BETA

NEXTLADDER VENTURES INC: Form 990, tax year 2025

View the entire original 990 at ProPublica ↗

Organization
NEXTLADDER VENTURES INC (EIN 39-3959540)
Tax period
2025-08-19 to 2025-12-31
Filed
2026-09-18
IRS object ID
202602619349300410
Schema version
2025v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-09-18T09:38:23-05:00ReturnTs
Tax Period End2025-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN991856619PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GRANT THORNTON ADVISORS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line153 STATE STREET SUITE 1600AddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02109ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2025-08-19TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN393959540EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NEXTLADDER VENTURES INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlNEXTBusinessNameControlTxt
Phone2124552494PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 300195AddressLine1Txt
CityUNIVERSITY CITYCityNm
State AbbreviationMOStateAbbreviationCd
ZIP63130ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRYAN RIPPELPersonNm
Person TitleCHIEF EXECUTIVE OFFICERPersonTitleTxt
Phone2124552494PhoneNum
Signature2026-09-18SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonERIN COUTUREPreparerPersonNm
PTINP01390592PTIN
Phone6177237900PhoneNum
FieldValueIRS element (for citing)
Tax2025TaxYr

Form 990 IRS990

FieldValueIRS element (for citing)
Initial ReturnYes (X)InitialReturnInd
Principal OfficerRYAN RIPPELPrincipalOfficerNm
Gross Receipts$9,520,728GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2025FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionNEXTLADDER VENTURES IS A FIRST-OF-ITS-KIND FUND INVESTING IN (CONTINUED IN SCHEDULE O)TRANSFORMATIVE TECHNOLOGIES THAT EMPOWER MORE AMERICANS TO RECLAIM THEIR PATH TO PROSPERITY.ActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee8TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
CY Contributions Grants$9,514,931CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
CY Investment Income$5,797CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
CY Total Revenue$9,520,728CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$1,030,629CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
CY Other Expenses$1,964,163CYOtherExpensesAmt
CY Total Expenses$2,994,792CYTotalExpensesAmt
CY Revenues Less Expenses$6,525,936CYRevenuesLessExpensesAmt
Total Assets EOY$7,711,336TotalAssetsEOYAmt
Total Liabilities EOY$1,185,400TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances EOY$6,525,936NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionINVEST IN TRANSFORMATIVE TECHNOLOGIES THAT EMPOWER 90 MILLION AMERICANS STRUGGLING TO MAKE ENDS MEET TO RECLAIM THEIR PATH TO PROSPERITY. (CONTINUED IN SCHEDULE O)FURTHER, ENABLE THE 1.6 MILLION NAVIGATORS (CASEWORKERS, SOCIAL WORKERS, PAROLE OFFICERS, AND OTHERS) WHO SUPPORT THIS POPULATION WITH BETTER TOOLS AND TECHNOLOGIES TO SUPPORT INDIVIDUALS AND FAMILIES NAVIGATE CONSEQUENTIAL, COMPLEX LIFE DECISIONS AND IMPROVE OVERALL ECONOMIC MOBILITY IN THE UNITED STATES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$90,020ExpenseAmt
DescNEXTLADDER VENTURES IS TRAILBLAZING A NEW MARKET FOR TECH-ENABLED NAVIGATION TECHNOLOGY TOOLS THAT HELP PEOPLE ACCESS THE RESOURCES THEY NEED TO NAVIGATE PIVOTAL MOMENTS OFFERING FLEXIBLE, RISK-TOLERANT CAPITAL TO ENTREPRENEURS BUILDING THESE TRANSFORMATIVE TOOLS TODAY, WHILE CREATING A PIPELINE OF TECH, TALENT, AND CAPITAL FOR THE LONG RUN.Desc
Total Program Service Expenses$90,020TotalProgramServiceExpensesAmt
Described In Section501c30DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document7IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee8EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonCALLIE SCHWARTZPersonNm
Phone6175947949PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 300195AddressLine1Txt
CityUNIVERSITY CITYCityNm
State AbbreviationMOStateAbbreviationCd
ZIP63130ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeInd
SARA ALLEN
DIRECTOR AND CHAIRPERSON2.000.00Yes (X)Yes (X)$0$0$0
DEREK JOHNSON
DIRECTOR, TREAS & SECTY2.000.00Yes (X)Yes (X)$0$0$0
KEVIN BROMER
DIRECTOR2.000.00Yes (X)$0$0$0
ALLAN GOLSTON
DIRECTOR2.000.00Yes (X)$0$0$0
RYAN RIPPEL
CHIEF EXECUTIVE OFFICER40.000.00Yes (X)$239,417$0$41,418
RHETT DORNBACH-BENDER
CHIEF STRATEGY & OPERATIONS OFFICER40.000.00$247,785$0$52,599Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$487,202TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$94,017TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
RUSSELL REYNOLDS
277 PARK AVE SUITE 3800NEW YORKNY10172EXECUTIVE RECRUITING$364,440
CITY LIGHT IMPACT ADVISORY LLC
150 E 52ND STNEW YORKNY10022CONSULTING SERVICES$150,000
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
All Other Contributions$9,514,931AllOtherContributionsAmt
Total Contributions$9,514,931TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,797TotalRevenueColumnAmt
Exclusion$5,797ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$9,520,728TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$5,797ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$825,617TotalAmt
Management And General$825,617ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$119,657TotalAmt
Management And General$119,657ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$25,254TotalAmt
Management And General$25,254ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$60,101TotalAmt
Management And General$60,101ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$87,760TotalAmt
