Civic Intelligence

The Gen Next Foundation Inc

990 • Fiscal year 2014 • EIN 27-1276227

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 20, 2015

Organization ProfileGENNEXTFOUNDATION.ORG
4100 Macarthur BlvdRoom/Suite 150Newport Beach, CA 92660

(877) 530-9454

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

23rd percentile

0.02x

Higher debt load relative to revenue than 23% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

97th percentile

80%

Higher net margin than 97% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

38th percentile

$25,160

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

98th percentile

217%

Faster asset growth than 98% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

95th percentile

143%

Faster revenue growth than 95% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$2,125,579

Up $1,455,890 (+217%) from 2013

Net Assets

Up

$2,098,162

Up $1,428,473 (+213%) from 2013

Liabilities

Up

$27,417

Up $27,417 from 2013

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin97th percentile

Revenue

Up

$1,775,291

Up $1,044,409 (+143%) from 2013

Expenses

Down

$347,425

Down $111,874 (-24%) from 2013

Net Income

Up

$1,427,866

Up $1,156,283 (+426%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $194,170Liabilities 2010: $0Net Assets 2010: $194,1702010Assets 2011: $104,244Liabilities 2011: $0Net Assets 2011: $104,2442011Assets 2012: $406,796Liabilities 2012: $0Net Assets 2012: $406,7962012Assets 2013: $669,689Liabilities 2013: $0Net Assets 2013: $669,6892013Assets 2014: $2,125,579Liabilities 2014: $27,417Net Assets 2014: $2,098,1622014Assets 2015: $6,647,885Liabilities 2015: $19,684Net Assets 2015: $6,628,2012015Assets 2016: $6,328,730Liabilities 2016: $5,607Net Assets 2016: $6,323,1232016Assets 2017: $6,396,610Liabilities 2017: $217,726Net Assets 2017: $6,178,8842017Assets 2018: $6,388,842Liabilities 2018: $199,696Net Assets 2018: $6,189,1462018Assets 2019: $6,423,464Liabilities 2019: $175,004Net Assets 2019: $6,248,4602019Assets 2020: $7,235,315Liabilities 2020: $136,395Net Assets 2020: $7,098,9202020Assets 2021: $7,200,762Liabilities 2021: $4,725Net Assets 2021: $7,196,0372021Assets 2022: $414,827Liabilities 2022: $6,412Net Assets 2022: $408,4152022Assets 2023: $347,337Liabilities 2023: $0Net Assets 2023: $347,3372023Assets 2024: $138,086Liabilities 2024: $24,644Net Assets 2024: $113,4422024

Highlighted filing

2014

Assets$2,125,579
Liabilities$27,417
Net Assets$2,098,162
Open 2014 Filing

Operations Trend

Revenue Growth95th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0M-$10MExpenses 2010: $41,7552010Expenses 2011: $113,3282011Expenses 2012: $252,6772012Revenue 2013: $730,882Expenses 2013: $459,299Net Income 2013: $271,5832013Revenue 2014: $1,775,291Expenses 2014: $347,425Net Income 2014: $1,427,8662014Revenue 2015: $654,540Expenses 2015: $622,486Net Income 2015: $32,0542015Revenue 2016: $512,715Expenses 2016: $817,421Net Income 2016: -$304,7062016Revenue 2017: $971,113Expenses 2017: $1,119,689Net Income 2017: -$148,5762017Revenue 2018: $1,096,646Expenses 2018: $1,086,384Net Income 2018: $10,2622018Revenue 2019: $1,001,218Expenses 2019: $941,904Net Income 2019: $59,3142019Revenue 2020: $1,862,255Expenses 2020: $1,048,590Net Income 2020: $813,6652020Revenue 2021: $1,543,430Expenses 2021: $1,446,313Net Income 2021: $97,1172021Revenue 2022: $1,078,028Expenses 2022: $7,865,650Net Income 2022: -$6,787,6222022Revenue 2023: $1,059,824Expenses 2023: $1,120,902Net Income 2023: -$61,0782023Revenue 2024: $258,246Expenses 2024: $492,141Net Income 2024: -$233,8952024

Highlighted filing

2014

Revenue$1,775,291
Expenses$347,425
Net Income$1,427,866
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 20, 2015
Return Version
2014v5.0
Gross Receipts
$1,775,444
Mission and Program Overview

Mission

To create opportunities for and confront challenges facing future generations in the areas of economic opportunity, education, and global security.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities-$1,500,000-
Savings and Temporary Cash Investments$626,353$518,598▼ $107,755
Investments in Publicly Traded Securities$41,339$41,187▼ $152
Cash and Non-Interest-Bearing Accounts$1,997$5,794▲ $3,797
Total Assets$669,689$2,125,579▲ $1,455,890
Other Assets Total-$60,000-
Liabilities
Accounts Payable and Accrued Expenses-$27,417-
Total Liabilities$0$27,417▲ $27,417
Net Assets / Fund Balance
Unrestricted Net Assets$669,689$2,098,162▲ $1,428,473
Total Net Assets Fund Balance$669,689$2,098,162▲ $1,428,473
Total Liabilities and Net Assets / Fund Balance$669,689$2,125,579▲ $1,455,890

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,500,000--
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Michael P DavidsonPresidentPT$25,160$25,160

Board Members and Trustees

NameTitle
Paul MakarechianChairman
Ambassador Pierre-richard ProsperDirector
Dan MccloryDirector
Roman TsunderDirector
Todd RustmanDirector
Dj BurkeSecretary
Yuri VanetikTreasurer/ D
Revenue and Support

Revenue Composition

Contributions and Grants
$1,771,965
Program Service Revenue
$0
Investment Income
$3,326
Other Revenue
$0
All Other Contributions
$1,771,965
Change in Net Assets
$1,427,866

