One Million Degrees FY2020 filing

Tax-deductible

Chicago, IL501(c)(3)Since 2006EducationEIN 42-1710230Revenue $4.5M in FY2020

On file with the IRSonemilliondegrees.org180 N Wabash Ave Ste 415, 60601-3608 · Chicago, ILTax-exempt since Sep 2006Publicly supported charity — 170(b)(1)(A)(vi)

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To accelerate community college students' progress on career pathways to economic mobility

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
$155K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $3.0M a year · 32% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$155K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
33
named funders · $3.9M
Looks good: 33 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$642K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.5M
Spent
$4.1M
To programs
69%
Net assets
$5.0M
By yearFY2020–FY2025
Revenue
$4.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$4.5M
FY2021$4.9M
FY2022$5.2M
FY2023$26.2M
FY2024$7.2M
FY2025$8.4M
Expenses
$4.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$4.1M
FY2021$3.8M
FY2022$4.7M
FY2023$6.9M
FY2024$8.6M
FY2025$10.1M
Net assets
$5.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$5.0M
FY2021$6.1M
FY2022$6.3M
FY2023$25.5M
FY2024$24.2M
FY2025$22.9M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $2.8M Management & general 21% · $848K Fundraising 11% · $433K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

20 people listed on the 990; $155K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$155,095Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Aneesh Sohoni’s $308K as Chief Executive Officer is at the 96th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Aneesh Sohoni$307,847$302,373$258,661$38,301——
Joshua Hoen$233,493$200,014————
Rituparna Raichoudhuri$227,280—————
Wayne Knox$198,752—————
Luis Gonzales—$165,998$104,390———
Meridel Trimble—$137,070$164,406$115,841$104,770—
Puracarina Gonzalez—$155,979$108,244———
Paige Ponder———$150,975$146,270$155,095

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps community college students advance careers and achieve financial stability.

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Provided by the organization

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3 programs · $2.8M · in their own filed words · FY2019
01

Omd program staff regularly communicate with caseloads of roughly 60 scholars, becoming trusted advisors and advocates. Staff members encourage scholars to hold themselves accountable as they progress toward their goals by using motivational interviewing and regular performance evaluations that give scholars the opportunity to reflect on…

$1.8Mprogram expense
02

Tuition and Stipends

In fiscal year 2020, omd provided last-dollar scholarships (funding to cover any gaps between a scholar's financial aid award and tuition costs) and educational stipends to over 750 scholars. These stipends defray scholars' educational expenses such as books, technology, transportation, and childcare.

$807Kprogram expense
03

Student Development

In addition to these financial supports, omd scholar development model includes a robust set of academic, personal, and professional supports. In the 2019-2020 school year, omd provided over 1,700 hours of weekly individualized tutoring to scholars at all college course levels.

$237Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
A Better ChicagoFY2024$250K
Total grants receivedfrom 33 funders$3.9M
See all 33 funders →
Grants paid · 12 grants · $4.0M · 2019–2024
Unitemized GrantFY2024$522,532
Unitemized GrantFY2024$182,093
Unitemized GrantFY2023$466,433
Unitemized GrantFY2023$146,045
Unitemized GrantFY2022$507,313
Unitemized GrantFY2022$143,405
Unitemized GrantFY2021$507,525
Unitemized GrantFY2021$81,711
Unitemized GrantFY2020$525,070
Unitemized GrantFY2020$69,100
Unitemized GrantFY2019$658,580
Unitemized GrantFY2019$148,522

