Generations College INC FY2023 filing

Tax-deductible

Chicago, IL501(c)(3)Since 1965Colleges & UniversitiesEIN 36-2581098Revenue $5.3M in FY2023

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

This page gets seen. Tell your story. Claim this org.

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.
65¢ of each $1 spent went to programs.
$355K 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

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $66K a year · 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$355K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.2M
47% of total assets
Looks good: liabilities are 47% 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
$5.3M
-17% vs prior year
Spent
$5.5M
To programs
65%
Net assets
$3.6M
By yearFY2020–FY2025
Revenue
$5.3M
FY2023▼ -17%
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
FY2025$6.1M
Expenses
$5.5M
FY2023▲ +1%
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
FY2025$6.8M
Net assets
$3.6M
FY2023▼ -5%
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
FY2025$2.7M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1967.

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

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $3.6M Management & general 35% · $1.9M Fundraising 0% · $4K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

5 people listed on the 990; $355K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$235,750Pt VII · Sec A
President/Dean of Finance
$118,825Pt 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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 →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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.

Questions for Generations College INC

Tap to ask. Generations College INC sees how many people are interested.

Your first name shows with your question. Generations College INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $3.6M · in their own filed words · FY2022
01

Instructional, academic support, and student services.

$3.6Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$5.3M
Ln 12
Fees for servicesLn 2g$4.6M
Gifts and grantsLn 1h$499K
Other incomeLn 4–11$160K
Money outPt IX
$5.5M
Ln 25
Programscol B$3.6M
Managementcol C$1.9M
Fundraisingcol D$4K
Owns and owesPt X
$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$6.9M
LiabilitiesLn 26$3.2M
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$499K
Government grantsLn 1e$445K
Fees for servicesLn 2g$4.6M
Investment incomeLn 3$21K
Other incomeLn 4–11$160K
Total revenueLn 12$5.3M
Assets in detailPt X, end of year
CashLn 1$179K
SavingsLn 2$1.8M
Cash and savings togetherLn 1–2$2.0M
Land, buildings, equipmentLn 10c$156K
Total assetsLn 16$6.9M
LiabilitiesLn 26$3.2M
Net assetsLn 32$3.6M
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 FY23End FY23
Cash and savingsLn 1–2$3.0M$2.0M
Land, buildings, equipmentLn 10c$216K$156K
Total assetsLn 16$4.6M$6.9M
LiabilitiesLn 26$770K$3.2M
Net assetsLn 32$3.8M$3.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$941K$941K
Pay of current officers, directors and key staffLn 5$411K$165K$245K$748
Other salaries and wagesLn 7$1.5M$618K$918K$3K
Pension plan contributionsLn 8$27K$11K$16K$48
Other employee benefitsLn 9$182K$73K$109K$332
Payroll taxesLn 10$145K$58K$86K$264
Legal feesLn 11b$36K$27K$9K
Accounting feesLn 11c$65K$49K$16K
Other fees for servicesLn 11g$13K$10K$3K
Advertising and promotionLn 12$335K$254K$80K
Office expensesLn 13$47K$36K$11K
Information technologyLn 14$511K$388K$123K
OccupancyLn 16$471K$358K$113K
TravelLn 17$35K$26K$8K
Depreciation, depletion and amortizationLn 22$60K$46K$14K
InsuranceLn 23$49K$37K$12K
Other expenses (24a–d)Ln 24$618K$470K$148K
All other expensesLn 24e$15K$12K$4K
Total functional expensesLn 25$5.5M$3.6M$1.9M$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.1M$6.8M−$665K$2.7M 990 PDF
FY2024 $5.8M$6.1M−$239K$3.4M 990 PDF
FY2023 Viewing $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 $8.0M$7.9M$118K$2.4M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2023 990 (6 parts)
