Next Generation Scholars Inc

EIN: 261110584 501(c)(3) Education

San Rafael, CA

Total Revenue
$1,962,268
Total Expenses
$1,896,496
Total Assets
$4,891,991
Net Assets
$4,325,335
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
CA
Principal Officer
Nghiem Bui
Phone
4152590900
Tax Period
2024-07-01 to 2025-06-30

Next Generation Scholars Inc, founded in 2008, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $1.9M left a modest 3% surplus.

Mission

Next Generation Scholars equips and empowers first generation, under-resourced Marin County middle and high school students to succeed in college and beyond through socially-conscious leadership development. Grounded in individualized academic and social support for them and their families, our students are emboldened to address the inequities in the world, both for themselves and for their communities.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,790,038
Program Service Revenue $97,335
Investment Income $73,769
Other Revenue $1,126
TOTAL REVENUE $1,962,268

Expense Breakdown

Grants Paid $0
Salaries & Benefits $924,998
Fundraising Expenses $237,832
Program Expenses $1,496,842
Other Expenses $971,498
TOTAL EXPENSES $1,896,496

Year-over-Year Comparison

2024 2023 Change
Revenue $1,962,268 $3,692,010 -0.5%
Expenses $1,896,496 $1,645,128 +0.2%
Net Income $65,772 $2,046,882 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
8
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$171,780
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nghiem Bui Executive Dir. 40.00
Officer
$171,780 $0 $171,780
Shawn A Cole Dir. of Program 40.00
$123,065 $0 $123,065
Pamela Bonnie Board Member 2.00
Director
$0 $0 $0
Michael Shippey Board Chair 5.00
Officer Director
$0 $0 $0
Clint Wilkins Secretary 5.00
Officer Director
$0 $0 $0
Anuar Ramirez-Medina Board Member 2.00
Director
$0 $0 $0
Damon Kerby Board Member 2.00
Director
$0 $0 $0
Andy Arenberg Treasurer 5.00
Officer Director
$0 $0 $0
Andy Taylor-Fabe Board Member 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,962,268 $1,896,496 $4,891,991 $65,772
2024 No data No data No data No data
2023 $1,197,352 $1,335,995 $1,032,766 $-138,643
2022 $1,437,715 $1,220,150 $1,086,792 $217,565
2021 $1,173,596 $1,101,446 $955,390 $72,150
2021 $444,161 $1,101,446 $955,390 $-657,285
2020 $1,781,511 $908,379 $1,369,246 $873,132
2020 $1,213,938 $964,229 $855,356 $249,709
2020 $1,881,511 $902,284 $1,480,356 $979,227
2019 $809,319 $773,687 $492,252 $35,632
2018 $820,834 $544,362 $435,586 $276,472
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