Civic Intelligence

Next Level Northwest

990EZ • Fiscal year 2021 • EIN 82-1754903

Jan 01, 2021 to Dec 31, 2021 • Filed on Feb 15, 2022

1255 Gannon Drive Box 957873Hoffman Estates, IL 60195-7873

(847) 345-6401

Siviq Scores

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

Liabilities / Assets

80th percentile

0.15x

Higher debt load relative to assets than 80% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

86th percentile

0.26x

Higher debt load relative to revenue than 86% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

59th percentile

15%

Higher net margin than 59% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

73rd percentile

32%

Faster asset growth than 73% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

35th percentile

-14%

Faster revenue growth than 35% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$199,173

Up $47,848 (+32%) from 2020

Net Assets

Up

$169,173

Up $17,848 (+12%) from 2020

Liabilities

$30,000

No earlier filing loaded for comparison.

Revenue

Down

$117,627

Down $19,907 (-14%) from 2020

Expenses

Up

$99,778

Up $25,437 (+34%) from 2020

Net Income

Down

$17,849

Down $45,344 (-72%) from 2020

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2017: $31,723Net Assets 2017: $31,7232017Assets 2018: $63,333Net Assets 2018: $63,3332018Assets 2019: $103,132Liabilities 2019: $15,000Net Assets 2019: $88,1322019Assets 2020: $151,325Net Assets 2020: $151,3252020Assets 2021: $199,173Liabilities 2021: $30,000Net Assets 2021: $169,1732021Assets 2023: $160,815Liabilities 2023: $02023Assets 2024: $95,487Net Assets 2024: $95,4872024Assets 2025: $0Net Assets 2025: $02025

Highlighted filing

2021

Assets$199,173
Liabilities$30,000
Net Assets$169,173

Operations Trend

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

$200K$100K$0-$100KRevenue 2017: $99,825Expenses 2017: $68,102Net Income 2017: $31,7232017Revenue 2018: $70,000Expenses 2018: $38,593Net Income 2018: $31,4072018Revenue 2019: $92,505Expenses 2019: $67,706Net Income 2019: $24,7992019Revenue 2020: $137,534Expenses 2020: $74,341Net Income 2020: $63,1932020Revenue 2021: $117,627Expenses 2021: $99,778Net Income 2021: $17,8492021Revenue 2023: $82,500Expenses 2023: $64,305Net Income 2023: $18,1952023Revenue 2024: $65,500Expenses 2024: $130,828Net Income 2024: -$65,3282024Revenue 2025: $1,000Expenses 2025: $39,517Net Income 2025: -$38,5172025

Highlighted filing

2021

Revenue$117,627
Expenses$99,778
Net Income$17,849
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Feb 15, 2022
Return Version
2021v4.0
Gross Receipts
$117,627
Mission and Program Overview

Mission

Next Level Northwest is a not-for-profit business accelerator program providing free coaching to help qualified businesses in the Northwest Chicagoland region.

EDUCATION

Program Services

DescriptionGrantsExpenses
NEXT LEVEL NORTHWEST IS A CHARITABLE, EDUCATIONAL ORGANIZATION WITH THE SPECIFIC INTENT OF HELPING THE LEADERS AND OWNERS OF EXISTING STAGE 2 BUSINESSES, I.E., THOSE WITHIN THE GROWTH STAGE THAT HAVE NOT YET MATURED AND CONTINUE TO DEMONSTRATE OPERATIONAL AND DESIGN INEFFICIENCIES, THROUGH A COMPETITIVE BUSINESS ACCELERATOR ENGAGEMENT PROCESS AS WELL AS EDUCATIONAL PROGRAMS AND EVENTS DIRECTED TOWARD ONGOING DEVELOPMENT OF GRADUATE COMPANIES.-$83,086
NEXT LEVEL NORTHWEST IS A CHARITABLE, EDUCATIONAL ORGANIZATION WITH THE SPECIFIC INTENT OF HELPING THE LEADERS AND OWNERS OF EXISTING STAGE 2 BUSINESSES, I.E., THOSE WITHIN THE GROWTH STAGE THAT HAVE NOT YET MATURED AND CONTINUE TO DEMONSTRATE OPERATIONAL AND DESIGN INEFFICIENCIES, THROUGH A COMPETITIVE BUSINESS ACCELERATOR ENGAGEMENT PROCESS AS WELL AS EDUCATIONAL PROGRAMS AND EVENTS DIRECTED TOWARD ONGOING DEVELOPMENT OF GRADUATE COMPANIES.-$1,898
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ERIC PALMDirector-$0--
RAY RUMMELPresident-$0--
PAULA HEWSONVice Preside-$0--
JOHN NOWACKIDirector-$0--
JULIANNA MAILLERSecretary-$0--
SEAN MCCARTHYDirector-$0--
TERESA FAIDLEYTreasurer-$0--
JOSH GRODZINInterim Exec-$0--
Filing and Contact Details

