Nextgen Co-Op Alliance FY2021 filing

Austin, TXUnknown exempt organizationEIN 86-3698263Revenue $375K in FY2021

On file with the IRSnextgencoopalliance.com611 S Congress Avenue · Austin, TX

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To advance principled policies and practices that enable distribution Co-ops to take advantage of new and emerging power resources now and into the future.

Mission: Form 990 Part I, line 1

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
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
2 of 3
filings with a surplus
Average deficit $24K a year · 12% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
7 mo
of spending, in cash
Looks good: 6.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$11K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$375K
Spent
$244K
To programs
0%
Net assets
$131K
By yearFY2021–FY2024
Revenue
$375K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$375K
FY2022$135K
FY2023$108K
FY2024$78K
Expenses
$244K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$244K
FY2022$370K
FY2023$77K
FY2024Not on file
Net assets
$131K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$131K
FY2022$17K
FY2023$48K
FY2024Not on file

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Nextgen Co-Op Alliance executive salaries →

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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 15aNo

Programs and updates

Helps co-ops use new and future power resources through smart policies.

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Provided by the organization

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1 program · in their own filed words · FY2021
01

Nextgen co-op alliance dedicated itself to providing a collective advocacy voice, educational tools and networking opportunities to all distribution co-ops seeking more autonomy and control over their power supply.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$375K
Ln 12
Gifts and grantsLn 1h$375K
Money outPt IX
$244K
Ln 25
Owns and owesPt X
$131K
net assets · Ln 32
Cash and savingsLn 1–2$138K
Total assetsLn 16$142K
LiabilitiesLn 26$11K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$375K
Total revenueLn 12$375K
Assets in detailPt X, end of year
CashLn 1$137K
SavingsLn 2$963
Cash and savings togetherLn 1–2$138K
Total assetsLn 16$142K
LiabilitiesLn 26$11K
Net assetsLn 32$131K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$138K
Total assetsLn 16$0$142K
LiabilitiesLn 26$0$11K
Net assetsLn 32$0$131K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$200K$0$0$0
Legal feesLn 11b$10K$0$0$0
Accounting feesLn 11c$2K$0$0$0
Other fees for servicesLn 11g$20K$0$0$0
Office expensesLn 13$2K$0$0$0
TravelLn 17$2K$0$0$0
Conferences, conventions and meetingsLn 19$5K$0$0$0
InsuranceLn 23$2K$0$0$0
Total functional expensesLn 25$244K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $78K 990 PDF
FY2023 $108K$77K$31K$48K 990 PDF
FY2022 $135K$370K−$234K$17K 990 PDF
FY2021 Viewing $375K$244K$131K$131K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $375,000 revenue, 12 lines filed
I-8 Contributions and grants$375,000
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$375,000
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$244,021
I-18 Total expenses$244,021
I-19 Revenue less expenses$130,979
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $375,000 across 4 lines filed
VIII-1f All other contributions, gifts and grants$375,000
VIII-1h Total contributions, gifts and grants$375,000
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$375,000
Part IX · Statement of functional expenses $244,021 across 8 lines filed
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$200,000
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$10,352
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$2,460
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$20,489
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$1,675
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$2,474
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$4,661
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$1,910
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$244,021
Part X · Balance sheet $142,047 assets, 9 lines filed
X-1 Cash, non-interest-bearing$137,153
X-2 Savings and temporary cash investments$963
X-9 Prepaid expenses and deferred charges$3,931
X-16 Total assetsStart of year $0$142,047
X-17 Accounts payable and accrued expenses$11,068
X-26 Total liabilitiesStart of year $0$11,068
X-27 Net assets without donor restrictions$130,979
X-32 Total net assets or fund balancesStart of year $0$130,979
X-33 Total liabilities and net assetsStart of year $0$142,047
Part XI · Reconciliation of net assets $130,979 net assets at year end
XI-1 Total revenue$375,000
XI-2 Total expenses$244,021
XI-3 Revenue less expenses$130,979
XI-10 Net assets at end of year$130,979

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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