Next Generation Entrepreneurs Inc
- Assets
- $3.1k
- Revenue
- $14.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami Beach, FL
- Founding
- 03/2012
- Data as of
- 12/2022
- EIN
- 45-3970126
Organization Overview
Next Generation Entrepreneurs Inc is located in Miami Beach, FL. The organization was established in 2012. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Next Generation Entrepreneurs 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, Next Generation Entrepreneurs Inc generated $14.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $40.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Next Generation Entrepreneurs Inc has awarded 18 individual grants totaling $448,841. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENTREPRENEURIAL TRAINING, EDUCATION AND PLACEMENT GRANTS BENEFITING COMMUNITIES IN THE AMOUNT OF $1,000. AND SUPPORTING EXPENSES OF $39,374.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maryam Nahid Treasurer | 2 | $15,750 | |
Nicklas Sarnicola President | 1 | $0 | |
Patrick Adams Executive Director | 40 | $7,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,170 |
| Interest on Savings | $0 |
| Dividends & Interest | $157 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,285 |
| Capital Gain Net Income | $5,285 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,612 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $23,250 |
| 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 | $16,124 |
| Total operating and administrative expenses | $39,374 |
| Contributions, gifts, grants paid | $1,000 |
| Total expenses and disbursements | $40,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,106 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $3,106 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Next Generation Entrepreneurs Inc has awarded $34,019 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE LITTLE LIGHTHOUSE FOUNDATION PURPOSE: TO SUPPORT PROGRAMS FOR UNDERSERVED YOUTH | $1,444 |
REMEMBRANCE RANCH PURPOSE: YOUTH EXPERIENCE FOR FAMILY/SCHOOL SUPPORT AND ENTREPRENEURIAL EDUCATION | $30,000 |
WEST BOCA DIAMONDS SOFTBALL PURPOSE: YOUTH SOFTBALL PROGRAM | $1,000 |
ALMA ECUADOR AGENCYUNIVERSIDAD CENTRAL DEL ECUADOR PURPOSE: PLAYSET EQUIPMENT FOR YOUTH | $1,575 |