NEXTGEN AAA FOUNDATION

EIN: 822577901 501(c)(3) Recreation & Sports

NEW YORK, NY

Total Revenue
$179,931
Total Expenses
$169,824
Total Assets
$28,072
Net Assets
$28,072
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
DE
Principal Officer
GIGI LAM
Phone
2124181287
Tax Period
2023-01-01 to 2023-12-31

NEXTGEN AAA FOUNDATION, founded in 2017, is a small nonprofit in the Recreation & Sports sector that reported $180K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $170K left a modest 6% surplus.

Mission

THE MISSION OF THE NEXTGEN AAA FOUNDATION IS TO PROVIDE MENTORING, EDUCATION, AND HOCKEY PROGRAMS TO DIVERSE, LOW-INCOME, AND AT-RISK YOUTH THROUGHOUT THE UNITED STATES. NEXTGEN AAA FOUNDATION SEEKS TO PROMOTE CHARACTER DEVELOPMENT AND PERSONAL GROWTH BOTH "ON AND OFF THE ICE, AND TO INCREASE ATHLETIC PARTICIPATION FOR AN UNDERSERVED AND DIVERSE UNIVERSE OF PLAYERS, WHILE MOST IMPORTANTLY, HIGHLIGHTING THE IMPORTANCE OF ACADEMIC EXCELLENCE TO THESE YOUNG ATHLETES SO THAT THEY WILL BE WELL EQUIPPED TO LIVE MORE PRODUCTIVE LIVES.

Program Service Accomplishments

Program 1
Expenses: $160,000

THE ORGANIZATION'S EDUCATION PROGRAM OFFERS TUTORING, MENTORING, AND CHARACTER EDUCATION, AS WELL AS A VARIETY OF EDUCATIONAL SERVICES TO HELP STUDENTS THRIVE IN SCHOOL, WHILE PROVIDING GUIDANCE ON...

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THE ORGANIZATION'S EDUCATION PROGRAM OFFERS TUTORING, MENTORING, AND CHARACTER EDUCATION, AS WELL AS A VARIETY OF EDUCATIONAL SERVICES TO HELP STUDENTS THRIVE IN SCHOOL, WHILE PROVIDING GUIDANCE ON ADMISSION AND FINANCIAL AID FOR HIGH SCHOOL AND COLLEGE. THE ORGANIZATION'S HOCKEY PROGRAM OFFERS TALENTED AND HIGH PERFORMING STUDENTS WITH FREE OR SUBSIDIZED HOCKEY INSTRUCTION, EQUIPMENT AND PRACTICE TO ADVANCE THEIR SKILL LEVELS, ALLOWING THEM TO PARTICIPATE IN TOURNAMENT PLAY AROUND THE NATION, WHILE DEVELOPING THEIR SENSE OF PRIDE AND DISCIPLINE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $179,931
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $179,931

Expense Breakdown

Grants Paid $114,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $160,000
Other Expenses $55,824
TOTAL EXPENSES $169,824

Year-over-Year Comparison

2023 2022 Change
Revenue $179,931 $274,774 -0.3%
Expenses $169,824 $267,830 -0.4%
Net Income $10,107 $6,944 +0.5%
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
4
Independent Members
3
Employees
N/A
Volunteers
7

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
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOROTHY RICKS CO-FOUNDER & CHAIR 10.00
Officer Director
$0 $0 $0
JAMES DUFFY SECRETARY 1.00
Officer Director
$0 $0 $0
GIGI LAM TREASURER 5.00
Officer Director
$0 $0 $0
BRYCE SALVADOR CO-FOUNDER & DIRECTOR 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
2023 $179,931 $169,824 $28,072 $10,107
2022 $274,774 $267,830 $24,765 $6,944
2021 $199,087 $242,026 $25,181 $-42,939
2020 $221,058 $284,318 $82,460 $-63,260
2019 $303,447 $239,897 $121,720 $63,550
2018 $291,002 $288,623 $62,837 $2,379
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