Overview
What is Baltimore Next Generation Investing Event Inc Next Gen Event?
Baltimore Next Generation Investing Event Inc., commonly referred to as Next Gen Event, is a nonprofit organization situated in Baltimore, Maryland. Their primary mission is to host an annual investment-event fundraiser, aiming to support various Baltimore-based non-profit organizations that cater to local youth. In 2022, they successfully conducted an in-person event and distributed grants totalling $121,000 to three different organizations: Children's Scholarship Fund Baltimore, Southwest Baltimore Charter School, and KIPP Baltimore. The organization's headquarters can be found at 35 Warrenton Road, Baltimore, MD 21210.
Official website here: www.nextgeninvesting.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
Baltimore Next Generation Investing Event Inc has received a low rating of 53%, indicating significant concerns regarding its accountability and financial practices. The lack of independent board members and missing policies related to conflict of interest, whistleblowing, and document retention suggest a need for improved governance. However, the organization does have a strong program expense ratio of 91.88%, demonstrating a commitment to utilizing funds for its intended programs.
The organization has successfully listed its website on its tax form and maintains a zero percent liabilities to assets ratio, which reflects positively on its financial health. Nevertheless, the absence of essential governance structures, such as board meeting minutes and a transparent approach to accountability, raises red flags for potential donors and stakeholders.
Overall, while Baltimore Next Generation Investing Event Inc shows strengths in financial management related to program expenses, the significant gaps in governance and transparency could impact trust and support from the community and potential funders. Addressing these limitations could lead to improved evaluations in future assessments.
This AI summary has been generated from information found on Charity Navigator.
Is Baltimore Next Generation Investing Event Inc Next Gen Event legitimate?
Baltimore Next Generation Investing Event Inc Next Gen Event is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baltimore Next Generation Investing Event Inc Next Gen Event submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nextgeninvesting.org
What is the mission statement of Baltimore Next Generation Investing Event Inc Next Gen Event?
Baltimore Next Generation Investing Event, often referred to as Next Gen Event, is an organization that organizes an annual investment-focused fundraiser. Their primary mission is to support various Baltimore-based non-profit organizations that focus on assisting local youth. Through this event, they raise funds and distribute them to selected organizations, such as Children's Scholarship Fund Baltimore, Southwest Baltimore Charter School, and KIPP Baltimore, among others. By doing so, they aim to contribute to the overall development and well-being of the youth in the Baltimore community.
Official website here: www.nextgeninvesting.org
Who is the CEO of Baltimore Next Generation Investing Event Inc Next Gen Event?
Matthew Wyskiel is the President of Baltimore Next Generation Investing Event Inc Next Gen Event.
Official website here: www.nextgeninvesting.org
What is the revenue of Baltimore Next Generation Investing Event Inc Next Gen Event?
Baltimore Next Generation Investing Event Inc Next Gen Event's revenue in 2022 was $161,920.
Official website here: www.nextgeninvesting.org
Who are the executives of Baltimore Next Generation Investing Event Inc Next Gen Event and what are their salaries?
There 8 volunteers at Baltimore Next Generation Investing Event Inc Next Gen Event.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nextgeninvesting.org
Where can I find the form 990 for Baltimore Next Generation Investing Event Inc Next Gen Event?
Baltimore Next Generation Investing Event Inc Next Gen Event's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nextgeninvesting.org
Learn more at the official website: www.nextgeninvesting.org
Mission Statement of Baltimore Next Generation Investing Event Inc Next Gen Event
Baltimore Next Generation Investing Event, often referred to as Next Gen Event, is an organization that annually hosts an investment event fundraiser with a mission to support various Baltimore-based non-profit organizations that focus on assisting local youth. The primary goal of this event is to raise funds for these charities, aiming to contribute to their efforts in uplifting the city's young population.
During their successful in-person investment-event fundraiser on November 9, 2022, Next Gen Event distributed grants to three notable non-profit organizations. Among them, Children's Scholarship Fund Baltimore and Southwest Baltimore Charter School each received $47,000, while KIPP Baltimore was granted $27,000. These funds will undoubtedly help these non-profits in continuing their initiatives to support and empower Baltimore's youth, providing them with opportunities for growth and development.
By organizing this annual investment event, Next Gen Event aspires to foster a sense of community and collective responsibility towards improving the lives of Baltimore's youth. Through their generous grants, they aim to contribute to the success of these non-profit organizations, ultimately ensuring that the city's young population has access to the resources and support they need to thrive.
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Impact
October, 2024
The Baltimore Next Generation Investing Event generates significant impact in the community by raising funds for local nonprofits dedicated to youth support. Through its annual investment event, it has successfully distributed substantial grants to organizations such as the Children's Scholarship Fund Baltimore, Southwest Baltimore Charter School, and KIPP Baltimore. In 2022 alone, the event raised a total of $121,000, reinforcing its commitment to enhancing educational opportunities for youth in Baltimore. This funding enables these organizations to provide scholarships and educational resources, ensuring that local children have access to quality education and support systems that foster their growth and development. The event not only aids in the immediate financial needs of these nonprofits but also enhances community awareness and engagement in the importance of youth investment.
This information is meant to be a general summary of Baltimore Next Generation Investing Event Inc Next Gen Event. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $161,920
Assets and Liabilities:
- Total Assets: $10,796
- Total Liabilities: $0
- Net Assets: $10,796
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Organization Details
Founding Year
2014
Phone
(410) 218-1472Principal Officer
Matthew Wyskiel
Main Address
35 Warrenton Road, Baltimore, MD, 21210
Website
www.nextgeninvesting.orgNTEE Category
Code: W99 - Public benefit
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