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Nonprofit · EIN 86-2813192

ONE PERCENT FOR AMERICA INC

Tax-exempt · BOSTON, MA 02119

Financials

$28K$2.2M2023$66K$3.1M2024
Revenue Expenses · by fiscal year end
Financials of ONE PERCENT FOR AMERICA INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$65,994$3,073,061-$3,007,067$1,551,368$502,249$1,049,119
December 31, 2023990$28,068$2,235,971-$2,207,903$798,469$242,283$556,186
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$65,994
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$1,006,929
Salaries, compensation and benefits (total)
$1,254,226
Professional fundraising fees
$0
Legal fees
$86,424
Accounting fees
$18,801
Occupancy
$31,142
Travel
$44,675
Program services (functional)
$2,773,061
Management and general (functional)
$300,000

Balance sheet and other

Total assets, start of year
$798,469
Total assets, end of year
$1,551,368
Total liabilities, end of year
$502,249
Net assets, end of year
$1,049,119
Net assets without donor restrictions
$1,049,119
Gross receipts
$65,994
Employees
56
Volunteers
9
Year formed
2021
State of legal domicile
MA

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
ELYSE CHERRYCEO & EX-OFFICIO BOARD MEMBER
Trustee or director, Officer
1$0$968,037$244,082
LISA ZAPPALAEVP, CFO, TREASURER (UNTIL 9/2024)
Trustee or director, Officer
1$0$432,219$81,864
DEWITT JONESPRESIDENT, BLUEHUB ENERGY
Officer
0$0$250,215$99,766
KAREN KELLEHERPRESIDENT, BLUEHUB LOAN FUND
Officer
0$0$305,695$37,788
BRENDA LOYACHIEF OPERATING OFFICER
Highest-paid employee
0$0$271,892$41,289
MICHAEL NILLESSVP,COMMERCIAL LENDING, TEAM LEADER
Highest-paid employee
0$0$269,026$39,264
E MATTHEW GAUTIERISVP, CONTROLLER, CLERK
Trustee or director, Officer
1$0$237,534$58,799
LUBNA ELIACHIEF ADMINISTRATIVE OFFICER
Highest-paid employee
0$0$265,600$17,040
ARUNABHA CHAKRAVARTYSVP, PORTFOLIO MANAGEMENT
Highest-paid employee
0$0$223,208$31,251
ANDREW KOHSVP, OPERATIONS
Highest-paid employee
0$0$205,941$42,244
JACQUELYN BARRY HAMILTONCFO (AS OF 9/2024)
Officer
0$0$85,077$10,209
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
ELYSE CHERRYCEO & EX-OFFIC. BOARD MEMBER
Trustee or director, Officer
0$0$971,242$117,866
DEWITT JONESEXECUTIVE VP & EX-OFFICIO
Officer
0$0$425,997$83,792
LISA ZAPPALACFO, TREASURER
Trustee or director, Officer
0$0$407,559$57,904
KATHRYN MCHUGHSVP, COMMERCIAL LENDING
Highest-paid employee
0$0$318,083$45,427
MICHAEL NILLESSVP, COMMERCIAL LENDING, TEAM LEADER
Highest-paid employee
0$0$278,499$44,274
E MATTHEW GAUTIERISVP, CONTROLLER, CLERK (AS OF 10/23)
Trustee or director, Officer
0$0$231,266$85,009
ANDREW KOHSVP, OPERATIONS
Highest-paid employee
0$0$211,464$91,894
BRENDA LOYACHIEF OPERATING OFFICER
Highest-paid employee
0$0$245,536$41,330
LUBNA ELIACHIEF ADMINISTRATIVE OFFICER
Highest-paid employee
0$0$252,799$17,478
REV JAMES WALSHCLERK OF THE BOARD (UNTIL 10/2023)
Trustee or director, Officer
1$0$0$0
CHARLES CLARKCHAIRMAN OF THE BOARD (UNTIL 10/2023)
Trustee or director, Officer
1$0$0$0
REESE FAYDEBOARD MEMBER (UNTIL 10/2023)
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
1785 COLUMBUS AVENUE 6TH FLOOR, BOSTON, MA 02119-1041
In care of
% LISA ZAPPALA
Principal officer (990 for 2024)
ELYSE CHERRY, 1785 COLUMBUS AVENUE 6TH FLOOR, BOSTON, MA 02119
Signed the 990
JACQUELYN BARRY HAMILTON, CHIEF FINANCIAL OFFICER
Phone
(617) 427-8600
Return prepared by
AAFCPAS INC

Mission

BUILD AN INCLUSIVE FUTURE FOR AMERICA BY DRIVING DOWN THE COST OF FINANCING U.S. CITIZENSHIP FEES FOR MILLIONS OF NEW AMERICANS.

990 for the year ended December 31, 2024

Program accomplishments

  • BUILD AN INCLUSIVE FUTURE FOR AMERICA BY DRIVING DOWN THE COST OF FINANCING U.S. CITIZENSHIP FEES FOR MILLIONS OF NEW AMERICANS.
    Expenses $2,773,061 · revenue $65,994

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
86-2813192
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
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P84)
Assets (IRS master file)
$1,551,368
Income (IRS master file)
$65,994

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$65,994$3,073,061$1,551,368XML
990December 2023$28,068$2,235,971$798,469XML
990December 2022$3,325$2,161,400$390,863IRS
990December 2021–––IRS

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 86-2813192).

Questions about ONE PERCENT FOR AMERICA INC

What is the EIN of ONE PERCENT FOR AMERICA INC?
The employer identification number (EIN) of ONE PERCENT FOR AMERICA INC is 86-2813192.
Is ONE PERCENT FOR AMERICA INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to ONE PERCENT FOR AMERICA INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ONE PERCENT FOR AMERICA 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 ONE PERCENT FOR AMERICA INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ONE PERCENT FOR AMERICA INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ONE PERCENT FOR AMERICA INC?
The 990 for the year ended December 31, 2024 names ELYSE CHERRY.
Who are the officers and directors of ONE PERCENT FOR AMERICA INC?
The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
How much revenue does ONE PERCENT FOR AMERICA INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $65,994, expenses of $3,073,061 and total assets of $1,551,368 at year end.

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