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← NEXT GENERATION MEN AND WOMEN INC

Form 990 for tax year 2023

Filed by NEXT GENERATION MEN AND WOMEN INC.

Totals

Total revenue
$830,578
Total expenses
$1,421,703
Contributions and grants received
$739,728
Grants paid
$0
Program service revenue
$0
Investment income
$38,385
Other revenue
$52,465
Total assets, end of year
$844,728
Total liabilities, end of year
$30,189
Net assets or fund balances, end of year
$814,539
Program services expenses (Part IX)
$909,969
Management and general expenses
$317,303
Fundraising expenses
$194,431
Program service expenses (Part III)
$909,969

Program services were 64.0% 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.

  • 1f · All other contributions, gifts and grants

    $739,728

  • 1g · Noncash contributions included above

    $18,216

  • 3 · Investment income

    total $38,385 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $77,936

  • 8a · Fundraising events: contributions included on line 1c

    $77,936

  • 8b · Fundraising events: direct expenses

    $25,471

  • 8c · Net income from fundraising events

    total $52,465 · unrelated business $0 · excluded $52,465

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $106,000 · program services $62,540 · management and general $25,440 · fundraising $18,020

  • 7 · Other salaries and wages

    total $626,383 · program services $357,208 · management and general $114,792 · fundraising $154,383

  • 8 · Pension plan contributions

    total $43,999 · program services $1,201 · management and general $42,666 · fundraising $132

  • 10 · Payroll taxes

    total $57,081 · program services $31,074 · management and general $13,246 · fundraising $12,761

  • 11b · Fees: legal

    total $1,594 · program services $0 · management and general $1,594 · fundraising $0

  • 11c · Fees: accounting

    total $31,791 · program services $0 · management and general $31,791 · fundraising $0

  • 12 · Advertising and promotion

    total $19,473 · program services $0 · management and general $13,289 · fundraising $6,184

  • 13 · Office expenses

    total $81,386 · program services $48,586 · management and general $30,216 · fundraising $2,584

  • 14 · Information technology

    total $6,234 · program services $0 · management and general $6,234 · fundraising $0

  • 16 · Occupancy

    total $44,702 · program services $36,542 · management and general $8,160 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $14,421 · program services $0 · management and general $14,421 · fundraising $0

  • 23 · Insurance

    total $8,404 · program services $0 · management and general $8,404 · fundraising $0

  • 24a · Other expenses: STUDENT PROGRAMS AND EVENTS

    total $199,079 · program services $199,079 · management and general $0 · fundraising $0

  • 24b · Other expenses: BANK FEES

    total $7,050 · program services $0 · management and general $7,050 · fundraising $0

  • 24c · Other expenses: INDEPENDENT CONTRACTORS

    total $120,602 · program services $120,602 · management and general $0 · fundraising $0

  • 24d · Other expenses: MISCELLANEOUS

    total $53,504 · program services $53,137 · management and general $0 · fundraising $367

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $96,778 · end of year $89,352

  • 2 · Savings and temporary cash investments

    beginning of year $4,975 · end of year $1,004

  • 4 · Accounts receivable

    beginning of year $760,000 · end of year $0

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

    $68,672

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

    $47,633

  • 10c · Land, buildings and equipment, net

    beginning of year $35,460 · end of year $21,039

  • 11 · Investments: publicly traded securities

    beginning of year $479,957 · end of year $730,400

  • 15 · Other assets

    beginning of year $2,933 · end of year $2,933

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,289 · end of year $30,189

  • 27 · Net assets without donor restrictions

    beginning of year $1,312,576 · end of year $790,073

  • 28 · Net assets with donor restrictions

    beginning of year $22,238 · end of year $24,466

Mission and programs · 2023

Mission

BRINGS COLLEGE AND CAREER READINESS TO LIFE FOR UNDERSERVED STUDENTS ACROSS ATLANTA THROUGH EXPOSURE AND SUPPORT.

  • EXECUTED A YEAR LONG PROGRAM FOR MULTIPLE COHORTS OF STUDENTS AIMED AT BRINGING COLLEGE AND CAREER READINESS TO LIFE FOR PARTICIPANTS. THE PROGRAMS MET ONE TO TWO TIMES PER WEEK AFTER SCHOOL AND ALSO INCLUDED MONTHLY EXPOSURE VISITS TO DIFFERENT COMPANIES AND COLLEGES ACROSS ATLANTA WHERE STUDENTS MET WITH REAL INDUSTRY PROFESSIONALS AND LEARNED WHAT IT TAKES TO ACHIEVE THE SPECIFIC CAREERS THEY ARE EXPERIENCING. THE STUDENTS ALSO PARTICIPATED IN MULTIPLE LARGE-SCALE EVENTS THROUGHOUT THE YEAR, INCLUDING A NETWORKING NIGHT, A CAREER DISCOVERY DAY, AND THE NEXT GEN GAMES - AN INTERSCHOLASTIC COMPETITION THAT TESTED THE SKILLS THE STUDENTS HAD WORKED ON THROUGHOUT THE YEAR.

    Expenses $909,969 · Grants $321,000

As filed on the 2023 return.

Listed in Part VII

  • Michael Baptiste

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Ashani O'Mard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Ladonna Murphy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Travis Salters

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Arthur Mills

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Rob Schuler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Phillip Olaleye

    EXECUTIVE DIRECTOR

    Total calculated
    $106,000
    From this org
    $106,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Benjamin Sperling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Ian Cohen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Sabrina Serafin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Eric Hurst

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Cara Frattasi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Joyce Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Erica Cumming

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Ramona Burada

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Heiwote Tadessee

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
20 November 2024
IRS schema version
2023v5.1
Source object
202403329349300705

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