Generation - You Employed Inc
- Assets
- $32.2m
- Revenue
- $18.0m
- Investments
- $0.0
- Employees
- 32
- Location
- Washington, DC
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 47-1073442
Organization Overview
Generation - You Employed Inc is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Generation - You Employed Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Generation - You Employed Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Generation - You Employed Inc generated $18.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $27.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO TRANSFORM EDUCATION TO EMPLOYMENT SYSTEMS TO PREPARE, PLACE, AND SUPPORT PEOPLE INTO LIFE-CHANGING CAREERS THAT WOULD OTHERWISE BE INACCESSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERATION IS A NONPROFIT THAT TRANSFORMS EDUCATION TO EMPLOYMENT SYSTEMS TO PREPARE, PLACE, AND SUPPORT PEOPLE INTO LIFE-CHANGING CAREERS THAT WOULD OTHERWISE BE INACCESSIBLE. THE GLOBAL PANDEMIC HAS LED TO AN UNPRECEDENTED SURGE IN UNEMPLOYMENT. EVEN BEFORE THE PANDEMIC, MORE THAN 75 MILLION YOUNG ADULTS WERE OUT OF WORK GLOBALLY, AND THREE TIMES AS MANY WERE UNDEREMPLOYEDAND 375 MILLION WORKERS OF ALL AGES NEEDED TO LEARN NEW SKILLS BY 2030. AT THE SAME TIME, CERTAIN JOBS REMAIN IN HIGH-DEMAND, AND 40 PERCENT OF EMPLOYERS SAY A SKILLS SHORTAGE LEAVES THEM WITH ENTRY-LEVEL VACANCIES. TO DATE, MORE THAN 60,000 PEOPLE HAVE GRADUATED FROM GENERATION PROGRAMS, WHICH PREPARE THEM FOR MEANINGFUL CAREERS IN 16 COUNTRIES. GENERATION WORKS WITH MORE THAN 8,000 EMPLOYER PARTNERS AND MANY IMPLEMENTATION PARTNERS AND FUNDERS. FOR MORE, VISIT GENERATION.ORG.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mona Mourshed President & CEO | Officer | 40 | $446,638 |
Jeremy Fox Regional Ceo, Apac | 40 | $313,379 | |
Ali Jaffer Chief Operating Officer | Officer | 40 | $309,357 |
Alexandra Hay-Plumb Chief Partnerships Officer | Officer | 40 | $298,570 |
Kelly J Cassaro Chief Of Learning | Officer | 40 | $269,903 |
Jennifer Sikes Chief Communication Officer | Officer | 40 | $220,182 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lieberman Research Worldwide Llc Research Services | 12/30/21 | $462,000 |
Arnold & Porter Kaye Scholer Llp Legal Services | 12/30/21 | $338,376 |
Transperfect Translations Translation Services | 12/30/21 | $278,816 |
Darby Films Inc Digital Media And Communications | 12/30/21 | $195,116 |
Fineas Media Inc Media Services | 12/30/21 | $214,412 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $143,779 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,203,476 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,347,255 |
| Total Program Service Revenue | $1,609,141 |
| Investment income | $306 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,956,702 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,485,136 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $11,767,398 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,906,641 |
| Compensation of current officers, directors, key employees. | $1,180,978 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,576,642 |
| Pension plan accruals and contributions | $142,993 |
| Other employee benefits | $1,084,314 |
| Payroll taxes | $218,820 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $443,475 |
| Fees for services: Accounting | $209,565 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,133,089 |
| Advertising and promotion | $82,557 |
| Office expenses | $83,608 |
| Information technology | $356,524 |
| Royalties | $0 |
| Occupancy | $5,444 |
| Travel | $11,546 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,323 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $33,092 |
| All other expenses | $0 |
| Total functional expenses | $27,876,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,489,528 |
| Savings and temporary cash investments | $1,012,803 |
| Pledges and grants receivable | $10,742,957 |
| Accounts receivable, net | $4,113,963 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,837,507 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,196,758 |
| Accounts payable and accrued expenses | $937,556 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $937,556 |
| Net assets without donor restrictions | $5,504,396 |
| Net assets with donor restrictions | $25,754,806 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $32,196,758 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Generation - You Employed Inc has recieved totaling $12,541,560.
| Awarding Organization | Amount |
|---|---|
The Blackrock Charitable Foundation New York, NY PURPOSE: COVID-19 RELIEF AND RECOVERY | $8,000,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $1,284,944 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $600,000 |
Workday Foundation Wilmington, DE PURPOSE: OVERCOMING HIRING CHALLENGES FACING AGE 45+ JOB SEEKERS AROUND THE WORLD | $500,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS | $376,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS | $376,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Generation - You Employed Inc Washington, DC | $32,196,758 | $17,956,702 |
Young Americas Foundation Reston, VA | $108,030,545 | $39,445,693 |
Partnership For A Healthier America Inc Washington, DC | $8,156,675 | $7,675,528 |
Washington Nationals Philanthropies Washington, DC | $8,857,322 | $4,334,499 |
Peaceplayers International Washington, DC | $2,663,713 | $3,827,781 |
Impact Living Services Forest, VA | $3,151,473 | $6,118,517 |
Service Year Exchange Inc Washington, DC | $7,358,910 | $7,347,919 |
Richmond First Tee Richmond, VA | $10,036,196 | $3,399,029 |
Breakfree Education Columbia, MD | $2,710,082 | $3,378,734 |
Us Dream Academy Inc Silver Spring, MD | $1,470,975 | $3,095,850 |
Skillsusa Foundation Inc Leesburg, VA | $0 | $2,681,875 |
Washington Tennis & Education Washington, DC | $25,495,785 | $2,863,895 |