Management And General$87,760ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$145,925TotalAmt
Management And General$145,925ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$804,109TotalAmt
Program Services$90,000ProgramServicesAmt
Management And General$714,109ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$32,631TotalAmt
Program Services$20ProgramServicesAmt
Management And General$32,611ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,917TotalAmt
Management And General$3,917ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$53,817TotalAmt
Management And General$53,817ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$664TotalAmt
Management And General$664ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescFORMATION EXPENSESDesc
Total$835,340TotalAmt
Management And General$835,340ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,994,792TotalAmt
Program Services$90,020ProgramServicesAmt
Management And General$2,904,772ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
EOY$199,999EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$7,310,861EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$121,480EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
EOY$78,996EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$7,711,336EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
EOY$1,185,400EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$1,185,400EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$6,525,936EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$6,525,936EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$7,711,336EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$6,525,936ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
RHETT DORNBACH-BENDER
CHIEF STRATEGY & OPERATIONS OFFICER$139,003$0$107,437$0$1,345$0$40,510$0$12,089$0$300,384$0$0$0
RYAN RIPPEL
CHIEF EXECUTIVE OFFICER$149,583$0$88,461$0$1,373$0$40,500$0$918$0$280,835$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 7FormAndLineReferenceDesc
ExplanationBONUS COMPENSATION WAS GIVEN AS A SIGN-ON BENEFIT AS WELL AS ADDITIONAL AMOUNTS AWARDED BASED ON PERFORMANCE. COMPENSATION AMOUNTS WERE REVIEWED AND APPROVED BY THE BOARD.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE ORGANIZATION'S FORM 990 IS PREPARED BY A PROFESSIONAL SERVICES FIRM AND MANAGEMENT REVIEWS THE RETURN TO ENSURE THAT THE INFORMATION IS COMPLETE AND ACCURATE. THE FINAL 990 WAS PRESENTED TO THE AUDIT AND FINANCE COMMITTEE AND DISTRIBUTED TO THE FULL BOARD OF DIRECTORS FOR REVIEW BEFORE THE RETURN WAS SUBMITTED FOR FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CTHE ORGANIZATION HAS IN PLACE A CONFLICT OF INTEREST POLICY THAT APPLIES TO BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES, WHICH IT ANNUALLY MONITORS AND ENFORCES. THE BOARD CURRENTLY MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, THE INTERESTED PARTY SHALL LEAVE THE BOARD OR BOARD COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR BOARD COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS AND THE APPROPRIATE COURSE OF REMEDY.
FORM 990, PART VI, SECTION B, LINE 15THE BOARD OF DIRECTORS, OR ANY COMMITTEE OF THE BOARD, MAY FROM TIME TO TIME ESTABLISH REASONABLE COMPENSATION AND BENEFITS FOR THE OFFICERS OF THE CORPORATION. IN CONDUCTING ITS REVIEW, THE BOARD OR COMMITTEE CONSIDERS APPROPRIATE COMPARABILITY DATA, WHICH MAY INCLUDE COMPENSATION SURVEYS, COMPENSATION STUDIES, AND COMPENSATION INFORMATION FROM SIMILARLY SITUATED ORGANIZATIONS. INDIVIDUALS WITH A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT DO NOT PARTICIPATE IN THE REVIEW OR APPROVAL PROCESS. THE BOARD OR COMMITTEE DOCUMENTS THE DELIBERATIONS AND APPROVAL OF COMPENSATION ARRANGEMENTS CONTEMPORANEOUSLY IN MEETING MINUTES AND OTHER RECORDS MAINTAINED BY THE ORGANIZATION. THIS PROCESS IS USED TO DETERMINE AND APPROVE COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER AND OTHER OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION.
FORM 990, PART VI, SECTION C, LINE 19GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
FORM 990, PART IX, LINE 11GCONSULTING FEES: PROGRAM SERVICE EXPENSES 90,000. MANAGEMENT AND GENERAL EXPENSES 361,575. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 451,575. EXECUTIVE RECRUITING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 242,960. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 242,960. COMMUNICATIONS FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 57,664. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 57,664. PAYROLL & HR FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 51,910. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 51,910.
FORM 990, PART XII:AFTER THE CLOSE OF ITS INITIAL FISCAL YEAR ENDING DECEMBER 31, 2025, THE ORGANIZATION CHANGED ITS FISCAL YEAR END TO JUNE 30TH. AS A RESULT, THE ORGANIZATION'S FINANCIAL STATEMENTS WERE NOT AUDITED FOR THE YEAR ENDED DECEMBER 31, 2025. THE ORGANIZATION IS CURRENTLY UNDERGOING AN AUDIT OF ITS FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2026, WHICH INCLUDES FINANCIAL ACTIVITY FOR THE PERIOD BEGINNING AT INCEPTION THROUGH DECEMBER 31, 2025.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1NEXTLADDER VENTURES LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 300195AddressLine1Txt
CityUNIVERSITY CITYCityNm
State AbbreviationMOStateAbbreviationCd
ZIP63130ZIPCd
FieldValueIRS element (for citing)
EIN393959540EIN
Legal Domicile StateDELegalDomicileStateCd
Total Income$735TotalIncomeAmt
End Of Year Assets$928,788EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1NEXTLADDER VENTURES INCBusinessNameLine1Txt

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