Civic Intelligence

Nextop Inc.

990 • Fiscal year 2023 • EIN 47-1429344

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 11, 2024

2929 McKinney St AHouston, TX 77003

(504) 434-0204

Siviq Scores

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

Liabilities / Assets

51st percentile

0.07x

Higher debt load relative to assets than 51% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

35th percentile

0.03x

Higher debt load relative to revenue than 35% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

80th percentile

28%

Higher net margin than 80% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

87th percentile

$174,773

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 9.5% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

97th percentile

228%

Faster asset growth than 97% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

90th percentile

85%

Faster revenue growth than 90% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$787,690

Up $547,636 (+228%) from 2022

Net Assets

Up

$732,899

Up $506,887 (+224%) from 2022

Liabilities

Up

$54,791

Up $40,749 (+290%) from 2022

Revenue

Up

$1,841,635

Up $844,688 (+85%) from 2022

Expenses

Up

$1,334,748

Up $108,018 (+8.8%) from 2022

Net Income

Up

$506,887

Up $736,670 (+321%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2014: $1Liabilities 2014: $02014Assets 2015: $41,969Liabilities 2015: $0Net Assets 2015: $41,9692015Assets 2016: $101,199Liabilities 2016: $0Net Assets 2016: $101,1992016Assets 2017: $179,170Liabilities 2017: $25,132Net Assets 2017: $154,0382017Assets 2018: $551,670Liabilities 2018: $35,143Net Assets 2018: $516,5272018Assets 2019: $298,400Liabilities 2019: $7,955Net Assets 2019: $290,4452019Assets 2020: $391,251Liabilities 2020: $207,860Net Assets 2020: $183,3912020Assets 2021: $488,854Liabilities 2021: $33,059Net Assets 2021: $455,7952021Assets 2022: $240,054Liabilities 2022: $14,042Net Assets 2022: $226,0122022Assets 2023: $787,690Liabilities 2023: $54,791Net Assets 2023: $732,8992023Assets 2024: $1,065,658Liabilities 2024: $6,090Net Assets 2024: $1,059,5682024

Highlighted filing

2023

Assets$787,690
Liabilities$54,791
Net Assets$732,899

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $117,890Expenses 2014: $117,890Net Income 2014: $02014Revenue 2015: $378,529Expenses 2015: $336,560Net Income 2015: $41,9692015Revenue 2016: $661,204Expenses 2016: $601,974Net Income 2016: $59,2302016Revenue 2017: $837,558Expenses 2017: $784,670Net Income 2017: $52,8882017Revenue 2018: $1,369,131Expenses 2018: $1,006,642Net Income 2018: $362,4892018Revenue 2019: $921,599Expenses 2019: $1,147,681Net Income 2019: -$226,0822019Revenue 2020: $792,865Expenses 2020: $899,919Net Income 2020: -$107,0542020Revenue 2021: $1,385,969Expenses 2021: $1,113,565Net Income 2021: $272,4042021Revenue 2022: $996,947Expenses 2022: $1,226,730Net Income 2022: -$229,7832022Revenue 2023: $1,841,635Expenses 2023: $1,334,748Net Income 2023: $506,8872023Revenue 2024: $2,284,696Expenses 2024: $1,958,027Net Income 2024: $326,6692024

Highlighted filing

2023

Revenue$1,841,635
Expenses$1,334,748
Net Income$506,887
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 11, 2024
Return Version
2023v5.1
Gross Receipts
$1,841,635
Mission and Program Overview

Mission

NextOp serves our nations hardworking veterans by providing job placement assistance, mentorship and support. We connect skilled mid-level service members with Gulf Coast employers in the Energy, Construction and Healthcare sectorsall at no cost to the veterans or employers.

NextOp works one-on-one with veterans to help them understand how their military training and experiences translate into valued qualifications in the business community, connecting veterans to job openings that match their skill sets and mentoring them beyond the job hire.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$350,022-
Pledges and Grants Receivable$73,961$347,955▲ $273,994
Cash and Non-Interest-Bearing Accounts$164,982$88,713▼ $76,269
Land, Buildings, and Equipment, Net$1,000$1,000→ $0
Accounts Receivable$111--
Total Assets$240,054$787,690▲ $547,636
Liabilities
Mortgage Notes Payable Secured by Investment Property-$40,000-
Accounts Payable and Accrued Expenses$14,042$14,791▲ $749
Total Liabilities$14,042$54,791▲ $40,749
Net Assets / Fund Balance
Net Assets With Donor Restrictions$85,955$390,206▲ $304,251
Net Assets Without Donor Restrictions$140,057$342,693▲ $202,636
Total Net Assets Fund Balance$226,012$732,899▲ $506,887
Total Liabilities and Net Assets / Fund Balance$240,054$787,690▲ $547,636

