Next Generation Impact Foundation EIN 83-3560708

Next Generation Impact Foundation FY2023 filing

EIN  83-3560708 Public charity (501(c)(3)) Ada, OK
Form 990 (PDF)
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Size
$100K–1M
What they do
Equipping people to share faith and values with young people.
Leadership
Ron Tant · President · $67K
Money in and out
$280K revenue, $341K expenses
Bottom line
85% program efficiency

Equipping people to share faith and values with young people. For fiscal year 2023 it reported $280K in revenue, $341K in expenses, and $64K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$280K
Pt VIII · Ln 12
Total expenses
$341K
Pt IX · Ln 25
Net assets
$64K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$60K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.14 Fundraising $0.01
Program efficiency
85%
of spending reaches programs
Operating runway
2.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-22%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$280K
FY2023▼ -25%
Expenses
$341K
FY2023▲ +14%
Total assets
$64K
FY2023▼ -49%
Total liabilities
$0
FY2023
Total revenue
$280K
Pt VIII · Ln 12
Total expenses
$341K
Pt IX · Ln 25
Net assets
$64K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$60K
Total assetsPt X · Ln 16$64K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $290K of program spending, described in the organization's own filed words · FY2023.
01

Next Generation IMPACT is a church-strengthening ministry which exists to partner with God's people to see young people come to accept and live for Christ and share and defend their faith.

$290Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNext Generation Impact Foundation
EINHdr · item D83-3560708
Principal addressHdr · item CAda, OK
WebsiteHdr · item Jnextgenerationimpact.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOK
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFFeb 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$67,000Pt VII · Sec A
Vice-President
$54,750Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Ron Tant’s $68K as President is at the 59th percentile of top reported officer pay among 2165 $100K–1M 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Ron Tant$68,333$67,000$50,957$31,700
Barry Williams$50,000$54,750$41,318$30,700
Richard Summerford$24,000

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 & grants100%$280K
Total revenueLn 12$280K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.14 Fundraising $0.01
Program services85%$290K
Management & general14%$49K
Fundraising1%$2K
Total functional expensesLn 25$341K

Balance Sheet

Part X · end of year
CashLn 1$64K
Total assetsLn 16$64K
Total liabilitiesLn 26$0
Total net assetsLn 32$64K
Months of cash on handcomputed2.2

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $64K · Operating expenses/yr $341K
2.2 months
Where the money goes
Program services
Program services $290K · Total expenses $341K
85%
Management & General
Management & general $49K · Total expenses $341K
14%
Fundraising
Fundraising $2K · Total expenses $341K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $1K · Solicited contributions (3-yr avg) $290K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $280K · Total revenue $280K
100%
Government reliance
Government grants — · Total revenue $280K
Earned-income share
Program service revenue $0 · Total revenue $280K
0%
Investment reliance
Investment income $0 · Total revenue $280K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $341K
0%
Growth & trend
Revenue growth (YoY)
This year $280K · Prior year $373K
-25%
Net-asset trend (YoY)
End of year $64K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $280K · Expenses $341K
-22%
Liabilities-to-Assets
Total liabilities — · Total assets $64K
Net-asset ratio
Net assets $64K · Total assets $64K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $64K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Ron Tant · Reported title President · Highest reported compensation $67K · Total expenses $341K
20%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $289K · Total expenses $341K
85%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 14%
Fundraising cost ratio 1%
Revenue growth -25%
Legal fee ratio 1%
Accounting fee ratio 2%

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 · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$10K

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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)$302K revenue · ⤓ 990 PDF
FY2023$280K revenue · viewing · ⤓ 990 PDF
FY2022$373K revenue · ⤓ 990 PDF
FY2021$220K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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