Hour Generation Foundation
- Assets
- $155.3k
- Revenue
- $271.5k
- Investments
- $0.0
- Employees
- 0
- Location
- College Park, MD
- Founding
- 08/2017
- Data as of
- 12/2021
- EIN
- 82-2246592
Organization Overview
Hour Generation Foundation is located in College Park, MD. The organization was established in 2017. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hour Generation Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOUR GENERATION FOUNDATIONS MISSION IS TO INSPIRE AND EMPOWER YOUTH TO EXPLORE THEIR TALENTS BY PROVIDING INFORMATION, ADVOCACY AND SERVICE ALLOWING THEM TO MAXIMIZE THEIR POTENTIAL AND REALIZE THEIR SPECIAL GIFTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUR GENERATION FOUNDATION HOSTS SEVERAL EVENTS THROUGHOUT THE YEAR IN AN EFFORT TO PROVIDE INSPIRATION AND EMPOWERMENT TO YOUTH AND TO PROVIDE NECESSARY ITEMS FOR YOUTH IN NEED, SUCH AS FOOD, CLOTHING, AND SCHOOL SUPPLIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Houston J Grant Founder | OfficerTrustee | 2 | $0 |
Beverly Grant-Holston Vice President | OfficerTrustee | 2 | $0 |
Gail Taylor Secretary | OfficerTrustee | 2 | $0 |
Medora Frazier General Manager | OfficerTrustee | 2 | $0 |
Mary Johnson Executive Assistant | OfficerTrustee | 2 | $0 |
Sherida Turner 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 | $271,504 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $271,504 |
| Total Program Service Revenue | $0 |
| 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 | $271,504 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $13,663 |
| Office expenses | $2,426 |
| Information technology | $1,735 |
| Royalties | $0 |
| Occupancy | $4,177 |
| Travel | $23,022 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,342 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $461 |
| Insurance | $485 |
| All other expenses | $4,259 |
| Total functional expenses | $138,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,338 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $4,938 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $155,276 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $155,276 |
| Net assets with donor restrictions | $0 |
| 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 | $155,276 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hour Generation Foundation has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
National Basketball Players Assoc Foundation New York, NY PURPOSE: TO SUPPORT YOUTH SPORTS PROGRAMS AND OTHER CHARITABLE PURPOSES | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chesapeake Bay Outward Bound School Inc Baltimore, MD | $15,791,418 | $4,070,576 |
Kutcher Foundation Inc Forest Hill, MD | $796,373 | $19,308 |
Congressional Sports For Charity Alexandria, VA | $777,505 | $905,404 |
Youth Life Foundation Of Richmond Richmond, VA | $331,898 | $775,489 |
M4k Lynchburg Inc Lynchburg, VA | $46,148 | $496,402 |
Ascent Soccer Usa Washington, DC | $88,611 | $247,724 |
Virginia Extreme Force Inc Chesapeake, VA | $3,310,153 | $689,057 |
Together We Own It Inc Westminster, MD | $26,545 | $273,285 |
Youth Quest Foundation Inc Fairfax, VA | $34,482 | $382,193 |
Head Starter Network Alexandria, VA | $0 | $11,199 |
Hour Generation Foundation College Park, MD | $155,276 | $271,504 |
Bloom Charity Nfp North Chesterfield, VA | $104,512 | $0 |