Next Generation Entrepreneurs Inc
- Assets
- $46.9k
- Revenue
- $3.2k
- Investments
- $44.3k
- Employees
- 0
- Location
- Miami Beach, FL
- Founding
- 03/2012
- Data as of
- 12/2021
- EIN
- 45-3970126
Organization Overview
Next Generation Entrepreneurs Inc is located in Miami Beach, FL. The organization was established in 2012. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Next Generation Entrepreneurs 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, Next Generation Entrepreneurs Inc generated $3.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $73.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Next Generation Entrepreneurs Inc has awarded 15 individual grants totaling $408,841. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENTREPRENEURIAL TRAINING, EDUCATION AND PLACEMENT GRANTS BENEFITING COMMUNITIES IN THE AMOUNT OF $25,000 AND SUPPORTING EXPENSES OF $48,113.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maryam Nahid Treasurer | 2 | $18,750 | |
Patrick Adams Executive Director | 40 | $18,000 | |
Nicklas Sarnicola President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $195 |
| Interest on Savings | $77 |
| Dividends & Interest | $1,726 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,154 |
| Capital Gain Net Income | $1,154 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,152 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,750 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,363 |
| Total operating and administrative expenses | $48,113 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $73,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,668 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,702 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $46,918 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Next Generation Entrepreneurs Inc has awarded $34,019 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Allendale, MI PURPOSE: YOUTH EXPERIENCE FOR FAMILY/SCHOOL SUPPORT AND ENTREPRENEURIAL EDUCATION | $30,000 |
ALMA ECUADOR AGENCYUNIVERSIDAD CENTRAL DEL ECUADOR PURPOSE: PLAYSET EQUIPMENT FOR YOUTH | $1,575 |
Miami, FL PURPOSE: TO SUPPORT PROGRAMS FOR UNDERSERVED YOUTH | $1,444 |
WEST BOCA DIAMONDS SOFTBALL PURPOSE: YOUTH SOFTBALL PROGRAM | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Ds Foundation Miami, FL | $183,651,055 | $1,385,395 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
Altec-Styslinger Foundation Inc Birmingham, AL | $128,305,509 | $25,360,360 |
Elizabeth Morse Genius Foundation Winter Park, FL | $145,557,522 | $11,233,005 |
Daniel Foundation Of Alabama Birmingham, AL | $125,925,900 | $11,135,386 |
Daniel E Offutt Iii Charitable Tr Sarasota, FL | $1,076,359 | $6,500,161 |
BBVA Foundation Birmingham, AL | $0 | $7,925,433 |
E G Watkins Family Foundation West Palm Beach, FL | $3,784,813 | $11,500,184 |
The Anita James Rosen Foundation Inc St Petersburg, FL | $5,834,282 | $31,742 |
Peterffy Foundation West Palm Beach, FL | $132,920,946 | $11,657,366 |