Nonprofit · EIN 82-4835903
NEXTGEN CHAMBER OF COMMERCE FOUNDATION
Tax-exempt · WASHINGTON, DC 20003
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $302,710 | $361,025 | -$58,315 | $98,068 | $0 | $98,068 |
| December 31, 2024 | 990 | $224,869 | $261,532 | -$36,663 | $156,383 | $0 | $156,383 |
| December 31, 2023 | 990 | $185,906 | $265,850 | -$79,944 | $183,045 | $0 | $183,045 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $302,710
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $115,064
- Salaries, compensation and benefits (total)
- $129,347
- Professional fundraising fees
- $0
- Accounting fees
- $6,566
- Travel
- $2,158
- Program services (functional)
- $279,040
- Management and general (functional)
- $81,276
- Fundraising (functional)
- $709
Balance sheet and other
- Total assets, start of year
- $156,383
- Total assets, end of year
- $98,068
- Total liabilities, end of year
- $0
- Net assets, end of year
- $98,068
- Net assets without donor restrictions
- $98,068
- Gross receipts
- $302,710
- Employees
- 1
- Volunteers
- 5
- Year formed
- 2018
- State of legal domicile
- DC
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GILBERT PONTES | EXECUTIVE DIRECTOR Officer | 5 | $115,064 |
| RHETT BUTTLE | FOUNDER AND TREASURER Trustee or director, Officer | 5 | $0 |
| ADAMA IWU | CO-CHAIR Trustee or director, Officer | 5 | $0 |
| ROY K LEE | CO-CHAIR Trustee or director, Officer | 5 | $0 |
| ARAM NADJARIAN | BOARD MEMBER Trustee or director | 5 | $0 |
| CASEY OAKES | BOARD MEMBER Trustee or director | 5 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RHETT BUTTLE | FOUNDER AND TREASURER Trustee or director, Officer | 5 | $0 |
| ADAMA IWU | CO-CHAIR Trustee or director, Officer | 5 | $0 |
| ROY K LEE | CO-CHAIR Trustee or director, Officer | 5 | $0 |
| ARAM NADJARIAN | BOARD MEMBER Trustee or director | 5 | $0 |
| CASEY OAKES | BOARD MEMBER Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RHETT BUTTLE | FOUNDER AND TREASURER Trustee or director, Officer | 5 | $0 |
| ADAMA IWU | CO-CHAIR Trustee or director, Officer | 5 | $0 |
| ROY K LEE | CO-CHAIR Trustee or director, Officer | 5 | $0 |
| ARAM NADJARIAN | BOARD MEMBER Trustee or director | 5 | $0 |
| CASEY OAKES | BOARD MEMBER Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 700 PENNSYLVANIA AVE SE STE 200, WASHINGTON, DC 20003-2493
- Principal officer (990 for 2025)
- ADAMA IWU, 776 GIRARD ST NW, WASHINGTON, DC 20001
- Signed the 990
- ADAMA IWU, CO-CHAIR
- Phone
- (702) 335-5835
- Website
- www.nextgenchamber.org
- Return prepared by
- EASY OFFICE DBA JITASA
Mission
THE NEXTGEN CHAMBER OF COMMERCE FOUNDATION WORKS TO SHAPE THE ECONOMY OF THE FUTURE BY PROMOTING POLICY, INCLUSION, AND BUSINESS PRACTICE FOR A NEW GENERATION OF BUSINESS LEADERSHIP.
Program accomplishments
- GENERAL PROGRAMS: NEXTGEN SUPPORTS RESEARCH STUDIES AND ECONOMIC PROJECTS TO EMPOWER A NEW GENERATION OF BUSINESS LEADERSHIP. THROUGH ITS WORK NEXTGEN UPLIFTS THE VOICES OF THE NEXT GENERATION IN PURSUIT OF BETTER CAPITALISM.Expenses $279,040
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 | 990 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
- 82-4835903
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $98,068
- Income (IRS master file)
- $302,710
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $302,710 | $361,025 | $98,068 | XML |
| 990 | December 2024 | $224,869 | $261,532 | $156,383 | IRS |
| 990 | December 2023 | $185,906 | $265,850 | $183,045 | XML |
| 990 | December 2022 | $163,427 | $529,723 | $275,790 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-PF | 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 82-4835903).
Questions about NEXTGEN CHAMBER OF COMMERCE FOUNDATION
- What is the EIN of NEXTGEN CHAMBER OF COMMERCE FOUNDATION?
- The employer identification number (EIN) of NEXTGEN CHAMBER OF COMMERCE FOUNDATION is 82-4835903.
- Is NEXTGEN CHAMBER OF COMMERCE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to NEXTGEN CHAMBER OF COMMERCE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEXTGEN CHAMBER OF COMMERCE 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 NEXTGEN CHAMBER OF COMMERCE FOUNDATION 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 NEXTGEN CHAMBER OF COMMERCE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of NEXTGEN CHAMBER OF COMMERCE FOUNDATION?
- The 990 for the year ended December 31, 2025 names ADAMA IWU.
- Who are the officers and directors of NEXTGEN CHAMBER OF COMMERCE FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $115,064 (GILBERT PONTES, EXECUTIVE DIRECTOR).
- How much revenue does NEXTGEN CHAMBER OF COMMERCE FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $302,710, expenses of $361,025 and total assets of $98,068 at year end.
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