Columbus Next Generation Corporation

EIN: 462621229 501(c)(3) Mutual Benefit

Columbus, OH

Total Revenue
$11,187,722
Total Expenses
$1,122,832
Total Assets
$16,081,182
Net Assets
$15,896,704
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
OH
Principal Officer
Boyce Safford III
Phone
6148245295
Tax Period
2024-01-01 to 2024-12-31

Columbus Next Generation Corporation, founded in 2012, is a mid-sized nonprofit in the Mutual Benefit sector that reported $11.2M in total revenue in fiscal year 2024. Revenue surged 414% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10.1M, a strong 90% operating margin.

Mission

CNGC creates private and public partnerships to aid in creating viable land development opportunities and maximize their success. CNGC identify, study, assess and evaluate neighborhoods and their needs while purchasing and packaging properties for redevelopment.

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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 $10,744,972
Program Service Revenue $0
Investment Income $6,541
Other Revenue $436,209
TOTAL REVENUE $11,187,722

Expense Breakdown

Grants Paid $0
Salaries & Benefits $320,207
Fundraising Expenses $0
Program Expenses $850,865
Other Expenses $802,625
TOTAL EXPENSES $1,122,832

Year-over-Year Comparison

2024 2023 Change
Revenue $11,187,722 $2,175,865 +4.1%
Expenses $1,122,832 $2,861,264 -0.6%
Net Income $10,064,890 $-685,399 -15.7%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
2
Volunteers
N/A

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
3
$159,788
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Boyce Safford III Executive Director 40.00
Officer
$159,788 $0 $159,788
Valarie McDaniel Board Member 1.00
Director
$0 $0 $0
Tracy Taylor Board Member 1.00
Director
$0 $0 $0
Scott North Board Member 1.00
Director
$0 $0 $0
Joshua Corna Board Member 1.00
Director
$0 $0 $0
Michael Stevens Board Member 1.00
Director
$0 $0 $0
Amy Taylor Board Member 1.00
Director
$0 $0 $0
Mark Hatcher Board Chairman 1.00
Officer Director
$0 $0 $0
Lisa Patt-McDaniel Vice Board Chairman 1.00
Officer 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
2024 $11,187,722 $1,122,832 $16,081,182 $10,064,890
2023 $2,175,865 $2,861,264 $5,841,337 $-685,399
2022 $2,193,668 $1,285,445 $6,528,188 $908,223
2021 $4,073,729 $3,396,314 $5,604,972 $677,415
2020 $1,932,098 $1,016,276 $4,926,554 $915,822
2019 $2,261,053 $1,029,499 $4,016,008 $1,231,554
2018 $914,048 $1,714,894 $2,868,903 $-800,846
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