Generation Diamond Corporation
- Assets
- $205.6k
- Revenue
- $805.3k
- Investments
- $0.0
- Employees
- 15
- Location
- Omaha, NE
- Founding
- 05/2016
- Data as of
- 12/2023
- EIN
- 81-2162843
Organization Overview
Generation Diamond Corporation is located in Omaha, NE. The organization was established in 2016. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Generation Diamond Corporation employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Generation Diamond Corporation 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 12/2023, Generation Diamond Corporation generated $805.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 31.0% each year . All expenses for the organization totaled $713.0k during the year ending 12/2023. While expenses have increased by 27.4% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GENERATION DIAMOND EMPOWERS ADULTS 19 AND OLDER TO SUCCEED IN BUILDING A SECURE & STABLE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERATION DIAMOND EXISTS TO EMPOWER ADULTS WHO ARE 19 AND OLDER THROUGH TRANSITIONAL PROGRAMS AND SERVICE TO SUCCEED IN BUILDING A SECURE AND STABLE FUTURE. WE ASSIST WITH IMMEDIATE NEEDS AFTER SIGNIFICANT DISRUPTIONS AND OFFER LONGER-TERM PROGRAMS THAT PROVIDE INTENTIONAL SUPPORT, DIRECTION AND HOPE. GENERATION DIAMOND PROVIDES HOT MEALS, BUS PASSES, CLOTHING, HYGIENE SUPPORT (INCLUDING SHOWERS), JOB SEARCH ASSISTANCE, PERSONAL DOCUMENTATION INCLUDING A STATE ID AND BIRTH CERTIFICATE AND EMPLOYMENT PREPARATION. DURING 2023, A) 231 PEOPLE UTILIZED GENERATION DIAMOND'S SELF-SUFFICIENCY CASE MANAGEMENT PROGRAM THAT HELPS CLIENTS PREPARE FOR AND FIND WORK, TRANSPORTATION TO DOCTOR'S APPOINTMENTS, CLOTHING ASSISTANCE, ECONOMIC ASSISTANCE TO OBTAIN STATE ID, BIRTH CERTIFICATE, AND APPLYING FOR SOCIAL SECURITY. IN ADDITION, SOME OF THESE PARTICIPANTS IN THE CASE MANAGEMENT PROGRAM WERE REFERRED TO DIFFERENT PROGRAMS AND SERVICES IN THE COMMUNITY TO OBTAIN HOUSING ASSISTANCE, MEDICAID ASSISTANCE, PHONE SERVICES, DRUG AND ALCOHOL ADDICTION REHABILITATION TREATMENT CENTERS, AND EMPLOYMENT OPPORTUNTIES; B) 73 PEOPLE UTILIZED GENERATION DIAMOND'S TATTOO REMOVAL PROGRAM TO BETTER PRESENT THEMSELVES TO POTENTIAL EMPLOYERS; C) 2,942 PEOPLE BENEFITED FROM THE HYGIENE SERVICES PROVIDED BY GENERATION DIAMOND; AND D) 4,191 MEALS WERE SERVED TO INDIVIDUALS AND PROVIDED BY LITTLE CEASARS, STEPHEN CENTER, AND WHISPERING ROOTS.
MENTAL HEALTH - GENERATION DIAMOND HAS A NEW PARTNERSHIP WITH UNITED HEALING COUNSELING, LLC. MARIA ELENA CORREA WITH UNITED HEALING HELPS GENERATION DIAMOND BY PROVIDING TRAUMA GROUP THERAPY FOR PARTICIPANTS NEEDING MENTAL HEALTH ASSISTANCE. THE THERAPY GROUPS ARE ALSO SUPPORTED BY THE NEBRASKA DEPARTMENT OF HEALTH AND HUMAN SERVICES (DHHS). DURING 2023, THERE WERE 964 MENTAL HEALTH THERAPY SESSION ATTENDEES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eros Mejia-Hernandez President | OfficerTrustee | 1 | $0 |
Rigoberto Perez-Fuentez Treasurer | OfficerTrustee | 1 | $0 |
Marina Rosado Secretary | OfficerTrustee | 1 | $0 |
Pierre Sagitteh Vice President | OfficerTrustee | 1 | $0 |
Aban Laa Director | Trustee | 1 | $0 |
Blanca Mejia Executive Director | Officer | 40 | $84,934 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $25,044 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,866 |
| All other contributions, gifts, grants, and similar amounts not included above | $749,348 |
| Noncash contributions included in lines 1a–1f | $219,030 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $805,258 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $805,258 |
| 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. | $84,934 |
| Compensation of current officers, directors, key employees. | $16,987 |
| Compensation to disqualified persons | $12,037 |
| Other salaries and wages | $127,163 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,199 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,078 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $18,573 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,070 |
| Advertising and promotion | $11,810 |
| Office expenses | $44,882 |
| Information technology | $5,081 |
| Royalties | $0 |
| Occupancy | $17,646 |
| Travel | $14,314 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $676 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,207 |
| Insurance | $6,405 |
| All other expenses | $11,672 |
| Total functional expenses | $712,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,945 |
| Savings and temporary cash investments | $179,939 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,722 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $205,606 |
| Accounts payable and accrued expenses | $7,658 |
| 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 | $9,584 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,242 |
| Net assets without donor restrictions | $188,364 |
| 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 | $205,606 |