Totals
- Total revenue
- $1,167,184
- Total expenses
- $1,036,282
- Contributions and grants received
- $1,074,029
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $31,328
- Other revenue
- $61,827
- Total assets, end of year
- $1,540,062
- Total liabilities, end of year
- $15,032
- Net assets or fund balances, end of year
- $1,525,030
- Program services expenses (Part IX)
- $704,803
- Management and general expenses
- $221,985
- Fundraising expenses
- $109,494
- Program service expenses (Part III)
- $704,803
Program services were 68.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$1,074,029
-
1g · Noncash contributions included above
$31,923
-
3 · Investment income
total $31,328 · excluded $31,328
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$76,391
-
8b · Fundraising events: direct expenses
$14,564
-
8c · Net income from fundraising events
total $61,827
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $110,207 · program services $77,145 · management and general $11,021 · fundraising $22,041
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $450,768 · program services $339,359 · management and general $50,046 · fundraising $61,363
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $102,271 · program services $78,236 · management and general $10,219 · fundraising $13,816
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $85,013 · program services $3,977 · management and general $79,773 · fundraising $1,263
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $8,538 · program services $1,183 · management and general $5,269 · fundraising $2,086
-
14 · Information technology
total $3,132 · management and general $3,132
-
15 · Royalties
total $0
-
16 · Occupancy
total $27,121 · management and general $27,121
-
17 · Travel
total $6,418 · program services $4,196 · management and general $1,993 · fundraising $229
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $2,686 · management and general $2,686
-
23 · Insurance
total $4,436 · management and general $4,436
-
24a · Other expenses: Scholar & Family Programs
total $167,412 · program services $164,460 · management and general $2,952
-
24b · Other expenses: Software Subscriptions
total $21,095 · program services $14,012 · management and general $4,667 · fundraising $2,416
-
24c · Other expenses: College Prep Services, Tutorin
total $20,723 · program services $20,723
-
24d · Other expenses: Fundraising and Communication
total $13,521 · program services $122 · management and general $9,264 · fundraising $4,135
-
24e · All other expenses
total $12,941 · program services $1,390 · management and general $9,406 · fundraising $2,145
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $130,429 · end of year $96,805
-
2 · Savings and temporary cash investments
beginning of year $1,055,029 · end of year $1,003,571
-
3 · Pledges and grants receivable
beginning of year $204,700 · end of year $409,086
-
4 · Accounts receivable
beginning of year $1,304 · end of year $1,695
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $5,363 · end of year $24,724
-
10a · Land, buildings and equipment: cost or other basis
$10,260
-
10b · Land, buildings and equipment: accumulated depreciation
$8,916
-
10c · Land, buildings and equipment, net
beginning of year $4,028 · end of year $1,344
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
beginning of year $2,858 · end of year $2,837
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $9,583 · end of year $15,032
-
27 · Net assets without donor restrictions
beginning of year $1,196,025 · end of year $1,434,530
-
28 · Net assets with donor restrictions
beginning of year $198,103 · end of year $90,500
Mission and programs · 2024
Mission
GenOne partners with talented, first-generation students from underserved communities from middle school through college, helping them successfully navigate to and through every transition.
-
GenOne is a long-term college prep program serving high-performing, first-generation Scholars from Title I middle schools from eighth grade through college graduation. Beginning in middle school, Scholars receive year-round academic support, ACT preparation, college essays, tours, applications, financial aid and scholarship guidance, mentoring, and career exploration to be scholarship-ready by senior year. GenOne continues supporting Scholars through college persistence to ensure college completion. In the 24-25 SY, GenOne served 281 Scholars from eighth grade through college, a 26% increase from last year. Our high school seniors earned a record $6.7M in scholarships and financial aid, 100% were accepted to four-year colleges, 76% graduated debt-free, and 96% borrowed less than the NC average.
Expenses $704,803 · Grants $27,084
As filed on the 2024 return.
Listed in Part VII
-
Ian Joyce
Executive Dir.
- Total calculated
- $110,207
- From this org
- $99,689
- From related orgs
- $0
- Other
- $10,518
- Hours/week
- 55
-
Scott Brennan
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Don Cleven
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Myah Davis
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Cristy Travaglino
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sara Reid
Director
- Total calculated
- $0
- Hours/week
- 2
-
Lauren Robinson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Maria Lander
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jacob Newton
Director
- Total calculated
- $0
- Hours/week
- 1
-
Carola Crdenas
Director
- Total calculated
- $0
- Hours/week
- 1
-
Neel Parikh
Director
- Total calculated
- $0
- Hours/week
- 1
-
Star Spencer
Director
- Total calculated
- $0
- Hours/week
- 1
-
Melodie Saunders
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ray Chinn
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rianne Lang
Director
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 6 January 2026
- IRS schema version
- 2024v5.2
- Source object
- 202640139349301244
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