2025-11-17T17:59:28-06:00 2024-12-31 130436940 ANCHIN BLOCK & ANCHIN LLP 3 TIMES SQUARE NEW YORK NY 10036 990 2024-01-01 364957734 NEW GENERATION FOUNDATION INC NEWG 9179154287 1810 E SAHARA AVE 587 LAS VEGAS NV 89104 GANBAT CHULUUNKHUU EXECUTIVE DIRECTOR, NGF NEVADA TR 9179154287 2025-11-17 1 1 ADAM RUBINFELD P01542370 2128403456 2025-11-17 2024 2025-03-06 01:10:19Z X JOEL MCCLEARY 1810 E SAHARA AVE 587 LAS VEGAS NV 89104 5625313 0 X N/A X 2019 NV TO PROVIDE FUNDING TO SUPPORT THE MISSION AND ACTIVITIES OF THE AUTONOMOUS EDUCATIONAL ORGANIZATIONS, "NAZARBAYEV UNIVERSITY AND "NAZARBAYEV INTELLECTUAL SCHOOLS," EACH A NOT-FOR-PROFIT ENTITY LOCATED IN THE REPUBLIC OF KAZAKHSTAN, AND THEIR AFFILIATED ORGANIZATIONS. X 3 3 0 0 0 0 0 0 0 0 20874456 116471 18523 0 20892979 116471 0 27928474 0 0 1918252 2593500 0 0 0 2576728 302547 4494980 30824521 16397999 -30708050 30712966 0 4916 0 30708050 0 X TO PROVIDE FUNDING TO SUPPORT THE MISSION AND ACTIVITIES OF THE AUTONOMOUS EDUCATIONAL ORGANIZATIONS, "NAZARBAYEV UNIVERSITY AND "NAZARBAYEV INTELLECTUAL SCHOOLS," EACH A NOT-FOR-PROFIT ENTITY LOCATED IN THE REPUBLIC OF KAZAKHSTAN, AND THEIR ORGANIZATIONS. 0 0 27928474 27928474 0 IN 2024, THE FOUNDATION CONTINUED TO SET UP THE APPROPRIATE STRUCTURE NEEDED TO SUPPORT ALL THE FUTURE EDUCATIONAL AND OTHER RELATED ACTIVITIES IN FURTHERANCE OF ITS MISSION. EFFECTIVE FEBRUARY 29, 2024, NEW GENERATION FOUNDATION INC CREATED THE NGF NEVADA TRUST, AS A LIQUIDATING TRUST WITHIN THE MEANING OF TREAS REG SECTION 301.7701-4(D), TRANSFERRING ALL REMAINING ASSETS TO THE TRUSTEES. NEW GENERATION FOUNDATION INC'S INTENT IN ESTABLISHING THE TRUST IS TO CREATE A STRUCTURE TO RECEIVE THE FUNDS AND ASSETS IN CONNECTION WITH DISSOLUTION IN ORDER TO RESOLVE ANY OUTSTANDING VALID CLAIMS, OBLIGATIONS, DEBTS, AND EXPENSES AND TO PROVIDE FOR THE CHARITABLE BENEFICIARIES. THE TRUST ESTATE SHALL BE HELD FOR SUCH PURPOSES AND SUBSEQUENTLY FOR THE BENEFIT OF CERTAIN EDUCATIONAL INSTITUTIONS AND WILL BE HELD, ADMINISTERED, AND DISTRIBUTED AS PROVIDED HEREIN. NEW GENERATION FOUNDATION INC INTENDS THAT THE TRUST WILL BE TAXED AS A COMPLEX TRUST FOR INCOME TAX PURPOSES AND NOT AS A "GRANTOR TRUST" AS DEFINED BY THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR ANY SUCCESSOR STATUTE THERETO (THE "CODE"). 27928474 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 1 X 0 0 1 0 0 1 KZ KG RS UK 0 0 0 0 0 0 X 3 3 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 NV X ANCHIN BLOCK & ANCHIN LLP 2128403456 3 TIMES SQUARE NEW YORK NY 10036 JOEL MCCLEARY CHAIR 45.00 45.00 X X 877500 202500 0 NURALY BEKTURGANOV SECRETARY 35.00 35.00 X X 780000 180000 0 ROBERT F ARMAO DIRECTOR 30.00 30.00 X 780000 180000 0 AIDOS BEKTURGANOV EXECUTIVE