Civic Intelligence

Five One Labs Inc.

990 • Fiscal year 2023 • EIN 82-1623382

Jul 01, 2022 to Jun 30, 2023 • Filed on Jul 12, 2024

101 Bellshill CTCary, NC 27513

(610) 400-4088

Siviq Scores

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

Liabilities / Assets

34th percentile

0.05x

Higher debt load relative to assets than 34% of similar nonprofits.

2023 filings • NTEE S • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

18th percentile

0.01x

Higher debt load relative to revenue than 18% of similar nonprofits.

2023 filings • NTEE S • $1M-$5M nonprofits • Source year 2023

Net Margin

33rd percentile

-3.2%

Higher net margin than 33% of similar nonprofits.

2023 filings • NTEE S • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

42nd percentile

$81,264

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

2023 filings • NTEE S • $1M-$5M nonprofits • Source year 2023

Asset Growth

13th percentile

-10%

Faster asset growth than 13% of similar nonprofits.

2023 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

63rd percentile

15%

Faster revenue growth than 63% of similar nonprofits.

2023 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$332,135

Down $38,307 (-10%) from 2022

Net Assets

Down

$315,847

Down $41,639 (-12%) from 2022

Liabilities

Up

$16,288

Up $3,332 (+26%) from 2022

Revenue

Up

$1,284,227

Up $164,780 (+15%) from 2022

Expenses

Up

$1,325,867

Up $204,590 (+18%) from 2022

Net Income

Down

-$41,640

Down $39,810 (-2175%) from 2022

Historical Trend

Balance Sheet Trend

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

2023

Assets$332,135
Liabilities$16,288
Net Assets$315,847

Operations Trend

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

2023

Revenue$1,284,227
Expenses$1,325,867
Net Income-$41,640
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jul 12, 2024
Return Version
2022v5.0
Gross Receipts
$1,284,227
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 helps talented but overlooked entrepreneurs from diverse communities - including migrant and refugee communities - to build dignified livelihoods and thrive through entrepreneurship. Our vision is to develop an inclusive network of innovators with the support, skills, and connections to positively impact their communities and countries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$362,912$327,215▼ $35,697
Rtn Earn Endowment Incm Other Fnds$357,486$315,847▼ $41,639
Land, Buildings, and Equipment, Net$6,680$4,070▼ $2,610
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$370,442$332,135▼ $38,307
Other Assets Total$850$850→ $0
Liabilities
Other Liabilities$0$16,288▲ $16,288
Accounts Payable and Accrued Expenses$12,956--
Total Liabilities$12,956$16,288▲ $3,332
Net Assets / Fund Balance
Total Net Assets Fund Balance$357,486$315,847▼ $41,639
Total Liabilities and Net Assets / Fund Balance$370,442$332,135▼ $38,307

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,693$5,675$9,368
Other Land Buildings$377$239$616
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Alice BosleyExecutive DirectorFT$81,264$81,264
Patricia LetayfPresident of the BoardPT$45,371$45,371

Board Members and Trustees

NameTitle
David SiegelBoard Member
Holly LevowBoard Member
Oscar PineiroBoard Member
Walid FazaBoard Member
Jane LeuTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,269,872
Program Service Revenue
$14,355
Investment Income
$0
Other Revenue
$0
All Other Contributions
$572,325
Change in Net Assets
$-41,640

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,284,227
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,284,227
Total Revenue per Form 990
$1,284,227
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$860,642
Other Expenses$387,094
Grants and Similar Amounts Paid$78,131
Total Fundraising Expense$55,274
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$498,948$161,631$42,165$702,744
Occupancy$95,378$34,134$3,190$132,702
Current Officers, Directors, Trustees, and Key Employees$89,911$29,126$7,598$126,635
Foreign Grants$78,131--$78,131
Travel$22,517$23,365-$45,882
Advertising$44,168$5$1$44,174
Office Expenses$31,721$10,077$644$42,442
Fees for Services Accounting-$29,400-$29,400
Fees for Services Legal$13,434$11,866-$25,300
Fees for Services Other-$22,598-$22,598
Other Employee Benefits$13,871$3,613$546$18,030
Payroll Taxes$10,181$2,652$400$13,233
Fees for Services Management$12,638--$12,638
Information Technology$8,893$2,316$350$11,559
Depreciation Depletion-$2,610-$2,610
Other Expenses$0$1,286$0$1,286
All Other Expenses$386$547$150$1,083
Total Functional Expenses$926,093$344,500$55,274$1,325,867

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,325,867
Total Expenses per Audited Statements$1,325,867
Total Expenses per Form 990$1,325,867
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
6
Employees
31
Spending
$810,361

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
IraqProgramming Activity to Support EntrepreneursEntrepreneurship Programming527$735,079
ColombiaProgramming Activity to Support EntrepreneursEntrepreneurship Programming14$75,282
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Iraq Payroll Tax Payable (pit)$8,438
Accrued Payroll$4,546
Credit Card$3,156
Customer Security Deposit$148
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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, Section B, Line 11B

The organization provides each member of the governing body an electronic copy of the return for their review.

