One Wake
- Assets
- $316.1k
- Revenue
- $344.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Durham, NC
- Founding
- Data as of
- 12/2023
- EIN
- 82-3718275
Organization Overview
One Wake is located in Durham, NC. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, One Wake employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. One Wake 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 12/2023, One Wake generated $344.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 32.1% each year . All expenses for the organization totaled $385.9k during the year ending 12/2023. While expenses have increased by 35.1% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ONE WAKE'S PURPOSE IS TO BUILD RELATIONSHIPS ACROSS THE WAKE COUNTY NORTH CAROLINA AREA, TO IDENTIFY COMMUNITY CONCERNS AND OR NEEDS, AND TO WORK TOGETHER AS A UNITED POWER FOR HUMAN DIGNITY, SOCIAL JUSTICE, AND THE GREATER GOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Mycal Brickhouse Board Member | Trustee | 1 | $0 |
Nancy Dilger Board Member | Trustee | 1 | $0 |
Rev Wesley Spears-Newsome Board Member | Trustee | 1 | $0 |
Rev Royce Hathcock Board Member | Trustee | 1 | $0 |
Rev Javier Almendarez Bautista Board Member | Trustee | 1 | $0 |
Ann Carlson Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $179,101 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $164,863 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $343,964 |
| Total Program Service Revenue | $0 |
| Investment income | $769 |
| 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 | $344,733 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $103,585 |
| Compensation of current officers, directors, key employees. | $20,717 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,336 |
| Pension plan accruals and contributions | $10,401 |
| Other employee benefits | $11,632 |
| Payroll taxes | $11,493 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,013 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,538 |
| Advertising and promotion | $0 |
| Office expenses | $15,010 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,500 |
| Travel | $16,100 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,508 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,055 |
| All other expenses | $0 |
| Total functional expenses | $385,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,469 |
| Savings and temporary cash investments | $81,761 |
| Pledges and grants receivable | $31,000 |
| Accounts receivable, net | $23,969 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,862 |
| Total assets | $316,061 |
| Accounts payable and accrued expenses | $46,367 |
| Grants payable | $0 |
| Deferred revenue | $3,000 |
| 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 | $0 |
| Total liabilities | $49,367 |
| Net assets without donor restrictions | $236,694 |
| Net assets with donor restrictions | $30,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $316,061 |