Nextgen Network INC EIN 36-4344785

Nextgen Network INC

EIN  36-4344785 Public charity (501(c)(3)) Oxon Hill, MD Founded 1999
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Connects minority professionals with career development, service, and community.
Leadership
Money in and out
$654K revenue, $1.1M expenses
Bottom line
98% program efficiency

Connects minority professionals with career development, service, and community. For fiscal year 2025 it reported $654K in revenue, $1.1M in expenses, and $-17K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$654K
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$-17K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$487K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs0% vs prior filing year
Operating runway
0.4mo
months of highly liquid reserves at operating expense rate▼ -56% vs prior filing year
Surplus margin
-74%
revenue over expenses, this year▼ -643% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$654K
FY2025▼ -47%
Expenses
$1.1M
FY2025▼ -16%
Total assets
$40K
FY2025▼ -92%
Total liabilities
$57K
FY2025▲ +81%
Total revenue
$654K
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$-17K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$487K
Total assetsPt X · Ln 16$40K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $1.1M of program spending, described in the organization's own filed words · FY2025.
01

Career and professional development, community service opportunities, and points of origin connectivity for african american and other minority professionals.

$1.1Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNextgen Network INC
EINHdr · item D36-4344785
Principal addressHdr · item COxon Hill, MD
WebsiteHdr · item Jwww.nextgennetwork.com
Year of formationHdr · item L1999
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFApr 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$458K · 70%
Program service revenue$196K · 30%
Contributions & grants70%$458K
Program service revenue30%$196K
Investment income$37
Total revenueLn 12$654K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$1.1M
Management & general2%$25K
Total functional expensesLn 25$1.1M

Balance Sheet

Part X · end of year
CashLn 1$40K
Total assetsLn 16$40K
Total liabilitiesLn 26$57K
Total net assetsLn 32$-17K
Months of cash on handcomputed0.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $40K · Operating expenses/yr $1.1M
0.4 months
Where the money goes
Program services
Program services $1.1M · Total expenses $1.1M
98%
Management & General
Management & general $25K · Total expenses $1.1M
2%
Fundraising
Fundraising $0 · Total expenses $1.1M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $821K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $458K · Total revenue $654K
70%
Government reliance
Government grants — · Total revenue $654K
Earned-income share
Program service revenue $196K · Total revenue $654K
30%
Investment reliance
Investment income $37 · Total revenue $654K
0%
Program self-sufficiency
Program service revenue $196K · Total expenses $1.1M
17%
Growth & trend
Revenue growth (YoY)
This year $654K · Prior year $1.2M
-47%
Revenue CAGR
FY2020 $895K · FY2025 $654K
-6%
Net-asset trend (YoY)
End of year $-17K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $654K · Expenses $1.1M
-74%
Liabilities-to-Assets
Total liabilities — · Total assets $40K
Net-asset ratio
Net assets $-17K · Total assets $40K
-41%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $40K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Michelle Greene · Reported title PRES · Highest reported compensation $0 · Total expenses $1.1M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $1.1M
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Revenue growth -47%

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.

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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)$654K revenue · viewing · ⤓ 990 PDF
FY2024$1.2M revenue · ⤓ 990 PDF
FY2023$1.4M revenue · ⤓ 990 PDF
FY2022$1.4M revenue · ⤓ 990 PDF
FY2021$827K revenue · ⤓ 990 PDF
FY2020$895K 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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