Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
NEXT GEN PERSONAL FINANCE
 
Number and street (or P.O. box number if mail is not delivered to street address)510 WAVERLEY ST
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PALO ALTO, CA94301
A Employer identification number

82-3648278
B Telephone number (see instructions)

(650) 218-8408
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$1,196,336J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 16,080,266
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 167,187 167,187 167,187
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment -314,818
b Gross sales price for all assets on line 6a 16,883,692
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment -5,126 -5,126 -5,126
12 Total. Add lines 1 through 11........ 15,927,509 162,061 162,061
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 1,729,812     1,453,042
15 Pension plans, employee benefits....... 257,099     215,963
16a Legal fees (attach schedule)......... Click to see attachment 74,570      
b Accounting fees (attach schedule)....... Click to see attachment 1,903      
c Other professional fees (attach schedule).... Click to see attachment 187,058     173,270
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 25,208      
19 Depreciation (attach schedule) and depletion... Click to see attachment 4,961    
20 Occupancy.............. 186,506      
21 Travel, conferences, and meetings....... 122,175     122,175
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 2,057,919 16,975   1,914,878
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,647,211 16,975   3,879,328
25 Contributions, gifts, grants paid....... 801,828 801,828
26 Total expenses and disbursements. Add lines 24 and 25 5,449,039 16,975   4,681,156
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 10,478,470
b Net investment income (if negative, enter -0-) 145,086
c Adjusted net income (if negative, enter -0-)... 162,061
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 1,096,336 758,436 1,096,336
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   67,243    
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet100,000
Less: allowance for doubtful accounts bullet   100,000 Click to see attachment100,000 100,000
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........   117,816  
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,578,173 Click to see attachment1,668,865  
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 17,103,059 Click to see attachment27,696,576  
14 Land, buildings, and equipment: basis bullet30,919
Less: accumulated depreciation (attach schedule) bullet9,724 26,156 Click to see attachment21,195  
15 Other assets (describe bullet) Click to see attachment30,000 Click to see attachment30,000  
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 20,000,967 30,392,888 1,196,336
Liabilities 17 Accounts payable and accrued expenses.......... 52,761 126,441
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment35,928 Click to see attachment32,820
23 Total liabilities (add lines 17 through 22)......... 88,689 159,261
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 19,912,278 30,233,627
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 19,912,278 30,233,627
30 Total liabilities and net assets/fund balances (see instructions). 20,000,967 30,392,888
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
19,912,278
2
Enter amount from Part I, line 27a .....................
2
10,478,470
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
30,390,748
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
157,121
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
30,233,627
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 2,017
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 2,017
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,017
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 11,000
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 16,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 16
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 13,967
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet13,967 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.NGPF.ORG
    14
    The books are in care ofbulletTIMOTHY RANZETTA Telephone no.bullet (650) 218-8408

