Civic Intelligence

Five One Labs Inc.

990 • Fiscal year 2018 • EIN 82-1623382

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 26, 2018

Organization Profilefiveonelabs.org
315 Radnor Chester RoadVillanova, PA 19085

(610) 400-4088

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

53rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • NTEE S41 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

53rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • NTEE S41 • <$500k nonprofits • Source year 2018

Net Margin

65th percentile

10%

Higher net margin than 65% of similar nonprofits.

2018 filings • NTEE S41 • <$500k nonprofits • Source year 2018

Top Officer Pay

87th percentile

$29,000

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 15.9% of source-year revenue.

2018 filings • NTEE S41 • <$500k nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Balance Sheet
Liabilities / Assets53rd percentile

Assets

$25,538

No earlier filing loaded for comparison.

Net Assets

$25,538

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin65th percentile

Revenue

$182,825

No earlier filing loaded for comparison.

Expenses

$164,186

No earlier filing loaded for comparison.

Net Income

$18,639

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0-$100KAssets 2018: $25,538Liabilities 2018: $0Net Assets 2018: $25,5382018Assets 2019: $284,151Liabilities 2019: -$5,307Net Assets 2019: $289,4582019Assets 2020: $278,058Liabilities 2020: $5,363Net Assets 2020: $272,6952020Assets 2021: $367,900Liabilities 2021: $8,584Net Assets 2021: $359,3162021Assets 2022: $370,442Liabilities 2022: $12,956Net Assets 2022: $357,4862022Assets 2023: $332,135Liabilities 2023: $16,288Net Assets 2023: $315,8472023Assets 2024: $347,441Liabilities 2024: $9,129Net Assets 2024: $338,3122024

Highlighted filing

2018

Assets$25,538
Liabilities$0
Net Assets$25,538
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2018: $182,825Expenses 2018: $164,186Net Income 2018: $18,6392018Revenue 2019: $688,900Expenses 2019: $416,055Net Income 2019: $272,8452019Revenue 2020: $741,850Expenses 2020: $759,088Net Income 2020: -$17,2382020Revenue 2021: $1,178,234Expenses 2021: $1,091,260Net Income 2021: $86,9742021Revenue 2022: $1,119,447Expenses 2022: $1,121,277Net Income 2022: -$1,8302022Revenue 2023: $1,284,227Expenses 2023: $1,325,867Net Income 2023: -$41,6402023Revenue 2024: $1,262,924Expenses 2024: $1,242,045Net Income 2024: $20,8792024

Highlighted filing

2018

Revenue$182,825
Expenses$164,186
Net Income$18,639
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 26, 2018
Return Version
2017v2.2
Gross Receipts
$182,825
Mission and Program Overview

Mission

Five one labs is a startup incubator in the kurdistan region of iraq that helps displaced and conflict-affected entrepreneurs start and grow their business.

Five one labs is a startup incubator in the kurdistan region of iraq that helps displaced and conflict-affected entrepreneurs start and grow their businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds-$25,538-
Cash and Non-Interest-Bearing Accounts-$15,688-
Total Assets$0$25,538▲ $25,538
Other Assets Total-$9,850-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$25,538▲ $25,538
Total Liabilities and Net Assets / Fund Balance$0$25,538▲ $25,538

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$9,850--
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Patricia LetayfDirector of OperationsFT$29,000$29,000
Alice BosleyExecutive DirectorFT$12,300$12,300

Board Members and Trustees

NameTitle
Sophia BurtonSecretary of Corporation
Revenue and Support

Revenue Composition

Contributions and Grants
$181,500
Program Service Revenue
$1,325
Investment Income
$0
Other Revenue
$0
All Other Contributions
$151,859
Change in Net Assets
$18,639
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$91,042
Salaries, Compensation, and Employee Benefits$48,910
Grants and Similar Amounts Paid$24,234
Total Fundraising Expense$9,928
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees$46,615$0$0$46,615
Current Officers, Directors, Trustees, and Key Employees$30,975$6,195$4,130$41,300
Foreign Grants$24,234--$24,234
Occupancy$9,337$3,112$0$12,449
Fees for Services Legal$0$8,270$0$8,270
Travel$4,949$0$578$5,527
Other Salaries and Wages$4,450$0$0$4,450
Payroll Taxes$2,370$474$316$3,160
Other Expenses$2,101$700$0$2,801
Information Technology$0$725$0$725
Office Expenses$0$428$69$497
Advertising$80$0$331$411
Total Functional Expenses$133,379$20,879$9,928$164,186
International Activity

International Summary

Offices
4
Employees
12
Spending
$172,973

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Middle EastProgram ServicesTraining12$133,748
Middle EastGrants-17$24,234
Middle EastMaintaining Offices-12$11,991
Middle EastForeign Employees-11$3,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 9

“Sophia Burton 1086 Fulton Street, Apt A San Francisco CA 94117”

Filing and Contact Details

Filer

Filer Name
Five One Labs Inc
EIN
82-1623382
Phone
6104004088
Address
315 Radnor Chester Road, Villanova, PA 19085

Signing Officer

Name
Patricia B Letayf
Title
President of Corporation
Phone
6104004088
Signed
2018-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patricia B Letayf
Formed
2017
Legal Domicile
Pa
Voting Board Members
3
Independent Board Members
1
Employees
2
Volunteers
11

Preparer

Firm
Mounier Letayf EA
Address
11 Hitching Post Lane, Salem, NH 03079-2441
Preparer
Mounier Letayf Ea
Phone
6036853970
Supplemental Narrative

Additional Explanations

Pt VI, Line 1A

“3 voting memebers, 1 is independent”

Pt VI, Line 8A

“The governing body takes and distributes meeting minutes electronically.”

