Next Generation Foundation
- Assets
- $324.3k
- Revenue
- $91.0
- Investments
- $0.0
- Employees
- 0
- Location
- Crownsville, MD
- Founding
- 08/2001
- Data as of
- 12/2021
- EIN
- 01-0539770
Organization Overview
Next Generation Foundation is located in Crownsville, MD. The organization was established in 2001. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Next Generation Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Next Generation Foundation generated $91.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (49.7%) each year. All expenses for the organization totaled $6.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (65.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Next Generation Foundation has awarded 122 individual grants totaling $34,113,709. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chantal Dukette Secretary, T | 0 | $0 | |
Mary Offutt President | 0 | $0 | |
Brian Clough Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $91 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $91 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,236 |
| Total operating and administrative expenses | $6,032 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $6,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $122,050 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $202,254 |
| Other assets | $0 |
| Total assets | $324,304 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $141,250 |
| Total liabilities | $141,250 |
Grants Awarded
Over the last fiscal year, Next Generation Foundation has awarded $32,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Bucksport, ME PURPOSE: OPERATING FUNDS | $10,000 |
Bucksport, ME PURPOSE: OPERATING FUNDS | $10,000 |
Ellsworth, ME PURPOSE: ENDOWMENT | $6,000 |
Ellsworth, ME PURPOSE: ENDOWMENT | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Forum For Youth Investment Washington, DC | $9,053,543 | $7,540,773 |
Hope For The Warriors Springfield, VA | $4,615,443 | $8,207,781 |
Mba Open Doors Foundation Washington, DC | $6,951,188 | $5,196,301 |
Spookstock Foundation Leesburg, VA | $1,341,695 | $5,091,159 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |
The Essential Foundation Fka Aqua Charitable Trust Bryn Mawr, PA | $32,073,281 | $19,000,000 |
The Methuselah Foundation Springfield, VA | $18,792,317 | $14,799,805 |
The Meg And Bennett Goodman Family Foundation Jenkintown, PA | $50,458,470 | $11,004,981 |
Farm Journal Agricultural Foundation Washington, DC | $815,504 | $1,711,147 |
Yellow Ribbon Fund Inc Bethesda, MD | $1,996,496 | $3,055,184 |
Voorhis Foundation Wilmington, DE | $18,620,361 | $1,505,500 |
Izmirlian International Foundation Washington, DC | $264 | $2,005,003 |