Nextcorps
Nextcorps reported $13.2 million in revenue and $10.0 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $88.97 went to program services, $11.03 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 85.7% of the total. Government grants made up 77.4%. The highest compensation it reported for one person was $675,751 (DIRECTOR). Revenue rose 29% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $10MFor context, the median across 54 covered social science charities: $84.80 programs, $13.80 management, $1.40 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $13MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 89.0% | 81.3% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.0% | 13.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 1.3% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.03 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 85.7% | 81.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 77.4% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 13.0% | 4.4% |
| Highest reported compensation Part VII-A, columns D–F | $675,751 | $467,896 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 6.73% | 2.13% |
| People paid over $100,000 Part VII, line 2 | 0 | 19 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 43.7 | 16.5 |
| Independent voting board members Part VI 1a–1b | 12 of 13 | 96.5% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThis group of programs is accelerating our region's transformation into a top tech hub in america by connecting entrepreneurs and businesses with the support they need to grow, including experts, capital, customers, and vetted partners and suppliers. This includes operating an incubator to help founders develop innovative technologies; climate tech accelerator programs that help speed the commercialization of clean energy solutions; manufacturing accelerator programming to help scale hardware from prototype to mass production in new york state, and a no-code software bootcamp that teaches non…
The mep center at nextcorps connects printer, food and beverage, or production-related companies located in rochester and the finger lakes region to local and national resources to help them improve their competitiveness and growth. More than 90 projects were completed over the last four quarters for clients, resulting in approximately $190 million in economic impact and 695 jobs created or retained (client reported data). Additionally, the center offered assistance to startup companies that are in the process of getting their products manufactured
A global accelerator program, competition, and investment mechanism that improves the investment readiness and commercialization trajectory of startups that are developing deep tech enabled by optics, photonics, or imaging. Companies accepted into luminate are solving pressing problems in almost every industry, from augmented/virtual reality, autonomous vehicles and life sciences, to quantum computing, security, agtech, and much more. By grant design, the program surplus is applied as investment in promising participants
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| DIRECTOR Director/trustee, 0.50 hrs/week | $0 | $622,894 | $52,857 | $675,751 |
| DIRECTOR & CHAIRMAN Director/trustee, officer, 0.50 hrs/week | $0 | $517,831 | $132,020 | $649,851 |
| DIRECTOR Director/trustee, 0.50 hrs/week | $0 | $312,624 | $55,233 | $367,857 |
0 people received more than $100,000 in reportable compensation from Nextcorps (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b13 · 12 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 625
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| ALCOTT HR GROUP LLC Leased employees | $3,833,059 |
| THE RESEARCH FOUNDATION FOR SUNY Program delivery | $784,608 |
| SECONDMUSE LLC Program delivery | $604,099 |
| SIBLEY REDEVELOPMENT LIMITED PARTNERSHIP Common area maintenance | $190,301 |
| SOLUTIONS BY SLOAN INC Consultant for luminate | $143,306 |
Individuals listed as contractors are left out. 8 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Nextcorps totaling $5,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Nextcorps's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Nextcorps, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Nextcorps spent in FY2025, $88.97 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- American Institute for Economic ResearchGreat Barrington, MA · revenue $13M · programs 70.0% · 2025
- Social Science Research CouncilBrooklyn, NY · revenue $14M · programs 85.7% · FY2025
- Center for Applied Research SolutionsSanta Rosa, CA · revenue $13M · programs 89.7% · 2024
- American Economic AssociationNashville, TN · revenue $14M · programs 87.4% · 2024
- Washington Center for Equitable GrowthWashington, DC · revenue $12M · programs 61.3% · 2024
All social science charities · Largest charities in New York
Questions people ask
How much of Nextcorps's spending goes to programs?
In the fiscal year ending June 30, 2025, Nextcorps reported that 89.0% of its $10.0 million in expenses went to program services, 11.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Nextcorps pay its top executive?
The largest total compensation Nextcorps reported for one person in the fiscal year ending June 30, 2025 was $675,751, for the role of DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Nextcorps get its money?
Of $13.2 million in revenue in the fiscal year ending June 30, 2025, 85.7% came from contributions and grants (including 77.4% from government grants) and 13.0% from program service revenue (Form 990, Part VIII).
Is Nextcorps a registered charity?
The IRS lists EIN 16-1195028 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601339349305905 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511339349302266 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431369349301583 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341359349310689 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202200469349301510 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131209349300503 · read the filing
All filings for EIN 16-1195028: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.