1448 Projects
Nonprofit profile at a glance
- EIN
- 471204467
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024
- Location
- Seattle, WA, USA
- Phone
- 2068519636
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $145,928
- Expenses
- $163,590
- Assets
- $36,106
- Liabilities
- $36,106
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- Gabriel Ayerza (Vice-President)
- Stacey Bush (President)
People named in this filing
- Joe Iano (Director)
- Kathryn Jean Keller (Director)
- Zenaida Rose Smith (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The 14/48 Projects uses unconventional structures to create events that strengthen the artistic community and transcend audience expectations.
What it reported doing in 2024
14/48: The World's Quickest Theater Festival brings together 75 theater artists to write, direct, rehearse, build, score and perform 14 original 10-minute plays in 48 hours. The signature festival in Seattle is typically two weekends of plays with two completely different sets of artists. During a festival day the artists arrive early in the morning and stay until late at night. Artists eat, drink, work and socialize together creating one of the most positive and energetic collaborative environments in the city. Artists make critical connections and audiences enjoy the wild ride of these dynamic new works of art. In 2025 The 14/48 Projects continues as a resident theater at the Center Theater at the Seattle Center.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 92
- Accountability: 77
- Sustainability: 22
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.3%; rating input score 98
- Program expense ratio: 87.7%; rating input score 88
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 71.4%; rating input score 71; 19th percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -12.1%; rating input score 20; 20th percentile among comparable filings
- Total-asset coverage ratio: 0.22; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: 1; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 5.3% per year; rating input score 100; 55th percentile among comparable filings
- Revenue growth: 29.2% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 91.1% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 98.3% of revenue deployed · 87.7% of spending went to programs
- Governance: 10 of 14 board members independent · 6 of 7 filing controls reported
- Programs: 4 filed program accomplishments · $143K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 40 of 40 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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 20/100.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Liabilities to assets ratio scored 5/100.