Next Generation Foundation

Lancaster, PA
Tax-exempt since March 2005
EIN: 14-1915624

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$586k (2023)

Expenses

$175k (2023)

Total Assets

$1.96M (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$586,336

Expenses

$175,295

Net Income

$411,041

Net Assets

$1,961,966

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$189,684	32.4%
Interest Revenue	$0
Dividends	$56,201	9.6%
Sales of Assets	$340,451	58.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$150,000	85.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,961,966
Total Liabilities	$0
Net Assets	$1,961,966

Compensation

Key Employees and Officers	Compensation	Other
Robert M Krasne (Director)	$0	$0
Hale A Krasne (Director)	$0	$0
William J Krasne (Director)	$0	$0
Margaret D Krasne (Director)	$0	$0

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990-PF

Filed on July 15, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$768,828

Expenses

$68,184

Net Income

$700,644

Net Assets

$1,764,777

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$244,415	31.8%
Interest Revenue	$0
Dividends	$42,516	5.5%
Sales of Assets	$481,897	62.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$50,000	73.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,764,777
Total Liabilities	$0
Net Assets	$1,764,777

Compensation

Key Employees and Officers	Compensation	Other
Robert M Krasne (Director)	$0	$0
Hale A Krasne (Director)	$0	$0
William J Krasne (Director)	$0	$0
Margaret D Krasne (Director)	$0	$0

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990-PF

Filed on July 31, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$815,659

Expenses

$166,545

Net Income

$649,114

Net Assets

$1,375,668

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$612,114	75.0%
Interest Revenue	$0
Dividends	$33,875	4.2%
Sales of Assets	$169,670	20.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$145,000	87.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,399,227
Total Liabilities	$23,559
Net Assets	$1,375,668

Compensation

Key Employees and Officers	Compensation	Other
Robert M Krasne (Director)	$0	$0
Hale A Krasne (Director)	$0	$0
William J Krasne (Director)	$0	$0
Margaret D Krasne (Director)	$0	$0

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990-PF

Filed on June 27, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$446,726

Expenses

$105,367

Net Income

$341,359

Net Assets

$1,210,477

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$105,903	23.7%
Interest Revenue	$0
Dividends	$23,919	5.4%
Sales of Assets	$316,904	70.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$95,000	90.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,210,478
Total Liabilities	$1
Net Assets	$1,210,477

Compensation

Key Employees and Officers	Compensation	Other
Robert M Krasne (Director)	$0	$0
Hale A Krasne (Director)	$0	$0
William J Krasne (Director)	$0	$0
Margaret D Krasne (Director)	$0	$0

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990-PF

Filed on May 14, 2021

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2019

Revenue

$568,589

Expenses

$112,483

Net Income

$456,106

Net Assets

$938,156

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$415,945	73.2%
Interest Revenue	$0
Dividends	$22,779	4.0%
Sales of Assets	$129,865	22.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$100,000	88.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$938,157
Total Liabilities	$1
Net Assets	$938,156

Compensation

Key Employees and Officers	Compensation	Other
Robert M Krasne (Director)	$0	$0
Hale A Krasne (Director)	$0	$0
William J Krasne (Director)	$0	$0
Margaret D Krasne (Director)	$0	$0

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990-PF

Filed on July 1, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$339,042

Expenses

$113,249

Net Income

$225,793

Net Assets

$780,710

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$79,918	23.6%
Interest Revenue	$0
Dividends	$19,797	5.8%
Sales of Assets	$239,327	70.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$105,000	92.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$830,710
Total Liabilities	$50,000
Net Assets	$780,710

Compensation

Key Employees and Officers	Compensation	Other
Robert M Krasne (Director)	$0	$0
Hale A Krasne (Director)	$0	$0
William J Krasne (Director)	$0	$0
Margaret D Krasne (Director)	$0	$0

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990-PF

Filed on July 2, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$285,806

Expenses

$76,007

Net Income

$209,799

Net Assets

$621,175

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$173,857	60.8%
Interest Revenue	$0
Dividends	$15,556	5.4%
Sales of Assets	$96,393	33.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$65,000	85.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$636,175
Total Liabilities	$15,000
Net Assets	$621,175

Compensation

Key Employees and Officers	Compensation	Other
Robert M Krasne (Director)	$0	$0
Hale A Krasne (Director)	$0	$0
William J Krasne (Director)	$0	$0
Margaret D Krasne (Director)	$0	$0

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990-PF

Filed on May 14, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$287,566

Expenses

$40,155

Net Income

$247,411

Net Assets

$549,926

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$99,913	34.7%
Interest Revenue	$0
Dividends	$12,643	4.4%
Sales of Assets	$175,010	60.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$35,000	87.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$559,666
Total Liabilities	$9,740
Net Assets	$549,926

Compensation

Key Employees and Officers	Compensation	Other
Robert M Krasne (Director)	$0	$0
Hale A Krasne (Director)	$0	$0
William J Krasne (Director)	$0	$0
Margaret D Krasne (Director)	$0	$0

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990-PF

Filed on May 12, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2015

Revenue

$141,572

Expenses

$37,089

Net Income

$104,483

Net Assets

$383,159

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$72,451	51.2%
Interest Revenue	$0
Dividends	$9,764	6.9%
Sales of Assets	$59,357	41.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$30,100	81.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$394,659
Total Liabilities	$11,500
Net Assets	$383,159

Compensation

Key Employees and Officers	Compensation	Other
Robert M Krasne (Director)	$0	$0
Hale A Krasne (Director)	$0	$0
William J Krasne (Director)	$0	$0
Margaret D Krasne (Director)	$0	$0

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990-PF

Filed on May 12, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$150,882

Expenses

$35,300

Net Income

$115,582

Net Assets

$415,671

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$51,968	34.4%
Interest Revenue	$0
Dividends	$11,527	7.6%
Sales of Assets	$87,387	57.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$30,500	86.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$427,171
Total Liabilities	$11,500
Net Assets	$415,671

Compensation

Key Employees and Officers	Compensation	Other
Robert M Krasne (Director)	$0	$0
Hale A Krasne (Director)	$0	$0
William J Krasne (Director)	$0	$0
Margaret D Krasne (Director)	$0	$0

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990-PF

Filed on May 11, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$83,767

Expenses

$26,895

Net Income

$56,872

Net Assets

$326,958

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$52,920	63.2%
Interest Revenue	$0
Dividends	$7,071	8.4%
Sales of Assets	$23,776	28.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$22,500	83.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$344,458
Total Liabilities	$17,500
Net Assets	$326,958

Compensation

Key Employees and Officers	Compensation	Other
Robert M Krasne (Director)	$0	$0
Hale A Krasne (Director)	$0	$0
William J Krasne (Director)	$0	$0
Margaret D Krasne (Director)	$0	$0

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990-PF

Filed on March 17, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$44,529

Expenses

$17,882

Net Income

$26,647

Net Assets

$281,382

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$22,845	51.3%
Interest Revenue	$0
Dividends	$7,355	16.5%
Sales of Assets	$14,225	31.9%
Other Income	$104	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$15,750	88.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$297,132
Total Liabilities	$15,750
Net Assets	$281,382

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$38,910

Expenses

$16,270

Net Income

$22,640

Net Assets

$272,609

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$26,221	67.4%
Interest Revenue	$0
Dividends	$6,147	15.8%
Sales of Assets	$6,542	16.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$14,250	87.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$272,610
Total Liabilities	$1
Net Assets	$272,609

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Next Generation Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $586k (2023)

Expenses $175k (2023)

Total Assets $1.96M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$586k (2023)

Expenses

$175k (2023)

Total Assets

$1.96M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005