Next Generation Entrepreneurs Inc
Next Generation Entrepreneurs Inc is a private foundation, based in Miami Beach, FL. IRS filing data is available from 2020 through 2024. In 2024, it made $939 in qualifying distributions.
Next Generation Entrepreneurs Inc at a glance
- Revenue (2024)
- $825
- +14.6% vs 2023
- Qualifying distributions (2024)
- $939
- -71.5% vs 2023
- Expenses (2024)
- $1,043
- -71.5% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Next Generation Entrepreneurs Inc funds
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 3 grants of 3 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How Next Generation Entrepreneurs Inc gives
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2022, annual grant giving ranged from $1K (2022) to $25K (2021). In 2022 it made 1 grant totaling $1K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Little Lighthouse Foundation Miami, FL | Cash Contribution | $1,000 |
Ready to take the next step with Next Generation Entrepreneurs Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | — | $825 | $1,043 | — | — | $939 | — | $5 |
| 2023 | $165 | $720 | $3,661 | — | — | $3,295 | — | $29 |
| 2022 | $3,106 | $14,612 | $40,374 | $1,000 | 1 | $36,436 | $1,505 | $1,728 |
| 2021 | $46,918 | $3,152 | $73,113 | $25,000 | 1 | $68,303 | — | $3,617 |
| 2020 | $110,843 | $3,844 | $65,364 | $1,575 | 1 | — | — | $7,267 |
Under IRS private-foundation payout rules, Next Generation Entrepreneurs Inc reported a distributable amount of $5 for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Next Generation Entrepreneurs Inc is led by Patrick Adams, Executive Director on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Patrick Adams
Executive Director
On filings since 2020
1 hr/week
$22K (2020) → $0 (2024)
Nicklas Sarnicola
President
On filings since 2020
1 hr/week
No compensation reported
Maryam Nahid
Treasurer
On filings since 2020
2 hrs/week
$20K (2020) → $0 (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $500, to Patrick Adams (Executive Director). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Next Generation Entrepreneurs Inc
Where does Next Generation Entrepreneurs Inc operate?
Next Generation Entrepreneurs Inc has awarded grants in Florida, Nevada.
How much is Next Generation Entrepreneurs Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Next Generation Entrepreneurs Inc reported a distributable amount of $5 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Next Generation Entrepreneurs Inc's EIN?
Next Generation Entrepreneurs Inc's EIN (Employer Identification Number) is 45-3970126. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 6, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 1, 2023)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 2, 2025)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Next Generation Entrepreneurs Inc's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Florida
Charles F and Esther M Frye Foundation
Chicago, IL
The Charles F. and Esther M. Frye Foundation supports charitable organizations in areas including the arts, children’s services and health, behavioral health, and libraries. Its 2025 grants ranged from $1,000 to $10,000, with a median of $5,000; 90% of grant dollars went to Florida, with smaller shares to Virginia, Georgia, Washington, DC, and New York. It does not accept unsolicited requests and gives only to preselected organizations.
Assets
$2.6M
Grants
31
Total Given
$164K
Regan P Remillard Foundation
Garden City, NY
The Regan P Remillard Foundation funds charitable, youth sports, veteran-support, educational, and cultural organizations, with recent grants ranging from $600 to $23,545 and a median of $2,064. Its 2025 giving was concentrated in Massachusetts and Florida, with a small share going to Indiana. It gives only to preselected organizations and does not accept unsolicited requests.
Assets
$185K
Grants
12
Total Given
$65K
Tweddle Foundation
Detroit, MI
Assets
$9.8M
Grants
9
Total Given
$290K
Ida Hutzler Fund
Chicago, IL
Assets
$650K
Grants
8
Total Given
$29K
David and Leila Centner Family Foundation Inc
Miami Beach, FL
Assets
$72K
Grants
1
Total Given
$2K
The Prentice Foundation Inc
Wilmington, DE
The Prentice Foundation supports economic development in Western New York, including student fellowships and investments in regional businesses, while its grants also go to charitable organizations with varied missions. In 2024, grants ranged from $555 to $150,000, with a median of $8,913. It says it funds only preselected organizations and does not accept unsolicited requests.
Assets
$25.7M
Grants
219
Total Given
$2.7M
More similar funders
More Funders in Florida
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Next Generation Entrepreneurs Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Next Generation Entrepreneurs Inc down — hundreds of funders to go?