Tuskegee Next Foundation
- Assets
- $242.2k
- Revenue
- $627.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Wheaton, IL
- Founding
- 09/2015
- Data as of
- 09/2023
- EIN
- 47-3907004
Organization Overview
Tuskegee Next Foundation is located in Wheaton, IL. The organization was established in 2015. 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 09/2023, Tuskegee Next Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tuskegee Next Foundation 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 09/2023, Tuskegee Next Foundation generated $627.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $556.6k during the year ending 09/2023. While expenses have increased by 10.7% per year over the past 6 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
HONOR THE LEGACY OF THE TUSKEGEE AIRMEN AND TRANSFORM THE LIVES OF AT-RISK YOUTH THROUGH AVIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HONORING THE LEGACY OF THE TUSKEGEE AIRMEN, TUSKEGEE NEXT SEEKS TO TRANSFORM THE LIVES OF UNDER-REPRESENTED YOUTH THROUGH AVIATION EDUCATION AND CAREER PATH OPPORTUNITIES, SO THEY CAN TRANSFORM THEIR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Brady Director | Trustee | 2 | $0 |
Peter Braxton Director | Trustee | 2 | $0 |
Cortez Carter Director | Trustee | 2 | $0 |
Joshua Davis Director | Trustee | 2 | $0 |
Stephen Davis Chairman | OfficerTrustee | 5 | $0 |
Rona Fourte Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $324,656 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $356,119 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $680,775 |
| Total Program Service Revenue | $0 |
| Investment income | $2,715 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$62,729 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $627,546 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $972 |
| Grants and other assistance to domestic individuals. | $6,961 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $80,000 |
| Other salaries and wages | $50,493 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,309 |
| Payroll taxes | $9,983 |
| Fees for services: Management | $54,744 |
| Fees for services: Legal | $742 |
| Fees for services: Accounting | $29,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,868 |
| Office expenses | $12,527 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $60,116 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $795 |
| Interest | $144 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,476 |
| Insurance | $23,709 |
| All other expenses | $16,086 |
| Total functional expenses | $556,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,492 |
| Savings and temporary cash investments | $57,337 |
| Pledges and grants receivable | $98,000 |
| 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 | $14,204 |
| Investments—publicly traded securities | $61,126 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $242,159 |
| Accounts payable and accrued expenses | $3,671 |
| 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 | $102,550 |
| Total liabilities | $106,221 |
| Net assets without donor restrictions | $135,938 |
| 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 | $242,159 |