Nextech Org Inc
- Assets
- $3.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 10
- Location
- Indianapolis, IN
- Founding
- 11/2011
- Data as of
- 12/2022
- EIN
- 45-3362871
Organization Overview
Nextech Org Inc is located in Indianapolis, IN. The organization was established in 2011. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Nextech Org Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nextech Org Inc 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 12/2022, Nextech Org Inc generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE IN CHARITABLE AND EDUCATIONAL ACTIVITIES TO PROVIDE EDUCATIONAL OPPORTUNITIES FOCUSED ON COMPUTER SCIENCE AND TECHNOLOGY TO K-12 STUDENTS
Describe the Organization's Program Activity:
EDUCATOR SUCCESS - EQUIPPING K-12 TEACHERS WITH THE CONTENT KNOWLEDGE, INSTRUCTIONAL STRATEGIES AND INDUSTRY EXPERIENCES TO CONFIDENTLY DELIVER CS CURRICULUM TO ALL INDIANA STUDENTS
CATAPULT EXPERIENCES - IMMERSING AREA HIGH SCHOOL JUNIORS AND SENIORS IN THE TECH COMMUNITY THROUGH ACCELERATED-LEARNING PROGRAMS
STUDENT EXPERIENCES ARE A SET OF OPPORTUNITIES FOR INDIANA K-12 STUDENTS TO EXPLORE AND DISCOVER THE DISCIPLINE OF COMPUTER SCIENCE AND THE POTENTIAL OF A POST-SECONDARY PATH AND CAREER IN TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Jung President | Officer | 40 | $198,212 |
Jennifer Garcia Director, Educator Success | 40 | $104,827 | |
Leroy Robinson Board Member | Trustee | 1 | $2,145 |
Ashley Vukovits Treasurer | OfficerTrustee | 1 | $0 |
Bill Soards Board Member | Trustee | 1 | $0 |
Jen Oleksiw Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,700 |
| Related organizations | $50,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,089,153 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,148,853 |
| Total Program Service Revenue | $24,950 |
| Investment income | $22,252 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $103,540 |
| Net Income from Fundraising Events | -$2,713 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,296,882 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,000 |
| 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. | $247,230 |
| Compensation of current officers, directors, key employees. | $46,296 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $339,988 |
| Pension plan accruals and contributions | $46,462 |
| Other employee benefits | $27,999 |
| Payroll taxes | $42,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,888 |
| Fees for services: Other | $40,150 |
| Advertising and promotion | $76,695 |
| Office expenses | $3,992 |
| Information technology | $45,918 |
| Royalties | $0 |
| Occupancy | $38,493 |
| Travel | $16,120 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,394 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,730 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,452,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $40,156 |
| Pledges and grants receivable | $451,464 |
| 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 | $2,977 |
| Net Land, buildings, and equipment | $126,984 |
| Investments—publicly traded securities | $2,787,406 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,408,987 |
| Accounts payable and accrued expenses | $23,071 |
| 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 | $23,071 |
| Net assets without donor restrictions | $3,385,916 |
| 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 | $3,408,987 |
Grants Awarded
Over the last fiscal year, Nextech Org Inc has awarded $5,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BLUFFTON - HARRISON METROPOLOTOAN SCHOOL DISTRICT PURPOSE: BUILD AND ENHANCE COMPUTER SCIENCE LAB | $1,000 |
EAST NOBLE SCHOOL CORPORATION PURPOSE: BUILD AND ENHANCE COMPUTER SCIENCE LAB | $1,000 |
NINEVEH HENSLEY JACKSON SCHOOL CORPORATION PURPOSE: BUILD AND ENHANCE COMPUTER SCIENCE LAB | $1,000 |
SOUTH BEND COMMUNITY SCHOOL CORPORATION PURPOSE: BUILD AND ENHANCE COMPUTER SCIENCE LAB | $1,000 |
RUSH COUNTY SCHOOLS PURPOSE: BUILD AND ENHANCE COMPUTER SCIENCE LAB | $1,000 |