Tuskegee Next Foundation EIN 47-3907004

Tuskegee Next Foundation

EIN  47-3907004 Public charity (501(c)(3)) Wheaton, IL
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Transforms at-risk youth lives through aviation education and career opportunities.
Leadership
Pat Brady · Director
Money in and out
$843K revenue, $778K expenses
Bottom line
59% program efficiency

Transforms at-risk youth lives through aviation education and career opportunities. For fiscal year 2024 it reported $843K in revenue, $778K in expenses, and $200K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$843K
Pt VIII · Ln 12
Total expenses
$778K
Pt IX · Ln 25
Net assets
$200K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $64K
Where spending went · Part IX cols B–D
Program services $0.59 Management & general $0.33 Fundraising $0.09
Program efficiency
59%
of spending reaches programs▼ -10% vs prior filing year
Operating runway
3.5mo
months of highly liquid reserves at operating expense rate▲ +25% vs prior filing year
Surplus margin
+8%
revenue over expenses, this year▼ -32% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$843K
FY2024▲ +34%
Expenses
$778K
FY2024▲ +40%
Total assets
$243K
FY20240%
Total liabilities
$43K
FY2024▼ -60%
Total revenue
$843K
Pt VIII · Ln 12
Total expenses
$778K
Pt IX · Ln 25
Net assets
$200K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$64K
Total assetsPt X · Ln 16$243K
Program-expense ratioPt IX · col B59%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417
Mission & Programs · Part III

Where the work happens

1 program service account for $457K of program spending, described in the organization's own filed words · FY2023.
01

Honoring the legacy of the tuskegee airmen, tuskegee next seeks to transform the lives of under-represented youth through aviation education and career path opportunities, so they can transform their communities.

$457Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTuskegee Next Foundation
EINHdr · item D47-3907004
Principal addressHdr · item CWheaton, IL
WebsiteHdr · item Jwww.tuskegeenext.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFSep 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b17
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 · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A

Dominique Scott’s $80K as Executive Director is at the 72nd percentile of top reported officer pay among 1985 $100K–1M youth development 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 · 1 named individual · Part VII

NameFY2022FY2021
Dominique Scott$80,000$60,000

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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Statement of Revenue

Part VIII
Contributions & grants110%$931K
Investment income$3K
Total revenueLn 12$843K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.59 Management & general $0.33 Fundraising $0.09
Program services59%$457K
Management & general33%$253K
Fundraising9%$68K
Total functional expensesLn 25$778K

Balance Sheet

Part X · end of year
CashLn 1$146K
Total assetsLn 16$243K
Total liabilitiesLn 26$43K
Total net assetsLn 32$200K
Months of cash on handcomputed2.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $230K · Operating expenses/yr $778K
3.5 months
Where the money goes
Program services
Program services $457K · Total expenses $778K
59%
Management & General
Management & general $253K · Total expenses $778K
33%
Fundraising
Fundraising $68K · Total expenses $778K
9%
Cost to raise $1
Fundraising expense (3-yr avg) $60K · Solicited contributions (3-yr avg) $692K
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $931K · Total revenue $843K
110%
Government reliance
Government grants — · Total revenue $843K
Earned-income share
Program service revenue $0 · Total revenue $843K
0%
Investment reliance
Investment income $3K · Total revenue $843K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $778K
0%
Growth & trend
Revenue growth (YoY)
This year $843K · Prior year $628K
+34%
Revenue CAGR
FY2019 $158K · FY2023 $843K
+52%
Net-asset trend (YoY)
End of year $200K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $843K · Expenses $778K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $243K
Net-asset ratio
Net assets $200K · Total assets $243K
82%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $84K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $243K
34%
People & payroll
Highest Reported Total Compensation
Individual Pat Brady · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $778K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $105K · Total expenses $778K
14%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 59%
Overhead ratio 33%
Fundraising cost ratio 7%
Revenue growth 34%
Investment management fee ratio 0%
Accounting fee ratio 4%

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 · FY2024
See all 7 funders →
Grants paid · 6 grants · $39K · 2020–2022
Unitemized GrantFY2022$5,961
Unitemized GrantFY2022$1,000
Unitemized GrantFY2021$8,570
Unitemized GrantFY2021$2,406
Unitemized GrantFY2020$16,250
Unitemized GrantFY2020$5,000

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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
FY2024 (Latest)$843K revenue · viewing · ⤓ 990 PDF
FY2023$628K revenue · ⤓ 990 PDF
FY2022$411K revenue · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$158K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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