2024-07-12T01:50:40-05:00 2023-06-30 270162544 INDINERO 440 N BARRANCA AVE 4637 COVINA CA 91723 990 2022-07-01 821623382 FIVE ONE LABS INC FIVE 6104004088 101 BELLSHILL CT CARY NC 27513 ALICE BOSLEY EXECUTIVE DIRECTOR 6104004088 2024-07-12 1 ALICE BOSLEY 999009999 1 X TRACY BRIAN HOWELL CPA CGMA P02389642 8554634637 2024-07-12 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X X ALICE BOSLEY 101 BELLSHILL CT CARY NC 27513 1284227 0 X FIVEONELABS.ORG X 2017 DE 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. 7 5 4 60 0 0 1111049 1269872 8398 14355 0 0 0 0 1119447 1284227 98338 78131 0 0 712142 860642 0 0 55274 310797 387094 1121277 1325867 -1830 -41640 370442 332135 12956 16288 357486 315847 X 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. 0 0 136312 792 0 EMPOWERING COLOMBIAN AND VENEZUELAN ENTREPRENEURS IN COLOMBIA: FIVE ONE LABS LAUNCHED OPERATIONS IN BARRANQUILLA, COLOMBIA IN OCTOBER 2022 TO SUPPORT LOCAL AND DISPLACED VENEZUELAN ENTREPRENEURS TO LAUNCH SCALABLE, INNOVATIVE BUSINESSES. WE DESIGNED AND IMPLEMENTED A VARIETY OF EDUCATIONAL ENTREPRENEURSHIP PROGRAMS WITH LOCAL PARTNERS, INCLUDING COLLABORATIVE WORKSHOPS ON DESIGN THINKING AND BUSINESS DEVELOPMENT AND OUR "IGNITE" MARKET RESEARCH PROGRAMS FOR CLOSE TO 50 ENTREPRENEURS. THESE WORKSHOPS CULMINATED IN THE LAUNCH OF OUR FIRST STARTUP INCUBATOR IN COLOMBIA FOR 16 STARTUPS LED BY LOCAL AND DISPLACED ENTREPRENEURS. WE ALSO REACHED OVER 500 ASPIRING ENTREPRENEURS THROUGH OUR EDUCATIONAL AND NETWORKING EVENTS IN THE CITY. 60370 0 0 CREATING 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. 729411 77339 0 ENTREPRENEURSHIP 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. 0 0 14355 OTHER 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. 0 0 14355 926093 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 4 1 0 1 IZ 0 0 0 0 0 0 0 0 X 7 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X QASIM HASNAIN 6315989983 420 6TH AVENUE NEW YORK NY 11215 ALICE BOSLEY EXECUTIVE DIRECTOR 40.00 X X 81264 0 0 PATRICIA LETAYF PRESIDENT OF THE BOARD 15.00 X X 45371 0 0 DAVID SIEGEL BOARD MEMBER 0.50 X 0 0 0 WALID FAZA BOARD MEMBER 0.50 X 0 0 0 JANE LEU TREASURER 0.50 X X 0 0 0 OSCAR PINEIRO BOARD MEMBER 0.50 X 0 0 0 HOLLY LEVOW BOARD MEMBER 0.50 X 0 0 0 126635 0 0 0 0 0 0 0 697547 572325 1269872 COWORKING SPACE 532000 14355 14355 14355 1284227 14355 0 0 78131 78131 126635 89911 29126 7598 702744 498948 161631 42165 18030 13871 3613 546 13233 10181 2652 400 12638 12638 25300 13434 11866 29400 29400 22598 22598 44174 44168 5 1 42442 31721 10077 644 11559 8893 2316 350 132702 95378 34134 3190 45882 22517 23365 2610 2610 DUES AND SUBSCRIPTIONS 7597 5845 1522 230 BANK FEES 6002 71 5931 0 RESIDENCY FEES 1821 0 1821 0 REPAIRS AND MAINTENANCE 1286 0 1286 0 1083 386 547 150 1325867 926093 344500 55274 362912 327215 9984 5914 6680 4070 850 850 370442 332135 12956 0 16288 12956 16288 X 0 0 0 0 357486 315847 357486 315847 370442 332135 -41640 1 0 X X 0 1 X 1 0 X 679096 730678 1176082 1111022 1220830 4917708 679096 730678 1176082 1111022 1220830 4917708 4917708 4917708 1.00000 1.00000 X X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9368 5675 3693 616 239 377 4070 CREDIT CARD 3156 IRAQ PAYROLL TAX PAYABLE (PIT) 8438 ACCRUED PAYROLL 4546 CUSTOMER SECURITY DEPOSIT 148 16288 1284227 0 1284227 0 1284227 1325867 0 1325867 0 1325867 1 IRAQ 5 27 PROGRAMMING ACTIVITY TO SUPPORT ENTREPRENEURS ENTREPRENEURSHIP PROGRAMMING 735079 COLOMBIA 1 4 PROGRAMMING ACTIVITY TO SUPPORT ENTREPRENEURS ENTREPRENEURSHIP PROGRAMMING 75282 6 31 0 0 6 31 810361 0 810361 NEED-BASED PARTICIPANT STIPENDS MIDDLE EAST 78 16176 CASH PROTOTYPING STIPEND MIDDLE EAST 12 13187 CHECK TRANSPORTATION STIPEND MIDDLE EAST 13 1058 CASH SEED FUNDING MIDDLE EAST 18 47710 CHECK AND BANK TRANSFER 0 0 0 0 0 0 PART I, LINE 2: FOR 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. PART III ACCOUNTING METHOD: 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 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 VII - COLUMN B PART VII - COLUMN B OF THE FORM 990 WAS UPDATED TO REFLECT THE CORRECT AVERAGE HOURS PER WEEK OF PATRICIA LETAYF. 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.