Generations College INC FY2020 filing

Tax-deductible

Chicago, IL501(c)(3)Since 1965Colleges & UniversitiesEIN 36-2581098Revenue $8.0M in FY2020

On file with the IRSgenerations.edu29 E Madison St, 60602-4404 · Chicago, ILTax-exempt since Jun 1967School — 170(b)(1)(A)(ii)

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Generations College is a private, nonprofit institution whose mission is to provide a transformative educational experience to its diverse student body in an environment that promotes learning and encourages, empowers, and nurtures the well-being of the whole person. Our comprehensive academic programs challenge students to excel in their academic and career pursuits and prepare students to be lifelong learners and responsible citizens in a global society.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$323K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $212K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$323K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.0M
Spent
$7.9M
To programs
81%
Net assets
$2.4M
By yearFY2020–FY2024
Revenue
$8.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$8.0M
FY2021$4.4M
FY2022$6.4M
FY2023$5.3M
FY2024$5.8M
FY2024$6.1M
Expenses
$7.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$7.9M
FY2021$4.1M
FY2022$5.4M
FY2023$5.5M
FY2024$6.1M
FY2024$6.8M
Net assets
$2.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.4M
FY2021$2.8M
FY2022$3.8M
FY2023$3.6M
FY2024$3.4M
FY2024$2.7M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1967.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $6.4M Management & general 19% · $1.5M Fundraising 0% · $23K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $323K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$215,000Pt VII · Sec A
Dean of Finance and Operat
$107,828Pt VII · Sec A
Board Chairman
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A

Dr Grace Alexis’s $242K as Chancellor is at the 90th percentile of top reported officer pay among 3394 $1–10M 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Dr Grace Alexis$241,500$241,500————
Dr Grace Stephens——$235,750———
Drmarnelle Alexis———$230,000$230,000$215,000
Mateusz Gawenda—$127,621$118,825$111,182$111,699$107,828
Joe Painter$106,575—————
Matt Gawenda$77,257—————
Hector Ferrer$35,458—————

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.

See Generations College INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Prepares students for success in a diverse, tech-driven world through educational training.

Provided by the organization

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1 program · $6.4M · in their own filed words · FY2019
01

Instructional, academic support, and student services.

$6.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 15 grants · $11.1M · 2019–2024
Unitemized GrantFY2024$1,642,472
Unitemized GrantFY2024$7,810
Unitemized GrantFY2024$4,000
Unitemized GrantFY2023$1,714,258
Unitemized GrantFY2023$57,629
Unitemized GrantFY2023$6,566
Unitemized GrantFY2022$902,874
Unitemized GrantFY2022$25,000
Unitemized GrantFY2022$13,503
Unitemized GrantFY2021$985,275
Unitemized GrantFY2021$717,259
Unitemized GrantFY2021$101,252
Unitemized GrantFY2020$428,342
Unitemized GrantFY2020$285,532
Unitemized GrantFY2019$4,231,311

