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Nonprofiteer
← GENERATION - YOU EMPLOYED INC

Form 990 for tax year 2023

Filed by GENERATION - YOU EMPLOYED INC.

Totals

Total revenue
$25,762,823
Total expenses
$28,860,128
Contributions and grants received
$24,005,046
Grants paid
$9,828,088
Program service revenue
$1,013,381
Investment income
$744,396
Other revenue
$0
Total assets, end of year
$31,717,900
Total liabilities, end of year
$1,062,145
Net assets or fund balances, end of year
$30,655,755
Program services expenses (Part IX)
$23,048,955
Management and general expenses
$5,456,184
Fundraising expenses
$354,989
Program service expenses (Part III)
$23,048,955

Program services were 79.9% 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

    $24,005,046

  • 2a · Program service revenue: AFFILIATION FEE

    total $670,136 · related or exempt $670,136

  • 2b · Program service revenue: COUNTRY SETUP FEE

    total $207,494 · related or exempt $207,494

  • 2c · Program service revenue: CURRICULUM FEE

    total $35,361 · related or exempt $35,361

  • 2d · Program service revenue: PROGRAM INCOME

    total $13,202 · related or exempt $13,202

  • 2f · All other program service revenue

    total $87,188 · related or exempt $87,188

  • 3 · Investment income

    total $744,396 · excluded $744,396

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $9,828,088 · program services $9,828,088

  • 5 · Compensation of officers, directors and key employees

    total $1,623,066 · program services $385,464 · management and general $1,237,602

  • 7 · Other salaries and wages

    total $7,985,404 · program services $6,322,996 · management and general $1,382,465 · fundraising $279,943

  • 8 · Pension plan contributions

    total $105,376 · program services $102,224 · management and general -$1,808 · fundraising $4,960

  • 9 · Other employee benefits

    total $1,621,959 · program services $1,175,633 · management and general $395,949 · fundraising $50,377

  • 10 · Payroll taxes

    total $238,830 · program services $168,261 · management and general $63,505 · fundraising $7,064

  • 11b · Fees: legal

    total $195,770 · program services $98,894 · management and general $96,876

  • 11c · Fees: accounting

    total $214,708 · management and general $214,708

  • 11g · Fees: other

    total $3,882,464 · program services $2,684,076 · management and general $1,195,388 · fundraising $3,000

  • 12 · Advertising and promotion

    total $181,154 · program services $9,225 · management and general $171,929

  • 13 · Office expenses

    total $115,998 · program services $38,334 · management and general $75,170 · fundraising $2,494

  • 14 · Information technology

    total $210,605 · program services $201,601 · management and general $8,262 · fundraising $742

  • 16 · Occupancy

    total $20,194 · program services $20,194

  • 17 · Travel

    total $88,897 · program services $84,329 · management and general $4,568

  • 23 · Insurance

    total $31,048 · management and general $31,048

  • 24a · Other expenses: DUES, SUBSCRIPTIONS, LI

    total $2,259,417 · program services $1,710,784 · management and general $542,224 · fundraising $6,409

  • 24b · Other expenses: STUDENT RELATED EXPENSE

    total $40,217 · program services $40,217

  • 24c · Other expenses: RECRUITMENT

    total $1,843 · program services $1,843

  • 24e · All other expenses

    total $215,090 · program services $176,792 · management and general $38,298

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,634,866 · end of year $1,666,907

  • 2 · Savings and temporary cash investments

    beginning of year $13,254,051 · end of year $11,813,406

  • 3 · Pledges and grants receivable

    beginning of year $14,847,840 · end of year $14,898,912

  • 4 · Accounts receivable

    beginning of year $3,196,335 · end of year $1,222,664

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,437,785 · end of year $2,116,011

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,613,000 · end of year $1,062,145

  • 27 · Net assets without donor restrictions

    beginning of year $7,916,863 · end of year $8,140,707

  • 28 · Net assets with donor restrictions

    beginning of year $25,841,014 · end of year $22,515,048

Mission and programs · 2023

Mission

OUR MISSION IS TO TRANSFORM EDUCATION TO EMPLOYMENT SYSTEMS TO PREPARE, PLACE, AND SUPPORT PEOPLE INTO LIFE-CHANGING CAREERS THAT WOULD OTHERWISE BE INACCESSIBLE.

  • GENERATION: YOU EMPLOYED, INC. (GYE), IS A NONPROFIT THAT BELIEVES IN THE POWER OF EMPLOYMENT TO CHANGE LIVES. THEY PREPARE, PLACE, AND SUPPORT PEOPLE INTO CAREERS THAT WOULD OTHERWISE BE INACCESSIBLE ACROSS 17 COUNTRIES, AND SHARE RESEARCH AND DATA TO INFORM NEW APPROACHES THAT WILL OPEN UP OPPORTUNITIES TO EVERYONE. TO DATE, MORE THAN 120,000 PEOPLE HAVE GRADUATED FROM GENERATION: YOU EMPLOYED, INC. PROGRAMS, TOGETHER EARNING OVER $1 BILLION IN WAGES. GENERATION: YOU EMPLOYED, INC. WORKS WITH MORE THAN 15,000 EMPLOYERS AND MANY IMPLEMENTATION PARTNERS AND FUNDERS. FOR MORE INFORMATION, VISIT GENERATION.ORG.