Form 990, Part VI, Section B, Line 12C

Members of the governing body and any key employees are asked to disclose conflicts of interests to the board of directors as they arise.

Form 990, Part VI, Section B, Line 15

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 and board of advisors.

Form 990, Part VI, Section C, Line 19

Five one labs, inc made its governing documents, conflict of interest policy and financial statements available to the public upon request.

Form 990, Part VII - Column B

Part vii - column b of the form 990 was updated to reflect the correct average hours per week of patricia letayf.

Filing and Contact Details

Filer

Filer Name
Five One Labs Inc
EIN
82-1623382
Phone
6104004088
Address
101 BELLSHILL CT, CARY, NC 27513

Signing Officer

Name
Alice Bosley
Title
Executive Director
Phone
6104004088
Signed
2024-07-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alice Bosley
Formed
2017
Legal Domicile
De
Voting Board Members
7
Independent Board Members
5
Employees
4
Volunteers
60

Preparer

Firm
Indinero
Address
440 N BARRANCA AVE 4637, COVINA, CA 91723
Preparer
Tracy Brian Howell CPA Cgma
Phone
8554634637
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

Five one labs has a committee that assumes responsibility for the oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant.

Form 990, Page 1 - Address & Address Change

The address has been updated to reflect the company's current address. With this, the address change box was ticked.

Form 990, Part I - Line 3

Part i - line 3 of the form 990 was updated to reflect the correct number of voting members of the governing body.

Form 990, Part III - Line 1 & Line 4A-4D

Part iii - line 1 of the form 990 was updated to reflect the updated organization's mission. Part iii - line 4a-4d of the form 990 was updated to reflect the correct description of program services and their corresponding amounts.

Form 990, Part IX - Lines 11A, 13 and 24B of Columns B and C

Part ix - lines 11a, 13 and 24b of columns b and c of the form 990 were updated to reflect the correct amounts.

Schedule B, Part I - Lines 2-7

Part i - lines 2-7 of schedule b was updated to indicate the full and correct names and addresses of the contributors.

Schedule F, Part I - Lines 3F

Part i - line 3f of schedule f was updated to report the correct amount of total expenditures for each region.