Part I · Summary $5,323,151 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,265,306$498,518
I-9 Program service revenuePrior year $4,171,699$4,643,654
I-10 Investment incomePrior year $187$20,571
I-11 Other revenuePrior year $617$160,408
I-12 Total revenuePrior year $6,437,809$5,323,151
I-13 Grants and similar amounts paidPrior year $1,803,786$941,377
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,104,158$2,303,250
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,513,739$2,254,305
I-18 Total expensesPrior year $5,421,683$5,498,932
I-19 Revenue less expensesPrior year $1,016,126−$175,781
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 $5,323,151 across 7 lines filed
VIII-1e Government grants$445,412
VIII-1f All other contributions, gifts and grants$53,106
VIII-1h Total contributions, gifts and grants$498,518
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,643,654$4,643,654
VIII-3 Investment incomeExcluded from tax $20,571$20,571
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $160,408$160,408
VIII-12 Total revenueRelated to mission $4,804,062 · Unrelated business $0 · Excluded from tax $20,571$5,323,151
Part IX · Statement of functional expenses $5,498,932 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $941,377$941,377
IX-5 Pay of current officers, directors and key staffPrograms $165,027 · Management $245,000 · Fundraising $748$410,775
IX-7 Other salaries and wagesPrograms $618,071 · Management $917,591 · Fundraising $2,803$1,538,465
IX-8 Pension plan contributionsPrograms $10,729 · Management $15,928 · Fundraising $48$26,705
IX-9 Other employee benefitsPrograms $73,313 · Management $108,842 · Fundraising $332$182,487
IX-10 Payroll taxesPrograms $58,180 · Management $86,374 · Fundraising $264$144,818
IX-11b Legal feesPrograms $27,360 · Management $8,640$36,000
IX-11c Accounting feesPrograms $49,189 · Management $15,533$64,722
IX-11g Other fees for servicesPrograms $9,766 · Management $3,084$12,850
IX-12 Advertising and promotionPrograms $254,291 · Management $80,302$334,593
IX-13 Office expensesPrograms $35,880 · Management $11,331$47,211
IX-14 Information technologyPrograms $388,028 · Management $122,549$510,577
IX-16 OccupancyPrograms $358,079 · Management $113,078$471,157
IX-17 TravelPrograms $26,339 · Management $8,316$34,655
IX-22 Depreciation, depletion and amortizationPrograms $45,897 · Management $14,493$60,390
IX-23 InsurancePrograms $37,359 · Management $11,797$49,156
IX-24 Other expenses (24a–d)Programs $469,544 · Management $148,275$617,819
IX-24e All other expensesPrograms $11,534 · Management $3,641$15,175
IX-25 Total functional expensesPrograms $3,579,963 · Management $1,914,774 · Fundraising $4,195$5,498,932
Part X · Balance sheet $6,852,000 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,466,415$178,761
X-2 Savings and temporary cash investmentsStart of year $1,507,415$1,827,954
X-3 Pledges and grants receivableStart of year $13,247$229,563
X-4 Accounts receivableStart of year $1,037,756$1,913,341
X-9 Prepaid expenses and deferred chargesStart of year $325,174$765,851
X-10c Land, buildings and equipment, netStart of year $215,923$155,533
X-14 Intangible assets$1,780,997
X-16 Total assetsStart of year $4,565,930$6,852,000
X-17 Accounts payable and accrued expensesStart of year $198,579$259,172
X-19 Deferred revenueStart of year $561,768$682,593
X-25 Other liabilitiesStart of year $10,000$2,290,433
X-26 Total liabilitiesStart of year $770,347$3,232,198
X-27 Net assets without donor restrictionsStart of year $3,795,583$3,619,802
X-32 Total net assets or fund balancesStart of year $3,795,583$3,619,802
X-33 Total liabilities and net assetsStart of year $4,565,930$6,852,000
Part XI · Reconciliation of net assets $3,619,802 net assets at year end
XI-1 Total revenue$5,323,151
XI-2 Total expenses$5,498,932
XI-3 Revenue less expenses−$175,781
XI-4 Net assets at start of year$3,795,583
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,619,802

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.