Generation Serve EIN 27-0452295 Form 990 (PDF) Claim this org

Generation Serve FY2023 filing

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Engages children in volunteering to empower them as community-minded leaders through family service. For fiscal year 2023 it reported $485K in revenue, $520K in expenses, and $181K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Austin, TX
Website
www.generationserve.org
Filings
5 on file (2020–2023)
Revenue
$485KFY2023
Expenses
$520K
Net assets
$181K
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  27-0452295 Public charity (501(c)(3)) Austin, TX
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Engages children in volunteering to empower them as community-minded leaders through family service.
Leadership
Nicole Sarkar · Executive Director · $46K
Money in and out
$485K revenue, $520K expenses
Bottom line
71% program efficiency
Where the money goes · FY2023
Total revenue
$485K
Pt VIII · Ln 12
Total expenses
$520K
Pt IX · Ln 25
Net assets
$181K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$35K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.15 Fundraising $0.14
Program efficiency
71%
of spending reaches programs
Operating runway
2.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
-7%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$485K
FY2023▼ -4%
Expenses
$520K
FY2023▼ -4%
Total assets
$271K
FY2023▼ -9%
Total liabilities
$90K
FY2023▲ +17%
Total revenue
$485K
Pt VIII · Ln 12
Total expenses
$520K
Pt IX · Ln 25
Net assets
$181K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$35K
Total assetsPt X · Ln 16$271K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGeneration Serve
EINHdr · item D27-0452295
Principal addressHdr · item CAustin, TX
WebsiteHdr · item Jwww.generationserve.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFNov 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$45,769Pt VII · Sec A
Executive Director
$16,923Pt VII · Sec A
Deputy Executive Director
$13,846Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Governance Committee
$0Pt VII · Sec A
Development Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Stephanie Bazan’s $110K as Executive Director is at the 87th percentile of top reported officer pay among 1616 $100K–1M education 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Stephanie Bazan$110,000$16,923
Muneeb Aslam$90,000$13,846
Nicole Sarkar$45,769$85,500$49,438
Amy Loar$65,742

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.

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Mission & Programs · Part III

Where the work happens

2 program services account for $370K of program spending, described in the organization's own filed words · FY2023.
01

Family Volunteering

1,928 children provided 25,449 volunteer hours to 127 nonprofit partners. Our programs have a positive impact on youth, families, and the partners we serve. Parents report that their children gain a better understanding of community needs and have an increased desire to make a difference in the community.

$278Kprogram expense
02

Teen Leadership

Our 2023 teen leadership program helped provide opportunities for teens to learn leadership skills while giving back to their community. With youth participating across austin and houston, teens organized volunteer activities, reached out to other teens to engage them in volunteering and led a variety of activities in service areas…

$93Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$514K · 106%
Program service revenue$7K · 2%
Investment income$4K · 1%
Contributions & grants106%$514K
Program service revenue2%$7K
Investment income1%$4K
— government grantsLn 1e$36K
Total revenueLn 12$485K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.15 Fundraising $0.14
Program services71%$370K
Management & general15%$78K
Fundraising14%$72K
Total functional expensesLn 25$520K

Balance Sheet

Part X · end of year
CashLn 1$109K
Total assetsLn 16$271K
Total liabilitiesLn 26$90K
Total net assetsLn 32$181K
Months of cash on handcomputed2.5

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $109K · Operating expenses/yr $520K
2.5 months
Where the money goes
Program services
Program services $370K · Total expenses $520K
71%
Management & General
Management & general $78K · Total expenses $520K
15%
Fundraising
Fundraising $72K · Total expenses $520K
14%
Cost to raise $1
Fundraising expense (3-yr avg) $62K · Solicited contributions (3-yr avg) $494K
$0.13 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $514K · Total revenue $485K
106%
Government reliance
Government grants $36K · Total revenue $485K
7%
Earned-income share
Program service revenue $7K · Total revenue $485K
2%
Investment reliance
Investment income $4K · Total revenue $485K
+0.8%
Program self-sufficiency
Program service revenue $7K · Total expenses $520K
1%
Growth & trend
Revenue growth (YoY)
This year $485K · Prior year $507K
-4%
Net-asset trend (YoY)
End of year $181K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $485K · Expenses $520K
-7%
Liabilities-to-Assets
Total liabilities — · Total assets $271K
Net-asset ratio
Net assets $181K · Total assets $271K
67%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $271K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nicole Sarkar · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $46K · Total expenses $520K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $329K · Total expenses $520K
63%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 15%
Fundraising cost ratio 14%
Revenue growth -4%
Legal fee ratio 0.2%
Accounting fee ratio 7%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 8 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$555K revenue · ⤓ 990 PDF
FY2023$485K revenue · viewing · ⤓ 990 PDF
FY2022$507K revenue · ⤓ 990 PDF
FY2021$738K revenue · ⤓ 990 PDF
FY2020$561K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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