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Nonprofiteer
← NEXTGEN CHAMBER OF COMMERCE FOUNDATION

Form 990 for tax year 2025

Filed by NEXTGEN CHAMBER OF COMMERCE FOUNDATION.

Totals

Total revenue
$302,710
Total expenses
$361,025
Contributions and grants received
$302,710
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$98,068
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$98,068
Program services expenses (Part IX)
$279,040
Management and general expenses
$81,276
Fundraising expenses
$709
Program service expenses (Part III)
$279,040

Program services were 77.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $302,710

  • 1g · Noncash contributions included above

    $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $115,064 · program services $75,064 · management and general $40,000

  • 7 · Other salaries and wages

    total $0

  • 9 · Other employee benefits

    total $5,292 · program services $4,017 · management and general $1,275

  • 10 · Payroll taxes

    total $8,991 · program services $5,742 · management and general $3,249

  • 11c · Fees: accounting

    total $6,566 · management and general $6,566

  • 11g · Fees: other

    total $1,445 · program services $148 · management and general $1,297

  • 12 · Advertising and promotion

    total $5,506 · management and general $4,798 · fundraising $708

  • 13 · Office expenses

    total $5,481 · program services $678 · management and general $4,803

  • 17 · Travel

    total $2,158 · management and general $2,158

  • 19 · Conferences, conventions and meetings

    total $941 · management and general $941

  • 24a · Other expenses: PROGRAM EXPENSES

    total $208,665 · program services $193,391 · management and general $15,274 · fundraising $0

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $895 · program services $0 · management and general $895 · fundraising $0

  • 24c · Other expenses: BANK AND MERCHANT FEES

    total $20 · program services $0 · management and general $20 · fundraising $0

  • 24d · Other expenses: COST OF GOODS SOLD

    total $1 · program services $0 · management and general $0 · fundraising $1

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $153,383 · end of year $98,068

  • 4 · Accounts receivable

    beginning of year $3,000

  • 27 · Net assets without donor restrictions

    beginning of year $156,383 · end of year $98,068

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2025

Mission

THE NEXTGEN CHAMBER OF COMMERCE FOUNDATION WORKS TO SHAPE THE ECONOMY OF THE FUTURE BY PROMOTING POLICY, INCLUSION, AND BUSINESS PRACTICE FOR A NEW GENERATION OF BUSINESS LEADERSHIP.

  • GENERAL PROGRAMS: NEXTGEN SUPPORTS RESEARCH STUDIES AND ECONOMIC PROJECTS TO EMPOWER A NEW GENERATION OF BUSINESS LEADERSHIP. THROUGH ITS WORK NEXTGEN UPLIFTS THE VOICES OF THE NEXT GENERATION IN PURSUIT OF BETTER CAPITALISM.

    Expenses $279,040

As filed on the 2025 return.

Listed in Part VII

  • Gilbert Pontes

    EXECUTIVE DIRECTOR

    Total calculated
    $115,064
    From this org
    $115,064
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Rhett Buttle

    FOUNDER AND TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Adama Iwu

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Roy K Lee

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Aram Nadjarian

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Casey Oakes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
15 April 2026
IRS schema version
2025v4.0
Source object
202601129349301765

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