New York · Nonprofit
NEXTCORPS INC
NEXTCORPS INC (New York) receives grants from 11 organizations whose IRS filings report $563,553 to it, the largest being THE RALPH C WILSON JR FOUNDATION ($225,000). 4 of them have funded it in more than one year.
- Revenue FY2025
- $13M
- Funders on record
- 11
- Grants received
- $564k
- Net assets
- $37M
What Nextcorps Inc does
Mission
Nextcorps is a non-profit helping innovative technology companies launch and grow.
As stated on its FY2025 Form 990.
Programs
This group of programs is accelerating our region's transformation into a top tech hub in america by connecting entrepreneurs and businesses with the support they need to grow, including experts, capital, customers, and vetted partners and suppliers. This includes operating an incubator to help founders develop innovative technologies; climate tech accelerator programs that help speed the commercialization of clean energy solutions; manufacturing accelerator programming to help scale hardware from prototype to mass production in new york state, and a no-code software bootcamp that teaches non technical people how to launch a software business, and related educational sessions that engaged more than 170 entrepreneurs and their emerging companies throughout the year.
$5,260,301 spentof which $816,667 as grants$515,743 earned by the program59% of program spendingThe mep center at nextcorps connects printer, food and beverage, or production-related companies located in rochester and the finger lakes region to local and national resources to help them improve their competitiveness and growth. More than 90 projects were completed over the last four quarters for clients, resulting in approximately $190 million in economic impact and 695 jobs created or retained (client reported data). Additionally, the center offered assistance to startup companies that are in the process of getting their products manufactured.
$1,875,498 spent$1,079,395 earned by the program21% of program spendingA global accelerator program, competition, and investment mechanism that improves the investment readiness and commercialization trajectory of startups that are developing deep tech enabled by optics, photonics, or imaging. Companies accepted into luminate are solving pressing problems in almost every industry, from augmented/virtual reality, autonomous vehicles and life sciences, to quantum computing, security, agtech, and much more. By grant design, the program surplus is applied as investment in promising participants.
$1,798,706 spentof which $10,000 as grants$115,981 earned by the program20% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $8,934,505.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2017 to 2018, from $15M to $31M (+103%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 39% · 2018 79% · 2019 67% · 2020 69% · 2021 63% · 2022 67% · 2023 73% · 2024 68% · 2025 77%. Grants only. Government contracts and fees sit inside program revenue.
86% of NEXTCORPS INC’s revenue is contributions — more donation-reliant than the typical peer (82% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Peter G Robinson
Director & chairman
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2022: the base held at 2 funders, grant income rose $42k → $86k.
Left out of every figure on this page: $285k from one payer (the payer shares this organization's board, largest Greater Rochester Enterprise Foundation Inc). These are real filings, and they are not money NEXTCORPS INC raised.
From the IRS filings of NEXTCORPS INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
NEXTCORPS INC leans on a few funders — its largest provides 40% of grant income and the top three 71%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
53% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund NEXTCORPS INC.
Largest funder’s share by year: 2017 76% · 2018 59% · 2020 100% · 2021 80% · 2022 62% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
40% of NEXTCORPS INC's funders are still giving 1 year after their first grant; 36% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2022, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
NEXTCORPS INC draws 54% of its grant income from funders outside New York, across 4 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
NEXTCORPS INC runs a healthier operating margin than three-quarters of the 25 social science nonprofits its size.
this organization peer median middle 50% of peers· 25 social science nonprofits $10M–$100M, FY2025
Government funding NEXTCORPS INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $5.3M on record.
- National Science Foundation$4.6M
- Department of Commerce$743k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like NEXTCORPS INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
89% of spending goes to programs.
Governance
Public support
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 57 related entities
- University of Rochester · exempt
- Excell Partners Inc · exempt
- Strong Partners Health System Inc · exempt
- Highland Hospital of Rochester Inc · exempt
- Highland Community Development Corp · exempt
Screen this organization
A dated, signed PDF of the compliance screen for NEXTCORPS INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds NEXTCORPS INC?
- NEXTCORPS INC (New York) receives grants from 11 organizations whose IRS filings report $563,553 to it, the largest being THE RALPH C WILSON JR FOUNDATION ($225,000). 4 of them have funded it in more than one year.
- How many funders does NEXTCORPS INC have?
- IRS filings report 11 organizations giving $563,553 in grants to NEXTCORPS INC, 4 of which have funded it in more than one year.
- Who is the largest funder of NEXTCORPS INC?
- THE RALPH C WILSON JR FOUNDATION is the largest funder on record, with $225,000 in grants. The full list of funders is on this page.
- How can an organization like NEXTCORPS INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 11 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing