Business Plan Competitions and professional development
workshops for our teachers. The following leading academic institutions are NFTE
University Partners:
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Babson College
Carnegie Mellon University
Columbia University
Dublin City University
European Business School
Eugenio Pino Global Entrepreneurship Center, Florida International University
George Washington University
Haas School of Business, University of California Berkeley
Kellogg School of Management, Northwestern University
Miami-Dade College
New York University
Stanford University
University of California Los Angeles
University of Southern California
Yale University
NFTE South Florida
NFTE International Students from Ireland
ALUMNI SERVICES
Upon completion of the NFTE program, each graduate becomes a part of a life-long
network of fellow entrepreneurs. NFTE offers students on-going services and support
for their entrepreneurial endeavors. The mission of NFTE’s alumni services program is
to: promote advanced entrepreneurship training, support life and business goals of
alumni, maintain the connection between NFTE and its alumni, and foster
camaraderie among alumni. NFTE offers services on both the national and local levels.
Through a generous grant from OppenheimerFunds, NFTE is developing a
comprehensive National Alumni Services Program, a critical growth area for the
organization, and implementation began during FY 2006. The focus areas of the
grant are: outreach and marketing, which includes a new improved NFTE Alumni
website, the Advanced Entrepreneurship Seminar, and the OppenheimerFunds
Award for Social Entrepreneurship awarded at the NFTE annual gala.
Ryan Williams
Services include:
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Alumni website: alumni.nfte.com
Ongoing education and advanced entrepreneurship programs
(also known as NFTE’s Advanced BizCamp)
College track services
National award opportunities
Professional referrals and resources
One-on-one mentoring
Local events
J. David Nelson, NFTE COO
NFTE ANNUAL REPORT 2005-2006 | PAGE 4
Classroom, NFTE Fairchester
2006 Advanced Teacher Forum
NFTE Baltimore
HIGHLIGHTS AND
ACHIEVEMENTS
The 2005-2006 fiscal year saw the launch of a number of ambitious
new efforts in NFTE programs, evaluation, and policy efforts. NFTE
continued to grow as a leader in youth entrepreneurship education in
the U.S. and around the world. Since its founding in 1987, NFTE
has reached over 150,000 students with entrepreneurship education,
110,000 of those since development of its strategic plan in 2000.
Over 28,000 students participated in NFTE programs in 2005-2006.
In the U.S., the organization reached almost 16,000 students through
its program offices and program partners. NFTE merged with
KidVentures, a nonprofit organization in South Florida which teaches
entrepreneurship to children in grades 5-8, and opened a program office
to serve South Florida. NFTE now has nine program offices, including
Baltimore, Chicago, Fairchester (Westchester County, NY/Fairfield
County, CT), Greater Pittsburgh, Greater Washington, D.C., New
England, New York City Metro area, and San Francisco Bay Area.
NFTE’s international program partners taught 12,430 students in
countries including Belgium, Bermuda, China, El Salvador, Germany,
India, Ireland, Korea, the Netherlands, New Zealand, South Africa,
Tanzania, and the United Kingdom. Five of the international
programs graduated more than 1,000 students each, including the
program in China.
NFTE alumni received a number of awards in the 2006 fiscal year.
Ryan Williams won the gold medal in ACT-SO’s Entrepreneur
Competition, an initiative of the National Association for the
Advancement of Colored People (NAACP), for the second year in a
row. Omar Faruk was the first and youngest to receive Ernst &
Young’s Youth Entrepreneur Award for the New York Area. Other
alumni won recognition from the Bank of America, Dollar Divas,
and Black Enterprise magazine.
J. David Nelson, NFTE’s Chief Operating Officer, was named a
2006 Purpose Prize Fellow, one of the initial group honored by Civic
Ventures, a think tank and program incubator whose purpose is to
help society at large use the expertise of Americans over 60 to meet
society’s toughest challenges.
Research and evaluation initiatives have always been fundamental to
NFTE. These efforts were generously supported in 2005-2006 by
The Atlantic Philanthropies, the Ewing Marion Kauffman
Foundation, and the Samberg Family Foundation. NFTE completed
the training and rollout to program offices of its internal
program management system, TEAMS (Teaching Entrepreneurship
Assessment and Management System). TEAMS will be used by
program managers, teachers and even students in the coming year,
taking NFTE to a new level of learning and accountability.
J U LY 2 0 0 5 - J U N E 2 0 0 6
NFTE moved to expand its role in shaping public policy, launching a
partnership with The Aspen Institute and E*TRADE Financial to form
the Youth Entrepreneurship Strategy Group. Influential national leaders
in the fields of public policy, business, education, and philanthropy will
meet and discuss the role of entrepreneurship education in schools in
the United States. The first meeting will be held in 2007.
NFTE’s revenue grew to $13,699,517, a 5% increase over the prior
fiscal year. In addition to the foundations mentioned above,
significant funding was provided by The Goldman Sachs Foundation
for programs in New York, China, Germany, Israel and our Young
Entrepreneur of the Year awards, OppenheimerFunds for our
national alumni network, Smith Barney for NFTE’s first national
business plan competition, CA (formerly Computer Associates) for
support of our global strategic growth plan, the Shelby Cullom Davis
Foundation, and Advanced Network & Services for start-up funds
for our new South Florida office.
Launch of the Entrepreneurship Society gave momentum to NFTE’s
efforts to increase the number of individual donors supporting our
programs. Another significant program was initiated by John C.
Whitehead, who made a major endowment gift to establish the
Nancy Fund, in honor of Nancy Mason Mariotti, the mother of
Steve Mariotti, NFTE’s founder. The Nancy Fund is designed to
support and enhance the skills of our growing teacher corps through
professional development.
NFTE programs accounted for sixty-nine cents of every dollar spent
by the organization in Fiscal Year 2006. ■
“
Starting my business shows
that I have the will power to
overcome any obstacle that
comes my way.
”
Britni Jeneasha Simmons, 16
NFTE 2006 Young Entrepreneur of the Year
Business Plan Winner
Business: InTirb, Chicago, Illinois
NFTE ANNUAL REPORT 2005-2006 | PAGE 5
VOICES
“
NFTE taught me to chase my dreams.
My NFTE ‘family’ provided the support
and encouraged me to pursue both
my educational and business
endeavors. Without my NFTE training,
the Technology Leadership Institute
would not be where it is today.
”
OF NFTE ALUMNI
Mohammed Omar Faruk was born in Bangladesh and moved to this
country eight years ago with his family. During the summer of 2000
at age 13, he attended a NFTE BizCamp held at the Bedford
Stuyvesant Restoration Corporation, in Brooklyn.
He was recognized as a 2006 NFTE Young Entrepreneur of the Year
for his company, BlueStream, that offers low-cost web presence and
computer training to nonprofit organizations. Omar recently
became the first and youngest to receive the Ernst & Young Youth
Entrepreneur award from the New York area.
He is currently a senior at Independence High School in New York
City. He plans to attend college after completing his high school
education, continue his business, start a nonprofit and is interested in
a career as an investment banker. ■
Tonya Groover,
NFTE 2003 Young
Entrepreneur
Tonya Groover first participated in a NFTE program in 2001 at age 16.
Her mother learned about a summer BizCamp™ to be held at the
Carnegie Science Center in Pittsburgh. She recognized her daughter’s
natural entrepreneurial tendencies early on and encouraged her to
attend the week-long camp.
The idea for Tonya’s first company began to grow when she started
teaching family and friends how to use the computer. Using the
business skills she acquired during the BizCamp, she founded
WebElegance – a web site design and hosting company. As a result,
she was named one of NFTE’s 2003 Young Entrepreneurs of the Year.
Now a senior at the University of Pittsburgh, majoring in computer
science, Tonya has continued her entrepreneurial endeavors and
founded the Technology Leadership Institute, (TLI) – a program for
high school students interested in computers and technology. TLI is
the result of Tonya’s personal interest in research which shows the lack
of recruitment and retention of African-Americans, Latinos and
others in the computer and information sciences fields. One of its
primary goals is to encourage educational institutions to provide
opportunities for under-represented groups to pursue careers in
computer science. ■
“
NFTE ANNUAL REPORT 2005-2006 | PAGE 6
NFTE gave me the opportunity to
see things in a completely new
perspective – and it gave me a solid
understanding of business skills I
will use the rest of my life.
Mohammed Omar Faruk,
NFTE 2006 Young Entrepreneur
”
GEORGIA BLOCKMON,
A CERTIFIED ENTREPRENEURSHIP TEACHER
Certified Entrepreneurship Teachers are the heart, soul and voice of
the NFTE curriculum. It is their voice that students first hear and
respond to, and in some instances, a voice that can resonate
throughout a lifetime. Currently the voices of over 1,000 CETs can
be heard teaching NFTE programs held in schools, after-school
programs, and summer BizCamps ™ around the world.
One of those powerful teacher voices belongs to Chicago-based CET
Georgia Blockmon, a teaching veteran with lifelong passion and
commitment to education. Growing up in Mississippi, as the oldest
of ten children, her favorite pastime was to play ‘school’ with her
younger siblings. “It was my job to teach everyone else. I conducted
lessons and my brothers and sisters would complain ‘You’re not our
teacher, leave us alone!’ But my love for teaching never left me.”
