Nonprofit · EIN 85-0898705
NEXTSTAGE
Tax-exempt · MINNEAPOLIS, MN 55407
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $926,044 | $934,335 | -$8,291 | $6,000,999 | $3,388,196 | $2,612,803 |
| December 31, 2023 | 990 | $1,070,212 | $861,380 | $208,832 | $5,487,340 | $2,866,246 | $2,621,094 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,500
- Program service revenue
- $826,546
- Investment income
- $93,998
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $290,311
- Other salaries and wages
- $181,417
- Salaries, compensation and benefits (total)
- $522,094
- Professional fundraising fees
- $0
- Accounting fees
- $33,320
- Occupancy
- $28,275
- Travel
- $5,885
- Program services (functional)
- $813,536
- Management and general (functional)
- $117,431
- Fundraising (functional)
- $3,368
Balance sheet and other
- Total assets, start of year
- $5,487,340
- Total assets, end of year
- $6,000,999
- Total liabilities, end of year
- $3,388,196
- Net assets, end of year
- $2,612,803
- Net assets without donor restrictions
- $2,612,803
- Gross receipts
- $926,044
- Employees
- 5
- Volunteers
- 16
- Year formed
- 2020
- State of legal domicile
- MN
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 | Other / benefits |
|---|---|---|---|---|
| LEE HALL | CEO Trustee or director, Officer | 40 | $160,313 | $17,026 |
| NATALIA PRETELT | COO Officer | 40 | $107,625 | $5,348 |
| DERREK BEEVAS | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KRIS MARITZ | BOARD VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ANDREW SWAMMI | BOARD TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CLAY TAYLOR | BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LEE HALL | CEO Trustee or director, Officer | 40 | $159,250 | $15,581 |
| NATALIA PRETELT | COO Officer | 40 | $64,500 | $2,625 |
| DERREK BEEVAS | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KRIS MARITZ | BOARD VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ANDREW SWAMMI | BOARD TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CLAY TAYLOR | BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4040 COLUMBUS AVE, MINNEAPOLIS, MN 55407-3111
- In care of
- % LEE HALL
- Principal officer (990 for 2024)
- LEE HALL, 8011 34TH AVE 320, BLOOMINGTON, MN 55425
- Signed the 990
- LEE HALL, CEO
- Phone
- (612) 254-7459
- Website
- WWW.NEXTSTAGEMN.ORG
- Return prepared by
- CBIZ ADVISORS LLC
Mission
TO PROVIDE EDUCATION AND TRAINING TO INDIVIDUALS INTERESTED IN PURSUING ENTREPRENEURSHIP; TO ASSIST ENTREPRENEURS IN THE PLANNING, DEVELOPMENT AND START-UP OF A BUSINESS VENTURE; AND TO SUPPORT AND ASSIST SMALL BUSINESS OWNERS WITH GROWTH, AND OPERATIONAL IMPROVEMENT.
Program accomplishments
- SEE SCHEDULE OExpenses $813,536 · revenue $826,546
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
- 85-0898705
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $6,000,999
- Income (IRS master file)
- $926,044
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $926,044 | $934,335 | $6,000,999 | XML |
| 990 | December 2023 | $1,070,212 | $861,380 | $5,487,340 | XML |
| 990 | December 2022 | $2,737,361 | $2,879,755 | $3,055,054 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | 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 85-0898705).
Questions about NEXTSTAGE
- What is the EIN of NEXTSTAGE?
- The employer identification number (EIN) of NEXTSTAGE is 85-0898705.
- Is NEXTSTAGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to NEXTSTAGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEXTSTAGE 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 NEXTSTAGE 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 NEXTSTAGE 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 NEXTSTAGE?
- The 990 for the year ended December 31, 2024 names LEE HALL.
- Who are the officers and directors of NEXTSTAGE?
- The 990 for the year ended December 31, 2024 lists 6 people; 2 received compensation from the organization, the highest $160,313 (LEE HALL, CEO).
- How much revenue does NEXTSTAGE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $926,044, expenses of $934,335 and total assets of $6,000,999 at year end.
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All nonprofits in MINNEAPOLIS · Minnesota · Community improvement and capacity building