    Located atbulletPO BOX 128PALO ALTOCA ZIP+4bullet94302
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    TIMOTHY RANZETTA PRESIDENT
    60.00     		0 0 0
    510 WAVERLEY STREET
    PALO ALTO,CA94301
    DAVID WEILL TREASURER
    0.25     		0 0 0
    510 WAVERLY STREET
    PALO ALTO,CA94301
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    JESSICA ENDLICH CO-FOUNDER
    40.00     		235,950 11,798  
    510 WAVERLY STREET
    PALO ALTO,CA94301
    YANELY ESPINAL OUTREACH
    40.00     		152,258 7,396  
    510 WAVERLY STREET
    PALO ALTO,CA94301
    CHRISTIAN SHERRILL BUSINESS
    40.00     		124,967 6,068  
    510 WAVERLY STREET
    PALO ALTO,CA94301
    LAURA MATCHETT TEACHING
    40.00     		124,627 5,315  
    510 WAVERLY STREET
    PALO ALTO,CA94301
    RITA FUNG MANAGER
    40.00     		112,032 5,422  
    510 WAVERLY STREET
    PALO ALTO,CA94301
    Total number of other employees paid over $50,000...................bullet 14
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    MCKINNEY GAME DEVELOPMNT 400,000
    4335 WEST ADAMS BOULEVARD
    SUITE 200
    LOS ANGELES,CA90018
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    24,123,337
    b
    Average of monthly cash balances.......................
    1b
    533,633
    c
    Fair market value of all other assets (see instructions)................
    1c
    169,010
    d
    Total (add lines 1a, b, and c).........................
    1d
    24,825,980
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    24,825,980
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    372,390
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    24,453,590
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,222,680
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,222,680
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    2,017
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,017
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,220,663
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,220,663
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,220,663
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    4,681,156
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    4,681,156
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,681,156
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 1,220,663
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019...... 2,691,012
    fTotal of lines 3a through e........ 2,691,012
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 4,681,156
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 1,220,663
    e Remaining amount distributed out of corpus 3,460,493
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 6,151,505
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		6,151,505
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019.... 2,691,012
    e Excess from 2020.... 3,460,493
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    DIANA MONDORO
    2 WYCKOFF WAY
    HILLSBOROUGH,NJ08844     		    PROGRAM SUPPORT 519
    ALDEN-HEBRON HIGH SCHOOL
    9604 ILLINOIS ST
    HEBRON,IL60034     		    PROGRAM SUPPORT 10,000
    BARABOO HIGH SCHOOL
    1201 DRAPER ST BARABOO
    BARABOO,WI53913     		    PROGRAM SUPPORT 10,000
    BAYFIELD HIGH SCHOOL
    300 N 4TH ST
    BAYFIELD,WI54814     		    PROGRAM SUPPORT 10,000
    BRYAN HIGH SCHOOL