Georgia’s enthusiasm for youth entrepreneurship runs deep as well.
Before she joined the Chicago Public School system, she worked as a
probation officer for youth offenders. She quickly discovered that
many of these young people-- who had fallen on hard times early in
life-- were very intrigued by the idea of starting a business.
She now works as an entrepreneurship educator and is in her fourth
year of teaching the NFTE curriculum at the Chicago Vocational
Career Academy (CVCA), a large urban vocational high school with
over 2,600 students. As a teacher, she views herself as the coach who
can inspire her students to make things happen for themselves. “My
role is to guide students and open their minds to the things I think
they should know, but I will not do their work for them. I expect my
students to go out and find their own answers.”
“
There’s no way I could have provided
these kinds of opportunities on my
own. NFTE has so much to offer.
Georgia Blockmon
Certified Entrepreneurship Teacher, Chicago
”
By the end of her first school year teaching NFTE, Georgia had
succeeded in sending three of her students to compete in the Chicago
city-wide business plan competition.
What’s even more remarkable is that this was done with only one
hardcopy of the textbook for her class of fifteen students.
“Everyone wanted to use the text at the same time. I had to become
a librarian for that book. Students would take turns signing it out and
then bring it back the next day.
I love the NFTE curriculum because everything is laid out clearly and
you can manage the information step-by-step,” she says. ■
THE NANCY FUND
The importance of teachers to NFTE was highlighted in FY
2006 by founding the Nancy Fund. Created by John Whitehead
with the announcement of a major endowment, it honors the
memory of Steve Mariotti’s late mother, Nancy Mason Mariotti.
Nancy, who passed away in 1996, was a devoted and exceptional
teacher who worked with at-risk youth. The objective of the
Nancy Fund is to honor this group of dedicated NFTE
educators, increase the retention rate of NFTE’s best teachers
through professional development activities and maintain the
high quality of NFTE’s programs. ■
VOICES
OF CERTIFIED
ENTREPRENEURSHIP
TEACHERS
RESEARCH
EVALUATION
AND
NFTE has a strong commitment to research
and evaluation. This two-pronged approach
makes it possible to improve our curriculum
and teacher programs, develop effective program implementation
models, demonstrate results, and add to the body of knowledge on
youth development and entrepreneurship. By doing so NFTE meets
its responsibilities to our key stakeholders – students, teachers,
schools, community programs, funders and policy makers.
The foundation of our current research and evaluation efforts is
NFTE’s Theory of Change (TOC), a detailed logic model which
outlines the desired outcomes of the NFTE program and what steps
are taken at the student, teacher, program partner and staff level to
attempt to gain the desired results. TOC is anchored on findings of
our earlier research as well as on extensive feedback from the field.
The research, the first of its kind in the field of youth entrepreneurship,
began in 1993 with a five-year evaluation carried out by Brandeis
University. In 1998, the David H. and Charles G. Koch Charitable
Foundations sponsored a comprehensive study on the impact of youth
entrepreneurship in America. These studies yielded gratifying findings
related to the significant role that NFTE played in developing and
supporting business ownership among youths.
consultants, NFTE has instituted a standard measure of student
outcome collected through the use of pre- and post-class surveys.
This instrument is now being utilized in all NFTE program offices
and select licensee sites. This, and other newly developed evaluation
tools are a part of NFTE’s recently launched internal program
management system, TEAMS (Teaching Entrepreneurship
Assessment and Management System). Development and initial staff
trainings were completed in FY 2006, and TEAMS was rolled out to
the NFTE program offices. We plan to make TEAMS an ongoing
part of the organization’s life, extending its use beyond our staff to
teachers, youth workers and program partners.
Major supporters of this effort and other research during this fiscal
year include The Atlantic Philanthropies, the Ewing Marion
Kauffman Foundation, and the Samberg Family Foundation. ■
We learned, however, that not every young person is destined to
become a business owner and that entrepreneurial skills play a much
bigger role in youth development than we had originally foreseen. To
learn more about this role, NFTE began working with Project IF
(Inventing the Future) and the Harvard Graduate School of
Education in 2001 to explore the influence of NFTE’s youth
entrepreneurship program on school engagement, orientation toward
the future, and the development of other key life skills. Studies
conducted in Boston public schools from 2001-2003 yielded
promising findings such as increases in independent reading as well as
educational and occupational aspirations among NFTE participants.
We are determined to explore more deeply the differences in student
outcomes based upon the NFTE model being implemented and to
compare NFTE students to those who have never been through a
NFTE program. NFTE is taught in community programs and
schools. Programs can last between 40 hours to over 100 hours. It is
offered as a “stand alone” course in some venues. In others, it is
infused into school district educational subjects and curricula.
For assistance with these challenges, we hired Brandeis University in
2006 as the lead investigator, in consultation with Harvard, to execute
a program variations study with comparisons to national data on key
outcomes, such as student engagement. This external evaluation study
will be conducted throughout FY 2007, with over 1,000 participants
in high school classes taught by veteran NFTE teachers in five
metropolitan areas. This project will incorporate analysis of teacher
feedback and student outcomes including attendance, graduation,
grades and six month follow-up as well as the previously mentioned
school engagement and life skills measurements.
With the input of the Brandeis/Harvard team and external evaluation
NFTE ANNUAL REPORT 2005-2006 | PAGE 8
USA
El Salvador
Bermuda
NFTE’s program partners are an integral part of the organization’s growth, bringing NFTE’s voice to areas beyond the reach of current NFTE
program offices, in both the United States and foreign countries. Program partners are licensed users of NFTE programs and are established
nonprofit/charitable organizations, educational institutions, community-based organizations or government agencies. They have visions and
missions complementary to NFTE’s and independent, sustainable funding streams, while meeting NFTE’s standards for program quality.
Program partners delivered training to over half the students (59%) NFTE reached in the 2006 fiscal year. Program partners during the 20052006 fiscal year included:
U.S. PROGRAMS
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INTERNATIONAL PROGRAMS
E-City (Cleveland)
Florida Department of Education
GEAR UP Kentucky
National Association for the Advancement of Colored People
(NAACP)
NFTE Dallas Partnership
Yescarolina
Youth Entrepreneurs of Kansas
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NFTE
PROGRAM
PARTNERS
United Kingdom
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Bermuda – Youth Entrepreneurship Initiative
China – Bright China Foundation
India – I Create, Inc.
Korea – The Young Professionals Institute of Korea
New Zealand – Hui Taumata Taskforce
NFTE Belgium
NFTE Germany
NFTE Ireland
NFTE Netherlands
NFTE United Kingdom
South Africa – Maths Centre for Professional Teachers &
Umsobomvu Youth Fund
Technoserve – El Salvador, Tanzania
SINCE 1987, NFTE
HAS REACHED OVER
150,000 STUDENTS
AROUND THE WORLD
The Netherlands
Germany
Ireland
Belgium
China
India
Korea
Tanzania
New Zealand
South Africa
NFTE BOARDS & COMMITTEES
BOARD OF DIRECTORS
Albert Abney
Landon Hilliard, Board Chairman
Arthur J. Samberg
Director, Remanufacturing Center, York College
Partner, Brown Brothers Harriman
Chairman & CEO, Pequot Capital Management, Inc.
Bart Breighner
James Lyle, Board Vice Chairman
Diana Davis Spencer, Board Vice Chairman
Founder & CEO, Artistic Impressions
President & CIO, Millgate Capital, Inc.
Chair of Grants, Shelby Cullom Davis Foundation
William (Bill) Daugherty
Consuelo Mack
Kenneth I. Starr
Founder, Interactive Search Holdings, Inc.
Anchor and Managing Editor, Consuelo Mack WealthTrack
President, Starr & Company LLC
Michael L. Fetters
Steve Mariotti
Peter B. Walker
Walter Carpenter Distinguished Professor of Management,
Babson College
Founder & President, NFTE
Managing Director, McKinsey & Company, Inc.
Kevin Murphy
Tucker York, Treasurer
Alan Patricof
Managing Director, Private Wealth Management, Goldman,
Sachs & Co..
Lawrence N. Field
Founder, NSB Associates, Inc.
John B. Fullerton, Board Secretary
Chairman,, Greycroft Partners, Inc.
CEO, Alerian Capital Management, LLC
Donna Redel
Tom Hartocollis
Robert Reffkin
Senior Director, Worldwide Services, Microsoft Corporation
White House Fellow
NATIONAL ADVISORY BOARDS
STRATEGIC PLANNING COMMITTEE
EXECUTIVE COMMITTEE
Nicholas W. Alexos
Stephen Brenninkmeyer
Vice President, Madison Dearborn Partners, Inc.
Andromeda Fund
Thomas H. Byers
Douglas L. Becker
Kathryn Davis
Industrial Engineering & Engineering Mgmt., Stanford University
President & Co-CEO, Laureate Education, Inc.
