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← OUR GENERATION SPEAKS

Form 990 for tax year 2022

Filed by OUR GENERATION SPEAKS.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 13 November 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$2,589,052 changed to $2,509,892
Total expenses
$2,054,380 changed to $2,128,103
Contributions and grants received
$2,589,052 changed to $2,509,892
Grants paid
$474,000 changed to $513,000
Total assets, end of year
$2,507,839 changed to $2,726,919
Total liabilities, end of year
$702,848 changed to $1,074,811
Net assets or fund balances, end of year
$1,804,991 changed to $1,652,108
Program services expenses
$1,687,132 changed to $1,739,916
Management and general expenses
$234,852 changed to $230,223
Fundraising expenses
$132,396 changed to $157,964
Program service expenses (Part III)
$1,687,132 changed to $1,739,916

Totals

Total revenue
$2,589,052
Total expenses
$2,054,380
Contributions and grants received
$2,589,052
Grants paid
$474,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,507,839
Total liabilities, end of year
$702,848
Net assets or fund balances, end of year
$1,804,991
Program services expenses (Part IX)
$1,687,132
Management and general expenses
$234,852
Fundraising expenses
$132,396
Program service expenses (Part III)
$1,687,132

Program services were 82.1% 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.

  • 1e · Government grants (contributions)

    $39,428

  • 1f · All other contributions, gifts and grants

    $2,549,624

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $474,000 · program services $474,000

  • 5 · Compensation of officers, directors and key employees

    total $171,729 · program services $94,451 · management and general $25,759 · fundraising $51,519

  • 7 · Other salaries and wages

    total $269,153 · program services $173,557 · management and general $87,514 · fundraising $8,082

  • 9 · Other employee benefits

    total $66,676 · program services $42,251 · management and general $18,399 · fundraising $6,026

  • 11b · Fees: legal

    total $4,643 · management and general $4,643

  • 11c · Fees: accounting

    total $27,884 · management and general $27,884

  • 11g · Fees: other

    total $51,819 · program services $23,719 · management and general $28,100

  • 13 · Office expenses

    total $23,032 · program services $5,159 · management and general $17,873

  • 16 · Occupancy

    total $5,221 · program services $4,680 · management and general $541

  • 17 · Travel

    total $79,609 · program services $79,609

  • 19 · Conferences, conventions and meetings

    total $172,048 · program services $172,048

  • 23 · Insurance

    total $14,217 · management and general $14,217

  • 24a · Other expenses: HOUSING & SUPPORT FOR P

    total $282,641 · program services $282,641

  • 24b · Other expenses: PROGRAM SUPPLIES & ACTI

    total $129,682 · program services $129,682

  • 24c · Other expenses: PROGRAM SITE COSTS

    total $120,000 · program services $120,000

  • 24d · Other expenses: DEVELOPMENT AND FUNDRAI

    total $89,365 · program services $12,897 · management and general $9,699 · fundraising $66,769

  • 24e · All other expenses

    total $72,661 · program services $72,438 · management and general $223

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $624,658 · end of year $1,114,259

  • 3 · Pledges and grants receivable

    end of year $1,393,580

  • 17 · Accounts payable and accrued expenses

    end of year $228,848

  • 18 · Grants payable

    beginning of year $304,258 · end of year $474,000

  • 27 · Net assets without donor restrictions

    beginning of year $310,400 · end of year $319,991

  • 28 · Net assets with donor restrictions

    beginning of year $10,000 · end of year $1,485,000

Mission and programs · 2022

Mission

OUR MISSION IS TO CREATE AN ENTREPRENEURIAL COMMUNITY OF LEADERS TO SHAPE A MORE PEACEFUL ISRAELI-PALESTINIAN FUTURE BUILT ON TRUST.

  • THE ORGANIZATION PROVIDED FUNDING OF $474,000 TO VENTURES INITIATED AND OPERATED BY OGS FELLOWS IN THE FORM OF GRANTS AND LOANS. AS THESE ARE EARLY-STAGE STARTUPS THERE ARE NO EXPECTATIONS OF REPAYMENT OF LOANS AND ACCORDINGLY, THE LOANS ARE EXPENSED WHEN DEEMED NOT TO BE COLLECTIBLE. DURING THE YEAR ENDED DECEMBER 31, 2022, OGS PARTNERED WITH MASSACHUSETTS INSTITUTE OF TECHNOLOGY AND MASSCHALLENGE, KEY PARTNERS. THE FEES THEY PAID WERE TO COMPENSATE MIT AND MC FOR USE OF PROGRAM FACILITIES, FACULTY, LABS, HOUSING,ETC.

    Expenses $1,687,132 · Grants $474,000

As filed on the 2022 return.

Listed in Part VII

  • Perry Solomon

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Bradley Bloom

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Michael Frieze

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • David Mendels

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sari Rapkin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sally Ourieff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lester Fagen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lobna Agbaria

    EXECUTIVE DIRECTOR

    Total calculated
    $171,729
    From this org
    $145,648
    From related orgs
    $0
    Other
    $26,081
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,648
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $26,081
    Filer's total
    $171,729

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 February 2024
IRS schema version
2022v5.0
Source object
202400469349300040

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