Nextgen Education Fund
- Assets
- $10.3m
- Revenue
- $12.9m
- Investments
- $681.9k
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- Data as of
- 12/2023
- EIN
- 86-3766505
Organization Overview
Nextgen Education Fund is located in San Francisco, CA. According to its NTEE Classification (R40) the organization is classified as: Voter Education & Registration, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nextgen Education Fund 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, Nextgen Education Fund generated $12.9m in total revenue. All expenses for the organization totaled $9.1m during the year ending 12/2023. While expenses have increased by 167.7% per year over the past 3 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
NEXTGEN EDUCATION FUND'S MISSION IS TO EDUCATE, MOBILIZE, AND ORGANIZE YOUNG PEOPLE (AGES 18-35) AND PROMOTE YOUTH CIVIC ENGAGEMENT THROUGH VOTER EDUCATION, VOTER REGISTRATION AND GET-OUT-THE-VOTE ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEXTGEN EDUCATION FUND IS A NONPROFIT PUBLIC BENEFIT CORPORATION. NEXTGEN EDUCATION FUND AIMS TO BE THE LARGEST YOUTH CIVIC ENGAGEMENT ORGANIZATION IN THE COUNTRY. IT IS A MULTI-ISSUE AND MULTI-RACIAL ORGANIZATION THAT EDUCATES AND EMPOWERS YOUNG PEOPLE TO TRANSFORM OUR COUNTRY TO SOLVE THE CHALLENGES EARLIER GENERATIONS HAVE FAILED TO ADDRESS. NEXTGEN EDUCATION FUND UTILIZES A HOLISTIC STRATEGY, INCLUDING ON-THE-GROUND FIELD OPERATIONS, SOPHISTICATED AND CREATIVE ONLINE ORGANIZING, SOCIAL MEDIA OUTREACH INCLUDING INFLUENCER PROGRAMS, PAID MEDIA EFFORTS, AND NATIONAL DISTRIBUTED PROGRAMS. THROUGH THIS INTEGRATED APPROACH, NEXTGEN EDUCATION FUND CONNECTS WITH AND MOBILIZES MILLIONS OF YOUNG PEOPLE EACH YEAR TO ELEVATE THEIR VOICES IN OUR COUNTRY'S DEMOCRATIC PROCESS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Serrurier Bod, Director | Trustee | 0.3 | $0 |
Edward White Bod, Director | Trustee | 1 | $0 |
Fleur Fairman Bod, Director | Trustee | 0.3 | $0 |
Zack Davis Bod, Director | Trustee | 0.3 | $0 |
Delilah Agho-Otoghile Bod, Director | Trustee | 0.3 | $0 |
Andrea Evans Bod, Director | Trustee | 0.3 | $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 | $12,829,866 |
| Noncash contributions included in lines 1a–1f | $5,809,190 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,829,866 |
| 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 | $12,851,474 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,409,352 |
| 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 | $1,149,048 |
| Pension plan accruals and contributions | $35,504 |
| Other employee benefits | $119,044 |
| Payroll taxes | $92,543 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,760 |
| Fees for services: Accounting | $61,149 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,578 |
| Advertising and promotion | $3,560 |
| Office expenses | $39,638 |
| Information technology | $8,213 |
| Royalties | $0 |
| Occupancy | $39 |
| Travel | $42,741 |
| 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 | $7,083 |
| Insurance | $16,595 |
| All other expenses | $0 |
| Total functional expenses | $9,064,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,000,283 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $392,013 |
| 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 | $12,061 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,219,344 |
| Investments—other securities | $681,923 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,305,624 |
| Accounts payable and accrued expenses | $125,127 |
| 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 | $125,127 |
| Net assets without donor restrictions | $3,202,221 |
| Net assets with donor restrictions | $6,978,276 |
| 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 | $10,305,624 |
Grants Awarded
Over the last fiscal year, Nextgen Education Fund has awarded $7,409,352 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR COMMON GROUND INC PURPOSE: GENERAL SUPPORT | $15,000 |
NEXTGEN CLIMATE ACTION DBA NEXTGEN AMERICA PURPOSE: SUPPORT OF C-3 COMPLIANT PROGRAM OPERATIONS | $7,394,352 |