Nonprofit · EIN 82-1623382
FIVE ONE LABS INC
Also known as FIVE ONE LABS
Tax-exempt · SALEM, NH 03079
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,299,585 | $1,194,211 | $1,105,374 | $1,333,895 | $202,124 | $1,131,771 |
| June 30, 2024 | 990 | $1,262,924 | $1,242,045 | $20,879 | $347,441 | $9,129 | $338,312 |
| June 30, 2023 | 990 (amended) | $1,284,227 | $1,325,867 | -$41,640 | $332,135 | $16,288 | $315,847 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,252,903
- Program service revenue
- $33,911
- Investment income
- $6,707
- Net gain from sales of assets
- $6,190
- Other revenue
- $6,064
Expenses
- Grants and similar amounts paid
- $61,627
- Compensation of officers, directors and key employees
- $98,376
- Other salaries and wages
- $315,147
- Salaries, compensation and benefits (total)
- $444,165
- Professional fundraising fees
- $0
- Legal fees
- $36,874
- Accounting fees
- $30,206
- Occupancy
- $91,032
- Travel
- $33,655
- Depreciation
- $2,610
- Program services (functional)
- $940,766
- Management and general (functional)
- $187,931
- Fundraising (functional)
- $65,514
Balance sheet and other
- Total assets, start of year
- $377,731
- Total assets, end of year
- $1,333,895
- Total liabilities, end of year
- $202,124
- Net assets, end of year
- $1,131,771
- Gross receipts
- $2,299,585
- Employees
- 2
- Volunteers
- 127
- Year formed
- 2017
- State of legal domicile
- NH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATRICIA LETAYF | EXECUTIVE DIRECTOR Officer | 0 | $83,876 |
| ALICE BOSLEY | PRESIDENT OF THE BOARD Officer | 0 | $14,500 |
| RICARDO PLATA SARABIA | BOARD MEMBER Trustee or director | 0 | $0 |
| HOLLY LEVOW | BOARD MEMBER Trustee or director | 0 | $0 |
| MYRNA ATALLA | BOARD MEMBER Trustee or director | 0 | $0 |
| VIBHAV PRASAD | BOARD MEMBER Trustee or director | 0 | $0 |
| QASIM HASNAIN | BOARD MEMBER Officer | 0 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Alice Bosley | Executive Director Key employee | 45 | $90,000 |
| Qasim Hasnain | Head of Operations Key employee | 45 | $69,000 |
| Patricia Letayf | President of the Board Officer | 2 | $0 |
| Jane Leu | Treasurer of the Board Officer | 0.5 | $0 |
| David Siegel | Board Member Trustee or director | 0.5 | $0 |
| Holly Levow | Board Member Trustee or director | 0.5 | $0 |
| Ricardo Plata Sarbia | Board Member Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALICE BOSLEY | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $81,264 |
| PATRICIA LETAYF | PRESIDENT OF THE BOARD Trustee or director, Officer | 15 | $45,371 |
| DAVID SIEGEL | BOARD MEMBER Trustee or director | 0.5 | $0 |
| WALID FAZA | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JANE LEU | TREASURER Trustee or director, Officer | 0.5 | $0 |
| OSCAR PINEIRO | BOARD MEMBER Trustee or director | 0.5 | $0 |
| HOLLY LEVOW | BOARD MEMBER Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 11 HITCHING POST LN, SALEM, NH 03079-2447
- In care of
- % PATRICIA LETAYF
- Mailing address (990-N for 2016)
- 315 Radnor Chester Road, Villanova PA 19085
- Principal officer (990-N for 2016)
- Patricia Letayf, 11 Hitching Post Lane, Salem NH 03079
- Signed the 990
- PATRICIA LETAYF, EXECUTIVE DIRECTOR
- Website
- https://fiveonelabs.org/
- Return prepared by
- Arvee E Flores
Mission
FIVE ONE LABS IS AN INTERNATIONAL, IMPACT-DRIVEN ORGANIZATION THAT SUPPORTS ENTREPRENEURS FROM CONFLICT-AFFECTED AND UNDERSERVED COMMUNITIES TO LAUNCH AND GROW SCALABLE BUSINESSES THAT DRIVE POSITIVE CHANGE. OUR MISSION IS TO USE ENTREPRENEURSHIP TO ENABLE INDIVIDUALS TO REBUILD
Program accomplishments
