Square One Action Fund

Nonprofit profile at a glance

EIN
873785168
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024
Location
Washington, DC, USA
Phone
2025520221
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Community Coalitions

Reported finances

Revenue
$5,500
Expenses
$6,101
Assets
$107
Liabilities
$383

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • WILLIAM LEVITT (PRESIDENT)

People named in this filing

  • SANJAY SATHE (DIRECTOR)
  • WILLIAM LEVITT (PRESIDENT)
  • ANITA SATHE (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Square one action fund (soaf) builds political infrastructure for rising leaders in underrepresented communities committed to improving the lives of others in their community, particularly rising leaders from communities of color. Recognizing on the one hand the substantial barriers to entry that underrepresented leaders face when seeking office and influencing policy decisions, and on the other hand the outsized suffering faced by their communities, soaf works directly to help the most promising of these leaders break through, providing the resources, connection and organizational know-how that drives impact and improves community members' lives.

What it reported doing in 2024

Square one action fund laid the groundwork for future programming by researching the current landscape of barriers facing underrepresented leaders, and also researched potential partners and additional program avenues. Made a contribution to an aligned 501(c) (4)'s primary purpose work.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 95% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 92
  • Transparency & Controls: 100
  • Sustainability: 23
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.5%; rating input score 95
  • Program expense ratio: 86.1%; rating input score 86

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -10.9%; rating input score 30; 30th percentile among comparable filings
  • Total-asset coverage ratio: 0.02; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 3.58; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -1.3% per year; rating input score 0; 44th percentile among comparable filings
  • Revenue growth: -48.9% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -95.5% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 95.5% of revenue deployed · 86.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $5K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 30/100.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.