Gen Next FY2020 filing

Not tax-deductible

Irvine, CA501(c)(4)Human Services EIN 26-2522432Revenue $3.7M in FY2020

On file with the IRSgennext.org2646 Dupont Dr Ste 60 Pmb 507, 92612-7651 · Irvine, CATax-exempt since Jun 2009

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An organization of successful individuals dedicated to learning about and becoming engaged with the most pressing challenges facing future generations.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
87¢ of each $1 spent went to programs.
$821K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $108K a year · 3% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$821K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $547K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.5M
212% of total assets
Concern: liabilities are 212% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.7M
Spent
$3.4M
To programs
87%
Net assets
−$1.3M
By yearFY2020–FY2024
Revenue
$3.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.7M
FY2021$3.8M
FY2022$3.8M
FY2023$2.6M
FY2024$2.3M
Expenses
$3.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.4M
FY2021$4.0M
FY2022$3.4M
FY2023$2.6M
FY2024$2.3M
Net assets
−$1.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$1.3M
FY2021−$1.6M
FY2022−$1.2M
FY2023−$1.2M
FY2024−$937K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $3.0M Management & general 13% · $459K

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

13 people listed on the 990; $821K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Member Officer
$185,641Pt VII · Sec A
Chief Communications Offic
$185,000Pt VII · Sec A
Regional Director, NY
$114,061Pt VII · Sec A
Director of Finance
$109,268Pt VII · Sec A
Head of Team Empowerment
$104,803Pt VII · Sec A
Regional Director, La
$100,560Pt VII · Sec A
$21,759Pt VII · Sec A
$0Pt VII · Sec A

Kayt Pritts’s $200K as VP Marketing/ Officer is at the 90th percentile of top reported officer pay among 3868 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Carl Seletz——$219,423——
Kayt Pritts$200,000$172,820———
Aurelia Pollet———$200,000$185,641
Jenielle Alonso—$159,126$185,000$185,000—
Jennielle Alonso————$185,000
Kim Deallen——$135,833$142,000$104,803
Carlos Alfaro$120,000$120,000———
Theodore Hennes III——$118,333——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers successful individuals to learn about and address future generations' pressing challenges.

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Provided by the organization

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3 programs · $3.0M · in their own filed words · FY2020
01

The membership program is dedicated to teaching successful individuals on how to become more engaged with the most pressing challenges facing future generations. The areas of focus for the organization are education, economic growth, and global security.

$2.9Mprogram expense
02

Washington, DC and regional program is an opportunity for members to meet with public officials, heads of think tanks, state legislatures, and more to discuss issues that are relevant to furthering the mission of gen next and its members.

