Next Generation Ministries
- Assets
- $893.0k
- Revenue
- $224.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, SC
- Founding
- 08/2007
- Data as of
- 12/2022
- EIN
- 20-8802094
Organization Overview
Next Generation Ministries is located in Lexington, SC. The organization was established in 2007. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Next Generation Ministries is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Next Generation Ministries generated $224.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $428.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO HELP MARGINALIZED WOMEN, CHILDREN AND YOUNG ADULTS. WE DO THIS BY MANAGING A UNIVERSITY SCHOLARSHIP PROGRAM FOR YOUNG ADULTS IN HAITI AND WE PARTNER WITH LIKE MINDED ORGANIZATIONS WHO ARE ACTIVELY SERVING MARGINALIZED WOMEN, CHILDREN AND YOUNG ADULTS LOCALLY AND GLOBALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEXT GENERATION PROGRAM WAS ESTABLISHED TO ASSIST YOUNG HAITIAN MEN AND WOMEN WITH OBTAINING A UNIVERSITY DEGREE IN THE PROGRAM OF THEIR CHOICE.
IN 2023 NEXT GENERATION MINISTRIES BEGAN TO OFFER GRANTS TO PARTNERS WHO ARE ACTIVELY SERVING LOCALLY AND GLOBALLY TO ASSIST YOUNG HAITIAN MEN AND WOMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nate Gibson Board Member | Trustee | 1 | $0 |
Krista Gibson Board Member | Trustee | 1 | $0 |
Janet Mcguinn Treasurer | OfficerTrustee | 1 | $0 |
S Wade Mcguinn Chairman Of The Board | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $175,325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $175,325 |
| Total Program Service Revenue | $0 |
| Investment income | $48,633 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $223,958 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $117,329 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $258,932 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,708 |
| Advertising and promotion | $0 |
| Office expenses | $305 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,364 |
| All other expenses | $0 |
| Total functional expenses | $428,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,184 |
| Savings and temporary cash investments | $793,750 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30 |
| Total assets | $892,964 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $892,964 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $892,964 |
Grants Awarded
Over the last fiscal year, Next Generation Ministries has awarded $109,658 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JEREMIE RISING PURPOSE: GENERAL FUND | $84,658 |
CITY LIGHTS PURPOSE: GENERAL FUND | $25,000 |