Civic Intelligence

Nextgen Aaa Foundation

990 • Fiscal year 2021 • EIN 82-2577901

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

Organization ProfileNEXTGENAAA.ORG
769 Broadway 1063New York, NY 10003

(212) 418-1287

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.56x

Higher debt load relative to assets than 92% of similar nonprofits.

2021 filings • NTEE N • <$500k nonprofits • Source year 2021

Liabilities / Revenue

79th percentile

0.07x

Higher debt load relative to revenue than 79% of similar nonprofits.

2021 filings • NTEE N • <$500k nonprofits • Source year 2021

Net Margin

14th percentile

-22%

Higher net margin than 14% of similar nonprofits.

2021 filings • NTEE N • <$500k nonprofits • Source year 2021

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

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

2021 filings • NTEE N • <$500k nonprofits • Source year 2021

Asset Growth

4th percentile

-69%

Faster asset growth than 4% of similar nonprofits.

2021 filings • NTEE N • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

28th percentile

-9.9%

Faster revenue growth than 28% of similar nonprofits.

2021 filings • NTEE N • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$25,181

Down $57,279 (-69%) from 2020

Net Assets

Down

$11,021

Down $42,939 (-80%) from 2020

Liabilities

Down

$14,160

Down $14,340 (-50%) from 2020

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin14th percentile

Revenue

Down

$199,087

Down $21,971 (-9.9%) from 2020

Expenses

Down

$242,026

Down $42,292 (-15%) from 2020

Net Income

Up

-$42,939

Up $20,321 (+32%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$150K$100K$50K$0Assets 2017: $51,291Liabilities 2017: $51,291Net Assets 2017: $02017Assets 2018: $62,837Liabilities 2018: $9,167Net Assets 2018: $53,6702018Assets 2019: $121,720Liabilities 2019: $4,500Net Assets 2019: $117,2202019Assets 2020: $82,460Liabilities 2020: $28,500Net Assets 2020: $53,9602020Assets 2021: $25,181Liabilities 2021: $14,160Net Assets 2021: $11,0212021Assets 2022: $24,765Liabilities 2022: $6,800Net Assets 2022: $17,9652022Assets 2023: $28,072Liabilities 2023: $0Net Assets 2023: $28,0722023Assets 2024: $26,332Liabilities 2024: $0Net Assets 2024: $26,3322024

Highlighted filing

2021

Assets$25,181
Liabilities$14,160
Net Assets$11,021
Open 2021 Filing

Operations Trend

Revenue Growth28th percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2017: $223,709Expenses 2017: $223,709Net Income 2017: $02017Revenue 2018: $291,002Expenses 2018: $288,623Net Income 2018: $2,3792018Revenue 2019: $303,447Expenses 2019: $239,897Net Income 2019: $63,5502019Revenue 2020: $221,058Expenses 2020: $284,318Net Income 2020: -$63,2602020Revenue 2021: $199,087Expenses 2021: $242,026Net Income 2021: -$42,9392021Revenue 2022: $274,774Expenses 2022: $267,830Net Income 2022: $6,9442022Revenue 2023: $179,931Expenses 2023: $169,824Net Income 2023: $10,1072023Revenue 2024: $60,786Expenses 2024: $62,526Net Income 2024: -$1,7402024

Highlighted filing

2021

Revenue$199,087
Expenses$242,026
Net Income-$42,939
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 15, 2022
Return Version
2021v4.2
Gross Receipts
$199,087
Mission and Program Overview

Mission

The mission of the nextgen aaa foundation is to provide mentoring, education, and hockey programs to diverse, low-income, and at-risk youth throughout the united states. Nextgen aaa foundation seeks to promote character development and personal growth both "on and off the ice, and to increase athletic participation for an underserved and diverse universe of players, while most importantly, highlighting the importance of academic excellence to these young athletes so that they will be well equipped to live more productive lives.

