One Wake EIN 82-3718275

One Wake

EIN  82-3718275 Public charity (501(c)(3)) Durham, NC Founded 2018
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Unites diverse community members to address local needs and advocate for social justice.
Leadership
Stephon Whitley · Executive Director · $85K
Money in and out
$321K revenue, $259K expenses
Bottom line
83% program efficiency

Unites diverse community members to address local needs and advocate for social justice. For fiscal year 2025 it reported $321K in revenue, $259K in expenses, and $331K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$321K
Pt VIII · Ln 12
Total expenses
$259K
Pt IX · Ln 25
Net assets
$331K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $62K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.17
Program efficiency
83%
of spending reaches programs▼ -6% vs prior filing year
Operating runway
13.7mo
months of highly liquid reserves at operating expense rate▲ +93% vs prior filing year
Surplus margin
+19%
revenue over expenses, this year▲ +446% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$321K
FY2025▼ -21%
Expenses
$259K
FY2025▼ -40%
Total assets
$355K
FY2025▲ +33%
Total liabilities
$24K
FY2025▲ +2%
Total revenue
$321K
Pt VIII · Ln 12
Total expenses
$259K
Pt IX · Ln 25
Net assets
$331K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$62K
Total assetsPt X · Ln 16$355K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

1 program service account for $214K of program spending, described in the organization's own filed words · FY2025.
01

Leadership Development

The core activity in the strategic planning process aimed at determining how participants can enhance the quality of life for residents of wake county by working together

$214Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COne Wake
EINHdr · item D82-3718275
Principal addressHdr · item CDurham, NC
WebsiteHdr · item Jwww.onewake.org
Year of formationHdr · item L2018
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S20)
Ruling yearIRS BMFMay 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$84,936Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Stephon Whitley’s $85K as Executive Director is at the 61st percentile of top reported officer pay among 1711 $100K–1M 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Devin Ross$84,936$80,896$96,700$70,000
Stephon Whitley$84,936
Devin Ross$50,186

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$262K · 82%
Program service revenue$55K · 17%
Other revenue$3K · 1%
Contributions & grants82%$262K
Program service revenue17%$55K
Other revenue1%$3K
Investment income$736
Total revenueLn 12$321K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.17
Program services83%$214K
Management & general17%$45K
Total functional expensesLn 25$259K

Balance Sheet

Part X · end of year
CashLn 1$294K
Total assetsLn 16$355K
Total liabilitiesLn 26$24K
Total net assetsLn 32$331K
Months of cash on handcomputed13.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $294K · Operating expenses/yr $259K
13.7 months
Where the money goes
Program services
Program services $214K · Total expenses $259K
83%
Management & General
Management & general $45K · Total expenses $259K
17%
Fundraising
Fundraising $0 · Total expenses $259K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $321K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $262K · Total revenue $321K
82%
Government reliance
Government grants — · Total revenue $321K
Earned-income share
Program service revenue $55K · Total revenue $321K
17%
Investment reliance
Investment income $736 · Total revenue $321K
+0.2%
Program self-sufficiency
Program service revenue $55K · Total expenses $259K
21%
Growth & trend
Revenue growth (YoY)
This year $321K · Prior year $407K
-21%
Revenue CAGR
FY2018 $65K · FY2025 $321K
+26%
Net-asset trend (YoY)
End of year $331K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $321K · Expenses $259K
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $355K
Net-asset ratio
Net assets $331K · Total assets $355K
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $355K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Stephon Whitley · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $85K · Total expenses $259K
33%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $145K · Total expenses $259K
56%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 17%
Revenue growth -21%

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 · FY2025
Total grants receivedfrom 2 funders$71K
Grants paid · 1 grant · $30K · 2020–2020

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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
FY2025 (Latest)$321K revenue · viewing · ⤓ 990 PDF
FY2024$407K revenue · ⤓ 990 PDF
FY2023$345K revenue · ⤓ 990 PDF
FY2022$371K revenue · ⤓ 990 PDF
FY2021$248K revenue · ⤓ 990 PDF
FY2020$529K revenue · ⤓ 990 PDF
FY2019$61K revenue · ⤓ 990 PDF
FY2018$65K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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