One Solution Foundation INC EIN 81-4030534

One Solution Foundation INC

EIN  81-4030534 Public charity (501(c)(3)) Chicag, IL
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Size
$100K–1M
What they do
Empowers youth in underserved communities with sustainable mental health leadership programs.
Leadership
Eirik Olsen · Executive Director · $74K
Money in and out
$490K revenue, $467K expenses
Bottom line
70% program efficiency

Empowers youth in underserved communities with sustainable mental health leadership programs. For fiscal year 2024 it reported $490K in revenue, $467K in expenses, and $63K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$490K
Pt VIII · Ln 12
Total expenses
$467K
Pt IX · Ln 25
Net assets
$63K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $23K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.26 Fundraising $0.04
Program efficiency
70%
of spending reaches programs▼ -9% vs prior filing year
Operating runway
0.9mo
months of highly liquid reserves at operating expense rate▲ +50% vs prior filing year
Surplus margin
+5%
revenue over expenses, this year▼ -42% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$490K
FY2024▲ +22%
Expenses
$467K
FY2024▲ +27%
Total assets
$75K
FY2024▲ +34%
Total liabilities
$12K
FY2024▲ +94%
Total revenue
$490K
Pt VIII · Ln 12
Total expenses
$467K
Pt IX · Ln 25
Net assets
$63K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$23K
Total assetsPt X · Ln 16$75K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $328K of program spending, described in the organization's own filed words · FY2024.
01

Mini Rebels for Peace An engaging, evidence based Social Emotional Learning (SEL) program led by our youth leaders 4th -8th graders in South Side Chicago schools. The program strengthens mental health, resilience, and problem-solving while reducing conflict and behavioral issues.

$197Kprogram expense
02

Rebels for Peace Youth Leaders A transformation leadership program for South Side Chicago youth ages 16-25 focused on improving mental health, building resilience, and developing mentoring skills In 2024, we employed 10 youth leaders in our paid summer internship, two continued as year-round facilitators, and others pursued college or…

$98Kprogram expense
03

Leadership from the Inside Out This program delivered resilience and mental health programs to professionals, athletes, nonprofit partners, and community members. We hosted three public events with over 150 participants total and three multi-day leadership retreats with changemakers who wanted to learn how to increase their impact.

$33Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COne Solution Foundation INC
EINHdr · item D81-4030534
Principal addressHdr · item CChicag, IL
WebsiteHdr · item Jrebelsforpeace.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99)
Ruling yearIRS BMFMar 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$73,834Pt VII · Sec A
Board Member
$48,860Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Eirik Olsen’s $74K as Executive Director is at the 66th percentile of top reported officer pay among 1616 $100K–1M 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 · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2020
Eirik Olsen$73,937$48,375
Eirik Olsen$73,834$61,004
Mara Gleason$48,860$49,453
Mara Gleason$34,224$42,575
Dajohn White$27,462
Dajohn White$11,774$13,490

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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Statement of Revenue

Part VIII
Contributions & grants$307K · 63%
Program service revenue$183K · 37%
Contributions & grants63%$307K
Program service revenue37%$183K
Total revenueLn 12$490K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.26 Fundraising $0.04
Program services70%$328K
Management & general26%$122K
Fundraising4%$16K
Total functional expensesLn 25$467K

Balance Sheet

Part X · end of year
CashLn 1$34K
Total assetsLn 16$75K
Total liabilitiesLn 26$12K
Total net assetsLn 32$63K
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $34K · Operating expenses/yr $467K
0.9 months
Where the money goes
Program services
Program services $328K · Total expenses $467K
70%
Management & General
Management & general $122K · Total expenses $467K
26%
Fundraising
Fundraising $16K · Total expenses $467K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $8K · Solicited contributions (3-yr avg) $251K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $307K · Total revenue $490K
63%
Government reliance
Government grants — · Total revenue $490K
Earned-income share
Program service revenue $183K · Total revenue $490K
37%
Investment reliance
Investment income $0 · Total revenue $490K
0%
Program self-sufficiency
Program service revenue $183K · Total expenses $467K
39%
Growth & trend
Revenue growth (YoY)
This year $490K · Prior year $400K
+22%
Revenue CAGR
FY2020 $192K · FY2024 $490K
+26%
Net-asset trend (YoY)
End of year $63K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $490K · Expenses $467K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $75K
Net-asset ratio
Net assets $63K · Total assets $75K
84%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $75K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Eirik Olsen · Reported title Executive Director · Highest reported compensation $74K · Total expenses $467K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $352K · Total expenses $467K
75%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 26%
Fundraising cost ratio 5%
Revenue growth 22%
Legal fee ratio 0%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$110K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$490K revenue · viewing · ⤓ 990 PDF
FY2023$400K revenue · ⤓ 990 PDF
FY2022$288K revenue · ⤓ 990 PDF
FY2021not on file
FY2020$192K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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