To provide mentoring, education, and hockey programs to diverse, low-income, and at-risk youth

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$82,460$25,181▼ $57,279
Total Assets$82,460$25,181▼ $57,279
Liabilities
Accounts Payable and Accrued Expenses$28,500$14,160▼ $14,340
Total Liabilities$28,500$14,160▼ $14,340
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$53,960$11,021▼ $42,939
Total Net Assets Fund Balance$53,960$11,021▼ $42,939
Total Liabilities and Net Assets / Fund Balance$82,460$25,181▼ $57,279
Compensation and Service Providers
Top Officer Pay89th percentile

Board Members and Trustees

NameTitle
Dorothy RicksCo-founder & Chair
Bryce SalvadorCo-founder & Director
Robert KnesaurekDirector
James DuffySecretary
Gigi LamTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Fantastic Sports LLCCoaching Fees & Other17650 JUNIPER PATH, Lakeville, MN 55044$134,825
Revenue and Support

Revenue Composition

Contributions and Grants
$199,087
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$199,087
Change in Net Assets
$-42,939
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$208,669
Grants and Similar Amounts Paid$33,357
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$71,263--$71,263
Grants to Domestic Orgs$20,000--$20,000
Grants to Domestic Individuals$13,357--$13,357
Fees for Services Accounting-$6,000-$6,000
Office Expenses$765$4,971-$5,736
Other Expenses$4,060--$4,060
All Other Expenses$1,926--$1,926
Insurance-$1,689-$1,689
Information Technology-$1,037-$1,037
Fees for Services Legal-$407-$407
Total Functional Expenses$227,922$14,104$0$242,026
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Xhockey Academy Co Fantastic Sports LLCLakeville, MN-TO IMPACT YOUNG LIVES POSITIVELY BY IMMERSING THEM INTO A COMPREHENSIVE DEVELOPMENTAL PROGRAM DESIGNED AROUND THE SPORT OF HOCKEY. WITH THE EMPHASIS PLACED ON THE IMPORTANCE OF PRACTICING AND OFF-ICE TRAINING VS. PLAYING TOO MANY GAMES; THE ACADEMY BUILDS ITS CURRICULUM AROUND WHAT IS IDEAL FOR THE LONG TERM DEVELOPMENT OF ITS PLAYERS.$20,000
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
-Interested Person Is the Organziations Co-founder and Director.THE ORGANIZATION PAID $168,182 TO A COMPANY THAT ONE OF THE ORGANIZATION'S BOARD MEMBERS IS AFFILIATED WITH, FOR GRANTS, EQUIPMENT, UNIFORMS, AND COACHING SERVICES.No$168,182
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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, Part VI, Section B, Line 11B

“The form 990 has been reviewed by a group of persons authorized to review financial and audit matters prior to filing. The final form 990 (filed with the irs) will be available at the next meeting of the board for inspection. In addition, upon request of any boardmember, a copy will be provided. If there are any material changes, an amended form 990 will be filed.”

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

“The organization enforces the conflict of interest policy by monitoring known relationships, questionnaires, and noting any changes in disclosed information. Any conflict is reviewed by the board before a decision is made as to whether to approve the transaction.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Nextgen Aaa Foundation
EIN
82-2577901
Phone
2124181287
Address
769 BROADWAY 1063, NEW YORK, NY 10003

Signing Officer

Name
Gigi Lam
Title
Treasurer
Phone
2124181287
Signed
2022-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gigi Lam
Formed
2017
Legal Domicile
De
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
21

Preparer

Firm
Skody Scot & Co Cpas Pc
Address
520 EIGHTH AVE SUITE 2200, NEW YORK, NY 10018
Preparer
William Skody
Phone
2129671100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contract services: program service expenses 71,263. Management and general expenses 0. Fundraising expenses 0. Total expenses 71,263.”

FORM 990. PART XII, LINE 2C:

“The process has not changed from prior year.”