$26Kprogram expense
03

International program is designed to expose american leaders and entrepreneurs to leadership in various parts of the world. Given COVID-19 restrictions, the organization was unable to travel during fiscal year 2020.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$547K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.7M
Ln 12
Fees for servicesLn 2g$3.7M
Investment incomeLn 3$1K
Money outPt IX
$3.4M
Ln 25
Programscol B$3.0M
Managementcol C$459K
Owns and owesPt X
−$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$903K
Total assetsLn 16$1.2M
LiabilitiesLn 26$2.5M
PeoplePt VI, VII
13
listed · VII A
PaidVII A7
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$3.7M
Investment incomeLn 3$1K
Total revenueLn 12$3.7M
Assets in detailPt X, end of year
CashLn 1$101K
SavingsLn 2$802K
Cash and savings togetherLn 1–2$903K
Land, buildings, equipmentLn 10c$70K
Other assetsLn 15$88K
Total assetsLn 16$1.2M
LiabilitiesLn 26$2.5M
Net assetsLn 32−$1.3M
OperationsPt I, VI
EmployeesI 537
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$450K$903K
Land, buildings, equipmentLn 10c$115K$70K
Total assetsLn 16$815K$1.2M
LiabilitiesLn 26$2.4M$2.5M
Net assetsLn 32−$1.6M−$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$859K$700K$160K
Other salaries and wagesLn 7$905K$789K$116K
Other employee benefitsLn 9$77K$65K$11K
Payroll taxesLn 10$131K$109K$22K
Management feesLn 11a$264K$251K$13K
Legal feesLn 11b$850$850
Accounting feesLn 11c$35K$23K$12K
Other fees for servicesLn 11g$351K$319K$32K
Advertising and promotionLn 12$36K$36K
Office expensesLn 13$20K$13K$7K
Information technologyLn 14$60K$45K$15K
OccupancyLn 16$121K$91K$30K
TravelLn 17$6K$6K
Conferences, conventions and meetingsLn 19$387K$387K
Depreciation, depletion and amortizationLn 22$52K$39K$13K
InsuranceLn 23$20K$15K$5K
Other expenses (24a–d)Ln 24$94K$73K$21K
All other expensesLn 24e$7K$7K$385
Total functional expensesLn 25$3.4M$3.0M$459K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.3M$2.3M$66K−$937K 990 PDF
FY2023 $2.6M$2.6M$55K−$1.2M 990 PDF
FY2022 $3.8M$3.4M$434K−$1.2M 990 PDF
FY2021 $3.8M$4.0M−$284K−$1.6M 990 PDF
FY2020 Viewing $3.7M$3.4M$269K−$1.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $3,694,694 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $4,002,773$3,693,346
I-10 Investment incomePrior year $581$1,348
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $4,003,354$3,694,694
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,523,597$1,971,703
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,588,395$1,454,108
I-18 Total expensesPrior year $4,111,992$3,425,811
I-19 Revenue less expensesPrior year −$108,638$268,883
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,694,694 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,693,346$3,693,346
VIII-3 Investment incomeExcluded from tax $1,348$1,348
VIII-12 Total revenueRelated to mission $3,693,346 · Unrelated business $0 · Excluded from tax $1,348$3,694,694
Part IX · Statement of functional expenses $3,425,811 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $699,543 · Management $159,580$859,123
IX-7 Other salaries and wagesPrograms $789,470 · Management $115,861$905,331
IX-9 Other employee benefitsPrograms $65,153 · Management $11,466$76,619
IX-10 Payroll taxesPrograms $109,013 · Management $21,617$130,630
IX-11a Management feesPrograms $251,275 · Management $13,225$264,500
IX-11b Legal feesManagement $850$850
IX-11c Accounting feesPrograms $22,949 · Management $12,095$35,044
IX-11g Other fees for servicesPrograms $319,147 · Management $32,174$351,321
IX-12 Advertising and promotionPrograms $35,906$35,906
IX-13 Office expensesPrograms $12,978 · Management $6,889$19,867
IX-14 Information technologyPrograms $45,065 · Management $15,021$60,086
IX-16 OccupancyPrograms $90,563 · Management $30,188$120,751
IX-17 TravelPrograms $5,982$5,982
IX-19 Conferences, conventions and meetingsPrograms $386,791$386,791
IX-22 Depreciation, depletion and amortizationPrograms $38,742 · Management $12,914$51,656
IX-23 InsurancePrograms $15,221 · Management $5,074$20,295
IX-24 Other expenses (24a–d)Programs $72,710 · Management $21,435$94,145
IX-24e All other expensesPrograms $6,529 · Management $385$6,914
IX-25 Total functional expensesPrograms $2,967,037 · Management $458,774 · Fundraising $0$3,425,811
Part X · Balance sheet $1,175,628 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $160,768$100,980
X-2 Savings and temporary cash investmentsStart of year $289,593$802,292
X-4 Accounts receivableStart of year $216,603$99,578
X-9 Prepaid expenses and deferred chargesStart of year $10,000$15,500
X-10c Land, buildings and equipment, netStart of year $114,922$69,724
X-15 Other assetsStart of year $22,997$87,554
X-16 Total assetsStart of year $814,883$1,175,628
X-17 Accounts payable and accrued expensesStart of year $107,271$149,913
X-19 Deferred revenueStart of year $2,071,732$2,236,494
X-25 Other liabilitiesStart of year $264,174$103,186
X-26 Total liabilitiesStart of year $2,443,177$2,489,593
X-27 Net assets without donor restrictionsStart of year −$1,628,294−$1,313,965
X-32 Total net assets or fund balancesStart of year −$1,628,294−$1,313,965
X-33 Total liabilities and net assetsStart of year $814,883$1,175,628
Part XI · Reconciliation of net assets −$1,313,965 net assets at year end
XI-1 Total revenue$3,694,694
XI-2 Total expenses$3,425,811
XI-3 Revenue less expenses$268,883
XI-4 Net assets at start of year−$1,628,294
XI-8 Prior period adjustments$45,447
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$1,313,965

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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