Nonprofit · EIN 88-2145154
ONE FACT FOUNDATION
Tax-exempt · CLAYMONT, DE 19703
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $0 | $0 | $0 | $25,838 | $0 | $25,838 |
| December 31, 2023 | 990-EZ | $146,614 | $191,218 | -$44,604 | $25,838 | $0 | $25,838 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
Expenses
- Compensation of officers, directors and key employees
- $0
Balance sheet and other
- Total assets, start of year
- $25,838
- Total assets, end of year
- $25,838
- Total liabilities, end of year
- $0
- Net assets, end of year
- $25,838
- Cash, savings and investments
- $25,838
- Gross receipts
- $0
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAAN LI | PRESIDENT | 5 | $0 |
| JOANNE WU | SECRETARY | 2 | $0 |
| SWAPNEEL MEHTA | TREASURER | 2 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAAN LI | PRESIDENT | 5 | $0 |
| JOANNE WU | SECRETARY | 2 | $0 |
| SWAPNEEL MEHTA | TREASURER | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 2093 PHILADELPHIA PIKE NO 1764, CLAYMONT, DE 19703-2424
- Signed the 990-EZ
- JAAN LI, PRESIDENT
- Phone
- (917) 631-3713
- Website
- ONEFACT.ORG
- Return prepared by
- SKODY SCOT & CO CPAS PC
Mission
THE MISSION OF THE ONE FACT FOUNDATION IS TO REDUCE THE PRICE OF HEALTH CARE USING OPEN SOURCE SOFTWARE AND ARTIFICIAL INTELLIGENCE.
Program accomplishments
- THE PAYLESS HEALTH PROGRAM IS A PUBLIC DATA REPOSITORY OF 4000 HOSPITALS' PRICE SHEETS, ALONGSIDE PUBLIC GUIDANCE MATERIAL AND OPEN SOURCE SOFTWARE NEEDED TO ANALYZE AND USE THE DATA. BY AGGREGATING AND ANALYZING DATA ON HOSPITAL PRICES AND CONDUCTING RESEARCH ON HEALTH EQUITY, PAYLESS HEALTH HELPS REDUCE THE PRICE OF HEALTH CARE FOR EMPLOYERS, CONSUMERS, AND RESEARCHERS AND UNDERSTAND SIGNIFICANT PRICE VARIATIONS. TO ENABLE TEAMS TO LEARN THE DATA SCIENCE SKILLS NEEDED TO ANALYZE THIS VOLUME OF DATA, WE TEACH DATA THINKING, A SERIES OF OPEN SOURCE COURSES DESIGNED TO TEACH STATISTICS, MACHINE LEARNING, AND ARTIFICIAL INTELLIGENCE IN AN ACCESSIBLE MANNER.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 88-2145154
- 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-N (e-Postcard)
- Category (NTEE)
- Health care (E05)
- Assets (IRS master file)
- $25,838
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $0 | $0 | $25,838 | IRS |
| 990-EZ | December 2023 | $146,614 | $191,218 | $25,838 | XML |
| 990-EZ | December 2022 | – | – | – | 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 88-2145154).
Questions about ONE FACT FOUNDATION
- What is the EIN of ONE FACT FOUNDATION?
- The employer identification number (EIN) of ONE FACT FOUNDATION is 88-2145154.
- Is ONE FACT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to ONE FACT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ONE FACT FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of ONE FACT FOUNDATION 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 FACT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of ONE FACT FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does ONE FACT FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $0, expenses of $0 and total assets of $25,838 at year end.
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