Nextgen Chamber Of Commerce Foundation
- Assets
- $642.1k
- Revenue
- $690.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Washington, DC
- Founding
- 02/2019
- Data as of
- 12/2021
- EIN
- 82-4835903
Organization Overview
Nextgen Chamber Of Commerce Foundation is located in Washington, DC. The organization was established in 2019. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nextgen Chamber Of Commerce 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 12/2021, Nextgen Chamber Of Commerce Foundation generated $690.5k in total revenue.
Since 2021, Nextgen Chamber Of Commerce Foundation has awarded 13 individual grants totaling $535,000. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NEXTGEN CHAMBER OF COMMERCE FOUNDATION WORKS TO SHAPE THE ECONOMY OF THE FUTURE BY PROMOTING POLICY, INCLUSION, AND BUSINESS PRACTICE FOR A NEW GENERATION OF BUSINESS LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEXTGEN SUPPORTS RESEARCH STUDIES AND ECONOMIC PROJECTS TO EMPOWER A NEW GENERATION OF BUSINESS LEADERSHIP. THROUGH ITS WORK NEXTGEN UPLIFTS THE VOICES OF THE NEXT GENERATION IN PURSUIT OF BETTER CAPITALISM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy English Founder | OfficerTrustee | 5 | $0 |
Aram Nadjarian Chair | OfficerTrustee | 5 | $0 |
Adama Iwu Co-Chair | OfficerTrustee | 5 | $0 |
Rhett Buttle Founder And Treasurer | OfficerTrustee | 5 | $0 |
Roy K Lee Board Member | OfficerTrustee | 5 | $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 | $690,513 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $690,513 |
| Total Program Service Revenue | $0 |
| 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 | $690,513 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $535,000 |
| 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. | $40,000 |
| Compensation of current officers, directors, key employees. | $40,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,732 |
| Payroll taxes | $4,659 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $125,000 |
| Advertising and promotion | $2,090 |
| Office expenses | $2,509 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,884 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $719,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $642,086 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $642,086 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $46,586 |
| Net assets with donor restrictions | $595,500 |
| 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 | $642,086 |
Grants Awarded
Over the last fiscal year, Nextgen Chamber Of Commerce Foundation has awarded $535,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Orem, UT PURPOSE: IDENTIFY & EDUCATE RELIGIOUS, SOCIAL GROUPS & BUSINESSES ABOUT THE VALUE OF THE EITC AND CTC | $100,000 |
NATIONAL ASSOCIATION OF EVANGELICALS PURPOSE: IDENTIFY & EDUCATE RELIGIOUS, SOCIAL GROUPS & BUSINESSES ABOUT THE VALUE OF THE EITC AND CTC | $82,500 |
FAITH & GIVING COALITION PURPOSE: IDENTIFY & EDUCATE RELIGIOUS, SOCIAL GROUPS & BUSINESSES ABOUT THE VALUE OF THE EITC AND CTC | $55,000 |
Colorado Springs, CO PURPOSE: IDENTIFY & EDUCATE RELIGIOUS, SOCIAL GROUPS & BUSINESSES ABOUT THE VALUE OF THE EITC AND CTC | $52,500 |
Washington, DC PURPOSE: IDENTIFY & EDUCATE RELIGIOUS, SOCIAL GROUPS & BUSINESSES ABOUT THE VALUE OF THE EITC AND CTC | $50,000 |
Janesville, WI PURPOSE: IDENTIFY & EDUCATE RELIGIOUS, SOCIAL GROUPS & BUSINESSES ABOUT THE VALUE OF THE EITC AND CTC | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Nextgen Chamber Of Commerce Foundation has recieved totaling $640,500.
| Awarding Organization | Amount |
|---|---|
Rockefeller Foundation New York, NY PURPOSE: IN SUPPORT OF AN EFFORT TO EDUCATE CONSERVATIVE SOCIAL AND RELIGIOUS GROUPS AND BUSINESSES ABOUT THE VALUE OF THE EARNED INCOME TAX CREDIT AND CHILD TAX CREDIT FOR LOW-INCOME FAMILIES | $460,500 |
Hopewell Fund Washington, DC PURPOSE: YOUTH DEVELOPMENT AND EDUCATION | $180,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Berks County School Districts Health Tr Reading, PA | $37,307,686 | $92,475,879 |
Upmc Lititz Harrisburg, PA | $81,864,299 | $83,139,500 |
American Society For Testing And Materials West Conshohocken, PA | $507,262,217 | $135,712,233 |
Childrens Research Institute Washington, DC | $13,958,035 | $66,659,816 |
Public Interest Registry Reston, VA | $67,348,678 | $103,286,594 |
Philadelphia Post-Acute Partnersllc Philadelphia, PA | $76,499,158 | $101,068,675 |
Charity Global Inc Hagerstown, MD | $173,056,021 | $101,611,139 |
Truth Initiative Foundation Washington, DC | $1,008,096,015 | $92,158,475 |
Lutheran Immigration And Refugee Service Baltimore, MD | $69,973,896 | $114,665,821 |
Goodwill Industries Of The Valley Works Roanoke, VA | $35,659,269 | $106,358,357 |
Gibson Electric Membership Corp Trenton, TN | $199,281,246 | $104,510,085 |
Four County Electric Membership Corp Burgaw, NC | $229,795,069 | $103,654,934 |