Related parties
Related-party relationships are disclosed, reviewed and documented rather than assumed.
Nonprofit information
What OMS2 is, and is not, today.
OMS2 publishes verified facts, clearly separates them from plans, and adds governance, financial and program materials as they are approved.
Organization status
- Currently operates
- A launch-stage 501(c)(3) nonprofit organization, its website, its fundraising, volunteer and partnership outreach, and OMS2 Build Studio, a paid product-development service.
- Is preparing
- The first Founder Builder pilot: curriculum, mentors and instructors, Chicagoland partnerships, funding and evaluation procedures.
- Proposes
- A free, approximately eight-week cohort of 25–50 founders, Chicagoland-first with remote access where practical. Size, duration, dates and venue are not confirmed.
- Has not yet launched
- Any cohort, the startup accelerator, regional ecosystem programming, national remote programming or multi-region expansion.
Organization status
Basic facts about the legal entity.
| Document or fact | Current status | Availability | Last updated |
|---|---|---|---|
| Legal organization name | Published | One Million Small Startups Incorporated | September 17, 2026 |
| Federal tax ID (EIN) | Published | 88-1253404 | September 17, 2026 |
| Federal tax status | Published | 501(c)(3) nonprofit | September 17, 2026 |
| State of incorporation | In development | Published after documentary verification. | Not yet published |
| Illinois charitable registration | In development | Published after documentary verification. | Not yet published |
| IRS determination letter | To be published following approval | A public copy will be posted after review for private information. | Not yet published |
Governance
Who is accountable for the organization.
| Document or fact | Current status | Availability | Last updated |
|---|---|---|---|
| Leadership information | To be published following approval | This information will be published as governance documentation is finalized. | Not yet published |
| Board of Directors | To be published following approval | This information will be published as governance documentation is finalized. | Not yet published |
| Advisors | Not yet required | No advisory roster is published. | Not yet published |
Program status
What OMS2 is building and how far along it is.
| Document or fact | Current status | Availability | Last updated |
|---|---|---|---|
| Founder Builder Program (Phase 1) | In development | The proposed pilot structure, curriculum and measurement plan are published on the Founder Builder page. Cohort size, duration, dates and venue are proposed, not confirmed. | September 17, 2026 |
| Cohort dates and venue | In development | No cohort dates or venue have been confirmed. | Not yet published |
| Startup Accelerator (Phase 2) | In development | A future program described on the accelerator page. Not operating and not accepting companies. | September 17, 2026 |
| OMS2 Build Studio | In development | A paid product-development service described on the Build Studio page. It is accepting project requests. Purchases are commercial service revenue, are not charitable donations, and do not affect accelerator eligibility or selection. No completed client projects are claimed. | September 18, 2026 |
| Program results and impact data | Not yet required | No cohort has been delivered, so no outcomes, participant counts or impact figures are reported. | Not yet published |
| Confirmed sponsors and partners | Not yet required | No sponsorships or partnerships are confirmed, so no logos or partner names are displayed. | Not yet published |
Financial transparency
Budgets, filings and fundraising figures.
| Document or fact | Current status | Availability | Last updated |
|---|---|---|---|
| Current organizational budget | In development | Published when approved. | Not yet published |
| Approved pilot budget | Under board review | The pilot budget is being finalized and is subject to board approval. | Not yet published |
| Pilot fundraising target | Under board review | Being finalized. See the support page for current use-of-funds categories. | September 17, 2026 |
| Build Studio service revenue reporting | In development | Build Studio invoices and payments are recorded as commercial service revenue in a separate system of record from donations, sponsorships and event income. Reporting treatment is subject to accountant review before any figures are published. | September 18, 2026 |
| Latest Form 990 or 990-N | To be published following approval | The applicable filing will be published when available for public release. | Not yet published |
| Donation acknowledgment information | Available upon request | Request contribution documentation at hi@oms2.org. | Available upon request |
Policies
Governance policies that shape how OMS2 makes decisions.
| Document or fact | Current status | Availability | Last updated |
|---|---|---|---|
| Conflict-of-interest policy | To be published following approval | Published when approved and prepared for public access. | Not yet published |
| Related-party transaction policy | To be published following approval | Published when approved and prepared for public access. | Not yet published |
| Social-venture disclosure policy | To be published following approval | Disclosure procedures will be published after approval. | Not yet published |
Reports and disclosures
What OMS2 will publish as activity begins.
| Document or fact | Current status | Availability | Last updated |
|---|---|---|---|
| Annual report | Not yet required | The first annual report follows initial operating activity. | Not yet published |
| Pilot evaluation report | Not yet required | Planned measures are published on the Founder Builder page. Results follow the first cohort. | Not yet published |
| Fundraising event disclosures | Not yet required | No fundraising events are currently published. | September 17, 2026 |
Request documentation.
Governance and documentation requests can be sent to hi@oms2.org. Private signatures, home addresses and confidential board records are not published.