The Next Foundation Inc
- Assets
- $70.1k
- Revenue
- $180.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Inverness, IL
- Founding
- 12/2018
- Data as of
- 12/2020
- EIN
- 82-3579890
Organization Overview
The Next Foundation Inc is located in Inverness, IL. The organization was established in 2018. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Next 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 12/2020, Next Foundation Inc generated $180.3k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 50.5% each year . All expenses for the organization totaled $339.9k during the year ending 12/2020. While expenses have increased by 40.0% per year over the past 2 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thaddeus Scislowski President | 10 | $0 | |
Ed Grasse Treasurer | 2 | $0 | |
Susan Scislowski Director | 5 | $0 | |
Denise Tokarczyk Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $137,190 |
| Interest on Savings | $2,159 |
| Dividends & Interest | $1,303 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,659 |
| Capital Gain Net Income | $39,659 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$37 |
| Total Revenue | $180,274 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,862 |
| Total operating and administrative expenses | $7,897 |
| Contributions, gifts, grants paid | $332,000 |
| Total expenses and disbursements | $339,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $70,094 |
| 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 | $70,094 |
| 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, The Next Foundation Inc has awarded $332,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JUDSON UNIVERSITY PURPOSE: TO FUND ATHLETIC OPPORTUNITIES | $310,000 |
ST VIATOR PURPOSE: TO FUND ATHLETIC OPPORTUNITIES | $15,000 |
COLGATE UNIVERSITY PURPOSE: TO FUND ATHLETIC OPPORTUNITIES | $7,000 |
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