Civic Intelligence

The Gen Next Foundation Inc

990 • Fiscal year 2022 • EIN 27-1276227

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 13, 2023

Organization ProfileWWW.GENNEXTFOUNDATION.ORG
2646 Dupont Drive Ste 60 507Irvine, CA 92612

(877) 770-4698

Siviq Scores

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

Liabilities / Assets

34th percentile

0.02x

Higher debt load relative to assets than 34% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

23rd percentile

0.01x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

1st percentile

-630%

Higher net margin than 1% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

90th percentile

$195,000

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 18.1% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

1st percentile

-94%

Faster asset growth than 1% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

13th percentile

-30%

Faster revenue growth than 13% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets34th percentile

Assets

Down

$414,827

Down $6,785,935 (-94%) from 2021

Net Assets

Down

$408,415

Down $6,787,622 (-94%) from 2021

Liabilities

Up

$6,412

Up $1,687 (+36%) from 2021

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin1st percentile

Revenue

Down

$1,078,028

Down $465,402 (-30%) from 2021

Expenses

Up

$7,865,650

Up $6,419,337 (+444%) from 2021

Net Income

Down

-$6,787,622

Down $6,884,739 (-7089%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth1st 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

2022

Assets$414,827
Liabilities$6,412
Net Assets$408,415
Open 2022 Filing

Operations Trend

Revenue Growth13th 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

2022

Revenue$1,078,028
Expenses$7,865,650
Net Income-$6,787,622
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 13, 2023
Return Version
2022v5.0
Gross Receipts
$1,078,028
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
Savings and Temporary Cash Investments$6,964,758$264,827▼ $6,699,931
Pledges and Grants Receivable-$100,000-
Cash and Non-Interest-Bearing Accounts$86,004$0▼ $86,004
Receivables From Officers Etc$150,000$50,000▼ $100,000
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$7,200,762$414,827▼ $6,785,935
Liabilities
Accounts Payable and Accrued Expenses$4,725$6,412▲ $1,687
Total Liabilities$4,725$6,412▲ $1,687
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,196,037$408,415▼ $6,787,622
Total Net Assets Fund Balance$7,196,037$408,415▼ $6,787,622
Total Liabilities and Net Assets / Fund Balance$7,200,762$414,827▼ $6,785,935

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$0$79,248$79,248
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Wade LairsenPresidentFT$195,000-$195,000
Michael DavidsonCEOPT-$100,000$100,000

Board Members and Trustees

NameTitle
Paul MakarechianChairman
Brian FergusonDirector
John RydellDirector
Kevin DunlapDirector
Pierre ProsperDirector
Roman TsunderDirector
Dj BurkeSecretary/director
Todd RustmanTreasurer/director
Revenue and Support

Revenue Composition

Contributions and Grants
$1,060,700
Program Service Revenue
$0
Investment Income
$15,720
Other Revenue
$1,608
All Other Contributions
$1,060,700
Change in Net Assets
$-6,787,622
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$6,388,788
Salaries, Compensation, and Employee Benefits$763,796
Other Expenses$713,066
Total Fundraising Expense$80,033
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$6,388,788--$6,388,788
Other Salaries and Wages$310,183$57,703$17,034$384,920
Current Officers, Directors, Trustees, and Key Employees$236,000$29,500$29,500$295,000
Fees for Services Management$119,574$27,758$27,758$175,090
Fees for Services Other$107,109$3,648-$110,757
Payroll Taxes$67,378$10,757$5,741$83,876
Office Expenses-$68,827-$68,827
Conferences and Meetings$50,655--$50,655
Travel$38,356--$38,356
Fees for Services Legal-$26,481-$26,481
Information Technology-$10,551-$10,551
Advertising$6,267--$6,267
Other Expenses$1,801$13,877-$1,801
Total Functional Expenses$7,536,515$249,102$80,033$7,865,650
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Walking SofterJackson, WY3Mitigate the Risks of Climate Change$5,341,933
Gen NextIrvine, CA4General Support$546,855
Cres ForumWashington, DC3Mitigate the Risks of Climate Change$150,000
DeployusBoston, MA3Mitigate the Risks of Climate Change$150,000
George Mason University FoundationFairfax, VA3Mitigate the Risks of Climate Change$150,000
Climate SolutionsSeattle, WA3Mitigate the Risks of Climate Change$50,000
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
Michael DavidsonCEOLoan ForgivenessNo$100,000
Future Back IncCEOCEO ServicesNo$72,600

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$150,000$50,000▼ $100,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The ceo position is contracted out to future back, inc. Mr. Michael davidson is the control person of future back, inc. See schedule l, part iv for required disclosure.”

Form 990, Part VI, Section B, Line 11B

“A draft copy of the form 990 is emailed to the principal financial officer for review. This person performs a review, discusses amongst the finance committee, and informs the return preparer of any changes. A copy of the final draft of the form 990 is emailed to the chief executive officer for approval before it is filed.”

Form 990, Part VI, Section B, Line 12C

“The organization has a conflict committee which routinely reviews outside activity by identifying activities which may present a conflict of interest. If there is an issue, the matter will be handled according to the conflict of interest policy.”

Form 990, Part VI, Section B, Line 15

“Wage adjustments/bonus goals are presented to the finance commitee for approval & inclusion in the budget for the fiscal year. The finance committee reviews performance against goals, validates, & recommends compensation to the board for implementation.”