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Secur Prtnrshp Trust Intrsts1$1,500,000
Total Noncash Contributions1$1,500,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$342,144
Total Fundraising Expense$38,050
Salaries, Compensation, and Employee Benefits$5,281
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$124,738$30,320$17,229$172,287
Other Expenses$35,856-$8,964$44,820
Occupancy$27,192$7,769$3,884$38,845
Conferences and Meetings$6,721$841$841$8,403
Information Technology-$5,550-$5,550
Office Expenses$3,720$1,062$531$5,313
Other Salaries and Wages$4,116$514$514$5,144
Fees for Services Accounting-$3,511-$3,511
Fees for Services Legal-$2,488-$2,488
Insurance-$200-$200
Payroll Taxes$109$14$14$137
Total Functional Expenses$257,106$52,269$38,050$347,425
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-PresidentManagment IncomeNo$66,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Return is made available for discussion, review, updates, & corrections. After approval, final return is filed.”

Form 990, Page 6, Part VI, Line 12C

“The organization regulary checks for conflicts of interest. If there is an issue, enforcement will be handled according to the conflict of interest policy.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
The Gen Next Foundation Inc
EIN
27-1276227
Phone
8775309454
Address
4100 MACARTHUR BLVD, ROOM/SUITE 150, NEWPORT BEACH, CA 92660
Doing Business As
The Gen Next Foundation Inc

Signing Officer

Name
Michael P Davidson
Title
President
Phone
8775309454
Signed
2015-08-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael P Davidson
Formed
2009
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
1

Preparer

Firm
Lgh Consulting Inc
Address
585 S STATE COLLEGE BLVD, ANAHEIM, CA 92806-4222
Preparer
Scott Hukriede
Phone
7148089170
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“All other activities to support the organization's mission.”

Form 990, Part IX, Line 11G

“Independent contractors 91,638 26,182 13,091 consulting 9,280 1,160 1,160 recruiting 23,820 2,978 2,978”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0104660
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0235925
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03409973
IRS990ScheduleA/TotalSupportAmt03416084
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01500000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INTEREST IN TRACY GROUP, LLC
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/TotalBookValueSecuritiesAmt01500000
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0FUTURE BACK
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0PRESIDENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt066000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGMENT INCOME
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/ContributionCnt01
IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/NoncashContributionsRptF990Amt01500000
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL OTHER ACTIVITIES TO SUPPORT THE ORGANIZATION'S MISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RETURN IS MADE AVAILABLE FOR DISCUSSION, REVIEW, UPDATES, & CORRECTIONS. AFTER APPROVAL, FINAL RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REGULARY CHECKS FOR CONFLICTS OF INTEREST. IF THERE IS AN ISSUE, ENFORCEMENT WILL BE HANDLED ACCORDING TO THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INDEPENDENT CONTRACTORS 91,638 26,182 13,091 CONSULTING 9,280 1,160 1,160 RECRUITING 23,820 2,978 2,978
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0669689
IRS990/TotalAssetsEOYAmt02125579
IRS990/TotalAssetsGrp/BOYAmt0669689
IRS990/TotalAssetsGrp/EOYAmt02125579
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01771965
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt038050
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt052269
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0257106
IRS990/TotalFunctionalExpensesGrp/TotalAmt0347425
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt027417
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt027417
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0669689
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02098162
IRS990/TotalOtherProgSrvcExpenseAmt0202452
IRS990/TotalProgramServiceExpensesAmt0257106
IRS990/TotalRevenueGrp/ExclusionAmt03479
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-153
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01775291
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0669689
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02125579
IRS990/TotReportableCompRltdOrgAmt025160
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0669689
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02098162
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04100 MACURTHUR BLVD SUITE 150
IRS990/USAddress/CityNm0NEWPORT BEACH
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092660
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0GENNEXTFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL P DAVIDSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08775309454
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE GEN NEXT FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0GENN
ReturnHeader/Filer/EIN0271276227
ReturnHeader/Filer/PhoneNum08775309454
ReturnHeader/Filer/USAddress/AddressLine1Txt04100 MACARTHUR BLVD
ReturnHeader/Filer/USAddress/AddressLine2Txt0ROOM/SUITE 150
ReturnHeader/Filer/USAddress/CityNm0NEWPORT BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092660
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0330990695
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LGH CONSULTING INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0585 S STATE COLLEGE BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ANAHEIM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0928064222
ReturnHeader/PreparerPersonGrp/PhoneNum07148089170
ReturnHeader/PreparerPersonGrp/PreparationDt02015-08-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT HUKRIEDE
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-08-19T17:36:28-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,125,579
Liabilities
$27,417
Net assets
$2,098,162
Revenue
$1,775,291
Expenses
$347,425
Net income
$1,427,866
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.02$0.11$0.26$0.49$0.23
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.35$0.00$0.35$1.06$1.12$0.06
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.41$0.01$0.41$1.08$7.87$6.79
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.20$0.00$7.20$1.54$1.45$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.24$0.14$7.10$1.86$1.05$0.81
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.42$0.18$6.25$1.00$0.94$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.39$0.20$6.19$1.10$1.09$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.40$0.22$6.18$0.97$1.12$0.15
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.33$0.01$6.32$0.51$0.82$0.30
2015Detailed filing. Detailed filing data is available for this year.$6.65$0.02$6.63$0.65$0.62$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.13$0.03$2.10$1.78$0.35$1.43
2013Detailed filing. Detailed filing data is available for this year.$0.67$0.00$0.67$0.73$0.46$0.27
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.41$0.00$0.41$0.25
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.10$0.00$0.10$0.11
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.19$0.00$0.19$0.04