Generation Hope EIN 27-3554088

Generation Hope

EIN  27-3554088 Public charity (501(c)(3)) Washington, DC Founded 2010
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Size
<$100K
What they do
Supports teen parents and children with mentors, emotional support, and resources for college and kindergarten success.
Leadership
Sara Knotts · Dir. of Finance
Money in and out
$0 revenue, $4K expenses
Bottom line
0% program efficiency

Supports teen parents and children with mentors, emotional support, and resources for college and kindergarten success. For fiscal year 2024 it reported $0 in revenue, $4K in expenses, and $9.3M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$0
Pt VIII · Ln 12
Total expenses
$4K
Pt IX · Ln 25
Net assets
$9.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$4K
Where spending went · Part IX cols B–D
Management & general $1.00
Program efficiency
0%
of spending reaches programs▼ -100% vs prior filing year
Operating runway
28747.1mo
months of highly liquid reserves at operating expense rate▲ ×4107 vs prior filing year
Goes to people
0%
of spending is salaries & benefits▼ -100% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$0
FY2024▼ -100%
Expenses
$4K
FY2024▼ -100%
Total assets
$9.3M
FY2024▼ -25%
Total liabilities
$0
FY2024▼ -100%
Total revenue
$0
Pt VIII · Ln 12
Total expenses
$4K
Pt IX · Ln 25
Net assets
$9.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$4K
Total assetsPt X · Ln 16$9.3M
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services, described in the organization's own filed words · FY2024.
01

Children's Program

Provided the children of our scholars ages one to five with cognitive and family support to ensure that they enter kindergarten ready. We recruited scholars and their children to the program as well as menotr familes to match them with, providing monthly early childhood interventions, resources and support in MD, DC and va.

Pt IX · col B
02

Scholar Program

RECRUITED/FUNDED new scholars for the 2021/2022 academic year raising total number of generation hope scholars in DC, MD and va and providing them with mentoring, resources, and training throughout the year. Conducted workshops and information sessions on college preparedness to PREGNAT/EXPECTING high school students.

Pt IX · col B
03

National Impact Program

A training and communications program that helps other organizations expand their supports of parenting college students and informs policy makers of the needs of this population.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGeneration Hope
EINHdr · item D27-3554088
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jgenerationhope.org
Year of formationHdr · item L2010
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B21)
Ruling yearIRS BMFMay 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Dir. of Finance
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Nicole L Lewis’s $267K as Founder & CEO is at the 99th percentile of top reported officer pay among 144 <$100K 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 · 7 named individuals · Part VII

NameFY2023FY2023FY2022FY2021FY2020
Nicole L Lewis$267,308$214,479
Reginald M Grant$190,837$166,673
N Lewis$168,585$139,462$113,649
Jessica Wisser$140,829$110,000
Caroline Griswold-Short$135,465$115,000
Reginald Grant$110,923
Jamie Williams$105,775

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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Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Management & general $1.00
Management & general100%$4K
Total functional expensesLn 25$4K

Balance Sheet

Part X · end of year
CashLn 1$9.3M
Total assetsLn 16$9.3M
Total liabilitiesLn 26$0
Total net assetsLn 32$9.3M
Months of cash on handcomputed28747.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $9.3M · Operating expenses/yr $4K
28747.1 months
Where the money goes
Program services
Program services $0 · Total expenses $4K
0%
Management & General
Management & general $4K · Total expenses $4K
100%
Fundraising
Fundraising $0 · Total expenses $4K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $193K · Solicited contributions (3-yr avg) $4.3M
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $0
Government reliance
Government grants — · Total revenue $0
Earned-income share
Program service revenue $0 · Total revenue $0
Investment reliance
Investment income $0 · Total revenue $0
Program self-sufficiency
Program service revenue $0 · Total expenses $4K
0%
Growth & trend
Revenue growth (YoY)
This year $0 · Prior year $4.6M
-100%
Net-asset trend (YoY)
End of year $9.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $0 · Expenses $4K
Liabilities-to-Assets
Total liabilities — · Total assets $9.3M
Net-asset ratio
Net assets $9.3M · Total assets $9.3M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $9.3M
0%
People & payroll
Highest Reported Total Compensation
Individual Sara Knotts · Reported title DIR. OF FINANCE · Highest reported compensation $0 · Total expenses $4K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $4K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Overhead ratio 100%
Revenue growth -100%

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 · received and paid
Grants received · FY2024
See all 15 funders →
Grants paid · 9 grants · $1.1M · 2019–2023
Unitemized GrantFY2023$300,325
Unitemized GrantFY2022$226,409
Unitemized GrantFY2022$27,381
Unitemized GrantFY2021$185,400
Unitemized GrantFY2021$14,235
Unitemized GrantFY2020$124,176
Unitemized GrantFY2020$82,311
Unitemized GrantFY2019$124,176
Unitemized GrantFY2019$29,109

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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)$0 revenue · viewing · ⤓ 990 PDF
FY2023$9.0M revenue · ⤓ 990 PDF
FY2022$6.6M revenue · ⤓ 990 PDF
FY2021$2.7M revenue · ⤓ 990 PDF
FY2020$1.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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