Civic Intelligence

One Wake

990 • Fiscal year 2023 • EIN 82-3718275

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 21, 2024

4907 Garrett RoadDurham, NC 27707

(919) 358-5828

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.16x

Higher debt load relative to assets than 82% of similar nonprofits.

2023 filings • NTEE S20 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

83rd percentile

0.14x

Higher debt load relative to revenue than 83% of similar nonprofits.

2023 filings • NTEE S20 • <$500k nonprofits • Source year 2023

Net Margin

21st percentile

-12%

Higher net margin than 21% of similar nonprofits.

2023 filings • NTEE S20 • <$500k nonprofits • Source year 2023

Top Officer Pay

99th percentile

$103,585

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 30.0% of source-year revenue.

2023 filings • NTEE S20 • <$500k nonprofits • Source year 2023

Asset Growth

37th percentile

-4.9%

Faster asset growth than 37% of similar nonprofits.

2023 filings • NTEE S20 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

36th percentile

-7.1%

Faster revenue growth than 36% of similar nonprofits.

2023 filings • NTEE S20 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$316,061

Down $16,422 (-4.9%) from 2022

Net Assets

Down

$266,694

Down $58,602 (-18%) from 2022

Liabilities

Up

$49,367

Up $42,180 (+587%) from 2022

Revenue

Down

$344,733

Down $26,393 (-7.1%) from 2022

Expenses

Up

$385,895

Up $52,159 (+16%) from 2022

Net Income

Down

-$41,162

Down $78,552 (-210%) 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$0Assets 2018: $8,782Liabilities 2018: $7,500Net Assets 2018: $1,2822018Assets 2019: $26,888Liabilities 2019: $21,138Net Assets 2019: $5,7502019Assets 2020: $345,861Liabilities 2020: $0Net Assets 2020: $345,8612020Assets 2021: $288,665Liabilities 2021: $759Net Assets 2021: $287,9062021Assets 2022: $332,483Liabilities 2022: $7,187Net Assets 2022: $325,2962022Assets 2023: $316,061Liabilities 2023: $49,367Net Assets 2023: $266,6942023Assets 2024: $266,888Liabilities 2024: $23,097Net Assets 2024: $243,7912024

Highlighted filing

2023

Assets$316,061
Liabilities$49,367
Net Assets$266,694

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2018: $64,753Expenses 2018: $63,463Net Income 2018: $1,2902018Revenue 2019: $60,679Expenses 2019: $56,211Net Income 2019: $4,4682019Revenue 2020: $528,766Expenses 2020: $188,655Net Income 2020: $340,1112020Revenue 2021: $247,532Expenses 2021: $305,487Net Income 2021: -$57,9552021Revenue 2022: $371,126Expenses 2022: $333,736Net Income 2022: $37,3902022Revenue 2023: $344,733Expenses 2023: $385,895Net Income 2023: -$41,1622023Revenue 2024: $407,238Expenses 2024: $430,141Net Income 2024: -$22,9032024

Highlighted filing

2023

Revenue$344,733
Expenses$385,895
Net Income-$41,162
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 21, 2024
Return Version
2023v5.1
Gross Receipts
$344,733
Mission and Program Overview

Mission

ONE Wake is a nonprofit corporation organized under the laws of the State of North Carolina. It is broad-based, multi-racial, multi-faith, multi-economic class, strictly nonpartisan community organization organized exclusively to accomplish religious, charitable, and educational purposes as specified in section 501(c) 3 of the Internal Revenue Code. Its purpose as a broad-based organization is to build relationships across the Wake County area, identify community concerns and/or needs, and work together as a united power for human dignity, social justice, and the greater good. We are an inclusive and diverse body working together for a just society through active citizenship. It is committed to encouraging conversation across religious, ethnic, economic, generational and political lines; developing a shared vision; and addressing the common needs of the people of the area.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$175,469-
Savings and Temporary Cash Investments$267,483$81,761▼ $185,722
Pledges and Grants Receivable$65,000$31,000▼ $34,000
Accounts Receivable-$23,969-
Total Assets$332,483$316,061▼ $16,422
Other Assets Total$0$3,862▲ $3,862
Liabilities
Accounts Payable and Accrued Expenses$7,187$46,367▲ $39,180
Deferred Revenue-$3,000-
Total Liabilities$7,187$49,367▲ $42,180
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$325,296$236,694▼ $88,602
Net Assets With Donor Restrictions-$30,000-
Total Net Assets Fund Balance$325,296$266,694▼ $58,602
Total Liabilities and Net Assets / Fund Balance$332,483$316,061▼ $16,422
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Devin RossExecutive DirectorPT$80,896$22,689$103,585

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$343,964
Program Service Revenue
$0
Investment Income
$769
Other Revenue
$0
All Other Contributions
$164,863
Change in Net Assets
$-41,162

Audited Revenue Reconciliation

Revenue per Audited Statements
$344,733
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$344,733
Total Revenue per Form 990
$344,733
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$206,447
Other Expenses$179,448
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$82,868$20,717-$103,585
Other Salaries and Wages$69,336--$69,336
Fees for Services Other$62,134$5,404-$67,538
Travel$16,100--$16,100
Office Expenses$15,010--$15,010
Other Employee Benefits$11,383$249-$11,632
Payroll Taxes$10,252$1,241-$11,493
Pension Plan Contributions$10,401--$10,401
Conferences and Meetings$9,508--$9,508
Fees for Services Accounting-$5,013-$5,013
Occupancy$2,500--$2,500
Insurance$950$105-$1,055
Other Expenses$0$385-$385
Total Functional Expenses$334,442$51,453$0$385,895

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$385,895
Total Expenses per Audited Statements$385,895
Total Expenses per Form 990$385,895
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
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

A draft copy of the return is sent to the chair of the audit committee for review before filing. The entire board will review the return at the next meeting.

