This Generation Connect EIN 82-3281691

This Generation Connect FY2024 filing

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Connects diverse community members and organizations to share information and resources. For fiscal year 2024 it reported $113K in revenue, $63K in expenses, and $565K in net assets.Pt I

Founded
2018
Type
Public charity (501(c)(3)) · Community Development
Location
Pittsburgh, PA
Website
www.thisgenerationconnect.com
Filings
6 on file (2020–2024)
Revenue
$113KFY2024
Expenses
$63K
Net assets
$565K
People
1
Filings
6
Updates
0
More identity details & actions ⌄
EIN  82-3281691 Public charity (501(c)(3)) Pittsburgh, PA Founded 2018
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Connects diverse community members and organizations to share information and resources.
Leadership
Money in and out
$113K revenue, $63K expenses
Bottom line
70% program efficiency
Where the money goes · FY2024
Total revenue
$113K
Pt VIII · Ln 12
Total expenses
$63K
Pt IX · Ln 25
Net assets
$565K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $50K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.30
Program efficiency
70%
of spending reaches programs
Operating runway
42.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+45%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$113K
FY2024▲ +178%
Expenses
$63K
FY2024▼ -56%
Total assets
$565K
FY2024▲ +10%
Total liabilities
$0
FY2024
Total revenue
$113K
Pt VIII · Ln 12
Total expenses
$63K
Pt IX · Ln 25
Net assets
$565K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$50K
Total assetsPt X · Ln 16$565K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $44K of program spending, described in the organization's own filed words · FY2024.
01

Creating diverse social programming and activities in deteriorating communities. To strengthen, unify and help build the economic through cultural, educational and social experiences.

$44Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThis Generation Connect
EINHdr · item D82-3281691
Principal addressHdr · item CPittsburgh, PA
WebsiteHdr · item Jwww.thisgenerationconnect.com
Year of formationHdr · item L2018
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S20)
Ruling yearIRS BMFFeb 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A

Nathaniel L Carter JR’s $100K as CEO is at the 73rd percentile of top reported officer pay among 1711 $100K–1M community 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 · 1 named individual · Part VII

NameFY2023FY2022
Nathaniel L Carter JR$100,000$80,000

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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Statement of Revenue

Part VIII
Contributions & grants$91K · 81%
Program service revenue$22K · 19%
Contributions & grants81%$91K
Program service revenue19%$22K
— government grantsLn 1e$91K
Total revenueLn 12$113K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.30
Program services70%$44K
Management & general30%$18K
Total functional expensesLn 25$63K

Balance Sheet

Part X · end of year
CashLn 1$219K
Total assetsLn 16$565K
Total liabilitiesLn 26$0
Total net assetsLn 32$565K
Months of cash on handcomputed42.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $219K · Operating expenses/yr $63K
42.0 months
Where the money goes
Program services
Program services $44K · Total expenses $63K
70%
Management & General
Management & general $18K · Total expenses $63K
30%
Fundraising
Fundraising $0 · Total expenses $63K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $91K · Total revenue $113K
81%
Government reliance
Government grants $91K · Total revenue $113K
81%
Earned-income share
Program service revenue $22K · Total revenue $113K
19%
Investment reliance
Investment income $0 · Total revenue $113K
0%
Program self-sufficiency
Program service revenue $22K · Total expenses $63K
35%
Growth & trend
Revenue growth (YoY)
This year $113K · Prior year $41K
+178%
Revenue CAGR
FY2020 $381K · FY2024 $113K
-26%
Net-asset trend (YoY)
End of year $565K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $113K · Expenses $63K
+45%
Liabilities-to-Assets
Total liabilities — · Total assets $565K
Net-asset ratio
Net assets $565K · Total assets $565K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $565K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nathaniel L Carter JR · Reported title CEO · Highest reported compensation $0 · Total expenses $63K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $21K · Total expenses $63K
33%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 30%
Fundraising cost ratio 0%
Revenue growth 178%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$125K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$237K revenue · ⤓ 990 PDF
FY2024$113K revenue · viewing · ⤓ 990 PDF
FY2023$41K revenue · ⤓ 990 PDF
FY2022$114K revenue · ⤓ 990 PDF
FY2021$46K revenue · ⤓ 990 PDF
FY2020$381K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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