Form 990 for tax year 2023
Filed by NEXTGEN CHAMBER OF COMMERCE FOUNDATION.
Totals
- Total revenue
- $185,906
- Total expenses
- $265,850
- Contributions and grants received
- $185,685
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $221
- Total assets, end of year
- $183,045
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $183,045
- Program services expenses (Part IX)
- $213,446
- Management and general expenses
- $52,404
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $213,446
Program services were 80.3% 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
$185,685
-
1g · Noncash contributions included above
$0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $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
-
11d · All other revenue
total $221 · related or exempt $221 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$221
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $62,113 · program services $33,719 · management and general $28,394
-
9 · Other employee benefits
total $4,850 · program services $572 · management and general $4,278
-
10 · Payroll taxes
total $1,547 · management and general $1,547
-
11g · Fees: other
total $39,376 · program services $27,563 · management and general $11,813
-
12 · Advertising and promotion
total $763 · management and general $763
-
13 · Office expenses
total $217 · management and general $217
-
14 · Information technology
total $4,192 · management and general $4,192
-
16 · Occupancy
total $1,200 · management and general $1,200
-
17 · Travel
total $764 · program services $764
-
23 · Insurance
total $0
-
24a · Other expenses: PROGRAM EXPENSES
total $150,828 · program services $150,828 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $275,790 · end of year $183,045
-
27 · Net assets without donor restrictions
beginning of year $172,343 · end of year $183,045
-
28 · Net assets with donor restrictions
beginning of year $103,447 · end of year $0
Mission and programs · 2023
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 $213,446
As filed on the 2023 return.
Listed in Part VII
-
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
- 2023
- Filed
- 15 October 2024
- IRS schema version
- 2023v5.0
- Source object
- 202412909349301501
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.