Nonprofit · EIN 26-2522432
GEN NEXT
Tax-exempt · IRVINE, CA 92612
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,324,083 | $2,258,463 | $65,620 | $547,343 | $1,484,787 | -$937,444 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,312,687
- Investment income
- $0
- Other revenue
- $11,396
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $320,000
- Other salaries and wages
- $1,184,598
- Salaries, compensation and benefits (total)
- $1,589,541
- Professional fundraising fees
- $0
- Legal fees
- $39,292
- Travel
- $279,299
- Depreciation
- $1,485
- Program services (functional)
- $1,523,479
- Management and general (functional)
- $527,761
- Fundraising (functional)
- $207,223
Balance sheet and other
- Total assets, start of year
- $400,363
- Total assets, end of year
- $547,343
- Total liabilities, end of year
- $1,484,787
- Net assets, end of year
- -$937,444
- Land, buildings and equipment
- $3,376
- Net assets without donor restrictions
- -$937,444
- Gross receipts
- $2,324,083
- Employees
- 11
- Volunteers
- 6
- Year formed
- 2008
- 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 |
|---|---|---|---|
| KAYT PRITTS | VP MARKETING/ OFFICER Officer | 40 | $200,000 |
| CARLOS ALFARO | REGIONAL DIRECTOR Highest-paid employee | 40 | $120,000 |
| PAUL MAKARECHIAN | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| JOHN RYDELL | SECRETARY Trustee or director, Officer | 1 | $0 |
| KEVIN DUNLAP | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN FERGUSON | DIRECTOR Trustee or director | 1 | $0 |
| LORI OTTO PUNKE | DIRECTOR Trustee or director | 1 | $0 |
| CARL SELETZ | PRESIDENT Officer | 40 | $0 |
| MICHAEL DAVIDSON | CEO Officer | 45 | $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
- Return prepared by
- WEISS & COMPANY LLP
Mission
AN ORGANIZATION OF SUCCESSFUL INDIVIDUALS DEDICATED TO UNDERSTANDING ABOUT AND BECOMING ENGAGED WITH THE MOST PRESSING CHALLENGES FACING FUTURE GENERATIONS.
Program accomplishments
- THE MEMBERSHIP PROGRAM IS DEDICATED TO TEACHING SUCCESSFUL INDIVIDUALS ON HOW TO BECOME MORE ENGAGED WITH THE MOST PRESSING CHALLENGES FACING FUTURE GENERATIONS. THE AREAS OF FOCUS FOR THE ORGANIZATION ARE GENERATIONAL LEADERSHIP, EDUCATION, ECONOMIC GROWTH, AND GLOBAL SECURITY.Expenses $1,523,479 · revenue $2,312,687
- REGIONAL PROGRAMS AND LEADERSHIP SUMMITS ARE OPPORTUNITIES FOR MEMBERS TO MEET WITH PUBLIC OFFICIALS, HEADS OF THINK TANKS, STATE LEGISLATURES, AND MORE TO DISCUSS ISSUES THAT ARE RELEVANT TO FURTHERING THE MISSION OF GEN NEXT AND ITS MEMBERS.
- INTERNATIONAL PROGRAM IS DESIGNED TO EXPOSE AMERICAN LEADERS AND ENTREPRENEURS TO LEADERSHIP IN VARIOUS PARTS OF THE WORLD.
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
- 26-2522432
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $547,343
- Income (IRS master file)
- $2,324,083
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $2,617,298 | $2,562,324 | $400,363 | IRS |
| 990 | December 2022 | $3,835,301 | $3,401,782 | $179,221 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about GEN NEXT
- What is the EIN of GEN NEXT?
- The employer identification number (EIN) of GEN NEXT is 26-2522432.
- Is GEN NEXT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2009.
- Are donations to GEN NEXT tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GEN NEXT 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 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 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?
- The 990 for the year ended December 31, 2024 names KAYT PRITTS.
- Who are the officers and directors of GEN NEXT?
- The 990 for the year ended December 31, 2024 lists 9 people; 2 received compensation from the organization, the highest $200,000 (KAYT PRITTS, VP MARKETING/ OFFICER).
- How much revenue does GEN NEXT have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,324,083, expenses of $2,258,463 and total assets of $547,343 at year end.
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