Minnesota · Nonprofit
NEXTSTAGE
NEXTSTAGE (Minnesota) receives grants from 1 organization whose IRS filings report $300,000 to it, the largest being The McKnight Foundation ($300,000). 1 of them have funded it in more than one year.
- Revenue FY2024
- $926k
- Funders on record
- 1
- Grants received
- $300k
- Net assets
- $2.6M
What Nextstage does
Mission
To provide education and training to individuals interested in pursuing entrepreneurship; to assist entrepreneurs in the planning, development and start-up of a business venture; and to support and assist small business owners with growth, and operational improvement.
As stated on its FY2024 Form 990.
Program
The Nextstage for entrepreneurs program offers technical and financial assistance to entrepreneurs - particularly non-traditional and disadvantaged entrepreneurs - during the pre-start planning, start-up, and growth phases. We believe that entrepreneurship presents unique opportunities for individuals to find personal satisfaction in their work, build wealth and equity, and to improve the collective economic outlook of their communities. However, that opportunity isn't equal. Certain individuals - including persons of color and lower income individuals - face consistent barriers to accessing traditional capital markets. Nextstage seeks to address this disparity by providing access to capital at rates and terms that are competitive in the marketplace through an underwriting process that strongly weights an entrepreneur's creativity, commitment, and growth, with reduced dependence on traditional credit standards of collateral, equity contribution and credit score. In 2023, Nextstage provided $2,220,550. Of direct financing to 34 new and growing small business borrowers- leveraging nearly $23.3 million of other financing, investment, and equity, and creating at least 142 new jobs.…
$705,010 spent$698,528 earned by the program100% of program spending
The program described on its FY2023 Form 990. Program spending in total: $705,010.
The organization over time
Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 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 2022 to 2023, from $3.1M to $5.5M (+80%).
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: 2021 79% · 2022 89%. Grants only. Government contracts and fees sit inside program revenue.
1% of NEXTSTAGE’s revenue is contributions — more earned-revenue than three-quarters of its peers (62% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 5 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.
Chief executive
Lee Hall
CEO
Board chair
Derrek Beevas
Board chair
As listed on its FY2024 Form 990.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
From the IRS filings of NEXTSTAGE’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.
Where its funders are
100% of NEXTSTAGE's grant income comes from Minnesota funders.
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
NEXTSTAGE holds deeper cash reserves than three-quarters of the 11,971 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 11,971 community improvement nonprofits $100k–$1M, FY2024
Organizations like NEXTSTAGE
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 Minnesota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
87% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for NEXTSTAGE: 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 NEXTSTAGE?
- NEXTSTAGE (Minnesota) receives grants from 1 organization whose IRS filings report $300,000 to it, the largest being The McKnight Foundation ($300,000). 1 of them have funded it in more than one year.
- How many funders does NEXTSTAGE have?
- IRS filings report 1 organization giving $300,000 in grants to NEXTSTAGE, 1 of which have funded it in more than one year.
- Who is the largest funder of NEXTSTAGE?
- The McKnight Foundation is the largest funder on record, with $300,000 in grants. The full list of funders is on this page.
- How can an organization like NEXTSTAGE find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. 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 FY2024 (financials across 2020–2024), and the filings of 1 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