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Nonprofiteer
← TYPE ONE INC

Form 990 for tax year 2025

Filed by TYPE ONE INC.

Totals

Total revenue
$690,063
Total expenses
$752,149
Contributions and grants received
$591,813
Grants paid
$5,000
Program service revenue
$0
Investment income
$0
Other revenue
$98,250
Total assets, end of year
$769,910
Total liabilities, end of year
$899,454
Net assets or fund balances, end of year
-$129,544
Program services expenses (Part IX)
$0
Management and general expenses
$333,573
Fundraising expenses
$26,370
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $591,813

  • 6a · Gross rents

    real property $58,150

  • 6c · Rental income or loss

    real property $58,150

  • 6d · Net rental income or loss

    total $58,150

  • 8a · Fundraising events: gross income

    $66,470

  • 8b · Fundraising events: direct expenses

    $26,370

  • 8c · Net income from fundraising events

    total $40,100

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,000

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $284,140

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $31,946

  • 10 · Payroll taxes

    total $19,979

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $2,475

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $26,370 · fundraising $26,370

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $4,806

  • 13 · Office expenses

    total $12,443

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $239,014 · management and general $239,014

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $88,340 · management and general $88,340

  • 23 · Insurance

    total $6,219 · management and general $6,219

  • 24a · Other expenses: Storage

    total $2,500

  • 24b · Other expenses: Special Licensing

    total $15,184

  • 24c · Other expenses: Bank Fees

    total $60

  • 24d · Other expenses: Supplies Misc

    total $11,674

  • 24e · All other expenses

    total $1,999

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,496 · end of year $12,879

  • 10a · Land, buildings and equipment: cost or other basis

    $1,089,696

  • 10b · Land, buildings and equipment: accumulated depreciation

    $332,665

  • 10c · Land, buildings and equipment, net

    beginning of year $828,862 · end of year $757,031

  • 22 · Loans and payables to officers and key people

    beginning of year $785,000 · end of year $785,000

  • 23 · Secured mortgages and notes payable

    beginning of year $154,409 · end of year $114,454

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$95,051 · end of year -$129,544

Mission and programs · 2025

Mission

Diabetes education and research

  • Diabetes Research at Faustman Clinic at Mass General Hospital

As filed on the 2025 return.

Listed in Part VII

  • Paul S Foti

    President

    Total calculated
    $0
    Hours/week
    70 + 70 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
10 April 2026
IRS schema version
2025v4.1
Source object
202621009349300737

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