Generation - You Employed INC FY2021 filing

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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.
80¢ of each $1 spent went to programs.
$2.8M 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

FY2021 · 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
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.8M
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
7 mo
of spending, in cash
Looks good: 6.7 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
$938K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$18.0M
-59% vs prior year
Spent
$27.9M
To programs
80%
Net assets
$31.3M
By yearFY2020–FY2024
Revenue
$18.0M
FY2021▼ -59%
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
$27.9M
FY2021▲ +25%
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
$31.3M
FY2021▼ -21%
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 FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Oct 2014.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $22.2M Management & general 19% · $5.2M Fundraising 2% · $442K

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

22 people listed on the 990; $2.8M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$446,638Pt VII · Sec A
Regional CEO, Apac
$313,379Pt VII · Sec A
Chief Operating Officer
$309,357Pt VII · Sec A
Chief Partnerships Officer
$298,570Pt VII · Sec A
Chief of Learning
$269,903Pt VII · Sec A
Chief Communication Officer
$220,182Pt VII · Sec A
Regional COO Samea
$212,982Pt VII · Sec A
Regional COO, Europe
$210,220Pt 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.

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Provided by the organization

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1 program · $22.2M · in their own filed words · FY2021
01

Generation is a nonprofit that transforms education to employment systems to prepare, place, and support people into life-changing careers that would otherwise be inaccessible. The global pandemic has led to an unprecedented surge in unemployment.

