One Reel FY2021 filing

Tax-deductible

Seattle, WA501(c)(3)Arts & CultureEIN 23-7246862Revenue $70K in FY2021

On file with the IRSonereel.org1122 E Pike St 1016, 98122-3916 · Seattle, WATax-exempt since May 1975Publicly supported charity — 170(b)(1)(A)(vi)

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Development and production of signature arts programs to foster growth in the community.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$18K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $10K a year · 9% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$18K
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$700
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$70K
-8% vs prior year
Spent
$70K
To programs
76%
Net assets
$9K
By yearFY2020–FY2024
Revenue
$70K
FY2021▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$77K
FY2021$70K
FY2022$170K
FY2023$156K
FY2024$84K
Expenses
$70K
FY2021▼ -42%
Tap a bar for its year
Expenses by fiscal year
FY2020$121K
FY2021$70K
FY2022$164K
FY2023$174K
FY2024$78K
Net assets
$9K
FY2021▲ +102%
Tap a bar for its year
Net assets by fiscal year
FY2020−$471K
FY2021$9K
FY2022$16K
FY2023−$2K
FY2024$4K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1975.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $54K Management & general 17% · $12K Fundraising 7% · $5K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $18K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$17,850Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Governance Committee Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Martin Griswold’s $8K as Executive Director is at the 36th percentile of top reported officer pay among 250 <$100K arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Martin Griswold$7,842$9,785$8,362$17,850$40,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Creates and produces arts programs to help the community grow.

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Provided by the organization

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1 program · $54K · in their own filed words · FY2021
01

Safely hosting an outdoor event during pandemic following all safety guidelines. Our greatest accomplishment in 2021 was when one reel launched PUBLICDISPLAY.ART a print publication and website devoted to promoting the arts in seattle and recognizing the work of local artists' visual arts.

$54Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$30K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$70K
Ln 12
Gifts and grantsLn 1h$60K
Other incomeLn 4–11$10K
Money outPt IX
$70K
Ln 25
Programscol B$54K
Managementcol C$12K
Fundraisingcol D$5K
Owns and owesPt X
$9K
net assets · Ln 32
Cash and savingsLn 1–2$8K
Total assetsLn 16$9K
LiabilitiesLn 26$700
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$60K
Government grantsLn 1e$35K
Other incomeLn 4–11$10K
Total revenueLn 12$70K
Assets in detailPt X, end of year
CashLn 1$8K
Cash and savings togetherLn 1–2$8K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$9K
LiabilitiesLn 26$700
Net assetsLn 32$9K
OperationsPt I, VI
EmployeesI 53
VolunteersI 627
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$9K$8K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$18K$9K
LiabilitiesLn 26$489K$700
Net assetsLn 32−$471K$9K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$18K$14K$3K$1K
Other salaries and wagesLn 7$6K$4K$961$443
Payroll taxesLn 10$3K$544$3K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$5K$4K$464$464
Advertising and promotionLn 12$3K$2K$426
Office expensesLn 13$2K$2K$92
OccupancyLn 16$12K$9K$1K$1K
TravelLn 17$100$75$25
InsuranceLn 23$7K$6K$747$747
Other expenses (24a–d)Ln 24$11K$8K$3K$293
Total functional expensesLn 25$70K$54K$12K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $84K$78K$6K$4K 990 PDF
FY2023 $156K$174K−$18K−$2K 990 PDF
FY2022 $170K$164K$7K$16K 990 PDF
FY2021 Viewing $70K$70K−$26$9K 990 PDF
FY2020 $77K$121K−$44K−$471K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $70,344 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $61,742$60,390
I-9 Program service revenuePrior year $5,622$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $9,412$9,954
I-12 Total revenuePrior year $76,776$70,344
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $51,111$27,118
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $69,477$43,252
I-18 Total expensesPrior year $120,588$70,370
I-19 Revenue less expensesPrior year −$43,812−$26
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $70,344 across 4 lines filed
Lines not itemized here account for $9,954 of total revenue; see the IRS return.
VIII-1e Government grants$35,003
VIII-1f All other contributions, gifts and grants$25,387
VIII-1h Total contributions, gifts and grants$60,390
VIII-12 Total revenueRelated to mission $9,954 · Unrelated business $0 · Excluded from tax $0$70,344
Part IX · Statement of functional expenses $70,370 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $13,594 · Management $2,914 · Fundraising $1,342$17,850
IX-7 Other salaries and wagesPrograms $4,481 · Management $961 · Fundraising $443$5,885
IX-10 Payroll taxesPrograms $544 · Management $2,839$3,383
IX-11b Legal feesPrograms $2,880$2,880
IX-11c Accounting feesPrograms $3,715 · Management $464 · Fundraising $464$4,643
IX-12 Advertising and promotionPrograms $2,462 · Fundraising $426$2,888
IX-13 Office expensesPrograms $2,383 · Management $92$2,475
IX-16 OccupancyPrograms $9,339 · Management $1,358 · Fundraising $1,167$11,864
IX-17 TravelPrograms $75 · Management $25$100
IX-23 InsurancePrograms $5,978 · Management $747 · Fundraising $747$7,472
IX-24 Other expenses (24a–d)Programs $8,109 · Management $2,528 · Fundraising $293$10,930
IX-25 Total functional expensesPrograms $53,560 · Management $11,928 · Fundraising $4,882$70,370
Part X · Balance sheet $9,293 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $9,323$7,793
X-8 Inventories for sale or useStart of year $2,000$1,500
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $18,253$9,293
X-17 Accounts payable and accrued expensesStart of year $484,067$700
X-26 Total liabilitiesStart of year $489,067$700
X-27 Net assets without donor restrictionsStart of year −$470,814$8,593
X-32 Total net assets or fund balancesStart of year −$470,814$8,593
X-33 Total liabilities and net assetsStart of year $18,253$9,293
Part XI · Reconciliation of net assets $8,593 net assets at year end
XI-1 Total revenue$70,344
XI-2 Total expenses$70,370
XI-3 Revenue less expenses−$26
XI-4 Net assets at start of year−$470,814
XI-9 Other changes in net assets$479,433
XI-10 Net assets at end of year$8,593

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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