Nextgen Aaa Foundation

Nonprofit profile at a glance

EIN
822577901
IRS 990-EZ coverage
2024–2024
Forms available
Form 990 2023, Form 990-EZ 2024
Location
New York, NY, USA
Phone
2124181287
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$60,786
Expenses
$62,526
Assets
$26,332
Liabilities
$0

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

Leadership & pay

6 people listed

Executive titles in this filing

  • BRYCE SALVADOR (CO-FOUNDER/PRESIDENT)
  • SHAWNE ROBINSON (EXECUTIVE DIRECTOR)

People named in this filing

  • BRYCE SALVADOR (CO-FOUNDER/PRESIDENT)
  • DEE DEE RICKS (CO-FOUNDER/CHAIR)
  • LYARD BRACEFUL (VICE CHAIR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

The mission of the nextgen aaa foundation is to provide mentoring, education, and hockey programs to diverse, low-income, and at-risk youth throughout the united states. Nextgen aaa foundation seeks to promote character development and personal growth both "on and off the

What it reported doing in 2024

The organization's education program offers tutoring, mentoring, and character education, as well as a variety of educational services to help students thrive in school, while providing guidance on admission and financial aid for high school and college. The organization's hockey program offers talented and high performing students with free or subsidized hockey instruction, equipment and practice to advance their skill levels, allowing them to participate in tournament play around the nation, while developing their sense of pride and discipline.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 45% for direct work, and 55% for grants.

The verdict

SUPPORTED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 51
  • Transparency & Controls: 100
  • Sustainability: 41
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 51%; rating input score 51
  • Program expense ratio: 49.6%; rating input score 50

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -2.9%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 0.42; rating input score 26; 26th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -9.8% per year; rating input score 0; 24th percentile among comparable filings
  • Asset growth: -15.7% per year; rating input score 0; 12th percentile among comparable filings

Details

  • Where the money goes: 51% of revenue deployed · 49.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $31K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 51/100.
  • Review — Financial Efficiency: Program expense ratio scored 50/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 39/100.
  • High — Sustainability: Total-asset coverage ratio scored 26/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.