Nonprofit · EIN 16-1195028
NEXTCORPS INC
Tax-exempt · ROCHESTER, NY 14604
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $13,201,479 | $10,041,666 | $3,159,813 | $44,800,835 | $8,253,319 | $36,547,516 |
| June 30, 2024 | 990 | $13,633,546 | $11,235,051 | $2,398,495 | $40,617,824 | $7,227,911 | $33,389,913 |
| June 30, 2023 | 990 | $14,656,839 | $12,013,233 | $2,643,606 | $36,635,804 | $5,644,542 | $30,991,262 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $11,315,962
- of which government grants
- $10,222,728
- Membership dues
- $75,523
- Program service revenue
- $1,711,119
- Investment income
- $174,398
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $826,667
- Other salaries and wages
- $3,416,741
- Salaries, compensation and benefits (total)
- $4,203,822
- Professional fundraising fees
- $0
- Legal fees
- $6,717
- Accounting fees
- $34,211
- Occupancy
- $185,209
- Travel
- $147,681
- Depreciation
- $432,006
- Program services (functional)
- $8,934,505
- Management and general (functional)
- $1,107,161
Balance sheet and other
- Total assets, start of year
- $40,617,824
- Total assets, end of year
- $44,800,835
- Total liabilities, end of year
- $8,253,319
- Net assets, end of year
- $36,547,516
- Land, buildings and equipment
- $11,697,308
- Net assets without donor restrictions
- $36,367,288
- Net assets with donor restrictions
- $180,228
- Gross receipts
- $13,201,479
- Employees
- 0
- Volunteers
- 25
- Year formed
- 1987
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEVE DEWHURST | DIRECTOR Trustee or director | 0.5 | $0 | $622,894 | $52,857 |
| PETER G ROBINSON | DIRECTOR & CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $517,831 | $132,020 |
| THERESA B MAZZULLO | DIRECTOR Trustee or director | 0.5 | $0 | $312,624 | $55,233 |
| CHRISTINE B WHITMAN | DIRECTOR - THRU NOV 2024 Trustee or director | 0.5 | $0 | $0 | $0 |
| LORI GREEN | DIRECTOR, VICE CHAIR & SEC Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| JAMES S SENALL | DIRECTOR & PRESIDENT Trustee or director, Officer | 40 | $0 | $0 | $0 |
| ARUNAS CHESONIS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DANA MILLER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JAY POPLI | DIRECTOR & TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| RYNE RAFFAELLE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JOE WESLEY | DIRECTOR - THRU FEB 2025 Trustee or director | 0.5 | $0 | $0 | $0 |
| ANA LISS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DAN BURNS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JEFFREY QUAIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| TIMOTHY THANEY | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN F MAGEE | CFO Officer | 40 | $0 |
| SUJATHA RAMANUJAN | MANAGING DIRECTOR, LUMINAT Officer | 40 | $0 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEVE DEWHURST | DIRECTOR - AS OF NOV 2023 Trustee or director | 0.5 | $0 | $585,662 | $64,096 |
| PETER G ROBINSON | DIRECTOR & CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $506,610 | $128,259 |
| THERESA B MAZZULLO | DIRECTOR Trustee or director | 0.5 | $0 | $305,072 | $46,211 |
| JOSEPH RIZZO | DIRECTOR - THRU FEB 2024 Trustee or director | 0.5 | $0 | $0 | $0 |
| CHRISTINE B WHITMAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| LORI GREEN | DIRECTOR, VICE CHAIR & SEC Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| JAMES S SENALL | DIRECTOR & PRESIDENT Trustee or director, Officer | 40 | $0 | $0 | $0 |
| ARUNAS CHESONIS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JOHN D MCCURDY | DIRECTOR & TREASURER - THRU FEB 2024 Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| DANA MILLER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JAY POPLI | DIRECTOR & TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| RYNE RAFFAELLE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JOE WESLEY | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| ANA LISS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DAN BURNS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JEFFREY QUAIN | DIRECTOR - AS OF FEB 2024 Trustee or director | 0.5 | $0 | $0 | $0 |
| TIMOTHY THANEY | DIRECTOR - AS OF MAY 2024 Trustee or director | 0.5 | $0 | $0 | $0 |
| JOHN F MAGEE | CFO Officer | 40 | $0 | $0 | $0 |
| SUJATHA RAMANUJAN | MANAGING DIRECTOR, LUMINAT Officer | 40 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PETER G ROBINSON | DIRECTOR & CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $495,130 | $176,582 |
| THERESA B MAZZULLO | DIRECTOR Trustee or director | 0.5 | $0 | $364,489 | $55,559 |
| JOSEPH RIZZO | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| CHRISTINE B WHITMAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| LORI GREEN | DIRECTOR, VICE CHAIR & SEC Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| JAMES S SENALL | DIRECTOR & PRESIDENT Trustee or director, Officer | 40 | $0 | $0 | $0 |
| ARUNAS CHESONIS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JOHN D MCCURDY | DIRECTOR & TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| DANA MILLER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JAY POPLI | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DAN CUNIFFE | DIRECTOR - THRU DEC 2022 Trustee or director | 0.5 | $0 | $0 | $0 |
| RYNE RAFFAELLE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JOE WESLEY | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| ANA LISS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DAN BURNS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| SUJATHA RAMANUJAN | MANAGING DIRECTOR, LUMINAT Officer | 40 | $0 | $0 | $0 |
| JOHN MAGEE | MANAGING DIRECTOR, FINANCE AS OF JAN 2023 Officer | 40 | $0 | $0 | $0 |
| CANDICE SHEFFER | MANAGING DIRECTOR, FINANCE THRU MARCH 2023 Officer | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 260 E MAIN ST STE 6000, ROCHESTER, NY 14604-2107
- In care of
- % PAUL D WETENHALL
- Principal officer (990 for 2024)
- JAMES S SENALL, 260 E MAIN STREET 6000, ROCHESTER, NY 14604
- Signed the 990
- JAMES S SENALL, DIRECTOR & PRESIDENT
- Phone
- (585) 214-2400
- Website
- WWW.NEXTCORPS.ORG
- Return prepared by
- MENGEL METZGER BARR & CO LLP
Mission
NEXTCORPS IS A NON-PROFIT HELPING INNOVATIVE TECHNOLOGY COMPANIES LAUNCH AND GROW.