Chairman, Shelby Cullom Davis Foundation
Professor William Bygrave
William J. Crerend
Lewis M. Eisenberg
Director, Center for Entrepreneurial Studies, Babson College
Chairman, Evaluation Association Capital Markets
Co-Chairman, Granite Capital International Group
Dr. James I. Cash
Clara E. Del Villar
Theodore J. Forstmann
Portfolio Manager, Neuberger & Berman
President, Forstmann Little & Co.
Professor of Business Administration, Harvard University Business
School
Hon. David M. Dinkins
Sir Paul Judge
Ben Goldhirsh
Columbia University
Chairman, Businessdynamics (UK)
The Goldhirsh Foundation
Stedman Graham
Mary Myers Kauppila
Verne Harnish
President, S. Graham & Associates
Ladera Management Company
Gazelles, Inc.
Jennifer Grossman
The Hon. Jack Kemp
James Hayes
VP, Director, Dole Nutrition Institute
Co-Chairman, FreedomWorks
El Pomar Foundation
Craig Hall
Elizabeth B. Koch
Dr. Jawanza Kunjufu
Hall Financial Group
Koch Industries
President, African American Images
Michael J. Hennessy
Abby Moffat
Dr. Joseph Mancuso
President, The Coleman Foundation
Vice Chairman, Shelby Cullom Davis Foundation
President, CEO Clubs
Ronnie Jenkins
Jeffrey S. Raikes
Dr. Richard K. Miller
Teen Plus Program
Group Vice President, Productivity & Business Services, Microsoft
Corporation
President, Franklin W. Olin College of Engineering
Harvard University
John C. Whitehead
President & Founder, Hispanic Policy Development Project
Loida Nicolas Lewis
Founding Chairman, Lower Manhattan Development Corp.,
Former Chairman, Goldman, Sachs & Co.,
Former Deputy Secretary of State
Professor Paul Reynolds
Vicki Strauss Kennedy
CEO, TLC Beatrice, LLC
CURRICULUM & EDUCATION
POLICY COMMITTEE
Siobhan Nicolau
Florida International University
Professor Howard W. Stevenson
Michael Porter
Harvard University Business School, Harvard University,
Professor Jeffry A. Timmons, Center for Entrepreneurial
Leadership, Babson College
Harvard Business School
Robert B. Rogers
Professor Don Wells
John (Jack) Stack
Department of Economics, University of Arizona
President & CEO, Springfield ReManufacturing Corp.
Liza Vertinsky
Esquire, Wolf, Greenfield & Sacks, P.C.
Dr. Walter E. Williams
Professor of Economics, George Mason University
Robert E. Woodson
President, NCNE
NFTE ANNUAL REPORT 2005-2006 | PAGE 10
REGIONAL ADVISORY BOARDS
BAY AREA
Ralph Faison
Hunter Associates, Inc.
Arlene Ackerman
Andrew Corporation
Jessica B. Lee, J.D.
San Francisco Unified School District
Craig Huffman
ViveVenture, LLC
Carolyn M. Bechtel
Cradle Real Estate Group, LLC
Ron Morris
CBIC Group, LLC
Harvey Struthers
Duquesne University
Bradley Defoor, Co-Chair
JPMorgan Chase
Dave S. Nelsen, Chair
Goldman, Sachs & Co.
Greg Tomb
TalkShoe
Joanna Rees Gallanter, Co-Chair
SAP America, Inc.
VSP Capital
FAIRCHESTER
Brien Biondi, Chair
Joseph Armentano
Chief Executives Organization, Inc.
Paraco Gas
Charlene Drew Jarvis, Vice Chair
David D. Burrows
Southeastern University
Hudson Advisor Services
Steve Balistreri
Terrence D. Chalk
Argy, Wiltse & Robinson
Compulinx
Minal Damani
Christine Dibona
Discovery Education
Marsh
Thomas Dohrmann
Dr. Michael M. Ego
Mckinsey & Company, Inc.
UCONN/ Stamford
Mark Esposito
John F. Erdmann III
Pricewaterhousecoopers LLP
Merrill Lynch
John M. Fruehwirth
Brooke A. Feder
Allied Capital Corporation
NEW YORK METRO
Cushman & Wakefield
Antwayne Ford
W. Michael Funck
Enlightened, Inc.
James Alterbaum
Hynes, Himmelreich & Glennon
Teri Galvez
Peter Goldsmith
Paradigm Event Management
NFTE New Haven
John Hasenberg
Jeffrey Hastie
A.G. Edwards & Sons
Tydan Management
Martin Janis
Spring Creek Advisors, LLC
Duncan Hennes
Atlantic Services Group
Promontory Financial Group
Mike Kimsey
BALTIMORE
Paul Def. Hicks, Jr.
Kimsey Foundation
Jeffrey Cohen
J. P. Morgan (Ret'd)
Peggy A. Ledvina
Educate, Inc.
Louis C. Kirven III
Bernstein Global Wealth Management
Cheis Garrus
Empire State Devel. Corp.
Phil McNeill
MuniMae
James L. Lisher, Chair
SPP Mezzanine Funding
Larry Jennings
Wharton Innovative Products
Terrance McGowan
Touchstone Partners
Ellen Lynch, Vice Chair
Private Wealth Management
Brian Merritt
Yonkers IDA
Mark C. Michael
RSM McGladrey
Jacqui Peace
Occasions Caterers, Inc.
Wes Moore
Lisa Giarretto
First Business Networks
Frank S. Greene
New Vista Capital
James H. Herbert, II
First Republic Bank
George E. Myers
Ladera Management Company
Arthur Rock
Arthur Rock & Co.
Michael Ronan
Merrill Lynch
James Schlueter
Morgan Stanley
Melissa Schoeb
Fleishman-Hillard
R. David Spreng
Crescendo Ventures
Frank S. Tom, Ed. D.
San Francisco Unified School District
David Weir
GREATER WASHINGTON D.C.
GE Consumer Finance
Terry Nicholetti
White House Fellow
Malcolm S. Pray, Jr.
Washington Business Journal
Marcia Price
Pray Achievement Center
Marsha Ralls
Erickson Retirement Communities
Dean J. Shapiro
The Ralls Collection
Anne Quirk
CB Richard Ellis
David Roodberg
M & T Bank
Joanne Taylor
Horning Brothers
Lawrence Rivitz, Chair
MBIA
Sidney Smith
Marketing Initiative
Brian Walsh
Maria Welch
QVAN Capital
Kirkpatrick & Lockhart Nicholson Graham
LLP
Respira Medical
Michael Weinstein
Julia Spicer
Herb Wilkins, Jr.,
INOV8 Beverage Co.
SYNCOM, Inc.
GREATER PITTSBURGH
Joel Winegarden
Mid-Atlantic Venture Association
Kim Watson
MarylandAffairs
Kenneth Dreyer
Henrietta Gate
H.R. Gates & Company
James E. Geraghty
Morgan Stanley
Matthew Growney
Motorola Ventures
Lama Jarudi
Charlestown High School
Victoria-Alicia Lopez
The Stop & Shop Supermarket Company
Thaddeus Miles
MassHousing
Douglas J. Miller, Co-Chair
State Street Corporation
Geoffrey S. Rehnert
Audax Group
Cedric M. Turner
Universal Benefits Services
Michael Wanyo
Vitale, Caturano and Company
Moses & Singer LLP
Constance Cocroft
CA, Inc.
Mark D. Danchak
Libertas Partners, LLC
Douglas Evans
Nimblefish Technologies, Inc.
Judith L. Feder, Vice Chair
Spencer Trask Ventures, Inc.
Eugene Giscombe
Giscombe Henderson, Inc.
Nancy W. Hanson
Roxbury USA, LLC
Jacob Ivry
State Bank of Long Island
Bob Jones, Chair
Glenn D. Kaufman
Henry Kaufman & Company
Allen M. McFarlane
New York University
Paul Rich, CPA
Rothstein, Kass & Company, P.C.
Michael D. Robinson
Microsoft Corporation
Patricia A. Sampson
The Bank of New York
Maury Satin
Giuliani Partners
Michael D. Simmons
Extreme Entrepreneurship Education Corp.
The Harry & Jeanette Weinberg Foundation
W.S. Brown IV
Lucas System, Inc.
NEW ENGLAND
Jerrold B. Spiegel
CHICAGO
Patrick Colletti
Jay Christopher
Net Health Systems, Inc.
Robert L. Adams
James Arciero
Damien R. Wilson
The Pampered Chef, Ltd.
Roger Cox
Office of Senator Steven Panagiotakos
Urban America, L.P.
Clint Coghill (Chair)
Alpern Rosenthal
Michael A. Bartucca
P. Thornton Withers
Linda Dickerson
Vitale, Caturano and Company
Aon Risk Services
501 (C) (3)2
Peter Cowie, Co-Chair
Katerina Zacharia
Depaul University’s Coleman Entrepreneurship
Center
S. Thomas Emerson, Ph.D.,
CBE Technologies
Carnegie Mellon University
Darren J. Donovan
James Duggan
David Hunter
KPMG, LLP
Coghill Capital Management, LLC
Raman Chadha
Handler, Thayer & Duggan, LLC
NFTE ANNUAL REPORT 2005-2006 | PAGE 11
Frankfurt Kurnit Klein & Selz, P.C.
