Oneten Coalition Inc
- Assets
- $105.7m
- Revenue
- $22.5m
- Investments
- $20.0m
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- Data as of
- 12/2021
- EIN
- 86-1528485
Organization Overview
Oneten Coalition Inc is located in Norfolk, VA. According to its NTEE Classification (R05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oneten Coalition Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ONETEN'S MISSION IS TO FACILITATE THE HIRING, PROMOTION AND ADVANCEMENT OF ONE MILLION BLACK INDIVIDUALS WHO DO NOT HAVE A FOUR-YEAR DEGREE INTO FAMILY-SUSTAINING CAREERS OVER THE NEXT TEN YEARS. WE TAKE A SKILLS-FIRST APPROACH, FOCUSING ON COMPETENCIES, IN AN AIM TO CLOSE THE OPPORTUNITY GAP AND IGNITE POTENTIAL FOR GENERATIONS TO COME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONETEN AIMS TO CLOSE THE OPPORTUNITY GAP FOR BLACK TALENT IN AMERICA. TOGETHER, WE CREATE OPPORTUNITIES TO EARN SUCCESS AND IGNITE POTENTIAL FOR GENERATIONS TO COME. DURING 2021, THE ACTIVITIES OF ONETEN WERE CARRIED OUT AS A PROJECT OF THE TIDES CENTER AS FISCAL AGENT. SINCE 1/1/2022, THE ACTIVITIES OF ONETEN HAVE BEEN CARRIED OUT DIRECTLY BY ONETEN COALITION, INC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Frazier President | OfficerTrustee | 5 | $0 |
Maurice Jones Chief Executive/director | OfficerTrustee | 5 | $0 |
Virginia Rometty Secretary | OfficerTrustee | 5 | $0 |
Charles Phillips Jr Treasurer | OfficerTrustee | 5 | $0 |
Ed Bastian Director (as Of 11/2/21) | Trustee | 5 | $0 |
Greg Case Director (as Of 11/2/21) | Trustee | 5 | $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 | $22,475,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,475,000 |
| Total Program Service Revenue | $0 |
| Investment income | $267 |
| 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 | $22,475,267 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,210 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $126,411 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $9 |
| Total functional expenses | $128,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,975,258 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $35,874,943 |
| Accounts receivable, net | $442 |
| 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 | $19,999,461 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,858,131 |
| Total assets | $105,708,235 |
| Accounts payable and accrued expenses | $3,240,425 |
| 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 | $3,240,425 |
| Net assets without donor restrictions | $63,948,521 |
| Net assets with donor restrictions | $38,519,289 |
| 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 | $105,708,235 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Oneten Coalition Inc has recieved totaling $11,700,000.
| Awarding Organization | Amount |
|---|---|
Tides Center San Francisco, CA PURPOSE: EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT | $10,200,000 |
Ingersoll-Rand Charitable Foundation Davidson, NC PURPOSE: TO HIRE PROMOTE AND ADVANCE ONE MILLION BLACK INDIVIDUALS WHO DO NOT HAVE A FOUR-YEAR DEGREE INTO FAMILY-SUSTAINING CAREERS OVER THE NEXT TEN YEARS | $1,500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For American Progress Washington, DC | $72,328,871 | $50,471,917 |
Protect Democracy Project Washington, DC | $49,196,682 | $34,042,265 |
Third Way Institute Washington, DC | $31,398,339 | $13,168,631 |
Our Generation Inc Washington, DC | $520,964 | $10,281,358 |
Migration Policy Institute Washington, DC | $8,191,422 | $5,441,151 |
American Oversight Inc Washington, DC | $3,531,984 | $4,908,115 |
American Compass Inc Washington, DC | $1,285,116 | $1,789,364 |
The Womens Law Center Of Maryland Inc Towson, MD | $1,303,784 | $1,351,361 |
Phoenix Center For Advanced Legal & Economic Public Policy Studies Inc Washington, DC | $444,235 | $936,234 |
Progressives For Immigration Reform Washington, DC | $689,071 | $894,879 |
Sunwater Institute Rockville, MD | $127,358 | $96,181 |
Center For Countering Digital Hate Washington, DC | $860,457 | $1,471,247 |