Civic Intelligence

Tuskegee Next Foundation

990 • Fiscal year 2019 • EIN 47-3907004

Oct 01, 2018 to Sep 30, 2019 • Filed on Jun 02, 2020

PO Box 1061Wheaton, IL 60187-1061

(312) 972-3814

Siviq Scores

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

Liabilities / Assets

100th percentile

6.67x

Higher debt load relative to assets than 100% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

77th percentile

0.21x

Higher debt load relative to revenue than 77% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

8th percentile

-35%

Higher net margin than 8% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

1st percentile

-84%

Faster asset growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

55th percentile

6.5%

Faster revenue growth than 55% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$9,052

Down $48,473 (-84%) from 2018

Net Assets

Down

-$51,356

Down $98,832 (-208%) from 2018

Liabilities

Up

$60,408

Up $50,359 (+501%) from 2018

Revenue

Up

$282,986

Up $17,186 (+6.5%) from 2018

Expenses

Up

$381,818

Up $80,179 (+27%) from 2018

Net Income

Down

-$98,832

Down $62,993 (-176%) from 2018

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0-$100KAssets 2018: $57,525Liabilities 2018: $10,049Net Assets 2018: $47,4762018Assets 2019: $9,052Liabilities 2019: $60,408Net Assets 2019: -$51,3562019Assets 2020: $67,947Liabilities 2020: $107,491Net Assets 2020: -$39,5442020Assets 2021: $313,303Liabilities 2021: $48,716Net Assets 2021: $264,5872021Assets 2022: $82,307Liabilities 2022: $16,368Net Assets 2022: $65,9392022Assets 2024: $243,148Liabilities 2024: $42,725Net Assets 2024: $200,4232024

Highlighted filing

2019

Assets$9,052
Liabilities$60,408
Net Assets-$51,356

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2018: $265,800Expenses 2018: $301,639Net Income 2018: -$35,8392018Revenue 2019: $282,986Expenses 2019: $381,818Net Income 2019: -$98,8322019Revenue 2020: $157,996Expenses 2020: $146,184Net Income 2020: $11,8122020Revenue 2021: $1,191,414Expenses 2021: $887,283Net Income 2021: $304,1312021Revenue 2022: $410,513Expenses 2022: $527,151Net Income 2022: -$116,6382022Revenue 2024: $842,700Expenses 2024: $778,215Net Income 2024: $64,4852024

Highlighted filing

2019

Revenue$282,986
Expenses$381,818
Net Income-$98,832
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Jun 2, 2020
Return Version
2018v3.1
Gross Receipts
$650,413
Mission and Program Overview

Mission

Honoring the legacy of the tuskegee airmen, tuskegee next seeks to transform the lives of at-risk youth through aviation education and career path opportunities, so they can transform their communities.our strategy: tuskegee next seeks to provide role models and a clear path toward aviation careers through: flight training, life skills, and educational assistance.to train and support 100 minority chicago area youth in obtaining their pilots license by the year 2025. This goal will be accomplished while introducing participants to the aerospace industry through various educational initiatives, life skills and mentorship collaborations as well as formal flight training programs.

Our mission: honoring the legacy of the tuskegee airmen, tuskegee next seeks to transform the lives of at-risk youth through aviation education and career path opportunities, so they can transform their communities.our strategy: tuskegee next seeks to provide role models and a clear path toward aviation careers through: flight training, life skills, and educational assistance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$83,315$47,476▼ $35,839
Cash and Non-Interest-Bearing Accounts$57,525$6,052▼ $51,473
Accounts Receivable-$3,000-
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$57,525$9,052▼ $48,473
Liabilities
Accounts Payable and Accrued Expenses$8,380$58,048▲ $49,668
Other Liabilities$1,669$2,360▲ $691
Total Liabilities$10,049$60,408▲ $50,359
Net Assets / Fund Balance
Total Net Assets Fund Balance$47,476$-51,356▼ $98,832
Total Liabilities and Net Assets / Fund Balance$57,525$9,052▼ $48,473

