One Bead Project
- Assets
- $446.7k
- Revenue
- $344.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Hudson, OH
- Founding
- 08/2012
- Data as of
- 06/2022
- EIN
- 45-3302084
Organization Overview
One Bead Project is located in Hudson, OH. The organization was established in 2012. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2022, One Bead Project employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. One Bead Project 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 06/2022, One Bead Project generated $344.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $356.1k during the year ending 06/2022. While expenses have increased by 23.5% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER CHILDREN WORLDWIDE BY PROVIDING MENTORSHIP, EDUCATION, AND ACCESS TO NEW OPPORTUNITIES THROUGH LEADERSHIP PROGRAMMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONE BEAD'S FIRST PROGRAM SERVICE IS CALLED THE LOCAL LEADER SPOTLIGHT SERIES. A LOCAL LEADER SPOTLIGHT IS A 30-MINUTE INTERVIEW FEATURING A BIPOC BUSINESS OWNER, CIVIC LEADER, AND/OR ENTREPRENEUR. INTERVIEWS TAKE PLACE WEEKLY ON ZOOM AND ARE CO-HOSTED BY STUDENTS. IN THE TAX YEAR FROM JULY 1, 2021 TO JUNE 30, 2022, ONE BEAD HOSTED 33 INTERVIEWS AND 295 STUDENTS PARTICIPATED IN AT LEAST ONE INTERVIEW. 65% OF STUDENTS PARTICIPATED IN THREE OR MORE INTERVIEWS.
ONE BEAD'S MAIN PROGRAM SERVICE IS CALLED THE LOCAL LEADER SPOTLIGHT (LLS) SERIES. EACH LLS IS A 30-MINUTE INTERVIEW FEATURING AN ENTREPRENEUR, INNOVATOR, AND/OR LEADER IN THE COMMUNITY. THE VIRTUAL SERIES INSPIRES CONVERSATIONS ABOUT EQUITY, LEADERSHIP, AND IDENTITY, WHILE ALSO GIVING STUDENTS THE OPPORTUNITY TO SEE THEMSELVES REPRESENTED IN POSITIONS OF POWER. IN THE TAX YEAR FROM JULY 1, 2021 TO JUNE 30, 2022, ONE BEAD HOSTED 33 LLS INTERVIEWS AND 295 STUDENTS PARTICIPATED IN AT LEAST ONE INTERVIEW. ONE BEAD'S SECOND PROGRAM SERVICE IS CALLED THE ONE BEAD PROGRAM (OBP). THIS SEMESTER-LONG ENRICHMENT PROGRAM IS TYPICALLY FRAMED AS A DEEP DIVE INTO SOCIAL ENTREPRENEURSHIP. DURING THE PROGRAM, STUDENTS USE THEIR VOICES TO ADVOCATE FOR CHANGE IN THE COMMUNITY. IN THE TAX YEAR FROM JULY 1, 2021 TO JUNE 30, 2022, ONE BEAD COMPLETED 9 OBP WITH 158 STUDENTS. FORM 990, PART IX, LINE 22 - PROGRAM SERVICES AMORTIZATION - 70 TOTAL 70
ONE BEAD'S SECOND PROGRAM SERVICE IS CALLED THE ONE BEAD PROGRAM. THIS PROGRAM IS FOR STUDENTS WHO PARTICIPATED IN THE LOCAL LEADER SPOTLIGHT SERIES AND WANT TO TAKE THEIR LEADERSHIP SKILL-BUILDING A STEP FURTHER. DURING THE PROGRAM, STUDENTS LEARN HOW TO COMMUNICATE WITH CONFIDENCE. AT THE END OF THE PROGRAM, STUDENTS HAVE THE OPPORTUNITY TO PRESENT IN FRONT OF AN AUDIENCE. IN THE TAX YEAR FROM JULY 1, 2021 TO JUNE 30, 2022, ONE BEAD RAN 9 PROGRAMS WITH A TOTAL OF 158 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Wroblewski President | Officer | 60 | $60,000 |
Madeline Finn Chair | Officer | $0 | |
Sydney Gomez Secretary | Officer | $0 | |
Ian Martins Vice Chair | Officer | $0 | |
Dahiana Duarte Pena Treasurer | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $286,715 |
| Investment income | $36 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $344,120 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $160,303 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,347 |
| Payroll taxes | $19,754 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,395 |
| Fees for services: Accounting | $2,077 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,452 |
| Advertising and promotion | $1,849 |
| Office expenses | $37,766 |
| Information technology | $844 |
| Royalties | $0 |
| Occupancy | $19,460 |
| Travel | $4,103 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,340 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70 |
| Insurance | $5,366 |
| All other expenses | $0 |
| Total functional expenses | $356,126 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $384,411 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $352 |
| Other assets | $61,979 |
| Total assets | $446,742 |
| Accounts payable and accrued expenses | $10,595 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $965 |
| Total liabilities | $11,560 |
| Net assets without donor restrictions | $435,182 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $435,182 |