Nextgen Co-Op Alliance FY2023 filing

Austin, TXUnknown exempt organizationEIN 86-3698263Revenue $108K in FY2023

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

Before you give

FY2023 · 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
Cash reserves
7 mo
of spending, in cash
Looks good: 6.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$796
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$108K
-21% vs prior year
Spent
$77K
To programs
0%
Net assets
$48K
By yearFY2021–FY2024
Revenue
$108K
FY2023▼ -21%
Tap a bar for its year
Revenue by fiscal year
FY2021$375K
FY2022$135K
FY2023$108K
FY2024$78K
Expenses
$77K
FY2023▼ -79%
Tap a bar for its year
Expenses by fiscal year
FY2021$244K
FY2022$370K
FY2023$77K
FY2024Not on file
Net assets
$48K
FY2023▲ +177%
Tap a bar for its year
Net assets by fiscal year
FY2021$131K
FY2022$17K
FY2023$48K
FY2024Not on file

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

8 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
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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1 program · in their own filed words · FY2023
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 FY2023 990, line by line.

1The main four
Money inPt VIII
$108K
Ln 12
Fees for servicesLn 2g$108K
Money outPt IX
$77K
Ln 25
Owns and owesPt X
$48K
net assets · Ln 32
Cash and savingsLn 1–2$42K
Total assetsLn 16$49K
LiabilitiesLn 26$796
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$108K
Total revenueLn 12$108K
Assets in detailPt X, end of year
CashLn 1$40K
SavingsLn 2$3K
Cash and savings togetherLn 1–2$42K
Total assetsLn 16$49K
LiabilitiesLn 26$796
Net assetsLn 32$48K
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 FY23End FY23
Cash and savingsLn 1–2$13K$42K
Total assetsLn 16$17K$49K
LiabilitiesLn 26$0$796
Net assetsLn 32$17K$48K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$60K$0$0$0
Legal feesLn 11b$328$0$0$0
Accounting feesLn 11c$9K$0$0$0
Office expensesLn 13$2K$0$0$0
InsuranceLn 23$6K$0$0$0
Total functional expensesLn 25$77K$0$0$0

Filing history

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

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $107,500 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $135,488$107,500
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $135,488$107,500
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 expensesPrior year $369,541$76,948
I-18 Total expensesPrior year $369,541$76,948
I-19 Revenue less expensesPrior year −$234,053$30,552
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $107,500 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$107,500
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $107,500 · Unrelated business $0 · Excluded from tax $0$107,500
Part IX · Statement of functional expenses $76,948 across 5 lines filed
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$60,000
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$328
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$8,916
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$1,773
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$5,931
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$76,948
Part X · Balance sheet $48,648 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $10,206$39,505
X-2 Savings and temporary cash investmentsStart of year $2,533$2,533
X-3 Pledges and grants receivable$2,500
X-9 Prepaid expenses and deferred chargesStart of year $4,561$4,110
X-16 Total assetsStart of year $17,300$48,648
X-17 Accounts payable and accrued expensesStart of year $0$796
X-26 Total liabilitiesStart of year $0$796
X-27 Net assets without donor restrictionsStart of year $17,300$47,852
X-32 Total net assets or fund balancesStart of year $17,300$47,852
X-33 Total liabilities and net assetsStart of year $17,300$48,648
Part XI · Reconciliation of net assets $47,852 net assets at year end
XI-1 Total revenue$107,500
XI-2 Total expenses$76,948
XI-3 Revenue less expenses$30,552
XI-4 Net assets at start of year$17,300
XI-10 Net assets at end of year$47,852

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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