Gen Next
- Assets
- $400.4k
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 17
- Location
- Irvine, CA
- Founding
- 06/2009
- Data as of
- 12/2023
- EIN
- 26-2522432
Organization Overview
Gen Next is located in Irvine, CA. The organization was established in 2009. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Gen Next employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gen Next is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Gen Next generated $2.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $2.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AN ORGANIZATION OF SUCCESSFUL INDIVIDUALS DEDICATED TO UNDERSTANDING ABOUT AND BECOMING ENGAGED WITH THE MOST PRESSING CHALLENGES FACING FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MEMBERSHIP PROGRAM IS DEDICATED TO TEACHING SUCCESSFUL INDIVIDUALS ON HOW TO BECOME MORE ENGAGED WITH THE MOST PRESSING CHALLENGES FACING FUTURE GENERATIONS. THE AREAS OF FOCUS FOR THE ORGANIZATION ARE GENERATIONAL LEADERSHIP, EDUCATION, ECONOMIC GROWTH, AND GLOBAL SECURITY.
REGIONAL PROGRAMS AND LEADERSHIP SUMMITS ARE OPPORTUNITIES FOR MEMBERS TO MEET WITH PUBLIC OFFICIALS, HEADS OF THINK TANKS, STATE LEGISLATURES, AND MORE TO DISCUSS ISSUES THAT ARE RELEVANT TO FURTHERING THE MISSION OF GEN NEXT AND ITS MEMBERS.
INTERNATIONAL PROGRAM IS DESIGNED TO EXPOSE AMERICAN LEADERS AND ENTREPRENEURS TO LEADERSHIP IN VARIOUS PARTS OF THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Makarechian Chairman | OfficerTrustee | 1 | $0 |
John Rydell Secretary | OfficerTrustee | 1 | $0 |
Kevin Dunlap Director | Trustee | 1 | $0 |
Brian Ferguson Director | Trustee | 1 | $0 |
Lori Otto Punke Director | Trustee | 1 | $0 |
Michael Davidson CEO | Officer | 45 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Future Back Inc Executive Management | 12/30/21 | $265,625 |
Cobblr Llc Re-branding From Gn To Alder | 12/30/21 | $146,000 |
Seek Human Llc Strategic Planning And Consulting Servic | 12/30/21 | $450,000 |
Always Hard Mettle Llc Re-branding From Gn To Alder | 12/30/21 | $110,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,597,962 |
| Investment income | $14,336 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,617,298 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $485,236 |
| Compensation of current officers, directors, key employees. | $97,097 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $680,577 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,224 |
| Payroll taxes | $114,679 |
| Fees for services: Management | $244,375 |
| Fees for services: Legal | $1,490 |
| Fees for services: Accounting | $30,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $222,512 |
| Advertising and promotion | $50,348 |
| Office expenses | $69,122 |
| Information technology | $29,119 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $40,579 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $102,838 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,745 |
| Insurance | $13,348 |
| All other expenses | $697 |
| Total functional expenses | $2,562,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,676 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $231,453 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,123 |
| Net Land, buildings, and equipment | $2,611 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $23,500 |
| Other assets | $0 |
| Total assets | $400,363 |
| Accounts payable and accrued expenses | $258,149 |
| Grants payable | $0 |
| Deferred revenue | $1,292,596 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,976 |
| Total liabilities | $1,556,721 |
| Net assets without donor restrictions | -$1,156,358 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $400,363 |