Next Generation Ministries EIN 20-8802094

Next Generation Ministries

EIN  20-8802094 Religious organization Lexington, SC Founded 2007
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Shares Christ's love in Haiti by meeting needs and fostering growth for children and communities.
Leadership
Chris Walkup · Board Member
Money in and out
$432K revenue, $698K expenses
Bottom line
84% program efficiency

Shares Christ's love in Haiti by meeting needs and fostering growth for children and communities. For fiscal year 2025 it reported $432K in revenue, $698K in expenses, and $762K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$432K
Pt VIII · Ln 12
Total expenses
$698K
Pt IX · Ln 25
Net assets
$762K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$267K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.13 Fundraising $0.03
Program efficiency
84%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
13.1mo
months of highly liquid reserves at operating expense rate▼ -17% vs prior filing year
Surplus margin
-62%
revenue over expenses, this year▼ -3481% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$432K
FY2025▼ -49%
Expenses
$698K
FY2025▼ -16%
Total assets
$762K
FY2025▼ -26%
Total liabilities
$0
FY2025
Total revenue
$432K
Pt VIII · Ln 12
Total expenses
$698K
Pt IX · Ln 25
Net assets
$762K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$267K
Total assetsPt X · Ln 16$762K
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 41
Mission & Programs · Part III

Where the work happens

3 program services account for $588K of program spending, described in the organization's own filed words · FY2025.
01

During the past year, the organization advanced its mission to engage, equip, and encourage growth-oriented nonprofit organizations by providing training, coaching, and strategic support to strengthen operational and fundraising capacity.

$329Kprogram expense
02

Mcguinn homes foundation adopted "lives impacted" as a primary output measure to more effectively capture the collective impact of the foundation and the nonprofit organizations it supports.

$205Kprogram expense
03

In 2025, next generation ministries conducted a comprehensive evaluation of its haiti scholarship program in response to ongoing national instability and its impact on the education system, including inconsistent academic schedules and limited institutional accountability.

$54Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNext Generation Ministries
EINHdr · item D20-8802094
Principal addressHdr · item CLexington, SC
WebsiteHdr · item Jmcguinnhomesfoundation.com
Year of formationHdr · item L2007
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q33)
Ruling yearIRS BMFAug 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b1
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A
See Next Generation Ministries executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$358K · 83%
Investment income$74K · 17%
Contributions & grants83%$358K
Investment income17%$74K
Total revenueLn 12$432K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.13 Fundraising $0.03
Program services84%$588K
Management & general13%$92K
Fundraising3%$19K
Total functional expensesLn 25$698K

Balance Sheet

Part X · end of year
CashLn 1$762K
Total assetsLn 16$762K
Total liabilitiesLn 26$0
Total net assetsLn 32$762K
Months of cash on handcomputed13.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $762K · Operating expenses/yr $698K
13.1 months
Where the money goes
Program services
Program services $588K · Total expenses $698K
84%
Management & General
Management & general $92K · Total expenses $698K
13%
Fundraising
Fundraising $19K · Total expenses $698K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $19K · Solicited contributions (3-yr avg) $626K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $358K · Total revenue $432K
83%
Government reliance
Government grants — · Total revenue $432K
Earned-income share
Program service revenue $0 · Total revenue $432K
0%
Investment reliance
Investment income $74K · Total revenue $432K
+17%
Program self-sufficiency
Program service revenue $0 · Total expenses $698K
0%
Growth & trend
Revenue growth (YoY)
This year $432K · Prior year $848K
-49%
Revenue CAGR
FY2020 $223K · FY2025 $432K
+14%
Net-asset trend (YoY)
End of year $762K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $432K · Expenses $698K
-62%
Liabilities-to-Assets
Total liabilities — · Total assets $762K
Net-asset ratio
Net assets $762K · Total assets $762K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $762K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Chris Walkup · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $698K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $698K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 13%
Fundraising cost ratio 5%
Revenue growth -49%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 2 funders$34K
Grants paid · 28 grants · $999K · 2020–2025
Unitemized GrantFY2025$54,498
Sea Place INCSC · FY2025$50,000
Original DesignSC · FY2025$50,000
Good Samaritan Auto CareSC · FY2025$42,000
Mission IncreaseOR · FY2025$25,000
Young LifeCO · FY2025$10,000
Ukranian HubsTX · FY2024$88,600
Jeremie RisingFY2024$77,795
Unitemized GrantFY2024$77,564
Good Samaritan Auto CareSC · FY2024$22,000
Sea Place INCSC · FY2024$21,772
City Lights MinistryNC · FY2024$20,000
Young LifeCO · FY2024$10,000
See all 28 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$432K revenue · viewing · ⤓ 990 PDF
FY2024$848K revenue · ⤓ 990 PDF
FY2023$743K revenue · ⤓ 990 PDF
FY2022$224K revenue · ⤓ 990 PDF
FY2021$1.4M revenue · ⤓ 990 PDF
FY2020$223K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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