DIRECTOR AND MAN 40.00 X 0 0 0 GANBAT CHULUUNKHUU EXECUTIVE DIRECTOR, NGF NEVADA TRUST 40.00 40.00 X 156000 144000 0 2593500 706500 0 4 0 1 0 HOLLAND & KNIGHT LLP 524 GRAND REGENCY BLVD BRANDON FL 33510 LEGAL FEES 254548 1 24619 24619 5595777 4917 5500000 8842 95777 -3925 91852 91852 116471 0 0 116471 27928474 27928474 2593500 2593500 254548 254548 36000 36000 3000 3000 6291 6291 CORPORATE FILING FEES 1368 1368 MISCELLANEOUS FEES 1075 1075 BANK CHARGES 265 265 30824521 27928474 2896047 0 3314798 0 20199493 0 0 0 0 0 0 0 353818 0 0 8842 0 0 5500000 0 0 0 1336015 0 30712966 0 4916 0 4916 0 X 0 0 0 0 30708050 0 30708050 0 30712966 0 -30708050 0 X 0 0 0 1 NGF NEVADA TRUST C/O PEAK TRUST CO 1840 E WARM SPRINGS RD SUITE 105 LAS VEGAS NV 89119 387320244 27928474 0 THE NGF NEVADA TRUST IS A TRUST FORMED BY THE NEW GENERATION FOUNDATION, INC. ("NGF") TO RECEIVE THE REMAINING FUNDS AND ASSETS OF NGF IN CONNECTION WITH ITS DISSOLUTION. THE TRUST IS INTENDED TO RESOLVE ANY OUTSTANDING VALID CLAIMS, OBLIGATIONS, DEBTS, AND EXPENSES, AND TO SUPPORT ANY POTENTIAL LITIGATION RELATED TO NGF AND ITS TRANSACTIONS. ULTIMATELY, THE TRUST AIMS TO DISTRIBUTE ANY REMAINING ASSETS TO NGF'S CHARITABLE BENEFICIARIES, SPECIFICALLY NAZARBAYEV UNIVERSITY AND NAZARBAYEV INTELLECTUAL SCHOOLS IN KAZAKHSTAN, THEREBY FULFILLING NGF'S ORIGINAL MISSION OF SUPPORTING EDUCATIONAL AND SOCIAL DEVELOPMENT PROGRAMS IN KAZAKHSTAN. 0 1 PART I, LINE 2: THE TRUSTEES AND ADMINISTRATIVE TRUSTEE OF NGF NEVADA TRUST MONITOR THE USE OF GRANTS TO MAKE SURE THE ORIGINAL MISSION OF NEW GENERATION FOUNDATION IS ACHIEVED. X 0 0 0 0 0 0 0 0 0 JOEL MCCLEARY CHAIR 67500 202500 0 0 810000 0 0 0 0 0 877500 202500 0 0 NURALY BEKTURGANOV SECRETARY 60000 180000 0 0 720000 0 0 0 0 0 780000 180000 0 0 ROBERT F ARMAO DIRECTOR 60000 180000 0 0 720000 0 0 0 0 0 780000 180000 0 0 GANBAT CHULUUNKHUU EXECUTIVE DIRECTOR, NGF NEVADA TRUST 156000 144000 0 0 0 0 0 0 0 0 156000 144000 0 0 PART I, LINE 3 TERMINATION FEES WERE APPROVED FOR ROBERT ARMAO, JOEL MCCLEARY, AND NURALY BEKTURGANOV BY THE BOARD AS PART OF DISSOLUTION. PART II, COLUMN A, LINES 1(II) - 4(II): COMPENSATION WAS PAID BY RELATED ORGANIZATION, NGF NEVADA TRUST, POST DISSOLUTION OF NEW GENERATION FOUNDATION, INC. AS REPORTED IN COLUMN B. CASH 2024-02-29 27928474 387320244 NGF NEVADA TRUST C/O PEAK TRUST CO 1840 E WARM SPR LAS VEGAS NV 89119 TRUST 1 0 0 0 1 1 1 0 0 PART I, LINE 2E: PERSON(S) INVOLVED: ROBERT F. ARMAO, DIRECTOR, NURALY BEKTURGANOV, SECRETARY, AND JOEL MCCLEARY, BOARD CHAIR PART I, LINE 2E: EXPLANATION OF INVOLVEMENT: ROBERT F. ARMAO AND NURALY BEKTURGANOV WILL SERVE AS TRUSTEES FOR NGF NEVADA TRUST WHILE JOEL MCCLEARY WILL SERVE AS TRUST PROTECTOR. NGF NEVADA TRUST IS THE RECIPIENT OF NEW GENERATION FOUNDATION INC'S ASSETS UPON DISSOLUTION. FORM 990, PART VI, SECTION A, LINE 2 AIDOS BEKTURGANOV, EXECUTIVE DIRECTOR, HAS A FAMILY RELATIONSHIP WITH A BOARD MEMBER, NURALY BEKTURGANOV. