Generation One
- Assets
- $2.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 21
- Location
- Houston, TX
- Founding
- 06/2007
- Data as of
- 06/2022
- EIN
- 20-8442170
Organization Overview
Generation One is located in Houston, TX. The organization was established in 2007. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2022, Generation One employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Generation One is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Generation One generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 5.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GENERATION ONE EXISTS TO BE A CATALYST FOR EFFECTIVE COMMUNITY TRANSFORMATION TO HELP BREAK THE CYCLE OF GENERATIONAL POVERTY. THE MISSION IS TO ENGAGE THE THIRD WARD OF HOUSTON, TX THROUGH THE USE OF EARLY CHILDHOOD DEVELOPMENT, PARENT TRAINING,COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERATON ONE ACADEMY, A PRIVATE CHRISTIAN SCHOOL,FOCUSES ON EARLY CHILDHOOD DEVELOPMENT AND PARENT TRAINING WITH CLASSES FOR AGES 2 THROUGH FIRST GRADE. IN ADDITION TO SMALLER CLASSROOM SETTINGS ON-SITE, COLLABORATIONS WITH LOCAL CHARTER SCHOOLS HELP PROVIDE MORE OPPORTUNITIES FOR LONG-TERM LEARNING AND SUCCESS THAT IS NOT GENERALLY POSSIBLE IN THE SCHOOLS IN THE 3RD WARD, A HIGH POVERTY AREA. THE CHILDREN ALSO RECEIVE TWO MEALS AND A SNACK EACH DAY. THE PARENTING PROGRAMS PROVIDE TRAINING FOR PARENTS AS WELL AS OPPORTUNITIES FOR PARENTS TO PARTICIPATE IN SCHOOL ACTIVITIES, HELP IN CLASSROOMS AND BECOME MORE INVOLVED IN THE LIFE OF THEIR CHILD.
THE AFTER SCHOOL PROGRAMS (LIVE AND MENTORING) HELP PROVIDE A 12 MONTH SCHOOL YEAR. THIS PROGRAM ALSO CONTINUES TO MEET THE NEEDS OF THE CHILDREN WHO HAVE GRADUATED FROM THE ACADEMY BY PROVIDING TRANSPORTAION TO LOCAL CHARTER SCHOOLS. THE PROGRAM INCLUDES TUTORING, MENTORING, FIELD TRIPS, DANCE, SCOUTING & MUSIC PROGRAMS WHICH HELPS KEEP THE OLDER CHILDREN IN A SAFE & POSITIVE LEARNING ENVIRONMENT. PARENTS ARE ENCOURAGED TO VOLUNTEER AND PARTICIPATE IN TRAINING SESSIONS THAT WILL HELP THE FAMILY AS A WHOLE.
THE COMMUNITY REVITALIZATION, VOLUNTEER & OUTREACH PROGRAMS SERVE THE COMMUNITY THROUGH THE MOBILIZATION OF VOLUNTEERS WHO RESPOND TO NEEDS SUCH AS PAINTING HOMES, CLEARING LOTS & DEMOLISHING DELAPIDATED BUILDINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Cowart Board Member | Trustee | 1 | $0 |
Michael Dulaney Vice Chairman | Trustee | 1 | $0 |
Charlie Meyer Board Member | Trustee | 1 | $0 |
Clyde Leuchtag Secretary | OfficerTrustee | 1 | $0 |
Chris Stratton Treasurer | OfficerTrustee | 1 | $0 |
Danny Lovelady Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,560,585 |
| Noncash contributions included in lines 1a–1f | $30,353 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,560,585 |
| Total Program Service Revenue | $0 |
| Investment income | $1,407 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $418,684 |
| Net Income from Fundraising Events | $150,458 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,131,157 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,000 |
| Compensation of current officers, directors, key employees. | $15,750 |
| Compensation to disqualified persons | $780,742 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $70,452 |
| Payroll taxes | $73,994 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,373 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $29,757 |
| Information technology | $34,191 |
| Royalties | $0 |
| Occupancy | $96,678 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,856 |
| Insurance | $25,936 |
| All other expenses | $134,391 |
| Total functional expenses | $1,480,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $838,075 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,483 |
| Net Land, buildings, and equipment | $973,591 |
| Investments—publicly traded securities | $429,048 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,226 |
| Total assets | $2,249,423 |
| Accounts payable and accrued expenses | $20,764 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $650,821 |
| Other liabilities | $6,915 |
| Total liabilities | $678,500 |
| Net assets without donor restrictions | $995,666 |
| Net assets with donor restrictions | $575,257 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,249,423 |