For One Child Foundation Inc is located in Worcester, MA. The organization was established in 2019. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. For One Child Foundation 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 06/2024, For One Child Foundation Inc generated $40.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $30.0k during the year ending 06/2024. While expenses have increased by 8.4% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
FOR ONE CHILD CONTINUES TO MAKE SIGNIFICANT STRIDES IN DELIVERING IMPACTFUL PROGRAMS TO IMPROVE EDUCATIONAL RESOURCES AND FOSTER COMMUNITY ENGAGEMENT. BELOW IS A SUMMARY OF THE ACCOMPLISHMENTS AND ASSOCIATED COSTS: IN-KIND DONATIONS: THROUGH A GENEROUS PARTNERSHIP WITH SHREWSBURY SCHOOLS, WE RECEIVED IN-KIND DONATIONS VALUED AT $6,977.00, WHICH INCLUDED MUCH-NEEDED CHAIRS AND DESKS FOR UNDERSERVED SCHOOLS. GOLF TOURNAMENT: THE ANNUAL GOLF TOURNAMENT, A CORNERSTONE FUNDRAISING EVENT, INCURRED EXPENSES OF $3,491.00. THIS EVENT NOT ONLY RAISED FUNDS BUT ALSO INCREASED COMMUNITY INVOLVEMENT AND AWARENESS OF OUR MISSION. WINTER WONDERLAND GALA: THE GALA, AN ESSENTIAL FUNDRAISER TO SUPPORT OUR PROGRAMS, HAD EXPENSES AMOUNTING TO $4,728.35. THE EVENT SUCCESSFULLY BROUGHT TOGETHER DONORS AND PARTNERS TO SUSTAIN OUR EDUCATIONAL INITIATIVES. STORAGE AND SHIPMENT OF IN-KIND DONATIONS: TO FACILITATE THE TRANSPORT OF EDUCATIONAL MATERIALS TO JAMAICA, STORAGE COSTS AMOUNTED TO $6,696.00, WITH AN ADDITIONAL $7,000.00 SPENT ON SHIPPING THE CONTAINER. CLEARING THE SHIPPING CONTAINER: UPON ARRIVAL IN JAMAICA, THE CONTAINER REQUIRED CLEARING COSTS OF $5,683.00 TO ENSURE SMOOTH DELIVERY OF THE EDUCATIONAL RESOURCES. DIRECT PURCHASE OF CHAIRS AND DESKS: A DIRECT INVESTMENT OF $1,000.00 WAS MADE TO SUPPLEMENT THE DONATIONS, ENSURING THAT STUDENTS HAVE ADEQUATE SEATING AND WORKSPACE. TOTAL COSTS OVERVIEW: THE TOTAL VALUE OF THE PROGRAM EXPENSES AND IN-KIND DONATIONS CONTRIBUTIONS IS $36,575.35, WHICH UNDERSCORES THE ORGANIZATION'S COMMITMENT TO PROVIDING RESOURCES AND OPPORTUNITIES TO NEEDY CHILDREN.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Racquel Knight Founder/board Member | 20 | $0 | |
Yanique Deans Executive Director | 20 | $0 | |
Kim Stone Board Member | 5 | $0 | |
Suzanne Longone Board Member | 5 | $0 | |
Melody Lee-Beach Board Member | 5 | $0 | |
Dr Sheri Ann Mclean Williams Board Member | 5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $16,673 |
Total Program Service Revenue | $23,855 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $40,528 |
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 | $21,902 |
Occupancy, rent, utilities, and maintenance | $6,696 |
Printing, publications, postage, and shipping | $1,392 |
Other expenses | $0 |
Total expenses | $29,990 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $25,029 |
Other assets | $0 |
Total assets | $25,029 |
Total liabilities | $0 |
Net assets or fund balances | $25,029 |