Generation - You Employed Inc
- Assets
- $35.4m
- Revenue
- $34.4m
- Investments
- $0.0
- Employees
- 30
- Location
- Washington, DC
- Founding
- 10/2014
- Data as of
- 12/2022
- EIN
- 47-1073442
Organization Overview
Generation - You Employed Inc is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Generation - You Employed Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Generation - You Employed 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 12/2022, Generation - You Employed Inc generated $34.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $31.9m during the year ending 12/2022. While expenses have increased by 25.6% 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
OUR MISSION IS TO TRANSFORM EDUCATION TO EMPLOYMENT SYSTEMS TO PREPARE, PLACE, AND SUPPORT PEOPLE INTO LIFE-CHANGING CAREERS THAT WOULD OTHERWISE BE INACCESSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERATION: YOU EMPLOYED, INC. (GYE), IS A NONPROFIT THAT BELIEVES IN THE POWER OF EMPLOYMENT TO CHANGE LIVES. THEY PREPARE, PLACE, AND SUPPORT PEOPLE INTO CAREERS THAT WOULD OTHERWISE BE INACCESSIBLE ACROSS 17 COUNTRIES, AND ADVOCATE FOR NEW APPROACHES THAT WILL OPEN UP OPPORTUNITIES TO EVERYONE. TO DATE, MORE THAN 96,000 PEOPLE HAVE GRADUATED FROM GENERATION: YOU EMPLOYED, INC. PROGRAMS, TOGETHER EARNING MORE THAN $890 MILLION IN WAGES. GENERATION: YOU EMPLOYED, INC. WORKS WITH MORE THAN 13,000 EMPLOYERS AND MANY IMPLEMENTATION PARTNERS AND FUNDERS. FOR MORE, VISITGENERATION.ORG.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Corb Director | Trustee | 1 | $0 |
Wendy Kopp Director | Trustee | 1 | $0 |
Salah-Eddine Kandri Director | Trustee | 1 | $0 |
Maysa Jalbout Director | Trustee | 1 | $0 |
Scott Mckinley Director | Trustee | 1 | $0 |
Anne-Marie Slaughter Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Material Holdings Llc Media Services | 12/30/22 | $475,000 |
Incrementa Consulting Sa De Cv Consulting | 12/30/22 | $248,567 |
Darby Films Inc It Services | 12/30/22 | $248,297 |
Papaya Global Inc Professional Employer Organization | 12/30/22 | $235,921 |
Fineas Media Inc Media Services | 12/30/22 | $165,784 |
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 | $32,420,675 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,420,675 |
| Total Program Service Revenue | $1,980,335 |
| Investment income | $39,460 |
| 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 | $34,440,470 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $674,864 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $13,935,007 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,901,273 |
| Compensation of current officers, directors, key employees. | $1,262,434 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,717,096 |
| Pension plan accruals and contributions | $167,715 |
| Other employee benefits | $1,442,137 |
| Payroll taxes | $238,831 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $367,908 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,086,370 |
| Advertising and promotion | $98,422 |
| Office expenses | $142,080 |
| Information technology | $377,042 |
| Royalties | $0 |
| Occupancy | $14,046 |
| Travel | $61,176 |
| 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 | $198 |
| Insurance | $0 |
| All other expenses | $680,090 |
| Total functional expenses | $31,946,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,634,866 |
| Savings and temporary cash investments | $13,254,051 |
| Pledges and grants receivable | $14,847,840 |
| Accounts receivable, net | $3,196,335 |
| 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 | $2,437,785 |
| 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 | $35,370,877 |
| Accounts payable and accrued expenses | $1,613,000 |
| 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 | $1,613,000 |
| Net assets without donor restrictions | $7,916,863 |
| Net assets with donor restrictions | $25,841,014 |
| 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 | $35,370,877 |