1014 INC

EIN: 822491142 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$1,017,977
Total Expenses
$929,639
Total Assets
$166,492
Net Assets
$158,444
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NY
Principal Officer
KATJA WIESBROCK DONOVAN
Phone
3392148848
Tax Period
2024-01-01 to 2024-12-31

1014 INC, founded in 2017, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $930K left a modest 9% surplus.

Mission

THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO PROMOTE TRANSATLANTIC RELATIONS AND UNDERSTANDING BETWEEN THE UNITED STATES OF AMERICA AND GERMANY.

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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 $1,013,901
Program Service Revenue $0
Investment Income $0
Other Revenue $4,076
TOTAL REVENUE $1,017,977

Expense Breakdown

Grants Paid $0
Salaries & Benefits $500,848
Fundraising Expenses $0
Program Expenses $671,650
Other Expenses $428,791
TOTAL EXPENSES $929,639

Year-over-Year Comparison

2024 2023 Change
Revenue $1,017,977 $844,729 +0.2%
Expenses $929,639 $826,145 +0.1%
Net Income $88,338 $18,584 +3.8%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
7
Volunteers
8

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
3
$258,004
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREAS FIBIG CHAIR & PRESIDENT 5.00
Officer Director
$0 $0 $0
JAMES GERARD TREASURER 5.00
Officer Director
$0 $0 $0
CHRISTIAN ZUGEL DIRECTOR 2.00
Director
$0 $0 $0
KARL GEERCKEN DIRECTOR 2.00
Director
$0 $0 $0
RENATE KUROWSKI-CARDELLO DIRECTOR 2.00
Director
$0 $0 $0
RALF BESTE DIRECTOR 2.00
Director
$0 $0 $0
ULLA SCHMIDT HONORARY DIRECTOR 2.00
Director
$0 $0 $0
KATJA WIESBROCK DONOVAN EXECUTIVE DIRECTOR 40.00
Officer
$257,101 $903 $258,004
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 $1,017,977 $929,639 $166,492 $88,338
2023 $844,729 $826,145 $70,106 $18,584
2022 $784,016 $780,180 $56,797 $3,836
2021 $638,012 $621,056 $56,461 $16,956
2020 $545,530 $518,830 $44,933 $26,700
2019 $596,958 $601,715 $16,570 $-4,757
2018 $297,248 $288,462 $14,787 $8,786
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