Pt VI, Line 8B

“The organization does not have any committees”

Pt VI, Line 11B

“The organization's governing body received a copy of form 990 by email for review”

Pt VI, Line 12C

“Yes. Members of the governing body are asked to disclose conflicts of interests”

Pt VI, Line 15A

“The executive director is not present for any discussions of her salary and the determinations are made by the other memebers of the governing board”

Pt VI, Line 15B

“Yes. Officers who are employed by the organization in key roles are not present for any discussions of their salary, and the determinations are made by the other members of the governing board”

Form 990, Part III, Line 4D

“The organization ran a series of short entrepreneurship-related 14390. 0. 0.”

Raw XML Appendix378 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt012
IRS990ScheduleF/SubtotalOfficesCnt04
IRS990ScheduleF/SubtotalSpentAmt0172973
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0For seed funding, Five One Labs requires grant recipients to submit a proposal for the seed funding. The Five One Labs team works with the grant recipients to establish milestones based on the recipient's business. The funding is released in tranches that are linked to the various milestones. Once a series of milestones is met, the next tranche of funding is released. For other living stipends, only participants in the incubator program, who have been vetted prior to admission to the program, receive the funds on a monthly basis. A team member provides the funds to the participants, who confirm receipt of the funds in writing. For prototyping stipends, participants submit a budget and receipts for expenses, ahich are then reimbursed by the Five One Labs team.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
IRS990ScheduleF/TotalEmployeeCnt012
IRS990ScheduleF/TotalOfficeCnt04
IRS990ScheduleF/TotalSpentAmt0172973
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt03 voting memebers, 1 is independent
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The governing body takes and distributes meeting minutes electronically.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization does not have any committees
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization's governing body received a copy of form 990 by email for review
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Yes. Members of the governing body are asked to disclose conflicts of interests
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The executive director is not present for any discussions of her salary and the determinations are made by the other memebers of the governing board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Yes. Officers who are employed by the organization in key roles are not present for any discussions of their salary, and the determinations are made by the other members of the governing board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The organization ran a series of short entrepreneurship-related 14390. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Sophia Burton 1086 Fulton Street, Apt A San Francisco CA 94117
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part VI, Line 9
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsEOYAmt025538
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt025538
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0181500
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt09928
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020879
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0133379
IRS990/TotalFunctionalExpensesGrp/TotalAmt0164186
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt025538
IRS990/TotalOtherProgSrvcExpenseAmt014390
IRS990/TotalProgramServiceExpensesAmt0133379
IRS990/TotalProgramServiceRevenueAmt01325
IRS990/TotalReportableCompFromOrgAmt041300
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01325
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0182825
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt025538
IRS990/TravelGrp/FundraisingAmt0578
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt04949
IRS990/TravelGrp/TotalAmt05527
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt011 Hitching Post Lane
IRS990/USAddress/CityNm0Salem
IRS990/USAddress/StateAbbreviationCd0NH
IRS990/USAddress/ZIPCd003079
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IRS990/WebsiteAddressTxt0https://fiveonelabs.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0PATRICIA B LETAYF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT OF CORPORATION
ReturnHeader/BusinessOfficerGrp/PhoneNum06104004088
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Five One Labs Inc
ReturnHeader/Filer/BusinessNameControlTxt0FIVE
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ReturnHeader/Filer/PhoneNum06104004088
ReturnHeader/Filer/USAddress/AddressLine1Txt0315 Radnor Chester Road
ReturnHeader/Filer/USAddress/CityNm0Villanova
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0FD8CF44D84ABBC28A3A651121B3CCF50F0475E4B
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt072.71.206.82
ReturnHeader/FilingSecurityInformation/IPDt02019-05-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm014:26:34
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Mounier Letayf EA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt011 Hitching Post Lane
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Salem
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0030792441
ReturnHeader/PreparerPersonGrp/PhoneNum06036853970
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MOUNIER LETAYF EA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-05-13T14:26:45-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,538
Liabilities
$0
Net assets
$25,538
Revenue
$182,825
Expenses
$164,186
Net income
$18,639
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.35$0.01$0.34$1.26$1.24$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.33$0.02$0.32$1.28$1.33$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.37$0.01$0.36$1.12$1.12$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.37$0.01$0.36$1.18$1.09$0.09
2020Detailed filing. Detailed filing data is available for this year.$0.28$0.01$0.27$0.74$0.76$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.28$0.01$0.29$0.69$0.42$0.27
2018Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.18$0.16$0.02