Totals
- Total revenue
- $4,809,337
- Total expenses
- $2,291,253
- Contributions and grants received
- $4,601,491
- Grants paid
- $49,901
- Program service revenue
- $0
- Investment income
- $72,674
- Other revenue
- $135,172
- Total assets, end of year
- $8,814,225
- Total liabilities, end of year
- $2,109,045
- Net assets or fund balances, end of year
- $6,705,180
- Program services expenses (Part IX)
- $1,693,275
- Management and general expenses
- $351,702
- Fundraising expenses
- $246,276
- Program service expenses (Part III)
- $1,693,275
Program services were 73.9% 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.
-
1e · Government grants (contributions)
$1,271,422
-
1f · All other contributions, gifts and grants
$3,330,069
-
1g · Noncash contributions included above
$40,040
-
3 · Investment income
total $72,674 · excluded $72,674
-
8a · Fundraising events: gross income
$278,820
-
8b · Fundraising events: direct expenses
$142,488
-
8c · Net income from fundraising events
total $136,332 · excluded $136,332
-
11a · Other revenue: RENTAL INCOME
total $1,000 · related or exempt $1,000
-
11b · Other revenue: GAIN(LOSS) ON SALE OF
total -$2,160 · related or exempt -$2,160
-
11e · Other revenue, total
-$1,160
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $49,901 · program services $49,901
-
5 · Compensation of officers, directors and key employees
total $274,502 · program services $192,152 · management and general $54,900 · fundraising $27,450
-
7 · Other salaries and wages
total $741,378 · program services $567,198 · management and general $76,889 · fundraising $97,291
-
9 · Other employee benefits
total $51,069 · program services $47,976 · management and general $349 · fundraising $2,744
-
10 · Payroll taxes
total $59,577 · program services $43,957 · management and general $7,748 · fundraising $7,872
-
11c · Fees: accounting
total $25,842 · management and general $25,842
-
11d · Fees: lobbying
total $60,963 · management and general $60,963
-
11g · Fees: other
total $202,849 · program services $106,154 · management and general $16,695 · fundraising $80,000
-
12 · Advertising and promotion
total $35,792 · management and general $10,072 · fundraising $25,720
-
13 · Office expenses
total $39,056 · program services $10,176 · management and general $24,116 · fundraising $4,764
-
14 · Information technology
total $28,995 · program services $28,995
-
16 · Occupancy
total $238,797 · program services $203,902 · management and general $34,895
-
17 · Travel
total $21,773 · program services $2,397 · management and general $18,941 · fundraising $435
-
20 · Interest
total $5,115 · program services $5,115
-
22 · Depreciation, depletion and amortization
total $56,925 · program services $48,607 · management and general $8,318
-
23 · Insurance
total $13,094 · program services $1,120 · management and general $11,974
-
24a · Other expenses: STUDENT MEALS AND PROGR
total $193,826 · program services $193,826
-
24b · Other expenses: WORKFORCE DEVELOPMENT
total $89,059 · program services $89,059
-
24c · Other expenses: STUDENT EXPENSE & FAMIL
total $71,868 · program services $71,868
-
24d · Other expenses: CLOTHING & EQUIPMENT
total $25,372 · program services $25,372
-
24e · All other expenses
total $5,500 · program services $5,500
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $406,632 · end of year $5,904
-
2 · Savings and temporary cash investments
beginning of year $2,350,671 · end of year $1,995,673
-
3 · Pledges and grants receivable
beginning of year $250,267 · end of year $2,392,227
-
7 · Other notes and loans receivable
end of year $18,244
-
9 · Prepaid expenses and deferred charges
beginning of year $32,687 · end of year $14,903
-
10a · Land, buildings and equipment: cost or other basis
$3,085,768
-
10b · Land, buildings and equipment: accumulated depreciation
$55,820
-
10c · Land, buildings and equipment, net
beginning of year $190,954 · end of year $3,029,948
-
11 · Investments: publicly traded securities
end of year $18,096
-
15 · Other assets
beginning of year $1,466,169 · end of year $1,339,230
-
17 · Accounts payable and accrued expenses
beginning of year $79,737 · end of year $104,720
-
23 · Secured mortgages and notes payable
end of year $620,127
-
25 · Other liabilities
beginning of year $1,500,349 · end of year $1,384,198
-
27 · Net assets without donor restrictions
beginning of year $1,437,024 · end of year $4,074,599
-
28 · Net assets with donor restrictions
beginning of year $1,680,270 · end of year $2,630,581
Mission and programs · 2023
Mission
NEXT ONE UP TRANSFORMS THE LIVES OF YOUNG MEN IN BALTIMORE CITY BY SUPPORTING AND ADVANCING THEIR ACADEMIC, ATHLETIC AND SOCIAL DEVELOPMENT.