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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15931
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21821
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31286
IRS990/OtherExpensesGrp/ProgramServicesAmt05845
IRS990/OtherExpensesGrp/ProgramServicesAmt171
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt07597
IRS990/OtherExpensesGrp/TotalAmt16002
IRS990/OtherExpensesGrp/TotalAmt21821
IRS990/OtherExpensesGrp/TotalAmt31286
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt016288
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt042165
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0161631
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0498948
IRS990/OtherSalariesAndWagesGrp/TotalAmt0702744
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0400
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02652
IRS990/PayrollTaxesGrp/ProgramServicesAmt010181
IRS990/PayrollTaxesGrp/TotalAmt013233
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ALICE BOSLEY
IRS990/PriorPeriodAdjustmentsAmt01
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0COWORKING SPACE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt014355
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt014355
IRS990/ProgSrvcAccomActy2Grp/Desc0CREATING MORE INVESTMENT OPPORTUNITIES FOR ENTREPRENEURS IN IRAQ: FIVE ONE INVEST CREATES MORE EFFICIENT DEAL-MAKING OPPORTUNITIES FOR INVESTORS AND INCREASES ACCESS TO CAPITAL FOR ENTREPRENEURS AS THEY SCALE THROUGHOUT IRAQ. INVEST USES KNOWLEDGE-SHARING, LEARNING PROGRAMS, AND STARTUP-INVESTOR FACILITATION TO ACHIEVE THIS MISSION. THIS INCLUDES THE PUBLICATION OF A MONTHLY "IRAQ INVESTMENT INSIDER" NEWSLETTER, MASTERCLASSES FOR LATER-STAGE STARTUPS, ORIGINAL RESEARCH TO EXPAND KNOWLEDGE AND UNDERSTANDING OF THE INVESTMENT ECOSYSTEM AND BRINGING TOGETHER INVESTORS AND ECOSYSTEM STAKEHOLDERS THROUGH CONVENINGS AND ROUNDTABLE DISCUSSIONS. IN FY23, INVEST'S WORK REACHED HUNDREDS THROUGH EDUCATION AND LEARNING OPPORTUNITIES, AND OUR NEWSLETTER CONNECTED WITH MORE THAN 250 TOP INVESTORS AND DECISION MAKERS ACROSS THE MIDDLE EAST.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt060370
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0ENTREPRENEURSHIP SUPPORT IN IRAQ: DURING FIVE ONE LABS' SIXTH YEAR OF OPERATIONS IN THE KRI, OUR ORGANIZATION CONTINUED TO EXPAND OUR IMPACT WITH OUR FIRST ACADEMIC STARTUP INCUBATOR IN PARTNERSHIP WITH THE AMERICAN UNIVERSITY OF KURDISTAN IN DUHOK, ENTREPRENEURSHIP SUMMER PROGRAMS ACROSS THE COUNTRY, ONGOING INVESTMENT FACILITATION AND THOUGHT LEADERSHIP WORK, AND WORKSHOPS IN 6 REFUGEE AND IDP CAMPS IN THE REGION TO SUPPORT DISPLACED ENTREPRENEURS. FIVE ONE LABS LAUNCHED OUR FIRST PROGRAMS IN FEDERAL IRAQ IN PARTNERSHIP WITH LOCAL ORGANIZATIONS, INCLUDING OUR FIRST FEMALE FOUNDERS FELLOWSHIP FOR IMPRESSIVE WOMEN ENTREPRENEURS IN BAGHDAD AND OUR FIRST STARTUP INCUBATOR IN BASRA. WE SUPPORTED 360 ENTREPRENEURS THROUGH OUR INTENSIVE PROGRAMS ACROSS THE COUNTRY, AND HUNDREDS MORE THROUGH EVENTS AND NETWORKING OPPORTUNITIES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0729411
IRS990/ProgSrvcAccomActy3Grp/GrantAmt077339
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER PROGRAMS RAN DURING THE YEAR INCLUDE THE FOLLOWING: (1) FIVE ONE REGISTRATION INITIATIVE TO SUPPORT THE BUSINESS REGISTRATION OF FOUNDERS; (2) REGULAR ENTREPRENEURSHIP WORKSHOPS AND EVENTS FOR THE COMMUNITY; AND (3) OUR CO-WORKING SPACE FACILITY THAT PROVIDES A VARIETY OF OFFICE SPACES TO MEET INDIVIDUAL REQUIREMENTS. THE WORKSTATION IS SET UP TO MAXIMIZE COMFORT, CREATIVITY, AND PRODUCTIVITY.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt00
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt00
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt014355
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01111049
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt098338
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0310797
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt08398
IRS990/PYRevenuesLessExpensesAmt0-1830
IRS990/PYSalariesCompEmpBnftPaidAmt0712142
IRS990/PYTotalExpensesAmt01121277
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01119447
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-41640
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0357486
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0315847
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01220830
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01111022
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01176082
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0730678
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0679096
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04917708
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt04917708
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01220830
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01111022
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01176082
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0730678
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0679096
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04917708
IRS990ScheduleA/TotalSupportAmt04917708
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt03693
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05675
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09368
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01325867
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0377
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0239
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0616
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03156
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18438
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt24546
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3148
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1IRAQ PAYROLL TAX PAYABLE (PIT)
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED PAYROLL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3CUSTOMER SECURITY DEPOSIT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01284227
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04070
IRS990ScheduleD/TotalExpensesPerForm990Amt01325867
IRS990ScheduleD/TotalLiabilityAmt016288
IRS990ScheduleD/TotalRevenuePerForm990Amt01284227
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01284227
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01325867
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt027
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt14
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt05
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt11
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0735079
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt175282
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0IRAQ
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1COLOMBIA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0ENTREPRENEURSHIP PROGRAMMING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1ENTREPRENEURSHIP PROGRAMMING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAMMING ACTIVITY TO SUPPORT ENTREPRENEURS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1PROGRAMMING ACTIVITY TO SUPPORT ENTREPRENEURS
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt016176
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt113187
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt21058
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt347710
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt0CASH
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt1CHECK
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt2CASH
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt3CHECK AND BANK TRANSFER
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt078
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt112
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt213
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt318
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt0MIDDLE EAST
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt1MIDDLE EAST
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt2MIDDLE EAST
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt3MIDDLE EAST
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt0NEED-BASED PARTICIPANT STIPENDS
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt1PROTOTYPING STIPEND
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt2TRANSPORTATION STIPEND
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt3SEED FUNDING
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt031
IRS990ScheduleF/SubtotalOfficesCnt06
IRS990ScheduleF/SubtotalSpentAmt0810361
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, WHICH ARE THEN REIMBURSED BY THE FIVE ONE LABS TEAM.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART III ACCOUNTING METHOD:
IRS990ScheduleF/TotalEmployeeCnt031
IRS990ScheduleF/TotalOfficeCnt06
IRS990ScheduleF/TotalSpentAmt0810361
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00

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