Civic Intelligence

Nextgen Global Leadership Academies

990EZ • Fiscal year 2024 • EIN 87-3459628

Jul 01, 2023 to Jun 30, 2024 • Filed on Mar 10, 2025

Organization Profilenextgenacademies.org
11150 S Wilcrest Dr 185Houston, TX 77099

(210) 538-5385

Siviq Scores

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

Liabilities / Assets

98th percentile

3.73x

Higher debt load relative to assets than 98% of similar nonprofits.

2024 filings • NTEE B • <$500k nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.06x

Higher debt load relative to revenue than 82% of similar nonprofits.

2024 filings • NTEE B • <$500k nonprofits • Source year 2024

Net Margin

80th percentile

39%

Higher net margin than 80% of similar nonprofits.

2024 filings • NTEE B • <$500k nonprofits • Source year 2024

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.

2024 filings • NTEE B • <$500k nonprofits • Source year 2024

Asset Growth

53rd percentile

4.2%

Faster asset growth than 53% of similar nonprofits.

2024 filings • NTEE B • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

5th percentile

-85%

Faster revenue growth than 5% of similar nonprofits.

2024 filings • NTEE B • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$953

Up $38 (+4.2%) from 2023

Net Assets

Up

-$2,597

Up $23,477 (+90%) from 2023

Liabilities

Down

$3,550

Down $23,439 (-87%) from 2023

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin80th percentile

Revenue

Down

$60,500

Down $349,188 (-85%) from 2023

Expenses

Down

$37,023

Down $398,739 (-92%) from 2023

Net Income

Up

$23,477

Up $49,551 (+190%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

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

$40K$20K$0-$20K-$40KAssets 2023: $915Liabilities 2023: $26,989Net Assets 2023: -$26,0742023Assets 2024: $953Liabilities 2024: $3,550Net Assets 2024: -$2,5972024Assets 2025: $1,016Liabilities 2025: $0Net Assets 2025: $1,0162025

Highlighted filing

2024

Assets$953
Liabilities$3,550
Net Assets-$2,597
Open 2024 Filing

Operations Trend

Revenue Growth5th percentile

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

$600K$400K$200K$0-$200KRevenue 2023: $409,688Expenses 2023: $435,762Net Income 2023: -$26,0742023Revenue 2024: $60,500Expenses 2024: $37,023Net Income 2024: $23,4772024Revenue 2025: $17,900Expenses 2025: $14,287Net Income 2025: $3,6132025

Highlighted filing

2024

Revenue$60,500
Expenses$37,023
Net Income$23,477
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 10, 2025
Return Version
2023v6.0
Gross Receipts
$60,500
Mission and Program Overview

Mission

NextGen Global Leadership Academies is the platform for proposed tuition-free public charter schools in Texas. Subsequent to the end of the 2024 tax year, the organization surrendered its charter to operate in the State of Texas and is in the process of dissolving in accordance with applicable law.

NextGen Global Leadership Academies is the platform for proposed tuition-free public charter schools in Texas, starting with NextGen Innovation Academy (NGIA) in the west side of Houston, which will serve grades 6-12.

Program Services

DescriptionGrantsExpenses
NextGen Global Leadership Academies will provide a safe learning environment for all students from diverse backgrounds to inspire innovation, provide experiential education, and cultivate students' academic excellence. Through a strong focus on STEM+M education and entrepreneurship, students will have a path for success in post-secondary education, college, career or military and become a positive contributor to the community and workforce. Its first school, NextGen Innovation Academy, will launch in 2026 with grades 6-7 and eventually grow to serve grades 6-12.$0$0
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Revati PuranikChairPT$0--
Brenda Rios BrombacherDirectorPT$0--
Rizwan ViraniDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
NextGen Global Leadership Academies
EIN
87-3459628
Phone
2105385385
Address
11150 S Wilcrest Dr 185, Houston, TX 77099

Signing Officer

Name
Revati Puranik
Title
Chair
Phone
2105385385
Signed
2025-03-10
Discuss with paid preparer
Yes

Preparer

Firm
Blazek & Vetterling
Address
2900 Weslayan Suite 200, Houston, TX 77027
Preparer
Barbara Murphy
Phone
7134395739
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16 - Other Expenses

“Description: Bank fees. Amount: 90.”

Form 990-EZ, Part II, Line 26 - Other Liabilities

“Description: Accounts payable. Beg. of Year Amount: 26,989. End of Year Amount: 3,550.”

Raw XML Appendix155 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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NextGen Global Leadership Academies' non-discrimination policy is publicized on its website and is visible and accessible to all visitors.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
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ReturnHeader/ReturnTs02025-03-10T15:41:58-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$953
Liabilities
$3,550
Net assets
-$2,597
Revenue
$60,500
Expenses
$37,023
Net income
$23,477
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.18$0.14$0.04
2024Detailed filing. Detailed filing data is available for this year.$0.01$0.04$0.03$0.61$0.37$0.23
2023Detailed filing. Detailed filing data is available for this year.$0.01$0.27$0.26$4.10$4.36$0.26