    Expenses $23,048,955 · Grants $9,828,088 · Revenue $1,013,381

As filed on the 2023 return.

Listed in Part VII

  • MONA MOURSHED

    PRESIDENT & CEO

    Total calculated
    $518,287
    From this org
    $486,961
    From related orgs
    $0
    Other
    $31,326
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $486,961
    Bonus
    $0
    Other
    $0
    Deferred
    $16,500
    Nontaxable benefits
    $14,826
    Filer's total
    $518,287

  • MICHAEL HALBYE

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • KEVIN STEINBERG

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL SILBER

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • LAURA CORB

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LINDA FAYNE-LEVINSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MAYSA JALBOUT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SALAH-EDDINE KANDRI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEPHANIE KHURANA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WENDY KOPP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SIVA KUMARI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SCOTT MCKINLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANA BRAKMAN-REISER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANNE-MARIE SLAUGHTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALI JAFFER

    CHIEF OPERATING OFFICER

    Total calculated
    $302,536
    From this org
    $283,066
    From related orgs
    $0
    Other
    $19,470
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $257,147
    Bonus
    $25,919
    Other
    $0
    Deferred
    $12,502
    Nontaxable benefits
    $6,968
    Filer's total
    $302,536

  • GULI RUZMETOVA

    CHIEF FINANCIAL OFFICER

    Total calculated
    $251,401
    From this org
    $227,944
    From related orgs
    $0
    Other
    $23,457
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,709
    Bonus
    $21,235
    Other
    $0
    Deferred
    $10,610
    Nontaxable benefits
    $12,847
    Filer's total
    $251,401

  • KELLY CASSARO

    CHIEF OF LEARNING

    Total calculated
    $300,755
    From this org
    $265,923
    From related orgs
    $0
    Other
    $34,832
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,035
    Bonus
    $24,888
    Other
    $0
    Deferred
    $12,435
    Nontaxable benefits
    $22,397
    Filer's total
    $300,755

  • JENNIFER SIKES

    CHIEF COMMUNICATION OFFICER

    Total calculated
    $250,088
    From this org
    $215,537
    From related orgs
    $0
    Other
    $34,551
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,940
    Bonus
    $20,597
    Other
    $0
    Deferred
    $10,292
    Nontaxable benefits
    $24,259
    Filer's total
    $250,088

  • JEREMY FOX

    REGIONAL CEO, APAC

    Total calculated
    $311,347
    From this org
    $294,646
    From related orgs
    $0
    Other
    $16,701
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $258,735
    Bonus
    $35,911
    Other
    $0
    Deferred
    $13,397
    Nontaxable benefits
    $3,304
    Filer's total
    $311,347

  • GILLIAN MCKENNA

    CHIEF PEOPLE OFFICER

    Total calculated
    $219,887
    From this org
    $213,418
    From related orgs
    $0
    Other
    $6,469
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,984
    Bonus
    $19,434
    Other
    $0
    Deferred
    $5,984
    Nontaxable benefits
    $485
    Filer's total
    $219,887

  • KATHERINE KELLEY

    DIRECTOR OF LEARNER ENGAGEMENT

    Total calculated
    $201,875
    From this org
    $176,040
    From related orgs
    $0
    Other
    $25,835
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,414
    Bonus
    $13,626
    Other
    $0
    Deferred
    $8,510
    Nontaxable benefits
    $17,325
    Filer's total
    $201,875

  • BONNI THERIAULT

    CHIEF PARTNERSHIPS OFFICER

    Total calculated
    $230,170
    From this org
    $216,840
    From related orgs
    $0
    Other
    $13,330
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,240
    Bonus
    $17,600
    Other
    $0
    Deferred
    $9,974
    Nontaxable benefits
    $3,356
    Filer's total
    $230,170

  • MINH HUY LAI

    REGIONAL COO, EUROPE

    Total calculated
    $233,237
    From this org
    $201,097
    From related orgs
    $0
    Other
    $32,140
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,352
    Bonus
    $14,745
    Other
    $0
    Deferred
    $25,558
    Nontaxable benefits
    $6,582
    Filer's total
    $233,237

