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Nonprofit · EIN 23-7246862

ONE REEL

Tax-exempt · SEATTLE, WA 98122

Financials

$156K$174K2023$84K$78K2024
Revenue Expenses · by fiscal year end
Financials of ONE REEL by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$83,772$78,101$5,671$3,940$360$3,580
December 31, 2023990$156,288$174,181-$17,893$7,347$9,438-$2,091
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$68,885
of which government grants
$13,825
Program service revenue
$0
Investment income
$0
Net income from sales of inventory
$1,935
Other revenue
$14,887

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$7,842
Other salaries and wages
$3,762
Salaries, compensation and benefits (total)
$11,849
Professional fundraising fees
$0
Legal fees
$108
Accounting fees
$5,383
Occupancy
$6,750
Travel
$1,238
Program services (functional)
$52,946
Management and general (functional)
$25,084
Fundraising (functional)
$71

Balance sheet and other

Total assets, start of year
$7,347
Total assets, end of year
$3,940
Total liabilities, end of year
$360
Net assets, end of year
$3,580
Net assets without donor restrictions
$3,580
Gross unrelated business income
$12,952
Gross receipts
$84,207
Employees
1
Volunteers
4
Year formed
1973
State of legal domicile
WA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MARTIN GRISWOLDEXECUTIVE DIRECTOR
Officer
5$7,842
ELISHEBA JOHNSONPRESIDENT
Trustee or director, Officer
1$0
ALEX DAISLEYDIRECTOR
Trustee or director
1$0
STEPHEN CUGIERDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
MARTIN GRISWOLDEXECUTIVE DIRECTOR
Officer
5$9,785
ELISHEBA JOHNSONPRESIDENT
Trustee or director, Officer
1$0
ALEX DAISLEYDIRECTOR
Trustee or director
1$0
STEPHEN CUGIERDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1122 E PIKE ST 1016, SEATTLE, WA 98122-3916
Principal officer (990 for 2024)
ELISHEBA JOHNSON, 1122 E PIKE ST 1016, SEATTLE, WA 98122
Signed the 990
ELISHEBA JOHNSON, PRESIDENT
Phone
(206) 673-5060
Return prepared by
GREENWOOD OHLUND PS

Mission

ONE REEL FUELS CIVIC PRIDE THROUGH SIGNATURE PROGRAMS THAT FOSTER GROWTH AND DEVELOPMENT IN COMMUNITY AND THE ARTS.

