Nextgen Education fund's mission is to educate, mobilize, and organize young people (ages 18-35) and promote youth civic engagement through voter Education, voter registration and get-out-the-vote activities.

501(c)(3) charity; gifts are tax-deductible.
38¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
3 of 4
filings with a surplus
Average surplus $1.6M a year · 16% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
38%
of spending
Concern: 38% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
74 mo
of spending, in cash
Looks good: 74.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
30
named funders · $16.9M
Looks good: 30 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$80K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.9M
+857% vs prior year
Spent
$899K
To programs
38%
Net assets
$6.3M
By yearFY2021–FY2024
Revenue
$6.9M
FY2022▲ +857%
Tap a bar for its year
Revenue by fiscal year
FY2021$725K
FY2022$6.9M
FY2023$12.9M
FY2024$20.2M
Expenses
$899K
FY2022▲ +90%
Tap a bar for its year
Expenses by fiscal year
FY2021$472K
FY2022$899K
FY2023$9.1M
FY2024$24.0M
Net assets
$6.3M
FY2022▲ ×25
Tap a bar for its year
Net assets by fiscal year
FY2021$253K
FY2022$6.3M
FY2023$10.2M
FY2024$6.4M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 ruling in Jun 2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

38 cents of each dollar spent went to programs.

Program services 38% · $341K Management & general 22% · $198K Fundraising 40% · $359K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
Bod, Director
$0Pt VII · Sec A
Bod, Director
$0Pt VII · Sec A
Bod, Director
$0Pt VII · Sec A
Bod, Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Bod, Director
$0Pt VII · Sec A
Bod, Director
$0Pt VII · Sec A
Bod, Director
$0Pt VII · Sec A
See Nextgen Education Fund 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 15aYes

Programs and updates

Educates and mobilizes young adults to increase their civic engagement through voter activities.

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Provided by the organization

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1 program · $341K · in their own filed words · FY2022
01

Nextgen education fund is a nonprofit public benefit corporation. The organization was fiscally sponsored by nextgen policy in 2022 up until the time at which it received its official tax exemption status in AUGUST.NEXTGEN education fund aims to be the largest youth civic engagement organization in the country.

$341Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 30 funders →
Grants paid · 4 grants · $29.7M · 2023–2024
Nextgen Climate ActionCA · FY2024$22,296,635
America Votes Education FundDC · FY2024$10,000
Nextgen Climate ActionCA · FY2023$7,394,352
Center for Common GroundVA · FY2023$15,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$6.9M
Ln 12
Gifts and grantsLn 1h$6.9M
Money outPt IX
$899K
Ln 25
Programscol B$341K
Managementcol C$198K
Fundraisingcol D$359K
Owns and owesPt X
$6.3M
net assets · Ln 32
Cash and savingsLn 1–2$5.6M
Total assetsLn 16$6.4M
LiabilitiesLn 26$80K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.9M
Total revenueLn 12$6.9M
Assets in detailPt X, end of year
CashLn 1$5.6M
Cash and savings togetherLn 1–2$5.6M
Total assetsLn 16$6.4M
LiabilitiesLn 26$80K
Net assetsLn 32$6.3M
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 FY22End FY22
Cash and savingsLn 1–2$280K$5.6M
Total assetsLn 16$305K$6.4M
LiabilitiesLn 26$53K$80K
Net assetsLn 32$253K$6.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$501K$116K$112K$273K
Other employee benefitsLn 9$54K$16K$14K$25K
Payroll taxesLn 10$41K$10K$9K$22K
Legal feesLn 11b$22K$22K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$590$590
Office expensesLn 13$20K$6K$8K$7K
OccupancyLn 16$7K$1K$3K$2K
TravelLn 17$32K$3K$573$28K
Depreciation, depletion and amortizationLn 22$9K$545$8K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$191K$190K$5$2K
Total functional expensesLn 25$899K$341K$198K$359K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $20.2M$24.0M−$3.7M$6.4M 990 PDF
FY2023 $12.9M$9.1M$3.8M$10.2M 990 PDF
FY2022 Viewing $6.9M$899K$6.0M$6.3M 990 PDF
FY2021 $725K$472K$253K$253K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $6,938,050 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $725,000$6,938,050
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $725,000$6,938,050
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $382,442$596,054
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $89,970$302,890
I-18 Total expensesPrior year $472,412$898,944
I-19 Revenue less expensesPrior year $252,588$6,039,106
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,938,050 across 3 lines filed
VIII-1f All other contributions, gifts and grants$6,938,050
VIII-1h Total contributions, gifts and grants$6,938,050
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$6,938,050
Part IX · Statement of functional expenses $898,944 across 12 lines filed
IX-7 Other salaries and wagesPrograms $115,736 · Management $111,986 · Fundraising $273,152$500,874
IX-9 Other employee benefitsPrograms $15,608 · Management $13,563 · Fundraising $25,238$54,409
IX-10 Payroll taxesPrograms $9,809 · Management $9,168 · Fundraising $21,794$40,771
IX-11b Legal feesManagement $21,565$21,565
IX-11c Accounting feesManagement $5,775$5,775
IX-11g Other fees for servicesManagement $590$590
IX-13 Office expensesPrograms $5,872 · Management $7,677 · Fundraising $6,948$20,497
IX-16 OccupancyPrograms $1,404 · Management $3,415 · Fundraising $1,991$6,810
IX-17 TravelPrograms $2,854 · Management $573 · Fundraising $28,266$31,693
IX-22 Depreciation, depletion and amortizationPrograms $545 · Management $8,500$9,045
IX-23 InsuranceManagement $15,650$15,650
IX-24 Other expenses (24a–d)Programs $189,573 · Management $5 · Fundraising $1,687$191,265
IX-25 Total functional expensesPrograms $341,401 · Management $198,467 · Fundraising $359,076$898,944
Part X · Balance sheet $6,371,324 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $279,515$5,574,745
X-3 Pledges and grants receivable$778,932
X-9 Prepaid expenses and deferred chargesStart of year $10,368$10,564
X-14 Intangible assetsStart of year $15,583$7,083
X-16 Total assetsStart of year $305,466$6,371,324
X-17 Accounts payable and accrued expensesStart of year $52,878$79,630
X-26 Total liabilitiesStart of year $52,878$79,630
X-27 Net assets without donor restrictionsStart of year $252,588$5,712,762
X-28 Net assets with donor restrictions$578,932
X-32 Total net assets or fund balancesStart of year $252,588$6,291,694
X-33 Total liabilities and net assetsStart of year $305,466$6,371,324
Part XI · Reconciliation of net assets $6,291,694 net assets at year end
XI-1 Total revenue$6,938,050
XI-2 Total expenses$898,944
XI-3 Revenue less expenses$6,039,106
XI-4 Net assets at start of year$252,588
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,291,694

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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