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1214 Foundation INC FY2020 filing

Newtown, CTUnknown exempt organizationEIN 46-2452667Revenue $55K in FY2020

On file with the IRSnewarts.orgPo Box 90 · Newtown, CT

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Our mission is to develop a program to help children gain confidence, inspiration and skills to rise above and ultimately go beyond their greatest challenges, to ultimately exceed their own expectations of themselves. This program is an innovative combination of exploration of the arts and personal character development. Our goal is to build a special center to house this multi-disciplinary educational program, including a performing arts center, which will be based in newtown, but its doors will be open to benefit people nationwide. IT is our desire to create a model for other communities to help children understand their strengths, passions and capabilities, preparing them with tools for tomorrow.

29¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
29%
of spending
Concern: 29% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
21 mo
of spending, in cash
Looks good: 21.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $49
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$37K
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$55K
Spent
$68K
To programs
29%
Net assets
$86K
By yearFY2020–FY2021
Revenue
$55K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$55K
FY2021$128K
Net assets
$86K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$86K
FY2021$48K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

29 cents of each dollar spent went to programs.

Program services 29% · $20K Management & general 71% · $49K

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.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Armel Kouassi
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
See 1214 Foundation INC executive salaries →

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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 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Empowers children through arts and character development to overcome challenges and exceed expectations.

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Provided by the organization

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1 program · $20K · in their own filed words · FY2020
01

Due to the COVID-19 pandemic, the 1214 foundation provided a number of virtual programs, including "a (virtual) christmas carol" which was streamed online from december 23-27, 2020.

$20Kprogram 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 · FY2022
Amazonsmile FoundationFY2022$49
Total grants receivedfrom 1 funder$49

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$55K
Ln 12
Gifts and grantsLn 1h$55K
Other incomeLn 4–11$261
Money outPt IX
$68K
Ln 25
Programscol B$20K
Managementcol C$49K
Owns and owesPt X
$86K
net assets · Ln 32
Cash and savingsLn 1–2$121K
Total assetsLn 16$123K
LiabilitiesLn 26$37K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$55K
Government grantsLn 1e$12K
Other incomeLn 4–11$261
Total revenueLn 12$55K
Assets in detailPt X, end of year
CashLn 1$121K
Cash and savings togetherLn 1–2$121K
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$123K
LiabilitiesLn 26$37K
Net assetsLn 32$86K
OperationsPt I, VI
EmployeesI 53
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$127K$121K
Land, buildings, equipmentLn 10c$3K$2K
Total assetsLn 16$130K$123K
LiabilitiesLn 26$31K$37K
Net assetsLn 32$99K$86K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$28K$28K
Payroll taxesLn 10$4K$4K
Other fees for servicesLn 11g$5K$4K$1K
Advertising and promotionLn 12$20$20
Office expensesLn 13$370$370
RoyaltiesLn 15$250$250
TravelLn 17$45$45
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$8K$5K$3K
Other expenses (24a–d)Ln 24$22K$10K$12K
All other expensesLn 24e$380$380
Total functional expensesLn 25$68K$20K$49K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $128K$48K 990 PDF
FY2020 Viewing $55K$68K−$14K$86K 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 FY2020 990 (6 parts)
Part I · Summary $54,786 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $68,647$54,525
I-9 Program service revenuePrior year $122,541$0
I-10 Investment income$0
I-11 Other revenue$261
I-12 Total revenuePrior year $191,188$54,786
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $12,626$31,287
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $224,086$37,154
I-18 Total expensesPrior year $236,712$68,441
I-19 Revenue less expensesPrior year −$45,524−$13,655
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $54,786 across 5 lines filed
VIII-1e Government grants$11,700
VIII-1f All other contributions, gifts and grants$42,825
VIII-1h Total contributions, gifts and grants$54,525
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $261$261
VIII-12 Total revenueExcluded from tax $261$54,786
Part IX · Statement of functional expenses $68,441 across 11 lines filed
IX-7 Other salaries and wagesManagement $27,667$27,667
IX-10 Payroll taxesManagement $3,620$3,620
IX-11g Other fees for servicesPrograms $4,000 · Management $1,112$5,112
IX-12 Advertising and promotionPrograms $20$20
IX-13 Office expensesManagement $370$370
IX-15 RoyaltiesPrograms $250$250
IX-17 TravelPrograms $45$45
IX-22 Depreciation, depletion and amortizationManagement $1,135$1,135
IX-23 InsurancePrograms $5,129 · Management $2,788$7,917
IX-24 Other expenses (24a–d)Programs $10,297 · Management $11,628$21,925
IX-24e All other expensesManagement $380$380
IX-25 Total functional expensesPrograms $19,741 · Management $48,700 · Fundraising $0$68,441
Part X · Balance sheet $123,013 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $126,833$120,743
X-10c Land, buildings and equipment, netStart of year $3,405$2,270
X-16 Total assetsStart of year $130,238$123,013
X-17 Accounts payable and accrued expensesStart of year $6,684$6,781
X-25 Other liabilitiesStart of year $4,167$10,500
X-26 Total liabilitiesStart of year $30,988$37,418
X-32 Total net assets or fund balancesStart of year $99,250$85,595
X-33 Total liabilities and net assetsStart of year $130,238$123,013
Part XI · Reconciliation of net assets $85,595 net assets at year end
XI-1 Total revenue$54,786
XI-2 Total expenses$68,441
XI-3 Revenue less expenses−$13,655
XI-4 Net assets at start of year$99,250
XI-10 Net assets at end of year$85,595

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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