Nonprofit · EIN 26-2700185
NEXTFIFTY INITIATIVE
Tax-exempt · DENVER, CO 80222
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $29,636,486 | $20,661,467 | $8,975,019 | $290,591,572 | $11,178,810 | $279,412,762 |
| December 31, 2024 | 990-PF | $5,761,454 | $14,435,401 | -$8,673,947 | $263,849,808 | $3,968,979 | $259,880,829 |
| December 31, 2023 | 990-PF | $9,574,875 | $12,204,798 | -$2,629,923 | $244,297,749 | $1,843,342 | $242,454,407 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $3,891,150
- Interest
- $38,371
- Net gain from sales of assets
- $25,705,473
- Other income
- $1,492
Expenses
- Grants and similar amounts paid
- $16,961,857
- Compensation of officers, directors and key employees
- $463,201
- Salaries, compensation and benefits (total)
- $1,278,873
- Disbursements for charitable purposes
- $12,511,209
- Excise tax on investment income
- $400,950
Balance sheet and other
- Total assets, start of year
- $263,849,808
- Total assets, end of year
- $290,591,572
- Total liabilities, end of year
- $11,178,810
- Net assets, end of year
- $279,412,762
- Fair market value of assets
- $290,591,572
- Qualifying distributions
- $12,511,209
- Net investment income
- $29,634,994
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER KALDES 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | PRESIDENT & CEO | 40 | $414,729 | $48,472 |
| TIFFANY M WELCH 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | VICE PRESIDENT, STRA Highest-paid employee | 40 | $194,357 | $31,103 |
| JILLIAN KELLY 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | VICE PRESIDENT, IMPA Highest-paid employee | 40 | $193,255 | $30,337 |
| DE ANDRA SHARP 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | SENIOR COMMUNITY IMP Highest-paid employee | 40 | $127,701 | $11,665 |
| SYDNEY GRACE BYER 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | DIRECTOR, ADVOCACY & Highest-paid employee | 40 | $125,843 | $21,703 |
| KATHERINE PLOMER 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | COMMUNITY IMPACT MAN Highest-paid employee | 40 | $108,402 | $31,396 |
| KRISTINE BURROWS 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | CHAIR | 1 | $0 | $0 |
| SEKHAR PALADUGU 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | VICE CHAIR | 1 | $0 | $0 |
| ERIC KUHN 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | SECRETARY | 4 | $0 | $0 |
| KEN TAYLOR 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | TREASURER | 1 | $0 | $0 |
| CYNTHIA BANKS 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | TRUSTEE | 1 | $0 | $0 |
| BOB BLANCATO 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | TRUSTEE | 1 | $0 | $0 |
| WENDI BURKHARDT 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | TRUSTEE | 1 | $0 | $0 |
| MARCO CHAYET 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | TRUSTEE | 1 | $0 | $0 |
| VATSALA KAPUR 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | TRUSTEE | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EDWIN WALKER 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | TRUSTEE | 1 | $0 |
| PETER WALL 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | TRUSTEE | 1 | $0 |
990-PF for the year ended December 31, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER KALDES 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | PRESIDENT & CEO | 40 | $375,336 | $45,729 |
| JILLIAN KELLY 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | VICE PRESIDENT, IMPA Highest-paid employee | 40 | $161,454 | $11,233 |
| TIFFANY M WELCH 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | VICE PRESIDENT, STRA Highest-paid employee | 40 | $160,471 | $22,379 |
| SU CHAE 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | DIRECTOR OF FINANCE Highest-paid employee | 40 | $116,231 | $28,992 |
| VIRGINIA DEL CASTILLO 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | COMMUNITY IMPACT MAN Highest-paid employee | 40 | $112,046 | $23,754 |
| KATHERINE PLOMER 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | COMMUNITY IMPACT MAN Highest-paid employee | 40 | $76,842 | $30,688 |
| JOIE GLENN 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | CHAIR | 1 | $0 | $0 |
