Nextmax Inc
- Assets
- $15.6k
- Revenue
- $50.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Benton, KY
- Founding
- 01/2018
- Data as of
- 12/2021
- EIN
- 47-4989601
Organization Overview
Nextmax Inc is located in Benton, KY. The organization was established in 2018. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nextmax 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, Nextmax Inc generated $50.7k 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 (7.5%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. 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
NEXTMAX, INC. IS A NON-PROFIT ORGANIZATION FORMED TO HELP STUDENTS AND ATHLETES EXCEL TO THE MAX AT THE NEXT LEVEL IN LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEXTMAX HOSTED AND ORGANIZED 10 BASKETBALL TOURNAMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Waldrop President | Officer | 25 | $0 |
Lori Waldrop Secretary | Officer | 1 | $0 |
Dan Hudson Vice President | Officer | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,110 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,110 |
| Total Program Service Revenue | $6,584 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,694 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $83,196 |
| Advertising and promotion | $30,681 |
| Office expenses | $2,843 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $658,844 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $65,426 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $384 |
| Insurance | $5,687 |
| All other expenses | $1,575 |
| Total functional expenses | $1,257,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,472 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,173 |
| Other assets | $0 |
| Total assets | $15,645 |
| Accounts payable and accrued expenses | $0 |
| 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 | $4,607,950 |
| Secured mortgages and notes payable | $1,343,240 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,951,190 |
| Net assets without donor restrictions | $0 |
| 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 | -$5,935,545 |
| Total liabilities and net assets/fund balances | $15,645 |
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|---|---|---|
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Lift For Life Academy Inc St Louis, MO | $16,336,630 | $14,911,822 |
Ohio Valley Conference Brentwood, TN | $13,074,927 | $12,736,519 |
Horizon League Inc Indianapolis, IN | $13,064,997 | $9,023,003 |
Big Green Scholarship Foundation Inc Huntington, WV | $16,493,764 | $5,508,906 |
Affton Athletic Association Inc Saint Louis, MO | $7,383,219 | $3,754,085 |
Ambassadors Football Twinsburg, OH | $3,909,961 | $2,647,510 |
St Louis Gymnastic Centre St Louis, MO | $2,087,468 | $2,283,329 |
North Shore Ice Arena Llc Northbrook, IL | $6,337,689 | $1,838,299 |
Greater Kansas City Sports Commission Kansas City, MO | $1,023,252 | $1,539,143 |
Nextmax Inc Benton, KY | $15,645 | $50,694 |
Great Lakes Valley Conference Indianapolis, IN | $1,140,833 | $1,489,025 |