990 for the year ended December 31, 2024

Program accomplishments

  • AT THE START OF 2024, ONE REEL'S BOARD RECOGNIZED THAT THE ORGANIZATION COULD NOT CONTINUE TO SUPPORT ITS MOST SIGNIFICANT PUBLICDISPLAY.ART, THE PRINT PUBLICATION AND WEBSITE SERVING SEATTLE'S ARTISTS AND CREATIVE COMMUNITY. YET, THEY RECOGNIZED ITS IMPORTANCE TO THE COMMUNITY AND UNDERSTOOD HOW IMPORTANT IT WAS TO FIND ANOTHER ORGANIZATION TO TRANSFER THE PROGRAM AS ONE REEL PREPARED TO DISSOLVE ITS NON-PROFIT STATUS.PUBLICDISPLAY.ARTIN 2024, ONE REEL PUBLISHED THE FIRST TWO ISSUES OF PUBLICDISPLAY.ART. THE MARCH ISSUE CENTERED AROUND THE THEME "THE STATE OF THE ARTS" A LOCAL EXPLORATION OF HOW THE SEATTLE'S ARTS COMMUNITY WAS FARING IN A POST-PANDEMIC WORLD. IT INCLUDED IN-DEPTH ARTICLES WITH KING COUNTY'S EXECUTIVE DIRECTOR, DOW CONSTANTINE, AND THE CITY OF SEATTLE'S OFFICE OF ARTS AND CULTURE AND FEATURED THE RESULTS OF THE PUBLICATIONS RECENT LOCAL ARTIST SURVEY AND THE ARTS ORGANIZATION SURVEY. MANY IN THE COMMUNITY CITED THIS ISSUE TO BE INSTRUMENTAL IN SECURING ADDITIONAL FUNDING FOR THE ARTS THROUGH KING COUNTY AND THE CITY OF SEATTLE. OUR JUNE 2024 ISSUE'S THEME, "PRIDE ON PUBLIC DISPLAY", FOCUSED ON CELEBRATING LGBTQIA+ ARTISTS.ONE REEL PROVED TO BE SUCCESSFUL IN FINDING ANOTHER NON-PROFIT ORGANIZATION TO TRANSFER THE PROGRAM PUBLICDISPLAY.ART AND ITS COMPANION WEBSITE, ENSURING THE PUBLICATION WOULD CONTINUE TO BE PUBLISHED FOR ANOTHER THREE YEARS GUARANTEED.PRIDE ON PUBLIC DISPLAYIN ADDITION TO PUBLISHING A THEMED ISSUE THAT FOCUSED ON LGBTQIA+ LOCAL ARTISTS, ONE REEL WORKED WITH 6 SELECTED LGBTQIA+ ARTISTS TO CREATE A SERIES OF PRIDE THEMED POSTERS. THE ARTISTS WERE CELEBRATED IN A CEREMONY IN JUNE AND 6,000 COPIES OF THE POSTERS WERE PRINTED AND POSTED THROUGHOUT SEATTLE THROUGHOUT THE MONTH TO PROMOTE LGBTQIA+ VISIBILITY AND IN CELEBRATION OF PRIDE.TIE-IN EVENTSIN ADDITION TO PRIDE ON PUBLIC DISPLAY, ONE REEL WORKED WITH 10 LOCAL ARTISTS TO CREATE A PUBLIC INSTALLATION IN APRIL OF THEIR ART AND HOSTED AN ARTIST RECEPTION FOR THE PARTICIPATING ARTISTS.ADDITIONALLY, ONE REEL PARTNERED WITH THE CONRU ART FOUNDATION, THE NEWLY FORMED NON-PROFIT THAT WAS ESTABLISHED AS THE FUTURE PUBLISHERS OF PUBLICDISPLAY.ART, TO HOST AN EVENT FOR LOCAL CIVIC LEADERS AND ART NON-PROFITS TO NOTIFY THEM OF THE IMPORTANT CHANGES TO ONE REEL'S PROGRAMMING PLANS. AS SAD AS THE NEWS WAS THAT THE ONE REEL BOARD PREPARED TO FILE DOCUMENTS OF DISSOLUTION, THEY RECEIVED PRAISE FOR FINDING A NEW HOME FOR THEIR KEY PROGRAMMING INITIATIVE, PUBLICDISPLAY.ART.
    Expenses $52,946
  • BUMBERSHOOT POSTER SALES - IN 2024, ONE REEL CONTINUED ITS ONLINE SALE OF VINTAGE OFFICIAL BUMBERSHOOT FESTIVAL POSTERS. THE NEW PROMOTERS OF THE BUMBERSHOOT FESTIVAL ALSO PURCHASED THE SOCIAL MEDIA RIGHTS FROM ONE REEL.
    revenue $1,935

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7246862
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1975
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,940
Income (IRS master file)
$84,207

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$83,772$78,101$3,940XML
990-TDecember 2024–––IRS
990December 2023$156,288$174,181$7,347XML
990-TDecember 2023–––IRS
990December 2022$170,477$163,518$26,414IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7246862).

Questions about ONE REEL

What is the EIN of ONE REEL?
The employer identification number (EIN) of ONE REEL is 23-7246862.
Is ONE REEL tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
Are donations to ONE REEL tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ONE REEL file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ONE REEL due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ONE REEL last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ONE REEL?
The 990 for the year ended December 31, 2024 names ELISHEBA JOHNSON.
Who are the officers and directors of ONE REEL?
The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $7,842 (MARTIN GRISWOLD, EXECUTIVE DIRECTOR).
How much revenue does ONE REEL have?
On its 990 for the year ended December 31, 2024 it reported revenue of $83,772, expenses of $78,101 and total assets of $3,940 at year end.

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