New Generations Foundation INC

Tax-deductible

Alpharetta, GA501(c)(3)Human ServicesEIN 83-3129647

Plan 2040 seeks to empower new generations with resources for lifelong success and resilience. Our comprehensive initiative is aimed at enhancing community development and opportunities for underserved children and families,focusing on health, education,family support,economic stability, and spiritual growth.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
3 of 5
filings with a surplus
Average surplus $3K a year · under 1% 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
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$845K
+875% vs prior year
Spent
$809K
To programs
95%
Net assets
$55K
By yearFY2020–FY2024
Revenue
$845K
FY2024▲ +875%
Revenue by fiscal year
FY2020$498K
FY2021$127K
FY2022$277K
FY2023$87K
FY2024$845K
Expenses
$809K
FY2024▲ +842%
Expenses by fiscal year
FY2020$337K
FY2021$269K
FY2022$319K
FY2023$86K
FY2024$809K
Net assets
$55K
FY2024▲ +191%
Net assets by fiscal year
FY2020$203K
FY2021$60K
FY2022$18K
FY2023$19K
FY2024$55K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2019.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $770K Management & general 4% · $30K Fundraising 1% · $8K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See New Generations Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers underserved children and families with resources for lifelong success and resilience.

Provided by the organization

This section is blank until New Generations Foundation INC claims this page.

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1 program service account for $770K of program spending, described in the organization's own filed words · FY2024.
01

In 2024, the organization invested in delivering holistic, community-centered services through its Plan 2040 initiative in both Cuatro Cinegas and Colonia Independencia, Mexico. A total of $770,000 was contributed to support critical programs in healthcare, education, family support, spiritual development, and economic empowerment for…

$770Kprogram expense

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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 · FY2025
Total grants receivedfrom 1 funder$25K
Grants paid · 2 grants · $90K · 2020–2021
Unitemized GrantFY2021$36,743
Unitemized GrantFY2020$52,830

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$845K
Ln 12
Gifts and grantsLn 1h$845K
Investment incomeLn 3$1
Money outPt IX
$809K
Ln 25
Programscol B$770K
Managementcol C$30K
Fundraisingcol D$8K
Owns and owesPt X
$55K
net assets · Ln 32
Cash and savingsLn 1–2$50K
Total assetsLn 16$57K
LiabilitiesLn 26$2K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$845K
Investment incomeLn 3$1
Gains on assetsLn 7$0
Total revenueLn 12$845K
Assets in detailPt X, end of year
CashLn 1$28K
SavingsLn 2$22K
Cash and savings togetherLn 1–2$50K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$628
Other assetsLn 15$0
Total assetsLn 16$57K
LiabilitiesLn 26$2K
Net assetsLn 32$55K
OperationsPt I, VI
EmployeesI 50
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$18K$50K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$943$628
Total assetsLn 16$19K$57K
LiabilitiesLn 26$0$2K
Net assetsLn 32$19K$55K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$770K$770K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$15K$7K$8K
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$4K$4K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$6K$6K
Other fees for servicesLn 11g$800$800
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$315$315
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$2K$2K
All other expensesLn 24e$0
Total functional expensesLn 25$809K$770K$30K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $845K$809K$36K$55K 990 PDF
FY2023 $87K$86K$835$19K 990 PDF
FY2022 $277K$319K−$42K$18K 990 PDF
FY2021 $127K$269K−$142K$60K 990 PDF
FY2020 $498K$337K$161K$203K 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 (4 parts)
Part VIII · Statement of revenue $844,589 across 8 lines filed
VIII-1f All other contributions, gifts and grants$844,588
VIII-1h Total contributions, gifts and grants$844,588
VIII-3 Investment incomeRelated to mission $1$1
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1$844,589
Part IX · Statement of functional expenses $808,600 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipientsPrograms $770,379$770,379
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesManagement $7,000 · Fundraising $8,000$15,000
IX-11b Legal feesManagement $9,640$9,640
IX-11c Accounting feesManagement $4,093$4,093
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $6,075$6,075
IX-11g Other fees for servicesManagement $800$800
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $315$315
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Management $2,298$2,298
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $770,379 · Management $30,221 · Fundraising $8,000$808,600
Part X · Balance sheet $56,754 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $5,446$28,021
X-2 Savings and temporary cash investmentsStart of year $12,426$21,926
X-3 Pledges and grants receivable$6,179
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $943$628
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $18,815$56,754
X-17 Accounts payable and accrued expenses$1,950
X-26 Total liabilitiesStart of year $0$1,950
X-27 Net assets without donor restrictionsStart of year $13,815$44,183
X-28 Net assets with donor restrictionsStart of year $5,000$10,621
X-32 Total net assets or fund balancesStart of year $18,815$54,804
X-33 Total liabilities and net assetsStart of year $18,815$56,754
Part XI · Reconciliation of net assets $54,804 net assets at year end
XI-1 Total revenue$844,589
XI-2 Total expenses$808,600
XI-3 Revenue less expenses$35,989
XI-4 Net assets at start of year$18,815
XI-10 Net assets at end of year$54,804

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

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