Program accomplishments
- THIS GROUP OF PROGRAMS IS ACCELERATING OUR REGION'S TRANSFORMATION INTO A TOP TECH HUB IN AMERICA BY CONNECTING ENTREPRENEURS AND BUSINESSES WITH THE SUPPORT THEY NEED TO GROW, INCLUDING EXPERTS, CAPITAL, CUSTOMERS, AND VETTED PARTNERS AND SUPPLIERS. THIS INCLUDES OPERATING AN INCUBATOR TO HELP FOUNDERS DEVELOP INNOVATIVE TECHNOLOGIES; CLIMATE TECH ACCELERATOR PROGRAMS THAT HELP SPEED THE COMMERCIALIZATION OF CLEAN ENERGY SOLUTIONS; MANUFACTURING ACCELERATOR PROGRAMMING TO HELP SCALE HARDWARE FROM PROTOTYPE TO MASS PRODUCTION IN NEW YORK STATE, AND A NO-CODE SOFTWARE BOOTCAMP THAT TEACHES NON TECHNICAL PEOPLE HOW TO LAUNCH A SOFTWARE BUSINESS, AND RELATED EDUCATIONAL SESSIONS THAT ENGAGED MORE THAN 170 ENTREPRENEURS AND THEIR EMERGING COMPANIES THROUGHOUT THE YEAR.Expenses $5,260,301 · grants $816,667 · revenue $515,743
- THE MEP CENTER AT NEXTCORPS CONNECTS PRINTER, FOOD AND BEVERAGE, OR PRODUCTION-RELATED COMPANIES LOCATED IN ROCHESTER AND THE FINGER LAKES REGION TO LOCAL AND NATIONAL RESOURCES TO HELP THEM IMPROVE THEIR COMPETITIVENESS AND GROWTH. MORE THAN 90 PROJECTS WERE COMPLETED OVER THE LAST FOUR QUARTERS FOR CLIENTS, RESULTING IN APPROXIMATELY $190 MILLION IN ECONOMIC IMPACT AND 695 JOBS CREATED OR RETAINED (CLIENT REPORTED DATA). ADDITIONALLY, THE CENTER OFFERED ASSISTANCE TO STARTUP COMPANIES THAT ARE IN THE PROCESS OF GETTING THEIR PRODUCTS MANUFACTURED.Expenses $1,875,498 · revenue $1,079,395
- A GLOBAL ACCELERATOR PROGRAM, COMPETITION, AND INVESTMENT MECHANISM THAT IMPROVES THE INVESTMENT READINESS AND COMMERCIALIZATION TRAJECTORY OF STARTUPS THAT ARE DEVELOPING DEEP TECH ENABLED BY OPTICS, PHOTONICS, OR IMAGING. COMPANIES ACCEPTED INTO LUMINATE ARE SOLVING PRESSING PROBLEMS IN ALMOST EVERY INDUSTRY, FROM AUGMENTED/VIRTUAL REALITY, AUTONOMOUS VEHICLES AND LIFE SCIENCES, TO QUANTUM COMPUTING, SECURITY, AGTECH, AND MUCH MORE. BY GRANT DESIGN, THE PROGRAM SURPLUS IS APPLIED AS INVESTMENT IN PROMISING PARTICIPANTS.Expenses $1,798,706 · grants $10,000 · revenue $115,981
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 16-1195028
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Social science (V200)
- Assets (IRS master file)
- $44,800,835
- Income (IRS master file)
- $13,201,479
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $13,201,479 | $10,041,666 | $44,800,835 | IRS |
| 990 | June 2024 | $13,633,546 | $11,235,051 | $40,617,824 | IRS |
| 990 | June 2023 | $14,656,839 | $12,013,233 | $36,635,804 | XML |
| 990 | June 2022 | $13,022,284 | $9,944,756 | $34,895,664 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 16-1195028).
Questions about NEXTCORPS INC
- What is the EIN of NEXTCORPS INC?
- The employer identification number (EIN) of NEXTCORPS INC is 16-1195028.
- Is NEXTCORPS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to NEXTCORPS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEXTCORPS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEXTCORPS INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEXTCORPS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEXTCORPS INC?
- The 990 for the year ended June 30, 2025 names JAMES S SENALL.
- Who are the officers and directors of NEXTCORPS INC?
- The 990 for the year ended June 30, 2025 lists 17 people; 0 received compensation from the organization.
- How much revenue does NEXTCORPS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $13,201,479, expenses of $10,041,666 and total assets of $44,800,835 at year end.
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- ROCHESTER INSTITUTE OF TECHNOLOGY EIN 16-0743140 · last filed 990 for 2025
- THE UNITY HOSPITAL OF ROCHESTER EIN 23-7221763 · last filed 990 for 2024
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