Nextfifty Initiative
Only 44% goes to programs $0 to raise $100 Strong reserves Growing revenue
Nextfifty Initiative is a 501(c)(3) organization based in Denver, Colorado, registered in 2009, with $9,574,875 in FY2023 revenue. CharityIndex grades it C, and it directs about 44% of spending to programs.
2000 S Colorado Blvd Ste 5500 Tower, Denver, CO, 80222 EIN 26-2700185 Since 2009
Revenue (FY2023)
$9.6M
▲ 82.8% vs prior year
Health median: $840K
Expenses (FY2023)
$12.2M
Net assets
$242.5M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
DProgram efficiency40% of the rating44% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Nextfifty Initiative: 44% to programs · $0 to raise $100 earns a D on this criterion. See the exact thresholds →
DFinancial health25% of the rating238 mo reserves · -27% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Nextfifty Initiative: 238 mo reserves · -27% margin earns a D on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Nextfifty Initiative: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Nextfifty Initiative: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To promote independence and dignity for the aging population by encouraging and supporting innovative, affordable, and coordinated services and initiatives.
Contact & location
- Address
- 2000 S Colorado Blvd Ste 5500 Tower, Denver, CO, 80222
- City
- Denver
- State
- Colorado
- Category
- Health Care
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $426K (FY2013) to $9.6M (FY2023) across 9 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $1.8MNet assets $242.5M
Operating margin
-27.5%
Spent more than it raised in the latest fiscal year.
Total assets
$244.3M
Total liabilities
$1.8M
Net assets
$242.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $9,574,875▲82.8% | $12,204,798▲0.8% | $242,454,407▲10.2% | $244,297,749▲10.5% | 990PF |
| 2022 | $5,238,564▼73.2% | $12,113,595▼18.6% | $219,928,820▼16.5% | $221,103,182▼16.5% | 990PF |
| 2021 | $19,564,011▲223% | $14,875,237▲27.3% | $263,537,324▲10.6% | $264,860,664▲10.5% | 990PF |
| 2020 | $6,062,023▼40.2% | $11,680,612▲89.3% | $238,193,243▲6.5% | $239,636,779▲6.2% | 990PF |
| 2019 | $10,142,359▲575% | $6,170,576▲44.7% | $223,558,453▲7.0% | $225,570,432▲6.3% | 990PF |
| 2016 | $1,502,794▼99.3% | $4,265,815▲155% | $208,988,855▼1.9% | $212,107,232▼1.2% | 990PF |
| 2015 | $215,483,926▲65099% | $1,675,937▲46.8% | $213,042,706▲25900% | $214,673,082▲252157% | 990 |
| 2014 | $330,504▼22.4% | $1,141,938▲2.9% | -$825,737▼5673% | $85,101▼55.0% | 990 |
| 2013 | $426,159 | $1,109,405▼34.1% | -$14,303▼102% | $189,108▼83.3% | 990 |
| 2012 | — | $1,682,655▲18.4% | $668,943▼60.0% | $1,131,273▼51.3% | 990 |
| 2011 | — | $1,421,418▲8.9% | $1,672,106▼10.1% | $2,321,433▼7.4% | 990 |
| 2010 | — | $1,305,245▼12.2% | $1,860,761▲85.4% | $2,507,386▲23.1% | 990 |
| 2009 | — | $1,487,407 | $1,003,870 | $2,036,654 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Peter Kaldes — $146,892 (1.20% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Peter Kaldes | President & Ceo (as of 9/23) | 40 | $146,892 |
| Eric Kuhn | Secretary | 4 | — |
| Joie Glenn | Chair | 1 | — |
| Ken Taylor | Treasurer | 1 | — |
| Kristine Burrows | Trustee | 1 | — |
| Marco Chayet | Trustee | 1 | — |
| Maureen Hanrahan | Vice Chair | 1 | — |
| Sekhar Paladugu | Trustee | 1 | — |
| Vatsala Kapur | Trustee | 1 | — |
Grants received · $117K total
3 grants to Nextfifty Initiative totaling $117K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Denver Foundation | Restricted to support the johnson adult day center | 2016 | $50,000 |
| Denver Foundation | Restricted to support the johnson adult day center | 2015 | $50,000 |
| Colorado Gives Foundation | General purpose | 2014 | $17,212 |
Grants made · $467K in FY2015
4 grants totaling $467K in FY2015. All grants made by Nextfifty Initiative →
| Recipient | Purpose | Amount |
|---|---|---|
| Innovage Greater Colorado Pace | Operation support | $192,523 |
| Innovage Johnson Adult Day Program Inc | Operation support | $109,137 |
| Innovage Home Care | Operation support | $82,833 |
| Foundation For the Carolinas | Operation support | $82,665 |
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Frequently asked questions
- Is Nextfifty Initiative a legitimate nonprofit?
- Yes. Nextfifty Initiative is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-2700185, based in Denver, Colorado. Donations are tax-deductible.
- What is Nextfifty Initiative's EIN?
- Nextfifty Initiative's Employer Identification Number (EIN) is 26-2700185.
- How much revenue does Nextfifty Initiative report?
- Nextfifty Initiative reported $9,574,875 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Nextfifty Initiative's spending goes to programs?
- Nextfifty Initiative spends about 44% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Nextfifty Initiative have?
- CharityIndex grades Nextfifty Initiative C, based on program efficiency and fundraising cost.
- How much does Nextfifty Initiative's highest-paid employee make?
- The highest reported compensation on Nextfifty Initiative's latest Form 990 is $146,892, paid to Peter Kaldes (President & Ceo (as of 9/23)).
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Data for Nextfifty Initiative (EIN 26-2700185) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.