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
SENIOR EMPLOYEES (TYPICALLY DIRECTOR-LEVEL AND ABOVE) MAY HAVE SOME OFTHEIR TOTAL COMPENSATION IN THE FORM OF VARIABLE COMPENSATION OR AT-RISK PAYMENTS, CONTINGENT ON ORGANIZATION PERFORMANCE, FUNDING LEVELS AND INDIVIDUAL PERFORMANCE. THE TOTAL COMPENSATION SHOULD STILL ADHERE TO THE COMPENSATION PRINCIPLES. TO REALIZE THE BONUS OR AT-RISK COMPNSATION, AN EMPLOYEE MUST ACHIEVE A HIGH PERFORMANCE LEVEL AND/OR TARGETS, AND BE EMPLOYED WITH GENERATION FOR A MINIMUM OF SIX MONTHS AS OF DECEMBER 31 OF THE CALENDAR YEAR. BONUS OR AT-RISK COMPENSATION WILL GENERALLY BE MADE NO LATER DECEMBER 31. BONUS OR AT-RISK COMPENSATION IS PROVIDED AT THE DISCRETION OF GENERATION GLOBAL, AND THE MANAGEMENT TEAM RESERVES THE RIGHT TO ADMINISTER, MODIFY OR TERMINATE THE PLAN GIVEN PREVAILING FINANCIAL AND OPERATIONAL CONDITIONS.

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.

  • GENERATION AUSTRALIA LTD

    SAME AS CONTROLLING ENTITY · AS · controlled entity

    Directly controlled by GENERATION YOU EMPLOYED INC

  • ASSOCIACAO GENERATION BRASIL

    SAME AS CONTROLLING ENTITY · BR · controlled entity

    Directly controlled by GENERATION YOU EMPLOYED INC

  • GENERATION PLUS TON EMPLOI

    SAME AS CONTROLLING ENTITY · FR · controlled entity

    Directly controlled by GENERATION YOU EMPLOYED INC

  • GENERATION YOU EMPLOYED (HK) LTD

    SAME AS CONTROLLING ENTITY · HK · controlled entity

    Directly controlled by GENERATION YOU EMPLOYED INC

  • GENERATION INDIA FOUNDATION

    SAME AS CONTROLLING ENTITY · IN · controlled entity

    Directly controlled by GENERATION YOU EMPLOYED INC

  • FONDAZIONE GENERATION ITALY

    SAME AS CONTROLLING ENTITY · IT · controlled entity

    Directly controlled by GENERATION YOU EMPLOYED INC

  • FUNDACION GENERATION SPAIN

    SAME AS CONTROLLING ENTITY · SP · controlled entity

    Directly controlled by GENERATION YOU EMPLOYED INC

  • FOUNDATION FOR YOUTH EMPLOYMENT PAKISTAN

    SAME AS CONTROLLING ENTITY · PK · controlled entity

    Directly controlled by GENERATION YOU EMPLOYED INC

  • GENERATION YOU EMPLOYED SINGAPORE LTD

    SAME AS CONTROLLING ENTITY · SN · controlled entity

    Directly controlled by GENERATION YOU EMPLOYED INC

  • PROGRAMA GENERATION MEXICO AC

    SAME AS CONTROLLING ENTITY · MX · controlled entity

    Directly controlled by GENERATION YOU EMPLOYED INC

  • GENERATION YOU EMPLOYED UK

    SAME AS CONTROLLING ENTITY · UK · controlled entity

    Directly controlled by GENERATION YOU EMPLOYED INC

  • GENERATION YOU EMPLOYED SOCIAL ENTERPRISE THAILAND CO LTD

    SAME AS CONTROLLING ENTITY · TH · controlled entity

    Directly controlled by GENERATION YOU EMPLOYED INC

  • GENERATION PROGRAMME KENYA

    SAME AS CONTROLLING ENTITY · KE · controlled entity

    Directly controlled by GENERATION YOU EMPLOYED INC

  • FUNDACION GENERATION CHILE

    SAME AS CONTROLLING ENTITY · CI · controlled entity

    Directly controlled by GENERATION YOU EMPLOYED INC

  • COLOMBIA GENERATION YOU EMPLOYED

    SAME AS CONTROLLING ENTITY · CO · controlled entity

    Directly controlled by GENERATION YOU EMPLOYED INC

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.

  • CAREER READINESS SOCIAL INITIATIVE LTD

    C · SAME AS CONTROLLING ENTITY · KE · 99% owned · share of income $6,693 · share of assets $199,685 · controlled entity

    Directly controlled by GENERATION YOU EMPLOYED INC

  • GENERATION YOU EMPLOYED IRELAND COMPANY LTD

    C · SAME AS CONTROLLING ENTITY · EI · 100% owned · share of income $1,214,610 · share of assets $573,778

    Directly controlled by GENERATION YOU EMPLOYED INC

  • MEXICO SA MSI GENERATION MEXICO SERVICIOS SOCIEDAD ANNIMA DE CAPITAL VARIA

    C · SAME AS CONTROLLING ENTITY · MX · 99% owned · share of income $1,464,241 · share of assets $160,719

    Directly controlled by GENERATION YOU EMPLOYED INC

Provenance

Return type
form_990
Tax year
2023
Filed
30 October 2024
IRS schema version
2023v5.1
Source object
202413049349301001

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