Status and standing
Is it real, and can you give to it?
Where the money goes
What each dollar paid for.
Statement of Functional Expenses
Financial health
Is it on solid ground?
Summary of the Filing
| FY2020 | $278K |
|---|---|
| FY2021 | $368K |
| FY2022 | $370K |
| FY2023 | $332K |
| FY2024 | $347K |
| FY2024 | $1.3M |
| FY2020 | $5K |
|---|---|
| FY2021 | $9K |
| FY2022 | $13K |
| FY2023 | $16K |
| FY2024 | $9K |
| FY2024 | $202K |
Balance Sheet
Statement of Revenue
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 70% | — | — |
| Overhead ratio | 28% | — | — |
| Fundraising cost ratio | 4% | — | — |
| Revenue growth | 15% | — | — |
| Legal fee ratio | 2% | — | — |
| Accounting fee ratio | 2% | — | — |
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.
Leadership and pay
Who runs it, and what are they paid?
Officers, Directors & Key Employees
Patricia Letayf’s $84K as Executive Director is at the 12th percentile of top reported officer pay among 2832 $1–10M community development 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 · 4 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Alice Bosley | — | $90,000 | — | — | — | — |
| Patricia Letayf | $83,876 | — | $45,371 | $80,000 | $72,414 | $66,000 |
| Alice Bosley | $14,500 | — | $81,264 | $80,000 | $72,414 | $66,000 |
| Qasim Hasnain | — | $69,000 | — | — | — | — |
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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Governance & Policies
- 8Voting board membersPt VI · Ln 1a
- 5Independent board membersPt VI · Ln 1b
- Conflict-of-interest policyPt VI · Ln 12aYes
- Whistleblower policyPt VI · Ln 13Yes
- Document retention policyPt VI · Ln 14Yes
- Top official’s pay independently reviewedPt VI · Ln 15aYes
- Family or business ties among leadersPt VI · Ln 2No
Mission and programs
What it does.
Empowers entrepreneurs in conflict zones to build businesses and create positive change.
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Where the work happens
Entrepreneurship Support in Iraq
During five one labs' sixth year of operations in the kri, our organization continued to expand our impact with our first academic startup incubator in partnership with the american university of kurdistan in duhok, entrepreneurship summer programs across the country, ongoing investment facilitation and thought leadership work, and…
Empowering Colombian and Venezuelan Entrepreneurs in Colombia
Five one labs launched operations in barranquilla, colombia in october 2022 to support local and displaced venezuelan entrepreneurs to launch scalable, innovative businesses. We designed and implemented a variety of educational entrepreneurship programs with local partners, including collaborative workshops on design thinking and…
Creating more investment opportunities for entrepreneurs in iraq: five one invest creates more efficient deal-making opportunities for investors and increases access to capital for entrepreneurs as they scale throughout iraq. Invest uses knowledge-sharing, learning programs, and startup-investor facilitation to achieve this mission.
Academic Incubator (auk)
Duhok: a startup incubator program administered in collaboration with auk university in duhok which assisted more than 20 entrepreneurs up to its completion.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Filing history
Every return on file.
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2024 | $1.3M | $1.2M | -2% | 990 PDF |
| FY2023 Viewing | $1.3M | $1.3M | +15% | 990 PDF |
| FY2022 | $1.1M | $1.1M | -5% | 990 PDF |
| FY2021 | $1.2M | $1.1M | +59% | 990 PDF |
| FY2020 | $742K | $759K | 990 PDF |
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Schedules filed Part IV
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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Sources
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