One Solution Foundation INC EIN 81-4030534

One Solution Foundation INC FY2022 filing

EIN  81-4030534 Public charity (501(c)(3)) Chicag, IL
Form 990 (PDF)
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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 Dir. · $74K
Money in and out
$288K revenue, $295K expenses
Bottom line
84% program efficiency

Empowers youth in underserved communities with sustainable mental health leadership programs. For fiscal year 2022 it reported $288K in revenue, $295K in expenses, and $44K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$288K
Pt VIII · Ln 12
Total expenses
$295K
Pt IX · Ln 25
Net assets
$44K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$7K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.16
Program efficiency
84%
of spending reaches programs
Operating runway
1.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$288K
FY2022▲ +50%
Expenses
$295K
FY2022
Total assets
$44K
FY2022
Total liabilities
$496
FY2022
Total revenue
$288K
Pt VIII · Ln 12
Total expenses
$295K
Pt IX · Ln 25
Net assets
$44K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$7K
Total assetsPt X · Ln 16$44K
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $248K of program spending, described in the organization's own filed words · FY2022.
01

Chicago Youth Project

We continued our rebels for peace program for youth in south side chicago. This is an ongoing program focusing on building mental health and resilience in underserved communities. We hosted annual summer leadership internship for 33 youth.

$146Kprogram expense
02

Accelerating Change Online Course

Continued online course designed to teach aspiring and current leaders of social, organizational and systemic change how to accelerate the rate, breadth and sustainability of change. It's a 8 week course with 40 instructional videos and live virtual interaction.

$54Kprogram expense
03

Resilience and Wellbeing Program

We delivered resilience and wellbeing program to 111 non-profit, civic, and educational leaders and 110 youth impacted by the criminal justice system.

$48Kprogram 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 1a6
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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 Dir.
$73,937Pt VII · Sec A
Secretary
$34,224Pt VII · Sec A
Director
$11,774Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$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$210K · 73%
Program service revenue$78K · 27%
Contributions & grants73%$210K
Program service revenue27%$78K
Total revenueLn 12$288K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.16
Program services84%$248K
Management & general16%$47K
Total functional expensesLn 25$295K

Balance Sheet

Part X · end of year
CashLn 1$44K
Total assetsLn 16$44K
Total liabilitiesLn 26$496
Total net assetsLn 32$44K
Months of cash on handcomputed1.8

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $44K · Operating expenses/yr $295K
1.8 months
Where the money goes
Program services
Program services $248K · Total expenses $295K
84%
Management & General
Management & general $47K · Total expenses $295K
16%
Fundraising
Fundraising $0 · Total expenses $295K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $210K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $210K · Total revenue $288K
73%
Government reliance
Government grants — · Total revenue $288K
Earned-income share
Program service revenue $78K · Total revenue $288K
27%
Investment reliance
Investment income $0 · Total revenue $288K
0%
Program self-sufficiency
Program service revenue $78K · Total expenses $295K
27%
Growth & trend
Revenue growth (YoY)
This year $288K · Prior year $192K
+50%
Net-asset trend (YoY)
End of year $44K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $288K · Expenses $295K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $44K
Net-asset ratio
Net assets $44K · Total assets $44K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $44K
0%
People & payroll
Highest Reported Total Compensation
Individual Eirik Olsen · Reported title Executive Dir. · Highest reported compensation $74K · Total expenses $295K
25%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $169K · Total expenses $295K
57%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 16%
Fundraising cost ratio 0%
Revenue growth 50%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%
Fundraising fee ratio 0%

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 · ⤓ 990 PDF
FY2023$400K revenue · ⤓ 990 PDF
FY2022$288K revenue · viewing · ⤓ 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) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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