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$8.0M
Ln 12
Gifts and grantsLn 1h$4.2M
Fees for servicesLn 2g$3.8M
Other incomeLn 4–11$7K
Money outPt IX
$7.9M
Ln 25
Programscol B$6.4M
Managementcol C$1.5M
Fundraisingcol D$23K
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$3.6M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.2M
Government grantsLn 1e$4.2M
Fees for servicesLn 2g$3.8M
Investment incomeLn 3$2K
Other incomeLn 4–11$7K
Total revenueLn 12$8.0M
Assets in detailPt X, end of year
CashLn 1$686K
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.8M
Land, buildings, equipmentLn 10c$135K
Total assetsLn 16$3.6M
LiabilitiesLn 26$1.1M
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 552
VolunteersI 64
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2.0M$1.8M
Land, buildings, equipmentLn 10c$185K$135K
Total assetsLn 16$3.0M$3.6M
LiabilitiesLn 26$727K$1.1M
Net assetsLn 32$2.3M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$4.2M$4.2M
Pay of current officers, directors and key staffLn 5$348K$164K$180K$4K
Other salaries and wagesLn 7$1.5M$690K$761K$16K
Pension plan contributionsLn 8$39K$18K$20K$419
Other employee benefitsLn 9$13K$10K$3K
Payroll taxesLn 10$293K$138K$152K$3K
Legal feesLn 11b$15K$11K$4K
Accounting feesLn 11c$33K$25K$8K
Other fees for servicesLn 11g$16K$12K$4K
Advertising and promotionLn 12$363K$276K$87K
Office expensesLn 13$96K$69K$27K$148
Information technologyLn 14$38K$29K$9K
OccupancyLn 16$401K$305K$96K
TravelLn 17$141$107$34
Conferences, conventions and meetingsLn 19$2K$2K$544
Depreciation, depletion and amortizationLn 22$50K$38K$12K
InsuranceLn 23$32K$24K$8K
Other expenses (24a–d)Ln 24$466K$350K$115K$132
Total functional expensesLn 25$7.9M$6.4M$1.5M$23K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $5.8M$6.1M−$239K$3.4M 990 PDF
FY2023 $5.3M$5.5M−$176K$3.6M 990 PDF
FY2022 $6.4M$5.4M$1.0M$3.8M 990 PDF
FY2021 $4.4M$4.1M$339K$2.8M 990 PDF
FY2020 Viewing $8.0M$7.9M$118K$2.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $8,020,997 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,186,221$4,233,686
I-9 Program service revenuePrior year $4,132,280$3,777,957
I-10 Investment incomePrior year $672$2,112
I-11 Other revenuePrior year $26,692$7,242
I-12 Total revenuePrior year $9,345,865$8,020,997
I-13 Grants and similar amounts paidPrior year $5,113,534$4,231,311
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,266,917$2,159,408
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,553,506$1,512,421
I-18 Total expensesPrior year $8,933,957$7,903,140
I-19 Revenue less expensesPrior year $411,908$117,857
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $8,020,997 across 8 lines filed
VIII-1e Government grants$4,231,311
VIII-1f All other contributions, gifts and grants$2,375
VIII-1h Total contributions, gifts and grants$4,233,686
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,777,957$3,777,957
VIII-3 Investment incomeExcluded from tax $2,112$2,112
VIII-8 Net income from fundraising eventsExcluded from tax $44$44
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,198$7,198
VIII-12 Total revenueRelated to mission $3,785,155 · Unrelated business $0 · Excluded from tax $2,156$8,020,997
Part IX · Statement of functional expenses $7,903,140 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $4,231,311$4,231,311
IX-5 Pay of current officers, directors and key staffPrograms $163,541 · Management $180,400 · Fundraising $3,759$347,700
IX-7 Other salaries and wagesPrograms $690,228 · Management $761,384 · Fundraising $15,868$1,467,480
IX-8 Pension plan contributionsPrograms $18,213 · Management $20,090 · Fundraising $419$38,722
IX-9 Other employee benefitsPrograms $9,713 · Management $3,066$12,779
IX-10 Payroll taxesPrograms $137,685 · Management $151,880 · Fundraising $3,162$292,727
IX-11b Legal feesPrograms $11,400 · Management $3,600$15,000
IX-11c Accounting feesPrograms $25,403 · Management $8,022$33,425
IX-11g Other fees for servicesPrograms $11,780 · Management $3,720$15,500
IX-12 Advertising and promotionPrograms $276,044 · Management $87,172$363,216
IX-13 Office expensesPrograms $68,644 · Management $26,746 · Fundraising $148$95,538
IX-14 Information technologyPrograms $28,680 · Management $9,057$37,737
IX-16 OccupancyPrograms $305,116 · Management $96,352$401,468
IX-17 TravelPrograms $107 · Management $34$141
IX-19 Conferences, conventions and meetingsPrograms $1,722 · Management $544$2,266
IX-22 Depreciation, depletion and amortizationPrograms $38,272 · Management $12,085$50,357
IX-23 InsurancePrograms $24,157 · Management $7,628$31,785
IX-24 Other expenses (24a–d)Programs $350,495 · Management $115,361 · Fundraising $132$465,988
IX-25 Total functional expensesPrograms $6,392,511 · Management $1,487,141 · Fundraising $23,488$7,903,140
Part X · Balance sheet $3,551,706 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,069,155$685,980
X-2 Savings and temporary cash investmentsStart of year $905,095$1,107,207
X-3 Pledges and grants receivableStart of year $2,687$8,282
X-4 Accounts receivableStart of year $843,584$1,586,279
X-9 Prepaid expenses and deferred chargesStart of year $44,391$29,315
X-10c Land, buildings and equipment, netStart of year $185,000$134,643
X-16 Total assetsStart of year $3,049,912$3,551,706
X-17 Accounts payable and accrued expensesStart of year $115,919$113,273
X-19 Deferred revenueStart of year $611,273$573,656
X-24 Unsecured notes and loans payableStart of year $0$414,200
X-25 Other liabilitiesStart of year $0$10,000
X-26 Total liabilitiesStart of year $727,192$1,111,129
X-27 Net assets without donor restrictionsStart of year $2,322,720$2,440,577
X-32 Total net assets or fund balancesStart of year $2,322,720$2,440,577
X-33 Total liabilities and net assetsStart of year $3,049,912$3,551,706
Part XI · Reconciliation of net assets $2,440,577 net assets at year end
XI-1 Total revenue$8,020,997
XI-2 Total expenses$7,903,140
XI-3 Revenue less expenses$117,857
XI-4 Net assets at start of year$2,322,720
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,440,577

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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