Nonprofit · EIN 84-4048198
OILFIELD NEXTGEN
Tax-exempt · FRIENDSWOOD, TX 77546
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $179,075 | $192,533 | -$13,458 | $23,467 | $0 | $23,467 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $186,043
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- -$6,968
- Other revenue
- -$6,968
Expenses
- Grants and similar amounts paid
- $27,690
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,356
- Program services (functional)
- $137,745
- Management and general (functional)
- $54,788
Balance sheet and other
- Total assets, start of year
- $36,925
- Total assets, end of year
- $23,467
- Total liabilities, end of year
- $0
- Net assets, end of year
- $23,467
- Net assets without donor restrictions
- $23,467
- Gross receipts
- $460,257
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2020
- State of legal domicile
- TX
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 |
|---|---|---|---|
| Adam Burris | COB Trustee or director, Officer | 2 | $0 |
| Brian Cook | President Trustee or director, Officer | 2 | $0 |
| Jason Arcemont | Vice President Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1109 PEREGRINE DR, FRIENDSWOOD, TX 77546-7805
- In care of
- % ADAM BURRIS
- Mailing address (990-N for 2020)
- 1109 PEREGRINE DR, Friendswood TX 77546
- Principal officer (990 for 2024)
- Adam Burris, 1109 Peregrine, Friendswood, TX 775467805
- Principal officer (990-N for 2020)
- Adam Burris, 1109 PEREGRINE DR, Friendswood TX 77546
- Signed the 990
- Adam Burris, COB
- Phone
- (281) 796-3590
- Website
- www.oilfieldnextgen.com
- Return prepared by
- James Buchanan Schmidt IV CPA
Mission
Educate todays youth about the employment opportunities in the oil field industry as well as trade schools options and assistance.
Program accomplishments
- Educate todays youth about the employment opportunities in the oil field industry as well as trade schools options and assistance.Expenses $137,745 · grants $33,690
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
- 84-4048198
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B30)
- Assets (IRS master file)
- $23,467
- Income (IRS master file)
- $460,257
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $122,895 | $89,052 | $36,925 | IRS |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Adam Burris | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 OILFIELD NEXTGEN
- What is the EIN of OILFIELD NEXTGEN?
- The employer identification number (EIN) of OILFIELD NEXTGEN is 84-4048198.
- Is OILFIELD NEXTGEN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to OILFIELD NEXTGEN tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OILFIELD NEXTGEN 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 OILFIELD NEXTGEN 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 OILFIELD NEXTGEN 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 OILFIELD NEXTGEN?
- The 990 for the year ended December 31, 2024 names Adam Burris.
- Who are the officers and directors of OILFIELD NEXTGEN?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does OILFIELD NEXTGEN have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $179,075, expenses of $192,533 and total assets of $23,467 at year end.
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