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,000-$1,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shelby MountsExecutive DirectorFT$165,000$9,773$174,773
Benjamin ArmstrongPartnerships and OutreachFT$121,327$20,526$141,853
Allen WhitesidePrograms DirectorFT$114,923-$114,923

Board Members and Trustees

NameTitle
Chris WhiteChair
Gaw JonesDirector
Henry AdamsDirector
Jennifer BickelyDirector
Joseph BrentDirector
Kyle DevlinDirector
Shannon EvansDirector
Will HalesDirector
Patricia DarnauerSecretary
Kevin McFaddenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,841,454
Program Service Revenue
$159
Investment Income
$22
Other Revenue
$0
All Other Contributions
$1,235,490
Change in Net Assets
$506,887

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,841,635
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,600
Total Revenue per Audited Statements
$1,843,235
Total Revenue per Form 990
$1,841,635
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,121,018
Other Expenses$213,730
Total Fundraising Expense$165,212
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$698,082$13,575$109,744$821,401
Current Officers, Directors, Trustees, and Key Employees$139,819$17,453$17,501$174,773
Payroll Taxes$67,875$2,477$10,318$80,670
Travel$67,850$3,576$5,441$76,867
Fees for Services Other$54,310$1,981$8,255$64,546
Other Employee Benefits$28,453$911$4,364$33,728
Fees for Services Accounting$19,084$696$2,901$22,681
Office Expenses$13,228$483$2,012$15,723
Advertising$11,173$17$841$12,031
Pension Plan Contributions$8,995-$1,451$10,446
Information Technology$7,514$157$650$8,321
Conferences and Meetings$4,814$175$732$5,721
Occupancy$4,443$162$675$5,280
Other Expenses$2,154$79$327$2,560
Total Functional Expenses$1,127,794$41,742$165,212$1,334,748

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,336,348
Expenses per Audited Statements$1,334,748
Total Expenses per Form 990$1,334,748
Expenses Not Reported on Form 990$1,600
Expenses Not Reported on Financial Statements$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Part VI, Section A, Line 1A

The Executive Committee, includes Board Officers, is generally directly engaged in administrative and advisory services with the Executive Director, including the Executive Directors' compensation package research (the whole board votes to approve), potential Board member evaluation (the whole board votes), decisions about the agenda items for board business, discussions about how the individual board members are performing, and, of course, review of the audit report to management.

Form 990, Part VI, Section A, line 4

NextOp amended its bylaws in 2023 to change the title of the Board leader from Chairman to President and to eliminate the Vice Chairman position. The amended bylaws formalized the existence of an Executive Committee consisting of the 3 Board Officers (President, Secretary, and Treasurer).

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

A copy of Form 990 is sent to board members for review via email correspondence, followed by an electronic vote confirming acceptance of the Form before filing.

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

Board members will openly disclose conflicts of interest in a Board meeting or via email correspondence to the entire Board. Conflicted management and Board members are excused from voting on matters if a conflict exists.

Form 990, Part VI, Section B, line 15A

The Compensation Policy defines the process for reviewing and approving the Executive Director's compensation. This review includes input by the Executive Director, review by the Executive Committee, compensation determination by the Executive Committee, the establishment of recommended compensation by the Executive Committee, and then a discussion and full vote by the Board on the Executive Director's compensation.

Form 990, Part VI, Section C, line 19

Upon request.

Filing and Contact Details

Filer

Filer Name
NextOp Inc
EIN
47-1429344
Phone
5044340204
Address
2929 McKinney St A, Houston, TX 77003

Signing Officer

Name
Shelby Mounts
Title
Executive Director
Phone
5044340204
Signed
2024-07-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shelby Mounts
Formed
2014
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
10
Employees
12
Volunteers
13

