The Next Step Foundation
- Assets
- $30.2k
- Revenue
- $871.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Austin, TX
- Founding
- Data as of
- 12/2023
- EIN
- 87-3076934
Organization Overview
The Next Step Foundation is located in Austin, TX. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 12/2023, Next Step Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Next Step 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 12/2023, Next Step Foundation generated $871.1k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 33.4% each year . All expenses for the organization totaled $847.9k during the year ending 12/2023. While expenses have increased by 30.8% per year over the past 2 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
ENHANCING ECONOMIC INCLUSION IN AFRICA THROUGH THE CREATION OF DIGITAL JOBS FOR PEOPLE FROM DISADVANTAGED COMMUNITIES, PREDOMINANTLY WOMEN, THE CHRONICALLY UNEMPLOYED AND PERSONS WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDED COMPREHENSIVE FOUR WEEK TRAINING TO 50 TALENTED PERSONS WITH DISABILITIES, FOCUSING ON HONING THEIR SKILLS IN DATA ANNOTATION. JOB PLACEMENTS ARE CURRENTLY ONGOING WITH WORK TO INTEGRATE THESE INDIVIDUALS INTO THE PROFESSIONAL WORLD. IN PARTNERSHIP WITH MINISTRY OF LABOUR & SOCIAL PROTECTION AND KCB BANK, A COHORT COMPRISED OF 20 PERSONS WITH DISABILITIES UNDERWENT A COMPREHENSIVE FOUR WEEK TRAINING REGIMEN ENCOMPASSING FUNDAMENTAL DIGITAL SKILLS, DATA ANNOTATION, OPTICAL CHARACTER RECOGNITION, JOB READINESS AND LIFE SKILLS WORKSHOPS. OUR TRANSFORMATIVE PARTNERSHIP WITH ILAB AFRICA AND LUDIQUEWORKS INVOLVED 18 NEURODIVERSE STUDENTS IMMERSING THEMSELVES IN A FOUNDATIONAL TRAINING PROGRAM FOR BASIC-LEVEL SKILLS IN GAMING AND DEVELOPMENT, SETTING THE STAGE FOR THEIR JOURNEY INTO THIS DYNAMIC FIELD. THROUGH OUR PARTNERSHIP WITH DISABILITY RIGHTS AND EMPOWERMENT TRUST AND THE MORINGA SCHOOL, FULL SCHOLARSHIPS WERE AWARDED TO FIVE INCREDIIBLY TALENTED PERSONS WITH DISABILITIES, GRANTING THEM ACCESS TO UPSKILL IN THE FIELD OF SOFTWARE ENGINEERING. ALONGSIDE THE MICROSOFT AFRICA DEVELOPMENT CENTRE, WE HOSTED AN ENLIGHTENING MENTORING SESSION CATERED SPECIFICALLY FOR PERSONS WITH DISABILITIES ENROLLED IN OUR SKILLING PROGRAMS. PARTICIPANTS GAINED FIRST HAND INSIGHTS INTO THE INTRICATE NUANCES OF THE TECHNOLOGY JOB MARKET. IN 2023, WE WERE THRILLED TO WITNESS THE IMPACT OF OUR SKILLS TRAINING PROGRAM, AS 70% OF THE PERSONS WITH DISABILITIES TRAINED IN THE PROGRAM WERE SUCCESSFULLY PLACED INTO JOBS. FOR PERSPECTIVE, THE AVERAGE NATIONAL PERCENTAGE OF PERSONS WITH DISABILITES' EMPLOYED IN MOST ORGANIZATIONS IS 9.8%.
IN JANUARY 2023, WE LAUNCHED OUT CORPORATE DISABILITY INCLUSION TRAINING SESSIONS WITH THE GOAL TO RAISE AWARENESS BY SHARING KNOWLEDGE AND BUILDING CONFIDENCE ON ALL PARTIES REGARDING DISABILITY INCLUSION AT THE WORKPLACE. WE SUCCESSFULLY CONDUCTED TWELVE AWARENESS SESSIONS ACROSS DIFFERENT SECTORS AND REACHED APPROXIMATELY 770 EMPLOYERS AND STAFF IN DIFFERENT SECTORS.
WE LAUNCHED OUR NIKKOWORKX JOB READINESS TRAINING PLATFORM, WHICH PROVIDES INDIVIDUALS WITH ESSENTIAL DATA ANNOTATION SKILLS CRUCIAL FOR DRIVING ADVANCEMENTS IN AI, AS SEEN IN TECHNOLOGIES LIKE OPENAI'S CHATGPT AND TESLA'S AUTONOMOUS DRIVING SYSTEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Harrison Executive Ch | OfficerTrustee | 40 | $200,000 |
Charles Scott Harrison Director | Trustee | 1 | $0 |
Sarah L Harrison Secretary/di | OfficerTrustee | 1 | $0 |
Peres Were Director | Trustee | 1 | $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 | $871,063 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $871,063 |
| 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 | $871,063 |
| 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 | $467,862 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $200,000 |
| Compensation of current officers, directors, key employees. | $40,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,722 |
| Payroll taxes | $25,195 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $275 |
| Fees for services: Accounting | $2,555 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,871 |
| Advertising and promotion | $1,270 |
| Office expenses | $4,961 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,642 |
| Travel | $6,446 |
| 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 | $678 |
| Total functional expenses | $847,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,976 |
| 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 | $250 |
| Other assets | $0 |
| Total assets | $30,226 |
| Accounts payable and accrued expenses | $5,105 |
| 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 | $5,105 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $25,121 |
| Total liabilities and net assets/fund balances | $30,226 |