1455 Inc
- Assets
- $1.4m
- Revenue
- $52.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Reston, VA
- Founding
- 05/2018
- Data as of
- 12/2023
- EIN
- 82-3399504
Organization Overview
1455 Inc is located in Reston, VA. The organization was established in 2018. According to its NTEE Classification (A70) the organization is classified as: Humanities, 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. 1455 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 12/2023, 1455 Inc generated $52.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (31.4%) each year. All expenses for the organization totaled $234.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOSTER AN APPRECIATION OF AND PASSION FOR THE LITERARY ARTS THROUGH VARIOUS PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE'VE CONTINUED TO PROVIDE DIVERSE AND INCLUSIVE PROGRAMMING, ALL VIRTUAL AND FREE. IN ADDITION TO OUR MONTHLY AUTHOR SERIES AND OUR REGULAR "14:55 INTERVIEW" PODCAST, WE HAVE OUR ANNUAL SUMMER FESTIVAL, FEATURING OVER 200 SPEAKERS AND 60 PANELS, FREE TO ALL AND VIRTUAL OVER 3 DAYS IN JULY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Churches Secretary | 1 | $0 | |
Mark Seferian Co-Chair | 1 | $0 | |
Karen Vasquez Co-Chair | 1 | $0 | |
Sean Murphy Executive Director | 60 | $87,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $24,862 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,095 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$14,261 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $40 |
| Total Revenue | $52,736 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $87,750 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,087 |
| Depreciation | $1,545 |
| Occupancy | $35,177 |
| Travel, conferences, and meetings | $5,431 |
| Printing and publications | $0 |
| Other expenses | $92,423 |
| Total operating and administrative expenses | $234,785 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $234,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,977 |
| Savings and temporary cash investments | $1,240,768 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $92,700 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $18,535 |
| Other assets | $0 |
| Total assets | $1,378,980 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $13,500 |
| Other liabilities | $0 |
| Total liabilities | $13,500 |