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Nonprofit · EIN 87-3785168

SQUARE ONE ACTION FUND

Tax-exempt · WASHINGTON, DC 20003

Financials

$9K$11K2023$6K$6K2024
Revenue Expenses · by fiscal year end
Financials of SQUARE ONE ACTION FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990-EZ$5,500$6,101-$601$107$383-$276
June 30, 2024990-EZ$8,550$11,348-$2,798$325–$325
Financial details: 990-EZ for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$5,500

Expenses

Grants and similar amounts paid
$5,000
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$416
Professional fees and payments to contractors
$358
Other expenses
$327
Program services (functional)
$5,250

Balance sheet and other

Total assets, start of year
$325
Total assets, end of year
$107
Total liabilities, end of year
$383
Net assets, end of year
-$276
Cash, savings and investments
$107
Gross receipts
$5,500

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
SANJAY SATHEDIRECTOR0.5$0
WILLIAM LEVITTPRESIDENT1$0
ANITA SATHETREASURER0.5$0
MITI SATHECHAIRMAN0.5$0
990-EZ for the year ended June 30, 2024: 4 people
NameTitleHours / weekCompensation
William LevittPresident1$0
Anita SatheTreasurer0.5$0
Miti SatheChairman0.5$0
Sanjay SatheDirector0.5$0

Address and contacts

Address (IRS master file)
PO BOX 15845, WASHINGTON, DC 20003-0845
In care of
% WILL LEVITT
Signed the 990-EZ
TONY VARGAS, PRESIDENT
Phone
(202) 552-0221
Return prepared by
MBA CONSULTING GROUP

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.

990-EZ for the year ended June 30, 2025

Program accomplishments

  • 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.
    Expenses $5,250 · grants $5,000

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

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990-EZ on file
2023June 30, 2024November 15, 2024990-EZ on file

IRS record

EIN
87-3785168
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
2022
Accounting year ends
June
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$107
Income (IRS master file)
$5,500

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZJune 2025$5,500$6,101$107IRS
990-EZJune 2024$8,550$11,348$325IRS
990-EZJune 2023–––IRS
990-EZJune 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 87-3785168).

Questions about SQUARE ONE ACTION FUND

What is the EIN of SQUARE ONE ACTION FUND?
The employer identification number (EIN) of SQUARE ONE ACTION FUND is 87-3785168.
Is SQUARE ONE ACTION FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2022.
Are donations to SQUARE ONE ACTION FUND tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does SQUARE ONE ACTION FUND file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of SQUARE ONE ACTION FUND 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 SQUARE ONE ACTION FUND last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
Who are the officers and directors of SQUARE ONE ACTION FUND?
The 990-EZ for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does SQUARE ONE ACTION FUND have?
On its 990-EZ for the year ended June 30, 2025 it reported revenue of $5,500, expenses of $6,101 and total assets of $107 at year end.

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