Next City Inc
- Assets
- $785.4k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 12
- Location
- Philadelphia, PA
- Founding
- 11/2004
- Data as of
- 12/2023
- EIN
- 22-3886361
Organization Overview
Next City Inc is located in Philadelphia, PA. The organization was established in 2004. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Next City Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Next City Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Next City Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 1.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE SOCIAL, ECONOMIC AND ENVIRONMENTAL CHANGE IN CITIES THROUGH JOURNALISM AND EVENTS AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEXT CITY, INC. IS A NON-PROFIT ORGANIZATION WITH A MISSION TO INSPIRE SOCIAL, ECONOMIC AND ENVIRONMENTAL CHANGE IN CITIES THROUGH JOURNALISM AND EVENTS AROUND THE WORLD. THE VISION OF THE ORGANIZATION IS FOR A WORLD IN WHICH CITIES ARE NOT IN CRISIS AND ARE, INSTEAD, LEADING THE WAY TOWARDS A MORE SUSTAINABLE, EQUITABLE FUTURE. THE ORGANIZATION PROVIDES DAILY ONLINE COVERAGE OF THE LEADERS, POLICIES AND INNOVATIONS DRIVING PROGRESS IN METROPOLITAN REGIONS ACROSS THE WORLD. IN AN AGE WHEN ORIGINAL, ON-THE-GROUND REPORTING IS INCREASINGLY RARE, WE SEND OUR WRITERS INTO URBAN COMMUNITIES AROUND THE WORLD TO PRODUCE OUR AWARD-WINNING LONG-FORM CONTENT. IN ADDITION TO OUR ONLINE JOURNALISM, WE PRODUCE EVENTS INCLUDING AN ANNUAL URBAN LEADERSHIP CONFERENCE, VANGUARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucas Grindley Executive Director | Officer | 40 | $123,216 |
Eric Shaw Chair | OfficerTrustee | 2 | $0 |
Tamar Shapiro Secretary | OfficerTrustee | 2 | $0 |
Casius Pealer Treasurer | OfficerTrustee | 2 | $0 |
Jamie Alderslade Vice Chair | OfficerTrustee | 2 | $0 |
Efrem Bycer Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,255,070 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,255,070 |
| Total Program Service Revenue | $161,835 |
| Investment income | $670 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $111 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,417,686 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $123,216 |
| Compensation of current officers, directors, key employees. | $36,965 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $496,325 |
| Pension plan accruals and contributions | $9,812 |
| Other employee benefits | $56,445 |
| Payroll taxes | $52,822 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,415 |
| Fees for services: Accounting | $37,130 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,413 |
| Advertising and promotion | $36,506 |
| Office expenses | $31,933 |
| Information technology | $77,194 |
| Royalties | $0 |
| Occupancy | $39,431 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $118,279 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $181 |
| Insurance | $4,116 |
| All other expenses | $0 |
| Total functional expenses | $1,187,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $478,916 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $170,000 |
| Accounts receivable, net | $84,272 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,092 |
| Net Land, buildings, and equipment | $75 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,076 |
| Total assets | $785,431 |
| Accounts payable and accrued expenses | $30,562 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,640 |
| Total liabilities | $52,202 |
| Net assets without donor restrictions | $213,655 |
| Net assets with donor restrictions | $519,574 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $785,431 |