Overview
What is 1014 Inc?
1014 Inc is a nonprofit organization situated in New York City, specifically at 880 Third Avenue, 12th floor. Its primary objective is to foster transatlantic relations and mutual understanding between the United States and Germany. To achieve this, the organization engages in various activities such as exhibitions, lectures, discussions, seminars, conferences, and performances, limited to a maximum of 75 attendees. Furthermore, it supports organizations with charitable purposes that align with its own, both within the U.S. and internationally. With a team of four dedicated individuals, 1014 Inc aims to bridge cultural, educational, scientific, economic, and social gaps between North America and Europe.
Official website here: www.1014.nyc
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89%, Three-Star out of Four Star rating
1014 Inc has earned a commendable Three-Star rating, reflecting a strong commitment to accountability and finance with a score of 74%. The organization exhibits exemplary governance with 92% of its board members being independent, ensuring unbiased oversight. The financial management is robust, as indicated by a high program expense ratio of 73.81% and a low liabilities to assets ratio of 9.27%, which suggests effective resource allocation towards their mission.
While 1014 Inc demonstrates significant strengths in leadership and adaptability, scoring a perfect 100 in this area, there are some limitations noted in their policies. The absence of a whistleblower policy and a document retention and destruction policy could pose risks to their operational integrity. However, the organization does have well-documented board meeting minutes and a clear conflict of interest policy in place, which reflects a solid governance framework.
Overall, 1014 Inc shows a promising performance in its financial health and governance, although addressing the noted policy gaps could further enhance its operational transparency and trust. The organization is well-positioned to continue its impactful work within the community, supported by a strong foundation of accountability and leadership.
This AI summary has been generated from information found on Charity Navigator.
Is 1014 Inc legitimate?
1014 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1014 Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $230,447
Professional Fundraising Fees: $0
Other Salaries and Wages: $161,809
For more financial information, click here
Official website here: www.1014.nyc
What is the mission statement of 1014 Inc?
1014 Inc's primary mission is focused on fostering transatlantic relations and enhancing mutual understanding between the United States and Germany. The organization achieves this goal by spearheading various cultural, educational, scientific, economic, and social projects that delve into cross-Atlantic topics. These projects serve to bring together influential individuals from sectors such as culture, science, economics, civil society, and media from North America and Europe. Activities under this umbrella encompass exhibitions, lectures, readings, discussions, seminars, conferences, and performances, all aimed at bridging the gap between the two nations. Furthermore, the organization extends charitable donations to organizations in the U.S. and abroad whose objectives align with its own.
Official website here: www.1014.nyc
What is the revenue of 1014 Inc?
1014 Inc's revenue in 2023 was $844,729.
Official website here: www.1014.nyc
Who are the executives of 1014 Inc and what are their salaries?
The average compensation at 1014 Inc during 2023 was $56,037. There are 7 employees and 13 volunteers at 1014 Inc.
Here are 14 key members and their salaries:
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- Compensation: $225,447
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Official website here: www.1014.nyc
Where can I find the form 990 for 1014 Inc?
1014 Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.1014.nyc
Learn more at the official website: www.1014.nyc
Mission Statement of 1014 Inc
1014 Inc, a renowned organization, is primarily dedicated to fostering transatlantic relations and promoting understanding between the United States and Germany. The organization achieves this mission by engaging in programmatic activities that encompass cultural, educational, scientific, economic, and social projects. These projects delve into cross-Atlantic topics, bringing together influential figures from various sectors such as culture, science, economics, civil society, and media from both North America and Europe.
The organization's initiatives are wide-ranging, encompassing exhibitions for up to 75 individuals, lectures, readings, discussions, seminars, conferences, and performances. These activities serve as platforms for knowledge sharing and collaboration, bridging the gap between the two continents. Furthermore, 1014 Inc extends its support by making donations to organizations in the United States and beyond, whose charitable purposes align with its own mission. These donations are instrumental in furthering the cause of transatlantic relations and understanding, thereby contributing to a more interconnected world.
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Impact
July, 2024
1014 Inc fosters transatlantic relations and understanding between the United States and Germany through various cultural, educational, scientific, economic, and social projects. By bringing together leaders in culture, science, economics, civil society, and media from North America and Europe, the organization plays a key role in facilitating dialogue and collaboration across borders. Through exhibitions, lectures, readings, discussions, seminars, conferences, and performances, 1014 Inc creates opportunities for individuals to engage with transatlantic topics and deepen their understanding of these critical relationships. Additionally, the organization's support through donations to charitable organizations further amplifies its impact in promoting shared values and cooperation between nations.
This information is meant to be a general summary of 1014 Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Gross Receipts: $844,729
Assets and Liabilities:
- Total Assets: $56,797
- Total Liabilities: $5,275
- Net Assets: $51,522
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Organization Details
Founding Year
2017
Principal Officer
Katja Wiesbrock Donovan
Website
www.1014.nycNTEE Category
Code: A20 - Arts
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