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Nonprofiteer
← GENERATION W INC

Form 990 for tax year 2023

Filed by GENERATION W INC.

Totals

Total revenue
$1,032,327
Total expenses
$1,159,996
Contributions and grants received
$910,245
Grants paid
$2,762
Program service revenue
$101,947
Investment income
$22,435
Other revenue
-$2,300
Total assets, end of year
$1,123,933
Total liabilities, end of year
$225,232
Net assets or fund balances, end of year
$898,701
Program services expenses (Part IX)
$922,118
Management and general expenses
$237,878
Fundraising expenses
$0
Program service expenses (Part III)
$922,118

Program services were 79.5% 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

    $910,245

  • 2a · Program service revenue: EVENT MANAGEMENT FEE

    total $64,900 · related or exempt $64,900

  • 2b · Program service revenue: TICKET SALES

    total $37,047 · related or exempt $37,047

  • 3 · Investment income

    total $22,435 · excluded $22,435

  • 10a · Gross sales of inventory

    $6,600

  • 10b · Cost of goods sold

    $8,900

  • 10c · Net income from sales of inventory

    total -$2,300 · related or exempt -$2,300

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $762 · program services $762

  • 2 · Grants to domestic individuals

    total $2,000 · program services $2,000

  • 7 · Other salaries and wages

    total $445,249 · program services $374,009 · management and general $71,240

  • 9 · Other employee benefits

    total $25,055 · program services $21,046 · management and general $4,009

  • 10 · Payroll taxes

    total $37,439 · program services $31,449 · management and general $5,990

  • 11g · Fees: other

    total $352,637 · program services $262,436 · management and general $90,201

  • 13 · Office expenses

    total $25,829 · program services $634 · management and general $25,195

  • 14 · Information technology

    total $18,828 · management and general $18,828

  • 16 · Occupancy

    total $37,910 · program services $18,955 · management and general $18,955

  • 17 · Travel

    total $177 · management and general $177

  • 20 · Interest

    total $1,004 · management and general $1,004

  • 23 · Insurance

    total $4,558 · program services $2,279 · management and general $2,279

  • 24a · Other expenses: EVENT PRODUCTION

    total $208,548 · program services $208,548

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,048,159 · end of year $983,660

  • 4 · Accounts receivable

    beginning of year $72,056 · end of year $21,856

  • 8 · Inventories for sale or use

    beginning of year $109,273 · end of year $101,713

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,535 · end of year $6,535

  • 10a · Land, buildings and equipment: cost or other basis

    $10,169

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $8,274 · end of year $10,169

  • 15 · Other assets

    beginning of year -$5,577 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,031 · end of year $25,913

  • 22 · Loans and payables to officers and key people

    beginning of year $199,319 · end of year $199,319

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,026,370 · end of year $898,701

Mission and programs · 2023

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE TOOLS AND EXPERIENCES TO FURTHER THE EDUCATION, INSPIRATION AND CONNECTION OF WOMEN AND GIRLS IN THE INTEREST OF ELEVATING THEIR FAMILIES AND THE COMMUNITIES IN WHICH THEY LIVE. THE ORGANIZATION DOES THIS PRIMARILY BY HOSTING EVENTS, MENTOR AND CLUB EXPERIENCES FOR GIRLS AND COMMUNITY ENHANCEMENT PROJECTS.

