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← LIBERATION IN A GENERATION INC

Form 990 for tax year 2023

Filed by LIBERATION IN A GENERATION INC.

Totals

Total revenue
$1,101,239
Total expenses
$10,089
Contributions and grants received
$1,100,001
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$1,238
Total assets, end of year
$1,094,900
Total liabilities, end of year
$3,750
Net assets or fund balances, end of year
$1,091,150
Program services expenses (Part IX)
$8,655
Management and general expenses
$1,254
Fundraising expenses
$180
Program service expenses (Part III)
$8,655

Program services were 85.8% 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

    $1,100,001

  • 11a · Other revenue: REIMBURSEMENT INCOME

    total $1,238 · related or exempt $1,238

  • 11e · Other revenue, total

    $1,238

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $3,750 · program services $3,750

  • 14 · Information technology

    total $6,199 · program services $4,905 · management and general $1,114 · fundraising $180

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $100 · management and general $100

  • 24b · Other expenses: PROCESSING FEES

    total $40 · management and general $40

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $1,093,749

  • 9 · Prepaid expenses and deferred charges

    end of year $1,151

  • 17 · Accounts payable and accrued expenses

    end of year $3,750

  • 27 · Net assets without donor restrictions

    end of year $1,091,150

Mission and programs · 2023

Mission

LIBERATION IN A GENERATION (LIBGEN) IS A MOVEMENT SUPPORT ORGANIZATION DEDICATED TO ADVANCING THE ECONOMIC LIBERATION OF PEOPLE OF COLOR WITHIN ONE GENERATION. FORMED IN 2019, LIBGEN IS DEDICATED TO BUILDING THE POWER OF PEOPLE OF COLOR TO TOTALLY TRANSFORM THE ECONOMYWHO CONTROLS IT, HOW IT WORKS, AND MOST IMPORTANTLY, FOR WHOM. WE BRING TOGETHER ADVOCATES, COMMUNITY ORGANIZERS, ECONOMISTS, AND OTHER PROVEN AND EMERGING LEADERS OF COLOR ACROSS THE COUNTRY TO BUILD A LIBERATION ECONOMY, WITHIN ONE GENERATION.

Activities or mission (Part I)

WE AIM TO CREATE POLITICAL AND ECONOMIC CHANGE WHERE PEOPLE OF COLOR PROSPER. THIS MEANS TEARING DOWN SYSTEMS OF OPPRESSION THAT EXTRACT FROM, DEVALUE, AND EXPLOIT BLACK, LATINE, LOW AND MODERATE INCOME ASIAN, AND INDIGENOUS PEOPLE. IT MEANS BUILDING A LIBERATION ECONOMY WHERE ALL PEOPLE OF COLOR HAVE OUR BASIC NEEDS MET, ARE SAFE FROM HARM, ARE VALUED, AND BELONG.

  • LIBERATION IN A GENERATION (LIBGEN) IS A MOVEMENT SUPPORT ORGANIZATION DEDICATED TO ADVANCING THE ECONOMIC LIBERATION OF PEOPLE OF COLOR WITHIN ONE GENERATION. FORMED IN 2019, LIBGEN IS DEDICATED TO BUILDING THE POWER OF PEOPLE OF COLOR TO TOTALLY TRANSFORM THE ECONOMYWHO CONTROLS IT, HOW IT WORKS, AND MOST IMPORTANTLY, FOR WHOM. WE BRING TOGETHER ADVOCATES, COMMUNITY ORGANIZERS, ECONOMISTS, AND OTHER PROVEN AND EMERGING LEADERS OF COLOR ACROSS THE COUNTRY TO BUILD A LIBERATION ECONOMY, WITHIN ONE GENERATION.

    Expenses $8,655

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

Listed in Part VII

  • Ana Maria Argudo-Lord

    CHIEF OPERATIONS OFFICER

    Total calculated
    $0
    Hours/week
    40

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
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349318321

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