Activities or mission (Part I)
NEXT ONE UP FOUNDATION, INC. (THE ORGANIZATION") CREATES GENERATIONAL CHANGE IN BALTIMORE BY EMPOWERING YOUNG MEN AS SCHOLARS, LEADERS, AND ATHLETES. BEGINNING OPERATIONS IN NOVEMBER 2010, THE ORGANIZATION IS AN INNOVATIVE NONPROFIT PROVIDING YEAR-ROUND, MULTI-YEAR SERVICES SUCH AS OUT-OF-SCHOOL-TIME SUPPORT AND MENTORING, COLLEGE & CAREER COUNSELING, SUMMER WORK OPPORTUNITIES, INTERNSHIPS, AND FULL-TIME JOB PLACEMENTS. BY PROVIDING LONG-TERM MENTORING AND COACHING, THE ORGANIZATION HELPS YOUNG MEN CREATE A DYNAMIC VISION FOR THE FUTURE AND DISCOVER ECONOMIC MOBILITY PATHWAYS. THE ORGANIZATION IS CURRENTLY SERVING 150 YOUNG MEN RANGING IN AGE FROM 12-25.
-
NEXT ONE UP PROVIDES ADAPTIVE, MULTI-YEAR SUPPORT FOR YOUNG MEN FROM THEIR TEEN YEARS INTO THE EARLY YEARS OF A CAREER. MIDDLE AND HIGH SCHOOL SCHOLARS RECEIVE INTENSIVE OUT-OF-SCHOOL-TIME, SUPPORT, AND MENTORING THAT WILL HELP THEM GRADUATE HIGH SCHOOL AND MATRICULATE TO COLLEGE. BUT SUPPORT DOES NOT STOP AFTER HIGH SCHOOL GRADUATION. COLLEGE-GOERS RECEIVE ONGOING MENTORING AND COACHING, COMBINED WITH SUMMER WORK OPPORTUNITIES AND INTERNSHIP PLACEMENTS. OTHERS RECEIVE SUPPORT AND GUIDANCE TO BEGIN A CAREER IN THE TRADES. CAREER PROGRAMMING, INCLUDING COUNSELING, SKILLS DEVELOPMENT, AND JOB PLACEMENT, COMPLETES THE CONNECTIVE PROCESS OF GENERATIONAL CHANGE WITH A PROMISE OF UPWARD MOBILITY.
Expenses $1,693,275 · Grants $49,901
As filed on the 2023 return.
Listed in Part VII
-
Chris Steer EsqCHRIS STEER ESQ
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Darius JenningsDARIUS JENNINGS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Matt WyskielMATT WYSKIEL
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Walter HillWALTER HILL
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
David FedorchakDAVID FEDORCHAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin PorterKEVIN PORTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott Sherman EsqSCOTT SHERMAN ESQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John Sunder EsqJOHN SUNDER ESQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kelly KeyesKELLY KEYES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lou KousourisLOU KOUSOURIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Calvin WiseCALVIN WISE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matthew HannaMATTHEW HANNA
EXECUTIVE DIRECTOR
- Total calculated
- $274,502
- From this org
- $224,502
- From related orgs
- $0
- Other
- $50,000
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $149,502
- Bonus
- $75,000
- Other
- $0
- Deferred
- $50,000
- Nontaxable benefits
- $0
- Filer's total
- $274,502
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 7
- THE FOUNDER AND CEO WAS AWARDED A $125,000 BONUS FOR THE SUCCESSFUL COMPLETION OF THE BASE CAMP CONTRUCTION AND GRAND OPENING. OF THE TOTAL, $50,000 WILL BE PAID IN 2024. THE BONUS WAS APPROVED UNANIMOUSLY BY THE BOARD.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 9 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412889349302016
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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