Civic Intelligence

Next City Inc

EIN 22-3886361 • 501(c)3 • Philadelphia, PA

Profile

See part iii line 4a for details.

PO Box 22449Philadelphia, PA 19110

nextcity.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

66th percentile

0.19x

Higher debt load relative to assets than 66% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

60th percentile

0.14x

Higher debt load relative to revenue than 60% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

70th percentile

17%

Higher net margin than 70% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

77th percentile

$129,016

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 7.2% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

92nd percentile

63%

Faster asset growth than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

72nd percentile

27%

Faster revenue growth than 72% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$1,279,535

Up $494,104 (+63%) from 2023

Liabilities

Up

$244,446

Up $192,244 (+368%) from 2023

Net Assets

Up

$1,035,089

Up $301,860 (+41%) from 2023

Operations
Liabilities / Revenue60th percentileNet Margin70th percentile

Revenue

Up

$1,794,873

Up $377,187 (+27%) from 2023

Expenses

Up

$1,493,013

Up $305,477 (+26%) from 2023

Net Income

Up

$301,860

Up $71,710 (+31%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth92nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $75,098Liabilities 2010: $60,635Net Assets 2010: $14,4632010Assets 2011: $269,615Liabilities 2011: $65,836Net Assets 2011: $203,7792011Assets 2012: $706,372Liabilities 2012: $67,995Net Assets 2012: $638,3772012Assets 2013: $952,911Liabilities 2013: $108,886Net Assets 2013: $844,0252013Assets 2014: $1,692,233Liabilities 2014: $33,117Net Assets 2014: $1,659,1162014Assets 2015: $1,177,534Liabilities 2015: $22,922Net Assets 2015: $1,154,6122015Assets 2016: $1,303,810Liabilities 2016: $33,045Net Assets 2016: $1,270,7652016Assets 2017: $876,299Liabilities 2017: $35,937Net Assets 2017: $840,3622017Assets 2018: $500,940Liabilities 2018: $17,689Net Assets 2018: $483,2512018Assets 2019: $287,665Liabilities 2019: $41,785Net Assets 2019: $245,8802019Assets 2020: $362,008Liabilities 2020: $50,347Net Assets 2020: $311,6612020Assets 2021: $306,037Liabilities 2021: $57,079Net Assets 2021: $248,9582021Assets 2022: $580,582Liabilities 2022: $89,241Net Assets 2022: $491,3412022Assets 2023: $785,431Liabilities 2023: $52,202Net Assets 2023: $733,2292023Assets 2024: $1,279,535Liabilities 2024: $244,446Net Assets 2024: $1,035,0892024

Highlighted filing

2024

Assets$1,279,535
Liabilities$244,446
Net Assets$1,035,089
Open 2024 Filing

Operations Trend

Revenue Growth72nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $529,2972010Expenses 2011: $192,6232011Revenue 2012: $841,788Expenses 2012: $407,190Net Income 2012: $434,5982012Revenue 2013: $1,331,611Expenses 2013: $1,125,963Net Income 2013: $205,6482013Revenue 2014: $2,253,662Expenses 2014: $1,438,571Net Income 2014: $815,0912014Revenue 2015: $521,820Expenses 2015: $1,026,324Net Income 2015: -$504,5042015Revenue 2016: $1,670,399Expenses 2016: $1,554,246Net Income 2016: $116,1532016Revenue 2017: $768,150Expenses 2017: $1,198,553Net Income 2017: -$430,4032017Revenue 2018: $741,609Expenses 2018: $1,098,720Net Income 2018: -$357,1112018Revenue 2019: $859,618Expenses 2019: $1,096,989Net Income 2019: -$237,3712019Revenue 2020: $1,058,886Expenses 2020: $986,606Net Income 2020: $72,2802020Revenue 2021: $1,057,776Expenses 2021: $1,120,478Net Income 2021: -$62,7022021Revenue 2022: $1,444,228Expenses 2022: $1,201,845Net Income 2022: $242,3832022Revenue 2023: $1,417,686Expenses 2023: $1,187,536Net Income 2023: $230,1502023Revenue 2024: $1,794,873Expenses 2024: $1,493,013Net Income 2024: $301,8602024

