Martins Point Generations Advantage INC: Nonprofit Profile, Financials & Form 990 (EIN 47-4682941)

Revenue by fiscal year
FY2020	$520.0M
FY2021	$568.6M
FY2022	$658.9M
FY2023	$658.6M
FY2024	$745.8M

Expenses by fiscal year
FY2020	$484.1M
FY2021	$589.8M
FY2022	$684.5M
FY2023	$707.0M
FY2024	$805.6M

Net assets by fiscal year
FY2020	$129.6M
FY2021	$103.7M
FY2022	$101.7M
FY2023	$96.1M
FY2024	$95.1M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2016.

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

Where the money goes

96 cents of each dollar spent went to programs.

96%

Program services 96% · $777.4M Management & general 4% · $28.2M

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

13 people listed on the 990.

Part VII, Section A · reportable compensation

Steve Decastro

Board Member

$0Pt VII · Sec A

John Fitzsimmons

Board Member

$0Pt VII · Sec A

George J Isham MD Ms

Board Member

$0Pt VII · Sec A

Umesh Kurpad

Board Member (start 9/2024)

$0Pt VII · Sec A

Cathleen Morrow MD

Board Member

$0Pt VII · Sec A

Barbara E Trethaway Jd

Board Member

$0Pt VII · Sec A

Edward S McKersie

Chair (end 9/2024)/Treasurer

$0Pt VII · Sec A

Kathryn Rand

Vice Chair (end 9/2024)/Chair

$0Pt VII · Sec A

See Martins Point Generations Advantage 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 15aNo

Programs and updates

Provides essential services and support to those in need.

Provided by the organization

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1 program · $777.4M · in their own filed words · FY2024

01

Generations Advantage

Please see not-for-profit narrative statement for Martin's Point Generations Advantage on Schedule O.

$777.4Mprogram expense

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$745.8M

Ln 12

Fees for servicesLn 2g$737.0M

Investment incomeLn 3$8.9M

Money outPt IX

$805.6M

Ln 25

Programscol B$777.4M

Managementcol C$28.2M

Owns and owesPt X

$95.1M

net assets · Ln 32

Cash and savingsLn 1–2$29.6M

Total assetsLn 16$221.8M

LiabilitiesLn 26$126.7M

PeoplePt VI, VII

13

listed · VII A

PaidVII A0

Voting boardVI 1a10

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$737.0M

Investment incomeLn 3$8.9M

Gains on assetsLn 7$2.7M

Total revenueLn 12$745.8M

Assets in detailPt X, end of year

CashLn 1$26.9M

SavingsLn 2$2.8M

Cash and savings togetherLn 1–2$29.6M

InvestmentsLn 11–13$53.7M

Other assetsLn 15$85.7M

Total assetsLn 16$221.8M

LiabilitiesLn 26$126.7M

Net assetsLn 32$95.1M

OperationsPt I, VI

EmployeesI 50

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$88.6M	$29.6M
InvestmentsLn 11–13	$52.5M	$53.7M
Total assetsLn 16	$191.5M	$221.8M
LiabilitiesLn 26	$95.4M	$126.7M
Net assetsLn 32	$96.1M	$95.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$4.0M	$4.0M
Pension plan contributionsLn 8	$183K	$183K
Other employee benefitsLn 9	$517K	$517K
Payroll taxesLn 10	$285K	$285K
Management feesLn 11a	$42.2M	$14.3M	$27.9M
Investment management feesLn 11f	$349K		$349K
Other fees for servicesLn 11g	$4.9M	$4.9M
Advertising and promotionLn 12	$4.1M	$4.1M
Office expensesLn 13	$1.0M	$1.0M
Information technologyLn 14	$6K	$6K
TravelLn 17	$11K	$11K
Conferences, conventions and meetingsLn 19	$60K	$60K
Other expenses (24a–d)Ln 24	$748.0M	$748.0M
Total functional expensesLn 25	$805.6M	$777.4M	$28.2M	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$745.8M	$805.6M	−$59.8M	$95.1M	990 PDF
FY2023	$658.6M	$707.0M	−$48.4M	$96.1M	990 PDF
FY2022	$658.9M	$684.5M	−$25.6M	$101.7M	990 PDF
FY2021	$568.6M	$589.8M	−$21.2M	$103.7M	990 PDF
FY2020	$520.0M	$484.1M	$35.9M	$129.6M	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 $745,845,935 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $653,632,892$736,966,567

