Next Gen Personal Finance
- Assets
- $27.9m
- Revenue
- $1.7m
- Investments
- $20.5m
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 07/2018
- Data as of
- 12/2022
- EIN
- 82-3648278
Organization Overview
Next Gen Personal Finance is located in Palo Alto, CA. The organization was established in 2018. According to its NTEE Classification (P19) the organization is classified as: Support N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Next Gen Personal Finance 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 12/2022, Next Gen Personal Finance generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (35.5%) each year. All expenses for the organization totaled $5.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Next Gen Personal Finance has awarded 281 individual grants totaling $2,721,772. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO REVOLUTIONIZE THE TEACHING OF PERSONAL FINANCE IN ALL SCHOOLS IN ORDER TO IMPROVE THE FINANCIAL LIVES OF THE NEXT GENERATION OF AMERICANS. AS OF 2022, NGPF'S CURRICULUM AND PROFESSIONAL DEVELOPMENT EXTENDS TO 70,000 MIDDLE AND HIGH SCHOOL TEACHERS REACHING MORE THAN 2 MILLION STUDENTS. DISCRETIONARY GRANTS ARE GIVEN TO ORGANIZATIONS WITH SIMILAR MISSIONS TO NEXT GEN PERSONAL FINANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Ranzetta President | 60 | $0 | |
David Weill Treasurer | 0.25 | $0 | |
Jessica Endlich Co-Founder | 40 | $316,008 | |
Yanely Espinal Director Of Educatio | 40 | $136,192 | |
Sonia Dalal Director Of Curricul | 40 | $137,542 | |
Christian Sherill Director Of Bus Dev | 40 | $134,792 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jump Kick Llc | 12/30/22 | $242,965 |
Hock Bratcher | 12/30/22 | $83,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,011,200 |
| Interest on Savings | $0 |
| Dividends & Interest | $476,191 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $255,053 |
| Capital Gain Net Income | $260,622 |
| Net ST Capital Gain | $1,311 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,742,444 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $2,194,926 |
| Pension plans, employee benefits | $150,816 |
| Interest | $0 |
| Taxes | $208,139 |
| Depreciation | $4,818 |
| Occupancy | $71,580 |
| Travel, conferences, and meetings | $75,542 |
| Printing and publications | $649 |
| Other expenses | $931,554 |
| Total operating and administrative expenses | $4,505,750 |
| Contributions, gifts, grants paid | $919,299 |
| Total expenses and disbursements | $5,425,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,113,606 |
| Savings and temporary cash investments | $5,999,678 |
| 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 | $180,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,827 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $727,369 |
| Net Land, buildings, and equipment | $11,414 |
| Other assets | $0 |
| Total assets | $27,853,558 |
| Accounts payable and accrued expenses | $76,136 |
| 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 | $29,365 |
| Total liabilities | $105,501 |
Grants Awarded
Over the last fiscal year, Next Gen Personal Finance has awarded $929,650 in support to 74 organizations.
| Grant Recipient | Amount |
|---|---|
ALLEGHENY INTERMEDIATE UNIT PURPOSE: STATE PD CREDITS | $1,085 |
BRATTLEBORO AREA MIDDLE SCHOOL PURPOSE: SILVER STANDARD CHALLENGE | $1,000 |
BEAVER AREA SCHOOL DISTRICT PURPOSE: GOLD STANDARD CHALLENGE | $5,000 |
BROADALBIN-PERTH CENTRAL SCHOOL DISTRICT PURPOSE: GOLD STANDARD CHALLENGE | $5,000 |
BURKE CENTRAL SCHOOL PURPOSE: GOLD STANDARD CHALLENGE | $2,500 |
CEDAR CREST HIGH SCHOOL PURPOSE: GOLD STANDARD CHALLENGE | $10,000 |