Nonprofit · EIN 92-3944407
NEW GENERATION INC
Tax-exempt · LITTLE ROCK, AR 72201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $98,110 | $539,088 | -$440,978 | $298,425 | $809 | $297,616 |
| December 31, 2023 | 990 | $1,145,190 | $406,596 | $738,594 | $743,144 | $4,550 | $738,594 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $95,000
- Program service revenue
- $0
- Investment income
- $3,110
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $60,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $15,720
- Travel
- $482
- Program services (functional)
- $539,088
Balance sheet and other
- Total assets, start of year
- $743,144
- Total assets, end of year
- $298,425
- Total liabilities, end of year
- $809
- Net assets, end of year
- $297,616
- Gross receipts
- $98,110
- Employees
- 0
- Volunteers
- 5
- State of legal domicile
- AR
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 |
|---|---|---|---|
| KEVIN CRASS | CHAIRPERSON Trustee or director, Officer | 0 | $0 |
| JONELL CALDWELL | VICE CHAIRPERSON Trustee or director, Officer | 0 | $0 |
| SHANE HENRY | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN CRASS | CHAIRPERSON Trustee or director, Officer | 2 | $0 |
| JONELL CALDWELL | VICE CHAIRPERSON Trustee or director, Officer | 2 | $0 |
| SHANE HENRY | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 400 W CAPITOL AVE STE 2000, LITTLE ROCK, AR 72201-3493
- In care of
- % KEVIN CRASS
- Principal officer (990 for 2024)
- KEVIN CRASS, 400 WEST CAPITOL AVE2000, LITTLE ROCK, AR 72201
- Signed the 990
- KEVIN CRASS, CHAIRPERSON
- Phone
- (501) 370-1592
- Return prepared by
- Forvis Mazars LLP
Mission
SEE STATEMENT
Program accomplishments
- Inform and educate the public regarding education reforms, investments and reforms made to keep our communities safe and violent criminals off the streets, efforts to phase out the state income tax and reduce wasteful government spending, and similar reforms, investments and efforts. Occasional this organization may attempt to influence the election of a person to state or local public office, with any such time or expense never being a majority of this organization's time and expenses.Expenses $539,088
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
- 92-3944407
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S01)
- Assets (IRS master file)
- $298,425
- Income (IRS master file)
- $98,110
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $98,110 | $539,088 | $298,425 | XML |
| 990 | December 2023 | $1,145,190 | $406,596 | $743,144 | XML |
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 92-3944407).
Questions about NEW GENERATION INC
- What is the EIN of NEW GENERATION INC?
- The employer identification number (EIN) of NEW GENERATION INC is 92-3944407.
- Is NEW GENERATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2025.
- Are donations to NEW GENERATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NEW GENERATION 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 NEW GENERATION 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 NEW GENERATION 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 NEW GENERATION INC?
- The 990 for the year ended December 31, 2024 names KEVIN CRASS.
- Who are the officers and directors of NEW GENERATION INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does NEW GENERATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $98,110, expenses of $539,088 and total assets of $298,425 at year end.
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