Generation Diamond Corporation

Tax-deductible

Omaha, NE501(c)(3)Arts & CultureEIN 81-2162843Revenue $947K in FY2024

On file with the IRSgenerationdiamond.net4825 S 25th Street Ste 100, 68107-2738 · Omaha, NETax-exempt since May 2016Publicly supported — 509(a)(2)

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Generation Diamond empowers adults 19 and older to succeed in building a secure & stable future.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 287 volunteers and 18 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

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
5 of 5
filings with a surplus
Average surplus $67K a year · 10% of revenue · last 5 filings
Looks good: a surplus in 5 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
$93K
to officers and key staff · 12% of spending
Top officer’s pay higher than 83% of similar orgs
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 15.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $250K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$889K
72% of total assets
Worth a look: liabilities are 72% of assets; over 65%.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$947K
+18% vs prior year
Spent
$769K
To programs
77%
Net assets
$350K
By yearFY2020–FY2024
Revenue
$947K
FY2024▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2020$274K
FY2021$418K
FY2022$797K
FY2023$805K
FY2024$947K
Expenses
$769K
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$270K
FY2021$371K
FY2022$781K
FY2023$713K
FY2024$769K
Net assets
$350K
FY2024▲ +86%
Tap a bar for its year
Net assets by fiscal year
FY2020$32K
FY2021$80K
FY2022$96K
FY2023$188K
FY2024$350K

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 May 2016.

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% · $591K Management & general 17% · $133K Fundraising 6% · $45K

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

6 people listed on the 990; $93K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$90,794Pt VII · Sec A
$2,000Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Blanca Mejia’s $91K as Executive Director is at the 83rd percentile of top reported officer pay among 2216 $100K–1M arts & culture 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Blanca Mejia$90,794$84,934$78,092$47,711$63,944
Oscar Ortiz——$11,393——
Eros Mejia-Hernandez$2,000————

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps adults build secure futures through empowerment and stability.

Questions for Generation Diamond Corporation

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Provided by the organization

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2 programs · $591K · in their own filed words · FY2024
01

Generation Diamond empowers adults aged 19 and older through transitional programs and services to succeed in building a secure and stable future for its participants. Addressing Immediate Needs - A strong foundation is the first step toward rebuilding a stable future.

$579Kprogram expense
02

Mental Health

Generation Diamond has a new partnership with United Healing Counseling, LLC. Maria Elena Correa with United Healing helps Generation Diamond by providing Trauma group therapy for participants needing Mental Health assistance.

