Generation - You Employed INC

Tax-deductible

Washington, DC501(c)(3)Since 2014Youth DevelopmentEIN 47-1073442Revenue $31.4M in FY2024

On file with the IRSgeneration.org601 Pennsylvania Ave Nw, 20004-2601 · Washington, DCTax-exempt since Oct 2014Publicly supported charity — 170(b)(1)(A)(vi)

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Our mission is to transform education to employment systems to prepare, place, and support people into life-changing careers that would otherwise be inaccessible.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$2.7M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · 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 $3.6M a year · 12% 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
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.7M
to officers and key staff · 11% of spending
Top officer’s pay higher than 95% of similar orgs
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 8.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
22
named funders · $15.8M
Looks good: 22 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.7M
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 14 voting members
Looks good: 13 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$31.4M
+22% vs prior year
Spent
$24.6M
To programs
77%
Net assets
$37.5M
By yearFY2020–FY2024
Revenue
$31.4M
FY2024▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$43.9M
FY2021$18.0M
FY2022$34.4M
FY2023$25.8M
FY2024$31.4M
Expenses
$24.6M
FY2024▼ -15%
Tap a bar for its year
Expenses by fiscal year
FY2020$22.2M
FY2021$27.9M
FY2022$31.9M
FY2023$28.9M
FY2024$24.6M
Net assets
$37.5M
FY2024▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2020$39.7M
FY2021$31.3M
FY2022$33.8M
FY2023$30.7M
FY2024$37.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2014.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $18.9M Management & general 21% · $5.3M Fundraising 2% · $430K

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

23 people listed on the 990; $2.7M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$560,482Pt VII · Sec A
Regional CEO, Apac
$294,726Pt VII · Sec A
Chief Operating Officer
$283,383Pt VII · Sec A
Chief of Learning
$264,782Pt VII · Sec A
Chief Financial Officer
$246,832Pt VII · Sec A
Chief Partnerships Officer
$237,141Pt VII · Sec A
Chief People Officer
$218,062Pt VII · Sec A
Chief Communication Officer
$213,796Pt VII · Sec A

Mona Mourshed’s $560K as President & CEO is at the 95th percentile of top reported officer pay among 189 $10–100M youth development 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Mona Mourshed$560,482$486,961$474,752$446,638—
Jeremy Fox$294,726$294,646$313,861$313,379—
Ali Jaffer$283,383$283,066$305,019$309,357—
Alexandra Hay-Plumb——$220,986$298,570—
Kelly J Cassaro——$287,414$269,903$195,515
Kelly Cassaro$264,782$265,923———
Guli Ruzmetova$246,832$227,944$245,041$200,625$168,625
Jennifer Sikes$213,796$215,537$238,925$220,182$189,095

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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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, places, and supports people into life-changing careers.

Questions for Generation - You Employed INC

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Provided by the organization

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1 program · $18.9M · in their own filed words · FY2024
01

Generation

You employed, inc. (gye), is a nonprofit that believes in the power of employment to change lives. They prepare, place, and support people into careers that would otherwise be inaccessible across 17 countries, and advocate for new approaches that will open up opportunities to everyone.

$18.9Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 22 funders →
Grants paid · 2 grants · $2.2M · 2021–2022
Generation USA INCDC · FY2022$674,864
Generation USA INCDC · FY2021$1,485,136

