Nextbook Inc
- Assets
- $1.1m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 16
- Location
- New York, NY
- Founding
- 09/2004
- Data as of
- 12/2021
- 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 12/2021, Nextbook Inc employed 16 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 12/2021, Nextbook Inc generated $6.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $5.8m during the year ending 12/2021. While expenses have increased by 7.3% per year over the past 7 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
2021
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 REMAINED HEALTHY IN 2021 DAILY EMAIL SUBSCRIBERS ROSE TO 120,000 FACEBOOK FOLLOWERS ROSE TO 125,000 TWITTER FOLLOWERS ROSE TO 74,000 TABLET'S PODCAST, UNORTHODOX, REMAINED NUMBER ONE IN ITS CATEGORY ON ITUNES, WITH OVER 35,000 WEEKLY DOWNLOADS, AND TABLET LAUNCHED FOUR OTHER PODCASTS, THAT RECEIVE AN ADDITIONAL 20,000 DOWNLOADS PER WEEK.
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 |
|---|---|---|---|
Alana Newhouse Editor-In-Chief | Officer | 40 | $450,000 |
Morton Landowne Executive Director | Officer | 40 | $230,000 |
Wayne Hoffman Executive Editor | 40 | $195,250 | |
Liel Leibovitz Senior Writer | 40 | $152,800 | |
Stephanie Butnick Senior Editor | 40 | $147,800 | |
Gabriel Sanders Director Of Business Development | 40 | $142,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Three Minute Happiness Inc Editorial Consulting Services | 12/30/21 | $225,993 |
Big Human Llc Digital Designing | 12/30/21 | $134,400 |
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 | $5,963,454 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,963,454 |
| Total Program Service Revenue | $271,920 |
| Investment income | $950 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,280,480 |
| 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. | $803,900 |
| Compensation of current officers, directors, key employees. | $466,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,300,297 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $354,607 |
| Payroll taxes | $154,849 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,273 |
| Fees for services: Accounting | $17,473 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,565 |
| Advertising and promotion | $505,332 |
| Office expenses | $70,309 |
| Information technology | $435,087 |
| Royalties | $0 |
| Occupancy | $131,277 |
| Travel | $36,816 |
| 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 | $50,206 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,816,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,338 |
| Savings and temporary cash investments | $407,797 |
| Pledges and grants receivable | $154,141 |
| Accounts receivable, net | $98,970 |
| 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 | $344,168 |
| Net Land, buildings, and equipment | $18,684 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,750 |
| Other assets | $56,648 |
| Total assets | $1,137,496 |
| Accounts payable and accrued expenses | $105,371 |
| Grants payable | $0 |
| Deferred revenue | $23,600 |
| 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 | $0 |
| Total liabilities | $128,971 |
| Net assets without donor restrictions | $965,834 |
| Net assets with donor restrictions | $42,691 |
| 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 | $1,137,496 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Nextbook Inc has recieved totaling $4,142,108.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $3,795,367 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $223,351 |
Donors Trust Inc Alexandria, VA PURPOSE: for general operations | $100,000 |
Keren Keshet-The Rainbow Foundation New York, NY PURPOSE: OPERATING EXPENSES | $23,240 |
Edwards Lifesciences Foundation Irvine, CA PURPOSE: MATCHING GIFTS GRANT | $100 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Barnabas Fund Lancaster, PA | $1,202,815 | $6,473,127 |
Nextbook Inc New York, NY | $1,137,496 | $6,280,480 |
Pocket Testament League Inc Lititz, PA | $2,734,106 | $3,853,186 |
Commentary Inc New York, NY | $6,537,680 | $2,900,591 |
Swedenborg Foundation Inc West Chester, PA | $21,667,132 | $1,952,977 |
Paulist Press Inc Mahwah, NJ | $4,505,578 | $989,159 |
Moments With The Book Bedford, PA | $1,455,077 | $1,921,341 |
Presbyterian & Reformed Publishing Co Phillipsburg, NJ | $5,247,235 | $1,819,033 |
Heralds Of Hope Inc Breezewood, PA | $2,281,668 | $2,027,863 |
Chayenu Inc Brooklyn, NY | $453,060 | $1,363,073 |
Life-Study Fellowship Foundation Inc Darien, CT | $282,374 | $1,577,365 |
Catholic Star Herald Camden, NJ | $352,087 | $1,261,448 |