The Next Step Foundation EIN 87-3076934 Form 990 (PDF) Claim this org

The Next Step Foundation FY2023 filing

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Creates digital jobs in Africa for disadvantaged people, especially women and the unemployed. For fiscal year 2023 it reported $871K in revenue, $848K in expenses, and $25K in net assets.Pt I

Type
Public charity (501(c)(3)) · Employment
Location
Austin, TX
Website
nextstepfdn.org
Filings
3 on file (2022–2023)
Revenue
$871KFY2023
Expenses
$848K
Net assets
$25K
People
4
Filings
3
Updates
0
More identity details & actions ⌄
EIN  87-3076934 Public charity (501(c)(3)) Austin, TX
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Creates digital jobs in Africa for disadvantaged people, especially women and the unemployed.
Leadership
Christopher Harrison · Executive Ch · $200K
Money in and out
$871K revenue, $848K expenses
Bottom line
85% program efficiency
Where the money goes · FY2023
Total revenue
$871K
Pt VIII · Ln 12
Total expenses
$848K
Pt IX · Ln 25
Net assets
$25K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $23K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.06 Fundraising $0.09
Program efficiency
85%
of spending reaches programs
Operating runway
0.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+3%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$871K
FY2023▲ +78%
Expenses
$848K
FY2023▲ +71%
Total assets
$30K
FY2023▲ ×12
Total liabilities
$5K
FY2023▲ ×11
Total revenue
$871K
Pt VIII · Ln 12
Total expenses
$848K
Pt IX · Ln 25
Net assets
$25K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$23K
Total assetsPt X · Ln 16$30K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $716K of program spending, described in the organization's own filed words · FY2023.
01

In january 2023, we launched out corporate disability inclusion training sessions with the goal to raise awareness by sharing knowledge and building confidence on all parties regarding disability inclusion at the workplace.

$435Kprogram expense
02

We provided comprehensive four week training to 50 talented persons with disabilities, focusing on honing their skills in data annotation. Job placements are currently ongoing with work to integrate these individuals into the professional world.

$199Kprogram expense
03

We launched our nikkoworkx job readiness training platform, which provides individuals with essential data annotation skills crucial for driving advancements in ai, as seen in technologies like openai's chatgpt and tesla's autonomous driving systems.

$83Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Next Step Foundation
EINHdr · item D87-3076934
Principal addressHdr · item CAustin, TX
WebsiteHdr · item Jnextstepfdn.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J30)
Ruling yearIRS BMFJul 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$200,000Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Di
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Christopher Harrison’s $67K as Executive Ch is at the 62nd percentile of top reported officer pay among 1212 $100K–1M employment 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

NameFY2024FY2023FY2022
Christopher Harrison$66,667$200,000$66,667

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%$871K
Total revenueLn 12$871K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.06 Fundraising $0.09
Program services85%$716K
Management & general6%$53K
Fundraising9%$79K
Total functional expensesLn 25$848K

Balance Sheet

Part X · end of year
CashLn 1$30K
Total assetsLn 16$30K
Total liabilitiesLn 26$5K
Total net assetsLn 32$25K
Months of cash on handcomputed0.4

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $30K · Operating expenses/yr $848K
0.4 months
Where the money goes
Program services
Program services $716K · Total expenses $848K
85%
Management & General
Management & general $53K · Total expenses $848K
6%
Fundraising
Fundraising $79K · Total expenses $848K
9%
Cost to raise $1
Fundraising expense (2-yr avg) $58K · Solicited contributions (2-yr avg) $680K
$0.09 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $871K · Total revenue $871K
100%
Government reliance
Government grants — · Total revenue $871K
Earned-income share
Program service revenue $0 · Total revenue $871K
0%
Investment reliance
Investment income $0 · Total revenue $871K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $848K
0%
Growth & trend
Revenue growth (YoY)
This year $871K · Prior year $490K
+78%
Net-asset trend (YoY)
End of year $25K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $871K · Expenses $848K
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $30K
Net-asset ratio
Net assets $25K · Total assets $30K
83%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $30K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Christopher Harrison · Reported title EXECUTIVE CH · Highest reported compensation $200K · Total expenses $848K
24%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $345K · Total expenses $848K
41%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 6%
Fundraising cost ratio 9%
Revenue growth 78%
Legal fee ratio 0.03%
Accounting fee ratio 0.3%

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.

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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)$497K revenue · ⤓ 990 PDF
FY2023$871K revenue · viewing · ⤓ 990 PDF
FY2022$490K 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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