One Fair Wage Inc
- Assets
- $7.3m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 42
- Location
- Cambridge, MA
- Founding
- Data as of
- 12/2022
- EIN
- 85-0692228
Organization Overview
One Fair Wage Inc is located in Cambridge, MA. According to its NTEE Classification (R20) the organization is classified as: Civil Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2022, One Fair Wage Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. One Fair Wage 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 12/2022, One Fair Wage Inc generated $5.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (16.4%) each year. All expenses for the organization totaled $5.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (17.7%) per year over the past 3 years. 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
PROVIDING RELIEF TO THE POOR, DISTRESSED AND UNDERPRIVILEGED IMPROVING LABOR CONDITIONS AND PUBLIC HEALTH NATIONALLY PROMOTING THE PUBLIC GOOD THROUGH PROGRAMS THAT PROVIDE EDUCATIONAL, VOCATIONAL, AND SOCIAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
2022 SCALING OUR WORK IN A HISTORIC MOMENT WITH MILLIONS OF WORKERS LEAVING THE INDUSTRY AND THOUSANDS OF RESTAURANTS TRANSITIONING TO ONE FAIR WAGE AS A RESULT, THE POTENTIAL TO WIN ONE FAIR WAGE HAS GREATLY INCREASED. AS A RESULT, OUR SUPPORTERS HAVE ENCOURAGED US TO SCALE OUR CAMPAIGN TO MEET THIS HISTORIC MOMENT. FEBRUARY 2022, ONE FAIR WAGE ANNOUNCED A NEW CAMPAIGN TO MOVE BILLS AND BALLOT MEASURES TO RAISE WAGES AND END SUBMINIMUM WAGES IN 25 STATES BY THE UNITED STATES 250TH ANNIVERSARY 2026.IN MICHIGAN, STATE COURTS REVERSED A LEGISLATIVE ATTEMPT TO UNDERMINE A BALLOT MEASURE WE LED IN 2018 TO RAISE THE WAGE TO 12 AN HOUR FOR ALL WORKERS, INCLUDING TIPPED WORKERS WHO CURRENTLY RECEIVE JUST OVER 3 AN HOUR. THE MICHIGAN COURT OF CLAIMS DECLARED OUR INITIATIVES PROPOSAL TO BE THE LAW OF THE LAND, MAKING MICHIGAN THE EIGHTH STATE TO REQUIRE A FULL WAGE WITH TIPS ON TOP.
2022 SCALING OUR WORK IN A HISTORIC MOMENT WITH MILLIONS OF WORKERS LEAVING THE INDUSTRY AND THOUSANDS OF RESTAURANTS TRANSITIONING TO ONE FAIR WAGE AS A RESULT, THE POTENTIAL TO WIN ONE FAIR WAGE HAS GREATLY INCREASED. AS A RESULT, OUR SUPPORTERS HAVE ENCOURAGED US TO SCALE OUR CAMPAIGN TO MEET THIS HISTORIC MOMENT. FEBRUARY 2022, ONE FAIR WAGE ANNOUNCED A NEW CAMPAIGN TO MOVE BILLS AND BALLOT MEASURES TO RAISE WAGES AND END SUBMINIMUM WAGES IN 25 STATES BY THE UNITED STATES 250TH ANNIVERSARY 2026.IN MICHIGAN, STATE COURTS REVERSED A LEGISLATIVE ATTEMPT TO UNDERMINE A BALLOT MEASURE WE LED IN 2018 TO RAISE THE WAGE TO 12 AN HOUR FOR ALL WORKERS, INCLUDING TIPPED WORKERS WHO CURRENTLY RECEIVE JUST OVER 3 AN HOUR. THE MICHIGAN COURT OF CLAIMS DECLARED OUR INITIATIVES PROPOSAL TO BE THE LAW OF THE LAND, MAKING MICHIGAN THE EIGHTH STATE TO REQUIRE A FULL WAGE WITH TIPS ON TOP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Saru Jayaraman President Board Member | OfficerTrustee | 40 | $118,886 |
Fekkak Mamdouh Senior Director | Officer | 40 | $101,450 |
Jagadish Shukla Board Member | Trustee | 2 | $0 |
Xavier DE Souza Briggs Board Member | Trustee | 2 | $0 |
Evelia Perez Treasurer Board Member | OfficerTrustee | 2 | $0 |
Kathleen Rouse Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,610,586 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,610,586 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $5,639,169 |
| 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. | $220,336 |
| Compensation of current officers, directors, key employees. | $52,881 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,417,017 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $387,103 |
| Payroll taxes | $125,258 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,342 |
| Fees for services: Accounting | $30,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,992,644 |
| Advertising and promotion | $0 |
| Office expenses | $218,011 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,718 |
| Travel | $251,284 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $18,697 |
| Total functional expenses | $5,252,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,977,988 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,139,085 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $260,000 |
| 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 | $1,949,176 |
| Total assets | $7,326,249 |
| Accounts payable and accrued expenses | $165,194 |
| 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 | $0 |
| Total liabilities | $165,194 |
| Net assets without donor restrictions | $3,393,591 |
| Net assets with donor restrictions | $3,767,464 |
| 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 | $7,326,249 |