| MAUREEN HANRAHAN 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | VICE CHAIR | 1 | $0 | $0 |
| ERIC KUHN 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | SECRETARY | 4 | $0 | $0 |
| KEN TAYLOR 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | TREASURER | 1 | $0 | $0 |
| KRISTINE BURROWS 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | TRUSTEE | 1 | $0 | $0 |
| MARCO CHAYET 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | TRUSTEE | 1 | $0 | $0 |
| VATSALA KAPUR 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | TRUSTEE | 1 | $0 | $0 |
| SEKHAR PALADUGU 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | TRUSTEE | 1 | $0 | $0 |
990-PF for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SU CHAE 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | DIRECTOR OF FINANCE Highest-paid employee | 40 | $176,454 | $47,168 |
| BRIA WARD 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | DIRECTOR OF PEOPLE & Highest-paid employee | 40 | $169,020 | $20,375 |
| CHANDRA MATTHEWS JERGENSON 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | DIRECTOR OF PROGRAMS Highest-paid employee | 40 | $149,155 | $22,649 |
| PETER KALDES 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | PRESIDENT & CEO (AS OF 9/23) | 40 | $146,892 | $8,850 |
| TIFFANY M WELCH 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | DIRECTOR, STRATEGIC Highest-paid employee | 40 | $117,393 | $11,820 |
| JILLIAN KELLY 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | DIRECTOR, IMPACT Highest-paid employee | 40 | $112,258 | $8,771 |
| JOIE GLENN 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | CHAIR | 1 | $0 | $0 |
| MAUREEN HANRAHAN 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | VICE CHAIR | 1 | $0 | $0 |
| ERIC KUHN 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | SECRETARY | 4 | $0 | $0 |
| KEN TAYLOR 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | TREASURER | 1 | $0 | $0 |
| KRISTINE BURROWS 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | TRUSTEE | 1 | $0 | $0 |
| MARCO CHAYET 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | TRUSTEE | 1 | $0 | $0 |
| VATSALA KAPUR 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | TRUSTEE | 1 | $0 | $0 |
| SEKHAR PALADUGU 2000 S COLORADO BLVD TOWER 1 STE, 5500, DENVER, CO 80222 | TRUSTEE | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2000 S COLORADO BLVD STE 5500 TOWER, DENVER, CO 80222-7900
- Signed the 990-PF
- PETER KALDES, CEO
- Phone
- (303) 547-1800
- Website
- WWW.NEXT50INITIATIVE.ORG
- Return prepared by
- RUBINBROWN LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 26-2700185
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Health care (E19)
- Assets (IRS master file)
- $263,849,808
- Income (IRS master file)
- $34,641,891
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $29,636,486 | $20,661,467 | $290,591,572 | XML |
| 990-PF | December 2024 | $5,761,454 | $14,435,401 | $263,849,808 | XML |
| 990-PF | December 2023 | $9,574,875 | $12,204,798 | $244,297,749 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 26-2700185).
Questions about NEXTFIFTY INITIATIVE
- What is the EIN of NEXTFIFTY INITIATIVE?
- The employer identification number (EIN) of NEXTFIFTY INITIATIVE is 26-2700185.
- Is NEXTFIFTY INITIATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to NEXTFIFTY INITIATIVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does NEXTFIFTY INITIATIVE file?
- Form 990-PF. Private foundations file every year.
- When is the next return of NEXTFIFTY INITIATIVE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEXTFIFTY INITIATIVE last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of NEXTFIFTY INITIATIVE?
- The 990-PF for the year ended December 31, 2025 lists 17 people; 6 received compensation from the organization, the highest $414,729 (PETER KALDES, PRESIDENT & CEO).
- How much revenue does NEXTFIFTY INITIATIVE have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $29,636,486, expenses of $20,661,467 and total assets of $290,591,572 at year end.
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