    1350 FOUNTAIN GROVE DRIVE
    BRYAN,OH43506     		    PROGRAM SUPPORT 10,000
    CATASAUQUA AREA SCHOOL DISTRICT
    201 N 14TH ST
    CATASAUQUA,PA18032     		    PROGRAM SUPPORT 10,000
    CENTREVILLE PUBLIC SCHOOLS
    190 HOGAN ST
    CENTREVILLE,MI49032     		    PROGRAM SUPPORT 10,000
    CHURCHILL COUNTY SCHOOL DISTRICT
    1 GREENWAVE CIRCLE
    FALLON,NV89406     		    PROGRAM SUPPORT 10,000
    CORNELL SCHOOL DISTRICT
    111 S 4TH ST
    CORNELL,WI54732     		    PROGRAM SUPPORT 10,000
    DODGEVILLE SCHOOL DISTRICT
    912 W CHAPEL ST
    DODGEVILLE,WI53533     		    PROGRAM SUPPORT 10,000
    EASTMONT SCHOOL DISTRICT
    800 EASTMONT AVENUE
    EAST WENATCHEE,WA98802     		    PROGRAM SUPPORT 10,000
    ELLICOTTVILLE CENTRAL SCHOOL DISTRI
    5873 ROUTE 219
    ELLICOTTVILLE,NY14731     		    PROGRAM SUPPORT 10,000
    ESCUELA VERDE
    3628 W PIERCE ST
    MILWAUKEE,WI53215     		    PROGRAM SUPPORT 10,000
    GLASGOW SCHOOL DISTRICT 1A
    PO BOX 28
    GLASGOW,MT59230     		    PROGRAM SUPPORT 10,000
    GREENSBURG SALEM SCHOOL DISTRICT
    1 ACADEMY HILL PLACE
    GREENSBURG,PA15601     		    PROGRAM SUPPORT 10,000
    HATTON EIELSON PUBLIC SCHOOL
    503 4TH STREET
    HATTON,ND58240     		    PROGRAM SUPPORT 10,000
    HORTON HIGH SCHOOL
    1120 1ST AVE EAST
    HORTON,KS66439     		    PROGRAM SUPPORT 10,000
    INDEPENDENCE SCHOOL DISTRICT
    23786 INDEE BLVD
    INDEPENDENCE,WI54747     		    PROGRAM SUPPORT 10,000
    IOWA CITY COMMUNITY SCHOOL DISTRICT
    1725 NORTH DODGE ST
    IOWA CITY,IA52245     		    PROGRAM SUPPORT 30,000
    LENAPE VALLEY HIGH SCHOOL
    28 SPARTA ROADATTN BUSIN
    STANHOPE,NJ07874     		    PROGRAM SUPPORT 10,000
    LIDGERWOOD PUBLIC SCHOOL
    28 3RD AVE SE
    LIDGERWOOD,ND58053     		    PROGRAM SUPPORT 10,000
    LINCOLN JRSR HIGH SCHOOL
    124 S SCHOOL STREET
    ALMA CENTER,WI54611     		    PROGRAM SUPPORT 10,000
    LOUP CITY PUBLIC SCHOOLS
    PO BOX 265
    LOUP CITY,NE68853     		    PROGRAM SUPPORT 10,000
    MONTEZUMA HIGH SCHOOL
    504 N 4TH ST
    MONTEZUMA,IA50171     		    PROGRAM SUPPORT 10,000
    MOUNT HOREB HIGH SCHOOL
    1304 EAST LINCOLN STREET
    MOUNT HOREB,WI53572     		    PROGRAM SUPPORT 10,000
    MOUNT SAINT MARY ACADEMY
    1645 US HIGHWAY 22 AT TER
    WATCHUNG,NJ07069     		    PROGRAM SUPPORT 10,000
    MT VERNON HIGH SCHOOL
    1000 W 4TH ST
    MT VERNON,IN47620     		    PROGRAM SUPPORT 10,000
    NEW OXFORD HIGH SCHOOL-BUSINESS DEP
    130 BERLIN ROAD
    NEW OXFORD,PA17350     		    PROGRAM SUPPORT 10,000
    OCONTO HIGH SCHOOL
    1717 SUPERIOR AVE
    OCONTO,WI54153     		    PROGRAM SUPPORT 10,000
    OSSEO-FAIRCHILD HIGH SCHOOL
    50851 EAST STREET
    OSSEO,WI54758     		    PROGRAM SUPPORT 10,000
    PENNSYLVANIA DISTANCE LEARNING CHAR
    2605 NICHOLSON RD
    SEWICKLEY,PA15143     		    PROGRAM SUPPORT 10,000
    PINGREE-BUCHANAN HIGH SCHOOL
    111 LINCOLN AVE
    PINGREE,ND58476     		    PROGRAM SUPPORT 10,000
    PRESCOTT SCHOOL DISTRICT
    1220 ST CROIX STREET
    PRESCOTT,WI54021     		    PROGRAM SUPPORT 10,000
    PRINCE GEORGE'S COUNTY PUBLIC SCHOO
    14201 SCHOOL LANE
    UPPER MARLBORO,MD20772     		    PROGRAM SUPPORT 30,000
    REEDSVILLE HIGH SCHOOL
    340 MANITOWOC ST
    REEDSVILLE,WI54230     		    PROGRAM SUPPORT 10,000
    RONCALLI HIGH SCHOOL
    2000 MIRRO DRIVE
