Next Generation Of Giving And Philanthropy Inc
- Assets
- $18.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Nahant, MA
- Founding
- 06/2009
- EIN
- 26-3746294
Organization Overview
Next Generation Of Giving And Philanthropy Inc, operating under the name Grab The Torch, is located in Nahant, MA. The organization was established in 2009. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grab The Torch 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 undefined, Grab The Torch generated $100.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $121.4k during the year ending undefined. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
Describe the Organization's Program Activity:
Part 3
GRAB THE TORCH PROVIDES KNOWLEDGE AND INFORMATION REGARDING CHARITY AND PHILANTHROPY THROUGH LECTURES, SEMINARS, MENTORING PROGRAMS AND YOUTH PHILANTHROPY CAMPS, AND TO ENGAGE IN AND CARRY ON ANY OTHER ACTIVITIES CONSISTENT WITH THIS PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave L Aldrich Founder And Ceo/clerk | 60 | $24,500 | |
Tracy Krug Director | 1 | $0 | |
Chris Fuselier Director | 1 | $0 | |
John Griswold Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
| Total Program Service Revenue | $90,868 |
| Membership dues | $0 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $100,872 |
| Statement of Expenses | |
|---|---|
| Total expenses | $121,362 |
| Balance Sheet | |
|---|---|
| Total assets | $18,340 |
| Total liabilities | $7,554 |
| Net assets or fund balances | $10,786 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Next Generation Of Giving And Philanthropy Inc has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: FOR GRANT RECIPIENT'S EXEMPT PURPOSES | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Braverhood Ltd Brooklyn, NY | $56,044,966 | $113,467,057 |
Coordinated Behavioral Care Inc New York, NY | $25,699,878 | $79,934,258 |
Success Academy Charter Schools Inc New York, NY | $162,966,057 | $99,368,525 |
Baker Hall Lackawanna, NY | $43,415,308 | $53,649,609 |
Tiegerman School Glen Cove, NY | $36,938,898 | $36,850,171 |
Proteus Fund Inc Amherst, MA | $47,115,132 | $46,264,432 |
Teach For All Inc New York, NY | $63,275,692 | $50,938,774 |
Lsny Bronx Corporation New York, NY | $9,256,880 | $24,578,698 |
Boston Plastic & Oral Surgery Foundation Inc Boston, MA | $28,248,674 | $23,739,730 |
El Education Inc New York, NY | $28,362,379 | $30,858,452 |
John A Coleman School Yonkers, NY | $5,649,439 | $19,245,814 |
Halo Network Inc Amityville, NY | $5,984,377 | $20,823,404 |