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Nonprofiteer
← GEN NEXT FOUNDATION

Form 990 for tax year 2022

Filed by GEN NEXT FOUNDATION.

Totals

Total revenue
$1,078,028
Total expenses
$7,865,650
Contributions and grants received
$1,060,700
Grants paid
$6,388,788
Program services expenses (Part IX)
$7,536,515
Management and general expenses
$249,102
Fundraising expenses
$80,033
Program service expenses (Part III)
$7,536,515

Program services were 95.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PAUL MAKARECHIAN

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • DJ BURKE

    SECRETARY/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TODD RUSTMAN

    TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN RYDELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEVIN DUNLAP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN FERGUSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROMAN TSUNDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PIERRE PROSPER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL DAVIDSON

    CEO

    Total calculated
    $100,000
    From this org
    $0
    From related orgs
    $0
    Other
    $100,000
    Hours/week
    25

  • WADE LAIRSEN

    PRESIDENT

    Total calculated
    $195,000
    From this org
    $195,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $195,000

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 — 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 · Written employment contract
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

Provenance

Return type
form_990
Tax year
2022
Filed
13 October 2023
IRS schema version
2022v5.0
Source object
202302899349302000

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