Hour Generation Foundation

Organization Overview

Hour Generation Foundation is located in College Park, MD. The organization was established in 2017. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hour Generation Foundation 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, Hour Generation Foundation generated $472.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $253.1k during the year ending 12/2023. While expenses have increased by 22.3% per year over the past 3 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

HOUR GENERATION FOUNDATION'S MISSION IS TO INSPIRE AND EMPOWER YOUTH TO EPLORE THEIR TALENTS BY PROVIDING INFORMATION, ADVOCACY, AND SERVICE ALLOWING THEM TO MAZIMIZE THEIR POTENTIAL AND REALIZE THEIR SPECIAL GIFTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOUR GENERATION FOUNDATION HOSTS SEVERAL EVENTS THROUGHOUT THE YEAR IN AN EFFORT TO PROVIDE AND EMPOWERMENT TO YOUTH AND TO PROVIDE NECESSARY ITEMS FOR YOUTH IN NEED, SUCH AS FOOD, CLOTHING, AND SCHOOL SUPPLIES.


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Board, Officers & Key Employees

Name (title)Compensation
Houston J Grant
Founder
$0
Beverly Grant-Holston
Vice President
$0
Gail Taylor
Secretary
$0
Medora Frazier
General Manager
$0
Mary Johnson
Executive Assistant
$0
Sherida Turner
Treasurer
$0

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$467,609
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$467,609
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 $4,566
Miscellaneous Revenue$0
Total Revenue $472,175

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