Gen-One Inc
- Assets
- $471.8k
- Revenue
- $357.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Charlotte, NC
- Founding
- 12/2018
- Data as of
- 06/2021
- EIN
- 83-0933681
Organization Overview
Gen-One Inc is located in Charlotte, NC. The organization was established in 2018. 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 06/2021, Gen-One Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gen-One 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 06/2021, Gen-One Inc generated $357.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $214.2k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GENONE PARTNERS WITH TALENTED, FIRST-GENERATION STUDENTS FROM UNDERSERVED COMMUNITIES, HELPING THEM SUCCESSFULLY NAVIGATE TO AND THROUGH COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLAR DEVELOPMENT AND COLLEGE ACCESS PROGRAMMING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ian Joyce Executive Dir. | Officer | 55 | $57,250 |
Don Cleven Chairman | OfficerTrustee | 4 | $0 |
Michele Amoroso Treasurer | OfficerTrustee | 2 | $0 |
Heather Karriker Secretary | OfficerTrustee | 2 | $0 |
Scott Brennan Director | Trustee | 2 | $0 |
Carla Clements Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $341,163 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $356,963 |
| Total Program Service Revenue | $0 |
| Investment income | $27 |
| 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 | $356,990 |
| 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. | $57,250 |
| Compensation of current officers, directors, key employees. | $5,725 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,237 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,508 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $817 |
| Advertising and promotion | $0 |
| Office expenses | $1,649 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,713 |
| 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 | $4,243 |
| All other expenses | $3,769 |
| Total functional expenses | $214,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,240 |
| Savings and temporary cash investments | $372,031 |
| Pledges and grants receivable | $92,500 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $471,771 |
| Accounts payable and accrued expenses | $4,542 |
| 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 | $4,542 |
| Net assets without donor restrictions | $384,729 |
| Net assets with donor restrictions | $82,500 |
| 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 | $471,771 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Gen-One Inc has recieved totaling $84,355.
| Awarding Organization | Amount |
|---|---|
Charlotte Wine & Food Weekend Inc Charlotte, NC | | $58,355 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $15,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iptay Clemson, SC | $124,989,602 | $72,209,791 |
Young Americas Foundation Reston, VA | $108,030,545 | $39,445,693 |
Youth Enrichment Program Of Wilson Wilson, NC | $22,968,665 | $15,099,824 |
Seeding Success Memphis, TN | $15,830,696 | $16,460,800 |
National Association Of Competitive Soccer Clubs Myrtle Beach, SC | $2,349,314 | $12,740,248 |
Emerald Youth Foundation Knoxville, TN | $26,135,509 | $10,102,853 |
National Honorary Beta Club Spartanburg, SC | $16,976,895 | $7,178,910 |
Girls On The Run International Charlotte, NC | $10,723,648 | $6,480,865 |
Tennessee Soccer Club Inc Brentwood, TN | $2,122,655 | $5,672,715 |
Impact Living Services Forest, VA | $3,151,473 | $6,118,517 |
Richmond First Tee Richmond, VA | $10,036,196 | $3,399,029 |
Corners Outreach Inc Peachtree Corners, GA | $1,471,202 | $3,739,961 |