Totals
- Total revenue
- $2,324,083
- Total expenses
- $2,258,463
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,312,687
- Investment income
- $0
- Other revenue
- $11,396
- Total assets, end of year
- $547,343
- Total liabilities, end of year
- $1,484,787
- Net assets or fund balances, end of year
- -$937,444
- Program services expenses (Part IX)
- $1,523,479
- Management and general expenses
- $527,761
- Fundraising expenses
- $207,223
- Program service expenses (Part III)
- $1,523,479
Program services were 67.5% 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 $1,916,152 · related or exempt $1,916,152
-
2b · Program service revenue: RETREAT EVENTS
total $396,535 · related or exempt $396,535
-
11a · Other revenue: OTHER INCOME
total $11,396 · related or exempt $11,396
-
11e · Other revenue, total
$11,396
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $320,000 · program services $120,000 · fundraising $200,000
-
7 · Other salaries and wages
total $1,184,598 · program services $872,979 · management and general $311,619
-
10 · Payroll taxes
total $84,943 · program services $33,977 · management and general $50,966
-
11b · Fees: legal
total $39,292 · program services $15,717 · management and general $23,575
-
11g · Fees: other
total $35,022 · program services $30,022 · fundraising $5,000
-
13 · Office expenses
total $120,625 · program services $55,525 · management and general $65,100
-
14 · Information technology
total $14,929 · program services $5,972 · management and general $8,957
-
17 · Travel
total $279,299 · program services $278,660 · management and general $639
-
19 · Conferences, conventions and meetings
total $334,457 · program services $334,457
-
20 · Interest
total $1,708 · management and general $1,708
-
22 · Depreciation, depletion and amortization
total $1,485 · program services $1,485
-
23 · Insurance
total $66,955 · program services $26,782 · management and general $40,173
-
24a · Other expenses: DUES AND SUBSCRIPTIONS
total $43,790 · program services $17,516 · management and general $26,274
-
24b · Other expenses: RETREATS
total $30,523 · program services $30,523
-
24c · Other expenses: ALL OTHER EXPENSE
total $25,915 · program services $24,942 · management and general -$1,250 · fundraising $2,223
-
24d · Other expenses: DELEGATION EXPENSE
total $19,078 · program services $19,078
-
24e · All other expenses
total -$344,156 · program services -$344,156
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $137,676 · end of year $117,567
-
2 · Savings and temporary cash investments
end of year $80,666
-
4 · Accounts receivable
beginning of year $231,453 · end of year $317,225
-
9 · Prepaid expenses and deferred charges
beginning of year $5,123 · end of year $5,009
-
10a · Land, buildings and equipment: cost or other basis
$37,453
-
10b · Land, buildings and equipment: accumulated depreciation
$34,077
-
10c · Land, buildings and equipment, net
beginning of year $2,611 · end of year $3,376
-
14 · Intangible assets
beginning of year $23,500 · end of year $23,500
-
17 · Accounts payable and accrued expenses
beginning of year $258,149 · end of year $69,414
-
19 · Deferred revenue
beginning of year $1,292,596 · end of year $1,204,873
-
25 · Other liabilities
beginning of year $5,976 · end of year $210,500
-
27 · Net assets without donor restrictions
beginning of year -$1,156,358 · end of year -$937,444
Mission and programs · 2024
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 $1,523,479 · Revenue $2,312,687
-
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.
-
INTERNATIONAL PROGRAM IS DESIGNED TO EXPOSE AMERICAN LEADERS AND ENTREPRENEURS TO LEADERSHIP IN VARIOUS PARTS OF THE WORLD.
As filed on the 2024 return.
Listed in Part VII
-
Paul MakarechianPAUL MAKARECHIAN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
John RydellJOHN RYDELL
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Kevin DunlapKEVIN DUNLAP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian FergusonBRIAN FERGUSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lori Otto PunkeLORI OTTO PUNKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kayt PrittsKAYT PRITTS
VP MARKETING/ OFFICER
- Total calculated
- $200,000
- From this org
- $200,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $200,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $200,000
-
Carl SeletzCARL SELETZ
PRESIDENT
- Total calculated
- $0
- Hours/week
- 40
-
Michael DavidsonMICHAEL DAVIDSON
CEO
- Total calculated
- $0
- Hours/week
- 45
-
Carlos AlfaroCARLOS ALFARO
REGIONAL DIRECTOR
- Total calculated
- $120,000
- From this org
- $120,000
- From related orgs
- $0
- Other
- $0
- 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
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513359349300801
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