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$878$878
Compensation and Service Providers

Board Members and Trustees

NameTitle
Stephen L DavisChairman and President
Guido ViscontiDirector
Montel GaylesDirector
Pat BradyDirector
Robert WerderichDirector
Rona FourteDirector
Tammera HolmesDirector
Luke SlawekSecretary
David LarsonTreasurer
Duane HaydenVice Chariman
Revenue and Support

Revenue Composition

Contributions and Grants
$513,538
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-230,552
All Other Contributions
$156,569
Change in Net Assets
$-98,832
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$309,046
Salaries, Compensation, and Employee Benefits$72,772
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$28,125$37,500-$65,625
All Other Expenses$20,194$12,176-$32,370
Fees for Services Management$14,468--$14,468
Advertising$7,262$5,866-$13,128
Fees for Services Accounting-$11,200-$11,200
Other Expenses$9,795--$9,795
Travel-$6,177-$6,177
Payroll Taxes$2,152$2,868-$5,020
Insurance$2,136$807-$2,943
Other Employee Benefits$912$1,215-$2,127
Conferences and Meetings-$1,370-$1,370
Fees for Services Other$120$961-$1,081
Depreciation Depletion-$878-$878
Fees for Services Legal-$352-$352
Total Functional Expenses$300,448$81,370$0$381,818
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$367,427
Fundraising Gross Income$136,875
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
April, 2019 Fundraising Event$493,844$136,875$60,494$76,381
Total Events$493,844$136,875$367,427$-230,552
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$2,360
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
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 B, Line 11B

The tax return will be reviewed by the chairman and treasurer.

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

Tax return was reviewed by chairman and treasurer.

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

Board of directors deliberated and discussed compensation of executive director.

Form 990, Part VI, Section C, Line 19

The organization can make it's governing documents, conflict of interest policy and financial statements available to the public upon written request to the board.

Filing and Contact Details

Filer

Filer Name
The Tuskegee Next Foundation
EIN
47-3907004
Phone
3129723814
Address
PO BOX 1061, WHEATON, IL 60187-1061

Signing Officer

Name
Stephen L Davis
Title
Chairman
Phone
3129723814
Signed
2020-06-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen L Davis
Formed
2015
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
Kapple Jensen Inc
Address
120 E OGDEN AVENUE 130, HINSDALE, IL 60521
Preparer
John J Peters
Phone
6304550825
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0650413
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0541825
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0467284
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0200479
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0176343
IRS990ScheduleA/Total509Grp/TotalAmt02036344
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0650413
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0541825
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0467284
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0200479
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0176343
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02036344
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0878
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0878
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02360
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt02360
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0356969
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0356969
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0367427
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt017599
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt017599
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0APRIL, 2019 FUNDRAISING EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt045680
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt045680
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0493844
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0493844
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0136875
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0136875
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-230552
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0163111
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0163111
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt060494
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt060494
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt080543
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt080543
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURN WILL BE REVIEWED BY THE CHAIRMAN AND TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TAX RETURN WAS REVIEWED BY CHAIRMAN AND TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTORS DELIBERATED AND DISCUSSED COMPENSATION OF EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION CAN MAKE IT'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt09052
IRS990/TotalAssetsGrp/BOYAmt057525
IRS990/TotalAssetsGrp/EOYAmt09052
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0513538
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt081370
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0300448
IRS990/TotalFunctionalExpensesGrp/TotalAmt0381818
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010049
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-51356
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0300448
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-230552
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0282986
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt06177
IRS990/TravelGrp/TotalAmt06177
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1061
IRS990/USAddress/CityNm0WHEATON
IRS990/USAddress/StateAbbreviationCd0IL
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IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.TUSKEGEENEXT.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHEN L DAVIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum03129723814
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE TUSKEGEE NEXT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0TUSK
ReturnHeader/Filer/EIN0473907004
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