2025-11-07T09:45:53-06:00 2024-12-31 521853933 JM&M 10500 LITTLE PATUXENT PARKWAY SUITE 770 COLUMBIA MD 21044 990 2024-01-01 471062933 KW NEXT GEN KWNE 7372842455 1221 S MOPAC EXPRESSWAY SUITE 110 AUSTIN TX 78746 MARK BRENNEMAN TREASURER 7372842455 2025-11-05 1 1 SEAN MCELWANEY P01608821 4108840220 2024 2025-03-06 01:10:19Z MARK BRENNEMAN 1221 S MOPAC EXPRESSWAY SUITE 110 AUSTIN TX 78746 1373664 0 X KWNEXTGEN.ORG X 2014 TX TO EMPOWER AND EQUIP THE NEXT GENERATION OF LEADERS AND ENTREPRENEURS WITH THE TOOLS NEEDED TO REMOVE LIMITING BELIEFS, TAKE ACTION, AND LIVE A BIG LIFE. 11 11 0 200 0 0 1229576 998969 259985 278144 88752 96551 -11369 -16812 1566944 1356852 294665 464637 0 0 0 782883 0 0 171423 1298929 603928 1593594 1851448 -26650 -494596 3334620 2873745 119356 153077 3215264 2720668 TO EMPOWER AND EQUIP THE NEXT GENERATION OF LEADERS AND ENTREPRENEURS WITH THE TOOLS NEEDED TO REMOVE LIMITING BELIEFS, TAKE ACTION, AND LIVE A BIG LIFE. 0 0 735409 278144 EDUCATIONAL PROGRAMS - EACH YEAR, KW NEXT GEN LEADS EDUCATIONAL LEARNING EVENTS FACILITATED BY VOLUNTEER INSTRUCTORS. THE PROGRAMS ARE CLASSES THAT SHATTER LIMITING BELIEFS AND HELP BUDDING ENTREPRENEURS AND NEXT-GENERATION LEADERS DEFINE THEIR PERSONAL MISSION AND DISCOVER THEIR PATH TO A FULFILLED LIFE. KW NEXT GEN ALSO LEADS 3-MONTH ONE-ON-ONE COACHING PROGRAMS FOR STUDENTS TO ACCELERATE THEIR GOALS. 464637 464637 PROVISION OF SCHOLARSHIPS - KW NEXT GEN PROVIDES SCHOLARSHIPS IN THE AMOUNT OF UP TO $10,000 LIFETIME MAXIMUM TO FUND INDIVIDUALS' EDUCATION, TRAINING, COACHING, AND/OR CERTIFICATIONS, AS SELECTED BY AN OBJECTIVE SELECTION COMMITTEE. 1200046 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X SHARON GIBBONS 7372842455 11549 SPICEWOOD PKWY AUSTIN TX 78750 X NIKKI MILLER PRESIDENT 1.00 X 0 0 0 MARK BRENNEMAN TREASURER 1.00 X 0 0 0 JENNIE WOLEK SECRETARY 1.00 X 0 0 0 CHRISTOPHER BAKER DIRECTOR 1.00 X 0 0 0 JENNIFER LEWIS DIRECTOR 1.00 X 0 0 0 BRIAN WENTZ DIRECTOR 1.00 X 0 0 0 JORDAN LARSEN DIRECTOR 1.00 X 0 0 0 JESSE COLEMAN DIRECTOR 1.00 X 0 0 0 JESSICA ESTRADA DIRECTOR 1.00 X 0 0 0 KAMI MINKS DIRECTOR 1.00 X 0 0 0 USHA PATEL DIRECTOR 1.00 X 0 0 0 WENDY PAPASAN DIRECTOR UNTIL FEBRUARY 1.00 X 0 0 0 BRANDI LAUVE EXECUTIVE DIRECTOR 40.00 X 0 0 0 0 0 0 0 0 0 1 RIPPLEFFECT INC PO BOX 441 PORTLAND ME 04112 ADVERTISING/ MARKETING 101163 1 191581 807388 998969 QUANTUM LEAP 611430 239799 239799 MEGA CAMP 900099 38345 38345 278144 96551 96551 0 191581 16812 -16812 -16812 1356852 278144 0 79739 464637 464637 183388 80691 64186 38511 492077 216514 172227 103336 27226 11979 9529 5718 22056 9705 7719 4632 58136 25580 20348 12208 7200 7200 49931 49931 20059 15044 5015 108889 62406 41604 4879 22116 22116 38707 38707 1144 1144 5359 5359 111521 111521 1572 692 550 330 SUMMIT AND WORKSHOP EXP 153844 153844 EDUCATION EXPENSES 49242 47433 1809 DUES AND SUBSCRIPTIONS 26356 26356 TRAINING 7988 7988 1851448 1200046 479979 171423 376540 159955 2731801 2539466 8410 11428 214851 165914 3334620 2873745 119356 153077 119356 153077 X 3215264 2720668 3215264 2720668 3334620 2873745 -494596 0 X X 0 1 X 1 0 X 968242 1101700 1350079 1229576 998969 5648566 968242 1101700 1350079 1229576 998969 5648566 37312 5611254 7949 7130 13873 88752 