2023-11-03T13:38:54-05:00 2022-12-31 451135289 BD & COMPANY INC 11155 RED RUN BLVD STE 410 OWINGS MILLS MD 21117 990 2022-01-01 272393482 NEXT ONE UP FOUNDATION INC NEXT 4103854205 PO BOX 22503 BALTIMORE MD 21203 MATTHEW HANNA FOUNDER & EXECUTIVE DIRECTOR 4103854205 2023-11-03 1 MATTHEW HANNA 999009999 0 DOUGLAS RUSSENBERGER P01338068 4104159700 2023-11-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MATTHEW HANNA PO BOX 22503 BALTIMORE MD 21203 2682816 0 X WWW.NEXTONEUP.ORG X 2010 MD NEXT ONE UP FOUNDATION, INC. (THE ORGANIZATION") CREATES GENERATIONAL CHANGE IN BALTIMORE BY EMPOWERING YOUNG MEN AS SCHOLARS, LEADERS, AND ATHLETES. BEGINNING OPERATIONS IN NOVEMBER 2010, THE ORGANIZATION IS AN INNOVATIVE NONPROFIT PROVIDING YEAR-ROUND, MULTI-YEAR SERVICES SUCH AS OUT-OF-SCHOOL-TIME SUPPORT AND MENTORING, COLLEGE & CAREER COUNSELING, SUMMER WORK OPPORTUNITIES, INTERNSHIPS, AND FULL-TIME JOB PLACEMENTS. BY PROVIDING LONG-TERM MENTORING AND COACHING, THE ORGANIZATION HELPS YOUNG MEN CREATE A DYNAMIC VISION FOR THE FUTURE AND DISCOVER ECONOMIC MOBILITY PATHWAYS. THE ORGANIZATION IS CURRENTLY SERVING 150 YOUNG MEN RANGING IN AGE FROM 12-25. 11 11 10 20 0 0 2347805 2599581 0 0 -15701 9356 0 0 2332104 2608937 124197 86005 0 0 700828 907478 0 0 121454 341878 788064 1166903 1781547 1165201 827390 2279252 4697380 5278 1580086 2273974 3117294 NEXT ONE UP TRANSFORMS THE LIVES OF YOUNG MEN IN BALTIMORE CITY BY SUPPORTING AND ADVANCING THEIR ACADEMIC, ATHLETIC AND SOCIAL DEVELOPMENT. 0 0 1356033 86005 0 NEXT ONE UP PROVIDES ADAPTIVE, MULTI-YEAR SUPPORT FOR YOUNG MEN FROM THEIR TEEN YEARS INTO THE EARLY YEARS OF A CAREER. MIDDLE AND HIGH SCHOOL SCHOLARS RECEIVE INTENSIVE OUT-OF-SCHOOL-TIME, SUPPORT, AND MENTORING THAT WILL HELP THEM GRADUATE HIGH SCHOOL AND MATRICULATE TO COLLEGE. BUT SUPPORT DOES NOT STOP AFTER HIGH SCHOOL GRADUATION. COLLEGE-GOERS RECEIVE ONGOING MENTORING AND COACHING, COMBINED WITH SUMMER WORK OPPORTUNITIES AND INTERNSHIP PLACEMENTS. OTHERS RECEIVE SUPPORT AND GUIDANCE TO BEGIN A CAREER IN THE TRADES. CAREER PROGRAMMING, INCLUDING COUNSELING, SKILLS DEVELOPMENT, AND JOB PLACEMENT, COMPLETES THE CONNECTIVE PROCESS OF GENERATIONAL CHANGE WITH A PROMISE OF UPWARD MOBILITY. 1356033 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 MD X JILL HEARD 4104930101 PO BOX 22503 BALTIMORE MD 21203 RYAN POTTER CHAIR 0.50 X X 0 0 0 CHRIS STEER ESQ VICE CHAIR 0.50 X X 0 0 0 WALTER HILL SECRETARY 0.50 X X 0 0 0 MATT WYSKIEL TREASURER 0.50 X X 0 0 0 DARIUS JENNINGS DIRECTOR 0.50 X 0 0 0 DAVID FEDORCHAK DIRECTOR 0.50 X 0 0 0 CALVIN WISE DIRECTOR 0.50 X 0 0 0 PAT HILL DIRECTOR 0.50 X 0 0 0 JEFF JENKINS DIRECTOR 0.50 X 0 0 0 JOHN SUNDER DIRECTOR 0.50 X 0 0 0 KATIE HEARN DIRECTOR 0.50 X 0 0 0 MATTHEW HANNA PRESIDENT/EXECUTIVE DIRECT 40.00 X 137500 0 0 137500 0 0 1 0 0 0 0 31119 198220 2370242 2599581 9201 9201 155 0 155 155 155 73879 31119 73879 0 2608937 0 0 9356 86005 86005 137500 101524 21981 13995 712577 526133 113917 72527 57401 42383 9176 5842 89500 89500 105232 105232 36347 10228 26119 21268 7464 11527 2277 7729 7729 158080 134980 23100 18052 