    MANITOWOC,WI54220     		    PROGRAM SUPPORT 10,000
    ROSHOLT SCHOOL DISTRICT
    346 W RANDOLPH STREET P
    ROSHOLT,WI544730310     		    PROGRAM SUPPORT 10,000
    ROXBORO COMMUNITY SCHOOL
    115 LAKE DR
    ROXBORO,NC27573     		    PROGRAM SUPPORT 10,000
    RTR PUBLIC SCHOOLS
    100 STRONG ST
    TYLER,MN56178     		    PROGRAM SUPPORT 10,000
    SAM RAYBURN INDEPENDENT SCHOOL DIST
    9363 E FM 273
    IVANHOE,TX75447     		    PROGRAM SUPPORT 10,000
    SCHOOL DISTRICT OF RHINELANDER
    665 COOLIDGE AVE SUITE B
    RHINELANDER,WI54501     		    PROGRAM SUPPORT 10,000
    SETON CATHOLIC HIGH SCHOOL
    206 NEW YORK ROAD
    PLATTSBURG,NY12903     		    PROGRAM SUPPORT 10,000
    SOMERS PUBLIC SCHOOL
    1 VISION BOULEVARDATTN D
    SOMERS,CT06071     		    PROGRAM SUPPORT 10,000
    SPRINGFIELD SCHOOL DISTRICT
    389 TIPTON
    SPRINGFIELD,CO81073     		    PROGRAM SUPPORT 10,000
    ST VINCENT ST MARY HIGH SCHOOL
    15 NORTH MAPLE STREET
    AKRON,OH44303     		    PROGRAM SUPPORT 10,000
    WAYNE COUNTY SCHOOLS
    212 NORTH COURT ST
    WAYNE,WV25570     		    PROGRAM SUPPORT 30,000
    WEST CENTRAL SCHOOL DISTRICT
    705 E 2ND ST
    HARTFORD,SD57003     		    PROGRAM SUPPORT 10,000
    WHITMAN-HANSON REGIONAL HIGH SCHOOL
    600 FRANKLIN ST
    WHITMAN,MA02382     		    PROGRAM SUPPORT 10,000
    WILLOW RIVER SECONDARY SCHOOL
    8142 PINE STATTN MELISSA
    WILLOW RIVER,MN55795     		    PROGRAM SUPPORT 10,000
    EVERETT HIGH SCHOOL
    3900 STABLER ST
    LANSING,MI48910     		    PROGRAM SUPPORT 960
    FLORIDA ATLANTIC UNIVERSITY
    PO BOX 198660
    ATLANTA,GA30384     		    PROGRAM SUPPORT 19,950
    LONG ISLAND BUSINESS TEACHERS ASSOC
    C/O GINA FARRELLPLAINVIEW
    PLAINVIEW,NY11803     		    PROGRAM SUPPORT 500
    MISSISSIPPI CEE
    1701 NORTH STATE STREET
    JACKSON,MS39210     		    PROGRAM SUPPORT 2,000
    TIGARD HIGH SCHOOL
    ATTNSUE SUTTICH9000 SW D
    TIGARD,OR97224     		    PROGRAM SUPPORT 500
    MONTANA STATE UNIVERSITY
    MONIQUE HILL OFFICE OF S
    BOZEMAN,MT59717     		    PROGRAM SUPPORT 10,000
    MONTANA STATE UNIVERSITY
    MONIQUE HILL OFFICE OF S
    BOZEMAN,MT59717     		    PROGRAM SUPPORT 15,640
    COUNCIL FOR ECONOMIC EDUCATION
    ATTN SALLY WOOD122 EAST
    NEW YORK,NY10168     		    PROGRAM SUPPORT 22,160
    NATIONAL FINANCIAL EDUCATORS
    15920 HICKMAN ROADSTE 400
    CLIVE,IA50325     		    PROGRAM SUPPORT 3,000
    LONG ISLAND BUSINESS TEACHERS ASSOC
    C/O GINA FARRELL105 LIBER
    NORTH BELLMORE,NY11710     		    PROGRAM SUPPORT 500
    TEXAS BANKERS ASSOCIATION
    ATTN MARY LANGE203 WEST
    AUSTIN,TX78701     		    PROGRAM SUPPORT 500
    PROJECT WAYFINDER LLC
    PO BOX 2876
    BERKELEY,CA94702     		    PROGRAM SUPPORT 4,790
    WVU FOUNDATION INC
    ONCE WATERFRONT PLACE 7T
    MORGANTOWN,WV26507     		    PROGRAM SUPPORT 8,500
    NORTH CAROLINA CEE
    8380 SIX FORKS ROAD SUIT
    RALEIGH,NC27615     		    PROGRAM SUPPORT 27,200
    NORTH CAROLINA CEE
    8380 SIX FORKS ROADSUITE
    RALEIGH,NC27615     		    PROGRAM SUPPORT 40,000
    NORTH CAROLINA CEE
    8380 SIX FORKS ROAD SUIT
    RALEIGH,NC27615     		    PROGRAM SUPPORT 40,000
    MONTANA STATE UNIVERSITY
    MONIQUE HILL OFFICE OF S
    BOZEMAN,MT59717     		    PROGRAM SUPPORT 15,640
    MONTANA STATE UNIVERSITY
    MONIQUE HILL OFFICE OF S
    BOZEMAN,MT59717     		    PROGRAM SUPPORT 15,640
