Overview
What is 1455 Inc?
1455 Inc is a small, nonprofit organization situated in Reston, Virginia. Their primary focus is fostering a love for literary arts, achieved through a variety of educational, inspiring, and supportive programs. Despite the challenges posed by the current circumstances, 1455 Inc has successfully transitioned their activities to a virtual platform, providing diverse and inclusive programming at no cost to the public. Their offerings include a monthly author series, a podcast titled "14:55 Interview," and an annual summer festival, featuring over 200 speakers and 60 panels spread across three days in July. This event is also accessible online for free.
Official website here: www.1455litarts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%, Two-Star out of Four Star rating)
1455 Inc has received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates strong accountability and finance practices, there are notable areas for improvement, particularly in transparency. With a perfect score in accountability metrics such as independent board membership and no material diversion of assets, the organization shows a commitment to ethical governance.
However, the lack of financial statements and missing policies related to whistleblower protection and document retention negatively impact its overall score. This absence of key documentation raises concerns about the organization's transparency and could hinder stakeholder trust. It is essential for nonprofits to maintain robust policies that support accountability to further solidify their credibility with donors and the public.
Despite these limitations, 1455 Inc maintains a high program expense ratio, directing a significant portion of its resources towards its mission. This focus on program spending suggests a commitment to delivering effective services, but the organization would benefit from addressing its transparency issues to enhance its overall standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is 1455 Inc legitimate?
1455 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1455 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: $74,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.1455litarts.org
What is the mission statement of 1455 Inc?
1455 Inc's mission is centered around fostering an appreciation and passion for literary arts. They achieve this goal through a variety of programs designed to educate, inspire, and support writers and readers of literature. These initiatives include their monthly author series, regular podcasts, and an annual summer festival featuring numerous speakers and panels. All of these events are diverse, inclusive, and free of charge, making them accessible to a wide audience.
Official website here: www.1455litarts.org
Who is the CEO of 1455 Inc?
Sean Murphy is the Co-Chair of 1455 Inc.
Official website here: www.1455litarts.org
What is the revenue of 1455 Inc?
1455 Inc's revenue in 2022 was $1,092,868.
Official website here: www.1455litarts.org
Who are the executives of 1455 Inc and what are their salaries?
The average compensation at 1455 Inc during 2022 was $74,750. There is 1 employee at 1455 Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $74,750
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.1455litarts.org
Where can I find the form 990 for 1455 Inc?
1455 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.1455litarts.org
Learn more at the official website: www.1455litarts.org
Mission Statement of 1455 Inc
1455 Inc, a nonprofit organization, strives to cultivate a deep appreciation and fervor for literary arts. Achieving this goal, they design and implement various educational, inspiring, and supportive programs for writers and literature enthusiasts. The organization's mission is to foster an environment where individuals can connect with literature, nurturing their passion and understanding for the art form.
1455 Inc takes an inclusive approach to its programming, ensuring that their offerings are diverse and accessible to all. Beyond their monthly Author Series and the popular "14:55 Interview" podcast, they host an annual Summer Festival. This three-day event features over 200 speakers and 60 panels, showcasing a multitude of perspectives and voices within the literary world. The festival is free and available to all, making high-quality literary education and entertainment easily accessible to a wide audience.
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Impact
July, 2024
1455 Inc's impact lies in fostering an appreciation of and passion for the literary arts through diverse and inclusive programming. They provide virtual and free literary programs, including monthly author series, a regular "14:55 Interview" podcast, and an annual summer festival featuring over 200 speakers and 60 panels. By offering these opportunities, 1455 Inc educates, inspires, and supports writers and literature enthusiasts. Through their efforts, they contribute to the growth and enrichment of the literary community, making literature more accessible and engaging for a wider audience.
This information is meant to be a general summary of 1455 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 2022.
- Investment Income: $36,862
- Gross Receipts: $1,092,868
Assets and Liabilities:
- Total Assets: $1,456,957
- Total Liabilities: $13,500
- Net Assets: $1,443,457
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Organization Details
Founding Year
2017
Phone
(571) 276-4407Principal Officer
Sean Murphy
Main Address
1855 STRATFORD PARK PL 216, RESTON, VA, 20190
Website
www.1455litarts.orgNTEE Category
Code: A70 - Arts
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