NFTE Certified Entrepreneurship
Teacher Instructor
FINANCIALS
FISCAL YEAR 2005-2006
FINANCIAL STATEMENTS
FY 2006 REVENUE
0.6% License Fees
for the fiscal year ending June 30, 2006
FY 2006
Statement of Financial Position
Assets
Liabilities
Net Assets
Statement of Activities
Support, Revenue
& Reclassifications
Contributions
Endowment
License Fees
Government Grants
Contract Services
Training Fees
Material Sales
Annual Gala
Investment Income
Contributed Software and Services
Other Income
Royalty Income
Total Support, Revenue &
Reclassifications
FY 2005
5.6% Government Grants
1.9% Contract Services
$17,543,655
$1,543,167
$16,000,488
$14,073,900
$1,202,367
$12,871,533
1.2% Training Fees
3.7% Material Sales
1.4% Investment Income
1.5% Contributed
Software & Services
0.3% Other Income
0.4% Royalty Income
$8,712,973
$1,317,012
$78,355
$769,635
$265,480
$158,760
$505,261
$1,403,779
$185,939
$206,488
$47,761
$48,079
$6,943,047
$3,389,300
$49,817
$240,431
$349,925
$306,521
$439,684
$1,111,736
$114,242
$92,324
$38,627
Total Contributions*
83.5
32% Corporations
18% Individuals
51% Foundations
* Includes contributions to endowment and annual gala
$13,699,517
$13,075,654
Expenses*
Program
Management and General
Fundraising
Total Expenses
$7,266,825
$2,249,941
$1,053,796
$10,570,562
$5,425,135
$1,725,969
$568,185
$7,719,289
Change in Net Assets
Net Assets, beginning of year
Net Assets, end of year
$3,128,955
$12,871,533
$16,000,488
$5,356,365
$7,515,168
$12,871,533
FY 2006 EXPENSE
10% Fundraising
21% Management
& General
Programs
*It is NFTE's position that we are guided as follows: Program is the delivery of service to our
targeted users of the curriculum as well as any educational activity necessary to inform anyone as to NFTE's methodologies and objectives, consistent with our 501 c (3) status. This
includes gaining mindshare of those interested in NFTE. Management & General are efforts
taken to administer staff development, compliance reporting (other than program reporting)
and those activities to position NFTE as an organized entity. Fundraising is activity directly
related to "asking" for donations.
NFTE ANNUAL REPORT 2005-2006 | PAGE 12
69%
NFTE STUDENTS ENROLLED PER YEAR, FY 2000– FY 2006
28,400
30,000
22,500
21,931
15,000
17,305
15,118
18,733
10,351
10,260
7,500
0
2000
2001
2002
FY 2003
FY 2004
FY 2005
Jan-June*
* 2002 reflects a six-month reporting period due to a change in the fiscal year to coincide with the school year.
NUMBER OF DONORS BY YEAR
1,520
1,500
1,000
977
810
500
633
0
FY 2003
FY 2004
FY 2005
NFTE ANNUAL REPORT 2005-2006 | PAGE 13
FY 2006
FY 2006
RECOGNIZING
NFTE SUPPORTERS
ENTREPRENEURIAL LEADERS
The following donors have given to NFTE $100,000+ since our founding in 1987 through FY 2006. We are deeply indebted to them for their
ongoing generosity and commitment to supporting NFTE's mission.
$4,000,000+
Atlantic Philanthropies
$3,000,000+
The Goldman Sachs Foundation
$2,000,000+
Arthur and Rebecca Samberg
Shelby Cullom Davis Foundation
$1,000,000+
Anonymous (2)
Amelior/MCJ Foundation
Argidius Foundation
Coleman Foundation
Kathryn Davis
Goldhirsh Foundation
Vira I. Heinz Endowment
David H. Koch Charitable Foundation
Charles G. Koch Charitable Foundation
Koch Industries, Inc.
McKinsey & Company, Inc.
Microsoft Corporation
Multinational Scholar Charitable Trust
1907
Myers Kauppila Family Foundation
OppenheimerFunds Foundation
Scaife Family Foundation
Harry and Jeanette Weinberg Foundation
Whitehead Foundation
William Zimmerman Foundation
$500,000+
Advanced Network & Services
Dwight Anderson
CA, Inc.
Carson Family Charitable Trust
“
Goldman Sachs & Co.
Ewing Marion Kauffman Foundation
F.M. Kirby Foundation
Louis and Harold Price Foundation/Price
Institute for Entrepreneurial Studies
Merrill Lynch & Co. Foundation, Inc.
NASDAQ Educational Foundation
Samberg Family Foundation
$250,000+
Anonymous
Bank of America
Jay and Doris Christopher Foundation
CIBC World Markets Corp. USA
Nathan Cummings Foundation
Diana Davis Spencer
Dunn Family Charitable Foundation
First Republic Bank
Freddie Mac Foundation
Landon Hilliard
JPMorgan Chase Foundation
James R. Lyle and Tracy Nixon
Morgan Stanley
Princess House, Inc.
Prudential Foundation
Smith Barney
Verizon Foundation
$100,000+
Anonymous
Aaron Straus & Lillie Straus Foundation
Achelis & Bodman Foundations
Alcoa Foundation
Allied Capital Corporation
Artistic Impressions, Inc.
Babson College
Arthur M. Blank Family Foundation
Booth Ferris Foundation
Morris and Gwendolyn Cafritz
Foundation
Bruce and Marjie Calvert
Castle Rock Foundation
Arthur and Carlyse Ciocca
Citigroup Foundation
Cooley Godward, LLP
Cowie Family Charitable Fund
Joseph A. DiMenna
Lawrence Field
Fight for Children
Paul and Phyllis Fireman Charitable
Foundation
Gabilan Foundation
Gap Foundation
Hewlett-Packard Company
Bob and Karen Jones
K2 Advisors
Kimberly F. Lamanna
Eugene and Agnes E. Meyer Foundation
Henry E. Niles Foundation
Picower Foundation
Putnam Investments
Ronald McDonald House Charities
Sacramento Housing & Redevelopment
Agency
Shoreland Foundation
Small-Alper Family Foundation
Southern Management Corporation
State Street Corporation
Vitale, Caturano & Company
Foundation
World Trade Center Business Recovery
Grant Program
York Family Fund
The NFTE program really gave me the chance to express myself
with (through) business, because that’s what I love to do.
Laura DeLucia, 16
NFTE 2006 Young Entrepreneur of the Year
Business Plan Winner
Business: Healing Hearts
White Plains, New York
NFTE ANNUAL REPORT 2005-2006 | PAGE 14
”
FOUNDATION & CORPORATE CONTRIBUTORS JULY 2005 - JUNE 2006
$500,000+
Atlantic Philanthropies*
The Goldman Sachs Foundation*
$100,000+
Anonymous (2)
Advanced Network & Services*
Bank of America
Coleman Foundation*
Ewing Marion Kauffman Foundation*
Freddie Mac Foundation
Goldman Sachs & Co.
Harry and Jeanette Weinberg Foundation*
Multinational Scholar Charitable Trust 1907
OppenheimerFunds Foundation*
Shelby Cullom Davis Foundation
Smith Barney*
Goldhirsh Foundation*
William Zimmerman Foundation*
$50,000+
Aaron Straus & Lillie Straus Foundation*
AOL LLC
Castle Rock Foundation
Citigroup Foundation
Cortopassi Institute
F.M. Kirby Foundation
France-Merrick Foundation
Fund for Educational Excellence
Harbert Capital Management
Internet Marketing Center
Jefferies & Company, Inc.
JPMorgan Chase Foundation
Richard King Mellon Foundation
Merrill Lynch & Co. Foundation, Inc.*
Morgan Stanley
Henry E. Niles Foundation
Putnam Investments
Samberg Family Foundation*
SAP, Inc.
Scaife Family Foundation
Taproot Foundation
Vira I. Heinz Endowment
York Family Fund*
$25,000+
Anonymous
Allied Capital Corporation
Babson College
Bear Stearns & Co. Inc.
Benson Foundation
Coghill Capital Management LLC
Frog Rock Foundation
IBM
IMS Health
Irish Youth Foundation*
K2 Advisors
Kramer, Levin, Naftalis & Frankel
Louis and Harold Price Foundation*
MCJ Foundation
Microsoft Corporation
Palmer Foundation
Polk Bros. Foundation
Seedlings Foundation
Starr Foundation
Tudor Foundation
Triarc Companies Inc.
W.L.S. Spencer Foundation
Zanvyl and Isabelle Krieger Fund
$10,000+
Aether Systems, Inc.
Aetna Inc.
American Express Foundation
American Trading and Production Corporation
Aquascape Designs
Archipelago Exchange, LLC
Bank of New York
Barker Welfare Foundation, Inc.