    VIRGINIA JUMPSTART COALITION
    CHERRY DALE11257 HANOVER
    HANOVER,VA23069     		    PROGRAM SUPPORT 1,000
    ECONOMICSWISCONSIN
    7635 WEST BLUEMOUND RD S
    MILWAUKEE,WI53213     		    PROGRAM SUPPORT 1,500
    RELAY GRADUATE SCHOOL OF EDUCATION
    ATTN FINANCE DEPARTMENT2
    NEW YORK,NY10004     		    PROGRAM SUPPORT 2,500
    NYS EDUCATION DEPARTMENT
    OFFICE TEACHING INITIATIV
    ALBANY,NY12234     		    PROGRAM SUPPORT 600
    UNIVERSITY OF SOUTHERN MAINE PD
    PO BOX 9300ABROMSON CENTE
    PORTLAND,ME04104     		    PROGRAM SUPPORT 225
    ALLEGHENY INTERMEDIATE UNIT
    ATTN ACCOUNTS RECEIVABLE
    HOMESTEAD,PA15120     		    PROGRAM SUPPORT 105
    UNIVERSITY OF SOUTHERN MAINE PD
    ABROMSON CENTER PO BOX 9
    PORTLAND,ME04104     		    PROGRAM SUPPORT 225
    UNIVERSITY OF SOUTHERN MAINE PD
    ABROMSON CENTER PO BOX 9
    PORTLAND,ME04104     		    PROGRAM SUPPORT 150
    UNIVERSITY OF SOUTHERN MAINE PD
    ABROMSON CENTER PO BOX 9
    PORTLAND,ME04104     		    PROGRAM SUPPORT 150
    ALLEGHENY INTERMEDIATE UNIT
    ATTN ACCOUNTS RECEIVABLE
    HOMESTEAD,PA15120     		    PROGRAM SUPPORT 120
    ALLEGHENY INTERMEDIATEUNIT
    ATTN ACCOUNTS RECEIVABLE
    HOMESTEAD,PA15120     		    PROGRAM SUPPORT 160
    ALLEGHENY INTERMEDIATE UNIT
    ATTN ACCOUNTS RECEIVABLE
    HOMESTEAD,PA15120     		    PROGRAM SUPPORT 85
    ALLEGHENY INTERMEDIATE UNIT
    ATTN ACCOUNTS RECEIVABLE
    HOMESTEAD,PA15120     		    PROGRAM SUPPORT 125
    ANDY GOLD
    1002 S HARBOUR ISLAND BL
    TAMPA,FL33602     		    PROGRAM SUPPORT 1,000
    CARIN ZINTER
    457 MONTAGUE ROAD
    SUNDERLAND,MA01375     		    PROGRAM SUPPORT 1,000
    ELIZABETH JUSTEMA
    61070 MINARET CIRCLE
    BEND,OR97702     		    PROGRAM SUPPORT 1,000
    JASON-LAMONT JACKSON SR
    34 SUNNYSIDE RD
    WEST ORANGE,NJ07052     		    PROGRAM SUPPORT 1,000
    KARL REMSEN
    312 E 4TH ST
    LEADVILLE,CO80461     		    PROGRAM SUPPORT 1,000
    LANA MAIN
    5403 W 61ST STREET
    SIOUX FALLS,SD57106     		    PROGRAM SUPPORT 1,000
    LAURA SCHOENIKE
    W1917 WASHINGTON RD
    OCONOMOWOC,WI53066     		    PROGRAM SUPPORT 1,000
    RENEE HOCHANADEL
    24505 W 80TH TERRACE
    LENEXA,KS66227     		    PROGRAM SUPPORT 1,000
    RENEE NELSON
    10 BROOKSIDE LANE
    OSSINING,NY10562     		    PROGRAM SUPPORT 1,000
    RENEE NELSON
    10 BROOKSIDE LANE
    OSSINING,NY10562     		    PROGRAM SUPPORT 1,000
    STEPHANIE MILLS
    711 YELLOWWOOD CT
    BOWLING GREEN,KY42104     		    PROGRAM SUPPORT 1,000
    TARA KELLEY
    PO BOX 3842
    STOWE,VT05672     		    PROGRAM SUPPORT 1,000
    VINCENT BRANCH
    13839 ROSEMERE LANE
    HOUSTON,TX77047     		    PROGRAM SUPPORT 1,000
    CARLMONT HIGH SCHOOL
    ATTN JOHN ROWE1400 ALAME
    BELMONT,CA94002     		    PROGRAM SUPPORT 1,000
          12,884
    Total .................................bullet 3a 801,828
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....         167,187
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		  12,753     -327,571
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aSONEN GLOBAL EIN 46-516085     		        -5,126
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 12,753   -165,510
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    -152,757
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    NEXT GEN PERSONAL FINANCE
     
