FIVE ONE LABS INC

EIN: 821623382 501(c)(3) Community Improvement

RALEIGH, NC

Total Revenue
$1,284,227
Total Expenses
$1,325,867
Total Assets
$332,135
Net Assets
$315,847
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
DE
Principal Officer
ALICE BOSLEY
Phone
6104004088
Tax Period
2022-07-01 to 2023-06-30

FIVE ONE LABS INC, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2022. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

FIVE ONE LABS IS A STARTUP INCUBATOR THAT HELPS TALENTED ENTREPRENEURS IN CONFLICT-AFFECTED AREAS LAUNCH THEIR STARTUPS.

Program Service Accomplishments

Program 1
Expenses: $21,760 Revenue: $0

STARTUP INCUBATOR BASRA: BASRA HAD A STARTUP INCUBATOR PROGRAM WHICH ASSISTED MORE THAN 20 ENTREPRENEURS UP TO ITS COMPLETION.

Program 2
Expenses: $24,096 Revenue: $0

ACADEMIC INCUBATOR (AUK) - DUHOK: A STARTUP INCUBATOR PROGRAM ADMINISTERED IN COLLABORATION WITH AUK UNIVERSITY IN DUHOK WHICH ASSISTED MORE THAN 20 ENTREPRENEURS UP TO ITS COMPLETION.

Program 3
Expenses: $16,887 Revenue: $0

FEMALE FOUNDER FELLOWSHIP PROGRAM - BAGHDAD: A STARTUP INCUBATOR PROGRAM ADMINISTERED IN BAGHDAD WHICH ASSISTED MORE THAN 15 FEMALE PARTICIPANTS UP TO ITS COMPLETION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,269,872
Program Service Revenue $14,355
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,284,227

Expense Breakdown

Grants Paid $78,131
Salaries & Benefits $860,642
Fundraising Expenses $55,274
Program Expenses $898,038
Other Expenses $387,094
TOTAL EXPENSES $1,325,867

Year-over-Year Comparison

2022 2021 Change
Revenue $1,284,227 $1,119,447 +0.1%
Expenses $1,325,867 $1,121,277 +0.2%
Net Income $-41,640 $-1,830 +21.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
5
Employees
4
Volunteers
60

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$126,635
Total Directors
7
$126,635
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALICE BOSLEY EXECUTIVE DIRECTOR 40.00
Officer Director
$81,264 $0 $81,264
PATRICIA LETAYF PRESIDENT OF THE BOARD 2.00
Officer Director
$45,371 $0 $45,371
DAVID SIEGEL BOARD MEMBER 0.50
Director
$0 $0 $0
WALID FAZA BOARD MEMBER 0.50
Director
$0 $0 $0
JANE LEU TREASURER 0.50
Officer Director
$0 $0 $0
OSCAR PINEIRO BOARD MEMBER 0.50
Director
$0 $0 $0
HOLLY LEVOW BOARD MEMBER 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $1,284,227 $1,325,867 $332,135 $-41,640
2023 $1,284,227 $1,325,867 $332,135 $-41,640
2022 $1,119,447 $1,121,277 $370,442 $-1,830
2021 $1,178,234 $1,091,260 $367,900 $86,974
2020 $741,850 $759,088 $278,058 $-17,238
2019 $688,900 $416,055 $284,151 $272,845
2018 $182,825 $164,186 $25,538 $18,639
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