Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1997.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
89 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
17 people listed on the 990.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Helps innovative technology and optics-enabled startups launch and grow through global accelerator programs, business competitions, and direct investment.
Questions for Nextcorps INC
Your first name shows with your question. Nextcorps INC answers here, for everyone.
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This group of programs is accelerating our region's transformation into a top tech hub in america by connecting entrepreneurs and businesses with the support they need to grow, including experts, capital, customers, and vetted partners and suppliers.
The mep center at nextcorps connects printer, food and beverage, or production-related companies located in rochester and the finger lakes region to local and national resources to help them improve their competitiveness and growth.
A global accelerator program, competition, and investment mechanism that improves the investment readiness and commercialization trajectory of startups that are developing deep tech enabled by optics, photonics, or imaging.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $9.2M | $9.0M |
| InvestmentsLn 11–13 | $19.3M | $21.3M |
| Land, buildings, equipmentLn 10c | $9.9M | $11.7M |
| Total assetsLn 16 | $40.6M | $44.8M |
| LiabilitiesLn 26 | $7.2M | $8.3M |
| Net assetsLn 32 | $33.4M | $36.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $680K | $680K | ||
| Grants to domestic individualsLn 2 | $77K | $77K | ||
| Grants and assistance to foreign recipientsLn 3 | $70K | $70K | ||
| Other salaries and wagesLn 7 | $3.4M | $2.7M | $680K | |
| Pension plan contributionsLn 8 | $125K | $99K | $26K | |
| Other employee benefitsLn 9 | $381K | $300K | $81K | |
| Payroll taxesLn 10 | $282K | $228K | $53K | |
| Legal feesLn 11b | $7K | $7K | ||
| Accounting feesLn 11c | $34K | $32K | $3K | |
| Other fees for servicesLn 11g | $42K | $34K | $8K | |
| Advertising and promotionLn 12 | $479K | $464K | $15K | |
| Office expensesLn 13 | $32K | $31K | $2K | |
| Information technologyLn 14 | $15K | $4K | $11K | |
| OccupancyLn 16 | $185K | $171K | $14K | |
| TravelLn 17 | $148K | $146K | $2K | |
| Conferences, conventions and meetingsLn 19 | $166K | $158K | $8K | |
| Depreciation, depletion and amortizationLn 22 | $432K | $423K | $9K | |
| InsuranceLn 23 | $46K | $45K | $916 | |
| Other expenses (24a–d)Ln 24 | $3.4M | $3.2M | $183K | |
| All other expensesLn 24e | $34K | $29K | $5K | |
| Total functional expensesLn 25 | $10.0M | $8.9M | $1.1M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $13.2M | $10.0M | $3.2M | $36.5M | 990 PDF |
| FY2024 | $13.6M | $11.2M | $2.4M | $33.4M | 990 PDF |
| FY2023 | $14.7M | $12.0M | $2.6M | $31.0M | 990 PDF |
| FY2022 | $13.0M | $9.9M | $3.1M | $28.3M | 990 PDF |
| FY2021 | $13.6M | $9.5M | $4.1M | $25.3M | 990 PDF |
| FY2020 | $10.2M | $8.3M | $2.0M | $21.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $13,201,479 revenue, 12 lines filed
Part VI · Governance 12 of 13 board members independent, 1 to look at
Part VIII · Statement of revenue $13,201,479 across 8 lines filed
Part IX · Statement of functional expenses $10,041,666 across 20 lines filed
Part X · Balance sheet $44,800,835 assets, 16 lines filed
Part XI · Reconciliation of net assets $36,547,516 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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