Civic Intelligence

Nxtgen Illinois

990 • Fiscal year 2019 • EIN 84-3560064

Nov 01, 2019 to Dec 31, 2019 • Filed on Aug 06, 2020

1600 W Colonial PkwyInverness, IL 60067

(847) 934-8900

Siviq Scores

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

Liabilities / Assets

99th percentile

5.71x

Higher debt load relative to assets than 99% of similar nonprofits.

2019 filings • 501(c)4 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

4.54x

Higher debt load relative to revenue than 99% of similar nonprofits.

2019 filings • 501(c)4 • <$500k nonprofits • Source year 2019

Net Margin

1st percentile

-375%

Higher net margin than 1% of similar nonprofits.

2019 filings • 501(c)4 • <$500k nonprofits • Source year 2019

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

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

2019 filings • 501(c)4 • <$500k nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Assets

$6,350

No earlier filing loaded for comparison.

Net Assets

-$29,938

No earlier filing loaded for comparison.

Liabilities

$36,288

No earlier filing loaded for comparison.

Revenue

$7,988

No earlier filing loaded for comparison.

Expenses

$37,926

No earlier filing loaded for comparison.

Net Income

-$29,938

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$200K$100K$0-$100K-$200KAssets 2019: $6,350Liabilities 2019: $36,288Net Assets 2019: -$29,9382019Assets 2020: $5,185Liabilities 2020: $112,063Net Assets 2020: -$106,8782020Assets 2021: $8,953Liabilities 2021: $121,354Net Assets 2021: -$112,4012021

Highlighted filing

2019

Assets$6,350
Liabilities$36,288
Net Assets-$29,938

Operations Trend

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

$100K$50K$0-$50K-$100KRevenue 2019: $7,988Expenses 2019: $37,926Net Income 2019: -$29,9382019Revenue 2020: $100Expenses 2020: $77,040Net Income 2020: -$76,9402020Revenue 2021: $3,918Expenses 2021: $9,441Net Income 2021: -$5,5232021

Highlighted filing

2019

Revenue$7,988
Expenses$37,926
Net Income-$29,938
Jump To
Filing Snapshot
Filing Period
Nov 1, 2019 to Dec 31, 2019
Signed
Aug 6, 2020
Return Version
2019v5.0
Gross Receipts
$7,988
Mission and Program Overview

Mission

The fundamental mission of NXTGEN Illinois is to advance future leaders who espouse free market economic principles to finally bring about a return to properity in the land of lincoln.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$6,350-
Total Assets$0$6,350▲ $6,350
Liabilities
Accounts Payable and Accrued Expenses-$36,288-
Total Liabilities$0$36,288▲ $36,288
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$-29,938-
Total Net Assets Fund Balance$0$-29,938▼ $29,938
Total Liabilities and Net Assets / Fund Balance$0$6,350▲ $6,350
Compensation and Service Providers

Board Members and Trustees

NameTitle
Collin CorbettPresident
Lauren FlemingDirector
Michael KoolidgeDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$7,988
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$7,988
Change in Net Assets
$-29,938
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$37,926
Total Fundraising Expense$4,596
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$27,998--$27,998
Conferences and Meetings$196-$4,596$4,792
Advertising$3,114--$3,114
Travel$1,350--$1,350
Office Expenses$279--$279
Other Expenses$85--$85
Total Functional Expenses$33,330$0$4,596$37,926
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Nxtgen Illinois
EIN
84-3560064
Address
1600 W COLONIAL PKWY, INVERNESS, IL 60067
Doing Business As
Nxtgen Illinois

Signing Officer

Name
Collin Corbett
Title
President
Phone
2245781501
Signed
2020-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Collin Corbett
Formed
2019
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Paquette & Company Ltd
Address
1208 W NORTHWEST HIGHWAY, PALATINE, IL 60067-1897
Preparer
William Gladstone
Phone
8479348900
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

The fundamental mission of nxtgen illinois is to advance future leaders who espouse free market economic principles to finally bring about a return to properity in the land of lincoln.

Raw XML Appendix233 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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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings