Nonprofit · EIN 27-1276227
GEN NEXT FOUNDATION
Tax-exempt · IRVINE, CA 92612
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $258,246 | $492,141 | -$233,895 | $138,086 | $24,644 | $113,442 |
| December 31, 2023 | 990 | $1,059,824 | $1,120,902 | -$61,078 | $347,337 | $0 | $347,337 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $258,246
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $40,000
- Other salaries and wages
- $36,300
- Salaries, compensation and benefits (total)
- $36,342
- Professional fundraising fees
- $0
- Accounting fees
- $4,250
- Program services (functional)
- $437,296
- Management and general (functional)
- $54,845
Balance sheet and other
- Total assets, start of year
- $347,337
- Total assets, end of year
- $138,086
- Total liabilities, end of year
- $24,644
- Net assets, end of year
- $113,442
- Net assets without donor restrictions
- $113,442
- Gross receipts
- $258,246
- Employees
- 0
- Volunteers
- 8
- Year formed
- 2009
- State of legal domicile
- CA
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL DAVIDSON | CEO Officer | 25 | $40,000 |
| PAUL MAKARECHIAN | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| JOHN RYDELL | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN DUNLAP | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN FERGUSON | DIRECTOR Trustee or director | 1 | $0 |
| DJ BURKE | SECRETARY Trustee or director, Officer | 1 | $0 |
| ROMAN TSUNDER | DIRECTOR Trustee or director | 1 | $0 |
| PIERRE PROSPER | DIRECTOR Trustee or director | 1 | $0 |
| TODD RUSTMAN | TREASURER Trustee or director, Officer | 1 | $0 |
| WADE LAIRSEN | PRESIDENT Officer | 40 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL DAVIDSON | CEO Officer | 25 | $0 | $50,000 |
| WADE LAIRSEN UNTIL 223 | PRESIDENT Officer | 40 | $28,807 | $0 |
| PAUL MAKARECHIAN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JOHN RYDELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEVIN DUNLAP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN FERGUSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DJ BURKE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ROMAN TSUNDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PIERRE PROSPER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TODD RUSTMAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2646 DUPONT DR STE 60 PMB 507, IRVINE, CA 92612-7651
- In care of
- % STACY MIGNANO
- Principal officer (990 for 2024)
- KAYT PRITTS, 2646 DUPONT STE 60 507, IRVINE, CA 92612
- Signed the 990
- KAYT PRITTS, EXECUTIVE DIRECTOR
- Phone
- (877) 770-4698
- Website
- WWW.GENNEXTFOUNDATION.ORG
- Return prepared by
- WEISS & COMPANY LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 27-1276227 or by the name GEN NEXT FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO CREATE OPPORTUNITIES AND CONFRONT CHALLENGES FACING FUTURE GENERATIONS IN THE AREAS OF ECONOMIC OPPORTUNITY, EDUCATION, AND GLOBAL SECURITY.
Program accomplishments
- THE VENTURE PHILANTHROPY PLATFORM SUPPORTS, INFORMS, AND ALIGNS PRIVATE SECTOR LEADERS, AND NGOS IN A VENTURE PHILANTHROPY MODEL TO ENSURE OUR VENTURES HAVE THE GREATEST IMPACT.Expenses $437,296 · grants $40,000
- WORKED WITH STRATEGIC PARTNERS TO FURTHER THE STATED MISSION OF THE GEN NEXT FOUNDATION.
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-1276227
- 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
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Social science (V22)
- Assets (IRS master file)
- $138,086
- Income (IRS master file)
- $258,246
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $258,246 | $492,141 | $138,086 | XML |
| 990 | December 2023 | $1,059,824 | $1,120,902 | $347,337 | XML |
| 990 | December 2022 | $1,078,028 | $7,865,650 | $414,827 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 27-1276227).
Questions about GEN NEXT FOUNDATION
- What is the EIN of GEN NEXT FOUNDATION?
- The employer identification number (EIN) of GEN NEXT FOUNDATION is 27-1276227.
- Is GEN NEXT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to GEN NEXT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GEN NEXT FOUNDATION 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 GEN NEXT FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GEN NEXT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GEN NEXT FOUNDATION?
- The 990 for the year ended December 31, 2024 names KAYT PRITTS.
- Who are the officers and directors of GEN NEXT FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $40,000 (MICHAEL DAVIDSON, CEO).
- How much revenue does GEN NEXT FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $258,246, expenses of $492,141 and total assets of $138,086 at year end.
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