BDI
Boston Properties
Charles Schwab Foundation
CIBC World Markets Corp. USA
Citizens Bank Foundation
Credit Suisse First Boston
Dart Group Foundation
DC Chamber of Commerce
Deloitte
Dickstein, Shapiro, Morin & Oshinsky LLP
Dominion Foundation
E*TRADE Financial
Electronic Data Systems Corp.
Ford Motor Company Fund
Fried, Frank, Harris, Shriver & Jacobson LLP
Friedman Billings Ramsey Charitable Foundation
H. Glenn Sample Jr. MD Memorial Fund
Horning Brothers, Inc
iDirect Technologies
John Templeton Foundation
Kimsey Foundation
Kirkpatrick & Lockhart LLP
Libertas Partners, LLC
Maverick Capital Charities
MBIA Foundation
McKinsey & Company, Inc.
Mid-Atlantic Venture Association
Navigant Consulting Inc.
Occasions Caterers
PGA Tour Wives Association, Inc.
Southern Management Corporation*
Staples Foundation for Learning, Inc.
Surefire Marketing
Sylvan/Laureate Foundation*
Tejas Securities Group
McGraw-Hill Companies
Thomson Corporation
Verizon Foundation
VIGET Labs
Vitale, Caturano & Company Foundation
Washington Mutual
Wellington Management Charitable Fund
William E. Simon Foundation
$5,000+
AEA Investors Inc.
Alcoa Foundation
AllianceBernstein Foundation Fund of The New
York Community Trust
Argy Wiltse & Robinson, P.C.
Atlantic Services Group
Bender Foundation
NFTE ANNUAL REPORT 2005-2006 | PAGE 15
*Gift is part of a multi-year grant
BetterWorld Telecom
Morris and Gwendolyn Cafritz Foundation*
Louis R. Cappelli Foundation
Career Builder, Inc.
Charlesmead Foundation
Chief Executives Organization, Inc.
Columbia Capital, LLC
Comerica Bank
Constellation Energy Group Foundation Inc
CVENT
Discovery Education, Inc.
Doracon Contracting Inc.
Erickson Retirement Communities
Ernst & Young LLP
Exxon Mobil Corp.
Fiduciary Trust Co. International
Fleishman-Hillard Inc.
Freed Photography & Videography
Freedom Forum
Guardian Life Insurance Company of America
GE Consumer Finance
Geppetto Catering, Inc.
M & T Bank
Mary Hillman Jennings Foundation
Millipore Foundation
Mintz, Levin, Cohn, Ferris, Glousky & Popeo, P.C.
Morino Institute
National Cooperative Bank
OPUS8
PCM Construction
Perseus Realty
Potomac Electric Power Company
PPG Industries Foundation
Radio One
Razorsight
RBC Capital Markets
Reckson Management Group, Inc.
Red Zebra Broadcasting LLC
Rothstein, Kass & Co., D.C.
Roy A. Hunt Foundation
Segovia
Sempra Energy Trading
Silicon Valley Bank
SysTECH integrators, Inc.
Telecommunications Development Fund
Rouse Company Foundation
Aber D. Unger Foundation
Wachovia
Walker & Dunlop
Webster Bank
$1,000+
Alpern Rosenthal
Ariel Capital Management, Inc.
Arlington County Government
Arnold & Porter
Baltimore Community Foundation
Bernstein Global Wealth Mangement
Henry and Ruth Blaustein Rosenberg Foundation*
Calder Race Course
Catalyst Connection and Pittsburgh Technology
Council
Combined Properties Inc.
Cordish Family Fund
Cushman Foundation
Executive Association
“
NFTE taught me to be persistent and to never give up
on my dream, no matter how hard it gets.
Sahabahddin Muhammed, 18
NFTE 2006 Young Entrepreneur of the Year
Business Plan Winner
Business: Empire LLC
Cleveland Heights, Ohio
”
FOUNDATION & CORPORATE CONTRIBUTORS – continued
Flanigan & Sons, Inc.
Forbes Funds
Forum Resources Network
Fund Management Services, LLC
Galvez Cleary & Associates
Greenwald Foundation
Shelly Mulitz and Morton Gudelsky Foundation
Hall Financial Group
Inner City Hope
Jandon Foundation
Kastle Systems International
Levensohn Venture Partners
Lone Pine Foundation, Inc.
MCMUSA, Inc.
Medrad
The Meltzer Group
Mercantile Safe Deposit and Trust Company
Messer Family Fund of The Pittsburgh Foundation
Moon Capital Management LP
Morgan, Lewis & Bockius, LLP
William H. Murphy, Jr. & Associates, P.A.
New Vantage Group
Ocean Spray Cranberries, Inc.
Paraco Gas Corporation
Phillips International Inc.
PIAB USA, Inc.
PNC Bank, N.A.
Presidents' Roundtable
Rocklands Barbeque & Grilling Company
RSM McGladrey Inc.
Ryan and Wetmore, PC
Saul Ewing Attorneys at Law
Albert and Lillian Small Foundation
Southeastern University
State Bank of Long Island
Stinson Morrison Hecker LLP
Struever Brothers, Eccles & Rouse Inc.
Syncom Management Company, Inc.
Technology Council of Maryland
Connecticut Light and Power Company
Finnerty Group
Williams Capital Group, L.P.
ThinkEquity Partners LLC
Training Pro
U.S. Trust Company of Connecticut
U.S.B. Foundation, Inc.
UBS Foundation USA Matching Gift Program
Williams Trading, L.L.C.
YES! Circle, LLC
UNDER $1K
(3)2
501 (c)
A.J. Palumbo School of Business Administration
Abell Foundation
African American Chamber of Commerce
Andrews Kurth LLP
Apex Home Loans, Inc.
Arima Capital LLC
Artuso Pastry Foods Corporation
Baltimore Securities Systems, Inc.
Bank Street Group
Bialek Corporation of Maryland
Bognet Construction Associates
Bottomline Technologies, Inc.
Bowie & Jensen LLC
Boxwood Development Services, LLC
Brookside Marketing Partnership LLC
BT Property Associates, LLC
Buchanan Ingersoll P.C.
Capital Search Group LLC
Capitol Hill Building Maintenance, Inc.
Community College of Allegheny County
Concord Foods, Inc.
CRA International
Cross Services Group
Custom Accounting Solutions, LLC
CVS Corporation
Diaspark, Inc.
Directory Billing, LLC
Dollar Bank
Dream Homes, Inc.
Duquesne University Small Business Dev. Ctr.
D'Ventures Unlimited, Inc.
Eagle Ventures, Inc.
Eat'n Park Hospitality Group, Inc.
Entrepreneur Center at NVTC
Essential Power Systems, LLC
EVS Corporation
Federal Auto Auction
Fifth Third Bank
Flirting Time Com Inc.
The Fragasso Group, Inc.
Gangnath Family Charitable Fund of Foundation
Northwest
Gateway Financial
Glendale Beauty Salon
Global Commerce Solutions
Government of the District of Columbia
Harmon Consulting, LLC
Hartnick Consulting Inc.
Hayes Enterprises
NFTE ANNUAL REPORT 2005-2006 | PAGE 16
The Info Project
International Hospitality Suppliers, Inc.
KeyBank, N.A.
Kramon & Graham, P.A.
Komar Temple
Leoterra LLC
Lexicon Communications Corp.
Louder Than Words
Lucas Systems Inc.
Martek Global Services, Inc.
MassMutual Financial Group
McCrory & McDowell
Mellon Family Foundation
Mercer Human Resources Consulting
Moss Family Foundation
Motorola Foundation
MSE Group
Mt. Lebanon Office Equipment
National Council on Economic Education
NGP Software Inc.
Nixon Peabody LLP
One Mile Up, Inc.
Oxford Development Company
Paradigm Mortgage Services, Inc.
Perez & Perez Architects Planners inc.
Pitney Bowes Matching Gifts Program
Pond Creations
Pongo LTD
Potomac Officer's Club
Redstones LLC
The Results Group
Reznick Group
Second Chance Employment Services
Shan Industries LLC
Shapiro Negotiations Institute
Sigma Capital Advisors, LLC.
Stanley Martin Commercial
Suitland High School
Tachyon Solutions
TAG/The Acceleration Group
Thayer Capital Partners
The Timmons Group
Touched By God Ministry
Velezco, Inc.
Ventana Productions
Wallis and Bowers
Western PA. Chapter Society of Industrial Realtors
Wharco Realty Group, Inc.
