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Nonprofiteer
← NAT KING COLE GENERATION HOPE INC

Form 990 for tax year 2024

Filed by NAT KING COLE GENERATION HOPE INC.

Totals

Total revenue
$544,751
Total expenses
$408,399
Contributions and grants received
$524,567
Grants paid
$3,676
Program service revenue
$0
Investment income
$3,646
Other revenue
$16,538
Total assets, end of year
$252,984
Total liabilities, end of year
$17,522
Net assets or fund balances, end of year
$235,462
Program services expenses (Part IX)
$342,890
Management and general expenses
$49,851
Fundraising expenses
$15,658
Program service expenses (Part III)
$342,890

Program services were 84.0% 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.

  • 1c · Fundraising events

    $63,400

  • 1f · All other contributions, gifts and grants

    $461,167

  • 3 · Investment income

    total $3,646 · unrelated business $0 · excluded $3,646

  • 8a · Fundraising events: gross income

    $31,392

  • 8a · Fundraising events: contributions included on line 1c

    $63,400

  • 8b · Fundraising events: direct expenses

    $14,854

  • 8c · Net income from fundraising events

    total $16,538 · unrelated business $0 · excluded $16,538

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,676 · program services $3,676

  • 5 · Compensation of officers, directors and key employees

    total $83,200 · program services $66,560 · management and general $8,320 · fundraising $8,320

  • 7 · Other salaries and wages

    total $61,631 · program services $38,211 · management and general $17,257 · fundraising $6,163

  • 10 · Payroll taxes

    total $11,080 · program services $8,015 · management and general $1,957 · fundraising $1,108

  • 11c · Fees: accounting

    total $7,066 · program services $0 · management and general $7,066 · fundraising $0

  • 11g · Fees: other

    total $153,450 · program services $153,450 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $1,735 · program services $0 · management and general $1,735 · fundraising $0

  • 13 · Office expenses

    total $1,872 · program services $1,404 · management and general $468 · fundraising $0

  • 16 · Occupancy

    total $14,400 · program services $12,240 · management and general $2,160 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $18,543 · program services $13,177 · management and general $5,366 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $108 · program services $0 · management and general $108 · fundraising $0

  • 23 · Insurance

    total $4,050 · program services $3,121 · management and general $862 · fundraising $67

  • 24a · Other expenses: Website Development & Maint.

    total $7,485 · program services $6,736 · management and general $749 · fundraising $0

  • 24b · Other expenses: Printing, Postage & Copying

    total $246 · program services $246 · management and general $0 · fundraising $0

  • 24c · Other expenses: Music Program

    total $35,009 · program services $35,009 · management and general $0 · fundraising $0

  • 24d · Other expenses: Dues & Subscriptions

    total $1,045 · program services $1,045 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $3,803 · program services $0 · management and general $3,803 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $65,200 · end of year $84,875

  • 2 · Savings and temporary cash investments

    beginning of year $37,706 · end of year $167,837

  • 3 · Pledges and grants receivable

    beginning of year $2,301 · end of year $0

  • 4 · Accounts receivable

    beginning of year $117 · end of year $117

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

    $1,842

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

    $1,842

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $263 · end of year $155

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,477 · end of year $17,522

  • 27 · Net assets without donor restrictions

    beginning of year $54,348 · end of year $130,962

  • 28 · Net assets with donor restrictions

    beginning of year $44,762 · end of year $104,500

Mission and programs · 2024

Mission

Nat King Cole Generation Hope, Inc. provides access to music education for children with the greatest need by cultivating opportunities and funding programs for instruction, mentoring and resources.

  • Funding music education programs which provide for instruction, mentoring and resources.

    Expenses $342,890 · Grants $3,676 · Revenue $541,917

As filed on the 2024 return.

Listed in Part VII

  • Shanna St John

    Executive Director

    Total calculated
    $83,200
    From this org
    $83,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Timolin Cole-Augustus

    President

    Total calculated
    $0
    Hours/week
    4

  • Casey Cole-Ray

    Vice-President

    Total calculated
    $0
    Hours/week
    4

  • Karli Vazquez-Mendez

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Liz McDermott

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Beth Stibal

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Joe Barilla

    Board Member

    Total calculated
    $0
    Hours/week
    2

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
2024
Filed
15 November 2025
IRS schema version
2024v5.2
Source object
202543219349328504

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