Nextbook Inc
- Assets
- $1.5m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 20
- Location
- New York, NY
- Founding
- 09/2004
- Data as of
- 12/2023
- EIN
- 41-2116973
Organization Overview
Nextbook Inc is located in New York, NY. The organization was established in 2004. According to its NTEE Classification (X83) the organization is classified as: Religious Printing & Publishing, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Nextbook Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nextbook 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, Nextbook Inc generated $8.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $7.9m during the year ending 12/2023. While expenses have increased by 10.6% per year over the past 8 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEB MAGAZINE (TABLET) TRAFFIC INCREASED DRASTICALLY IN Q4 2024. PAGEVIEWS INCREASED FROM A HISTORICAL AVERAGE OF 1.5M PER MONTH TO 2.64M. INSTAGRAM FOLLOWERS INCREASED TO 60,000. TWITTER FOLLOWERS ROSE TO 80,000 TABLETS PODCAST, UNORTHODOX, REMAINED NUMBER ONE IN ITS CATEGORY ON ITUNES, AND LAUNCHED A NEW SHOW IN 2023 CALLED WHAT REALLY MATTERS WITH WALTER RUSSELL MEAD.
WEB MAGAZINE (JEWCY)- A WHOLLY OWNED SUBSIDIARY OF NEXTBOOK INC. JEWCY MEDIA OPERATES IN THE SAME REALM AS TABLET MAGAZINE, BUT TARGETS A YOUNGER AUDIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Kassel President | OfficerTrustee | 5 | $0 |
Mem D Bernstein Vice President | OfficerTrustee | 5 | $0 |
Mark Charendoff Board Member | Trustee | 5 | $0 |
Justin Shechtel Board Member | Trustee | 5 | $0 |
Yehuda Novick Board Member | Trustee | 5 | $0 |
Daniel Bonner Board Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Three Minute Happiness Inc Editorial Consulting Services | 12/30/23 | $278,916 |
Jaeger Siegel Ltd Editorial Consulting Services | 12/30/23 | $179,348 |
Busy Izzy Productions Inc Podcast Production | 12/30/23 | $150,265 |
Big Human Llc Digital Designing | 12/30/23 | $267,760 |
Tanya Singer Podcast Work | 12/30/23 | $158,197 |
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 | $7,924,176 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,924,176 |
| Total Program Service Revenue | $473,850 |
| Investment income | $32,260 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,113 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,438,293 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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. | $943,996 |
| Compensation of current officers, directors, key employees. | $529,426 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,839,660 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $419,919 |
| Payroll taxes | $208,769 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,673 |
| Fees for services: Accounting | $71,824 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $682,793 |
| Office expenses | $99,437 |
| Information technology | $465,012 |
| Royalties | $0 |
| Occupancy | $105,071 |
| Travel | $139,035 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,396 |
| Insurance | $58,489 |
| All other expenses | $0 |
| Total functional expenses | $7,937,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $328,894 |
| Savings and temporary cash investments | $55,464 |
| Pledges and grants receivable | $435,394 |
| Accounts receivable, net | $106,076 |
| Loans from Officers, Directors, or Controlling Persons | $52,830 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $45,309 |
| Investments—publicly traded securities | $406,032 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,000 |
| Total assets | $1,462,999 |
| Accounts payable and accrued expenses | $187,253 |
| Grants payable | $0 |
| Deferred revenue | $20,000 |
| 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 | $78,247 |
| Total liabilities | $285,500 |
| Net assets without donor restrictions | $1,177,499 |
| Net assets with donor restrictions | $0 |
| 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 | $1,462,999 |