One Percent For Education
- Assets
- $36.8k
- Revenue
- $146.7k
- Investments
- $0.0
- Employees
- 1
- Location
- San Rafael, CA
- Founding
- 06/2017
- Data as of
- 06/2023
- EIN
- 47-4623112
Organization Overview
One Percent For Education is located in San Rafael, CA. The organization was established in 2017. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. One Percent For Education 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 06/2023, One Percent For Education generated $146.7k in total revenue. All expenses for the organization totaled $143.6k during the year ending 06/2023. While expenses have increased by 97.9% per year over the past 3 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
ONE PERCENT FOR EDUCATION FACILITATES SUPPORT FOR PROVEN, EDUCATIONALLY-FOCUSED NONPROFITS WORKING TOWARD EQUITY THROUGH PARTNERSHIPS WITH BUSINESSES, FOUNDATIONS, AND INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONE PERCENT FOR EDUCATION FACILITATES SUPPORT FOR PROVEN, EDUCATIONALLY-FOCUSED NONPROFITS WORKING TOWARD EQUITY THROUGH PARTNERSHIPS WITH BUSINESSES, FOUNDATIONS, AND INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Rosenberg Chairman Of The Board Of D | OfficerTrustee | 20 | $0 |
Alvin Gilmore Secretary | OfficerTrustee | 2 | $0 |
Michael P Murray CPA Acting Treasurer | OfficerTrustee | 1.5 | $0 |
Greg Knell Director | Trustee | 2 | $0 |
Ari Baruth Director | Trustee | 2 | $0 |
William Epstein Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $146,737 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,737 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $146,737 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,113 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $88,710 |
| Compensation of current officers, directors, key employees. | $13,306 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,220 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,151 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,594 |
| Office expenses | $394 |
| Information technology | $556 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $1,097 |
| Insurance | $445 |
| All other expenses | $1,221 |
| Total functional expenses | $143,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,263 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,850 |
| 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 | $3,563 |
| Net Land, buildings, and equipment | $14,124 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,800 |
| Accounts payable and accrued expenses | $2,075 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,075 |
| Net assets without donor restrictions | $34,725 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $36,800 |
Grants Awarded
Over the last fiscal year, One Percent For Education has awarded $18,113 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
STUDENTS RISING ABOVE PURPOSE: PROVIDE WORKING CAPITAL | $700 |
ACHIEVE KIDS PURPOSE: PROVIDE WORKING CAPITAL | $3,000 |
PARENTCHILD PURPOSE: PROVIDE WORKING CAPITAL | $3,000 |
MISSION GRADUATES PURPOSE: PROVIDE WORKING CAPITAL | $700 |
JUMPSTART FOR YOUNG CHILDREN INC PURPOSE: PROVIDE WORKING CAPITAL | $700 |
MINDFUL LIFE PROJECT PURPOSE: PROVIDE WORKING CAPITAL | $500 |