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS PREPARED BY A QUALIFIED CPA FIRM AND REVIEWED BY MANAGEMENT AND PROVIDED TO THE FULL BOARD PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST POLICY WAS ADOPTED BY THE ORGANIZATION AND ALL BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 ON JUNE 2, 2023, THE BOARD OF DIRECTORS RESOLVED TO PAY COMPENSATION TO THE CHAIRMAN OF THE BOARD AND EACH DIRECTOR A SEVERANCE EQUAL TO THREE YEARS OF THE ESTABLISHED ANNUAL RETAINER. FOR AVOIDANCE OF THE DOUBT, THIS SHALL MEAN $810,000 FOR THE CHAIRMAN OF THE BOARD AND $720,000 FOR A DIRECTOR (COLLECTIVELY AS "TERMINATION FEES"). THESE TERMINATION FEES WERE PAID TO THE DIRECTORS ON FEBRUARY 21, 2024. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS OPEN FOR PUBLIC INSPECTION ARE AVAILABLE BY REQUEST. JYSAN HOLDING LLC 10161 WEST PARK RUN DRIVE SUITE 150 LAS VEGAS NV 89145 INVESTMENT HOLDING COMPANY NV NEW GENERATION FOUNDATION AKMOLA-DIRMEN LLP 45/3 AL-FARABI AVENUE ASTANA KZ 010000 OTHER ACT ON GRAIN MARKET KZ JFOOD KAZAKHSTAN LLP C 0.72550 1 ALMANIT RUS LLC 23 ZHUKOV ROUTE MOSCOW RS 115114 IT DEVELOPMENT ACTIVITIES RS JUSAN MART LLP C 0.92000 1 ASTANA CARGO SERVICE LLP 24/6 ALASH ROAD ASTANA KZ 010000 LOGISTIC ACTIVITIES KZ JUSAN VENTURES LLP C 0.92380 1 ASTYK LOGISTICS LLP 24/2 ALASH ROAD ASTANA KZ 010000 LOGISTIC AND DISTRIBUTION KZ JUSAN VENTURES LLP C 0.92380 1 ASTYKZHAN TRADE CENTER LLP 3 BEYSEKOV STREET ASTANA KZ 010000 TRADE ACTIVITIES KZ JTRADE LLP C 0.92380 1 ASTYKZHAN-KOSTANAY LLP 1B ABAYA AVENUE KOSTANAY KZ 110005 RETAIL TRADE ACTIVITIES KZ JTRADE LLP C 0.92380 1 CLOUD MASTER LLP SEVERNYI RESIDENTIAL QUARTER 3 TSEL KOSSHY AUL KZ 010000 INFORMATION TECHNOLOGY KZ JUSAN MOBILE JSC C 0.92380 1 CTC LLP NAURYZBAI BATYRA 17 ALMATY KZ 050004 WIRED TELE COMMUNICATION KZ JUSAN MOBILE JSC C 0.92380 1 CTC NETWORK LLP NAURYZBAI BATYRA 17 ALMATY KZ 050004 WIRED TELE COMMUNICATION KZ JUSAN MOBILE JSC C 0 FIRST HEARTLAND CAPITAL JSC 45 KHADZHY MUKAN STREET ALMATY KZ 050059 INVESTMENT MANAGEMENT KZ FIRST HEARTLAND JUSAN BANK JSC C 0.72550 1 FIRST HEARTLAND JUSAN BANK JSC 242 NAZARBAYEV AVENUE ALMATY KZ A26F8T9 COMMERCIAL BANKING KZ FIRST HEARTLAND JUSAN BANK JSC C 0.72550 1 FIRST HEARTLAND JUSAN INVEST JSC 24 SYGANAK STREET ASTANA KZ 010000 SECURITIES BROKERAGE KZ FIRST HEARTLAND JUSAN BANK JSC C 0.72550 1 FIRST HEARTLAND SECURITIES JSC 242 NAZARBAYEV AVENUE ALMATY KZ 050000 SECURITIES BROKERAGE KZ JUSAN TECHNOLOGIES LTD C 0.92150 1 INSURANCE COMPANY JUSAN GARANT JSC 187B NAZARBAYEV