One8 Foundation
- Assets
- $488.8m
- Revenue
- $32.3m
- Investments
- $471.3m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 12/1997
- Data as of
- 12/2020
- EIN
- 04-6836735
Organization Overview
One8 Foundation is located in Boston, MA. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. One8 Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, One8 Foundation generated $32.3m in total revenue. All expenses for the organization totaled $45.5m during the year ending 12/2020. While expenses have increased by 8.5% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, One8 Foundation has awarded 327 individual grants totaling $69,584,464. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE GENERAL EXPLANATION ATTACHMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vanessa Lipschitz Director, Education | 40 | $357,992 | |
Karyn Cohen Dir., Jewish L&i | 40 | $288,484 | |
Katherine Skrivan Dir., Mass Stem Hub | 40 | $204,617 | |
Anna Sikorsky Dir., Ops. & Admin. | 36 | $202,211 | |
Ashwin Rajendra Sr. Portfolio Mgr. | 40 | $199,785 | |
Joanna Jacobson President And Trustee | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ipsos Insight Llc | 12/30/21 | $163,100 |
Lapovsky Consulting | 12/30/21 | $65,000 |
Casner & Edwards Llp | 12/30/21 | $65,434 |
Highsage Ventures Llc | 12/30/21 | $1,287,132 |
Beacon Hill Staffing Group Llc | 12/30/21 | $51,924 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,000,000 |
| Interest on Savings | $1,274 |
| Dividends & Interest | $4,387,924 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,890,121 |
| Capital Gain Net Income | $14,818,289 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,279,319 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $2,272,722 |
| Pension plans, employee benefits | $456,409 |
| Interest | $816,104 |
| Taxes | $287,622 |
| Depreciation | $54,085 |
| Occupancy | $428,314 |
| Travel, conferences, and meetings | $103,016 |
| Printing and publications | $4,520 |
| Other expenses | $1,680,954 |
| Total operating and administrative expenses | $9,318,032 |
| Contributions, gifts, grants paid | $36,143,324 |
| Total expenses and disbursements | $45,461,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,061,561 |
| Savings and temporary cash investments | $13,859,766 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $453,178,493 |
| Net Land, buildings, and equipment | $321,699 |
| Other assets | $240,123 |
| Total assets | $488,764,350 |
| Accounts payable and accrued expenses | $19,594 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $19,594 |
Grants Awarded
Over the last fiscal year, One8 Foundation has awarded $33,441,140 in support to 176 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: COMMUNITY | $3,000,000 |
COMBINED JEWISH PHILANTHROPIES DONOR ADVISED FUND PURPOSE: COMMUNITY | $3,000,000 |
YEAR UP INC PURPOSE: YOUTH DEVELOPMENT | $3,000,000 |
Irvine, CA PURPOSE: EDUCATION | $2,148,000 |
Washington, DC PURPOSE: GLOBAL | $2,000,000 |
COMBINED JEWISH PHILANTHROPIES PURPOSE: COMMUNITY | $1,500,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that One8 Foundation has recieved totaling $17,380.
| Awarding Organization | Amount |
|---|---|
New Venture Fund Washington, DC PURPOSE: ARTS, CULTURE, AND HUMANITIES | $17,380 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Zoom Foundation Greenwich, CT | $956,305,373 | $176,914,821 |
Fidelity Foundation Boston, MA | $2,530,107,332 | $803,389,715 |
Klarman Family Foundation Boston, MA | $754,784,032 | $145,872,662 |
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |