Next Culture Initative
- Assets
- $43.1k
- Revenue
- $2.2k
- Investments
- $37.9k
- Employees
- 0
- Location
- Washington, DC
- Founding
- 00/0000
- Data as of
- 12/2023
- EIN
- 52-1544086
Organization Overview
Next Culture Initative is located in Washington, DC. The organization was established in 0000. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Next Culture Initative 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 Culture Initative generated $2.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 29.7% each year . All expenses for the organization totaled $3.3k during the year ending 12/2023. While expenses have increased by 1.9% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE WE ARE A GRANT MAKING ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rex Weil President And Board Member | 1 | $0 | |
Catherine F Klein Se'y Treas + Board Member | 1 | $0 | |
John C Schaible Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $110 |
| Dividends & Interest | $530 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$606 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,196 |
| Total Revenue | $2,230 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $169 |
| Total operating and administrative expenses | $169 |
| Contributions, gifts, grants paid | $3,100 |
| Total expenses and disbursements | $3,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,156 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $43,086 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Next Culture Initative has awarded $3,100 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
GLOBAL HEALTH PARTNERS PURPOSE: ARTS AND CULTURE EDUCATION | $500 |
WPFW PURPOSE: ARTS AND CULTURE EDUCATION | $600 |
CISPES EDUCATION FUND PURPOSE: ARTS AND CULTURE EDUCATION | $750 |
DEMOCRACY NOW PURPOSE: ARTS AND CULTURE EDUCATION | $250 |
CODE PINK PURPOSE: ARTS AND CULTURE EDUCATION | $500 |
AMERICANS UNITED PURPOSE: ARTS AND CULTURE EDUCATION | $500 |