$13Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$250K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$947K
Ln 12
Gifts and grantsLn 1h$930K
Investment incomeLn 3$17K
Fees for servicesLn 2g$78
Money outPt IX
$769K
Ln 25
Programscol B$591K
Managementcol C$133K
Fundraisingcol D$45K
Owns and owesPt X
$350K
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$1.2M
LiabilitiesLn 26$889K
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$930K
Government grantsLn 1e$184K
Noncash giftsLn 1g$156K
Fees for servicesLn 2g$78
Investment incomeLn 3$17K
Total revenueLn 12$947K
Assets in detailPt X, end of year
CashLn 1$121K
SavingsLn 2$892K
Cash and savings togetherLn 1–2$1.0M
Land, buildings, equipmentLn 10c$142K
Total assetsLn 16$1.2M
LiabilitiesLn 26$889K
Net assetsLn 32$350K
OperationsPt I, VI
EmployeesI 518
VolunteersI 6287
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$202K$1.0M
Land, buildings, equipmentLn 10c$4K$142K
Total assetsLn 16$206K$1.2M
LiabilitiesLn 26$17K$889K
Net assetsLn 32$188K$350K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$91K$45K$18K$27K
Pay of disqualified personsLn 6$11K$11K
Other salaries and wagesLn 7$120K$106K$14K
Other employee benefitsLn 9$2K$376$2K
Payroll taxesLn 10$26K$20K$3K$3K
Accounting feesLn 11c$29K$29K
Professional fundraising feesLn 11e$13K$13K
Other fees for servicesLn 11g$9K$3K$6K
Advertising and promotionLn 12$5K$4K$700
Office expensesLn 13$17K$4K$13K$110
Information technologyLn 14$7K$5K$1K
OccupancyLn 16$58K$31K$27K
TravelLn 17$4K$61$4K
Conferences, conventions and meetingsLn 19$7K$7K$284
InterestLn 20$1K$1K
Depreciation, depletion and amortizationLn 22$17K$17K
InsuranceLn 23$10K$7K$3K
Other expenses (24a–d)Ln 24$342K$339K$2K$517
All other expensesLn 24e$626$626
Total functional expensesLn 25$769K$591K$133K$45K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $947K$769K$178K$350K 990 PDF
FY2023 $805K$713K$92K$188K 990 PDF
FY2022 $797K$781K$16K$96K 990 PDF
FY2021 $418K$371K$48K$80K 990 PDF
FY2020 $274K$270K$3K$32K 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 $946,906 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $805,258$929,837
I-9 Program service revenuePrior year $0$78
I-10 Investment incomePrior year $0$16,991
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $805,258$946,906
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 $251,333$249,280
I-16a Professional fundraising feesPrior year $18,573$12,699
I-17 Other expensesPrior year $443,079$507,129
I-18 Total expensesPrior year $712,985$769,108
I-19 Revenue less expensesPrior year $92,273$177,798
Part VI · Governance 4 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $946,906 across 7 lines filed
VIII-1e Government grants$184,343
VIII-1f All other contributions, gifts and grants$745,494
VIII-1g Noncash contributions (included above)$156,380
VIII-1h Total contributions, gifts and grants$929,837
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $78$78
VIII-3 Investment incomeExcluded from tax $16,991$16,991
VIII-12 Total revenueRelated to mission $78 · Unrelated business $0 · Excluded from tax $16,991$946,906
Part IX · Statement of functional expenses $769,108 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $45,397 · Management $18,159 · Fundraising $27,238$90,794
IX-6 Pay of disqualified personsPrograms $10,782$10,782
IX-7 Other salaries and wagesPrograms $106,282 · Management $13,870$120,152
IX-9 Other employee benefitsPrograms $376 · Management $1,506$1,882
IX-10 Payroll taxesPrograms $19,944 · Management $2,980 · Fundraising $2,746$25,670
IX-11c Accounting feesManagement $29,067$29,067
IX-11e Professional fundraising feesFundraising $12,699$12,699
IX-11g Other fees for servicesPrograms $3,000 · Management $6,260$9,260
IX-12 Advertising and promotionManagement $4,028 · Fundraising $700$4,728
IX-13 Office expensesPrograms $3,830 · Management $12,763 · Fundraising $110$16,703
IX-14 Information technologyManagement $5,300 · Fundraising $1,365$6,665
IX-16 OccupancyPrograms $30,838 · Management $27,261$58,099
IX-17 TravelPrograms $61 · Management $4,312$4,373
IX-19 Conferences, conventions and meetingsPrograms $6,824 · Management $284$7,108
IX-20 InterestManagement $1,367$1,367
IX-22 Depreciation, depletion and amortizationPrograms $17,237$17,237
IX-23 InsurancePrograms $6,789 · Management $3,395$10,184
IX-24 Other expenses (24a–d)Programs $339,081 · Management $2,114 · Fundraising $517$341,712
IX-24e All other expensesPrograms $626$626
IX-25 Total functional expensesPrograms $591,067 · Management $132,666 · Fundraising $45,375$769,108
Part X · Balance sheet $1,238,451 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $21,945$121,144
X-2 Savings and temporary cash investmentsStart of year $179,939$891,991
X-4 Accounts receivable$83,440
X-10c Land, buildings and equipment, netStart of year $3,722$141,876
X-16 Total assetsStart of year $205,606$1,238,451
X-17 Accounts payable and accrued expensesStart of year $7,658$11,442
X-18 Grants payable$868,696
X-26 Total liabilitiesStart of year $17,242$888,563
X-27 Net assets without donor restrictionsStart of year $188,364$112,388
X-28 Net assets with donor restrictionsStart of year $0$237,500
X-32 Total net assets or fund balancesStart of year $188,364$349,888
X-33 Total liabilities and net assetsStart of year $205,606$1,238,451
Part XI · Reconciliation of net assets $349,888 net assets at year end
XI-1 Total revenue$946,906
XI-2 Total expenses$769,108
XI-3 Revenue less expenses$177,798
XI-4 Net assets at start of year$188,364
XI-8 Prior period adjustments−$16,274
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$349,888

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

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