Nextechorg Inc
- Assets
- $4.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Indianapolis, IN
- Founding
- 11/2011
- Data as of
- 12/2021
- EIN
- 45-3362871
Organization Overview
Nextechorg Inc is located in Indianapolis, IN. The organization was established in 2011. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Nextechorg Inc employed 7 individuals. Nextechorg 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 12/2021, Nextechorg Inc generated $1.1m in total revenue. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 30.5% per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE IN CHARITABLE AND EDUCATIONAL ACTIVITIES TO PROVIDE EDUCATIONAL OPPORTUNITIES FOCUSED ON COMPUTER SCIENCE AND TECHNOLOGY TO K-12 STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATOR SUCCESS - EQUIPPING K-12 TEACHERS WITH THE CONTENT KNOWLEDGE, INSTRUCTIONAL STRATEGIES AND INDUSTRY EXPERIENCES TO CONFIDENTLY DELIVER CS CURRICULUM TO ALL INDIANA STUDENTS
CATAPULT EXPERIENCES - IMMERSING AREA HIGH SCHOOL JUNIORS AND SENIORS IN THE TECH COMMUNITY THROUGH ACCELERATED-LEARNING PROGRAMS
STUDENT EXPERIENCES ARE A SET OF OPPORTUNITIES FOR INDIANA K-12 STUDENTS TO EXPLORE AND DISCOVER THE DISCIPLINE OF COMPUTER SCIENCE AND THE POTENTIAL OF A POST-SECONDARY PATH AND CAREER IN TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Jung President | Officer | 40 | $173,910 |
Leroy Robinson Board Member | Trustee | 1 | $2,047 |
Ashley Vukovits Treasurer | OfficerTrustee | 1 | $0 |
Scott Dorsey Chairman | OfficerTrustee | 1 | $0 |
Mary Kay Huse Secretary | OfficerTrustee | 1 | $0 |
Jose Martinez Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,950 |
| Related organizations | $52,500 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $728,299 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $788,749 |
| Total Program Service Revenue | $22,530 |
| Investment income | $33,072 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $276,284 |
| Net Income from Fundraising Events | -$5,853 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,114,782 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $224,458 |
| Compensation of current officers, directors, key employees. | $32,494 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $366,291 |
| Pension plan accruals and contributions | $41,376 |
| Other employee benefits | $23,536 |
| Payroll taxes | $41,057 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,521 |
| Fees for services: Accounting | $7,744 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,215 |
| Fees for services: Other | $61,641 |
| Advertising and promotion | $69,115 |
| Office expenses | $2,862 |
| Information technology | $34,103 |
| Royalties | $0 |
| Occupancy | $31,759 |
| Travel | $3,138 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,518 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,970 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,246,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $80,099 |
| Pledges and grants receivable | $215,917 |
| 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 | $136,377 |
| Investments—publicly traded securities | $3,683,700 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,116,093 |
| Accounts payable and accrued expenses | $70,945 |
| 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 | $70,945 |
| Net assets without donor restrictions | $3,995,148 |
| Net assets with donor restrictions | $50,000 |
| 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 | $4,116,093 |
Grants Awarded
Over the last fiscal year, Nextechorg Inc has awarded $5,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
South Bend, IN PURPOSE: BUILD AND ENHANCE COMPUTER SCIENCE LAB | $1,000 |
RUSH COUNTY SCHOOLS PURPOSE: BUILD AND ENHANCE COMPUTER SCIENCE LAB | $1,000 |
BLUFFTON - HARRISON METROPOLOTOAN SCHOOL DISTRICT PURPOSE: BUILD AND ENHANCE COMPUTER SCIENCE LAB | $1,000 |
NINEVEH HENSLEY JACKSON SCHOOL CORPORATION PURPOSE: BUILD AND ENHANCE COMPUTER SCIENCE LAB | $1,000 |
EAST NOBLE SCHOOL CORPORATION PURPOSE: BUILD AND ENHANCE COMPUTER SCIENCE LAB | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nextechorg Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Indianapolis Foundation Inc Indianapolis, IN PURPOSE: 2021 Partner Support | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Roger And Susan Stone Family Foundation Northbrook, IL | $23,476,805 | $8,385,528 |
Galashiels Fund Ltd Northbrook, IL | $154,593,436 | $48,314,988 |