Raw XML Appendix363 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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IRS990/MissionDesc0THE MISSION OF THE NEXTGEN AAA FOUNDATION IS TO PROVIDE MENTORING, EDUCATION, AND HOCKEY PROGRAMS TO DIVERSE, LOW-INCOME, AND AT-RISK YOUTH THROUGHOUT THE UNITED STATES. NEXTGEN AAA FOUNDATION SEEKS TO PROMOTE CHARACTER DEVELOPMENT AND PERSONAL GROWTH BOTH "ON AND OFF THE ICE, AND TO INCREASE ATHLETIC PARTICIPATION FOR AN UNDERSERVED AND DIVERSE UNIVERSE OF PLAYERS, WHILE MOST IMPORTANTLY, HIGHLIGHTING THE IMPORTANCE OF ACADEMIC EXCELLENCE TO THESE YOUNG ATHLETES SO THAT THEY WILL BE WELL EQUIPPED TO LIVE MORE PRODUCTIVE LIVES.
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO IMPACT YOUNG LIVES POSITIVELY BY IMMERSING THEM INTO A COMPREHENSIVE DEVELOPMENTAL PROGRAM DESIGNED AROUND THE SPORT OF HOCKEY. WITH THE EMPHASIS PLACED ON THE IMPORTANCE OF PRACTICING AND OFF-ICE TRAINING VS. PLAYING TOO MANY GAMES; THE ACADEMY BUILDS ITS CURRICULUM AROUND WHAT IS IDEAL FOR THE LONG TERM DEVELOPMENT OF ITS PLAYERS.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0XHOCKEY ACADEMY CO FANTASTIC SPORTS LLC
IRS990ScheduleI/RecipientTable/RecipientEIN0262561054
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt017650 JUNIPER PATH
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LAKEVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd055044
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS ARE AWARDED BASED ON SPECIFIC CRITERIA AND ARE APPROVED BY THE BOARD COMMITTEE THAT OVERSEES ALL RECIPIENTS OF GRANTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0BRYCE SALVADOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0INTERESTED PERSON IS THE ORGANZIATIONS CO-FOUNDER AND DIRECTOR.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0168182
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0THE ORGANIZATION PAID $168,182 TO A COMPANY THAT ONE OF THE ORGANIZATION'S BOARD MEMBERS IS AFFILIATED WITH, FOR GRANTS, EQUIPMENT, UNIFORMS, AND COACHING SERVICES.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 HAS BEEN REVIEWED BY A GROUP OF PERSONS AUTHORIZED TO REVIEW FINANCIAL AND AUDIT MATTERS PRIOR TO FILING. THE FINAL FORM 990 (FILED WITH THE IRS) WILL BE AVAILABLE AT THE NEXT MEETING OF THE BOARD FOR INSPECTION. IN ADDITION, UPON REQUEST OF ANY BOARDMEMBER, A COPY WILL BE PROVIDED. IF THERE ARE ANY MATERIAL CHANGES, AN AMENDED FORM 990 WILL BE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION ENFORCES THE CONFLICT OF INTEREST POLICY BY MONITORING KNOWN RELATIONSHIPS, QUESTIONNAIRES, AND NOTING ANY CHANGES IN DISCLOSED INFORMATION. ANY CONFLICT IS REVIEWED BY THE BOARD BEFORE A DECISION IS MADE AS TO WHETHER TO APPROVE THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 71,263. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 71,263.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990. PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt082460
IRS990/TotalAssetsEOYAmt025181
IRS990/TotalAssetsGrp/BOYAmt082460
IRS990/TotalAssetsGrp/EOYAmt025181
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0199087
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014104
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0227922
IRS990/TotalFunctionalExpensesGrp/TotalAmt0242026
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt028500
IRS990/TotalLiabilitiesEOYAmt014160
IRS990/TotalLiabilitiesGrp/BOYAmt028500
IRS990/TotalLiabilitiesGrp/EOYAmt014160
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt053960
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011021
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0227922
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0199087
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt021
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt082460
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt025181
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0769 BROADWAY 1063
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010003
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0NEXTGENAAA.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GIGI LAM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02124181287
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEXTGEN AAA FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0NEXT
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ReturnHeader/Filer/PhoneNum02124181287
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ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010003
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133597814
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SKODY SCOT & CO CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0520 EIGHTH AVE SUITE 2200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010018
ReturnHeader/PreparerPersonGrp/PhoneNum02129671100
ReturnHeader/PreparerPersonGrp/PreparationDt02022-08-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM SKODY
ReturnHeader/ReturnTs02022-08-15T17:17:22-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GIGI
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LAM
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,181
Liabilities
$14,160
Net assets
$11,021
Revenue
$199,087
Expenses
$242,026
Net income
-$42,939
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.26$0.61$0.63$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.28$1.80$1.70$0.10
2022Detailed filing. Detailed filing data is available for this year.$0.25$0.07$0.18$2.75$2.68$0.07
2021Detailed filing. Detailed filing data is available for this year.$0.25$0.14$0.11$1.99$2.42$0.43
2020Detailed filing. Detailed filing data is available for this year.$0.82$0.29$0.54$2.21$2.84$0.63
2019Detailed filing. Detailed filing data is available for this year.$1.22$0.05$1.17$3.03$2.40$0.64
2018Detailed filing. Detailed filing data is available for this year.$0.63$0.09$0.54$2.91$2.89$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.51$0.51$0.00$2.24$2.24$0.00