One-Five Foundation
- Assets
- $236.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Palatine, IL
- Founding
- 06/1990
- Data as of
- 06/2024
- EIN
- 36-3711199
Organization Overview
One-Five Foundation is located in Palatine, IL. The organization was established in 1990. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. One-Five 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 06/2024, One-Five Foundation generated $24.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $30.7k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
GRANTS TO SUPPORT SUPPLEMENTAL EDUCATIONAL PROGRAMS OF COMMUNITY CONSOLIDATED SCHOOL DISTRICT 15.110,000 RESIDENTS AND 12,000 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adriane Koenig Chair | 5 | $0 | |
Sara Poss Vice-Chairman | 5 | $0 | |
Valeria Acquarone Treasurer | 5 | $0 | |
Kerri Schlenker Secretary | 5 | $0 | |
Mary Zarr Trustee | 1 | $0 | |
Laurie Heinz Superintendent | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,300 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,821 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $16,450 |
| Other Revenue | $0 |
| Total Revenue | $24,571 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,200 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $13 |
| Other expenses | $2,394 |
| Total expenses | $30,674 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $236,335 |
| Other assets | $0 |
| Total assets | $236,335 |
| Total liabilities | $0 |
| Net assets or fund balances | $236,335 |