Wilke & Associates, LLP
Young America Works
ENTREPRENEURSHIP SOCIETY MEMBERS JULY 2005 - JUNE 2006
CHAIRMAN’S CIRCLE
$100,000+
Russell L. Carson
Mary Myers Kauppila
George E. Myers
PRESIDENT’S CIRCLE
$50,000+
Dwight Anderson
Carlyse F. and Arthur A. Ciocca
Kathryn Davis
Philip A. Falcone
John P. Havens
ANGEL INVESTOR
$25,000+
Jay and Doris Christopher
William Daugherty
Richard M. Fels
Ben Goldhirsh
Landon Hilliard
James Lyle and Tracy Nixon
Kevin Murphy
Alan Patricof
Rebecca and Arthur Samberg
Diana Davis Spencer
Tucker York
SHAREHOLDER
$10,000+
Anonymous (2)
Robert L. Adams
Cathy Bernard
Kevin and Nancy Burns
Bruce and Marjie Calvert
Clint Coghill
Pat Alper
Ray M. Costa
Steven Denning
Joseph A. DiMenna
John M. Duff
Margaret Dunn
Morris Dweck
Judith and Warren Feder
John B. Fullerton
Lenny Greenberg
Craig Hall
Verne Harnish
Duncan P. Hennes
James and Cecilia Herbert
Karen and Bob Jones
Glenn Kaufman
Ted and Lynn Leonsis
Robert S. Mancini
Richard and Nancy Marriott
Richard Mastromatteo
Philip A. McNeill
Douglas J. Miller
Vikram Pandit
Jeffrey S. Raikes
Mr. and Mrs. David Reis
Joseph E. Robert
Julian Robertson
Arthur and Toni Rembe Rock
John Santonastaso
James B. Schlueter
Stanley Shopkorn
Sheri J. Sobrato
R. David Spreng
Lari Stanton
Gavin and Leslie Sword
Richard B. Toren
Peter B. Walker
Holly Wallace
Brian Walsh
Michael and Jill Weinstein
Palmer West
SUSTAINING MEMBER
$5,000+
Keith T. Banks
Brien and Amy Biondi
Wendy and Titus Brenninkmeijer
Stephen Brenninkmeyer
Glenn E. Corliss
Mark D. Danchak
Kimberly B. Davis
William H. Donaldson
James M. Duggan
L. Brooks Entwistle
Raul Fernandez
William B. Finnerty
Theodore J. Forstmann
Eugene Giscombe
Peter B. Goldsmith
Jeffrey Green
John Hughes
David W. Hunter
Larry E. Jennings
Eric G. Johnson
James M. Kelley
Matthew N. Lehrer
Larry Levy
Linda S. Lubitz
Vincent Mai
Tony Mayer
Barbara Meyer
Mark Michael
William H. Murphy, Jr.
& William Hassan Murphy, III
Richard H. Oedel
Jacqui and Paul Peace
Robert A. Pritzker
Geoffrey S. Rehnert
Tony A. Rose
Mark Rothman
George and Betsy Sherman
Sidney R. Smith
Celeste Suggs
John and Deborah Thibault
William L. Walton
Stephen and Christine Waterman
David Weir
S. Tien Wong
Kathy C. Yohalem
FOUNDING MEMBER
$2,500+
Carolyn Bechtel
Kelvin Bernard
Oliver Brenninkmeyer
Kenneth T. Casey
Claudio and Joanette Chiuchiarelli
Peter Cowie
James A. Dal Pozzo
Joan Danforth
Richard DiPippo
John F. Erdmann
Doug Evans
Carol and Ron Ferguson
Edie Fraser
M. C. Gabriel
Henrietta Gates and Heaton
Robertson
James E. Geraghty, Jr.
Jonathan Harris
Paul D. Hicks
William Ingram
Thelma Jones
David and Melanie Jorden
Michael J. Kosek
Constancio Larguia
Peggy Ledvina
Steve J. Mariotti
Jeffrey T. Black
Thomas Brasco
Romero Britto
Robert Brown
W. S. (Rick) Brown IV
Howard G. Buffett
Peter J. Burns
Paula and Robert Butler
Joseph J. Caruso
Michael J. Caslin, III
Donald Cecil
Myles Cheffitz
Enrique Collazo
Leon G. Cooperman
Robert and Betty Cooperstein
Linda Coye
Dana C. Craig
William J. Crerend
Minal Damani
Robert L. Diamond
Christine DiBona
Thomas Dohrmann
Peggy and Millard Drexler
Henry Dugan
Michael M. Ego
Gerald McGinnis
Alan L. Meltzer
Mark A. Moore
Elizabeth Moran
Susan Niederhoffer
Edmund R. Novak
David Swope
Joanne Taylor and
Clarence G. Williams
Keith Wimbush
Mona Eliassen
S. Thomas Emerson
Leslie Johnson Evers
Lorinda Ash Ezersky
Laura and Michael Faino
Michael L. Fetters
Ellen and Michael Funck
Paul Glenn
Stephen A. and Diana L. Goldberg
James A. Gordon
Joan and Bill Grabe
Carolyn E. Green
Hammond Han
Gaetan Hannecart
Charles & Susan Harris
Barnett Helzberg
Eric Hessinger
Soledad and Bob Hurst
Joan R. Israel
Jacob S. Ivry
Jean and Bob Izard
Lynn Jerath
Steve Johnson
Thomas W. Jones
Mark and Patricia Joseph
Michael Kobold
MEMBER
$1,000+
Anonymous (4)
Chris Allison
Carolyn S. Alper
Robert and Rebecca Amoroso
Robin Andrews
Michael Appleton
Joe Armentano
Michelle Barmazel-Steinberg and
Kevin Steinberg
Mary Ann Barnes
Joseph E. Barron
Peter Bell
Laura and Len Berlik
NFTE ANNUAL REPORT 2005-2006 | PAGE 17
Michael Komson
J. Thomas Krimmel
Monish Kundra
Robbie Lacritz
John LaPides
Laura B. Larimer
Mary H. Larimer
Leslie Lemons
Martha Stecher Lewis
James L. Lisher
John G. Macfarlane
William P. Maloney
Ralph Manning
Lowell and Betty Mason
James McDermott
Christopher C. McMahon
James E. Milligan
David and Katherine Moore
Ron Morris
Mark A. Murphy
Thomas Negle
David Nelsen and
Katherine Keith
William A. Niskanen
David C. and Phyllis S. Oxman
Alan and Kristen Pace
James E. Paige
Lovett C. Peters
Malcolm Pray
Robert Quinlan
Donna Redel
James Reisman
Anthony Renda, Jr.
Paul Rich
Neil Rifkind
Larry and Jan Rivitz
Jack Roseman
Kenneth M. Ross
Raymond B. Rudy
Richard D. Segal
Dean J. Shapiro
Paul and Deane Shatz
Lenny Shaw
Wes Simmons
James Simpson
Andrew G. Smith
Lynn and Eric Sobel
Jerry and Helene Spiegel
James and Judith Stalder
Justine Stamen and
John Arrillaga, Jr.
Bob Stamen
Don Sting
Mrs. William G. Story
Sabin C. Streeter
Brooke Feder and Jesse Stuart
Michael Towbes
Bert W. Twaalfhoven
Alison Weiss
Robert E. Weissman
John C. Whitehead
Russell Whitney
Sandra B. Whyte
Arthur and Anne Wichman
Robert B. Williams
John H. Wilson
Gerard H. Wolf
Sam Zell
INDIVIDUAL DONORS
AMOUNTS UNDER $1,000
Charles B. Abelson
Lorna Abernathy
Albert Abney
Dan Abraham
Eric and Eunja Adolphe
Joseph W. Albert
David W. Alde
Joseph M. Algozine
Neda W. Alhilali
Geoff Allen
Karen Allen
Frederic Alper
Charles A. Anderson
Barry Appelman
C. C. Archer
Ethan Assal
Samuel Avraham
Karen Babin
Lee Bailey
Bonnie L. Baldwin-Miller
Steven G. Balistreri
Marion S. Ballard
Vinay Banari
Karim Barakaa
M. Baranowsky
Robert R. Bartels
Beth Barth
Jane L. Bass
Marjorie and Alan Baum
Mary Baymon
John T. Beaty
Ina S. Bechhoefer
Michael D. Beck
Andrew Beegan
Tom Begandy
Rollin Bell
Anthony Bender
Stacie Benes
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Ken Benson
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Paul M. Bierker
Clifford E. Bird
Girma Biresaw
Kathy Bissey
David Black
Elizabeth Black
Michael Blank
Ross Bleustein
Richard M. Boles, D.M.D.
