One8 Foundation
- Assets
- $488.8m
- Revenue
- $32.3m
- Investments
- $471.3m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 12/1997
- Data as of
- 12/2020
- EIN
- 04-6836735
Organization Overview
One8 Foundation is located in Boston, MA. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. One8 Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, One8 Foundation generated $32.3m in total revenue. All expenses for the organization totaled $45.5m during the year ending 12/2020. While expenses have increased by 8.5% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, One8 Foundation has awarded 498 individual grants totaling $110,348,652. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
MASS STEM HUB IS A PROGRAM OF ONE8 FOUNDATION WITH THE MISSION TO PROVIDE SCHOOLS WITH DEEPLY SUPPORTED ACCESS TO HIGH QUALITY SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) IN SCHOOL PROGRAMMING THAT ENGAGES STUDENTS AND DEVELOPS 21ST CENTURY SKILLS. MASS STEM HUB PROVIDES SUPPORT AND TRAINING TO TEACHERS AND SCHOOLS AND CREATES AND MANAGES STUDENT STEM EVENTS FOR SCHOOLS IN THE COMMONWEALTH.
ONE8 MASSACHUSETTS WOMEN'S EXECUTIVE MISSION TO ISRAELA FUNDING ISSUE PRIORITY OF THE ONE8 FOUNDATION IS TO BUILD AN OBJECTIVE AND ROBUST UNDERSTANDING OF ISRAEL, ITS HISTORY, CULTURE, ECONOMY AND PEOPLE, AMONG EMERGING AND EXISTING LEADERS THROUGH EDUCATIONAL INITIATIVES, INCLUDING IMMERSIVE PROGRAMS RUN DIRECTLY BY THE FOUNDATION THAT INCLUDE IN-PERSON EDUCATIONAL PROGRAMMING IN ISRAEL. THE ONE8 MASSACHUSETTS WOMEN'S EXECUTIVE MISSION TO ISRAEL CULTIVATES A DEEP AND MEANINGFUL UNDERSTANDING OF ISRAEL. MISSION PARTICIPANTS ARE IMMERSED IN A PROGRAM THAT INCLUDES MEETING WITH AND LEARNING FROM A DIVERSE ARRAY OF ISRAELI LEADERS ACROSS MULTIPLE SECTORS AND ETHNICITIES THROUGHOUT THE TRIP, PROVIDING AN OPPORTUNITY FOR MEANINGFUL LEARNING EXPERIENCES AND A ROBUST EXCHANGE OF IDEAS AND APPROACHES TO CURRENT CHALLENGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathon Jacobson Trustee | 5 | $0 | |
Joanna Jacobson President & Trustee | 40 | $0 | |
Vanessa Lipschitz Vp, Education | 40 | $375,689 | |
Karyn Cohen Vp, Jewish Life & Is | 40 | $328,616 | |
Ashwin Rajendra Senior Portfolio Man | 40 | $232,398 | |
Anna Sikorsky Director, Operations | 36 | $203,231 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Highsage Ventures Llc | 12/30/22 | $3,297,678 |
Abt Associates Inc | 12/30/22 | $123,097 |
Sri International | 12/30/22 | $162,187 |
Isaacson Miller | 12/30/22 | $66,854 |
Ipsos Insight Llc | 12/30/22 | $71,775 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,000,000 |
| Interest on Savings | $1,274 |
| Dividends & Interest | $4,387,924 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,890,121 |
| Capital Gain Net Income | $14,818,289 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,279,319 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $2,272,722 |
| Pension plans, employee benefits | $456,409 |
| Interest | $816,104 |
| Taxes | $287,622 |
| Depreciation | $54,085 |
| Occupancy | $428,314 |
| Travel, conferences, and meetings | $103,016 |
| Printing and publications | $4,520 |
| Other expenses | $1,680,954 |
| Total operating and administrative expenses | $9,318,032 |
| Contributions, gifts, grants paid | $36,143,324 |
| Total expenses and disbursements | $45,461,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,061,561 |
| Savings and temporary cash investments | $13,859,766 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $453,178,493 |
| Net Land, buildings, and equipment | $321,699 |
| Other assets | $240,123 |
| Total assets | $488,764,350 |
| Accounts payable and accrued expenses | $19,594 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $19,594 |
Grants Awarded
Over the last fiscal year, One8 Foundation has awarded $40,764,188 in support to 171 organizations.
| Grant Recipient | Amount |
|---|---|
AJEEC-NISPED PURPOSE: GLOBAL | $50,000 |
A WIDER BRIDGE PURPOSE: COMMUNITY | $200,000 |
ALMA DEL MAR FOUNDATION INC PURPOSE: EDUCATION | $25,000 |
AMERICAN FRIENDS OF IDC PURPOSE: GLOBAL | $77,500 |
AMERICAN FRIENDS OF JORDAN RIVER VILLAGE FOUNDATION PURPOSE: GLOBAL | $10,000 |
AMERICAN FRIENDS OF MAOZ-SEAL INC PURPOSE: GLOBAL | $2,223,000 |