Onerace INC EIN 82-2545667 Form 990 (PDF) Claim this org

Onerace INC

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Unites churches to foster racial reconciliation and understanding. For fiscal year 2024 it reported $392K in revenue, $354K in expenses, and $147K in net assets.Pt I

Type
Religious organization · Religion
Location
Lawrenceville, GA
Website
oneracemovement.com
Filings
5 on file (2020–2024)
Revenue
$392KFY2024
Expenses
$354K
Net assets
$147K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  82-2545667 Religious organization Lawrenceville, GA
Form 990 (PDF)
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Size
$100K–1M
What they do
Unites churches to foster racial reconciliation and understanding.
Leadership
Joshua Clemons · CEO/Director · $105K
Money in and out
$392K revenue, $354K expenses
Bottom line
63% program efficiency
Where the money goes · FY2024
Total revenue
$392K
Pt VIII · Ln 12
Total expenses
$354K
Pt IX · Ln 25
Net assets
$147K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $37K
Where spending went · Part IX cols B–D
Program services $0.63 Management & general $0.27 Fundraising $0.10
Program efficiency
63%
of spending reaches programs-0.4% vs prior filing year
Operating runway
3.5mo
months of highly liquid reserves at operating expense rate▲ +40% vs prior filing year
Surplus margin
+10%
revenue over expenses, this year▲ +123% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$392K
FY2024▲ +38%
Expenses
$354K
FY2024▼ -12%
Total assets
$151K
FY2024▲ +35%
Total liabilities
$4K
FY2024▲ +79%
Total revenue
$392K
Pt VIII · Ln 12
Total expenses
$354K
Pt IX · Ln 25
Net assets
$147K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$37K
Total assetsPt X · Ln 16$151K
Program-expense ratioPt IX · col B63%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COnerace INC
EINHdr · item D82-2545667
Principal addressHdr · item CLawrenceville, GA
WebsiteHdr · item Joneracemovement.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X20)
Ruling yearIRS BMFNov 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b6
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
CEO/Director
$105,116Pt VII · Sec A
Co-Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Co-Chairperson
$0Pt VII · Sec A

Joshua Clemons’s $105K as CEO/Director is at the 91st percentile of top reported officer pay among 2136 $100K–1M religion 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Joshua Clemons$105,116$112,787$97,066$91,316$68,908
Hazen Stevens$28,693
Lakisha Clemons$16,693

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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Mission & Programs · Part III

Where the work happens

1 program service account for $225K of program spending, described in the organization's own filed words · FY2024.
01

In 2024, OneRace Movement continued its mission to equip pastors, ministry leaders, and communities for gospel-centered reconciliation and unity work. We engaged over 400 pastors and ministry leaders through our Reconciler Groups, trainings, and catalytic gatherings.

$225Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$392K
Investment income$42
Total revenueLn 12$392K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.63 Management & general $0.27 Fundraising $0.10
Program services63%$225K
Management & general27%$94K
Fundraising10%$35K
Total functional expensesLn 25$354K

Balance Sheet

Part X · end of year
CashLn 1$105K
Total assetsLn 16$151K
Total liabilitiesLn 26$4K
Total net assetsLn 32$147K
Months of cash on handcomputed3.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $105K · Operating expenses/yr $354K
3.5 months
Where the money goes
Program services
Program services $225K · Total expenses $354K
63%
Management & General
Management & general $94K · Total expenses $354K
27%
Fundraising
Fundraising $35K · Total expenses $354K
10%
Cost to raise $1
Fundraising expense (3-yr avg) $35K · Solicited contributions (3-yr avg) $390K
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $392K · Total revenue $392K
100%
Government reliance
Government grants — · Total revenue $392K
Earned-income share
Program service revenue $0 · Total revenue $392K
0%
Investment reliance
Investment income $42 · Total revenue $392K
+0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $354K
0%
Growth & trend
Revenue growth (YoY)
This year $392K · Prior year $284K
+38%
Revenue CAGR
FY2020 $592K · FY2024 $392K
-10%
Net-asset trend (YoY)
End of year $147K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $392K · Expenses $354K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $151K
Net-asset ratio
Net assets $147K · Total assets $151K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $151K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Joshua Clemons · Reported title CEO/Director · Highest reported compensation $105K · Total expenses $354K
30%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $225K · Total expenses $354K
64%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 63%
Overhead ratio 27%
Fundraising cost ratio 9%
Revenue growth 38%
Accounting fee ratio 1%

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$55K
Grants paid · 6 grants · $60K · 2021–2021
Connections Homes INCGA · FY2021$10,000
PawkidsFY2021$10,000
City Takers INCGA · FY2021$10,000
Peace Prepratory Academy INCGA · FY2021$10,000
And Campaign INCGA · FY2021$10,000

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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)$392K revenue · viewing · ⤓ 990 PDF
FY2023$284K revenue · ⤓ 990 PDF
FY2022$495K revenue · ⤓ 990 PDF
FY2021$516K revenue · ⤓ 990 PDF
FY2020$592K 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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