Totals
- Total revenue
- $924,507
- Total expenses
- $945,592
- Contributions and grants received
- $831,005
- Grants paid
- $5,000
- Program service revenue
- $87,142
- Investment income
- $825
- Other revenue
- $5,535
- Total assets, end of year
- $591,599
- Total liabilities, end of year
- $43,250
- Net assets or fund balances, end of year
- $548,349
- Program services expenses (Part IX)
- $663,414
- Management and general expenses
- $235,148
- Fundraising expenses
- $47,030
- Program service expenses (Part III)
- $663,414
Program services were 70.2% 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.
-
1b · Membership dues
$74,869
-
1f · All other contributions, gifts and grants
$756,136
-
2a · Program service revenue: ACCELERATE VENTURE PAR
total $87,142 · related or exempt $87,142
-
3 · Investment income
total $825 · excluded $825
-
11a · Other revenue: EVENT REVENUE
total $4,760 · related or exempt $4,760
-
11b · Other revenue: MISC. REVENUE
total $775 · related or exempt $775
-
11e · Other revenue, total
$5,535
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $5,000 · program services $5,000
-
5 · Compensation of officers, directors and key employees
total $180,000 · program services $126,000 · management and general $45,000 · fundraising $9,000
-
7 · Other salaries and wages
total $176,393 · program services $123,476 · management and general $44,098 · fundraising $8,819
-
9 · Other employee benefits
total $40,667 · program services $28,467 · management and general $10,167 · fundraising $2,033
-
10 · Payroll taxes
total $40,191 · program services $28,133 · management and general $10,048 · fundraising $2,010
-
11a · Fees: management
total $169,144 · program services $118,402 · management and general $42,285 · fundraising $8,457
-
11c · Fees: accounting
total $4,560 · program services $3,192 · management and general $1,140 · fundraising $228
-
11g · Fees: other
total $36,000 · program services $25,200 · management and general $9,000 · fundraising $1,800
-
12 · Advertising and promotion
total $117,534 · program services $82,274 · management and general $29,383 · fundraising $5,877
-
13 · Office expenses
total $4,540 · program services $3,178 · management and general $1,135 · fundraising $227
-
14 · Information technology
total $7,939 · program services $5,557 · management and general $1,985 · fundraising $397
-
16 · Occupancy
total $6,325 · program services $4,428 · management and general $1,581 · fundraising $316
-
17 · Travel
total $51,151 · program services $35,805 · management and general $12,788 · fundraising $2,558
-
23 · Insurance
total $3,262 · program services $2,283 · management and general $816 · fundraising $163
-
24a · Other expenses: WICHITA STARTUP WEEK
total $40,915 · program services $28,640 · management and general $10,229 · fundraising $2,046
-
24b · Other expenses: PROGRAMMING & EVENTS
total $40,291 · program services $28,203 · management and general $10,073 · fundraising $2,015
-
24c · Other expenses: RAFFLE
total $16,100 · program services $11,270 · management and general $4,025 · fundraising $805
-
24d · Other expenses: STARTUP GRIND WICHITA
total $2,260 · program services $1,582 · management and general $565 · fundraising $113
-
24e · All other expenses
total $3,320 · program services $2,324 · management and general $830 · fundraising $166
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $211,958 · end of year $236,309
-
2 · Savings and temporary cash investments
beginning of year $343,806 · end of year $193,748
-
3 · Pledges and grants receivable
beginning of year $45,470 · end of year $108,842
-
13 · Investments: program-related
beginning of year $49,200 · end of year $49,200
-
15 · Other assets
beginning of year $0 · end of year $3,500
-
19 · Deferred revenue
beginning of year $81,000 · end of year $43,250
-
27 · Net assets without donor restrictions
beginning of year $569,434 · end of year $548,349
Mission and programs · 2022
Mission
NXTUS' MISSION IS TO BE THE CENTER-OF-GRAVITY TO ACCELERATE THE WICHITA ENTREPRENEURIAL ECOSYSTEM BY HAVING SEASONED ENTREPRENEURS INSPIRE, MENTOR, AND INVEST IN THE NEXT GENERATION OF ENTREPRENEURS.
Activities or mission (Part I)
NXTUS, INC. IS A COMMUNITY DRIVEN ORGANIZATION THAT EDUCATES, MENTORS, INCUBATES AND ACCELERATES ASPIRING ENTREPRENEURS AND ENTREPRENEURIAL COMPANIES.
-
IMPLEMENTATION OF THE NXTUS ACCELERATOR INCLUDING THE COMMUNITY HEALTH AND VIBRANCY COHORT, CUSTOMER TRACTION COHORT, FINTECH PILOT COMPETITION, AND THE ENTERPRISE ENGAGEMENT SERIES.
Expenses $663,414 · Grants $5,000 · Revenue $92,677
As filed on the 2022 return.
Listed in Part VII
-
Josh OedingJOSH OEDING
PRESIDENT/CEO
- Total calculated
- $180,000
- From this org
- $150,127
- From related orgs
- $0
- Other
- $29,873
- Hours/week
- 40 + 10 related
Schedule J breakdown matched by us
- Base
- $150,127
- Bonus
- $0
- Other
- $0
- Deferred
- $20,400
- Nontaxable benefits
- $9,473
- Filer's total
- $180,000
-
Trish BrastedTRISH BRASTED
TREASURER
- Total calculated
- $0
- Hours/week
- 3 + 1 related
-
Luis RodriguezLUIS RODRIGUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Gary ObornyGARY OBORNY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Kylie StupkaKYLIE STUPKA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Erik PedersenERIK PEDERSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3 + 1 related
-
Bill GardnerBILL GARDNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
V Kaye Monk-MorganV KAYE MONK-MORGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
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 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 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
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
NXTUS HOLDINGS INC
C · INVESTMENT HOLDING · KS · 100% owned · share of income $10,988 · share of assets $56,429 · controlled entity
Directly controlled by NXTUS INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 31 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342439349301804
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