Next Gen Personal Finance
- Assets
- $36.2m
- Revenue
- $8.2m
- Investments
- $24.7m
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 07/2018
- Data as of
- 12/2021
- EIN
- 82-3648278
Organization Overview
Next Gen Personal Finance is located in Palo Alto, CA. The organization was established in 2018. According to its NTEE Classification (P19) the organization is classified as: Support N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Next Gen Personal Finance 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 12/2021, Next Gen Personal Finance generated $8.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.9%) each year. All expenses for the organization totaled $6.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Next Gen Personal Finance has awarded 207 individual grants totaling $1,792,122. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO REVOLUTIONIZE THE TEACHING OF PERSONAL FINANCE IN ALL SCHOOLS IN ORDER TO IMPROVE THE FINANCIAL LIVES OF THE NEXT GENERATION OF AMERICANS. AS OF 2022, NGPF'S CURRICULUM AND PROFESSIONAL DEVELOPMENT EXTENDS TO 67,000 MIDDLE AND HIGH SCHOOL TEACHERS REACHING MORE THAN 3 MILLION STUDENTS. DISCRETIONARY GRANTS ARE GIVEN TO ORGANIZATIONS WITH SIMILAR MISSIONS TO NEXT GEN PERSONAL FINANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Endlich Co-Founder | 40 | $257,065 | |
Brian Page Sr Dir Of Partners & | 40 | $181,717 | |
Yanely Espinal Director Of Educatio | 40 | $169,598 | |
Christine Yoo Director Of Operatio | 40 | $153,689 | |
Christian Sherill Director Of Bus Dev | 40 | $138,765 | |
David Weill Treasurer | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mckinney | 12/30/21 | $50,000 |
Jump Kick Llc | 12/30/21 | $74,790 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,395,325 |
| Interest on Savings | $0 |
| Dividends & Interest | $372,834 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $451,844 |
| Capital Gain Net Income | $2,688,785 |
| Net ST Capital Gain | $653 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,220,003 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $2,123,858 |
| Pension plans, employee benefits | $129,045 |
| Interest | $0 |
| Taxes | $177,026 |
| Depreciation | $4,963 |
| Occupancy | $214,133 |
| Travel, conferences, and meetings | $12,248 |
| Printing and publications | $695 |
| Other expenses | $1,988,555 |
| Total operating and administrative expenses | $5,324,027 |
| Contributions, gifts, grants paid | $633,074 |
| Total expenses and disbursements | $5,957,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $945,431 |
| Savings and temporary cash investments | $10,396,551 |
| 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 | $85,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $77,403 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $655,154 |
| Net Land, buildings, and equipment | $16,232 |
| Other assets | $0 |
| Total assets | $36,239,691 |
| Accounts payable and accrued expenses | $230,117 |
| 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 | $35,642 |
| Total liabilities | $265,759 |
Grants Awarded
Over the last fiscal year, Next Gen Personal Finance has awarded $633,074 in support to 98 organizations.
| Grant Recipient | Amount |
|---|---|
DONORSCHOOSEORG PURPOSE: TO PROVIDE A CREDIT TO TEACHERS FOR CLASSROOM SUPPLIES | $100,000 |
SCHOOL BOARD OF MIAMI-DADE COUNTY PURPOSE: FEE GRANT | $77,570 |
MILWAUKEE PUBLIC SCHOOLS PURPOSE: FEE GRANT | $57,150 |
PUBLIC EDUCATION FOUNDATION PURPOSE: FEE GRANT | $40,000 |
MAINE TOWNSHIP HIGH SCHOOL DISTRICT 207 PURPOSE: GOLD STANDARD CHALLENGE | $30,000 |
CHARLOTTE-MECKLENBERG SCHOOLS PURPOSE: GOLD STANDARD CHALLENGE | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Next Gen Personal Finance has recieved totaling $500,000.
| Awarding Organization | Amount |
|---|---|
Vanguard Charitable Endowment Program Southeastern, PA PURPOSE: FOR RECIPIENT'S EXEMPT PURPOSE | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Child Resource Exchange Institute Berkeley, CA | $4,202,365 | $16,133,767 |
Knowledge Education For Your Success San Bernardino, CA | $1,154,286 | $8,622,832 |
Community Resources For Children Napa, CA | $1,677,939 | $6,633,803 |
Next Gen Personal Finance Palo Alto, CA | $36,239,691 | $8,220,003 |
Infant Child Enrichment Services Inc Sonora, CA | $1,207,803 | $3,683,721 |
Tides Inc San Francisco, CA | $9,808,534 | $3,614,267 |
Northwest Childrens Outreach Lake Oswego, OR | $606,780 | $3,362,921 |
Freed Center For Independent Living Grass Valley, CA | $838,628 | $2,643,537 |
National Chavez Center Keene, CA | $4,798,534 | $1,456,662 |
Trudy Mandel Louis Charitable Tr Los Angeles, CA | $0 | $973,122 |
Brides Foundation Portland, OR | $1,942,953 | $1,896,434 |
Carpe Diem Foundation Inc Tigard, OR | $12,178,920 | $3,534,067 |