Filer

Filer Name
Next Level Northwest
EIN
82-1754903
Phone
8473456401
Address
1255 GANNON DRIVE BOX 957873, HOFFMAN ESTATES, IL 60195-7873

Signing Officer

Name
Ray Rummel
Title
President
Phone
8473456401
Signed
2022-02-15
Discuss with paid preparer
Yes

Preparer

Firm
Leif Jensen and Associaties Ltd
Address
1881 COMMERCE DR STE 105, ELK GROVE VILLAGE, IL 60007-2134
Preparer
Leif Jensen
Phone
8476909454
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising 31,545 insurance 3,229 il business registration 15 gala 4,041 total 38,830

Form 990-ez, Part II, Line 24

Accounts receivable 0 15,000 total 0 15,000

Form 990-ez, Part II, Line 26

Deferred revenue 0 30,000

Form 990-ez, Part III, Line 28

Next level northwest is a charitable, educational organization with the specific intent of helping the leaders and owners of existing stage 2 businesses, i.e., those within the growth stage that have not yet matured and continue to demonstrate operational and design inefficiencies, through a competitive business accelerator engagement process as well as educational programs and events directed toward ongoing development of graduate companies.

Form 990-ez, Part III, Line 31

Next level northwest is a charitable, educational organization with the specific intent of helping the leaders and owners of existing stage 2 businesses, i.e., those within the growth stage that have not yet matured and continue to demonstrate operational and design inefficiencies, through a competitive business accelerator engagement process as well as educational programs and events directed toward ongoing development of graduate companies.

Raw XML Appendix150 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 31,545 INSURANCE 3,229 IL BUSINESS REGISTRATION 15 GALA 4,041 TOTAL 38,830
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 0 15,000 TOTAL 0 15,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DEFERRED REVENUE 0 30,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NEXT LEVEL NORTHWEST IS A CHARITABLE, EDUCATIONAL ORGANIZATION WITH THE SPECIFIC INTENT OF HELPING THE LEADERS AND OWNERS OF EXISTING STAGE 2 BUSINESSES, I.E., THOSE WITHIN THE GROWTH STAGE THAT HAVE NOT YET MATURED AND CONTINUE TO DEMONSTRATE OPERATIONAL AND DESIGN INEFFICIENCIES, THROUGH A COMPETITIVE BUSINESS ACCELERATOR ENGAGEMENT PROCESS AS WELL AS EDUCATIONAL PROGRAMS AND EVENTS DIRECTED TOWARD ONGOING DEVELOPMENT OF GRADUATE COMPANIES.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RAY RUMMEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08473456401
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-02-15
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ReturnHeader/Filer/EIN0821754903
ReturnHeader/Filer/PhoneNum08473456401
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ReturnHeader/Filer/USAddress/CityNm0HOFFMAN ESTATES
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ReturnHeader/PreparerPersonGrp/PhoneNum08476909454
ReturnHeader/PreparerPersonGrp/PreparationDt02022-01-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LEIF JENSEN
ReturnHeader/ReturnTs02022-02-11T13:16:28-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RAY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RUMMEL
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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Filings