    Employer identification number

    82-3648278
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    NEXT GEN PERSONAL FINANCE
          		Employer identification number
    82-3648278
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    TIMOTHY RANZETTA
    532 EMERSON STREET
     
    PALO ALTO, CA94301

    		$ 16,080,266


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    NEXT GEN PERSONAL FINANCE
          		Employer identification number

    82-3648278
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 PUBLICLY TRADED SECURITIES $ 632,579 2020-02-14
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 PUBLICLY TRADED SECURITIES $ 2,023,188 2020-12-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 PUBLICLY TRADED SECURITIES $ 885,569 2020-04-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 PUBLICLY TRADED SECURITIES $ 1,503,350 2020-12-03
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 PUBLICLY TRADED SECURITIES $ 273,844 2020-05-08
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 PUBLICLY TRADED SECURITIES $ 214,000 2020-12-04
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Name of organization
    NEXT GEN PERSONAL FINANCE
          		Employer identification number

    82-3648278
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 PUBLICLY TRADED SECURITIES $ 793,182 2020-06-17
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 PUBLICLY TRADED SECURITIES $ 439,443 2020-12-22
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 PUBLICLY TRADED SECURITIES $ 520,683 2020-07-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 MONEY MARKET $ 5,713,500 2020-12-24
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 PUBLICLY TRADED SECURITIES $ 980,750 2020-07-22
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 PUBLICLY TRADED SECURITIES $ 100,178 2020-12-29
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    NEXT GEN PERSONAL FINANCE
          		Employer identification number

    82-3648278
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    NEXT GEN PERSONAL FINANCE
    EIN:
    82-3648278
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 1,903      

