Nu Generation Foundation Inc
- Assets
- $1.5b
- Revenue
- $18.7m
- Investments
- $1.4b
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- Data as of
- 12/2021
- EIN
- 36-4957734
Organization Overview
Nu Generation Foundation Inc is located in Las Vegas, NV. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nu Generation Foundation Inc 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 12/2021, Nu Generation Foundation Inc generated $18.7m in total revenue. All expenses for the organization totaled $12.5m during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUNDING TO SUPPORT THE MISSION AND ACTIVITIES OF THE AUTONOMOUS EDUCATIONAL ORGANIZATIONS, "NAZARBAYEV UNIVERSITY AND "NAZARBAYEV INTELLECTUAL SCHOOLS," EACH A NOT-FOR-PROFIT ENTITY LOCATED IN THE REPUBLIC OF KAZAKHSTAN, AND THEIR AFFILIATED ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE YEAR 2021 WAS A START UP YEAR FOR THE FOUNDATION AND WAS FOCUSED ON SETTING UP THE APPROPRIATE STRUCTURE NEEDED TO SUPPORT ALL THE FUTURE EDUCATIONAL AND OTHER MISSION RELATED ACTIVITIES. IN ADDITION, COVID WAS RAGING IN KAZAKHSTAN AND USA, SEVERELY IMPEDING NUGF START-UP ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shigeo Katsu Chairman And Director | OfficerTrustee | 2 | $0 |
Aslan Sarinzhipov Director, Executive Director, Treasurer | OfficerTrustee | 2 | $0 |
Rustem Khamzin Manager (jhllc) | Officer | 2 | $0 |
Yerden Kusain Secretary, Exec. Dir., Manager (jhllc) | Officer | 2 | $0 |
Nazipa Ayubaeva Director | Trustee | 2 | $0 |
Kulyash Shamshidinova Director | Trustee | 2 | $0 |
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 | $5,800,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,800,000 |
| Total Program Service Revenue | $0 |
| Investment income | $12,900,340 |
| 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 | $18,700,340 |
| 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 | $11,900,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $139,741 |
| Fees for services: Accounting | $86,747 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $363,759 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,304 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,035 |
| Total functional expenses | $12,494,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,206,331 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $624 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,446,818,745 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,453,025,700 |
| Accounts payable and accrued expenses | $1,490 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $1,490 |
| Net assets without donor restrictions | $0 |
| 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 | $1,453,024,210 |
| Total liabilities and net assets/fund balances | $1,453,025,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nu Generation Foundation Inc Las Vegas, NV | $1,453,025,700 | $18,700,340 |
Edify San Diego, CA | $6,623,463 | $8,851,742 |
Ploughshares Fund Inc San Francisco, CA | $34,653,491 | $6,615,677 |
American Himalayan Foundation San Francisco, CA | $21,794,459 | $4,216,875 |
Ramakrishna Foundation Arcadia, CA | $1,047,373 | $3,548,174 |
Wcg Cares Carlsbad, CA | $2,144,515 | $2,918,913 |
Sustainable Sciences Institute San Francisco, CA | $1,202,077 | $2,730,574 |
Sai Global Mission Santa Clara, CA | $862,055 | $2,360,918 |
Eternal Charitable Foundation Las Vegas, NV | $228,724 | $1,904,759 |
Chances For Children Scottsdale, AZ | $1,995,339 | $2,204,866 |
Mercy Beyond Borders Santa Clara, CA | $1,165,740 | $1,401,592 |
Sitare Foundation Palo Alto, CA | $29,674,432 | $2,923,884 |