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

The organizaton requires that the conflict of interest policy is signed annually by all members of the organization, including board members

Form 990, Part VI, Section B, Line 15

Contract salaries are reviewed annually and approved by the board of directors

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and financial statements are made available to the public upon request

Filing and Contact Details

Filer

Filer Name
One Wake
EIN
82-3718275
Phone
9193585828
Address
4907 GARRETT ROAD, DURHAM, NC 27707

Signing Officer

Name
Devin Ross
Title
Executive Director
Phone
9193585828
Signed
2024-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Devin Ross
Formed
2018
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
200

Preparer

Firm
Neal Bradsher & Taylor Pa
Address
4721 EMPEROR BOULEVARD SUITE 130, DURHAM, NC 27703
Preparer
Michael Clonch
Phone
9194893369
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contract labor: program service expenses 62,134. Management and general expenses 5,404. Fundraising expenses 0. Total expenses 67,538.

FORM 990, PART XII, LINE 2C:

No changes were made by the organization to its oversight or selection process.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal income tax under section 501(c) (3) of the internal revenue code. However, income from certain activities not directly related to the organization's tax-exempt purpose is subject to taxation as unrelated business income. Management has considered the tax positions taken in its tax returns and believes that all of the positions taken by the organization in its federal exempt organization tax returns are more likely-than-not to be sustained upon examination. Generally, the organization's tax returns remain open for three years for examination by taxing authorities. The organization does not believe there are any material uncertain tax positions and, accordingly, it did not recognize any liability for unrecognized tax benefits.

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IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0267483
IRS990/SavingsAndTempCashInvstGrp/EOYAmt081761
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0343964
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0370540
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0246931
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0528525
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt060650
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01550610
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0769
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0412
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0447
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0241
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt029
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01898
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0769
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0412
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0447
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0241
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt029
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01898
IRS990ScheduleA/InvestmentIncomeCYPct00.00120
IRS990ScheduleA/InvestmentIncomePYPct00.00090
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0174
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0153
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0327
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99860
IRS990ScheduleA/PublicSupportPY509Pct00.99880
IRS990ScheduleA/PublicSupportTotal509Amt01550610
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0343964
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0370540
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0246931
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0528525
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt060650
IRS990ScheduleA/Total509Grp/TotalAmt01550610
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0344733
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0371126
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0247531
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0528766
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt060679
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01552835
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/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0385895
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0344733
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. MANAGEMENT HAS CONSIDERED THE TAX POSITIONS TAKEN IN ITS TAX RETURNS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY THE ORGANIZATION IN ITS FEDERAL EXEMPT ORGANIZATION TAX RETURNS ARE MORE LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION. GENERALLY, THE ORGANIZATION'S TAX RETURNS REMAIN OPEN FOR THREE YEARS FOR EXAMINATION BY TAXING AUTHORITIES. THE ORGANIZATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT DID NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0385895
IRS990ScheduleD/TotalRevenuePerForm990Amt0344733
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0344733
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0385895
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT COPY OF THE RETURN IS SENT TO THE CHAIR OF THE AUDIT COMMITTEE FOR REVIEW BEFORE FILING. THE ENTIRE BOARD WILL REVIEW THE RETURN AT THE NEXT MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATON REQUIRES THAT THE CONFLICT OF INTEREST POLICY IS SIGNED ANNUALLY BY ALL MEMBERS OF THE ORGANIZATION, INCLUDING BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONTRACT SALARIES ARE REVIEWED ANNUALLY AND APPROVED BY THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACT LABOR: PROGRAM SERVICE EXPENSES 62,134. MANAGEMENT AND GENERAL EXPENSES 5,404. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 67,538.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO CHANGES WERE MADE BY THE ORGANIZATION TO ITS OVERSIGHT OR SELECTION PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0332483
IRS990/TotalAssetsEOYAmt0316061
IRS990/TotalAssetsGrp/BOYAmt0332483
IRS990/TotalAssetsGrp/EOYAmt0316061
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0343964
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt051453
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0334442
IRS990/TotalFunctionalExpensesGrp/TotalAmt0385895
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07187
IRS990/TotalLiabilitiesEOYAmt049367
IRS990/TotalLiabilitiesGrp/BOYAmt07187
IRS990/TotalLiabilitiesGrp/EOYAmt049367
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0325296
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0266694
IRS990/TotalOtherCompensationAmt022689
IRS990/TotalProgramServiceExpensesAmt0334442
IRS990/TotalReportableCompFromOrgAmt080896
IRS990/TotalRevenueGrp/ExclusionAmt0769
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0344733
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0200
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0332483
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0316061
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt016100
IRS990/TravelGrp/TotalAmt016100
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04907 GARRETT ROAD
IRS990/USAddress/CityNm0DURHAM
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027707
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.ONEWAKE.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DEVIN ROSS

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