1214 Foundation Inc
- Assets
- $77.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Newtown, CT
- Founding
- 06/2013
- Data as of
- 12/2021
- EIN
- 46-2452667
Organization Overview
1214 Foundation Inc is located in Newtown, CT. The organization was established in 2013. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, 1214 Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 1214 Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, 1214 Foundation Inc generated $127.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $165.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Michael Baroody President | 2 | $0 | |
Armel Kouassi Vice Preside | 2 | $0 | |
Gina Mazzariello Treasurer | 2 | $0 | |
Maryrose Inzero-Kristopik Secretary | 2 | $0 | |
Michael Unger Artistic Dir | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,169 |
| Total Program Service Revenue | $80,522 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $127,691 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $87,376 |
| Occupancy, rent, utilities, and maintenance | $28,456 |
| Printing, publications, postage, and shipping | $4,333 |
| Other expenses | $45,340 |
| Total expenses | $165,505 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $76,200 |
| Other assets | $0 |
| Total assets | $77,335 |
| Total liabilities | $29,554 |
| Net assets or fund balances | $47,781 |