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$31.4M
Ln 12
Gifts and grantsLn 1h$30.0M
Investment incomeLn 3$833K
Fees for servicesLn 2g$580K
Money outPt IX
$24.6M
Ln 25
Programscol B$18.9M
Managementcol C$5.3M
Fundraisingcol D$430K
Owns and owesPt X
$37.5M
net assets · Ln 32
Cash and savingsLn 1–2$17.9M
Total assetsLn 16$39.2M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
23
listed · VII A
PaidVII A10
Voting boardVI 1a14
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$30.0M
Fees for servicesLn 2g$580K
Investment incomeLn 3$833K
Total revenueLn 12$31.4M
Assets in detailPt X, end of year
CashLn 1$553K
SavingsLn 2$17.4M
Cash and savings togetherLn 1–2$17.9M
Total assetsLn 16$39.2M
LiabilitiesLn 26$1.7M
Net assetsLn 32$37.5M
OperationsPt I, VI
EmployeesI 532
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$13.5M$17.9M
Total assetsLn 16$31.7M$39.2M
LiabilitiesLn 26$1.1M$1.7M
Net assetsLn 32$30.7M$37.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$6.8M$6.8M
Pay of current officers, directors and key staffLn 5$1.7M$609K$1.1M
Other salaries and wagesLn 7$7.9M$5.9M$1.6M$335K
Pension plan contributionsLn 8$105K$90K$9K$6K
Other employee benefitsLn 9$1.7M$1.2M$447K$64K
Payroll taxesLn 10$211K$144K$59K$7K
Legal feesLn 11b$63K$19K$45K
Accounting feesLn 11c$219K$47K$171K
Other fees for servicesLn 11g$3.1M$2.1M$962K
Advertising and promotionLn 12$249K$212K$37K
Office expensesLn 13$195K$92K$100K$3K
Information technologyLn 14$215K$209K$7K
OccupancyLn 16$26K$25K$1K
TravelLn 17$98K$84K$13K$404
InsuranceLn 23$31K$31K
Other expenses (24a–d)Ln 24$2.2M$1.6M$607K$15K
All other expensesLn 24e−$140K−$174K$34K
Total functional expensesLn 25$24.6M$18.9M$5.3M$430K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $31.4M$24.6M$6.8M$37.5M 990 PDF
FY2023 $25.8M$28.9M−$3.1M$30.7M 990 PDF
FY2022 $34.4M$31.9M$2.5M$33.8M 990 PDF
FY2021 $18.0M$27.9M−$9.9M$31.3M 990 PDF
FY2020 $43.9M$22.2M$21.7M$39.7M 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 FY2024 990 (6 parts)
Part I · Summary $31,427,071 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $24,005,046$30,013,913
I-9 Program service revenuePrior year $1,013,381$579,690
I-10 Investment incomePrior year $744,396$833,468
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $25,762,823$31,427,071
I-13 Grants and similar amounts paidPrior year $9,828,088$6,769,788
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $11,574,635$11,611,186
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,457,405$6,236,782
I-18 Total expensesPrior year $28,860,128$24,617,756
I-19 Revenue less expensesPrior year −$3,097,305$6,809,315
Part VI · Governance 13 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members13
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 $31,427,071 across 5 lines filed
VIII-1f All other contributions, gifts and grants$30,013,913
VIII-1h Total contributions, gifts and grants$30,013,913
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $579,690$579,690
VIII-3 Investment incomeExcluded from tax $833,468$833,468
VIII-12 Total revenueRelated to mission $579,690 · Unrelated business $0 · Excluded from tax $833,468$31,427,071
Part IX · Statement of functional expenses $24,617,756 across 17 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $6,769,788$6,769,788
IX-5 Pay of current officers, directors and key staffPrograms $609,068 · Management $1,118,309$1,727,377
IX-7 Other salaries and wagesPrograms $5,897,107 · Management $1,635,110 · Fundraising $334,671$7,866,888
IX-8 Pension plan contributionsPrograms $89,823 · Management $9,095 · Fundraising $6,073$104,991
IX-9 Other employee benefitsPrograms $1,190,923 · Management $446,626 · Fundraising $63,592$1,701,141
IX-10 Payroll taxesPrograms $143,977 · Management $59,336 · Fundraising $7,476$210,789
IX-11b Legal feesPrograms $18,587 · Management $44,754$63,341
IX-11c Accounting feesPrograms $47,494 · Management $171,200$218,694
IX-11g Other fees for servicesPrograms $2,135,474 · Management $962,098$3,097,572
IX-12 Advertising and promotionPrograms $212,129 · Management $37,060$249,189
IX-13 Office expensesPrograms $91,998 · Management $99,742 · Fundraising $3,246$194,986
IX-14 Information technologyPrograms $208,695 · Management $6,566$215,261
IX-16 OccupancyPrograms $24,712 · Management $1,172$25,884
IX-17 TravelPrograms $84,472 · Management $13,313 · Fundraising $404$98,189
IX-23 InsuranceManagement $30,572$30,572
IX-24 Other expenses (24a–d)Programs $1,561,315 · Management $606,739 · Fundraising $14,740$2,182,794
IX-24e All other expensesPrograms −$173,950 · Management $34,250−$139,700
IX-25 Total functional expensesPrograms $18,911,612 · Management $5,275,942 · Fundraising $430,202$24,617,756
Part X · Balance sheet $39,235,125 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,666,907$553,370
X-2 Savings and temporary cash investmentsStart of year $11,813,406$17,383,674
X-3 Pledges and grants receivableStart of year $14,898,912$17,786,979
X-4 Accounts receivableStart of year $1,222,664$1,441,856
X-9 Prepaid expenses and deferred chargesStart of year $2,116,011$2,069,246
X-16 Total assetsStart of year $31,717,900$39,235,125
X-17 Accounts payable and accrued expensesStart of year $1,062,145$1,695,386
X-26 Total liabilitiesStart of year $1,062,145$1,695,386
X-27 Net assets without donor restrictionsStart of year $8,140,707$7,671,890
X-28 Net assets with donor restrictionsStart of year $22,515,048$29,867,849
X-32 Total net assets or fund balancesStart of year $30,655,755$37,539,739
X-33 Total liabilities and net assetsStart of year $31,717,900$39,235,125
Part XI · Reconciliation of net assets $37,539,739 net assets at year end
XI-1 Total revenue$31,427,071
XI-2 Total expenses$24,617,756
XI-3 Revenue less expenses$6,809,315
XI-4 Net assets at start of year$30,655,755
XI-5 Net unrealized gains (losses) on investments$74,669
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$37,539,739

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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