AVENUE ALMATY KZ 050008 INSURANCE ACTIVITIES KZ FIRST HEARTLAND JUSAN BANK JSC C 0.72550 1 JFOOD DISTRIBUTION LLP 39 BOKEIKHANOVA STREET ALMATY KZ 050040 WHOLESALE FOOD PRODUCTS KZ JFOOD KAZAKHSTAN LLP C 0.72550 1 JFOOD KAZAKHSTAN LLP AKZHOL STREET 24 ASTANA KZ 000000 GRAIN PURCHASE & PROCESSING KZ JUSAN DEVELOPMENT LLP C 0.72550 1 JFOOD MILLS LLP 43-2 AL-FARABI AVENUE ASTANA KZ 010000 WAREHOUSE & PROD. SERVICES KZ JFOOD KAZAKHSTAN LLP C 0.72550 1 JFOOD PRODUCTION LLP 45/2 AL-FARABI AVENUE ASTANA KZ 010000 GRAIN MANUFACTURING KZ JFOOD KAZAKHSTAN LLP C 0.72550 1 JFOOD TRADE LLP 41 AL-FARABI AVENUE ASTANA KZ 010000 RETAIL SALE FOOD & BEV KZ JFOOD KAZAKHSTAN LLP C 0.72550 1 JPOST LLP BLDG 36 AL-FARABI AVENUE ALMATY KZ 050059 SECURE TRANSPORTATION KZ JUSAN MART LLP C 0.92000 1 JT INTERNATIONAL SARL 5 RUE GOETHER LUXEMBOURG LU 1637 INVESTMENT HOLDING LU JUSAN TECHNOLOGIES LTD C 0 JTRADE LLP DOSTYK AVENUE 91/2 OFFICE 410 ALMATY KZ 050059 RETAIL TRADE ACTIVITIES KZ JUSAN VENTURES LLP C 0.92380 1 JUSAN DEVELOPMENT LLP 248B DOSTYK AVENUE ALMATY KZ 050000 DISTRESSED ASSET MANAGEMENT KZ FIRST HEARTLAND JUSAN BANK JSC C 0.72550 1 JUSAN INKASSACIYA LLP 12G FEDEROV ST ALMATY KZ 050000 SECURE TRANSPORTATION KZ FIRST HEARTLAND JUSAN BANK JSC C 0.72550 1 JUSAN MART LLP BLDG 36 AL-FARABI AVENUE ALMATY KZ 050009 IT DEVELOPMENT ACTIVITIES KZ JUSAN VENTURES LLP C 0.92000 1 JUSAN MOBILE JSC RADOSTOVETS STREET 69 ALMATY KZ 050009 TELEPHONE COMMUNICATION KZ JUSAN VENTURES LLP C 0.92380 1 JUSAN PROPERTY LLP 248B DOSTYK AVENUE ALMATY KZ 050000 DISTRESSED ASSET MANAGEMENT KZ FIRST HEARTLAND JUSAN BANK JSC C 0.72550 1 JUSAN TECHNOLOGIES LTD 22A ST JAMES SQUARE LONDON UK SW1Y 4JH HOLDING & MGMT COMPANY UK NEW GENERATION FOUNDATION C 0.92380 1 JUSAN VENTURES LLP 242 NAZARBAYEV AVENUE ALMATY KZ 050000 MANAGEMENT COMPANY KZ JUSAN TECHNOLOGIES LTD C 0.92380 1 KUNAR-TRADE LLP 24/6 ALASH ROAD ASTANA KZ 010000 COMMERCIAL ACTIVITIES KZ JUSAN VENTURES LLP C 0.92380 1 OPTIMA BANK OJSC 493 JIBEK-OLU AVENUE BISHKEK KG 720070 COMMERCIAL BANKING KG FIRST HEARTLAND JUSAN BANK JSC C 0.70470 1 OUSA YUG LLP 20/14 ABAY AVENUE ALMATY KZ 050021 DISTRESSED ASSET MANAGEMENT KZ FIRST HEARTLAND JUSAN BANK JSC C 0.72550 1 PIONEER TECHNOLOGIES SARL 5 RUE GOETHER LUXEMBOURG LU 1637 INVESTMENT HOLDING LU PIONEER HORIZON EAST SCS C 0.92380 1 SAPA NAN LLP 31/1 AL-FARABI AVENUE ASTANA KZ 010000 PRODUCTION OF BREAD PRODUCTS KZ JUSAN DEVELOPMENT LLP C 0.72550 1 VBR REAL ESTATE LLP 140A AL-FARABI AVENUE ALMATY KZ 0500000 REAL ESTATE MANAGEMENT KZ JUSAN DEVELOPMENT LLP C 0.38450 1 NGF NEVADA TRUST C/O PEAK TRUST CO 1840 E WARM SPRIN LAS VEGAS NV 89119 387320244 NV T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 NGF NEVADA TRUST R 27928474 CASH