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)

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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.


Heare 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):


Derrek Beevas (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kris Maritz (Board Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Swammi (Board Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clay Taylor (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lee Hall (Ceo)
  • Compensation: $146,000
  • Related: $0
  • Other: $12,371


Official website here: www.nextstagemn.org

Where can I find the form 990 for Nextstage?

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.

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Impact




July, 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.




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.


Financials

This financial information is from Propublica.

Revenue
$2,737,361 (2022)
Expenses
$2,879,755 (2022)
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

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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

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