One Purpose School INC FY2020 filing

San Francisco, CAUnknown exempt organizationEIN 46-2936117Revenue $2.1M in FY2020

On file with the IRSonepurposeschool.orgPo Box 24509 · San Francisco, CA

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Break poverty cycle by preparing students from highest-poverty areas to go and graduate from college

67¢ of each $1 spent went to programs.
$120K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $224K a year · 21% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$120K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $39K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$145K
43% of total assets
Looks good: liabilities are 43% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
Spent
$2.4M
To programs
67%
Net assets
$191K
By yearFY2020–FY2021
Revenue
$2.1M
FY2020
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Revenue by fiscal year
FY2020$2.1M
FY2021$26K
Expenses
$2.4M
FY2020
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Expenses by fiscal year
FY2020$2.4M
FY2021$217K
Net assets
$191K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$191K
FY2021$0

From the FY2020 Form 990 (year ending June 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

Yes. Exemption reinstated (2015-11-15). Per the IRS revocation list. Latest filing on record: FY2021.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $1.6M Management & general 32% · $745K Fundraising 1% · $21K

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

4 people listed on the 990; $120K 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
Principal
$120,000Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See One Purpose School INC executive salaries →

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Prepares students from high-poverty areas to attend and graduate college, breaking the poverty cycle.

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Provided by the organization

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1 program · $1.6M · in their own filed words · FY2019
01

One purpose school is a public charter elementary school in san francisco's bayview neighborhood. One purpose will disrupt the cycle of poverty in san francisco's highest-poverty neighborhoods by preparing its students to go to, and graduate from, college.

$1.6Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2020
See all 6 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Gifts and grantsLn 1h$2.1M
Other incomeLn 4–11$31K
Investment incomeLn 3$14
Money outPt IX
$2.4M
Ln 25
Programscol B$1.6M
Managementcol C$745K
Fundraisingcol D$21K
Owns and owesPt X
$191K
net assets · Ln 32
Cash and savingsLn 1–2$27K
Total assetsLn 16$336K
LiabilitiesLn 26$145K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1M
Government grantsLn 1e$1.4M
Fundraising eventsLn 1c$289K
Investment incomeLn 3$14
Other incomeLn 4–11$31K
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$27K
Cash and savings togetherLn 1–2$27K
Total assetsLn 16$336K
LiabilitiesLn 26$145K
Net assetsLn 32$191K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
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$405K$27K
Total assetsLn 16$655K$336K
LiabilitiesLn 26$207K$145K
Net assetsLn 32$448K$191K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$142K$120K$21K
Other salaries and wagesLn 7$1.0M$770K$233K
Other employee benefitsLn 9$134K$106K$29K
Payroll taxesLn 10$23K$18K$5K
Management feesLn 11a$9K$9K
Legal feesLn 11b$12K$12K
Accounting feesLn 11c$22K$22K
Professional fundraising feesLn 11e$7K$7K
Other fees for servicesLn 11g$559K$452K$107K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$136K$12K$124K
Information technologyLn 14$49K$7K$42K
OccupancyLn 16$74K$56K$19K
TravelLn 17$2K$2K
InterestLn 20$295$295
InsuranceLn 23$20K$20K
Other expenses (24a–d)Ln 24$143K$49K$80K$14K
All other expensesLn 24e$18K$1K$17K
Total functional expensesLn 25$2.4M$1.6M$745K$21K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $26K$217K−$191K$0 990 PDF
FY2020 Viewing $2.1M$2.4M−$257K$191K 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 $2,099,375 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,571,866$2,068,505
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$14
I-11 Other revenuePrior year $17,335$30,856
I-12 Total revenuePrior year $2,589,201$2,099,375
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,296,240$1,302,036
I-16a Professional fundraising feesPrior year $55,000$7,000
I-17 Other expensesPrior year $1,333,345$1,046,856
I-18 Total expensesPrior year $2,684,585$2,355,892
I-19 Revenue less expensesPrior year −$95,384−$256,517
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
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 $2,099,375 across 8 lines filed
VIII-1c Fundraising events$288,730
VIII-1e Government grants$1,427,613
VIII-1f All other contributions, gifts and grants$352,162
VIII-1h Total contributions, gifts and grants$2,068,505
VIII-3 Investment incomeExcluded from tax $14$14
VIII-8 Net income from fundraising eventsExcluded from tax $16,781$16,781
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $14,075$14,075
VIII-12 Total revenueRelated to mission $14,075 · Unrelated business $0 · Excluded from tax $16,795$2,099,375
Part IX · Statement of functional expenses $2,355,892 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $120,374 · Management $21,243$141,617
IX-7 Other salaries and wagesPrograms $770,074 · Management $232,790$1,002,864
IX-9 Other employee benefitsPrograms $105,900 · Management $28,591$134,491
IX-10 Payroll taxesPrograms $18,194 · Management $4,870$23,064
IX-11a Management feesManagement $8,626$8,626
IX-11b Legal feesManagement $12,159$12,159
IX-11c Accounting feesManagement $22,357$22,357
IX-11e Professional fundraising feesFundraising $7,000$7,000
IX-11g Other fees for servicesPrograms $451,576 · Management $107,164$558,740
IX-12 Advertising and promotionManagement $2,486$2,486
IX-13 Office expensesPrograms $11,532 · Management $124,257$135,789
IX-14 Information technologyPrograms $6,566 · Management $42,201$48,767
IX-16 OccupancyPrograms $55,648 · Management $18,630$74,278
IX-17 TravelManagement $2,358$2,358
IX-20 InterestManagement $295$295
IX-23 InsuranceManagement $20,176$20,176
IX-24 Other expenses (24a–d)Programs $48,660 · Management $79,693 · Fundraising $14,459$142,812
IX-24e All other expensesPrograms $1,106 · Management $16,907$18,013
IX-25 Total functional expensesPrograms $1,589,630 · Management $744,803 · Fundraising $21,459$2,355,892
Part X · Balance sheet $336,387 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $404,744$26,951
X-3 Pledges and grants receivableStart of year $197,052$276,026
X-4 Accounts receivableStart of year $23,506$25,185
X-9 Prepaid expenses and deferred chargesStart of year $29,557$8,225
X-16 Total assetsStart of year $654,859$336,387
X-17 Accounts payable and accrued expensesStart of year $106,978$145,023
X-26 Total liabilitiesStart of year $206,978$145,023
X-27 Net assets without donor restrictionsStart of year $422,881$191,364
X-28 Net assets with donor restrictionsStart of year $25,000$0
X-32 Total net assets or fund balancesStart of year $447,881$191,364
X-33 Total liabilities and net assetsStart of year $654,859$336,387
Part XI · Reconciliation of net assets $191,364 net assets at year end
XI-1 Total revenue$2,099,375
XI-2 Total expenses$2,355,892
XI-3 Revenue less expenses−$256,517
XI-4 Net assets at start of year$447,881
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$191,364

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

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