Next Generation Entrepreneurs Inc

  • Miami Beach, FL
  • Tax-exempt since March 2012
  • EIN: 45-3970126

Organization summary

Type of Nonprofit

Designated as a 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 Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

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.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$825
Expenses
$1,043
Net Income
-$218
Net Assets
-$53
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $825
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $939
90.0%
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 $0
Total Liabilities $53
Net Assets -$53
Compensation
Key Employees and Officers Compensation Other
Maryam Nahid (Treasurer) $0 $0
Nicklas Sarnicola (President) $0 $0
Patrick Adams (Executive Director) $0 $0

Document Links

990-PF
Filed on Nov. 17, 2025

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

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$720
Expenses
$3,661
Net Income
-$2,941
Net Assets
$165
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $720
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,295
90.0%
Compensation of Officers* $950
25.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $165
Total Liabilities $0
Net Assets $165
Compensation
Key Employees and Officers Compensation Other
Patrick Adams (Executive Director) $500 $0
Maryam Nahid (Treasurer) $450 $0
Nicklas Sarnicola (President) $0 $0

Document Links

990-PF
Filed on April 2, 2025

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

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$14,612
Expenses
$40,374
Net Income
-$25,762
Net Assets
$3,106
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $9,170
62.8%
Interest Revenue $0
Dividends $157
1.1%
Sales of Assets $5,285
36.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $36,436
90.2%
Compensation of Officers* $23,250
57.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,106
Total Liabilities $0
Net Assets $3,106
Compensation
Key Employees and Officers Compensation Other
Maryam Nahid (Treasurer) $15,750 $0
Patrick Adams (Executive Director) $7,500 $0
Nicklas Sarnicola (President) $0 $0

Document Links

990-PF
Filed on Nov. 14, 2023

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,152
Expenses
$73,113
Net Income
-$69,961
Net Assets
$46,918
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $195
6.2%
Interest Revenue $77
2.4%
Dividends $1,726
54.8%
Sales of Assets $1,154
36.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $68,303
93.4%
Compensation of Officers* $36,750
50.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $46,918
Total Liabilities $0
Net Assets $46,918
Compensation
Key Employees and Officers Compensation Other
Maryam Nahid (Treasurer) $18,750 $0
Patrick Adams (Executive Director) $18,000 $0
Nicklas Sarnicola (President) $0 $0

Document Links

990-PF
Filed on March 1, 2023

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

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,844
Expenses
$65,364
Net Income
-$61,520
Net Assets
$110,843
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,453
89.8%
Interest Revenue $1
0.0%
Dividends $1,985
51.6%
Sales of Assets -$1,595
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $58,506
89.5%
Compensation of Officers* $41,826
64.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $110,843
Total Liabilities $0
Net Assets $110,843
Compensation
Key Employees and Officers Compensation Other
Patrick Adams (Executive Director) $21,900 $0
Maryam Nahid (Treasurer) $19,926 $0
Nicklas Sarnicola (President) $0 $0

Document Links

990-PF
Filed on Oct. 6, 2021

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$21,067
Expenses
$128,219
Net Income
-$107,152
Net Assets
$167,320
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $15,327
72.8%
Interest Revenue $75
0.4%
Dividends $3,560
16.9%
Sales of Assets $2,105
10.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $117,053
91.3%
Compensation of Officers* $68,602
53.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $167,320
Total Liabilities $0
Net Assets $167,320
Compensation
Key Employees and Officers Compensation Other
Patrick Adams (Executive Director) $50,400 $0
Maryam Nahid (Treasurer) $18,202 $0
Nicklas Sarnicola (President) $0 $0

Document Links

990-PF
Filed on Nov. 16, 2020

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$16,096
Expenses
$144,778
Net Income
-$128,682
Net Assets
$241,912
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,061
12.8%
Interest Revenue $98
0.6%
Dividends $7,343
45.6%
Sales of Assets $6,594
41.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $133,007
91.9%
Compensation of Officers* $60,631
41.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $241,912
Total Liabilities $0
Net Assets $241,912
Compensation
Key Employees and Officers Compensation Other
Patrick Adams (Executive Director) $54,400 $0
Maryam Nahid (Treasurer) $6,231 $0
Nicklas Sarnicola (President) $0 $0

Document Links

990-PF
Filed on Nov. 12, 2019

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$18,870
Expenses
$135,988
Net Income
-$117,118
Net Assets
$397,460
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $9,816
52.0%
Interest Revenue $120
0.6%
Dividends $6,274
33.2%
Sales of Assets $2,269
12.0%
Other Income $391
2.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $111,835
82.2%
Compensation of Officers* $54,600
40.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $397,460
Total Liabilities $0
Net Assets $397,460
Compensation
Key Employees and Officers Compensation Other
Patrick Adams (Executive Director) $54,600 $0
Maryam Nahid (Treasurer) $0 $0
Nicklas Sarnicola (President) $0 $0
Ashley Rigss Sarnicola (Vice President) $0 $0
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Document Links

990-PF
Filed on Sept. 16, 2018

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

View Filing
XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$7,798
Expenses
$86,990
Net Income
-$79,192
Net Assets
$488,749
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $25
0.3%
Dividends $5,550
71.2%
Sales of Assets $2,022
25.9%
Other Income $201
2.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $75,814
87.2%
Compensation of Officers* $15,831
18.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $488,749
Total Liabilities $0
Net Assets $488,749
Compensation
Key Employees and Officers Compensation Other
Patrick Adams (Executive Director) $15,831 $0
Maryam Nahid (Treasurer) $0 $0
Nicklas Sarnicola (President) $0 $0
Ashley Rigss Sarnicola (Vice President) $0 $0
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Document Links

990-PF
Filed on Nov. 15, 2017

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,835
Expenses
$256,272
Net Income
-$247,437
Net Assets
$557,055
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $36
0.4%
Dividends $6,560
74.3%
Sales of Assets $2,239
25.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $234,127
91.4%
Compensation of Officers* $7,500
2.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $557,055
Total Liabilities $0
Net Assets $557,055
Compensation
Key Employees and Officers Compensation Other
Jon Devries (Treasurer/Secretary) $7,500 $0
Nicklas Sarnicola (President) $0 $0
Ashley Rigss Sarnicola (Vice President) $0 $0

Document Links

990-PF
Filed on Nov. 15, 2016

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$0
Expenses
$108,910
Net Income
-$108,910
Net Assets
$804,492
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
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 $804,492
Total Liabilities $0
Net Assets $804,492
Compensation
Key Employees and Officers Compensation Other
Jon Devries (Treasurer/Secretary) $75,000 $0
Nicklas Sarnicola (President) $0 $0
Ashley Riggs Sarnicola (Vice President) $0 $0

Document Links

990-PF
Filed on Aug. 13, 2015

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$495
Expenses
$159,104
Net Income
-$158,609
Net Assets
$913,402
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $495
100%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $159,104
100%
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 $913,402
Total Liabilities $0
Net Assets $913,402
Compensation
Key Employees and Officers Compensation Other
Jon Devries (Treasurer/Secretary) $0 $0
Nicklas Sarnicola (President) $0 $0
Ashley Riggs Sarnicola (Vice President) $0 $0

Document Links

990-PF
Filed on Sept. 4, 2014

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,007,750
Expenses
$41,635
Net Income
$966,115
Net Assets
$1,072,011
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,007,750
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
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 $1,072,011
Total Liabilities $0
Net Assets $1,072,011

Document Links

990-PF

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

PDF

About This Data

What Is This Data?

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

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

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