Source One Five is located in Franklin, TN. The organization was established in 2018. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, 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. Source One Five 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, Source One Five generated $12.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (19.7%) each year. All expenses for the organization totaled $12.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.7%) per year over the past 3 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 Program Activity:
Part 3
CREATE A COLLABORATIVE AND COMPASSIONATE CENTER FOR THE ARTS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rachel Meinhart Vice President | 10 | $500 | |
Conner Meinhart President | 10 | $0 | |
Rebecca Williams Director | 10 | $0 | |
Anna Bovi Secretary | 10 | $0 | |
Michael W Smith Director | 10 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $8,332 |
Total Program Service Revenue | $4,714 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $12,942 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $500 |
Professional fees and other payments to independent contractors | $252 |
Occupancy, rent, utilities, and maintenance | $6,875 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $4,401 |
Total expenses | $12,028 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $1,990 |
Other assets | $0 |
Total assets | $2,390 |
Total liabilities | $0 |
Net assets or fund balances | $2,390 |
Over the last fiscal year, we have identified 1 grants that Source One Five has recieved totaling $14.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Organization Name | Assets | Revenue |
---|---|---|
Connect2culture Joplin, MO | $4,192,804 | $8,724,322 |
Mississippi Arts And Entertainment Center Meridian, MS | $14,826,824 | $2,667,406 |
Historic Tennessee Theatre Foundation Knoxville, TN | $32,949,657 | $9,927,493 |
Luther F Carson Four Rivers Center Inc Paducah, KY | $59,072,684 | $5,458,266 |
Rivercenter Inc Columbus, GA | $5,489,865 | $4,501,265 |
Arts Of Southern Kentucky Inc Bowling Green, KY | $7,056,878 | $5,434,508 |
Sheldon Arts Foundation Saint Louis, MO | $19,890,863 | $2,862,291 |
Belcourt Theatre Inc Nashville, TN | $8,909,570 | $4,044,335 |
Bijou Theater Center Knoxville, TN | $4,966,166 | $3,906,222 |
Gillioz Center For Arts And Entertainment Springfield, MO | $537,009 | $2,542,105 |
Zeiders American Dream Theater Virginia Beach, VA | $9,355,099 | $2,062,957 |
Grand Center Inc St Louis, MO | $11,709,828 | $1,280,958 |