Nexterra Foundation Inc
- Assets
- $1.2m
- Revenue
- $2.0m
- Investments
- $8.6k
- Employees
- 3
- Location
- Millerton, NY
- Founding
- 03/2012
- Data as of
- 12/2022
- EIN
- 45-4037873
Organization Overview
Nexterra Foundation Inc is located in Millerton, NY. The organization was established in 2012. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. As of 12/2022, Nexterra Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nexterra Foundation 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, Nexterra Foundation Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. While expenses have increased by 7.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PRINCIPAL OBJECTIVES ARE FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES INCLUDING, BUT NOT LIMITED TO, ADVANCING HUMAN KNOWLEDGE BY UNDERTAKING AN EFFORT TO LOCATE, IDENTIFY AND CREATE A MAP SHOWING PLANETS IN THE NEIGHBORING STAR SYSTEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Seager Co-Pres/cler | 5 | $0 | |
Scot C Galliher Co-Pres/trea | 30 | $0 | |
Brett DE Blonk VP Research | 40 | $249,684 | |
Jason Kay Senior Optic | 40 | $189,432 | |
Laurie Robinson Chief Devel | 40 | $108,000 | |
Thomas Carlson Senior Techn | 40 | $152,250 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Channel Studio | 12/30/22 | $305,910 |
Laurie Robinson | 12/30/22 | $108,000 |
Maclean Engin & Applied Tech | 12/30/22 | $80,755 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,020,018 |
| Interest on Savings | $0 |
| Dividends & Interest | $132 |
| 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 | $2,020,150 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $547,116 |
| Other employee salaries and wages | $467,460 |
| Pension plans, employee benefits | $203,892 |
| Interest | $0 |
| Taxes | $1,040 |
| Depreciation | $172,957 |
| Occupancy | $21,050 |
| Travel, conferences, and meetings | $34,010 |
| Printing and publications | $166 |
| Other expenses | $133,267 |
| Total operating and administrative expenses | $2,104,594 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,104,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,081 |
| Savings and temporary cash investments | $0 |
| 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 | $8,633 |
| Net Land, buildings, and equipment | $1,139,962 |
| Other assets | $1,000 |
| Total assets | $1,167,676 |
| Accounts payable and accrued expenses | $48,525 |
| 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 | $48,525 |