Next Culture Initative
Next Culture Initative is a private foundation, based in WASHINGTON, DC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $51K in total assets. In 2024, it awarded 6 grants totaling $4K. Net investment income was $4K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$51K
+19.0% YoY
Annual Giving
$4K
+21.0% YoY
Grant Count
6
+0.0% YoY
Avg Grant Size
$625
+21.0% YoY
Under IRS private-foundation payout rules, Next Culture Initative reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
About Next Culture Initative
Based on IRS filings
Next Culture Initative is a private foundation, based in WASHINGTON, DC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $51K in total assets. In 2024, it awarded 6 grants totaling $4K. Net investment income was $4K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $51,259 | $43,086 | $38,607 |
| Revenue | $4,350 | $2,230 | $1,112 |
| Expenses | $3,970 | $3,269 | $4,000 |
| Qualifying Distributions | $3,970 | $3,269 | $4,000 |
| Net Investment Income | $4,130 | $2,667 | — |
| Distributable Amount | $2,266 | $1,933 | $2,280 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
30 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Global Health Partners ($1,000), CISPES Education Fund ($750), Code Pink ($500).
| Recipient | Purpose | Amount |
|---|---|---|
| Code Pink Marina Del Ray, CA | arts and culture education | $500 |
| Americans United Washington, DC | arts and culture education | $500 |
| CISPES Education Fund Washington, DC | arts and culture education | $750 |
| Democracy Now New York, NY | arts and culture education | $500 |
| WPFW Washington, DC | arts and culture education | $500 |
| Global Health Partners New York, NY | arts and culture education | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Rex Weil | President and board member | 1 | — |
| Catherine F Klein | sey treas + board member | 1 | — |
| John C Schaible | board member | — | — |
Frequently Asked Questions
How large is Next Culture Initative?
As of 2024, Next Culture Initative holds $51K in total assets with $4K in annual revenue. It awarded 6 grants totaling $4K in 2024.
Where does Next Culture Initative operate?
Next Culture Initative has awarded grants in California, District of Columbia, New York.
What size grants does Next Culture Initative award?
In 2024, Next Culture Initative awarded 6 grants totaling $4K — an average of about $625 per grant, based on its IRS Form 990 filings.
How much is Next Culture Initative required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Next Culture Initative reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Next Culture Initative's EIN?
Next Culture Initative's EIN (Employer Identification Number) is 52-1544086. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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