Ted Bongiovanni
Peter J. Boni
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Tracy Bortnick
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James T. Brammell
Essie Branch
Marcia C. Brand
Peter Brandon
Howard Bratches
Dennis Breden
Ann H. Breslauer
Charles R. Bridges
Richard A. Briggs
Don Britton
Helen Bronfin
Telaekah Brooks
Karen C. Brothers
Jack Broudo
Esther Brouqua
Laurence J. Brown
Kermit E. Bruner
Jimmy Buoy
Erast Burachynskyj
Dustin Burke
Patrick W. Burke
Jeanne Burlingame
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Theodore R. Burr
Stephanie Butcher
Henrique Caine
Robert Caine
Patrick Cairns
Anthony Calderazzi
Joseph Camarda
Stephen P. Campbell
Jane S. Cantus
Victor Caraddo
Melissa Carrier
Julian Casal
Olivet Casey
Otelia F. Caster
Gail Berndt Catron
Daniella L. Cava
Jocelyn Chadwick
Chiaying Chang
Alethea Cherebin
Alain Chetrit
Mary P. Christie
Cleveland Christophe
John M. Cibinic
Warren I. Citrin
Michael F. Cleary
Clara Clemenz
Donald Cobb
Brad Coburn
Jeffrey Cohen
Julian W. Cohen
Guy Colburn
Patrick Colletti
Johnny Collins
Steven J. Collins
Bob Combs
Jennifer Combs
Michael and Anne Combs
Elizabeth Conahan
Jonathan Cone
George Conners
Robert Connolly
Persida Contreras
Leroy A. Conway
Michael Cook
Julie Coons
Neil Cooper
Bob and Susan Costello
Angela M. Covert
Jerry Cozewith
Kenneth G. Crabtree
Peyton and Amy Cramp
Nancy C. Cray
Sydney Crisp
Jason and Shelley Crist
Marshall and Edie Cromwell
Kate B. Cummings
Maria Cung
Susan Dalcero
Jack Dale
Pari Dalili
Harvey Dann
Kevin and Deanna Daum
Edward Daunheimer
K. S. David
Alvin Davis
Floyd E. Davis
Gene Davis
George A. Davis
NFTE ANNUAL REPORT 2005-2006 | PAGE 18
Kara Davis
Pyper Davis
Raymond H. Davis
Florence A. Day
Elizabeth C. De Guzman
Gary L. Deahl
Kathy Deboe
Pierce and Jennifer Degross
Stephen Dell
David Demas
Samuel Deo
Eileen Dershowitz
Victoria Descalso
Neil A. Desena
Robert Devlin
William J. DeVore
Louis H. Diamond
Valerie Diamond
Adam DiBella
Neil R. Diener
Patricia M. Dillon
Kristine Dittmar
Richard Dixon
William J. Dixon
Alan J. Dlugash
Lurita Doan
E. L. Dobbins
Lowell Dodge
Joseph S. Dolan
Mary Anne Dolan
Jessica A. Dosch
Pratap Doshi
Molly Douglas
Patricia Downs
Kenneth G. Dreyer
Gina Dubbe
Ruth Duckworth
Daniel Duff
Edward Dwyer
Clarence Eddy
George Edwards
John H. Egan
Albert J. Eisenberg
Hannah Ekaireb
Charles Elkind
Robert Embry
Estelito Endriano
Heather Enright
Asher Epstein
Tom Erickson
Philip S. Esser
Eleanor R. Evans
Glenna Evans
Theodore Evers
Victor N. Farah
Mireille L. Farella
Pamela Farley
Evelyn Farnum
Fred Farshey
Emanuel Faust
Neal E. Fehrenbacher
Thomas G. Ferrara
Nellie S. Ferreria
Charles F. Fetterolf
Jeff Fialkow
Damon Fields
Virginia Filiaci
Heinrich W. Fischer
Martha Fischer
Dan Fisher
Peter Fitzgerald
Kim T. Fleming
Robert V. Fleming
George Florman
Isaac Fluss
Andrew and Ellen Folts
Angela Foote
Antwanye Ford
Christy L. Forest
Rhoda Forman
Rosemary Forni
David S. Forrester
Lawrence Forte
Chris Foster
Patricia Foster
Azadeh Fotohi
Mark Foulon
Gretchen Fox
Cindy Franco
Vincent Francois
Megan M. Frantz
Holly Franz
Lucy Fraser
Kathleen R. Frazee
Evans Frazier
Janice M. Freeman
Chris Fritz
Carrey Frolick
Andrea N. Frost
Kaisha N. Funderburk
William Furey
Hector Galindo-Serrano
Florence Galkin
Jane P. Gallagher
Xuxa Galvez
Elizabeth and Robert Gambee
Celeste Garcia
Cheis Garrus
John A. Garstka
Jason Gayl
Marc A. Geffroy
Arlen W. Gelbard
Nina Gerner
Virginia Gettings
Christopher Ginder
Kimberly A. Gipson
Ellen M. Giurleo
George Givens
William F. Glavin
Harry Glazer
Michael Glick
Don Goddard
Jenice Goffe
Rhonda Goldman
Louise M. Gonzales
Bill Goodson
James C. Gootee
Dennis A. Gorman
Edward Graf
C. S. Gray
Amy Graybeal
Chickie and Marsha Grayson
Beverly Green
Micah Green
Norma K. Green
Robert I. Greenwood
Robert L. Growney
Fletcher Grundmann
Sydney Gruson
Thomas H. Gunkel
Frederic Gussin
Stephanie C. Haas
Joseph Haberman
Calvin L. Hackeman
Hanna Hajjah
Tamara Hall
Barbara Halpern
George Hambleton
Anne Hanlon
Nancy Hanson
Natasha A. Hanson
Mike Harper
Debbie Harrison
Kenneth Hartman
Susan Harvey
John Hasenberg
Lilian M. Hasiotis
Jeffrey A. Hastie
Dan Haughton
Matthew Haverkamp
Roland C. Hawthorne
Stephen Hayes
Tim Healy
Elizabeth and Bob Gambee
Jon Heisler
Bernard Henken
Mary Henley
Helen Herget
The Herget Family
Elena Hernandez
Kate A. Herrod
Kalman Hettleman
Janell Hicks
Charles Hoffer
Dorothy Hoffman
Perry P. Hooks
Gregory Hooper
Leon Hopewell
Adeline S. Hopkins
Joseph Horak
Michael Horn
Andy and Marni Hotchkiss
Alice Howard
Nancy Huang
Debbie Hudson
Maria L. Hunnewell and Larry
Newman
David W. Hunter
Alice D. Hurst
Clay E. Hurst
Kevin Hutchinson
Kevin Iga
Alain Ikombo
Masaharu Inoue
Al R. Ireton
Susan B. Isetorp
Jon Jackson
Maria Jackson
Mildred Jackson
Samuel L. Jacob
Davis Jacobs
Leonard James
Ruby James
Sean P. Jamieson
Martin Janis
Andrew S. Janower
Louis Jasper
Margaret A. Jayson
Denise Jeffries
Mamie J. Jeffries
Barbara and Paul Jenkel
Nicole Jenkins
Thomas Jenkins
Kellye Jennings
Payne Jennings
Richard H. Jennison
E. H. Joerger
Carol B. Johnson
Lerona D. Johnson
Mark Johnson
William F. Johnston
Rosalyn and Gary Jonas
Beatrice Jones
Earlston E. Jones
James Jones
Sheldon M. Jones
Peter Justen
Frances Kalamaras
YOUR SUPPORT ENABLES
NFTE’S WORK!
Eighty-five percent of our annual operating budget is funded by
charitable gifts from individuals, foundations and corporations.
Support from individuals is especially important. The Entrepreneurship
Society, our leadership giving circle, provides special recognition for
individuals who make annual gifts of $1,000 or more.
Every gift makes a difference to NFTE and the young people we
serve. To learn more or to make a donation, visit our website,
www.nfte.com/donate, or call (800) FOR-NFTE.
