2 The One Foundation
- Assets
- $2.0m
- Revenue
- $148.3k
- Investments
- $754.1k
- Employees
- 0
- Location
- Tempe, AZ
- Founding
- Data as of
- 12/2023
- EIN
- 87-1706165
Organization Overview
2 The One Foundation is located in Tempe, AZ. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 2 The One 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 12/2023, 2 The One Foundation generated $148.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (59.9%) each year. All expenses for the organization totaled $282.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
2 THE ONE FOUNDATION SEEKS TO ASSIST ORGANIZATIONS PROVIDING SAFE WATER, HOUSING TO LOW-INCOME FAMILIES, AND DISASTER RELIEF. DURING 2022, 1 SUCH CHARITY WAS GRANTED 107,113 FOR SUPPORT IN THEIR ENDEAVORS.
2 THE ONE FOUNDATION SEEKS TO ASSIST ORGANIZATIONS PROVIDING SAFE WATER, HOUSING TO LOW-INCOME FAMILIES, AND DISASTER RELIEF. DURING 2022, 1 SUCH CHARITY WAS GRANTED 10,000 FOR SUPPORT IN THEIR ENDEAVORS.
2 THE ONE FOUNDATION SEEKS TO ASSIST ORGANIZATIONS PROVIDING SAFE WATER, HOUSING TO LOW-INCOME FAMILIES, AND DISASTER RELIEF. DURING 2022, 1 SUCH CHARITY WAS GRANTED 5,000 FOR SUPPORT IN THEIR ENDEAVORS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joakim Soria President | 1 | $0 | |
Karla Soria Director | 1 | $0 | |
Fabiola Palazuelos Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $123,310 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,094 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,104 |
| Capital Gain Net Income | $40,952 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $148,300 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $112 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,119 |
| Printing and publications | $0 |
| Other expenses | $806 |
| Total operating and administrative expenses | $15,395 |
| Contributions, gifts, grants paid | $266,633 |
| Total expenses and disbursements | $282,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $370,242 |
| Savings and temporary cash investments | $893,026 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $754,117 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,017,385 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, 2 The One Foundation has awarded $122,113 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FUANCION REGINO PALAZUELOS AC PURPOSE: GENERAL SUPPORT | $107,113 |
1MISSION PURPOSE: GENERAL SUPPORT | $10,000 |
CRISIS AID INTERNATIONAL PURPOSE: GENERAL SUPPORT | $5,000 |