Highlighted filing

2024

Revenue$1,794,873
Expenses$1,493,013
Net Income$301,860
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,279,535
Liabilities
$244,446
Net assets
$1,035,089
Revenue
$1,794,873
Expenses
$1,493,013
Net income
$301,860
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.28$0.24$1.04$1.79$1.49$0.30
2023Detailed filing. Detailed filing data is available for this year.$0.79$0.05$0.73$1.42$1.19$0.23
2022Detailed filing. Detailed filing data is available for this year.$0.58$0.09$0.49$1.44$1.20$0.24
2021Detailed filing. Detailed filing data is available for this year.$0.31$0.06$0.25$1.06$1.12$0.06
2020Detailed filing. Detailed filing data is available for this year.$0.36$0.05$0.31$1.06$0.99$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.29$0.04$0.25$0.86$1.10$0.24
2018Detailed filing. Detailed filing data is available for this year.$0.50$0.02$0.48$0.74$1.10$0.36
2017Detailed filing. Detailed filing data is available for this year.$0.88$0.04$0.84$0.77$1.20$0.43
2016Detailed filing. Detailed filing data is available for this year.$1.30$0.03$1.27$1.67$1.55$0.12
2015Detailed filing. Detailed filing data is available for this year.$1.18$0.02$1.15$0.52$1.03$0.50
2014Detailed filing. Detailed filing data is available for this year.$1.69$0.03$1.66$2.25$1.44$0.82
2013Detailed filing. Detailed filing data is available for this year.$0.95$0.11$0.84$1.33$1.13$0.21
2012Summary only. Only limited summary data is available for this year.$0.71$0.07$0.64$0.84$0.41$0.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.07$0.20$0.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.08$0.06$0.01$0.53
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 15, 2025
Return Version
2024v5.2
Gross Receipts
$1,794,873
Mission and Program Overview

Mission

See part iii line 4a for details.

To inspire social, economic and environmental change in cities through journalism and events around the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$170,000$1,083,060▲ $913,060
Cash and Non-Interest-Bearing Accounts$478,916$160,294▼ $318,622
Prepaid Expenses and Deferred Charges$31,092$28,687▼ $2,405
Accounts Receivable$84,272$7,494▼ $76,778
Land, Buildings, and Equipment, Net$75$0▼ $75
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$785,431$1,279,535▲ $494,104
Other Assets Total$21,076$0▼ $21,076
Liabilities
Mortgage Notes Payable Secured by Investment Property$0$200,000▲ $200,000
Accounts Payable and Accrued Expenses$30,562$44,446▲ $13,884
Other Liabilities$21,640$0▼ $21,640
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$52,202$244,446▲ $192,244
Net Assets / Fund Balance
Net Assets With Donor Restrictions$519,574$1,268,250▲ $748,676
Net Assets Without Donor Restrictions$213,655$-233,161▼ $446,816
Total Net Assets Fund Balance$733,229$1,035,089▲ $301,860
Total Liabilities and Net Assets / Fund Balance$785,431$1,279,535▲ $494,104

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$17,036$17,036
Leasehold Improvements$0$1,482$1,482
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Lucas GrindleyExecutive DirectorFT$129,016$129,016

Board Members and Trustees

NameTitle
Eric ShawChair
Jamie Aldersladevice chair
Casius PealerBoard Member
Courtney R SnowdenBoard Member
Kate DidechBoard Member
Khanh RussoBoard Member
Lilian CoralBoard Member
Lynnette McRaeBoard Member
Syed AliBoard Member
Tamar ShapiroBoard Member
Mauricio Andrs GarciaSecretary
Allison S JoeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,617,667
Program Service Revenue
$165,427
Investment Income
$7,889
Other Revenue
$3,890
All Other Contributions
$1,617,667
Change in Net Assets
$301,860

