One Reel FY2023 filing

Tax-deductible

Seattle, WA501(c)(3)Arts & CultureEIN 23-7246862Revenue $156K in FY2023

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.
81¢ of each $1 spent went to programs.
$10K 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

FY2023 · 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
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$10K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
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
$9K
128% of total assets
Concern: liabilities are 128% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$156K
-8% vs prior year
Spent
$174K
To programs
81%
Net assets
−$2K
By yearFY2020–FY2024
Revenue
$156K
FY2023▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$77K
FY2021$70K
FY2022$170K
FY2023$156K
FY2024$84K
Expenses
$174K
FY2023▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$121K
FY2021$70K
FY2022$164K
FY2023$174K
FY2024$78K
Net assets
−$2K
FY2023▼ -113%
Tap a bar for its year
Net assets by fiscal year
FY2020−$471K
FY2021$9K
FY2022$16K
FY2023−$2K
FY2024$4K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

81 cents of each dollar spent went to programs.

Program services 81% · $142K Management & general 15% · $27K Fundraising 3% · $6K

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

4 people listed on the 990; $10K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$9,785Pt VII · Sec A
$0Pt VII · Sec A
Director
$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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3 programs · $140K · in their own filed words · FY2023
01

Publicdisplay.art Publication and Gallery

Launched in 2021 in response to the pandemic, PUBLICDISPLAY.ART became one reel's primary programming in 2023. As seattle's only free arts publication to be published quarterly by a 501c3 non-profit, our arts coverage offered an accessible opportunity to reignite interest in the arts among local residents and seattle visitors, alike.

$104Kprogram expense
02

Northwest Folklife Festival Program

One reel partnered with northwest folklife festival for the second year in a row, to publish the indispensable guide to their event at seattle center over memorial day weekend. In this way, we are expanding upon our success with publishing publicdisplay to support another arts-focused non-profit.

$33Kprogram expense
03

Bumbershoot Poster Sales

In 2023, one reel continued its online sale of vintage official bumbershoot festival posters. The new promoters of the bumbershoot festival also purchased the social media rights from one reel.

$2Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$156K
Ln 12
Gifts and grantsLn 1h$64K
Fees for servicesLn 2g$51K
Other incomeLn 4–11$42K
Money outPt IX
$174K
Ln 25
Programscol B$142K
Managementcol C$27K
Fundraisingcol D$6K
Owns and owesPt X
−$2K
net assets · Ln 32
Cash and savingsLn 1–2$7K
Total assetsLn 16$7K
LiabilitiesLn 26$9K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$64K
Government grantsLn 1e$24K
Fundraising eventsLn 1c$8K
Fees for servicesLn 2g$51K
Investment incomeLn 3$3
Other incomeLn 4–11$42K
Total revenueLn 12$156K
Assets in detailPt X, end of year
CashLn 1$7K
Cash and savings togetherLn 1–2$7K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$7K
LiabilitiesLn 26$9K
Net assetsLn 32−$2K
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 FY23End FY23
Cash and savingsLn 1–2$26K$7K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$26K$7K
LiabilitiesLn 26$11K$9K
Net assetsLn 32$16K−$2K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$10K$4K$6K$227
Other salaries and wagesLn 7$13K$13K
Payroll taxesLn 10$3K$1K$2K
Legal feesLn 11b$108$108
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$52K$49K$3K
Advertising and promotionLn 12$8K$7K$847
Office expensesLn 13$2K$2K$746
Information technologyLn 14$660$560$100
OccupancyLn 16$4K$4K
TravelLn 17$4K$3K$550
InsuranceLn 23$1K$170$968
Other expenses (24a–d)Ln 24$69K$62K$6K$802
Total functional expensesLn 25$174K$142K$27K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $84K$78K$6K$4K 990 PDF
FY2023 Viewing $156K$174K−$18K−$2K 990 PDF
FY2022 $170K$164K$7K$16K 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $156,288 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $102,581$63,609
I-9 Program service revenuePrior year $43,153$50,666
I-10 Investment incomePrior year $0$3
I-11 Other revenuePrior year $24,743$42,010
I-12 Total revenuePrior year $170,477$156,288
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 $17,056$25,409
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $146,462$148,772
I-18 Total expensesPrior year $163,518$174,181
I-19 Revenue less expensesPrior year $6,959−$17,893
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $156,288 across 9 lines filed
Lines not itemized here account for $16,111 of total revenue; see the IRS return.
VIII-1c Fundraising events$7,507
VIII-1e Government grants$24,490
VIII-1f All other contributions, gifts and grants$31,612
VIII-1h Total contributions, gifts and grants$63,609
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $50,666$50,666
VIII-3 Investment incomeExcluded from tax $3$3
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $25,899$25,899
VIII-12 Total revenueRelated to mission $66,777 · Unrelated business $25,899 · Excluded from tax $3$156,288
Part IX · Statement of functional expenses $174,181 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $3,558 · Management $6,000 · Fundraising $227$9,785
IX-7 Other salaries and wagesPrograms $12,636$12,636
IX-10 Payroll taxesPrograms $1,445 · Management $1,543$2,988
IX-11b Legal feesManagement $108$108
IX-11c Accounting feesManagement $7,438$7,438
IX-11g Other fees for servicesPrograms $49,467 · Fundraising $2,711$52,178
IX-12 Advertising and promotionPrograms $7,311 · Fundraising $847$8,158
IX-13 Office expensesPrograms $1,597 · Management $746$2,343
IX-14 Information technologyPrograms $560 · Management $100$660
IX-16 OccupancyManagement $3,936$3,936
IX-17 TravelPrograms $3,308 · Management $550$3,858
IX-23 InsuranceManagement $170 · Fundraising $968$1,138
IX-24 Other expenses (24a–d)Programs $61,811 · Management $6,342 · Fundraising $802$68,955
IX-25 Total functional expensesPrograms $141,693 · Management $26,933 · Fundraising $5,555$174,181
Part X · Balance sheet $7,347 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $26,414$6,889
X-4 Accounts receivable$458
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $26,414$7,347
X-17 Accounts payable and accrued expensesStart of year $10,862$9,438
X-26 Total liabilitiesStart of year $10,862$9,438
X-27 Net assets without donor restrictionsStart of year $15,552−$2,091
X-32 Total net assets or fund balancesStart of year $15,552−$2,091
X-33 Total liabilities and net assetsStart of year $26,414$7,347
Part XI · Reconciliation of net assets −$2,091 net assets at year end
XI-1 Total revenue$156,288
XI-2 Total expenses$174,181
XI-3 Revenue less expenses−$17,893
XI-4 Net assets at start of year$15,552
XI-8 Prior period adjustments$250
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$2,091

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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