Generator Inc
- Assets
- $1.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 34
- Location
- Burlington, VT
- Founding
- 06/2014
- Data as of
- 06/2022
- EIN
- 46-3848431
Organization Overview
Generator Inc is located in Burlington, VT. The organization was established in 2014. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Generator Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Generator Inc 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, Generator Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $732.5k during the year ending 06/2022. While expenses have increased by 9.1% 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
GENERATOR IS A COMBINATION OF ARTIST STUDIO, CLASSROOM, AND BUSINESS INCUBATOR AT THE INTERSECTION OF ART, SCIENCE, AND TECHNOLOGY. WE PROVIDE TOOLS, EXPERTISE, EDUCATION AND OPPORTUNITY TO ENABLE ALL MEMBERS OF OUR COMMUNITY TO CREATE, COLLABORATE, AND TO MAKE THEIR IDEAS REALITY. GENERATOR PROVIDES YOUTH STEM/STEAM AND WORK-BASED LEARNING PROGRAMS FOR YOUTH AROUND VERMONT; HANDS-ON, EXPERIENTIAL EDUCATION FOR ADULTS OF ALL AGES; AND MEMBERSHIP FOR SHARED WORKSHOPS INCLUDING WOOD, METAL, JEWELRY, RAPID PROTOTYPING, SEWING, ELECTRONICS, AND A COMPUTER LAB WITH DESIGN SOFTWARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERATOR PROVIDES TOOLS AND COMMUNITY ACCESSIBLE SPACE TO OVER 200 EDUCATORS, MAKERS, ARTISTS AND ENTREPRENERUS. IN ADDITION, OUTREACH EFFORTS HAVE INCLUDED A "MAKER IN RESIDENCE" PROGRAM, WHICH HAS GIVEN NINE MAKERS THE OPPORTUNITY TO WORK COLLABORATIVELY WITH OUR COMMUNITY TO SOLVE A TECHNICAL OR ARTISTIC CHALLENGE. "BIG MAKER" SPEAKER SERIES BRINGS INNOVATORS TO VERMONT TO INSPIRE AND CONNECT WITH THE COMMUNITY AT LARGE. GENERATOR HAS BEEN WORKING CLOSELY WITH A SELECT GROUP OF LOCAL MIDDLE AND HIGH SCHOOLS TO UNDERSTAND HOW WE CAN SUPPORT THE MOVEMENT TOWARDS STEM- BASED CURRICULUM, HANDS ON INSTRUCTION THROUGH PROJECT-BASED LEARNING, AND PERSONALIZED LEARNING PLANS: MAKER TEACHING ASSISTANTS, MAKERS IN THE CLASSROOM AND EDUCATOR IN RESIDENCE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Harvey President | OfficerTrustee | 5 | $0 |
Dave Gurtman Vice Preside | OfficerTrustee | 5 | $0 |
Ryan Black-Deegan Treasurer | OfficerTrustee | 5 | $0 |
Denise Shekerjian Secretary | OfficerTrustee | 5 | $0 |
Doug Webster Director | Trustee | 2 | $0 |
Steve Conant Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,111 |
| All other contributions, gifts, grants, and similar amounts not included above | $829,916 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $880,027 |
| Total Program Service Revenue | $320,880 |
| Investment income | $222 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$493 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,200,636 |
| 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. | $85,809 |
| Compensation of current officers, directors, key employees. | $32,179 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $340,309 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,226 |
| Payroll taxes | $32,616 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $538 |
| Fees for services: Accounting | $21,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,756 |
| Office expenses | $3,672 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,551 |
| Travel | $157 |
| 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 | $19,671 |
| Insurance | $12,542 |
| All other expenses | $26,604 |
| Total functional expenses | $732,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $444,978 |
| Savings and temporary cash investments | $229,979 |
| Pledges and grants receivable | $226,000 |
| Accounts receivable, net | $7,700 |
| 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 | $0 |
| Net Land, buildings, and equipment | $340,967 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,305 |
| Total assets | $1,255,929 |
| Accounts payable and accrued expenses | $28,528 |
| 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 | $5,372 |
| Total liabilities | $33,900 |
| Net assets without donor restrictions | $712,572 |
| Net assets with donor restrictions | $509,457 |
| 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 | $1,255,929 |