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Nonprofiteer
← NEXTENERGY CENTER

Form 990 for tax year 2024

Filed by NEXTENERGY CENTER.

Totals

Total revenue
$4,677,502
Total expenses
$5,504,037
Contributions and grants received
$4,658,643
Grants paid
$2,968,652
Program service revenue
$0
Investment income
$18,859
Other revenue
$0
Total assets, end of year
$7,201,516
Total liabilities, end of year
$4,886,090
Net assets or fund balances, end of year
$2,315,426
Program services expenses (Part IX)
$4,844,804
Management and general expenses
$659,233
Fundraising expenses
$0
Program service expenses (Part III)
$4,844,804

Program services were 88.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • LIZABETH ARDISANA

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • ERIC SHREFFLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOHN HALE III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KELLEE CHRISTENSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • MARCO BRUZZANO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • NED STAEBLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RICK SPINA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • ROB STEVENS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • JAMES SABER

    PRESIDENT & CEO

    Total calculated
    $274,301
    From this org
    $247,613
    From related orgs
    $0
    Other
    $26,688
    Hours/week
    40 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $247,613
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $26,688
    Filer's total
    $274,301

  • WILLIAM SIDDALL

    COO (TERM 07/2025)

    Total calculated
    $158,468
    From this org
    $147,113
    From related orgs
    $0
    Other
    $11,355
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $147,113
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,355
    Filer's total
    $158,468

  • ERIC MCDONALD

    SR. DIR. OF RESEARCH (TERM 07/2025)

    Total calculated
    $144,927
    From this org
    $119,774
    From related orgs
    $0
    Other
    $25,153
    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 · Compensation committee
  • 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

The filer's explanations (Part III)

PART I, LINE 7
NEXTENERGY OFFERS AN INCENTIVE COMPENSATION PAYMENT TO EMPLOYEES BASED ON ORGANIZATIONAL AND INDIVIDUAL PERFORMANCE IF ORGANIZATIONAL GOALS ARE MET, AND THE ORGANIZATION HAS POSITIVE CASH FLOW IN AN AMOUNT TO OFFSET THE BONUS PAYMENTS. ORGANIZATIONAL PERFORMANCE BONUS IS DISTRIBUTED AS A LUMP SUM TO ALL EMPLOYEES AND INDIVIDUAL PERFORMANCE BONUS IS PAID AS 0 TO 7% OF EMPLOYEE BASE PAY, BASED ON INDIVIDUAL PERFORMANCE RATINGS. DURING THE CURRENT YEAR, THE TARGETS WERE NOT ACHIEVED AND NO PAYMENTS WERE MADE UNDER THE INCENTIVE PROGRAM.

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

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.5
Source object
202632269349303103

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