Skip to content
Nonprofiteer
← NEXTGEN CHAMBER OF COMMERCE FOUNDATION

Form 990 for tax year 2022

Filed by NEXTGEN CHAMBER OF COMMERCE FOUNDATION.

Totals

Total revenue
$163,427
Total expenses
$529,723
Contributions and grants received
$163,427
Grants paid
$317,500
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$275,790
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$275,790
Program services expenses (Part IX)
$438,456
Management and general expenses
$91,014
Fundraising expenses
$253
Program service expenses (Part III)
$438,456

Program services were 82.8% 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

    $163,427

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $317,500 · program services $317,500

  • 5 · Compensation of officers, directors and key employees

    total $60,000 · management and general $60,000

  • 9 · Other employee benefits

    total $403 · management and general $403

  • 10 · Payroll taxes

    total $6,264 · management and general $6,264

  • 11b · Fees: legal

    total $2,100 · management and general $2,100

  • 11c · Fees: accounting

    total $3,899 · management and general $3,899

  • 11g · Fees: other

    total $126,353 · program services $120,353 · management and general $6,000

  • 12 · Advertising and promotion

    total $5,121 · program services $603 · management and general $4,393 · fundraising $125

  • 13 · Office expenses

    total $5,033 · management and general $4,905 · fundraising $128

  • 17 · Travel

    total $3,050 · management and general $3,050

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $642,086 · end of year $275,790

  • 27 · Net assets without donor restrictions

    beginning of year $46,586 · end of year $172,343

  • 28 · Net assets with donor restrictions

    beginning of year $595,500 · end of year $103,447

Mission and programs · 2022

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.

  • 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 $438,456 · Grants $317,500 · Revenue $100,000

As filed on the 2022 return.

Listed in Part VII

  • Aram Nadjarian

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • 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

  • 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

  • GEORGETOWN UNIVERSITY

    $120,000

    IDENTIFY & EDUCATE RELIGIOUS, SOCIAL GROUPS & BUSINESSES ABOUT THE VALUE OF THE EITC AND CTC

  • NATIONAL ASSOCIATION OF EVANGELICALS

    $32,500

    IDENTIFY & EDUCATE RELIGIOUS, SOCIAL GROUPS & BUSINESSES ABOUT THE VALUE OF THE EITC AND CTC

  • DOUGLASS LEADERSHIP INSTITUTE INC

    $25,000

    IDENTIFY & EDUCATE RELIGIOUS, SOCIAL GROUPS & BUSINESSES ABOUT THE VALUE OF THE EITC AND CTC

  • SMALL BUSINESS & ENTREPRENEURSHIP COUNCIL

    $25,000

    IDENTIFY & EDUCATE RELIGIOUS, SOCIAL GROUPS & BUSINESSES ABOUT THE VALUE OF THE EITC AND CTC

  • AMERICAN IDEA FOUNDATION

    $24,000

    IDENTIFY & EDUCATE RELIGIOUS, SOCIAL GROUPS & BUSINESSES ABOUT THE VALUE OF THE EITC AND CTC

  • CITYGATE NETWORK

    $22,500

    IDENTIFY & EDUCATE RELIGIOUS, SOCIAL GROUPS & BUSINESSES ABOUT THE VALUE OF THE EITC AND CTC

  • FAITH & GIVING COALITION

    $22,500

    IDENTIFY & EDUCATE RELIGIOUS, SOCIAL GROUPS & BUSINESSES ABOUT THE VALUE OF THE EITC AND CTC

  • THE CLAPHAM GROUP

    $21,000

    IDENTIFY & EDUCATE RELIGIOUS, SOCIAL GROUPS & BUSINESSES ABOUT THE VALUE OF THE EITC AND CTC

  • INSTITUTE FOR FAMILY STUDIES

    $12,500

    IDENTIFY & EDUCATE RELIGIOUS, SOCIAL GROUPS & BUSINESSES ABOUT THE VALUE OF THE EITC AND CTC

  • NAHPA

    $12,500

    IDENTIFY & EDUCATE RELIGIOUS, SOCIAL GROUPS & BUSINESSES ABOUT THE VALUE OF THE EITC AND CTC

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202323189349309487

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.