$22.2Mprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$18.0M
Ln 12
Gifts and grantsLn 1h$16.3M
Fees for servicesLn 2g$1.6M
Investment incomeLn 3$306
Money outPt IX
$27.9M
Ln 25
Programscol B$22.2M
Managementcol C$5.2M
Fundraisingcol D$442K
Owns and owesPt X
$31.3M
net assets · Ln 32
Cash and savingsLn 1–2$15.5M
Total assetsLn 16$32.2M
LiabilitiesLn 26$938K
PeoplePt VI, VII
22
listed · VII A
PaidVII A11
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16.3M
Government grantsLn 1e$144K
Fees for servicesLn 2g$1.6M
Investment incomeLn 3$306
Total revenueLn 12$18.0M
Assets in detailPt X, end of year
CashLn 1$14.5M
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$15.5M
Total assetsLn 16$32.2M
LiabilitiesLn 26$938K
Net assetsLn 32$31.3M
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 FY21End FY21
Cash and savingsLn 1–2$12.3M$15.5M
Total assetsLn 16$41.7M$32.2M
LiabilitiesLn 26$2.1M$938K
Net assetsLn 32$39.7M$31.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.5M$1.5M
Grants and assistance to foreign recipientsLn 3$11.8M$11.8M
Pay of current officers, directors and key staffLn 5$1.9M$526K$1.2M$200K
Other salaries and wagesLn 7$5.6M$4.5M$901K$146K
Pension plan contributionsLn 8$143K$100K$37K$7K
Other employee benefitsLn 9$1.1M$757K$278K$50K
Payroll taxesLn 10$219K$153K$56K$10K
Legal feesLn 11b$443K$57K$386K
Accounting feesLn 11c$210K$34K$176K
Other fees for servicesLn 11g$3.1M$1.6M$1.5M$26K
Advertising and promotionLn 12$83K$83K
Office expensesLn 13$84K$61K$23K$27
Information technologyLn 14$357K$98K$259K
OccupancyLn 16$5K$1K$4K
TravelLn 17$12K$11K$441
Conferences, conventions and meetingsLn 19$4K$749$4K
InsuranceLn 23$33K$33K
Other expenses (24a–d)Ln 24$1.3M$1.0M$301K$3K
Total functional expensesLn 25$27.9M$22.2M$5.2M$442K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $17,956,702 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $43,049,677$16,347,255
I-9 Program service revenuePrior year $889,695$1,609,141
I-10 Investment incomePrior year $8,973$306
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $43,948,345$17,956,702
I-13 Grants and similar amounts paidPrior year $9,414,471$13,252,534
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $7,541,519$8,929,410
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $5,274,627$5,694,297
I-18 Total expensesPrior year $22,230,617$27,876,241
I-19 Revenue less expensesPrior year $21,717,728−$9,919,539
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $17,956,702 across 6 lines filed
VIII-1e Government grants$143,779
VIII-1f All other contributions, gifts and grants$16,203,476
VIII-1h Total contributions, gifts and grants$16,347,255
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,609,141$1,609,141
VIII-3 Investment incomeExcluded from tax $306$306
VIII-12 Total revenueRelated to mission $1,609,141 · Unrelated business $0 · Excluded from tax $306$17,956,702
Part IX · Statement of functional expenses $27,876,241 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $1,485,136$1,485,136
IX-3 Grants and assistance to foreign recipientsPrograms $11,767,398$11,767,398
IX-5 Pay of current officers, directors and key staffPrograms $525,645 · Management $1,180,978 · Fundraising $200,018$1,906,641
IX-7 Other salaries and wagesPrograms $4,529,707 · Management $900,760 · Fundraising $146,175$5,576,642
IX-8 Pension plan contributionsPrograms $99,766 · Management $36,600 · Fundraising $6,627$142,993
IX-9 Other employee benefitsPrograms $756,523 · Management $277,537 · Fundraising $50,254$1,084,314
IX-10 Payroll taxesPrograms $152,670 · Management $56,008 · Fundraising $10,142$218,820
IX-11b Legal feesPrograms $57,399 · Management $386,076$443,475
IX-11c Accounting feesPrograms $33,503 · Management $176,062$209,565
IX-11g Other fees for servicesPrograms $1,602,899 · Management $1,504,579 · Fundraising $25,611$3,133,089
IX-12 Advertising and promotionManagement $82,557$82,557
IX-13 Office expensesPrograms $60,783 · Management $22,798 · Fundraising $27$83,608
IX-14 Information technologyPrograms $97,711 · Management $258,813$356,524
IX-16 OccupancyPrograms $1,087 · Management $4,357$5,444
IX-17 TravelPrograms $11,105 · Management $441$11,546
IX-19 Conferences, conventions and meetingsPrograms $749 · Management $3,574$4,323
IX-23 InsuranceManagement $33,092$33,092
IX-24 Other expenses (24a–d)Programs $1,027,186 · Management $300,729 · Fundraising $3,159$1,331,074
IX-25 Total functional expensesPrograms $22,209,267 · Management $5,224,961 · Fundraising $442,013$27,876,241
Part X · Balance sheet $32,196,758 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $10,311,355$14,489,528
X-2 Savings and temporary cash investmentsStart of year $1,981,232$1,012,803
X-3 Pledges and grants receivableStart of year $28,240,458$10,742,957
X-4 Accounts receivableStart of year $939,214$4,113,963
X-9 Prepaid expenses and deferred chargesStart of year $260,261$1,837,507
X-16 Total assetsStart of year $41,732,520$32,196,758
X-17 Accounts payable and accrued expensesStart of year $2,071,883$937,556
X-26 Total liabilitiesStart of year $2,071,883$937,556
X-27 Net assets without donor restrictionsStart of year $1,472,707$5,504,396
X-28 Net assets with donor restrictionsStart of year $38,187,930$25,754,806
X-32 Total net assets or fund balancesStart of year $39,660,637$31,259,202
X-33 Total liabilities and net assetsStart of year $41,732,520$32,196,758
Part XI · Reconciliation of net assets $31,259,202 net assets at year end
XI-1 Total revenue$17,956,702
XI-2 Total expenses$27,876,241
XI-3 Revenue less expenses−$9,919,539
XI-4 Net assets at start of year$39,660,637
XI-5 Net unrealized gains (losses) on investments−$4
XI-8 Prior period adjustments$1,667,408
XI-9 Other changes in net assets−$149,300
XI-10 Net assets at end of year$31,259,202

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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