Next One Up Foundation Inc
- Assets
- $8.8m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 13
- Location
- Baltimore, MD
- Founding
- 11/2010
- Data as of
- 12/2023
- EIN
- 27-2393482
Organization Overview
Next One Up Foundation Inc is located in Baltimore, MD. The organization was established in 2010. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Next One Up Foundation Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Next One Up Foundation Inc 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 12/2023, Next One Up Foundation Inc generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 38.0% each year . All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 29.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEXT ONE UP FOUNDATION, INC. (THE ORGANIZATION") CREATES GENERATIONAL CHANGE IN BALTIMORE BY EMPOWERING YOUNG MEN AS SCHOLARS, LEADERS, AND ATHLETES. BEGINNING OPERATIONS IN NOVEMBER 2010, THE ORGANIZATION IS AN INNOVATIVE NONPROFIT PROVIDING YEAR-ROUND, MULTI-YEAR SERVICES SUCH AS OUT-OF-SCHOOL-TIME SUPPORT AND MENTORING, COLLEGE & CAREER COUNSELING, SUMMER WORK OPPORTUNITIES, INTERNSHIPS, AND FULL-TIME JOB PLACEMENTS. BY PROVIDING LONG-TERM MENTORING AND COACHING, THE ORGANIZATION HELPS YOUNG MEN CREATE A DYNAMIC VISION FOR THE FUTURE AND DISCOVER ECONOMIC MOBILITY PATHWAYS. THE ORGANIZATION IS CURRENTLY SERVING 150 YOUNG MEN RANGING IN AGE FROM 12-25.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEXT ONE UP PROVIDES ADAPTIVE, MULTI-YEAR SUPPORT FOR YOUNG MEN FROM THEIR TEEN YEARS INTO THE EARLY YEARS OF A CAREER. MIDDLE AND HIGH SCHOOL SCHOLARS RECEIVE INTENSIVE OUT-OF-SCHOOL-TIME, SUPPORT, AND MENTORING THAT WILL HELP THEM GRADUATE HIGH SCHOOL AND MATRICULATE TO COLLEGE. BUT SUPPORT DOES NOT STOP AFTER HIGH SCHOOL GRADUATION. COLLEGE-GOERS RECEIVE ONGOING MENTORING AND COACHING, COMBINED WITH SUMMER WORK OPPORTUNITIES AND INTERNSHIP PLACEMENTS. OTHERS RECEIVE SUPPORT AND GUIDANCE TO BEGIN A CAREER IN THE TRADES. CAREER PROGRAMMING, INCLUDING COUNSELING, SKILLS DEVELOPMENT, AND JOB PLACEMENT, COMPLETES THE CONNECTIVE PROCESS OF GENERATIONAL CHANGE WITH A PROMISE OF UPWARD MOBILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Steer ESQ Board Chair | OfficerTrustee | 1 | $0 |
Darius Jennings Vice Chair | OfficerTrustee | 1 | $0 |
Matt Wyskiel Treasurer | OfficerTrustee | 1 | $0 |
Walter Hill Secretary | OfficerTrustee | 1 | $0 |
David Fedorchak Director | Trustee | 1 | $0 |
Kevin Porter Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,271,422 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,330,069 |
| Noncash contributions included in lines 1a–1f | $40,040 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,601,491 |
| Total Program Service Revenue | $0 |
| Investment income | $72,674 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $136,332 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,809,337 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $49,901 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $274,502 |
| Compensation of current officers, directors, key employees. | $54,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $741,378 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,069 |
| Payroll taxes | $59,577 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,842 |
| Fees for services: Lobbying | $60,963 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $202,849 |
| Advertising and promotion | $35,792 |
| Office expenses | $39,056 |
| Information technology | $28,995 |
| Royalties | $0 |
| Occupancy | $238,797 |
| Travel | $21,773 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,115 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,925 |
| Insurance | $13,094 |
| All other expenses | $5,500 |
| Total functional expenses | $2,291,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,904 |
| Savings and temporary cash investments | $1,995,673 |
| Pledges and grants receivable | $2,392,227 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $18,244 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,903 |
| Net Land, buildings, and equipment | $3,029,948 |
| Investments—publicly traded securities | $18,096 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,339,230 |
| Total assets | $8,814,225 |
| Accounts payable and accrued expenses | $104,720 |
| 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 | $620,127 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,384,198 |
| Total liabilities | $2,109,045 |
| Net assets without donor restrictions | $4,074,599 |
| Net assets with donor restrictions | $2,630,581 |
| 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 | $8,814,225 |