Generation U Inc
- Assets
- $40.2k
- Revenue
- $309.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Steamboat Springs, CO
- Founding
- 06/2019
- Data as of
- 12/2023
- EIN
- 84-1978503
Organization Overview
Generation U Inc is located in Steamboat Springs, CO. The organization was established in 2019. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Generation U 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 12/2023, Generation U Inc generated $309.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $454.0k during the year ending 12/2023. 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 U IS DEDICATED TO GIVING SAFE WATER TO EVERY PERSON IN UGANDA, AFRICA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECTS ORGANIZATON PROVIDES OPPORTUNITIES FOR TRIPS TO UGANDA TO INSTALL WELLS. IN THE CURRENT YEAR, 16 PEOPLE TRAVELED TO UGANDA TO BUILD 10 WELLS. THESE WELLS PROVIDED 80,000 PEOPLE WITH CLEAN WATER.
ATHLETICS ATHLETES ARE TAKING THE SKILLS THEY LEARN ON THE PLAYING FIELD, LIKE HARD WORK, DEDICATION, DISCIPLINE, AND ACCOUNTABILITY, AND APPLYING THEM TO SOLVING REAL -WORLD PROBLEMS.
HYGIENE & SANITATION TEAM OUR HYGIENE AND SANITATION TEAM CURRENTLY WORKS WITH 40 VILLAGES, OVER 200,000 PEOPLE, TO EDUCATE AND TRAIN THOSE VILLAGES ON PROPER HYGIENE PRATICES. THIS IS HELPING TO REDUCE WATER BORN ILLNESSES IN THOSE COMMUNITIES.
WASH SPORTS PROGRAM SPORTS, MUCH LIKE WATER, TRANSCEND ALL BARRIERS, SEAMLESSLY BLENDING DIVERSE PEOPLE INTO A UNIFIED STREAM OF HUMANITY. WE LEVERAGE SPORTS TO MOBILIZE THOUSANDS, UTILIZING THE PLATFORM TO FACILITATE HYGIENE EDUCATION THROUGHOUT THE BROADER COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Cobb Chair | OfficerTrustee | 40 | $66,875 |
Bridget Cobb Secretary | OfficerTrustee | 1 | $0 |
Nick Cornwell Vice Chair | OfficerTrustee | 1 | $0 |
Nathan Hamby Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $147,825 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $112,158 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $259,983 |
| Total Program Service Revenue | $80,000 |
| Investment income | $778 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$31,035 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $309,726 |
| 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. | $66,876 |
| Compensation of current officers, directors, key employees. | $6,688 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,291 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,277 |
| Fees for services: Accounting | $3,654 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,971 |
| Office expenses | $7,068 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,654 |
| Travel | $15,412 |
| 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 | $1,175 |
| All other expenses | $22,057 |
| Total functional expenses | $454,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,209 |
| Savings and temporary cash investments | $3 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $40,212 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $40,212 |
| 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 | $40,212 |