1987 15704 361 3976 3643 333 9762 835 8927 STUDENT EXPENSES 248124 248124 0 0 WORKFORCE DEVELOPMENT 69549 69549 0 0 CLOTHING & EQUIPMENT 20445 20445 0 0 1781547 1356033 304060 121454 959650 406632 1065567 2350671 216790 250267 27682 32687 205601 14647 9563 190954 0 1466169 2279252 4697380 5278 79737 0 1500349 5278 1580086 X 1077135 1437024 1196839 1680270 2273974 3117294 2279252 4697380 827390 4830 11100 0 X X 0 1 X 1 0 X 1221936 863683 1143321 2347805 2599581 8176326 1221936 863683 1143321 2347805 2599581 8176326 1400559 6775767 4247 4463 2490 409 9201 20810 8197136 0.82660 0.81470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23374 14647 8727 182227 182227 190954 SECURITY DEPOSITS 50000 RIGHT OF USE ASSETS 1416169 1466169 RIGHT OF USE LIABILITY 1500349 1500349 X 2624712 4830 11100 15930 2608782 155 155 2608937 1781392 0 1781392 155 155 1781547 PART X, LINE 2: THE ORGANIZATION FOLLOWS THE GUIDANCE OF ASC 740-10, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" WHICH CLARIFIES THE ACCOUNTING FOR THE RECOGNITION AND MEASUREMENT OF THE BENEFITS OF INDIVIDUAL TAX POSITIONS IN THE FINANCIAL STATEMENTS, INCLUDING THOSE OF NON-PROFIT ORGANIZATIONS. TAX POSITIONS MUST MEET A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN NOT IN ORDER FOR THE BENEFIT OF THOSE TAX POSITIONS TO BE RECOGNIZED IN THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION ANALYZES TAX POSITIONS TAKEN, INCLUDING THOSE RELATED TO THE REQUIREMENTS SET FORTH IN IRC SEC. 501(C)(3) TO QUALIFY AS A TAX EXEMPT ORGANIZATION, ACTIVITIES PERFORMED BY BOARD MEMBERS, THE REPORTING OF UNRELATED BUSINESS INCOME, AND ITS STATUS AS A TAX-EXEMPT ORGANIZATION UNDER MARYLAND STATE STATUTE. THE ORGANIZATION DOES NOT KNOW OF ANY TAX BENEFITS ARISING FROM UNCERTAIN TAX POSITIONS AND THERE WAS NO EFFECT ON THE ORGANIZATION'S FINANCIAL POSITION OR CHANGES IN NET ASSETS AS A RESULT OF ANALYZING ITS TAX POSITIONS. FISCAL YEARS ENDING ON OR AFTER DECEMBER 31, 2018 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN ON THE SALE OF ASSETS NETTED AGAINST REVENUE ON FORM 990 155. PART XII, LINE 4B - OTHER ADJUSTMENTS: GAIN ON THE SALE OF ASSETS NETTED AGAINST EXPENSES ON FORM 990 155. IN THE LIMELIGHT 104998 31119 73879 37467 16664 19748 104998 31119 73879 37467 16664 19748 73879 0 1 SCHLOARSHIPS AND TUITION 14 43250 STUDENT ATHLETE AND FAMILY ASSISTANCE 5 206 PART I, LINE 2: 14 STUDENTS RECEIVED SCHOLARSHIPS OR TUITION ASSISTANCE IN THE AMOUNT OF $43,250 WHICH WAS PAID DIRECTLY TO THE EDUCATIONAL INSTITUTION. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION PROVIDES A COPY OF THE 990 TO THE ENTIRE BOARD OF DIRECTORS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO REVIEW AND AGREE TO THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. DISCLOSURES ARE REVIEWED AND UPDATED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION OF TOP MANAGEMENT INCLUDES A REVEIW AND APPROVAL BY THE BOARD OF DIRECTORS AS PART OF THE ANNUAL BUDGETING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT FOR THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED DURING THE YEAR.