Form 990, Part VI, Section C, Line 18

“AVAILABLE ON GUIDESTAR.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
The Gen Next Foundation Inc
EIN
27-1276227
Phone
8777704698
Address
2646 DUPONT DRIVE STE 60 507, IRVINE, CA 92612

Signing Officer

Name
Michael Davidson
Title
CEO
Phone
8777704698
Signed
2023-10-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Davidson
Formed
2009
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
5
Employees
3
Volunteers
0

Preparer

Firm
Haskell & White Llp
Address
300 SPECTRUM CENTER DR STE 300, IRVINE, CA 92618
Preparer
Rick Smetanka
Phone
9494506200
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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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IRS990/PayrollTaxesGrp/TotalAmt083876
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0100000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MICHAEL DAVIDSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0WORKED WITH STRATEGIC PARTNERS TO FURTHER THE STATED MISSION OF THE GEN NEXT FOUNDATION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt05841933
IRS990/ProgSrvcAccomActy2Grp/GrantAmt05841933
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01489143
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt023962
IRS990/PYOtherExpensesAmt0818164
IRS990/PYOtherRevenueAmt030325
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt097117
IRS990/PYSalariesCompEmpBnftPaidAmt0628149
IRS990/PYTotalExpensesAmt01446313
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01543430
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0150000
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt050000
IRS990/ReconcilationRevenueExpnssAmt0-6787622
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06964758
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0264827
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01060700
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01489143
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0560826
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01000752
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01096446
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05207867
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt015720
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt023962
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01301429
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0466
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0200
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01341777
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01608
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt030325
IRS990ScheduleA/OtherIncome170Grp/TotalAmt031933
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.52110
IRS990ScheduleA/PublicSupportPY170Pct00.50850
IRS990ScheduleA/PublicSupportTotal170Amt03429657
IRS990ScheduleA/SubstantialContributorsTotAmt01778210
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01060700
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01489143
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0560826
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01000752
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01096446
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05207867
IRS990ScheduleA/TotalSupportAmt06581577
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/ScheduleBRequiredInd01
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt079248
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt079248
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt05341933
IRS990ScheduleI/RecipientTable/CashGrantAmt150000
IRS990ScheduleI/RecipientTable/CashGrantAmt2150000
IRS990ScheduleI/RecipientTable/CashGrantAmt3150000
IRS990ScheduleI/RecipientTable/CashGrantAmt4150000
IRS990ScheduleI/RecipientTable/CashGrantAmt5546855
IRS990ScheduleI/RecipientTable/IRCSectionDesc03
IRS990ScheduleI/RecipientTable/IRCSectionDesc13
IRS990ScheduleI/RecipientTable/IRCSectionDesc23
IRS990ScheduleI/RecipientTable/IRCSectionDesc33
IRS990ScheduleI/RecipientTable/IRCSectionDesc43
IRS990ScheduleI/RecipientTable/IRCSectionDesc54
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0MITIGATE THE RISKS OF CLIMATE CHANGE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1MITIGATE THE RISKS OF CLIMATE CHANGE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2MITIGATE THE RISKS OF CLIMATE CHANGE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3MITIGATE THE RISKS OF CLIMATE CHANGE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4MITIGATE THE RISKS OF CLIMATE CHANGE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WALKING SOFTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CLIMATE SOLUTIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2CRES FORUM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3DEPLOYUS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4GEORGE MASON UNIVERSITY FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5GEN NEXT
IRS990ScheduleI/RecipientTable/RecipientEIN0853237904
IRS990ScheduleI/RecipientTable/RecipientEIN1911123302
IRS990ScheduleI/RecipientTable/RecipientEIN2472999520
IRS990ScheduleI/RecipientTable/RecipientEIN3472818525
IRS990ScheduleI/RecipientTable/RecipientEIN4541603842
IRS990ScheduleI/RecipientTable/RecipientEIN5262522432
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0970 W BROADWAY SUITE E-198
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11402 THIRD AAVE SUITE 1200
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt21201 PENNSYLVANIA AVE NW SUITE 200
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3177 HUNTINGTON AVE SUITE 1703 PMB
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt44400 UNIVERSITY DR MS 1A3
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt52646 DUPONT DR STE 60 507
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt074752
IRS990ScheduleI/RecipientTable/USAddress/CityNm0JACKSON
IRS990ScheduleI/RecipientTable/USAddress/CityNm1SEATTLE
IRS990ScheduleI/RecipientTable/USAddress/CityNm2WASHINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm3BOSTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm4FAIRFAX
IRS990ScheduleI/RecipientTable/USAddress/CityNm5IRVINE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1WA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2DC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd083001
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd198101
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd220004
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd302115
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd422030
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd592612
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION WILL SELECT PROSPECTIVE VENTURE PARTNERS BASED ON THE OVERALL MISSION OF THE POTENTIAL PARTNER ORGANIZATIONS ALIGNMENT WITH THE MISSION, VISION AND VALUES OF GEN NEXT. ONCE SELECTED THERE IS A VETTING PROCESS THAT IS FOLLOWED TO ENSURE OUTCOMES MEET BOTH ORGANIZATIONS EXPECTATIONS. INDIVIDUAL AGREEMENTS ARE SIGNED WITH EACH ORGANIZATION TO PROVIDE OVERSIGHT OF THE USAGE OF THE FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt05
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0195000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WADE LAIRSEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0195000

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$414,827
Liabilities
$6,412
Net assets
$408,415
Revenue
$1,078,028
Expenses
$7,865,650
Net income
-$6,787,622
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
2022Detailed filing. Detailed filing data is available for this year.$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
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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