Nextgen Education Fund

Nonprofit profile at a glance

EIN
863766505
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
San Francisco, CA, USA
Phone
6282080650
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Voter Education, Registration

Official website

Reported finances

Revenue
$20,211,479
Expenses
$23,957,017
Assets
$6,658,589
Liabilities
$223,630

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

Leadership & pay

14 people listed

Executive titles in this filing

  • CRISTINA TZINTZUN RAMIREZ (PRESIDENT / EXECUTIVE DIRECTOR)

Highest reported compensation

  • CRISTINA TZINTZUN RAMIREZ (PRESIDENT / EXECUTIVE DIRECTOR): $267,637 total reported compensation
  • KEITH YETTER (COO / CORPORATE SECRETARY): $229,921 total reported compensation
  • MARVIN NIM (SR. DIRECTOR, ADMIN / TREASURER): $196,398 total reported compensation

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

Overview

Mission

Nextgen education fund's mission is to educate and empower young americans to strengthen our democracy through voting and civic engagement.

What it reported doing in 2024

Nextgen 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.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 99% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 83
  • Accountability: 86
  • Sustainability: 25
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 94.1%; rating input score 94
  • Fundraising efficiency: $23.48 raised per $1 spent on fundraising; rating input score 61; 61st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 41st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -18.5%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 0.28; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 86; 86th percentile among comparable filings
  • Officer compensation ratio: 0.3%; rating input score 90; 90th percentile among comparable filings

Growth

  • Program expense growth: 108.4% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 49.8% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 1.8% per year; rating input score 100; 17th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 94.1% of spending went to programs
  • Governance: 8 of 8 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $22.5M in reported program spending
  • Leadership: top reported pay $268K · 14 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 26 of 26 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 4 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.

  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Sustainability: Operating margin scored 5/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.