- DURING FIVE ONE LABS EIGHTH YEAR OF OPERATIONS IN THE KURDISTAN REGION OF IRAQ, WE EXPANDED OUR IMPACT THROUGH CORE INTENSIVE PROGRAMMING AND NEW THEMATIC ACTIVITIES TO ADDRESS LOCAL CHALLENGES RELATING TO CLIMATE AND SUSTAINABILITY, RURAL ECONOMIC DEVELOPMENT AND DIGITAL SKILLS BUILDING FOR YOUTH. WE CONTINUED OUR ORANGE CORNERS PARTNERSHIP WITH THE INCUBATION OF 41 STARTUPS, INCLUDING A FIRST-EVER FULLY KURDISH LANGUAGE COHORTS. THROUGH OUR BUSINESS BACKING PROGRAM WE PROMOTED MARKET ACCESS AND BUSINESS GROWTH FOR NEARLY 100 FORCIBLY DISPLACED POPULATIONS-RELATED ENTERPRISES. WE LAUNCHED TECHLANA, A SIX-MONTH DEVELOPMENT SPRINT FOR 16 IT STUDENTS AND GRADUATES IN SULAIMANI. THROUGH ADDITIONAL PROGRAMS, WE CONVENED 16 WOMEN LEADERS FOR CAPACITY BUILDING WORKSHOPS RELATED TO BUSINESS AND CLIMATE RESILIENCE AND BEGAN RESEARCH FOR PROGRAMMING TO FIND INNOVATIVE WAYS TO TACKLE FOOD WASTE IN ERBIL. BEYOND ENTREPRENEURSHIP, WE INTRODUCED DIGITAL EXPLORERS, A SIX-MONTHExpenses $503,736 · grants $83,309
- FIVE ONE LABS GREW OUR TEAMS AND PROGRAMS IN BARRANQUILLA, COLOMBIA IN FY25, INCREASING OUR ENTREPRENEUR REACH, EMBEDDING OUR ROLE IN THE LOCAL ECOSYSTEM AND ADAPTING OUR PROGRAMS TO SERVE THE EVOLVING NEEDS OF OUR COMMUNITY. WE CONTINUED OUR FEM PROGRAM FOR SCALE-UP BUSINESSES THROUGH THE SUPPORT OF 20 WOMEN ENTREPRENEURS, 55% OF WHOM WERE DISPLACED, RETURNEE, OR CONFLICT-AFFECTED AND 65% OF WHOM INCREASED BUSINESS REVENUE BY THE PROGRAM END. WE INCUBATED TWO COHORTS OF ENTREPRENEURS WITH 33 BUSINESSES AND TO PROVIDE MORE TAILORED SUPPORT, WE PILOTED A NEW METHOD OF INCUBATION TO SEGMENT ENTREPRENEURS WORKING AT THE IDEA-STAGE FROM THOSE INNOVATING EXISTING BUSINESS MODELS. THROUGH SHORTER BOOTCAMPS AND ECOSYSTEM ACTIVITIES, WE REACHED MORE THAN 500 OTHER ENTREPRENEURS.Expenses $371,959 · grants $71,620
- IN FY25 WE TESTED OUR MODEL OUTSIDE OF OUR CORE GEOGRAPHIES IN THE KURDISTAN REGION OF IRAQ AND BARRANQUILLA, COLOMBIA. WE PILOTED A US-BASED PROGRAM, BUSINESS BLOOM, TO SUPPORT 20 IMMIGRANT AND REFUGEE ENTREPRENEURS TO LAUNCH AND FORMALIZE 17 SMALL BUSINESSES IN RALEIGH, NORTH CAROLINA. THROUGH OUR TECHLAB PROGRAM IN CARTAGENA AND CALI WE EXPLORED NEW CITIES FOR EXPANSION FOR FIVE ONE LABS IN COLOMBIA BY PILOTING OUR BOOTCAMPS WITH 15 STARTUPS.Expenses $30,011 · grants $6,205
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 82-1623382
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $1,333,895
- Income (IRS master file)
- $2,299,585
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,299,585 | $1,194,211 | $1,333,895 | IRS |
| 990 | June 2024 | $1,262,924 | $1,242,045 | $347,441 | IRS |
| 990 | June 2023 | $1,284,227 | $1,325,867 | $332,135 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: Patricia Letayf | June 30, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-1623382).
Questions about FIVE ONE LABS INC
- What is the EIN of FIVE ONE LABS INC?
- The employer identification number (EIN) of FIVE ONE LABS INC is 82-1623382.
- Is FIVE ONE LABS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to FIVE ONE LABS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FIVE ONE LABS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FIVE ONE LABS INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FIVE ONE LABS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FIVE ONE LABS INC?
- The 990-N for 2016 names Patricia Letayf.
- Who are the officers and directors of FIVE ONE LABS INC?
- The 990 for the year ended June 30, 2025 lists 7 people; 2 received compensation from the organization, the highest $83,876 (PATRICIA LETAYF, EXECUTIVE DIRECTOR).
- How much revenue does FIVE ONE LABS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,299,585, expenses of $1,194,211 and total assets of $1,333,895 at year end.
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