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,794,873
Revenue Not Reported on Form 990
$176,590
Total Revenue per Audited Statements
$1,971,463
Total Revenue per Form 990
$1,794,873
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$991,424
Other Expenses$501,589
Total Fundraising Expense$246,928
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$529,558$92,484$82,943$704,985
Conferences and Meetings$79,949$52,781$2,266$134,996
Current Officers, Directors, Trustees, and Key Employees$25,803$38,705$64,508$129,016
Information Technology$34,797$38,019$1,500$74,316
Other Employee Benefits$49,169$11,615$13,055$73,839
Payroll Taxes$46,767$11,047$12,417$70,231
Office Expenses$6,279$34,989$19,188$60,456
Fees for Services Accounting-$34,056-$34,056
Advertising--$32,528$32,528
Occupancy$21,311$5,034$5,659$32,004
Fees for Services Other-$15,428$2,267$17,695
Pension Plan Contributions$8,892$2,100$2,361$13,353
Other Expenses$2,970-$3,570$6,540
Insurance$2,883$681$765$4,329
Depreciation Depletion$50$12$13$75
Total Functional Expenses$909,134$336,951$246,928$1,493,013

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,669,603
Expenses per Audited Statements$1,493,013
Total Expenses per Form 990$1,493,013
Expenses Not Reported on Form 990$176,590
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11B:

“Governing board review of form 990 prior to its filing, a copy of final form 990 is provided to each voting member of governing board for review.”

FORM 990, PART VI, SECTION B, LINE 12C:

“Monitoring and enforcement of conflicts policy no member of next city board of directors or staff shall derive any personal profit or gain, directly or indirectly, by reason of his or her participation with next city. This shall also include the member's business or other nonprofit affiliations, family and/or significant other, employer, or close associates who may stand to receive a benefit or gain. Each individual shall disclose to the board chair any personal interests which he or she may have in any matter pending before the organization and shall refrain from participation in any discussion or decision on such matter.”

FORM 990, PART VI, SECTION B, LINE 15A:

“Process for determining officer's compensation the board of directors has determined the president, ceo & publisher's compensation by comparing compensation packages for leaders of other non-profit organizations of similar size, as well as other similar executive director's compensation with similar experience and background. The board of directors also takes into account the executive director's estimate for annual revenue expected to be generated when considering the executive director's compensation.”

FORM 990, PART VI, SECTION C, LINE 19:

“Public availability of other documents copies of the organization's governing documents, financial statements and form 990 will be provided on request, and they are also available for inspection at the organization's business office located in philadelphia, pennsylvania.”

Filing and Contact Details

Filer

Filer Name
Next City Inc
EIN
22-3886361
In Care Of
% THE ORGANIZATION
Phone
2672360762
Address
PO Box 22449, Philadelphia, PA 19110

Signing Officer

Name
Lucas Grindley
Title
Executive Director
Phone
2672390762
Signed
2025-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lucas Grindley
Formed
2002
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
12
Volunteers
12

Preparer

Firm
Withumsmithbrown Pc
Address
1835 MARKET STREET SUITE 1710, PHILADELPHIA, PA 19103-2945
Preparer
Richard Ruvelson
Phone
2155462140
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Next city qualifies as a tax-exempt organization under section 501(c)(3) of the internal revenue code, and no provision or liability for income taxes is included in the accompanying financial statements. U.s. Gaap requires entities to evaluate, measure, recognize and disclose any uncertain income tax positions taken on their tax returns. U.s. Gaap prescribes a minimum threshold that a tax position is required to meet in order to be recognized in the financial statements. Next city believes that it had no uncertain tax positions as defined in u.s. Gaap.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0NEXT 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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