I-10 Investment incomePrior year $4,941,414$8,879,368

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $658,574,306$745,845,935

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $43,177,809$4,973,528

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $663,785,374$800,650,910

I-18 Total expensesPrior year $706,963,183$805,624,438

I-19 Revenue less expensesPrior year −$48,388,877−$59,778,503

Part VI · Governance 6 of 10 board members independent, 1 to look at

VI-1a Voting members of the governing body10

VI-1b Independent voting members6

VI-15a Process for setting top official's payNo

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

Part VIII · Statement of revenue $745,845,935 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $736,966,567$736,966,567

VIII-3 Investment incomeExcluded from tax $6,220,647$6,220,647

VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,658,721$2,658,721

VIII-12 Total revenueRelated to mission $736,966,567 · Unrelated business $0 · Excluded from tax $8,879,368$745,845,935

Part IX · Statement of functional expenses $805,624,438 across 13 lines filed

IX-7 Other salaries and wagesPrograms $3,988,184$3,988,184

IX-8 Pension plan contributionsPrograms $182,949$182,949

IX-9 Other employee benefitsPrograms $517,138$517,138

IX-10 Payroll taxesPrograms $285,257$285,257

IX-11a Management feesPrograms $14,343,003 · Management $27,865,572$42,208,575

IX-11f Investment management feesManagement $348,890$348,890

IX-11g Other fees for servicesPrograms $4,928,669$4,928,669

IX-12 Advertising and promotionPrograms $4,107,285$4,107,285

IX-13 Office expensesPrograms $1,026,814$1,026,814

IX-14 Information technologyPrograms $5,770$5,770

IX-17 TravelPrograms $10,910$10,910

IX-19 Conferences, conventions and meetingsPrograms $60,071$60,071

IX-24 Other expenses (24a–d)Programs $747,953,926$747,953,926

IX-25 Total functional expensesPrograms $777,409,976 · Management $28,214,462 · Fundraising $0$805,624,438

Part X · Balance sheet $221,809,177 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $72,317,878$26,860,218

X-2 Savings and temporary cash investmentsStart of year $16,307,250$2,771,426

X-4 Accounts receivableStart of year $47,352,231$52,736,377

X-11 Publicly traded securitiesStart of year $52,510,311$53,736,685

X-15 Other assetsStart of year $3,002,793$85,704,471

X-16 Total assetsStart of year $191,490,463$221,809,177

X-17 Accounts payable and accrued expensesStart of year $95,401,278$126,713,826

X-26 Total liabilitiesStart of year $95,401,278$126,713,826

X-27 Net assets without donor restrictionsStart of year $96,089,185$95,095,351

X-32 Total net assets or fund balancesStart of year $96,089,185$95,095,351

X-33 Total liabilities and net assetsStart of year $191,490,463$221,809,177

Part XI · Reconciliation of net assets $95,095,351 net assets at year end

XI-1 Total revenue$745,845,935

XI-2 Total expenses$805,624,438

XI-3 Revenue less expenses−$59,778,503

XI-4 Net assets at start of year$96,089,185

XI-5 Net unrealized gains (losses) on investments$2,254,435

XI-9 Other changes in net assets$56,530,234

XI-10 Net assets at end of year$95,095,351

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

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Martins Point Generations Advantage INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Generations Advantage

By the numbers

Filing history

Schedules filed Part IV