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Nonprofiteer
← GENERATION US

Form 990 for tax year 2023

Filed by GENERATION US.

Totals

Total revenue
$3,034,025
Total expenses
$1,876,744
Contributions and grants received
$2,606,125
Grants paid
$0
Program service revenue
$427,900
Investment income
$0
Other revenue
$0
Total assets, end of year
$4,987,396
Total liabilities, end of year
$152,847
Net assets or fund balances, end of year
$4,834,549
Program services expenses (Part IX)
$621,269
Management and general expenses
$1,077,501
Fundraising expenses
$177,974
Program service expenses (Part III)
$621,269

Program services were 33.1% 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.

  • 1d · Related organizations

    $1,466,326

  • 1f · All other contributions, gifts and grants

    $1,139,799

  • 2a · Program service revenue: Program Service Fees

    total $427,900 · related or exempt $427,900

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $791,455 · program services $186,048 · management and general $514,807 · fundraising $90,600

  • 7 · Other salaries and wages

    total $507,522 · program services $101,250 · management and general $342,458 · fundraising $63,814

  • 8 · Pension plan contributions

    total $26,110 · program services $2,646 · management and general $21,077 · fundraising $2,387

  • 9 · Other employee benefits

    total $153,398 · program services $54,796 · management and general $89,396 · fundraising $9,206

  • 10 · Payroll taxes

    total $76,241 · program services $20,731 · management and general $43,543 · fundraising $11,967

  • 11b · Fees: legal

    total $3,202 · management and general $3,202

  • 12 · Advertising and promotion

    total $5,975 · program services $5,975

  • 13 · Office expenses

    total $120 · program services $120

  • 14 · Information technology

    total $2,170 · program services $820 · management and general $1,350

  • 17 · Travel

    total $2,129 · program services $2,129

  • 22 · Depreciation, depletion and amortization

    total $1,225 · management and general $1,225

  • 24a · Other expenses: Contract Services

    total $217,368 · program services $217,368

  • 24b · Other expenses: Service Fees

    total $56,244 · program services $334 · management and general $55,910

  • 24c · Other expenses: Staff Training

    total $26,419 · program services $21,886 · management and general $4,533

  • 24d · Other expenses: Student Activities

    total $6,505 · program services $6,505

  • 24e · All other expenses

    total $661 · program services $661

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $655,527 · end of year $665,365

  • 4 · Accounts receivable

    beginning of year $325,500 · end of year $372,746

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

    $6,125

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

    $2,144

  • 10c · Land, buildings and equipment, net

    beginning of year $5,206 · end of year $3,981

  • 15 · Other assets

    beginning of year $2,670,582 · end of year $3,945,304

  • 17 · Accounts payable and accrued expenses

    beginning of year $89,463 · end of year $152,847

  • 25 · Other liabilities

    beginning of year $3,982 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $3,549,966 · end of year $4,834,549

  • 28 · Net assets with donor restrictions

    beginning of year $13,404 · end of year $0

Mission and programs · 2023

Mission

Generation US purpose is to support and benefit Jobs for Maine's Graduates (JMG), a Maine non-profit organization. It conducts fundraising activities aimed at both generating funds for and also to cover expenses related to activities carried on by the organization. The Organization also conducts development and administrative services that will be offered to the organization in order to allow it to shift focus away from day to day administrative tasks.

Activities or mission (Part I)

Generation US purpose is to support and benefit Jobs for Maine's Graduates (JMG), a Maine non-profit organization. It conducts fundraising activities aimed at both generating funds for and also to cover expenses related to activities carried on by the organization. The Organization also conducts development and administrative services that will be offered to the organization in order to allow them to shift focus away from day to day administrative tasks.

  • Generation US conducts fundraising activities aimed at both generating funds for JMG and also to cover expenses related to activites carried on by the Organization. Generation US also conducts development and administrative services that will be offered to JMG in order to allow them to shift focus away from day to day administrative tasks. The development and administrative services involve fundraising initiatives, back office support, and strategic planning.

    Expenses $621,269 · Revenue $427,900

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

Listed in Part VII

  • Danielle Ahern

    Chair

    Total calculated
    $0
    Hours/week
    4

  • Virgel Hammonds

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Mike Archer

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Chris Cimino

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ryan J Moore

    Director

    Total calculated
    $0
    Hours/week
    1

  • Amy Marston

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Jeremy Fischer

    Director

    Total calculated
    $0
    Hours/week
    1

  • Craig Larrabee

    President & CEO

    Total calculated
    $331,290
    From this org
    $305,867
    From related orgs
    $0
    Other
    $25,423
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $305,867
    Bonus
    $0
    Other
    $0
    Deferred
    $8,207
    Nontaxable benefits
    $17,216
    Filer's total
    $331,290

  • Kimberley Lipp

    Executive Vice President

    Total calculated
    $291,965
    From this org
    $273,838
    From related orgs
    $0
    Other
    $18,127
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $273,838
    Bonus
    $0
    Other
    $0
    Deferred
    $7,262
    Nontaxable benefits
    $10,865
    Filer's total
    $291,965

  • Greg Johnson

    VP - Finance & Administrat

    Total calculated
    $219,116
    From this org
    $202,724
    From related orgs
    $0
    Other
    $16,392
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,724
    Bonus
    $0
    Other
    $0
    Deferred
    $4,110
    Nontaxable benefits
    $12,282
    Filer's total
    $219,116

  • Charity West

    VP - Innovation and Develo

    Total calculated
    $164,488
    From this org
    $153,392
    From related orgs
    $0
    Other
    $11,096
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,392
    Bonus
    $0
    Other
    $0
    Deferred
    $1,612
    Nontaxable benefits
    $9,484
    Filer's total
    $164,488

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 · Compensation committee
  • 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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Generation Maine

    C · Education Consulting · ME · 100% owned · controlled entity

    Directly controlled by Generation US

Provenance

Return type
form_990
Tax year
2023
Filed
19 December 2024
IRS schema version
2023v5.1
Source object
202413549349301551

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