Network Of Executive Women Inc, operating under the name Nextup, is located in Lutherville, MD. The organization was established in 2003. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2023, Nextup employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nextup 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, Nextup generated $10.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $12.9m during the year ending 12/2023. While expenses have increased by 7.1% per year over the past 8 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
ADVANCE WOMEN, GROW BUSINESS & TRANSFORM OUR INDUSTRY'S WORKPLACE THROUGH THE POWER OF COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 2001 AS A 501(C)(3) NONPROFIT ASSOCIATION, NEXTUP PARTNERS WITH NATIONAL AND LOCAL ORGANIZATIONS TO DELIVER HANDS-ON LEADERSHIP OPPORTUNITIES, NETWORKING, AND LEARNING PROGRAMS DEDICATED TO ADVANCING ALL WOMEN. 2023 WAS A YEAR OF CHANGE AND GROWTH FOR NEXTUP. WE TOOK OUR ORGANIZATION TO NEW HEIGHTS AND SHOWED THE STRENGTH OF OUR AMAZING NETWORK AT A RECORD-BREAKING SUMMIT! WITH A SOLD-OUT CROWD OF 1500+! WE LEARNED, WE LAUGHED, AND WERE DELIGHTED BY INCREDIBLE SURPRISES LIKE BARBIE BECOMING AN OFFICIAL MEMBER. SUMMIT WAS THE CAPSTONE OF A POWERHOUSE YEAR WHERE WE CAME TOGETHER MORE THAN EVER BEFORE. OUR REGIONS HOSTED A NEW HIGH OF 214 EVENTS IN 2023, WITH ROUGHLY 18,000 REGISTRANTS (CONTINUED ON SCHEDULE O) AND OUR HQ LEARNING EVENTS CONNECTED WITH ANOTHER 18,000 MORE.2023 ALSO SAW THE LAUNCH OF THE 'YOU ARE NEXTUP' CAMPAIGN, FEATURING POSTERS OF DOZENS OF OUR AMAZING MEMBERS AND ALLIES AS THE HEROES THEY ARE. NEXTUP IS NOTHING WITHOUT OUR NETWORK OF 17,000+ WOMEN AND ADVOCATES, AND 'YOU ARE NEXTUP' TRULY SHOWS THE BREADTH OF OUR COMMUNITY. FROM FUTURE NEXTUP MEMBERS TO THE C-SUITE, 'YOU ARE NEXTUP' IS ABOUT YOU - THE BEATING HEART OF OUR ORGANIZATION.IN 2023, WE BEGAN A SIGNIFICANT TRANSFORMATION TO REBUILD OUR RESOURCES THROUGH: INCREASED DONOR SUPPORT AND REVENUE GROWTH; REDUCED ADMINISTRATIVE EXPENSES; AND IMPROVED MEMBER EXPERIENCE. WE HAVE PLANTED "GREEN SHOOTS" TO DEEPEN MEMBER ENGAGEMENT, WHILE RE-DIRECTING LIMITED RESOURCES TOWARD OUR MOST CRITICAL PRIORITIES. OUR VOLUNTEERS REMAIN OF CORE IMPORTANCE TO OUR MODEL, MANAGING MEMBERSHIP, PROGRAMMING, AND EVENTS FOR OUR CORPORATE PARTNERS AND REGIONS. THIS STRONG FOUNDATION IN A MEMBER-FIRST MODEL, ANCHORED BY 21 REGIONS, AND OVER 17,000+ WOMEN AND ADVOCATES THAT CONTINUES TO GROW.WHILE WE WERE ABLE TO STABILIZE AND TURNAROUND REVENUE IN THE SECOND HALF OF 2023, ECONOMIC HEADWINDS CONTINUED TO CHALLENGE OUR CULTIVATION OF NEW BUSINESS PARTNERSHIPS AND DONOR CONTRIBUTIONS. NONETHELESS, THE COMMITMENT OF OUR MEMBERS, STAFF, VOLUNTEERS, AND CORPORATE PARTNERS SOLIDIFIES OUR PLEDGE TO THE RESOURCES, TECHNOLOGY, AND VALUE PROPOSITION THAT WILL HELP US MEET THE EVOLVING NEEDS OF OUR EXISTING STAKEHOLDERS AND ATTRACT NEW ONES.THROUGH IT ALL, WE FORWARDED OUR MISSION. WE PUSHED FORWARD ALONGSIDE THE CORPORATE PARTNERS WHO MAKE OUR WORK POSSIBLE, THE VOLUNTEERS WHO SUPPORT OUR WORK EVERY STEP OF THE WAY, THE AMBASSADORS WHO GET THEIR TEAMS ENGAGED, AND THE MEMBERS, WHO ARE NEXTUP.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Abbe Luersman Chair | OfficerTrustee | 5 | $0 |
Dagmar Boggs Vice Chair | OfficerTrustee | 5 | $0 |
Beth Marrion Treasurer | OfficerTrustee | 5 | $0 |
Melody Richard Secretary | OfficerTrustee | 5 | $0 |
Monica Turner Immediate Past Chair | Trustee | 1.5 | $0 |
Chau Banks Director | Trustee | 1.5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Heartwood Healing Llc Event Management | 12/30/22 | $208,703 |
Nublack Consulting Consulting | 12/30/22 | $106,023 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $191,588 |
All other contributions, gifts, grants, and similar amounts not included above | $439,339 |
Noncash contributions included in lines 1a–1f | $110,813 |
Total Revenue from Contributions, Gifts, Grants & Similar | $630,927 |
Total Program Service Revenue | $10,011,919 |
Investment income | $36,100 |
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 | $10,678,946 |
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. | $1,156,709 |
Compensation of current officers, directors, key employees. | $809,696 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $4,149,355 |
Pension plan accruals and contributions | $101,576 |
Other employee benefits | $328,004 |
Payroll taxes | $414,966 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,864 |
Fees for services: Accounting | $65,541 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $11,825 |
Fees for services: Other | $518,563 |
Advertising and promotion | $0 |
Office expenses | $472,184 |
Information technology | $511,127 |
Royalties | $0 |
Occupancy | $0 |
Travel | $146,960 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $4,545,170 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $1,625 |
All other expenses | $30,558 |
Total functional expenses | $12,907,171 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $322,144 |
Savings and temporary cash investments | $264,441 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $292,273 |
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 | $438,244 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $1,168,208 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,485,310 |
Accounts payable and accrued expenses | $807,846 |
Grants payable | $0 |
Deferred revenue | $1,021,914 |
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 | $1,829,760 |
Net assets without donor restrictions | $129,961 |
Net assets with donor restrictions | $525,589 |
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 | $2,485,310 |