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 DepreciationSchedule
    Name:
    NEXT GEN PERSONAL FINANCE
    EIN:
    82-3648278
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    C&E - COMPUTER & EQUIPMENT 2019-01-01 5,849 1,170 S/L 5.0000 1,169      
    DINNING ROOM TABLES 2019-01-01 1,037 207 S/L 5.0000 208      
    OFFICE FURNITURE 2019-01-01 2,973 595 S/L 5.0000 594      
    10 STANDING DESKS 2019-01-01 4,253 851 S/L 5.0000 850      
    ADVANTAGE FLOORING 2019-01-01 4,694 469 S/L 10.0000 470      
    PAINTING & ELECTRIC 2019-01-01 4,147 415 S/L 10.0000 414      
    HOT WATER DISPENSER 2019-01-01 435 145 S/L 3.0000 145      
    FLOORING FOR OFFICE 2019-01-01 3,958 396 S/L 10.0000 396      
    NEW LAPTOP 2019-04-10 2,299 345 S/L 5.0000 460      
    DESKTOP COMPUTER 2019-05-14 1,274 170 S/L 5.0000 255      

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    NEXT GEN PERSONAL FINANCE
    EIN:
    82-3648278
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    VANGUARD FTSE ALL WORLD   PURCHASE     45,863 54,774     -8,911  
    VANGUARD FTSE ALL WORLD   PURCHASE     1,438,740 1,696,062     -257,322  
    VANGUARD GROWTH ETF   PURCHASE     27,430 27,666     -236  
    VANGUARD GROWTH ETF   PURCHASE     2,715,872 2,530,223     185,649  
    VANGUARD VALUE ETF   PURCHASE     111,577 126,753     -15,176  
    VANGUARD VALUE ETF   PURCHASE     3,934,836 4,598,495     -663,659  
    CROWDSTRIKE HOLDINGS INC   DONATION     3,905,839 3,905,839        
    CROWDSTRIKE HOLDINGS INC   DONATION     62,085 62,085        
    DROPBOX   DONATION     83,283 83,283        
    FORESCOUT TECHNOLOGIES   DONATION     271,330 271,330        
    PAGERDUTY   DONATION     52,532 52,532        
    TENABLE HOLDINGS INC   DONATION     59,038 59,038        
    SLACK TECHNOLOGIES   DONATION     2,918,390 2,897,828     20,562  
    SLACK TECHNOLOGIES   DONATION     620,884 620,884        
    MYSTERY SCIENCE   PURCHASE     623,240 211,718     411,522  
    SHORT-TERM GAIN/LOSS FROM PASS-THROUGH ENTITY         6,792       6,792  
    LONG-TERM GAIN/LOSS FROM PASS-THROUGH ENTITY         5,961       5,961  

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    NEXT GEN PERSONAL FINANCE
    EIN:
    82-3648278
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ADOBE INC 175,542  
    AMAZON.COM INC 524,366  
    BLOOMBOARD INC SER A-2 PFD 11,000  
    EMICS INC SERIES A PFD STOCK 180,000  
    FORUS INC PREFERRED STOCK 60,646  
    MODERN GUILD PFD STOKC 25,000  
    MYSTERY SCIENCE INC PFD STOCK    
    OPMOSYS INC PFD 5,000  
    SWING EDU SERIES B 45,166  
    SWING EDUCATION, INC 154,843  
    TEACHFX, INC. PREFERRED STOCK 60,013  
    FIVERR COMPANY 98,721  
    SLACK TECHNOLOGY INC 211,200  
    SPOTIFY 117,368  

    TY 2020 InvestmentsOtherSchedule2
    Name:
    NEXT GEN PERSONAL FINANCE
    EIN:
    82-3648278
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    VANGUARD CASH (UNSETTLED ACTIVITY) FMV    
    VANGUARD FEDERAL MONEY MARKET FUND FMV 3,001,653  
    VANGUARD ADMIRAL   5,713,525  
    VANGUARD FTSE ALL WORLD US ETF VEU FMV    
    VANGUARD FTSE ALL WLD EX-US IDX VSS FMV    
    VANGUARD FTSE EMERGING MARKETS VWO FMV    
    VANGUARD GROWTH ETF VUG FMV    
    VANGUARD SMALL CAP GROWTH ETF VBK FMV 939,890  
    VANGUARD SMALL CAP VALUE ETF VBR FMV 2,844,065  
    VANGUARD TOTAL STOCK MARKET ETF VTI FMV 10,694,808  
    VANGUARD VALUE ETF VTV FMV    
    VANGUARD TOTAL INTL STOCK INDEX VXUS FMV 4,084,271  
    PARTNERSHIP - REACH II LP FMV 126,011  
    PARTNERSHIP - REACH LP FMV 153,584  
    PARTNERSHIP - SONEN GLOBAL SUST. FMV 138,769  

