Nexxt Foundation Corp
Nonprofit profile at a glance
- EIN
- 873906334
- IRS 990-EZ coverage
- 2022–2023
- Forms available
- Form 990-EZ 2023
- Location
- Pasadena, CA, USA
- Phone
- 6263605701
- Rating
- 44
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $3,064
- Expenses
- $1,092
- Assets
- $3,761
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- LORENZO LISI (CEO)
People named in this filing
- LORENZO LISI (CEO)
- PAOLO ODIERNA (CFO)
- LETIZIA TANG (SECRETARY)
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 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Nexxt foundation's mission is to provide financial assistance for projects and/or organizations targeting the improvement of quality of life of children and young adults in needs.
What it reported doing in 2023
Gala dinner to raise funds to provide financial assistance for projects and/or organizations targeting the improvement of quality of life of children and young adults in need
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- 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
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. 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: 10
- Transparency & Controls: 82
- Sustainability: 74
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 6%; rating input score 6
- Program expense ratio: 16.9%; rating input score 17
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 64.4%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 3.44; rating input score 77; 77th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -176.4% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: 46.8% per year; rating input score 100; 96th percentile among comparable filings
- Asset growth: 71.1% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 6% of revenue deployed · 16.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $185 in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2022 to 2023
- Contacts: How to reach this organization
- 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 — Financial Efficiency: Mission deployment rate scored 6/100.
- High — Financial Efficiency: Program expense ratio scored 17/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.