Nextcorps Inc is a public charity based in Rochester, New York. The organization describes itself as a nonprofit that helps innovative technology companies launch and grow, connecting entrepreneurs and businesses with expertise, capital, customers, and community. It is an affiliate of the University of Rochester.
Key facts about Nextcorps Inc
In short: Nextcorps Inc gave $680K across 30 grants in 2025 (avg $23K), top state California. Source: 2025 IRS Form 990.
- EIN
- 16-1195028
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $680,000
- Grants made (2025)
- 30
- Average grant
- $22,667
- Median grant
- $10,000
- Total assets
- $44,800,835
- Primary geography
- California (29% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$44.8M
+10.3% YoY
Annual Giving
$680K
+126.7% YoY
Grant Count
30
+150.0% YoY
Avg Grant Size
$23K
-9.3% YoY
How Nextcorps Inc gives
Estimate from itemized grant lists in IRS Form 990 filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
NextCorps’s stated mission is to help innovative technology companies launch and grow. Its programs include an incubator; climate-tech accelerators intended to help commercialize clean-energy solutions; manufacturing accelerator programming to help scale hardware in New York State; and Luminate, a global accelerator, competition, and investment mechanism for startups developing deep tech enabled by optics, photonics, or imaging.
Its Manufacturing Extension Partnership center connects Rochester- and Finger Lakes-based manufacturers, printers, food and beverage companies, and other production-related businesses with resources to improve competitiveness and growth. The organization also provides startup coaching, education, workspace, and access to resources. Its website notes that the incubation program is not a funding source; other accelerator programs facilitate connections to potential investors, and Luminate provides direct investment.
Grantmaking
In filing year 2025, NextCorps reported 30 grants totaling $680,000. Grant amounts ranged from $10,000 to $75,000, with a median of $10,000. The stated purposes include climate-tech accelerator cohort participation awards and investor-matching awards, as well as assistance to startups that have reached the proof-of-concept stage.
The largest reported grants were $75,000 each to CALECTRA INC (California), REEGEN INC (New York), and TEREFORM LLC (Colorado), for climate-tech accelerator cohort participation awards and investor-matching awards. Other notable grants included $62,500 to HYBRON INC (California) and $37,500 to SILISIUMTECH INC (Pennsylvania), also for climate-tech accelerator cohort participation and investor-matching awards. KINETO LLC (New York) and PLANKE APP LLC (Delaware) each received $25,000 to assist with funding after reaching proof of concept. Several other listed recipients received $25,000 for climate-tech accelerator cohort participation awards.
The organization’s application form asks about the startup, its industry, stage, size, and the type of help sought, and asks applicants to select relevant programs or services. It describes incubation as offering education, mentoring, and community membership, but not funding. Other accelerator programs facilitate investor connections, with Luminate providing direct investment.
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Geographic Focus
Where this funder awards grants
NextCorps is based in Rochester and describes its regional role as supporting the transformation of the area into a technology hub. Its manufacturing growth services serve eligible companies in Rochester and the Finger Lakes region. Its 2025 grant dollars went to recipients in multiple states; the largest reported shares were California (29%), New York (27%), and Colorado (12%).
Grant Distribution by State
Share of 2025 grant dollars across all 30 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $175K (2022) to $680K (2025). In 2025 it made 30 grants totaling $680K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Calectra Inc ($75K). Together the top 10 received $450K.
Grant Size Distribution
68 grants across all recorded years
The most common grant size was under $50K: 64 grants of 68 (94%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Calectra Inc Oakland, CA | For climatetech accelerator cohort participation awards and investor matching award | $75,000 |
| Reegen Inc Ithaca, NY | For climatetech accelerator cohort participation awards and investor matching award | $75,000 |
| Tereform LLC Lakewood, CO | For climatetech accelerator cohort participation awards and investor matching award | $75,000 |
| Hybron Inc Palos Verdes Estates, CA | For climatetech accelerator cohort participation awards and investor matching award | $62,500 |
| Silisiumtech Inc Allison Park, PA | For climatetech accelerator cohort participation awards and investor matching award | $37,500 |
| Kineto LLC Pittsford, NY | Assist start-up with funding after proof-of-concept stage has been achieved in order to reach commercial success in recognized innovation zones | $25,000 |
| Planke App LLC Middletown, DE | Assist start-up with funding after proof-of-concept stage has been achieved in order to reach commercial success in recognized innovation zones | $25,000 |
| Arbour Group LLC New York, NY | For Climatetech Accelerator Cohort Participation Awards | $25,000 |
| Arculus Solutions Inc Arlington, VA | For Climatetech Accelerator Cohort Participation Awards | $25,000 |
| Perseus Materials Inc Knoxville, TN | For Climatetech Accelerator Cohort Participation Awards | $25,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grant sum | Grant count |
|---|---|---|---|---|---|
| 2025 | $44,800,835 | $13,201,479 | $10,041,666 | $680,000 | 30 |
| 2024 | $40,617,824 | $13,633,546 | $11,235,051 | $300,000 | 12 |
| 2023 | $36,635,804 | $14,656,839 | $12,013,233 | $250,000 | 10 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $44,800,835 | $40,617,824 | $36,635,804 |
| Revenue | $13,201,479 | $13,633,546 | $14,656,839 |
| Expenses | $10,041,666 | $11,235,051 | $12,013,233 |
| Net Investment Income | $174,398 | $128,484 | $100,446 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS April 30, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS February 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 13, 2026)
- Added Form 990 for fiscal year 2019 (received by the IRS March 5, 2020)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Peter G Robinson as director and chairman; Lori Green as director, vice chair, and secretary; Jay Popli as director and treasurer; and James S Senall as director and president. Other directors listed are Theresa B Mazzullo, Arunas Chesonis, Dana Miller, and Ryne Raffaelle. Christine B Whitman is listed as a director through November 2024, and Joe Wesley as a director through February 2025.