    TY 2020 LandEtcSchedule2
    Name:
    NEXT GEN PERSONAL FINANCE
    EIN:
    82-3648278
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
      30,919 9,724 21,195  


    TY 2020 LegalFeesSchedule
    Name:
    NEXT GEN PERSONAL FINANCE
    EIN:
    82-3648278
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT LEGAL FEES 74,570      


    TY 2020 OtherAssetsSchedule
    Name:
    NEXT GEN PERSONAL FINANCE
    EIN:
    82-3648278
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SECURITY DEPOSITS 30,000 30,000  


    TY 2020 OtherDecreasesSchedule
    Name:
    NEXT GEN PERSONAL FINANCE
    EIN:
    82-3648278
    Description Amount
    CY UNREALIZED GAINS FROM 46-5160855 23,076
    CY UNREALIZED GAINS FROM 82-3002082 18,808
    CY UNREALIZED GAINS FROM 47-3338916 67,255
    CY UNREALIZED GAINS FROM SECURITIES 47,982


    TY 2020 OtherExpensesSchedule
    Name:
    NEXT GEN PERSONAL FINANCE
    EIN:
    82-3648278
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    K-1: REACH LP: PORTFOLIO DEDU 5,904 5,904    
    K-1: REACH II: PORTFOLIO DEDU 6,738 6,738    
    K-1: SONEN GLOBAL: OTHER DEDU 4,333 4,333    
    PROGRAM EVENT FOOD 99,655     99,655
    PROGRAM EVENT REIMBURSEMENTS 68,803     68,803
    PROGRAM EVENT MATERIALS 318,308     318,308
    PROGRAM EVENT CONTEST 876,313     876,313
    PROGRAM EVENT MEALS 3,024     3,024
    PROGRAM EVENT RENTAL 7,514     7,514
    PROGRAM EVENT OTHER 23,856     23,856
    GAME DEVELOPMENT 400,000     400,000
    DOCUMENTARY PRODUCTION 25,665     25,665
    MARKETING 85,518     85,518
    OFFICE EXPENSE 114,871      
    INSURANCE 15,612      
    MEALS & ENTERTAINMENT 532     532
    OTHER GIFTS 1,273     5,690


    TY 2020 OtherIncomeSchedule2
    Name:
    NEXT GEN PERSONAL FINANCE
    EIN:
    82-3648278
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SONEN GLOBAL EIN 46-5160855 -5,126 -5,126 -5,126


    TY 2020 OtherLiabilitiesSchedule
    Name:
    NEXT GEN PERSONAL FINANCE
    EIN:
    82-3648278
    Description Beginning of Year - Book Value End of Year - Book Value
    CREDIT CARDS 35,928 32,820


    TY 2020 OtherNotesLoansRcvblShortSch2
    Name:
    NEXT GEN PERSONAL FINANCE
    EIN:
    82-3648278
    Name of 501(c)(3) Organization Balance Due
    CONVERTIBLE NR - TUVA
          		50,000
    CONVERTIBLE NR - YENKO
          		50,000
    CONVERTIBLE NR - CIQ LABS INC
          		 


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    NEXT GEN PERSONAL FINANCE
    EIN:
    82-3648278
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXTERNAL CONTRACTORS 85,270     85,270
    ADVOCACY (50 STATES) 88,000     88,000
    WEB DEVELOPMENT 13,788      


    TY 2020 TaxesSchedule
    Name:
    NEXT GEN PERSONAL FINANCE
    EIN:
    82-3648278
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT TAXES/LICENSES 25,208