Generationed
- Assets
- $19.6m
- Revenue
- $28.6m
- Investments
- $0.0
- Employees
- 455
- Location
- Greensboro, NC
- Founding
- 11/1967
- Data as of
- 12/2022
- EIN
- 56-0863474
Organization Overview
Generationed is located in Greensboro, NC. The organization was established in 1967. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 12/2022, Generationed employed 455 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Generationed 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, Generationed generated $28.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $28.5m during the year ending 12/2022. While expenses have increased by 5.5% per year over the past 8 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.
Since 2015, Generationed has awarded 18 individual grants totaling $243,619. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWERING AND INSPIRING YOUNG CHILDREN AND FAMILIES TO BUILD SKILLS, RESILIENCE AND CONFIDENCE TO FUFILL THEIR VISION OF SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN AND FAMILIES FIRST'S HEAD START/EARLY HEAD START PROGRAM OPERATES THIRTEEN CHILD CARE CENTERS IN GUILFORD COUNTY, ONE CHILD CARE CENTER IN ROCKINGHAM COUNTY, AND ONE HOME-BASED PROGRAM FOR 1,128 DISADVANTAGED CHILDREN. THE PROGRAM FOCUSES ON OUTCOMES FOR CHILDREN EMOTIONALLY, SOCIALLY, PHYSICALLY, AND INTELLECTUALLY BY ADDRESSING PRENATAL CARE, HEALTHY FAMILIES AND QUALITY CLASSROOMS. THIRTEEN CENTERS HOLD THE FIVE STAR LICENSING RATING AND THE NATIONAL ASSOCIATION FOR EDUCATION OF YOUNG CHILDREN (NAEYC) RATING WIH REVIEW UNDER WAY FOR ONE CENTER. WE ALSO CURRENTLY EMPLOY BIRTH THROUGH KINDERGARTEN (BK) LICENSED/ CERTIFIED TEACHERS IN ALL OF OUR FOUR-YEAR OLD CLASSROOMS. CHILDREN AND FAMILIES IN NEED RECEIVED QUALITY EDUCATION, HEALTH AND FAMILY SUPPORT SERVICES CONTRIBUTING TO SCHOOL READINESS FOR THE CHILDREN, AND THE HEALTH AND WELL-BEING OF THE FAMILIES. CFF CHILDREN RECEIVED 731 MEDICAL EXAMS AND 585 DENTAL EXAMS.
NURSE FAMILY PARTNERSHIP; FAMILY LITERACY; SCHOOL READINESS AND NC PRE-K.
CHILD CARE RESOURCE & REFERRAL PROVIDED CHILDCARE INFORMATION TO PARENTS, CHILD CARE SCHOLARSHIPS FOR WORKING FAMILIES, AND TRAINING AND TECHNICAL ASSISTANCE FOR CHILD CARE PROVIDERS. 574 CHILDREN WERE SERVED AS A RESULT OF CHILD CARE REFERRALS. 163 CHILD CARE SCHOLARSHIPS WERE ISSUED. SPECIALISTS PROVIDED ONSITE TECHNICAL ASSISTANCE VISITS TO 555 CLASSROOMS. 1,098 CHILD CARE PROVIDERS WHO WERE TRAINED THROUGH 337 WORKSHOPS. A DATABASE OF 344 CHILD CARE CENTERS AND HOMES WAS MAINTAINED FOR GUILFORD COUNTY.
THE CHILD AND ADULT CARE FOOD PROGRAM CATERED 321,716 NUTRITIOUS MEALS TO CFF CENTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Martin Chairperson | OfficerTrustee | 4 | $0 |
Odell Cleveland Vice Chairperson | OfficerTrustee | 4 | $0 |
Renae Sigmon Secretary | OfficerTrustee | 4 | $0 |
Bonita Sherrod Treasurer | OfficerTrustee | 4 | $0 |
Michele Deuterman Board Member | Trustee | 2 | $0 |
Mark Hagenbuch Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Family Ventures Llc Caterer | 12/30/22 | $251,772 |
Kindermission Academy Childcare Partner | 12/30/22 | $188,326 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,022,906 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,229,232 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,848,527 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,100,665 |
| Total Program Service Revenue | $2,465,116 |
| Investment income | $25,966 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,615 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,598,362 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,614 |
| Grants and other assistance to domestic individuals. | $279,236 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $339,644 |
| Compensation of current officers, directors, key employees. | $339,644 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,016,600 |
| Pension plan accruals and contributions | $861,789 |
| Other employee benefits | $1,607,889 |
| Payroll taxes | $1,173,476 |
| Fees for services: Management | $4,470 |
| Fees for services: Legal | $68,125 |
| Fees for services: Accounting | $60,862 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $766,271 |
| Advertising and promotion | $11,526 |
| Office expenses | $180,235 |
| Information technology | $1,877,481 |
| Royalties | $0 |
| Occupancy | $1,421,846 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $733,206 |
| Interest | $76,158 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,169,696 |
| Insurance | $200,088 |
| All other expenses | $399,851 |
| Total functional expenses | $28,535,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,307,755 |
| Savings and temporary cash investments | $524,104 |
| Pledges and grants receivable | $3,192,082 |
| Accounts receivable, net | $103,452 |
| 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 | $153,802 |
| Net Land, buildings, and equipment | $11,273,867 |
| Investments—publicly traded securities | $187,226 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,897,585 |
| Total assets | $19,639,873 |
| Accounts payable and accrued expenses | $1,813,488 |
| 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 | $681,503 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,980,055 |
| Total liabilities | $5,475,046 |
| Net assets without donor restrictions | $3,834,846 |
| Net assets with donor restrictions | $10,329,981 |
| 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 | $19,639,873 |
Grants Awarded
Over the last fiscal year, Generationed has awarded $25,614 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ROCKINGHAM COUNTY PARTNERSHIP FOR CHILDREN CCR&R PURPOSE: TO PROVIDE CCR&R CORE SERVICES IN ROCKINGHAM COUNTY TO ENSURE DELIVERY OF DCDEE INFORMATION. | $18,134 |
RANDOLPH COUNTY PARTNERSHIP FOR CHILDREN CCR&R PURPOSE: TO PROVIDE CCR&R CORE SERVICES IN RANDOLPH COUNTY TO ENSURE DELIVERY OF DCDEE INFORMATION. | $7,480 |