Onegoal
- Assets
- $66.8m
- Revenue
- $46.5m
- Investments
- $0.0
- Employees
- 233
- Location
- Chicago, IL
- Founding
- 08/2003
- Data as of
- 06/2022
- EIN
- 56-2369898
Organization Overview
Onegoal is located in Chicago, IL. The organization was established in 2003. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2022, Onegoal employed 233 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Onegoal 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 06/2022, Onegoal generated $46.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.6% each year . All expenses for the organization totaled $25.0m during the year ending 06/2022. While expenses have increased by 18.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ONEGOAL IS A NATIONAL ENTERPRISE THAT WORKS TO CLOSE THE COLLEGE DEGREE DIVIDE BETWEEN STUDENTS FROM LOW-INCOME COMMUNITIES AND THEIR PEERS FROM HIGH-INCOME AREAS - WITHIN OUR LIFETIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONEGOAL IS A NATIONAL ENTERPRISE THAT WORKS TO CLOSE THE COLLEGE DEGREE DIVIDE BETWEEN STUDENTS FROM LOW-INCOME COMMUNITIES AND THEIR PEERS FROM HIGH-INCOME AREAS. WE PARTNER WITH HIGH SCHOOLS TO OFFER A UNIQUE, SCALABLE SOLUTION BUILT INTO THE SCHOOL DAY, TAUGHT BY GREAT EDUCATORS, AND PRIORITIZING YOUNG PEOPLE WHOSE COLLEGE PROSPECTS ARE LIMITED DUE TO SOCIOECONOMIC AND ACADEMIC BARRIERS. OUR THREE-YEAR MODEL BRIDGES THE CRITICAL TRANSITIONAL PERIOD FROM STUDENTS' JUNIOR YEAR OF HIGH SCHOOL THROUGH THEIR FIRST YEAR OF COLLEGE. OUR MODEL WORKS: 82% OF ONEGOAL HIGH SCHOOL GRADUATES ENROLLED IN COLLEGE AND 73% OF ONEGOAL FELLOWS ARE PERSISTING OR HAVE GRADUATED WITH A COLLEGE DEGREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Connelly CEO | OfficerTrustee | 40 | $249,067 |
Ashleigh Thompson Chief Regions Officer - Term | Officer | 40 | $205,285 |
Jelena Dobic Chief External Officer | Officer | 40 | $197,323 |
Amber Daniels Chief Operating Officer/secretary | Officer | 40 | $191,313 |
Larry Ruffin VP Of Finance And Operations - Term | Officer | 40 | $184,059 |
Lynnae Hill VP Of Human Assets | Officer | 40 | $176,573 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quarter Five Talent Acquisition Services | 6/29/22 | $185,980 |
Quadrant Law Group Llp Legal Services | 6/29/22 | $160,264 |
Vchief Llc Talent Acquisition And Admin Support | 6/29/22 | $158,827 |
Chantelle George Consulting Curriculum Design | 6/29/22 | $113,750 |
O Practice Llc Executive Coaching And Professional Deve | 6/29/22 | $127,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,337,016 |
| Related organizations | $0 |
| Government grants | $2,000,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,343,496 |
| Noncash contributions included in lines 1a–1f | $617,940 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,680,512 |
| Total Program Service Revenue | $2,821,745 |
| Investment income | $126,464 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$63,283 |
| Net Income from Fundraising Events | -$127,957 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,499,926 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,685,876 |
| Compensation of current officers, directors, key employees. | $631,514 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,913,403 |
| Pension plan accruals and contributions | $394,907 |
| Other employee benefits | $1,238,126 |
| Payroll taxes | $1,198,613 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $307,549 |
| Fees for services: Accounting | $67,503 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,384 |
| Fees for services: Other | $1,473,184 |
| Advertising and promotion | $128,849 |
| Office expenses | $724,541 |
| Information technology | $513,697 |
| Royalties | $0 |
| Occupancy | $570,438 |
| Travel | $228,372 |
| 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 | $61,955 |
| Insurance | $94,563 |
| All other expenses | $65,159 |
| Total functional expenses | $25,016,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,101,699 |
| Savings and temporary cash investments | $15,075,188 |
| Pledges and grants receivable | $11,096,745 |
| Accounts receivable, net | $1,276,653 |
| 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 | $252,323 |
| Net Land, buildings, and equipment | $248,201 |
| Investments—publicly traded securities | $6,775,333 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,735 |
| Total assets | $66,848,877 |
| Accounts payable and accrued expenses | $1,445,333 |
| Grants payable | $0 |
| Deferred revenue | $71,250 |
| 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 | $224,779 |
| Total liabilities | $1,741,362 |
| Net assets without donor restrictions | $52,951,525 |
| Net assets with donor restrictions | $12,155,990 |
| 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 | $66,848,877 |