Onecompassion EIN 82-4471737

Onecompassion FY2022 filing

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Develops people to build up the local community through compassionate action. For fiscal year 2022 it reported $444K in revenue, $319K in expenses, and $324K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Clayton, NC
Website
onecompassion.com
Filings
5 on file (2020–2022)
Revenue
$444KFY2022
Expenses
$319K
Net assets
$324K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  82-4471737 Public foundation / grantmaker Clayton, NC
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Develops people to build up the local community through compassionate action.
Leadership
Reid Smith · President
Money in and out
$444K revenue, $319K expenses
Bottom line
81% program efficiency
Grants paid & assets · FY2022
Total revenue
$444K
Pt VIII · Ln 12
Total expenses
$319K
Pt IX · Ln 25
Net assets
$324K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $124K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.12 Fundraising $0.07
Program efficiency
81%
of spending reaches programs
Operating runway
18.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+28%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$444K
FY2022▲ +154%
Expenses
$319K
FY2022▲ +221%
Total assets
$335K
FY2022▲ +55%
Total liabilities
$11K
FY2022▼ -31%
Total revenue
$444K
Pt VIII · Ln 12
Total expenses
$319K
Pt IX · Ln 25
Net assets
$324K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$124K
Total assetsPt X · Ln 16$335K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

1 program service account for $259K of program spending, described in the organization's own filed words · FY2022.
01

Onecompassion strives to provide impactful services to the community through outreach and support based on the organization's mission.

$259Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COnecompassion
EINHdr · item D82-4471737
Principal addressHdr · item CClayton, NC
WebsiteHdr · item Jonecompassion.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFOct 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1b2
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants101%$449K
Total revenueLn 12$444K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.12 Fundraising $0.07
Program services81%$259K
Management & general12%$39K
Fundraising7%$22K
Total functional expensesLn 25$319K

Balance Sheet

Part X · end of year
CashLn 1$327K
Total assetsLn 16$335K
Total liabilitiesLn 26$11K
Total net assetsLn 32$324K
Months of cash on handcomputed12.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $327K · Operating expenses (Pt IX) $319K · Less non-cash grants $107K · Cash operating expenses/yr $213K
18.5 months
Where the money goes
Program services
Program services $259K · Total expenses $319K
81%
Management & General
Management & general $39K · Total expenses $319K
12%
Fundraising
Fundraising $22K · Total expenses $319K
7%
Cost to raise $1
Fundraising expense (2-yr avg) $14K · Solicited contributions (2-yr avg) $317K
$0.05 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $449K · Total revenue $444K
101%
Government reliance
Government grants — · Total revenue $444K
Earned-income share
Program service revenue $0 · Total revenue $444K
0%
Investment reliance
Investment income $0 · Total revenue $444K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $319K
0%
Growth & trend
Revenue growth (YoY)
This year $444K · Prior year $174K
+154%
Net-asset trend (YoY)
End of year $324K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $444K · Expenses $319K
+28%
Liabilities-to-Assets
Total liabilities — · Total assets $335K
Net-asset ratio
Net assets $324K · Total assets $335K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $335K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Reid Smith · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $319K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $79K · Total expenses $319K
25%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 12%
Fundraising cost ratio 5%
Revenue growth 154%
Accounting fee ratio 0.3%

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$12K

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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)$775K revenue · ⤓ 990 PDF
FY2023$605K revenue · ⤓ 990 PDF
FY2022$444K revenue · viewing · ⤓ 990 PDF
FY2021$174K revenue · ⤓ 990 PDF
FY2020$52K 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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