EIN 42-1710230

One Million Degrees

IRS 501(c) type
501(c)(3)
Num. employees
63
Year formed
2006
Most recent tax filings
2023-06-01
NTEE code, primary
Description
One Million Degrees accelerates community college students' progress on career pathways to economic mobility through providing a scholar development model that includes financial and case management resources, as well as access to academic and professional resources. Each scholar receives personalized case management and support from a program coordinator located on their campus. Bi-weekly meetings with the coordinator ensure individualized support for each scholar. One Million Degrees is located in Chicago, IL.
Also known as...
Illinois Education Foundation
Total revenues
$26,152,227
2023
Total expenses
$6,923,352
2023
Total assets
$25,793,712
2023
Num. employees
63
2023

Program areas at One Million Degrees

Individualized support - omd program staff regularly communicate with caseloads of scholars, becoming trusted advisors and advocates. Staff members encourage scholars to hold themselves accountable as they progress toward their goals by using motivational interviewing and regular performance evaluations that give scholars the opportunity to reflect on their progress and their challenges. Program staff also manage new student recruitment and onboarding, data collection and analysis, program volunteers, and the continuous improvement of omd programming and curriculum.
Student development - in addition to these financial supports, omd scholar development model includes a robust set of academic, personal, and professional supports. In the school year, omd provided weekly individualized tutoring to scholars at all college course levels. Omd hosts monthly personal and professional development workshops in which scholars learn business communication skills, personal financial literacy and planning, civic engagement and leadership development. They are also matched with One of omd's volunteer coaches who work with them on professional goal setting, resume development, interview skills, and post-graduate career planning. Scholars also had the opportunity to participate in experiential events to apply the skills they are learning. Ok these events include omd's career and resource fair, where scholars have the opportunity to learn about job opportunities and resources available in their community and colleges; and speed networking - a networking event where scholars practice their elevator pitches with volunteers.
Tuition and stipends - omd provided last-dollar scholarships (funding to cover any gaps between a scholar's financial aid award and tuition costs) and educational stipends. These stipends defray scholars' educational expenses such as books, technology, transportation, and childcare. Omd also offers enrichment grants to scholars who apply. These grants can be up to $250 and are meant to defray one-time costs that will help scholars advance in their chosen career, such as organization dues, conference fees or accreditation test costs.

Who funds One Million Degrees

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Silicon Valley Community Foundation (SVCF)Education$7,000,000
Pricewaterhousecoopers Charitable Foundation (PCCF)Education$3,000,000
Arie and Ida Crown MemorialProgram$1,000,000
...and 41 more grants received totalling $15,430,199

Personnel at One Million Degrees

NameTitleCompensation
Aneesh SohoniChief Executive Officer$258,661
Wayne KnoxChief Operating Officer
Josh HoenChief Advancement Officer
Rita RaichoudhuriChief Program Officer
Andrew FeinbergPrincipal , Deloitte Consulting , LLP$0
...and 30 more key personnel

Financials for One Million Degrees

RevenuesFYE 06/2023
Total grants, contributions, etc.$25,702,691
Program services$341,442
Investment income and dividends$249,178
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-142,972
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,888
Total revenues$26,152,227

Form 990s for One Million Degrees

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-10990View PDF
2021-062022-04-05990View PDF
2020-062021-05-20990View PDF
2019-062020-12-16990View PDF
...and 8 more Form 990s

Organizations like One Million Degrees

OrganizationLocationRevenue
After School MattersChicago, IL$38,509,670
Atlanta Speech SchoolAtlanta, GA$33,890,215
ExpandED SchoolsNew York, NY$15,447,228
Communities in Schools of the South PlainsLubbock, TX$8,110,067
Seoseizing Every Opportunitygolkin (SEO)New York, NY$45,778,804
Communities in Schools of San AntonioSan Antonio, TX$21,431,732
Jobs for Maine's Graduates (JMG)Augusta, ME$18,237,125
Third Street Music School SettlementNew York, NY$12,190,339
Settlement Music SchoolPhiladelphia, PA$12,058,099
New Visions for Public SchoolsNew York, NY$27,412,251
Data update history
August 11, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 1, 2024
Updated personnel
Identified 1 new personnel
July 20, 2024
Received grants
Identified 2 new grant, including a grant for $60,000 from Polk Bros Foundation
June 19, 2024
Updated personnel
Identified 2 new personnel
May 19, 2024
Received grants
Identified 4 new grant, including a grant for $103,508 from American Online Giving Foundation
Nonprofit Types
SchoolsEducational service providersCharities
Issues
Education
Characteristics
LobbyingFundraising eventsState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsGala fundraisersTax deductible donationsAccepts online donations
General information
Address
180 N Wabash 310
Chicago, IL 60601
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
onemilliondegrees.org/ 
Phone
(312) 920-9605
IRS details
EIN
42-1710230
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2006
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B90: Educational Services
NAICS code, primary
6116: Other Schools and Instruction
Parent/child status
Independent
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