ONE REEL

EIN: 237246862 501(c)(3) Arts, Culture & Humanities

SEATTLE, WA

Total Revenue
$83,772
Total Expenses
$78,101
Total Assets
$3,940
Net Assets
$3,580
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
WA
Principal Officer
ELISHEBA JOHNSON
Phone
2066735060
Tax Period
2024-01-01 to 2024-12-31

ONE REEL, founded in 1973, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $84K in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $78K left a modest 7% surplus.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $52,946

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...

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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.

Program 2
Revenue: $1,935

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $68,885
Program Service Revenue $0
Investment Income $0
Other Revenue $14,887
TOTAL REVENUE $83,772

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,849
Fundraising Expenses $71
Program Expenses $52,946
Other Expenses $66,252
TOTAL EXPENSES $78,101

Year-over-Year Comparison

2024 2023 Change
Revenue $83,772 $156,288 -0.5%
Expenses $78,101 $174,181 -0.6%
Net Income $5,671 $-17,893 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
1
Volunteers
4

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$7,842
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELISHEBA JOHNSON PRESIDENT 1.00
Officer Director
$0 $0 $0
ALEX DAISLEY DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN CUGIER DIRECTOR 1.00
Director
$0 $0 $0
MARTIN GRISWOLD EXECUTIVE DIRECTOR 5.00
Officer
$7,842 $0 $7,842
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $83,772 $78,101 $3,940 $5,671
2023 $156,288 $174,181 $7,347 $-17,893
2022 $170,477 $163,518 $26,414 $6,959
2021 $70,344 $70,370 $9,293 $-26
2020 $76,776 $120,588 $18,253 $-43,812
2019 $252,426 $317,685 $54,739 $-65,259
2018 $243,990 $243,457 $152,697 $533
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