Nonprofit · EIN 92-2959326
NEXT OCTAVE FOUNDATION
Tax-exempt · SOQUEL, CA 95073
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $3,664,814 | $842,980 | $2,821,834 | $3,378,194 | $3,037 | $3,375,157 |
| December 31, 2023 | 990-PF | $1,037,450 | $484,068 | $553,382 | $553,590 | $208 | $553,382 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,540
- Dividends
- $116,006
- Net gain from sales of assets
- $3,542,268
Expenses
- Grants and similar amounts paid
- $575,000
- Compensation of officers, directors and key employees
- $118,000
- Disbursements for charitable purposes
- $675,831
- Excise tax on investment income
- $49,502
Balance sheet and other
- Total assets, start of year
- $553,590
- Total assets, end of year
- $3,378,194
- Total liabilities, end of year
- $3,037
- Net assets, end of year
- $3,375,157
- Fair market value of assets
- $3,378,194
- Qualifying distributions
- $675,831
- Net investment income
- $3,658,274
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIMBERLY CARTER GAMBLE 5200 IRONWOOD DRIVE, SOQUEL, CA 95073 | EXECUTIVE DIRECTOR | 4.62 | $57,500 |
| FOSTER GAMBLE 5200 IRONWOOD DRIVE, SOQUEL, CA 95073 | PRESIDENT/CEO | 4.62 | $57,500 |
| TERESA COLLINS 5610 SCOTTS VALLEY DR B504, SCOTTS VALLEY, CA 95066 | CHAIR OF THE BOARD | 0.62 | $1,000 |
| RAY GALE 110 BURTON DR, SANTA CRUZ, CA 95065 | TREASURER | 0.62 | $1,000 |
| MARSHALL LEFFERTS 4421 OPANA PLACE, HAIKU, HI 96708 | SECRETARY | 0.73 | $500 |
| ROB LESLIE 5694 MISSION CTR RD, SAN DIEGO, CA 92108 | CHAIR OF THE BOARD | 0.62 | $500 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIMBERLY CARTER GAMBLE 5200 IRONWOOD DRIVE, SOQUEL, CA 95073 | EXECUTIVE DIRECTOR | 4.62 | $17,500 |
| FOSTER GAMBLE 5200 IRONWOOD DRIVE, SOQUEL, CA 95073 | PRESIDENT/CEO | 4.62 | $17,500 |
| MARSHALL LEFFERTS 4421 OPANA PLACE, HAIKU, HI 96708 | SECRETARY | 0.73 | $1,800 |
| TERESA COLLINS 5610 SCOTTS VALLEY DR B504, SCOTTS VALLEY, CA 95066 | CHAIR OF THE BOARD | 0.62 | $1,500 |
| RAY GALE 110 BURTON DR, SANTA CRUZ, CA 95065 | TREASURER | 0.62 | $1,500 |
Address and contacts
- Address (IRS master file)
- 5200 IRONWOOD DR, SOQUEL, CA 95073-3045
- In care of
- % KIMBERLY CARTER GAMBLE
- Signed the 990-PF
- KIMBERLY CARTER GAMBLE, EXECUTIVE DIRECTOR
- Phone
- (831) 464-1777
- Return prepared by
- ANDERSEN TAX LLC
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 | Not 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
- 92-2959326
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Arts, culture and humanities (A12)
- Assets (IRS master file)
- $3,378,194
- Income (IRS master file)
- $3,671,354
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $1,037,450 | $484,068 | $553,590 | IRS |
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 NEXT OCTAVE FOUNDATION
- What is the EIN of NEXT OCTAVE FOUNDATION?
- The employer identification number (EIN) of NEXT OCTAVE FOUNDATION is 92-2959326.
- Is NEXT OCTAVE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to NEXT OCTAVE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does NEXT OCTAVE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of NEXT OCTAVE FOUNDATION 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 NEXT OCTAVE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of NEXT OCTAVE FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 6 people; 6 received compensation from the organization, the highest $57,500 (KIMBERLY CARTER GAMBLE, EXECUTIVE DIRECTOR).
- How much revenue does NEXT OCTAVE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $3,664,814, expenses of $842,980 and total assets of $3,378,194 at year end.
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All nonprofits in SOQUEL · California · Arts, culture and humanities