Nextgen Network INC EIN 36-4344785 Form 990 (PDF) Claim this org

Nextgen Network INC FY2020 filing

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Connects minority professionals with career development, service, and community. For fiscal year 2020 it reported $895K in revenue, $535K in expenses, and $454K in net assets.Pt I

Founded
1999
Type
Public charity (501(c)(3)) · Education
Location
Oxon Hill, MD
Website
www.nextgennetwork.com
Filings
6 on file (2020–2020)
Revenue
$895KFY2020
Expenses
$535K
Net assets
$454K
People
13
Filings
6
Updates
0
More identity details & actions ⌄
EIN  36-4344785 Public charity (501(c)(3)) Oxon Hill, MD Founded 1999
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Connects minority professionals with career development, service, and community.
Leadership
Money in and out
$895K revenue, $535K expenses
Bottom line
96% program efficiency
Where the money goes · FY2020
Total revenue
$895K
Pt VIII · Ln 12
Total expenses
$535K
Pt IX · Ln 25
Net assets
$454K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $360K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs
Operating runway
5.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+40%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$895K
FY2020
Expenses
$535K
FY2020
Total assets
$457K
FY2020
Total liabilities
$3K
FY2020
Total revenue
$895K
Pt VIII · Ln 12
Total expenses
$535K
Pt IX · Ln 25
Net assets
$454K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$360K
Total assetsPt X · Ln 16$457K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

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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Mission & Programs · Part III

Where the work happens

1 program service account for $515K of program spending, described in the organization's own filed words · FY2020.
01

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

$515Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$696K · 78%
Program service revenue$199K · 22%
Contributions & grants78%$696K
Program service revenue22%$199K
Investment income$12
Total revenueLn 12$895K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$515K
Management & general4%$21K
Total functional expensesLn 25$535K

Balance Sheet

Part X · end of year
CashLn 1$242K
Total assetsLn 16$457K
Total liabilitiesLn 26$3K
Total net assetsLn 32$454K
Months of cash on handcomputed5.4

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $242K · Operating expenses/yr $535K
5.4 months
Where the money goes
Program services
Program services $515K · Total expenses $535K
96%
Management & General
Management & general $21K · Total expenses $535K
4%
Fundraising
Fundraising $0 · Total expenses $535K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $696K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $696K · Total revenue $895K
78%
Government reliance
Government grants — · Total revenue $895K
Earned-income share
Program service revenue $199K · Total revenue $895K
22%
Investment reliance
Investment income $12 · Total revenue $895K
<0.01%
Program self-sufficiency
Program service revenue $199K · Total expenses $535K
37%
Growth & trend
Revenue growth (YoY)
This year $895K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $454K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $895K · Expenses $535K
+40%
Liabilities-to-Assets
Total liabilities — · Total assets $457K
Net-asset ratio
Net assets $454K · Total assets $457K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $457K
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 $535K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $535K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Fundraising cost ratio 0%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%

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 · ⤓ 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 · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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