Type One Inc
- Assets
- $1.0m
- Revenue
- $151.2k
- Investments
- $0.0
- Employees
- 18
- Location
- Hingham, MA
- Founding
- 09/2018
- Data as of
- 01/2023
- EIN
- 46-1038817
Organization Overview
Type One Inc is located in Hingham, MA. The organization was established in 2018. As of 01/2023, Type One Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Type One Inc 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 01/2023, Type One Inc generated $151.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $182.5k during the year ending 01/2023. While expenses have increased by 15.5% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DIABETES EDUCATION AND RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIABETES RESEARCH AT FAUSTMAN CLINIC AT MASS GENERAL HOSPITAL
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $108,368 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $118,368 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,250 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,626 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $151,244 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,360 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $8,054 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,355 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,128 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,067 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $25,145 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $252 |
| Advertising and promotion | $7,370 |
| Office expenses | $19,287 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,134 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,348 |
| Insurance | $4,261 |
| All other expenses | $2,711 |
| Total functional expenses | $182,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,730 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $990,501 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,029,231 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $730,000 |
| Secured mortgages and notes payable | $239,576 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $969,576 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $59,655 |
| Total liabilities and net assets/fund balances | $1,029,231 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Type One Inc has recieved totaling $1,504.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $400 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $204 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $200 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $200 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $200 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $200 |
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Cedar Crest Village Llc Pompton Plains, NJ | $458,841,206 | $94,228,748 |
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Philadelphia Post-Acute Partnersllc Philadelphia, PA | $76,499,158 | $101,068,675 |
Urs Federal Support Services Inc Veba Trust Welfare Benefits Plan Boston, MA | $7,183,166 | $100,020,557 |
Connecticut Foodshare Inc Wallingford, CT | $64,587,641 | $98,816,890 |