1214 Foundation Inc
Nonprofit profile at a glance
- EIN
- 462452667
- IRS 990-EZ coverage
- 2013–2021
- Forms available
- Form 990 2020, Form 990-EZ 2021
- Location
- Newtown, CT, USA
- Rating
- 92
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $127,691
- Expenses
- $165,505
- Assets
- $77,335
- Liabilities
- $29,554
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- DR MICHAEL BAROODY (PRESIDENT)
People named in this filing
- DR MICHAEL BAROODY (PRESIDENT)
- ARMEL KOUASSI (VICE PRESIDE)
- GINA MAZZARIELLO (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
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.
What it reported doing in 2021
The 1214 foundation presented "a christas carol", a fully-staged and costumed live performance, december 11 - 12 and december 17 - 19 at edmond town hall, newtown, ct.
Operating model
- Revenue model
- Earned-program. 63% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 100
- Sustainability: 20
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 89.9%; rating input score 90
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -29.6%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 0.47; rating input score 30; 30th percentile among comparable filings
- Liabilities to assets ratio: 0.38; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings
Growth
- Program expense growth: 10.7% per year; rating input score 100; 67th percentile among comparable filings
- Revenue growth: -3.2% per year; rating input score 0; 16th percentile among comparable filings
- Asset growth: 3.9% per year; rating input score 100; 37th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 89.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $149K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 4 filed schedules
- Filing history: 2 filing years from 2013 to 2021
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 3/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.