Generation Us
- Assets
- $912.6k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Augusta, ME
- Founding
- 01/2018
- Data as of
- 06/2022
- EIN
- 82-1449889
Organization Overview
Generation Us is located in Augusta, ME. The organization was established in 2018. According to its NTEE Classification (J11) the organization is classified as: Single Organization Support, under the broad grouping of Employment and related organizations. As of 06/2022, Generation Us employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Generation Us 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 06/2022, Generation Us generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 13.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Larrabee President & CEO | OfficerTrustee | 40 | $249,702 |
Kimberley Lipp Executive Vice President | Officer | 40 | $221,046 |
Greg Johnson Chief Financial Officer | Officer | 40 | $157,030 |
Charity West Vp-Innovation And Development | 40 | $112,818 | |
Jeremy Fischer Chair | OfficerTrustee | 4 | $0 |
Ryan Low Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000,760 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000,760 |
| Total Program Service Revenue | $533,218 |
| Investment income | $0 |
| 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 | $1,533,978 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $627,777 |
| Compensation of current officers, directors, key employees. | $347,354 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $523,100 |
| Pension plan accruals and contributions | $17,544 |
| Other employee benefits | $84,202 |
| Payroll taxes | $68,971 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $225 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $750 |
| Office expenses | $0 |
| Information technology | $2,832 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,586 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $233 |
| Total functional expenses | $1,530,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $643,666 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $266,960 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,000 |
| Total assets | $912,626 |
| Accounts payable and accrued expenses | $100,067 |
| 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 | $8,408 |
| Total liabilities | $108,475 |
| Net assets without donor restrictions | $785,127 |
| Net assets with donor restrictions | $19,024 |
| 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 | $912,626 |
Endowment Analysis
| Beg. Balance | $7,743,747 |
| Earnings | -$696,142 |
| Ending Balance | $7,047,605 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Atlantic States Carpenters Training Fund Millbury, MA | $72,466,434 | $22,130,164 |
Jewish Vocational Service Inc Boston, MA | $20,674,331 | $21,644,492 |
International Brotherhood Of Electrical Workers Dorchester, MA | $20,226,169 | $18,660,825 |
National Telecommuting Institute Boston, MA | $7,581,785 | $15,508,649 |
International Union Of Operating Engineers Local 98 Southwick, MA | $17,444,456 | $14,859,404 |
Jobs For Maines Graduates Inc Augusta, ME | $16,217,336 | $14,678,045 |
Service Employees International Union Marlborough, MA | $14,032,750 | $15,228,361 |
New England Laborers Training Trust Fund Hopkinton, MA | $95,005,657 | $19,481,542 |
Masshire Hampden County Workforce Board Inc Springfield, MA | $3,346,725 | $13,329,757 |
South Middlesex Non-Profit Housing Corporation Framingham, MA | $86,868,885 | $12,461,508 |
Ironworkers Union Local 7 South Boston, MA | $20,580,990 | $15,536,290 |
Vermont Associates For Training & Development Inc St Albans, VT | $530,190 | $11,812,343 |