NFTE is a 501(c)(3) nonprofit organization. All gifts are tax
deductible to the extent allowed by law. ■
Laurel Kao
Matt Katzive
Paula Kazeef
Hamid Kazemi
John Kealey
William Kelley
Ruth S. Kerr
Ed Kesterke
Garry Khasidy
Donald A. Kiah
Michael Kimble
Michael Kimsey
Lulu W. King
Rose M. King
Frances A. Kinsey
Louis C. Kirven
Harold Kleid
Todd Klein
Rosalie Kleinberg
Frank Knapp
Jessica Knop
Jeffrey A. Koeppel
Marilyn F. Kohn
Constantine Kossifos
Peter Kovar
Jeremy R. Kramer
Helen Krautsak
Pallavi Kumar
James F. LaCalle
Michael Lach
Doris F. Ladd
John B. Lambert
Jacob Lane
Cathy Lange
Laura and Gary Lauder
Peter Laughter
Jeffrey Lauren
Eric Lavi
Ameena Layous
Leaderbridge LLC
Teresa Lee
Jean B. Lespinasse
Annie Lester
Larry Letow
Stuart and Lisa Leventhal
Renee and Alan Levi
Eric Levin
Allan Levy
Gerardo Levy
NFTE ANNUAL REPORT 2005-2006 | PAGE 19
Martha Stecher Lewis
Bea P. Lewis
Barbara Lidsky
Lawrence J. Ligarzewski
Riber C. Linares
Emory Linder
Daniel Lindstrom
Kathryn Linhardt
Erik Linn
C. M. Loftus
Gerald L. Logan
Maurice Lotman
Carrie C. Lowe
Olga L. Lucas
Nick Luongo
Cynthia Madison
Kelli and Winston Maharaj
Michael Mahoney
Kimberly Mairs
Monica Major
Alexander Malash
Richard Mandel
Dorothy Mann
Daniel A. Marcos Hadjopulos
Florence Margulies
Jay Markley
Elizabeth A. Maroder
Paul Marsico
Ann Martin
Silvina Martinez
Philip R. Martorelli
Roy and Paula Mason
Andrea Massar
Peter V. Mathieson
Vesandra F. Matlock
Gregg Mattner
Lisa L. Maxon
John A. May
Ronald S. Mayer
Michele C. Mayes
Cathryn R. McCulloch
Diane S. McCullough
Evan McDonnell
Wilbur McEachin
Barbara McGee
Michael McGee
Terrance McGowan
Jeff McGraw
Michael S. McHugh
Matthew McKinnis
Nancy McKnight
Diane McKoy
Thomas L. McLane
Shirlle McMickens
Thomas C. McMillen
Jane M. McPherson
Mary McPherson
Madeline McWhinney
Brian S. Meritt
Robert G. Merrick
Nancy Meyer and Scott
Perlman
Tim Meyers
Adam Meyerson
Mark Michael
James P. Miley
Daniel Miller
Debbi Miller
Michelle Miller
Richard K. Miller
Helen K. Miron
Sarah M. Mizerak
Abby S. Moffat
Rupa Mohan
Hadley and Robert Mongell
Jane Montalvo-Gonzalez
Andrew J. Moore
Jack Moore
Robert Moore
Timothy Moore
Tom F. Moore
Deborah Moran
Sean Moran
Edna Morris
Michael S. Morse
James P. Morton
Caroline M. Mount
Paul L. Mowatt
Frank S. Moyer
Carmela and Richard Mroz
David M. Muchnikoff
Eric S. Mulkowsky
Mary F. Mullen
Cynthia Muller
Gisela Munoz
Frank D. Murray
Richard Murray
Gordon Myers
Mary M. Myers
Andrew and Gayle Nadler
Richard Nelson
Robert C. Nelson
Randy A. Nemeth
James Newman
Stefan C. Nicholas
Terry Nicholetti
Kate and Bob Niehaus
Richard Nolan
Lawrence C. Nussdorf
Harold Nyberg
Timothy OBrien
Ronald Oehl
Karl Ohrman
Brian Oken
William J. O'Malley
Gail M. Opacity
Meredith B. Oppenheim
John Osburn
Keysha Owens-Powell
Frank M. Pagano
Donald S. Palmer
Antonio M. Parham
Heather Parker
Virginia W. Parks
Susan L. Parpart
August Pasquale
Mary Z. Paszkowska
Robert L. Patchel
Latrina Patterson
Pamela and Malcom Peabody
Lisa Peay
Althea R. Pechenik
John H. Pelusi
Barbara L. Penenberg
Debra S. Perras
Ranah Phelan
Bianca Philippi
Tom and Annette Phillips
Lawrence Pietropaulo
Alex Pinchev
Victor Pinkey
James Piper
Mel Pirchesky
Robert Pollin
Elsa T. Pontoppidan
Jorge Porro
Daniel H. Porter
Marcia Price
Leighton R. Quick
Anne Quirk
Maryah Qureshi
Daniel Rabuzzi
Kyle and Kami Ragsdale
Leo Rainer
Dennis Raines
Nancy and Richard Raines
Kishore Rao
Linnea L. Reames-Weimer
Stewart C. Rego
Inez Reid
Jeffrey Reid
John D. Reilly
Donald F. Reinhold
Deborah and Hunter Reisner
Andrew Renfroe
M. J. Resnick
Sheila Richards
Elizabeth L. Richardson
Mark Richardson
Genevieve Richards-Wright
Lenore Richter
Charles R. Rickards
Margarette F. Ricks
Mary Riley
Gregory Ritter
Jim and Tricia Ritzenberg
Jose Rivera
Juana Rivera
David Rivers
Clifford Rix
Lynn S. Roberts
Sandra B. Roberts
Timothy L. Roberts
Mark Terence Robertson
Grace Robinson
Michael D. Robinson
Stephen G. Robinson
Stanley F. Rodbell
James C. Roddey
Michelle M. Rodriguez
Cedric G. Rogers
Robert B. Rogers
Jim Rohrbach
Hugo A. Romero
David J. Roodberg
Terry Rosen
Helen Rosenfeld
Jonathan H. Rosenson
Daniel Rosner
Gerald Ross
Meredith Ross
Selma B. Ross
Tami J. Ross
Carl Rothenberger
Eric Rothfeld
Mark Rothman
Eric Roul
Regine Rousseau
Gina Rowland
Peter Rowley
Dick Rubinstein
Thomas F. Russell
Jack M. Sabater
Anna Sachs
Robyn Sachs
Charity Sack
Jonathan F. Sadick
Mona Sanders
Gillian Sandler
Sundeep Sanghavi
Salvatore Sannasardo
Susan S. Santel
Purificacion V. Santos
Leslie Saul
Jennie Saunders Brown
Cindy and Terry Savage
Gerald and Susan Savitsky
Clifford Sawyer
Shelby Scarbrough
Robyn C. Scates
Jerome Scheen
Nancy P. Scheerer
Megan Scheffel
Carla K. Scheiderman
Baily and John Scheurer
Karl Schieneman
Michael Schlesinger
Jeffrey H. Schneider
Melissa E. Schoeb
George Schore
Eugene Schwaier
Kenneth Schwartz
Robert M. Schwartzberg
David W. Scudder
Marcia A. Sedlacek
Leon Segal
Jerome A. Seidman
Layla M. Sewell
Sam Sezak
Deborah L. Shack
Aatish C. Shah
Shilpi Shah
Joel Shalowitz
Robert P. Shay
Judith Shea
Brett Sheldon
Floyde W. Shell
Sharon Sheppe
Yang Shim
Jacqueline B. Shrago
Amita Shukla
Steve Sidel
Michael H. Siegel
Andrew Silard
Tony Silard
Jack S. and Shirley M. Silver
Willoughby Silvera
Michael D. Simmons
Richard Singer
Gene Skerkoske
Deidre Skolfield
Kelly R. Slevin
Mark Slusar
Gary Slutsky
Florestina E. Smith
Robert E. Smith
Ronald F. Smith
Turner Smith
Shannon Snead
Stanley Snow
Kathy Snyder
Joan M. Soncini
James Sondel
Steven Sonntag
David Sotsky
Christina Sparling
Astley N. Spence
Julia Spicer
Angelo Stamas
Justine Stamen and
John Arrillaga, Jr.
Pamela Stanley
Charles O. Staples
Frank Stass
Virginia Stearns
Norman Stein
Christohper Stent
Robert I. Stern
Nikki Stevens
Barbara J. Stewart
Marilyn Stockfleth
Margaret B. Story
Melissa and Sam Strausman
Peter H. Strudwick
Reed Stvan
Connie Subido
Rochelle L. Sullivan
Brian L. Sussman
Karen Sweeney
James O. Swift
Anthony Sylvester
Alan Tapper
Robert Tarter, Jr.
Jonathan Tate
Chris Taularides
Natalie T. Taylor
Pamela Taylor
Ben Teicher
Thevaki T. Chrzanowski
Kachonsak Thang-Oon
Lawrence Theisen
Edmund Thomas
Samuel A. Thomas
NFTE ANNUAL REPORT 2005-2006 | PAGE 20
Jacinta Thompson
Paul R. Thorson
M. J. Tolkoff
Mark A. Tracy
Thomas C. Trexler
Jay S. Troutman
Erin Troy
Andy Tucker
Gloria Tyrol
Matthew Upton
Jenny J. Valentine
William A. Varvaro
Valentin Velasco
Mario I. Vicente
Dale D. Victor
Henry B. Villareal
Deric Vinyard
Edward C. Visco
Jim Vitale
Walter Vollmuth
Vanessa and Mark Voorham
Ted Wachtel
Claire Wadlington
Carol Walker
Jeffrey B. and Susan Wallace
Craig Waller
Michael J. Wanyo
Rita M. Ward
Andrea Ward-Elliot
Nancy and Jack Warren
Albert P. Warrens
Kim M. Watson
Matthew Watson
Chase Weir
Robin K. Weiss
Y. M. Welch
Willliam W. Wessinger
John Whalen
Clifford White
Rose White
Sarah C. Whitehead
Ivy White-Young
Robert M. Whiting
Joan Whyte
Gino Wickman
John Wiggins
Herbert P. Wilkins
Adena Williams
James Williams
Katherine I. Williams
Lloyd Williams
Robert Williams
Robert B. Williams
Sigmund Williamson
Mark A. Willis
Caroline Wilson
Steve Wiltse
Douglas Winneg
Evan S. Winston
Jeffrey and Marla Wolk
Douglas Wolfire
Katherine Wood
Vincent Wood
Dennis Woodruff
Andy Woolford
Leone F. Wright
Amit Yoran
Heather Young
Shana Young
Marcia Yudkin
Lawrence Zaiden
Grace Zenner
John and Margaret Zitzner
Assaf Y. Ziv
THE BEST WAY TO
PREDICT YOUR
FUTURE
IS TO CREATE IT.
WE HOLD THE
KEY TO OUR
OWN SUCCESS.
Harry E. Gibbs, III, 13
NFTE 2006 Young Entrepreneur of the Year
Operational Business Plan Winner
Business: Gibbs’ School Supplies
Baltimore, Maryland
NFTE ANNUAL REPORT 2005-2006 | PAGE 21
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All photos depict actual NFTE students, alumni, teachers, teacher trainers, board members, or employees.
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NFTE Item No. 4046