96551 214255 5862821 1055894 0.95710 0.97180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 1373664 16812 16812 1356852 0 1356852 1868260 16812 16812 1851448 0 1851448 PART X, LINE 2: THE ORGANIZATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITION TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS OR THAT WOULD HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. THERE ARE NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES THAT NEED TO BE RECORDED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 16,812. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 16,812. FOUNDERS DAY 191581 191581 16812 191581 191581 16812 16812 -16812 1 SCHOLARSHIPS 109 464637 PART I, LINE 2: THE ORGANIZATION REQUIRES RECIPIENTS TO PROVIDE DOCUMENTATION PRIOR TO ISSUANCE OF SCHOLARSHIP FUNDS, AND MONITORS USAGE TO CONFIRM FUNDS ARE USED IN ACCORDANCE WITH THE TERMS OF THE SCHOLARSHIP. 0 0 0 0 0 0 0 0 0 FORM 990, PART VII, LINE 5: SALARIES ARE PAID BY KELLER WILLIAMS REALTY, INC., AN AFFILIATED BUT UNRELATED ENTITY, AND KW NEXT GEN REIMBURSES THAT ENTITY FOR THE SALARIES OF ITS EXECUTIVE DIRECTOR AND OTHER EMPLOYEES. DURING 2024, THE EXECUTIVE DIRECTOR RECEIVED FORM W-2 WAGES OF $172,647 AND NONTAXABLE BENEFITS OF $10,741. FORM 990, PART VI, SECTION A, LINE 4 DURING THE YEAR, THE ORGANIZATION CHANGED ITS LEGAL NAME FROM "KW KIDS CARE, INC." TO "KW NEXT GEN," EFFECTIVE NOVEMBER 8, 2024. IN ADDITION, THE BOARD ADOPTED AMENDED AND RESTATED BYLAWS TO UPDATE GOVERNANCE PRACTICES, INCLUDING BOARD SIZE/TERMS, MEETING PROCEDURES, CONFLICT-OF-INTEREST CONTROLS, AND COMPENSATION-SETTING PROCEDURES. THESE ACTIONS DID NOT CHANGE THE ORGANIZATION'S CHARITABLE PURPOSES. FORM 990, PART VI, SECTION B, LINE 11B 990 IS PROVIDED AND REVIEWED BY DIRECTORS IN A SPECIALLY CALLED MEETING AFTER THE EXECUTIVE BOARD HAS REVIEWED. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO SIGN AN ANNUAL STATEMENT INDICATING THEY HAVE READ, UNDERSTAND AND AGREE TO COMPLY WITH THE POLICY. THE POLICY ITSELF PROHIBITS PARTICIPATION IN ANY ACTIVITIES THAT WOULD BE A CONFLICT OF INTEREST EXCEPT WITH THE APPROVAL OF THE BOARD AFTER FULL DISCLOSURE OF ALL RELEVANT INFORMATION. THE EXECUTIVE BOARD AND INTERNAL AFFAIRS COMMITTEE REVIEW AND ENFORCE THIS POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE HR DEPARTMENT OF KELLER WILLIAMS REALTY ("KWR"), AN AFFILIATED BUT UNRELATED ENTITY, PROVIDES THE SALARY COMPARABLE DATA FOR KW NEXT GEN ("KWNG") EMPLOYEES EACH YEAR AS PART OF THE SOW AGREEMENT BETWEEN THE TWO ORGANIZATIONS. THIS SALARY COMPARABLE DATA IS PRESENTED, REVIEWED, AND DISCUSSED IN THE KWR EXECUTIVE COMMITTEE, THEN THAT COMMITTEE DETERMINES ALL THE SALARIES EACH YEAR. THE KWNG EXECUTIVE COMMITTEE HAS THE FINAL DECISION ON ALL SALARIES, BONUSES, OR INCREASES FOR KWNG EMPLOYEES, INCLUDING THE EXECUTIVE DIRECTOR. THIS PROCESS BEGINS IN NOVEMBER-DECEMBER EACH YEAR FOR THE NEXT YEAR'S BUDGET PLANNING. THIS WAS LAST PERFORMED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT-OF-INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE AND UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS AUDIT OVERSIGHT PROCESS OR SELECTION PROCESS OF AN INDEPENDENT ACCOUNTANT DURING THE TAX YEAR.