Nextechorg Inc

Nonprofit profile at a glance

EIN
453362871
IRS 990 coverage
2021–2024
Forms available
Form 990 2024, Form 990-PF 2020, Form 990-T 2024
Location
Indianapolis, IN, USA
Phone
3176342423
Rating
80
Verdict
STRONG
Rating confidence
Standard

Reported finances

Revenue
$2,540,874
Expenses
$2,489,189
Assets
$4,588,862
Liabilities
$73,292

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • KAREN JUNG (PRESIDENT)

Highest reported compensation

  • KAREN JUNG (PRESIDENT): $241,007 total reported compensation
  • Jeff Bennett (BOARD MEMBER): $209,294 total reported compensation
  • STEPHANIE ZIRCHER (DIRECTOR, OPERATIONS): $183,294 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To engage in charitable and educational activities, including but not limited to, (i) to provide educational opportunities focused on computer science and technology to k-12 students throughout the state of Indiana, (ii) educating and providing professional development opportunities to educators in the state of Indiana in the core competencies of computer science and technology, (iii) increasing awareness in the community regarding computer science and technology education and career opportunities.

What it reported doing in 2024

Student experiences are a set of opportunities for Indiana k-12 students to explore and discover the discipline of computer science and the potential of a post-secondary path and career in technology.

Operating model

Revenue model
Donor-supported. 88% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 69
  • Accountability: 92
  • Sustainability: 48
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.3%; rating input score 89
  • Program expense ratio: 81.6%; rating input score 82
  • Fundraising efficiency: $22.25 raised per $1 spent on fundraising; rating input score 62; 62nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 85.7%; rating input score 86; 17th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 2%; rating input score 41; 41st percentile among comparable filings
  • Total-asset coverage ratio: 1.84; rating input score 59; 59th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 82; 82nd percentile among comparable filings
  • Officer compensation ratio: 18.8%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: 24.7% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 29.6% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 5.8% per year; rating input score 100; 39th percentile among comparable filings

Details

  • Where the money goes: 89.3% of revenue deployed · 81.6% of spending went to programs
  • Governance: 6 of 7 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $2M in reported program spending
  • Leadership: top reported pay $241K · 9 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 45 of 45 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 12 filed money-flow records
  • Related organizations: 8 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Sustainability: Operating margin scored 41/100.
  • Review — Sustainability: Total-asset coverage ratio scored 59/100.
  • High — Sustainability: Officer compensation ratio scored 14/100.