Generations Academy Corp
- Assets
- $348.3k
- Revenue
- $228.3k
- Investments
- $0.0
- Employees
- 13
- Location
- Chippewa Falls, WI
- Founding
- Data as of
- 06/2022
- EIN
- 86-3299903
Organization Overview
Generations Academy Corp is located in Chippewa Falls, WI. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Generations Academy Corp employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Generations Academy Corp 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 06/2022, Generations Academy Corp generated $228.3k 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 (34.2%) each year. All expenses for the organization totaled $229.5k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
GENERATIONS ACADEMY IS A K12 INDEPENDENT SCHOOL WHERE LEARNERS WILL DEVELOP THEIR PASSIONS THROUGH INNOVATIVE AND LIFELONG LEARNING
Describe the Organization's Program Activity:
Part 3 - Line 4a
NON-DENOMINATIONAL CHRISTIAN K-12 SCHOOL TEACHING QUALITY EDUCATION AND LIFE SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Schippers Chairman | Officer | 5 | $0 |
Sandi Polzin President | Officer | 20 | $0 |
Tom Herro Board Member | Officer | 5 | $0 |
John Mcbride Board Member | Officer | 5 | $0 |
Heather Frisinger Secretary | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $52,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,893 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,893 |
| Total Program Service Revenue | $166,440 |
| 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 | $228,333 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,123 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $120 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $306 |
| Office expenses | $25,361 |
| Information technology | $1,454 |
| Royalties | $5,249 |
| Occupancy | $39,040 |
| Travel | $11,781 |
| 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 | $9,396 |
| Insurance | $3,373 |
| All other expenses | $51 |
| Total functional expenses | $229,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,203 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$960 |
| 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 | $267,014 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $348,257 |
| Accounts payable and accrued expenses | $1,565 |
| Grants payable | $0 |
| Deferred revenue | $22,200 |
| 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 | $13,948 |
| Total liabilities | $37,713 |
| Net assets without donor restrictions | $254,744 |
| Net assets with donor restrictions | $55,800 |
| 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 | $348,257 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Generations Academy Corp has recieved totaling $266,000.
| Awarding Organization | Amount |
|---|---|
Thrivent Charitable Impact & Investing Appleton, WI PURPOSE: GENERAL SUPPORT | $266,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lions Clubs International Ftdn Oak Brook, IL | $351,383,302 | $75,752,011 |
Childrens Cancer Research Fund Minneapolis, MN | $16,189,103 | $22,272,354 |
Forefront Chicago, IL | $3,633,661 | $8,901,727 |
Charity Motors Inc Detroit, MI | $2,508,278 | $4,106,535 |
Detroit Association Of Black Organizations Dabo Inc Detroit, MI | $174,773 | $1,935,579 |
Holl Trust B Presbyterian Home Milwaukee, WI | $34,163,292 | $4,097,383 |
Detroit Lions Charities Allen Park, MI | $661,259 | $1,820,325 |
Urban Alliance Kalamazoo, MI | $4,306,989 | $1,678,413 |
Shoppinggives Foundation Chicago, IL | $463,970 | $1,669,819 |
Lifelab Kids Foundation Ferndale, MI | $1,630,763 | $1,826,227 |
Venn Foundation Saint Paul, MN | $9,147,471 | $5,256,228 |
Givemn Minneapolis, MN | $1,195,446 | $1,190,324 |