Nonprofit · EIN 47-4989601
NEXTMAX INC
Tax-exempt · BENTON, KY 42025
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $247,021 | $3,163,045 | -$2,916,024 | -$41,050 | $11,594,671 | -$11,635,721 |
| December 31, 2023 | 990 | $78,419 | $1,648,240 | -$1,569,821 | -$40,836 | $8,678,861 | -$8,719,697 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $202,300
- Program service revenue
- $44,721
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Travel
- $1,690,911
- Depreciation
- $384
- Program services (functional)
- $3,128,894
- Management and general (functional)
- $34,151
Balance sheet and other
- Total assets, start of year
- -$40,836
- Total assets, end of year
- -$41,050
- Total liabilities, end of year
- $11,594,671
- Net assets, end of year
- -$11,635,721
- Gross receipts
- $247,021
- Employees
- 0
- Volunteers
- 30
- Year formed
- 2015
- State of legal domicile
- KY
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 |
|---|---|---|---|
| SCOTT WALDROP | PRESIDENT Officer | 25 | $0 |
| LORI WALDROP | SECRETARY Officer | 1 | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT WALDROP | PRESIDENT Officer | 25 | $0 |
| LORI WALDROP | SECRETARY Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 672, BENTON, KY 42025-0672
- In care of
- % SCOTT WALDROP
- Principal officer (990 for 2024)
- SCOTT WALDROP, 178 P B CLOUD LANE, CALVERT CITY, KY 42029
- Signed the 990
- SCOTT WALDROP, PRESIDENT
- Phone
- (270) 527-3293
- Website
- NEXTMAX.ORG
- Return prepared by
- LOUIS T ROTH & CO PLLC
Mission
NEXTMAX, INC. IS A NON-PROFIT ORGANIZATION FORMED TO HELP STUDENTS AND ATHLETES EXCEL TO THE MAX AT THE NEXT LEVEL IN LIFE.
Program accomplishments
- NEXTMAX HOSTED AND ORGANIZED BASKETBALL TOURNAMENTS.Expenses $3,128,894 · revenue $44,721
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
- 47-4989601
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N40)
- Assets (IRS master file)
- $41,050
- Income (IRS master file)
- $247,021
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $247,021 | $3,163,045 | -$41,050 | XML |
| 990 | December 2023 | $78,419 | $1,648,240 | -$40,836 | XML |
| 990 | December 2022 | $389,894 | $1,604,225 | -$3,099 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 47-4989601).
Questions about NEXTMAX INC
- What is the EIN of NEXTMAX INC?
- The employer identification number (EIN) of NEXTMAX INC is 47-4989601.
- Is NEXTMAX INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to NEXTMAX INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEXTMAX 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 NEXTMAX INC 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 NEXTMAX INC 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 NEXTMAX INC?
- The 990 for the year ended December 31, 2024 names SCOTT WALDROP.
- Who are the officers and directors of NEXTMAX INC?
- The 990 for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does NEXTMAX INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $247,021, expenses of $3,163,045 and total assets of -$41,050 at year end.
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