  • GENERATION W IS AN EVER-GROWING AND ENTHUSIASTIC COMMUNITY THAT EMBRACES THE GUIDING TENETS OF EDUCATION, INSPIRATION, AND CONNECTION AND THE POWER OF WOMEN'S LEADERSHIP IN BUILDING COMMUNITY. GENERATION W INCLUDES FOUR KEY ELEMENTS: GENERATION W, GENERATION WOW, GENERATION WORKS, AND THE BEST-SELLING BOOK AND ACCOMPANYING CURRICULUM, "WOWSDOM! THE GIRL'S GUIDE TO THE POSITIVE AND THE POSSIBLE."SEE SCHEDULE O FOR ADDITIONAL ACTIVITIES/EVENTS:GENERATION W'S SIGNATURE EVENT IS A CATALYST FOR CONNECTING AND INSPIRING CHANGEMAKERS, BUSINESS LEADERS AND ENTREPRENEURS, INNOVATORS AND INFLUENCERS. DRAWING A NATIONAL AUDIENCE, GENERATION W IS AN EXPERIENCE THAT CREATES GREATER AWARENESS AND UNDERSTANDING OF THE RELEVANT AND RESONANT ISSUES OF THE DAY AND IDENTIFIES THE ACTION STEPS AVAILABLE TO AFFECT CHANGE.GENERATION W 2023, THE POSITIVE AND THE POSSIBLE, OUR ANNUAL NATIONAL THOUGHT LEADERSHIP EVENT, BROUGHT OVER 2,500 WOMEN AND MEN TOGETHER BOTH IN-PERSON AND VIRTUALLY TO EXPERIENCE THE TRANSFORMATIVE POWER OF GENERATION W. ATTENDEES SPANNED VARIOUS INDUSTRIES AND PROFESSIONS, INCLUDING HEALTHCARE, FINANCE, CONSULTING, PROFESSIONAL SERVICES, EDUCATION, TECHNOLOGY, ENTREPRENEURS, AND MORE. IN 2023, GENERATION W SET NEW STANDARDS AS REPORTED BY ATTENDEES FOR THE QUALITY OF THE SPEAKERS AND CONVERSATIONS THAT CONTINUE TO ENGAGE, EDUCATE, CONNECT AND INSPIRE.WHILE EVERY YEAR'S THEME IS RESONANT, THIS YEAR WAS VERY SPECIAL AS WE BUILT ON GENERATION WOW'S ETHOS OF THE POSITIVE AND THE POSSIBLE. WE CELEBRATED THE 11TH ANNIVERSARY OF THE LAUNCH OF GENERATION WOW, A REMINDER AND ELEVATION OF WHAT CAN BE ACCOMPLISHED WHEN YOU LOOK THROUGH THE LENS OF POSITIVITY TO SEE JUST WHAT CAN BE POSSIBLE. OVER 12,000 GIRLS HAVE BEEN TOUCHED BY THIS PROGRAM, AS WELL AS THOUSANDS OF WOMEN AND FAMILIES WHO HAVE BEEN FORTUNATE TO BE IN THE GENERATION W AND WOW COMMUNITY.GENERATION WOW IS GIRL INSPIRED MOVEMENT THAT EXPOSES GIRLS TO THE POSITIVE AND THE POSSIBLE BY CREATING OPPORTUNITIES FOR LEARNING, INSPIRATION, AND MENTOR CONNECTIONS WITH WOMEN LEADERS. TO DATE, GENERATION WOW HAS REACHED THOUSANDS OF GIRLS ACROSS THE COUNTRY THROUGH ITS COMPREHENSIVE PLATFORM THAT INCLUDES: A YEAR-ROUND CURRICULUM, NATIONAL LEADERSHIP EVENTS, WOW CLUBS, QUARTERLY EVENTS, LEARNING EXCURSIONS, DEDICATED MENTORSHIP, AND COMMUNITY SERVICE PROJECTS. IN 2023, GENERATION WOW HOSTED TWO EVENTS IN ORLANDO, FL AND IN JACKSONVILLE, FL WHERE OVER 1,500 GIRLS AND 250 MENTORS WERE ABLE TO INSPIRE AND FORGE MEANINGFUL CONNECTIONS WITH THE FEMALE LEADERS OF THE FUTURE.IN ADDITION TO THE EVENTS, GENERATION WOW HOSTS AFTER-SCHOOL PROGRAMS UTILIZING OUR OWN UNIQUE CURRICULUM FOCUSED ON FOSTERING LEADERSHIP, MENTAL WELL-BEING, FINANCIAL LITERACY, AND COLLEGE/CAREER PLANNING. IN 2023 THE PROGRAM PARTICIPATION GREW TO OVER 800 GIRLS INVOLVED IN 35 MIDDLE AND HIGH SCHOOLS ACROSS ORLANDO AND JACKSONVILLE.WE WERE EXCITED IN 2023 TO ANNOUNCE THE LAUNCH OF A CAMPAIGN CALLED MULTIPLY THE WOW WHICH IS FOCUSED ON RAISING OVER $3 MILLION TO SUPPORT THE EFFORTS TO SHARE THE WOW MORE DEEPLY AND MORE BROADLY. IT WAS APPROPRIATE THAT THE GRANT'S LAUNCH WAS ANNOUNCED AT GENERATION W, A PROGRAM WHOSE NET PROCEEDS HAVE FUNDED AND SUPPORTED GENERATION WOW'S OPERATIONS TO ENHANCE THE LIVES OF GIRLS AND THE COMMUNITIES.IN 2023 OUR VIRTUAL SERIES REFRESH PROVIDED INVALUABLE OPPORTUNITIES FOR THE W COMMUNITY TO CONVENE, POSE QUESTIONS, AND CONNECT DEEPLY WITH ESTEEMED GUESTS ACROSS DIVERSE FIELDS. THE BI-WEEKLY ZOOM AND FACEBOOK LIVE EVENT EMBRACED PIVOTAL THEMES SUCH AS LEADERSHIP, ENTREPRENEURSHIP, WOMEN'S HEALTH, MENTAL WELL-BEING, AND STRATEGIES FOR A GOOD LIFE.IN ONE OF OUR MOST FULFILLING DAYS OF SERVICE, GENERATION WORKS IS A DEDICATED DAY LED BY WOMEN AND GIRLS WITH THE OBJECTIVE OF BRINGING SUSTAINABLE CHANGE AND IMPACT ON OUR NEIGHBORHOODS. IN PARTNERSHIP WITH DEUTSCHE BANK, ON SEPTEMBER 9, 2023 OVER 250 VOLUNTEERS PARTICIPATED TO REVITALIZE, REPAIR, AND WORK THEIR MAGIC TO TRANSFORM OUR JACKSONVILLE FOR THE GREATER GOOD. SCHOOLS, PARKS, AND LOCAL CHARITABLE ORGANIZATIONS ALIKE BENEFITED FROM THIS COLLECTIVE OUTPOURING OF TIME, EFFORT, AND GOODWILL.

    Expenses $922,118 · Grants $2,762 · Revenue $99,647

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Olenda Johnson

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Jamie Olken

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Donna Orender

    DIRECTOR

    Total calculated
    $0
    Hours/week
    40
  • Lisa Palmer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Akila Raman-Vaseghi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lisa Shalett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Darnell Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael Ward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Melinda Wolfe

    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
2023
Filed
5 December 2024
IRS schema version
2023v5.1
Source object
202423529349301012

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