One Life Foundation Inc
- Assets
- $13.3m
- Revenue
- $393.8k
- Investments
- $12.9m
- Employees
- 0
- Location
- Lexington, MA
- Founding
- 06/2008
- Data as of
- 10/2023
- EIN
- 26-1524748
Organization Overview
One Life Foundation Inc is located in Lexington, MA. The organization was established in 2008. 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. One Life Foundation Inc 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 10/2023, One Life Foundation Inc generated $393.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $2.4m during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, One Life Foundation Inc has awarded 32 individual grants totaling $8,339,297. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES THAT SUPPORT ONE LIFE FOUNDATION'S VISION TO BETTER ALL ASPECTS OF LIFE FOR EARTH DWELLERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Suri A Sastri President | 0 | $0 | |
Malini Sastri Secretary | 0 | $0 | |
Dr Suri A Sastri Director | 0 | $0 | |
Candace J Sastri Director | 0 | $0 | |
Rakhal Dev Sastri Treasurer | 0 | $0 | |
Rakhal Dev Sastri Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $368,397 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,381 |
| Capital Gain Net Income | $25,381 |
| Net ST Capital Gain | $475 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $393,778 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,078 |
| Depreciation | $1,152 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $559 |
| Total operating and administrative expenses | $8,789 |
| Contributions, gifts, grants paid | $2,351,001 |
| Total expenses and disbursements | $2,359,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $446,702 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,728 |
| Other assets | $0 |
| Total assets | $13,304,673 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, One Life Foundation Inc has awarded $2,341,650 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY CHARITABLE GIFT FUND PURPOSE: CHARITABLE PURPOSES | $300,000 |
FEED THE CHILDREN PURPOSE: CHARITABLE PURPOSES | $500 |
FIDELITY CHARITABLE GIFT FUND PURPOSE: CHARITABLE PURPOSES | $2,040,150 |
TECHNOSERVE INC PURPOSE: CHARITABLE PURPOSES | $200 |
MSPCA-ANGELL PURPOSE: CHARITABLE PURPOSES | $100 |
SMILE TRAIN INC PURPOSE: CHARITABLE PURPOSES | $500 |