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Filing year 2024

NEXT LIFE FOUNDATION

Okoboji, Iowa·EIN 46-5588534·NTEE J12 · Employment·501(c)(3)
Total revenue
$201k
Total assets
$65k
Total expenses
$147k
Reported officers
6
Mission

NEXT LIFE FOUNDATION'S PURPOSE IS TO PROMOTE AND SUSTAIN CHRISTIAN VOCATIONAL TRAINING IN MBUGUNI, TANZANIA. THERE ARE 30 TAILORING STUDENTS AND 8 CARPENTRY STUDENTS THAT REQUIRE FABRIC, NEEDLES, THREAD, WOOD, GLUE AND TRANSPORTATION OF THESE SUPPLIES TO THE VILLAGE, ETC. WAGES ARE PAID TO THREE TEACHERS, THREE ADMINISTRATORS AND A COOK. AN ATTORNEY IS KEPT ON RETAINER IN COUNTRY. COMMUNITY OUTREACH IS PROVIDED EACH MONTH AS NEEDED FOR ILLNESSES AND OTHER SEVERE NEEDS AS THE TANZANIAN STAFF APPROVES. DEVELOPMENT OF A NEW CAMPUS BEGAN IN EARLY 2021. A TWO-CLASSROOM BUILDING AND A RESTROOM WERE COMPLETED IN 2021. A PERIMETER SECURITY WALL IS UNDER CONSTRUCTION. THE AMERICAN BOARD APPROVES FINANCIAL REPORTS OF HOW FUNDS WERE SPENT BY THE TANZANIAN BOARD AND PROVIDES FUNDS BASED ON ITEMIZED MONTHLY EXPENSES.

Reported officers (all unpaid)

No paid executives reported in 2024. NEXT LIFE FOUNDATION reported 6 unpaid officers and board members on its 990.

Director
Director
President
Secretary
Treasurer
Vice President

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Financial trend

Revenue and expenses over time

NEXT LIFE FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$132k
$146k
2023
$201k
$147k
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Employment executives earn

NEXT LIFE FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable employment organization nationwide earns a median of $94,244.

25th percentile
$27k
Median
$94,244
75th percentile
$170k
90th percentile
$278k

These are employment sector-wide figures, not this organization's reported pay. Based on 3,624 organizations across 3,624 filings (2021 – 2024).

See full Employment compensation data
FAQ

Common questions about NEXT LIFE FOUNDATION

What are NEXT LIFE FOUNDATION's revenue and expenses?

In 2024, NEXT LIFE FOUNDATION reported $201k in total revenue and $147k in total expenses on its IRS Form 990.

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