New Generation Foundation Inc

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

EIN: 364957734 ✦ Las vegas, NV ✦ Designated as a 501(c)(4)

Overview

What is New Generation Foundation Inc?

New Generation Foundation Inc is a nonprofit organization based in Las Vegas, Nevada, with a mission to support the educational and related activities of two autonomous entities, Nazarbayev University and Nazarbayev Intellectual Schools, located in Kazakhstan. In 2022, the Foundation established the necessary infrastructure and distributed funds to these organizations to further their missions. The Foundation, with a team of five employees, aims to provide crucial financial backing to these not-for-profit educational institutions and their affiliated organizations.


Is New Generation Foundation Inc legitimate?

New Generation Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. New Generation Foundation 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $745,270
Professional Fundraising Fees: $0
Other Salaries and Wages: $77,270

For more financial information, click here


What is the mission statement of New Generation Foundation Inc?
Who is the CEO of New Generation Foundation Inc?
What is the revenue of New Generation Foundation Inc?
Who are the executives of New Generation Foundation Inc and what are their salaries?
Where can I find the form 990 for New Generation Foundation Inc?

Mission Statement of New Generation Foundation Inc

New Generation Foundation Inc is a philanthropic organization dedicated to funding the mission and activities of two autonomous educational entities: Nazarbayev University and Nazarbayev Intellectual Schools, both located in Kazakhstan and operating as not-for-profit organizations. The Foundation's primary objective is to support these educational institutions and their affiliated organizations in their pursuit of excellence.

In 2022, New Generation Foundation Inc continued its efforts by establishing the necessary infrastructure to facilitate future educational and related activities. Furthermore, the Foundation distributed funds to various educational organizations in Kazakhstan, remaining committed to its mission of providing financial assistance to these entities.

Nazarbayev University and Nazarbayev Intellectual Schools are key players in the educational landscape of Kazakhstan. With a not-for-profit status, they focus on delivering high-quality education and contributing to the development of the community. The New Generation Foundation Inc plays an essential role in fueling their growth and ensuring their continued success. Through its financial support, the Foundation enables these organizations to expand their reach and provide even more opportunities for students in Kazakhstan.

Impact

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




Thursday, August 15, 2024

New Generation Foundation Inc's impact is significant as it provides critical funding to support the mission and activities of autonomous educational organizations such as Nazarbayev University and Nazarbayev Intellectual Schools in the Republic of Kazakhstan. By distributing funds and setting up the necessary structures, the foundation plays a vital role in promoting educational development and initiatives in Kazakhstan. This support contributes to the growth and success of these educational entities, ultimately enhancing the quality of education and opportunities available to individuals 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: $12,024,673
  • Program Service Revenue: $0
  • Gross Receipts: $12,025,273

    • Assets and Liabilities:
  • Total Assets: $1,489,115,917
  • Total Liabilities: $260,665
  • Net Assets: $1,488,855,252
  • Organization Details

    Founding Year

    2019

    Principal Officer

    Aidos Bekturganov

    Main Address

    1810 E SAHARA AVE 587, LAS VEGAS, NV, 89104

    NTEE Category

    Code: Q12 - International

    If you are a representative of New Generation Foundation 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.