Nextstage

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 850898705 ✦ Bloomington, MN ✦ Designated as a 501(c)(3)

Overview

What is Nextstage?

Nextstage is a nonprofit organization dedicated to fostering entrepreneurship. Their mission encompasses providing education and training to aspiring entrepreneurs, aiding in the planning, development, and launch of new ventures, and supporting the growth and operational improvement of existing small businesses. Their commitment extends to assisting entrepreneurs at every stage of their journey, making them a comprehensive resource for anyone seeking to navigate the world of business.


Official website here: www.nextstagemn.org

Is Nextstage legitimate?

Nextstage is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nextstage 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.

Here are some key statistics you may want to consider:

Executive Compensation: $158,371
Professional Fundraising Fees: $0
Other Salaries and Wages: $61,500

For more financial information, click here


Official website here: www.nextstagemn.org

What is the mission statement of Nextstage?

Nextstage's mission is centered around supporting entrepreneurs at various stages of their journey. They strive to offer educational resources and training for individuals with an interest in entrepreneurship. Furthermore, they provide assistance to aspiring entrepreneurs in the initial planning, development, and establishment of their business ventures. Additionally, Nextstage extends its support to small business owners, aiding them in their growth and operational improvements.


Official website here: www.nextstagemn.org

Who is the CEO of Nextstage?

Lee Hall is the Board Chair of Nextstage. The CEO's salary of Nextstage is $146,000 and their total compensation is $158,371.


Official website here: www.nextstagemn.org

What is the revenue of Nextstage?

Nextstage's revenue in 2022 was $2,737,361.


Official website here: www.nextstagemn.org

Who are the executives of Nextstage and what are their salaries?

The average compensation at Nextstage during 2022 was $73,290. There are 3 employees and 11 volunteers at Nextstage.

Here are 5 key members and their salaries (Nextstage's CEO's salary is $146,000 and their total compensation is $158,371):

    Lee Hall (Ceo) [Trustee/Director]
  • Compensation: $146,000
  • Related: $0
  • Other: $12,371

    • Derrek Beevas (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kris Maritz (Board Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Swammi (Board Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Clay Taylor (Board Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.nextstagemn.org

    Where can I find the form 990 for Nextstage?

    The Nextstage’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.nextstagemn.org

    Learn more at the official website: www.nextstagemn.org

    Mission Statement of Nextstage

    Nextstage, as an organization, is committed to supporting entrepreneurs at various stages of their journey. Its mission is threefold. Firstly, Nextstage provides education and training to individuals who are interested in pursuing entrepreneurship. This includes equipping them with the necessary skills and knowledge required to start and run a successful business venture.

    Secondly, Nextstage assists entrepreneurs in the planning, development, and start-up phases of their business ventures. This support can range from helping them to identify potential business opportunities to providing guidance on how to create a business plan and secure funding.

    Lastly, Nextstage offers assistance to small business owners to help them grow and improve their operations. This could involve providing them with resources and tools to increase their productivity, improve their financial management, or expand their customer base. In essence, Nextstage's mission is to support entrepreneurs at every stage of their journey, from ideation to growth and beyond.

    Impact

    This information is meant to be a general summary of Nextstage. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Nextstage's impact is felt deeply in the community by providing crucial support and resources to entrepreneurs at every stage of their journey. Through education, training, and hands-on assistance, Nextstage empowers individuals to pursue their dreams of starting and growing successful businesses. By nurturing the entrepreneurial spirit and facilitating business development, Nextstage plays a vital role in driving economic growth, fostering innovation, and creating opportunities for small business owners to thrive.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,753
  • Program Service Revenue: $302,792
  • Gross Receipts: $2,737,361

    • Assets and Liabilities:
  • Total Assets: $3,055,054
  • Total Liabilities: $642,792
  • Net Assets: $2,412,262
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROGRAMS AND SERVICES

    Revenue

    $234,474

    PROGRAM LOAN INTEREST

    Revenue

    $68,318

    Organization Details

    Founding Year

    2020

    Principal Officer

    Lee Hall

    Main Address

    8011 34TH AVE 320, BLOOMINGTON, MN, 55425

    NTEE Category

    Code: S30 - Community improvement

    If you are a representative of Nextstage and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.