Form 990 for tax year 2023

Totals

Total revenue

$17,823,153

Total expenses

$15,431,170

Contributions and grants received

$17,792,507

Grants paid

$10,536,000

Program service revenue

$0

Investment income

$14,646

Other revenue

$16,000

Total assets, end of year

$11,338,046

Total liabilities, end of year

$4,681,853

Net assets or fund balances, end of year

$6,656,193

Program services expenses (Part IX)

$15,305,980

Management and general expenses

$125,190

Fundraising expenses

$0

Program service expenses (Part III)

$15,305,980

Program services were 99.2% 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.

Mission and programs · 2023

• SMALL BUSINESS GRANTS AND ACCESS TO CREDIT PROGRAM: GEN'S GRANT AND EQUITABLE ACCESS TO CREDIT PROGRAM HELPS SMALL BUSINESSES, ESPECIALLY FROM DISADVANTAGED COMMUNITIES, IN THEIR JOURNEY TO SUSTAINABILITY, GROWTH AND HIRING MORE AMERICANS. THROUGH PARTNERSHIPS WITH PHILANTHROPY, GEN PROVIDES SMALL GRANTS TO ENTREPRENEURS IN NEED WHO GEN SEES AS HAVING STRONG POTENTIAL AS FUTURE EMPLOYERS IN THEIR COMMUNITIES. GEN, THROUGH ITS PARTNERSHIP WITH THE HELLO ALICE PLATFORM AND PHILANTHROPIC FUNDERS, ALSO PROVIDES CREDIT AND TECHNICAL ASSISTANCE FOR THOSE SEEKING TO IMPROVE THEIR CREDIT SCORE IN ORDER TO QUALIFY FOR TRADITIONAL BANK AND SBA LOANS TO SUPPORT THEIR BUSINESS.

  Expenses $11,638,187 · Grants $10,355,000

• ENTREPRENEURSHIP WORLD CUP (EWC): THE EWC SUPPORTS ENTREPRENEURS WITH A NO-STRINGS-ATTACHED CASH PRIZE INCENTIVE TO FURTHER DEVELOP THEIR IDEAS AND WITH GEN'S HELP AND THE HELP OF PEERS, BECOME MORE LIKELY TO SUCCEED. MANY OF THOSE WHO APPLY COME FROM COMMUNITIES WHERE TALENT IS PLENTIFUL BUT OPPORTUNITY IS NOT. EWC ATTRACTS ENTREPRENEURS WHO DO GOOD WHILE SEEKING TO DO WELL. FOR EXAMPLE, AN INCREASING NUMBER OF APPLICANTS FOCUS ON SOLUTIONS TO EVERYDAY PROBLEMS THAT IMPROVE THE ENVIRONMENT AND HELP ACHIEVE CLIMATE AND SUSTAINABILITY GOALS. RESOURCES ARE SPENT ON SUPPORTING ENTREPRENEURS, PRIZES AND THE COSTS OF GATHERING THEM IN PERSON ONCE A YEAR AS A PEER NETWORK.

  Expenses $1,626,555

• GLOBAL ENTREPRENEURSHIP WEEK (GEW): GEW INSPIRES MORE AMERICANS AND CITIZENS FROM OTHER COUNTRIES TO CONSIDER THE PATH OF ENTREPRENEURSHIP. ORGANIZATIONS ACTIVELY SUPPORTING ENTREPRENEURS HOST A FESTIVAL-TYPE CAMPAIGN WITH LIVE AND VIRTUAL EVENTS IN COMMUNITIES EVERYWHERE THAT INVITE ORDINARY CITIZENS TO BETTER UNDERSTAND WHAT LOCAL, NATIONAL AND GLOBAL RESOURCES ARE AVAILABLE TO THEM. PROGRAM RESOURCES ARE USED TO ESTABLISH PARTNERSHIPS WITH ORGANIZATIONS AND VOLUNTEER CAMPAIGN LEADERS WHO HOST ACTIVITIES FOR THE PUBLIC - ESPECIALLY WOMEN AND YOUTH AND THOSE WHO HAVE HISTORICALLY BEEN LEFT OUT FROM DISTRESSED COMMUNITIES IN THE UNITED STATES. THE CAMPAIGN IS ANCHORED BY THE KAUFFMAN FOUNDATION IN KANSAS CITY.

  Expenses $1,351,279

• GEN POLICY: GEN POLICY BRINGS GOVERNMENTS CLOSER TO FIRM FOUNDERS AND THE ORGANIZATIONS AND ECOSYSTEMS THAT SUPPORT THEM AT ALL STAGES OF THE PUBLIC POLICY AND PROGRAM LIFECYCLE, FROM IDENTIFYING BARRIERS TO IMPLEMENTING SOLUTIONS, OFFERING OPPORTUNITIES FOR POLICY DIALOGUE AND PEER ADVICE, AND SOURCING EVIDENCE-BASED RECOMMENDATIONS THAT CAN DRIVE SMART POLICY DESIGN AND IMPLEMENTATION GEN ALSO PROVIDES LIVE EVENTS, INCLUDING THE GLOBAL ENTREPRENEURSHIP CONGRESS (GEC). THE GEC IS A GATHERING OF STARTUP CHAMPIONS FROM AROUND THE WORLD - WHERE ENTREPRENEURS, INVESTORS, ENTREPRENEURIAL SUPPORT ORGANIZATIONS, RESEARCHERS, THOUGHT LEADERS AND POLICYMAKERS SHARE PROGRAM AND POLICY IDEAS AND WORK TOGETHER TO BRING IDEAS TO LIFE, DRIVE ECONOMIC GROWTH AND EXPAND HUMAN WELFARE.

  Expenses $689,959 · Grants $181,000

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

Listed in Part VII

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

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

2023

Filed

15 November 2024

IRS schema version

2023v5.0

Source object

202403199349313665

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.