Nextcorps Inc is led by James S. Senall, Director & President on every filing since 2019; none of the 17 officers listed in 2025 report compensation.
Officers on the 2025 filing
James S. Senall
Director & President
On filings since 2019
40 hrs/week
No compensation reported
Peter G. Robinson
Director & Chairman
On filings since 2019
0.5 hrs/week
No compensation reported
Sujatha Ramanujan
Managing Director & Luminat
Managing Director & Luminat → Managing Director & Luminate, 2022
Managing Director & Luminate → Managing Director & Luminat, 2023
On filings since 2019
40 hrs/week
No compensation reported
Arunas Chesonis
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Christine B. Whitman
Director -
Director → Director -, 2025
On filings since 2019
0.5 hrs/week
No compensation reported
Dana Miller
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Jay Popli
Director & Treasurer
Director → Director & Treasurer, 2024
On filings since 2019
0.5 hrs/week
No compensation reported
Lori Green
Director, Vice Chair & Secretary
On filings since 2019
0.5 hrs/week
No compensation reported
Theresa B. Mazzullo
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Joe Wesley
Director -
Director → Director -, 2025
On filings since 2021
0.5 hrs/week
No compensation reported
Ryne Raffaelle
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Ana Liss
Director
Director - → Director, 2023
On filings since 2022
0.5 hrs/week
No compensation reported
Dan Burns
Director
Director - → Director, 2023
On filings since 2022
0.5 hrs/week
No compensation reported
Jeffrey Quain
Director
Director - → Director, 2025
On filings since 2024
0.5 hrs/week
No compensation reported
Steve Dewhurst
Director
Director - → Director, 2025
On filings since 2024
0.5 hrs/week
No compensation reported
Timothy Thaney
Director
Director - → Director, 2025
On filings since 2024
0.5 hrs/week
No compensation reported
John F. Magee
CFO
Managing Director & Finance → CFO, 2024
On filings since 2023
40 hrs/week
No compensation reported
Former officers (11)
- Former: John D. McCurdy (2019–2024) — Director & Treasurer -
- Former: Joseph Rizzo (2019–2024) — Director -
- Former: Candice Sheffer (2019–2023) — Managing Director & Finance
- Former: Dan Cuniffe (2019–2023) — Director -
- Former: Bill Strassburg (2019–2022) — Director -
- Former: Debbie Stendardi (2019–2022) — Director -
- Former: Kurt Gelke (2019–2022) — Director -
- Former: Jeffrey Adair (2019–2020) — Director
- Former: Peter Schott (2019–2020) — Director
- Former: Suzanne A. O'Connor (2019) — Managing Director, Finance & Administrator
- Former: Yvette Pagano (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: 260 E Main Street 6000, Rochester, NY 14604
Phone: (585) 214-2400
Website: https://nextcorps.org
Frequently asked questions about Nextcorps Inc
How much does Nextcorps Inc give each year?
Nextcorps Inc gave $680K across 30 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $300K across 12 grants.
What is Nextcorps Inc's typical grant size?
Nextcorps Inc's median grant in 2025 was $10,000, and its average grant was $22,667, across 30 grants on its 2025 IRS Form 990.
Where does Nextcorps Inc give grants?
Nextcorps Inc's top state is California, with 29% of the grant dollars itemized on its 2025 IRS Form 990. The next largest states were New York (27%) and Colorado (13%). The most frequent recipient cities were Ithaca, NY (2 grants), San Francisco, CA (2 grants) and Mountain View, CA (2 grants).
Does Nextcorps Inc give general operating support?
Not in 2025: none of the 30 grants with a stated purpose on Nextcorps Inc's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "For Climatetech Accelerator Cohort Participation Awards" (22 grants).
Who are Nextcorps Inc's largest grantees?
Nextcorps Inc's largest 2025 grantees include Calectra Inc ($75,000), Reegen Inc ($75,000) and Tereform LLC ($75,000), according to its 2025 IRS Form 990. Together they received 33% of its itemized 2025 grant dollars.
How large is Nextcorps Inc?
Nextcorps Inc reported $44.8M in total assets on its 2025 IRS Form 990. Its revenue that year was $13.2M.
What does Nextcorps Inc fund?
NextCorps’s stated mission is to help innovative technology companies launch and grow. See mission & focus areas ↑
How do I apply for a grant from Nextcorps Inc?
Nextcorps Inc has no public application process in the sources Grantable reviewed. Check nextcorps.org for current guidelines, or contact the foundation directly before submitting a request.
What is Nextcorps Inc's EIN?
Nextcorps Inc's EIN (Employer Identification Number) is 16-1195028. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
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