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$4.5M
Ln 12
Gifts and grantsLn 1h$4.4M
Investment incomeLn 3$72K
Money outPt IX
$4.1M
Ln 25
Programscol B$2.8M
Managementcol C$848K
Fundraisingcol D$433K
Owns and owesPt X
$5.0M
net assets · Ln 32
Cash and savingsLn 1–2$3.3M
Total assetsLn 16$5.6M
LiabilitiesLn 26$642K
PeoplePt VI, VII
20
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.4M
Government grantsLn 1e$429K
Noncash giftsLn 1g$5K
Fundraising eventsLn 1c$48K
Investment incomeLn 3$72K
Total revenueLn 12$4.5M
Assets in detailPt X, end of year
CashLn 1$3.2M
SavingsLn 2$36K
Cash and savings togetherLn 1–2$3.3M
InvestmentsLn 11–13$300K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$5.6M
LiabilitiesLn 26$642K
Net assetsLn 32$5.0M
OperationsPt I, VI
EmployeesI 593
VolunteersI 6600
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$377K$3.3M
InvestmentsLn 11–13$2.9M$300K
Land, buildings, equipmentLn 10c$1K$0
Total assetsLn 16$4.7M$5.6M
LiabilitiesLn 26$53K$642K
Net assetsLn 32$4.7M$5.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$807K$807K
Pay of current officers, directors and key staffLn 5$188K$38K$75K$75K
Other salaries and wagesLn 7$1.8M$1.4M$212K$198K
Pension plan contributionsLn 8$24K$19K$2K$2K
Other employee benefitsLn 9$154K$116K$20K$19K
Payroll taxesLn 10$146K$106K$21K$20K
Legal feesLn 11b$55K$55K
Accounting feesLn 11c$33K$33K
Investment management feesLn 11f$13K$13K
Other fees for servicesLn 11g$521K$97K$353K$71K
Advertising and promotionLn 12$16K$14K$2K
Office expensesLn 13$82K$46K$11K$26K
Information technologyLn 14$65K$54K$5K$6K
OccupancyLn 16$744$744
TravelLn 17$29K$16K$9K$5K
Conferences, conventions and meetingsLn 19$50K$13K$29K$7K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$24K$21K$2K$2K
Other expenses (24a–d)Ln 24$68K$61K$4K$3K
Total functional expensesLn 25$4.1M$2.8M$848K$433K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $8.4M$10.1M−$1.7M$22.9M 990 PDF
FY2024 $7.2M$8.6M−$1.4M$24.2M 990 PDF
FY2023 $26.2M$6.9M$19.2M$25.5M 990 PDF
FY2022 $5.2M$4.7M$434K$6.3M 990 PDF
FY2021 $4.9M$3.8M$1.1M$6.1M 990 PDF
FY2020 Viewing $4.5M$4.1M$345K$5.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $4,451,998 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,122,882$4,390,929
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $62,062$72,044
I-11 Other revenuePrior year −$166,148−$10,975
I-12 Total revenuePrior year $5,018,796$4,451,998
I-13 Grants and similar amounts paidPrior year $589,184$807,102
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,083,148$2,341,798
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $810,526$958,576
I-18 Total expensesPrior year $3,482,858$4,107,476
I-19 Revenue less expensesPrior year $1,535,938$344,522
Part VI · Governance 19 of 19 board members independent, 1 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,451,998 across 9 lines filed
VIII-1c Fundraising events$47,577
VIII-1e Government grants$429,338
VIII-1f All other contributions, gifts and grants$3,914,014
VIII-1g Noncash contributions (included above)$4,575
VIII-1h Total contributions, gifts and grants$4,390,929
VIII-3 Investment incomeExcluded from tax $72,044$72,044
VIII-8 Net income from fundraising eventsExcluded from tax −$13,471−$13,471
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,496$2,496
VIII-12 Total revenueRelated to mission $2,496 · Unrelated business $0 · Excluded from tax $58,573$4,451,998
Part IX · Statement of functional expenses $4,107,476 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $807,102$807,102
IX-5 Pay of current officers, directors and key staffPrograms $37,534 · Management $75,069 · Fundraising $75,069$187,672
IX-7 Other salaries and wagesPrograms $1,419,492 · Management $212,219 · Fundraising $198,003$1,829,714
IX-8 Pension plan contributionsPrograms $19,263 · Management $2,263 · Fundraising $2,067$23,593
IX-9 Other employee benefitsPrograms $116,066 · Management $19,754 · Fundraising $18,605$154,425
IX-10 Payroll taxesPrograms $106,182 · Management $20,625 · Fundraising $19,587$146,394
IX-11b Legal feesManagement $55,244$55,244
IX-11c Accounting feesManagement $33,283$33,283
IX-11f Investment management feesManagement $12,563$12,563
IX-11g Other fees for servicesPrograms $96,578 · Management $353,485 · Fundraising $70,741$520,804
IX-12 Advertising and promotionPrograms $13,725 · Management $2,316$16,041
IX-13 Office expensesPrograms $45,507 · Management $11,071 · Fundraising $25,510$82,088
IX-14 Information technologyPrograms $54,342 · Management $4,691 · Fundraising $6,125$65,158
IX-16 OccupancyManagement $744$744
IX-17 TravelPrograms $15,726 · Management $8,772 · Fundraising $4,636$29,134
IX-19 Conferences, conventions and meetingsPrograms $13,471 · Management $29,220 · Fundraising $7,156$49,847
IX-22 Depreciation, depletion and amortizationManagement $1,165$1,165
IX-23 InsurancePrograms $20,566 · Management $1,519 · Fundraising $1,983$24,068
IX-24 Other expenses (24a–d)Programs $60,882 · Management $4,248 · Fundraising $3,307$68,437
IX-25 Total functional expensesPrograms $2,826,436 · Management $848,251 · Fundraising $432,789$4,107,476
Part X · Balance sheet $5,648,739 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $340,226$3,227,418
X-2 Savings and temporary cash investmentsStart of year $36,361$36,416
X-3 Pledges and grants receivableStart of year $1,450,735$1,945,080
X-9 Prepaid expenses and deferred chargesStart of year $46,745$139,605
X-10c Land, buildings and equipment, netStart of year $1,165$0
X-11 Publicly traded securitiesStart of year $2,870,450$300,220
X-16 Total assetsStart of year $4,745,682$5,648,739
X-17 Accounts payable and accrued expensesStart of year $53,488$58,534
X-19 Deferred revenue$191,050
X-24 Unsecured notes and loans payable$392,834
X-26 Total liabilitiesStart of year $53,488$642,418
X-27 Net assets without donor restrictionsStart of year $2,877,050$2,933,489
X-28 Net assets with donor restrictionsStart of year $1,815,144$2,072,832
X-32 Total net assets or fund balancesStart of year $4,692,194$5,006,321
X-33 Total liabilities and net assetsStart of year $4,745,682$5,648,739
Part XI · Reconciliation of net assets $5,006,321 net assets at year end
XI-1 Total revenue$4,451,998
XI-2 Total expenses$4,107,476
XI-3 Revenue less expenses$344,522
XI-4 Net assets at start of year$4,692,194
XI-5 Net unrealized gains (losses) on investments−$30,394
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,006,321

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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