Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1986.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
3 people listed on the 990.
Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
1056 Equities INC is a member-serving organization based in Oakland Gardens, NY.
Questions for 1056 Equities INC
Your first name shows with your question. 1056 Equities INC answers here, for everyone.
Owned and managed land and building for related tax exempt organization.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 11-2786116) · Dispute this lineBy the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $20K | $10K |
| InvestmentsLn 11–13 | $0 | |
| Land, buildings, equipmentLn 10c | $2.4M | $2.3M |
| Total assetsLn 16 | $2.4M | $2.3M |
| LiabilitiesLn 26 | $786K | $726K |
| Net assetsLn 32 | $1.6M | $1.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | |||
| Grants to domestic individualsLn 2 | $0 | |||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $0 | |||
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $0 | |||
| Pension plan contributionsLn 8 | $0 | |||
| Other employee benefitsLn 9 | $0 | |||
| Payroll taxesLn 10 | $0 | |||
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $0 | |||
| Accounting feesLn 11c | $0 | |||
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $0 | |||
| Other fees for servicesLn 11g | $0 | |||
| Advertising and promotionLn 12 | $0 | |||
| Office expensesLn 13 | $0 | |||
| Information technologyLn 14 | $0 | |||
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $65K | |||
| TravelLn 17 | $0 | |||
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $0 | |||
| InterestLn 20 | $46K | |||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $92K | |||
| InsuranceLn 23 | $8K | |||
| All other expensesLn 24e | $0 | |||
| Total functional expensesLn 25 | $211K | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Nov 11, 2025 | $138 | $211K | −$211K | $1.6M | 990 PDF |
| FY2023Filed with the IRS Nov 14, 2024 | $3K | $210K | −$207K | $1.6M | 990 PDF |
| FY2022Filed with the IRS Nov 14, 2023 | $142 | $231K | −$231K | $1.6M | 990 PDF |
| FY2021Filed with the IRS Nov 15, 2022 | $74 | $196K | −$196K | $1.5M | 990 PDF |
| FY2020Filed with the IRS Nov 15, 2022 | $67K | $223K | −$156K | $1.6M | 990 PDF |
Schedules filed Part IV
See the full FY2024 990
Part I · Summary $138 revenue, 12 lines filed
Part VI · Governance 0 of 3 board members independent, 4 to look at
Part VIII · Statement of revenue $138 across 7 lines filed
Part IX · Statement of functional expenses $210,811 across 30 lines filed
Part X · Balance sheet $2,281,995 assets, 21 lines filed
Part XI · Reconciliation of net assets $1,556,082 net assets at year end
Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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