Preparer

Firm
Blazek & Vetterling
Address
2900 Weslayan Suite 200, Houston, TX 77027
Preparer
Barbara Murphy
Phone
7134395739
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IRS990/Desc0See Schedule O.VETERANS: NextOp employment programming facilitates veterans' successful transition from military service to civilian careers as seamlessly as possible. The NextOp employment team works 1:1 with service members on career and industry identification, skill translation, upskill or reskill opportunities, resume development and refinement, and interview skills to help each candidate secure interviews and, ultimately, a career in the industry/company/specific role that they are seeking. Our candidates comprise the most diverse population within the Department of Defense - the middle enlisted ranks - and are uniquely positioned to bring their soft skills and world experiences to the private sector, but often lack the network, understanding of the industry and career options, and specific certifications to access interviews and hiring representatives without our help. NextOp bridges the gap for companies interested in veteran talent. Still, they need to learn how to directly access and connect with the population, especially before or as they depart the active-duty component.EVENTS: NextOp plans and hosts various seminars, workshops, and other programming events related to veteran workforce development, employment, networking, and corporate partner relationship management programming, typically throughout the country. MENTORSHIP: Military Candidates can easily register via our website and are assessed by our staff during a thorough intake. They are assigned to one of our employment coordinators, who coach and mentor them throughout the employment preparation and placement process - and beyond. Additionally, NextOp works closely to connect our candidates and their family members with other mentorship programs and resources to ensure a successful transition to the civilian community and workforce for themselves and their families. CORPORATE PARTNERS: NextOp's Corporate Partners are among the most well-respected industry companies that truly value military skills and experience. NextOp works with our Corporate Partners to develop a military-friendly work culture centered on establishing a veteran affinity group and streamlining military recruiting processes. NextOp meets companies where they are to support their veteran employment goals, whether consulting on establishing veteran hiring initiatives, evaluating past progress and establishing next steps, speaking to key stakeholder groups within companies to highlight the veteran employee value proposition, dispel any myths, etc. NextOp experienced a very successful 2023, setting records with all-time highs of 669 veterans placed at an average starting salary of $65,821 in 2023, an average salary increase of $3,478/5.6% over 2023.
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IRS990/Form990PartVIISectionAGrp/TitleTxt11Partnerships and Outreach
IRS990/Form990PartVIISectionAGrp/TitleTxt12Programs Director
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt01000
IRS990/LandBldgEquipCostOrOtherBssAmt01000
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0NextOp helps place talented enlisted service members and veterans into civilian careers through highly individualized preparation and an array of programming.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt0732899
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0140057
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0342693
IRS990/NoncashContributionsAmt02150
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IRS990/OccupancyGrp/FundraisingAmt0675
IRS990/OccupancyGrp/ManagementAndGeneralAmt0162
IRS990/OccupancyGrp/ProgramServicesAmt04443
IRS990/OccupancyGrp/TotalAmt05280
IRS990/OfficeExpensesGrp/FundraisingAmt02012
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0483
IRS990/OfficeExpensesGrp/ProgramServicesAmt013228
IRS990/OfficeExpensesGrp/TotalAmt015723
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt04364
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0911
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt028453
IRS990/OtherEmployeeBenefitsGrp/TotalAmt033728
IRS990/OtherExpensesGrp/Desc0Dues and subscriptions
IRS990/OtherExpensesGrp/FundraisingAmt0327
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt079
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IRS990/OtherExpensesGrp/TotalAmt02560
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0109744
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt013575
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0698082
IRS990/OtherSalariesAndWagesGrp/TotalAmt0821401
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt010318
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02477
IRS990/PayrollTaxesGrp/ProgramServicesAmt067875
IRS990/PayrollTaxesGrp/TotalAmt080670
IRS990/PensionPlanContributionsGrp/FundraisingAmt01451
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08995
IRS990/PensionPlanContributionsGrp/TotalAmt010446
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt073961
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0347955
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IRS990/PYOtherRevenueAmt0576
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IRS990/PYSalariesCompEmpBnftPaidAmt0994868
IRS990/PYTotalExpensesAmt01226730
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0996947
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IRS990/QuidProQuoContriDisclInd01
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IRS990/ReconcilationRevenueExpnssAmt0506887
IRS990/RegularMonitoringEnfrcInd01
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IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0159
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0350022
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01841454
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0996371
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01390531
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0792865
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0944224
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt022
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt022
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0159
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleD/DonatedServicesUseFcltsAmt01600
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01000
IRS990ScheduleD/ExpensesNotReportedAmt01600
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01334748
IRS990ScheduleD/RevenueNotReportedAmt01600
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01841635
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01000
IRS990ScheduleD/TotalExpensesPerForm990Amt01334748
IRS990ScheduleD/TotalRevenuePerForm990Amt01841635
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Shelby Mounts
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Director
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Executive Committee, includes Board Officers, is generally directly engaged in administrative and advisory services with the Executive Director, including the Executive Directors' compensation package research (the whole board votes to approve), potential Board member evaluation (the whole board votes), decisions about the agenda items for board business, discussions about how the individual board members are performing, and, of course, review of the audit report to management.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NextOp amended its bylaws in 2023 to change the title of the Board leader from Chairman to President and to eliminate the Vice Chairman position. The amended bylaws formalized the existence of an Executive Committee consisting of the 3 Board Officers (President, Secretary, and Treasurer).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A copy of Form 990 is sent to board members for review via email correspondence, followed by an electronic vote confirming acceptance of the Form before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board members will openly disclose conflicts of interest in a Board meeting or via email correspondence to the entire Board. Conflicted management and Board members are excused from voting on matters if a conflict exists.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Compensation Policy defines the process for reviewing and approving the Executive Director's compensation. This review includes input by the Executive Director, review by the Executive Committee, compensation determination by the Executive Committee, the establishment of recommended compensation by the Executive Committee, and then a discussion and full vote by the Board on the Executive Director's compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19

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