Generation Teach Inc
- Assets
- $4.9m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 18
- Location
- Boston, MA
- Founding
- 05/2015
- Data as of
- 09/2022
- EIN
- 46-5126839
Organization Overview
Generation Teach Inc is located in Boston, MA. The organization was established in 2015. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 09/2022, Generation Teach Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Generation Teach 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 09/2022, Generation Teach Inc generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.7% each year . All expenses for the organization totaled $3.5m during the year ending 09/2022. While expenses have increased by 14.5% 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
GENERATION TEACH PARTNERS WITH DISTRICTS TO OFFER SUMMER PROGRAMS TO:(1) ENGAGE MIDDLE-SCHOOL STUDENTS IN SUMMER LEARNING(2) INTRODUCE UNDERGRADUATE AND HIGH-SCHOOL STUDENTS TO TEACHING(3) DEVELOP PROFESSIONAL TEACHERS AS COACHES AND LEADERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERATION TEACH HOSTED 10 COHORTS WITH STUDENTS, FELLOWS AND PROFESSIONAL TEACHERS FROM BOSTON, DENVER, CUMBERLAND, WORCESTER, WESTERN MA AND PROVIDENCE. DURING SUMMER 2022, A TOTAL OF 1542 STUDENTS, 281 TEACHING FELLOWS AND 63 PROFESSIONAL TEACHERS WERE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Karr Chair And Director | OfficerTrustee | 1 | $0 |
Thackston Lundy Treasurer And Director | OfficerTrustee | 1 | $0 |
Laura Zahn CEO And Director | OfficerTrustee | 60 | $176,032 |
Tim Mcmanus Director | Trustee | 1 | $0 |
Shayne Spalten Director | Trustee | 1 | $0 |
Jacky Mccoy Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $30,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $166,665 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,600,153 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,796,818 |
| Total Program Service Revenue | $2,691,200 |
| Investment income | $3,253 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,491,271 |
| 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. | $626,593 |
| Compensation of current officers, directors, key employees. | $52,051 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $725,342 |
| Pension plan accruals and contributions | $7,265 |
| Other employee benefits | $92,181 |
| Payroll taxes | $96,525 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,658 |
| Fees for services: Accounting | $16,005 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $54,509 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,497,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,981,489 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $916,556 |
| 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 | $49,351 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,947,396 |
| Accounts payable and accrued expenses | $67,314 |
| 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 | $0 |
| Total liabilities | $67,314 |
| Net assets without donor restrictions | $4,880,082 |
| Net assets with donor restrictions | $0 |
| 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 | $4,947,396 |