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Nonprofiteer
← GEN NEXT

Form 990 for tax year 2023

Filed by GEN NEXT.

Totals

Total revenue
$2,617,298
Total expenses
$2,562,324
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,597,962
Investment income
$14,336
Other revenue
$5,000
Total assets, end of year
$400,363
Total liabilities, end of year
$1,556,721
Net assets or fund balances, end of year
-$1,156,358
Program services expenses (Part IX)
$1,908,965
Management and general expenses
$580,776
Fundraising expenses
$72,583
Program service expenses (Part III)
$1,908,965

Program services were 74.5% 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.

  • 2a · Program service revenue: MEMBERSHIP PROGRAM

    total $2,194,488 · related or exempt $2,194,488

  • 2b · Program service revenue: RETREAT EVENTS

    total $403,474 · related or exempt $403,474

  • 3 · Investment income

    total $14,336 · excluded $14,336

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $5,000 · excluded $5,000

  • 11e · Other revenue, total

    $5,000

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $485,236 · program services $372,041 · management and general $97,097 · fundraising $16,098

  • 7 · Other salaries and wages

    total $680,577 · program services $522,519 · management and general $154,409 · fundraising $3,649

  • 9 · Other employee benefits

    total $45,224 · program services $39,570 · management and general $4,451 · fundraising $1,203

  • 10 · Payroll taxes

    total $114,679 · program services $88,784 · management and general $23,955 · fundraising $1,940

  • 11a · Fees: management

    total $244,375 · program services $146,625 · management and general $48,875 · fundraising $48,875

  • 11b · Fees: legal

    total $1,490 · management and general $1,490

  • 11c · Fees: accounting

    total $30,400 · management and general $30,400

  • 11g · Fees: other

    total $222,512 · program services $222,512

  • 12 · Advertising and promotion

    total $50,348 · program services $50,338 · management and general $10

  • 13 · Office expenses

    total $69,122 · management and general $69,122

  • 14 · Information technology

    total $29,119 · program services $22,461 · management and general $6,154 · fundraising $504

  • 17 · Travel

    total $40,579 · program services $40,193 · management and general $171 · fundraising $215

  • 19 · Conferences, conventions and meetings

    total $102,838 · program services $102,838

  • 22 · Depreciation, depletion and amortization

    total $5,745 · program services $4,432 · management and general $1,214 · fundraising $99

  • 23 · Insurance

    total $13,348 · program services $13,348

  • 24a · Other expenses: RETREATS

    total $282,607 · program services $282,607

  • 24b · Other expenses: BANK CHARGES

    total $84,137 · management and general $84,137

  • 24c · Other expenses: ALL OTHER EXPENSE

    total $47,378 · management and general $47,378

  • 24d · Other expenses: TEAM DEVELOPMENT

    total $11,913 · management and general $11,913

  • 24e · All other expenses

    total $697 · program services $697

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $75,982 · end of year $137,676

  • 2 · Savings and temporary cash investments

    beginning of year $109

  • 4 · Accounts receivable

    beginning of year $61,498 · end of year $231,453

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,000 · end of year $5,123

  • 10a · Land, buildings and equipment: cost or other basis

    $35,202

  • 10b · Land, buildings and equipment: accumulated depreciation

    $32,591

  • 10c · Land, buildings and equipment, net

    beginning of year $8,132 · end of year $2,611

  • 14 · Intangible assets

    beginning of year $23,500 · end of year $23,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $173,656 · end of year $258,149

  • 19 · Deferred revenue

    beginning of year $1,019,833 · end of year $1,292,596

  • 25 · Other liabilities

    beginning of year $150,639 · end of year $5,976

  • 27 · Net assets without donor restrictions

    beginning of year -$1,164,907 · end of year -$1,156,358

Mission and programs · 2023

Mission

AN ORGANIZATION OF SUCCESSFUL INDIVIDUALS DEDICATED TO UNDERSTANDING ABOUT AND BECOMING ENGAGED WITH THE MOST PRESSING CHALLENGES FACING FUTURE GENERATIONS.

  • THE MEMBERSHIP PROGRAM IS DEDICATED TO TEACHING SUCCESSFUL INDIVIDUALS ON HOW TO BECOME MORE ENGAGED WITH THE MOST PRESSING CHALLENGES FACING FUTURE GENERATIONS. THE AREAS OF FOCUS FOR THE ORGANIZATION ARE GENERATIONAL LEADERSHIP, EDUCATION, ECONOMIC GROWTH, AND GLOBAL SECURITY.

    Expenses $1,501,626 · Revenue $2,194,488

  • REGIONAL PROGRAMS AND LEADERSHIP SUMMITS ARE OPPORTUNITIES FOR MEMBERS TO MEET WITH PUBLIC OFFICIALS, HEADS OF THINK TANKS, STATE LEGISLATURES, AND MORE TO DISCUSS ISSUES THAT ARE RELEVANT TO FURTHERING THE MISSION OF GEN NEXT AND ITS MEMBERS.

    Expenses $407,339 · Revenue $403,474

  • INTERNATIONAL PROGRAM IS DESIGNED TO EXPOSE AMERICAN LEADERS AND ENTREPRENEURS TO LEADERSHIP IN VARIOUS PARTS OF THE WORLD.

As filed on the 2023 return.

Listed in Part VII

  • PAUL MAKARECHIAN

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • JOHN RYDELL

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • KEVIN DUNLAP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN FERGUSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LORI OTTO PUNKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL DAVIDSON

    CEO

    Total calculated
    $28,377
    From this org
    $0
    From related orgs
    $0
    Other
    $28,377
    Hours/week
    45

  • KAYT PRITTS

    VP MARKETING/ OFFICER

    Total calculated
    $176,068
    From this org
    $172,820
    From related orgs
    $0
    Other
    $3,248
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,820
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $3,248
    Filer's total
    $176,068

  • CARL SELETZ UNTIL 523

    PRESIDENT

    Total calculated
    $119,813
    From this org
    $118,269
    From related orgs
    $0
    Other
    $1,544
    Hours/week
    40

  • JENIELLE ALONSO

    VP CONTENT AND EDITORIAL

    Total calculated
    $160,979
    From this org
    $159,126
    From related orgs
    $0
    Other
    $1,853
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,126
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,853
    Filer's total
    $160,979

  • CARLOS ALFARO

    REGIONAL DIRECTOR

    Total calculated
    $123,713
    From this org
    $120,000
    From related orgs
    $0
    Other
    $3,713
    Hours/week
    40

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 · 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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202443199349317819

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