14th Factory Foundation is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 14th Factory Foundation 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 12/2017, 14th Factory Foundation generated $2.1m in total revenue. All expenses for the organization totaled $2.2m during the year ending 12/2017.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
CREATE LARGE-SCALE CONTEMPORARY ART EXPERIENCES THAT ACT AS VEHICLES FOR SOCIAL IMPACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE 14TH FACTORY IS A MONUMENTAL, MULTIPLE-MEDIA, SOCIALLY ENGAGED ART AND DOCUMENTARY EXPERIENCE CONCEIVED BY THE HONG KONG-BASED BRITISH ARTIST SIMON BIRCH. TAKING OVER THREE ACRES OF AN EMPTY INDUSTRIAL WAREHOUSE AND LOT ON THE OUTSKIRTS OF DOWNTOWN LOS ANGELES, THE LOCATION HAS BEEN TRANSFORMED INTO A FACTORY WHERE BIRCH AND HIS 20 CREATIVE COLLABORATORS WORK AND MANUFACTURE THEIR ART, CREATING AN EVER-CHANGING IMMERSIVE ENVIRONMENT OF 14 INTERLINKED SPACES COMPRISED OF VIDEO, INSTALLATION, SCULPTURE, PAINTINGS AND PERFORMANCE.IN ENTERING THE 14TH FACTORY, THE VISITOR IS TRANSFORMED INTO A CENTRAL PLAYER IN A COLLABORATIVELY FABRICATED ADVENTURE AND MOTION PICTURE THAT ENGAGES AND UNFOLDS, UNITING INDIVIDUALS TO THE CREATIVE PROCESS AND TO EACH OTHER. THE EXPERIENCE CHALLENGES THE CURRENT POLITICAL CLIMATE BY CELEBRATING CREATIVE DIVERSITY, UNITY AND THE ACT OF OVERCOMING OBSTACLES AND CHALLENGES AS A GLOBAL SOCIETY.THE 14TH FACTORY IS A SPACE WHERE THE RESIDENTS OF THE LINCOLN HEIGHTS NEIGHBORHOOD OF LA WERE INVITED TO COME TO EXPERIENCE ART IN A NEW WAY. THE RESIDENTS OF THE NEIGHBORHOOD, AS WELL AS THE STUDENTS OF THE SCHOOLS OF LA WERE INVITED TO EXPERIENCE THE PROJECT FREE OF CHARGE AND MEET SIMON BIRCH AS HE GUIDED THEM THROUGH THE 14TH FACTORY. THE PROJECT BELIEVES IN THE IMPORTANCE OF SHARING ART WITH COMMUNITIES THAT ARE UNDERSERVED AND IN ITS MISSION TO CREATE LARGE-SCALE CONTEMPORARY ART EXPERIENCES THAT ACT AS VEHICLES FOR SOCIAL IMPACT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Neil Seth Treasurer | OfficerTrustee | 5 | $0 |
Jennifer Jehn Vice Chair | OfficerTrustee | 5 | $0 |
Simon Birch Chairman | OfficerTrustee | 5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Drive Studios Llc Video Production Services | 12/30/16 | $1,010,000 |
Ldj Productions Nyc Inc Event And Production Services | 12/30/16 | $584,783 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $2,054,000 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,054,000 |
Total Program Service Revenue | $0 |
Investment income | $72 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,054,102 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $520 |
Fees for services: Accounting | $1,800 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,705,522 |
Advertising and promotion | $0 |
Office expenses | $5,800 |
Information technology | $250 |
Royalties | $0 |
Occupancy | $35,513 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $2,183,282 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $14,487 |
Savings and temporary cash investments | $62,469 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $1,500 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $78,456 |
Accounts payable and accrued expenses | $2,551 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $1,156,043 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $1,310,000 |
Other liabilities | $0 |
Total liabilities | $2,468,594 |
Unrestricted restricted net Assets | -$2,390,138 |
Temporarily restricted net Assets | $0 |
Permanently restricted net Assets or current funds | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total net assets or fund balances | -$2,390,138 |
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Education Through Music Inc New York, NY | $3,082,173 | $4,504,496 |
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