Transforms communities by breaking generational poverty through early childhood development and parent training.
For fiscal year 2021 it reported $1.6M in revenue, $1.3M in expenses, and $1.2M in net assets.Pt I
Where the money goes · FY2021
Total revenue
$1.6M
Pt VIII · Ln 12
Total expenses
$1.3M
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $301K
Where spending went · Part IX cols B–D
69%
19%
12%
Program services $0.69 Management & general $0.19 Fundraising $0.12
Program efficiency
69%
of spending reaches programs
Operating runway
9.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+18%
revenue over expenses, this year
Summary of the Filing
Part I · fiscal year 2021 · Form 990
Revenue
$1.6M
FY2021▲ +16%
$2.3M$1.2M$0
FY2020FY2025
Expenses
$1.3M
FY2021▲ +11%
$2.2M$1.1M$0
FY2020FY2025
Total assets
$2.0M
FY2021▲ +25%
$2.4M$1.2M$0
FY2020FY2025
Total liabilities
$792K
FY2021▼ -17%
$954K$477K$0
FY2020FY2025
Total revenue
$1.6M
Pt VIII · Ln 12
Total expenses
$1.3M
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$301K
Total assetsPt X · Ln 16$2.0M
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III
Where the work happens
3 program services account for $929K of program spending, described in the organization's own filed words · FY2020.
01
Generaton one academy, a private christian school,focuses on early childhood development and parent training with classes for ages 2 through first grade. In addition to smaller classroom settings on-site, collaborations with local charter schools help provide more opportunities for long-term learning and success that is not generally…
$823Kprogram expense
02
The after school programs (step it up, live and mentoring) help provide a 12 month school year. This program also continues to meet the needs of the children who have graduated from the academy by providing transportaion to local charter schools.
$87Kprogram expense
03
The community revitalization, volunteer & outreach programs serve the community through the mobilization of volunteers who respond to needs such as painting homes, clearing lots & demolishing delapidated buildings.
Michael J Malkemes’s $94K as CEO
is at the 30th percentile of top reported officer pay among 3863 $1–10M human services nonprofits.
Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
Individual Michael J Malkemes · Reported title CEO · Highest reported compensation $84K · Total expenses $1.3M
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $970K · Total expenses $1.3M
72%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
69%
—
—
Overhead ratio
19%
—
—
Fundraising cost ratio
11%
—
—
Revenue growth
16%
—
—
Investment management fee ratio
<0.01%
—
—
Accounting fee ratio
2%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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