Generation Hope
- Assets
- $6.0m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 29
- Location
- Washington, DC
- Founding
- 05/2011
- Data as of
- 06/2022
- EIN
- 27-3554088
Organization Overview
Generation Hope is located in Washington, DC. The organization was established in 2011. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Generation Hope employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Generation Hope 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 Hope generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 41.5% each year . All expenses for the organization totaled $3.1m during the year ending 06/2022. While expenses have increased by 28.1% per year over the past 7 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
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLAR PROGRAM: RECRUITED/FUNDED NEW SCHOLARS FOR THE 2020/2021 ACADEMIC YEAR RAISING TOTAL NUMBER OF GENERATION HOPE SCHOLARS IN DC, MD AND VA AND PROVIDING THEM WITH MENTORING, RESOURCES, AND TRAINING THROUGHOUT THE YEAR. CONDUCTED WORKSHOPS AND INFORMATION SESSIONS ON COLLEGE PREPAREDNESS TO PREGNANT/EXPECTING HIGH SCHOOL STUDENTS.HOPE CONFERENCE: CONDUCTED 8TH SUCCESSFUL HOPE CONFERENCE FOR SCHOLARS. THIS INCLUDED A FULL-DAY CONFERENCE WITH A PANEL DISCUSSION, WORKSHOPS, SEMINARS CONDUCTED BY LOCAL EXPERTS IN THE AREAS OF SELF-EMPOWERMENT, CAREER PREP, GOALS, HEALTHY RELATIONSHIPS, COLLEGE LIFE, ETC.
CHILDREN'S PROGRAM: PROVIDED THE CHILDREN OF OUR SCHOLARS AGES ONE TO FIVE WITH COGNITIVE AND FAMILY SUPPORT TO ENSURE THAT THEY ENTER KINDERGARTEN READY. WE RECRUITED SCHOLARS AND THEIR CHILDREN TO THE PROGRAM AS WELL AS MENTOR FAMILIES TO MATCH THEM WITH, PROVIDING MONTHLY EARLY CHILDHOOD INTERVENTIONS, RESOURCES AND SUPPORT IN MD, DC AND VA.
NATIONAL IMPACT PROGRAM:A TRAINING AND COMMUNICATIONS PROGRAM THAT HELPS OTHER ORGANIZATIONS EXPAND THEIR SUPPORTS OF PARENTING COLLEGE STUDENTS AND INFORMS POLICY MAKERS OF THE NEEDS OF THIS POPULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
N Lewis Founder & CEO | Officer | 40 | $168,585 |
M Barry Member | Trustee | 1 | $0 |
E Carter Member | Trustee | 1 | $0 |
J Cash Member | Trustee | 1 | $0 |
V Clark Member | Trustee | 1 | $0 |
B Corcoran Carlson Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,706 |
| Membership dues | $0 |
| Fundraising events | $109,685 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,430,328 |
| Noncash contributions included in lines 1a–1f | $9,188 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,542,719 |
| Total Program Service Revenue | $71,028 |
| Investment income | $38 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,957 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,605,828 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $208,225 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $190,423 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,621,656 |
| Pension plan accruals and contributions | $27,757 |
| Other employee benefits | $59,503 |
| Payroll taxes | $152,862 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $65,929 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $107,809 |
| Advertising and promotion | $132,534 |
| Office expenses | $0 |
| Information technology | $52,400 |
| Royalties | $0 |
| Occupancy | $188,579 |
| Travel | $60,911 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,979 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,517 |
| Insurance | $18,862 |
| All other expenses | $59,888 |
| Total functional expenses | $3,116,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,156 |
| Savings and temporary cash investments | $2,651,657 |
| Pledges and grants receivable | $2,639,892 |
| 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 | $35,086 |
| Net Land, buildings, and equipment | $18,200 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $434,646 |
| Total assets | $5,976,637 |
| Accounts payable and accrued expenses | $486,720 |
| 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 | $0 |
| Other liabilities | $317,156 |
| Total liabilities | $803,876 |
| Net assets without donor restrictions | $2,940,527 |
| Net assets with donor restrictions | $2,232,234 |
| 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 | $5,976,637 |