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Nextcorps Inc

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

EIN: 161195028 ✦ Rochester, NY ✦ Designated as a 501(c)(3)

Overview

What is Nextcorps Inc?

Nextcorps Inc, based in Rochester, New York, is a nonprofit organization dedicated to stimulating growth in the Greater Rochester technology sector. They facilitate the identification, development, and incubation of new business opportunities, particularly in the clean energy sector. Their initiatives include operating a high-tech incubator, helping startups scale their prototypes, and conducting related workshops. Nextcorps functions as a catalyst for entrepreneurship and innovation-driven economic development, applying business expertise and network connections to aid in the formation and profitable growth of companies in the region.


Official website here: www.nextcorps.org

Is Nextcorps Inc legitimate?

Nextcorps Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nextcorps Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,598,146

For more financial information, click here


Official website here: www.nextcorps.org

What is the mission statement of Nextcorps Inc?

Nextcorps Inc functions as a catalyst for entrepreneurship and innovation-driven economic development. They utilize business expertise and network connections to foster the formation and profitable growth of companies. Through active facilitation, they identify and develop new business opportunities within the technology sector. This includes operating a high-tech incubator and a program that helps startups in the "clean energy" sector refine their prototype product for mass production. Additionally, they conduct related workshops to engage and support entrepreneurs and emerging companies.


Official website here: www.nextcorps.org

Who is the CEO of Nextcorps Inc?

James S Senall is the Director - Thru Nov 2021 of Nextcorps Inc.


Official website here: www.nextcorps.org

What is the revenue of Nextcorps Inc?

Nextcorps Inc's revenue in 2022 was $13,022,284.


Official website here: www.nextcorps.org

Who are the executives of Nextcorps Inc and what are their salaries?

Here are 20 key members and their salaries:

    Peter G Robinson (Director & Chairman)
  • Compensation: $0
  • Related: $499,349
  • Other: $173,624

    • Theresa B Mazzullo (Director)
  • Compensation: $0
  • Related: $260,866
  • Other: $38,773

    • Kurt Gelke (Director - Thru Nov 2021)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Rizzo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Debbie Stendardi (Director - Thru Feb 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christine B Whitman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lori Green (Director, Vice Chair & Sec)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James S Senall (Director & President)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Arunas Chesonis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John D Mccurdy (Director & Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dana Miller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jay Popli (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bill Strassburg (Director - Thru Feb 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dan Cuniffe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ryne Raffaelle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joe Wesley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ana Liss (Director - As Of Aug 2021)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dan Burns (Director - As Of Feb 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sujatha Ramanujan (Managing Director, Luminate)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Candice Sheffer (Managing Director, Finance)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.nextcorps.org

    Where can I find the form 990 for Nextcorps Inc?

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


    Official website here: www.nextcorps.org

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

    Mission Statement of Nextcorps Inc

    Nextcorps Inc, a catalyst for entrepreneurship and innovation-driven economic development, utilizes business expertise and network connections to foster the formation and profitable growth of companies in the greater Rochester and Finger Lakes region. The organization's mission is geared towards stimulating the growth of the technology-based business sector by actively facilitating the identification, development, and incubation of new business opportunities.

    To accomplish this, Nextcorps Inc operates a high-technology incubator that helps startup companies, particularly those in the "clean energy" sector, develop a comprehensive roadmap for scaling their prototype product into a design that is easy to manufacture and mass-produce in New York State. The incubator provides these emerging companies with the necessary resources and support to transform their ideas into thriving businesses.

    In addition to its incubator program, Nextcorps Inc engages over 200 entrepreneurs and emerging companies through related workshops. These events offer valuable insights, learning opportunities, and networking possibilities, enabling participants to expand their knowledge, skills, and connections in the business world. By applying business expertise and fostering a supportive community, Nextcorps Inc plays a vital role in nurturing the entrepreneurial spirit and driving economic growth within the greater Rochester and Finger Lakes region.

    Impact

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




    Thursday, August 15, 2024

    Nextcorps Inc's impact is significant in stimulating the growth of the technology-based business sector in the Greater Rochester and Finger Lakes region. Through actively facilitating the identification, development, and incubation of new business opportunities, Nextcorps Inc serves as a catalyst for entrepreneurship and innovation-based economic development. By operating a high-technology business incubator, providing programs to help startup companies in the clean energy sector scale their products, and hosting workshops that engage hundreds of entrepreneurs and emerging companies, Nextcorps Inc plays a crucial role in supporting the formation and profitable growth of companies in the region.





    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: $4,182
  • Program Service Revenue: $3,866,497
  • Gross Receipts: $13,022,284

    • Assets and Liabilities:
  • Total Assets: $34,895,664
  • Total Liabilities: $6,560,164
  • Net Assets: $28,335,500
  • Programs

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

    PROJECT INCOME

    Revenue

    $3,341,424

    INCUBATOR RENT

    Revenue

    $339,093

    MISCELLANEOUS RENT

    Revenue

    $123,776

    SEMINAR INCOME

    Revenue

    $32,500

    OTHER INCOME

    Revenue

    $29,704

    Organization Details

    Founding Year

    1987

    Principal Officer

    James S Senall

    Main Address

    260 E MAIN STREET 6000, ROCHESTER, NY, 14604

    NTEE Category

    Code: V200 - Social research

    If you are a representative of Nextcorps Inc 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.