Next Level Northwest
- Assets
- $199.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hoffman Estates, IL
- Founding
- 09/2017
- Data as of
- 12/2021
- EIN
- 82-1754903
Organization Overview
Next Level Northwest is located in Hoffman Estates, IL. The organization was established in 2017. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Next Level Northwest 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 Level Northwest generated $117.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $99.8k during the year ending 12/2021. While expenses have increased by 7.9% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
NEXT LEVEL NORTHWEST IS A CHARITABLE, EDUCATIONAL ORGANIZATION WITH THE SPECIFIC INTENT OF HELPING THE LEADERS AND OWNERS OF EXISTING STAGE 2 BUSINESSES, I.E., THOSE WITHIN THE GROWTH STAGE THAT HAVE NOT YET MATURED AND CONTINUE TO DEMONSTRATE OPERATIONAL AND DESIGN INEFFICIENCIES, THROUGH A COMPETITIVE BUSINESS ACCELERATOR ENGAGEMENT PROCESS AS WELL AS EDUCATIONAL PROGRAMS AND EVENTS DIRECTED TOWARD ONGOING DEVELOPMENT OF GRADUATE COMPANIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Palm Director | 0 | $0 | |
Ray Rummel President | 0 | $0 | |
Paula Hewson Vice Preside | 0 | $0 | |
John Nowacki Director | 0 | $0 | |
Julianna Mailler Secretary | 0 | $0 | |
Teresa Faidley Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,627 |
| Total Program Service Revenue | $65,000 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $117,627 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $59,050 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,898 |
| Other expenses | $38,830 |
| Total expenses | $99,778 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $184,173 |
| Other assets | $0 |
| Total assets | $199,173 |
| Total liabilities | $30,000 |
| Net assets or fund balances | $169,173 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Next Level Northwest has recieved totaling $20,005.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Brighton Park Neighborhood Council Chicago, IL | $4,048,275 | $8,262,492 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |
Applied Research Institute Bloomington, IN | $3,329,526 | $9,074,163 |
Mhub Chicago, IL | $5,077,327 | $6,781,086 |
The Center For Kentucky Rural Economic Development Inc Somerset, KY | $52,726,644 | $7,680,890 |
Elevate Ventures Inc Indianapolis, IN | $13,635,821 | $6,541,390 |
Kentucky Highlands Investment Corporation London, KY | $130,461,604 | $9,285,837 |
Chicago Neighborhood Initiatives Inc Chicago, IL | $28,044,875 | $6,086,031 |
Madison Development Corporation Madison, WI | $34,294,523 | $5,181,232 |
Economic Development Corporation Of Kansas City Missouri Kansas City, MO | $4,885,634 | $3,918,676 |