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Nextgen Education Fund
Nextgen Education Fund reported $20.2 million in revenue and $24.0 million in expenses for calendar year 2024. Of every $100 it spent, $94.12 went to program services, $2.32 to management and general costs and $3.56 to fundraising. Its largest source of revenue was contributions and grants: 99.1% of the total. The highest compensation it reported for one person was $267,637 (PRESIDENT / EXECUTIVE DIRECTOR). Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $24MFor context, the median across 132 covered civil rights, social action & advocacy charities: $84.11 programs, $11.40 management, $4.49 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $20MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 94.1% | 82.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 2.3% | 11.1% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.6% | 4.4% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.04 | $0.05 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 99.1% | 94.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.3% |
| Highest reported compensation Part VII-A, columns D–F | $267,637 | $321,771 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.12% | 1.81% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 3.2 | 10.5 |
| Independent voting board members Part VI 1a–1b | 8 of 8 | 100.0% |
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
2024 · Form 990, Part III · the three largest programs by expenseNextgen Education Fund educates and empowers young americans to participate in our democracy by making grants to support nonpartisan civic engagement and voter education activities, including on-the-ground field operations, creative online organizing, social media outreach including influencer programs, paid media, and national distributed programs. Through these grants, Nextgen Education Fund educates and mobilizes millions of young people each year to elevate their voices in our country's democratic process
Highest reported compensation
2024 · 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 |
|---|---|---|---|---|
| PRESIDENT / EXECUTIVE DIRECTOR Officer, 10.00 hrs/week | $0 | $238,700 | $28,937 | $267,637 |
| COO / CORPORATE SECRETARY Officer, 10.00 hrs/week | $0 | $210,959 | $18,962 | $229,921 |
| SR. DIRECTOR, ADMIN / TREASURER Officer, 10.00 hrs/week | $0 | $170,756 | $25,642 | $196,398 |
| VP, FINANCE / CORP TREAS (TO 11/15) Officer, 10.00 hrs/week | $0 | $167,610 | $9,453 | $177,063 |
0 people received more than $100,000 in reportable compensation from Nextgen Education Fund (Part VII, line 2).
4 filings since FY2021 (8 mo.)
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · 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–1b8 · 8 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 15aNo
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- 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
Private foundation grants it received
13 private foundations reported grants to Nextgen Education Fund totaling $4.7M 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 Nextgen Education Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Nextgen Education Fund, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Nextgen Education Fund spent in 2024, $94.12 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Oneten CoalitionMontclair, NJ · revenue $20M · programs 76.4% · 2024
- California Court Appointed Special Advocate AssociationSan Diego, CA · revenue $20M · programs 93.3% · FY2025
- Third Way InstituteWashington, DC · revenue $19M · programs 99.0% · 2024
- Disability Rights TexasAustin, TX · revenue $20M · programs 91.6% · FY2025
- State VoicesWashington, DC · revenue $19M · programs 81.0% · 2024
All civil rights, social action & advocacy charities · Largest charities in California
Questions people ask
How much of Nextgen Education Fund's spending goes to programs?
In calendar year 2024, Nextgen Education Fund reported that 94.1% of its $24.0 million in expenses went to program services, 2.3% to management and general and 3.6% to fundraising (Form 990, Part IX).
How much does Nextgen Education Fund pay its top executive?
The largest total compensation Nextgen Education Fund reported for one person in calendar year 2024 was $267,637, for the role of PRESIDENT / EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Nextgen Education Fund get its money?
Of $20.2 million in revenue in calendar year 2024, 99.1% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Nextgen Education Fund a registered charity?
The IRS lists EIN 86-3766505 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 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202542979349300729 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443119349302639 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303199349320130 · read the filing
- FY2021 (8 mo.): Form 990 for the 8-month short period ending December 31, 2021, object 202213199349329721 · read the filing
All filings for EIN 86-3766505: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.