Generations Academy Corp

Chippewa Falls, WIUnknown exempt organization EIN 86-3299903Revenue $665K in FY2024

On file with the IRSgenerationsacademy.net1446 116th St · Chippewa Falls, WI

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Generations Academy is a K12 Independent School where learners will develop their passions through innovative and lifelong learning

84¢ of each $1 spent went to programs.
Run by 66 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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
1 of 3
filings with a surplus
Average surplus $80K a year · 17% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $14K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$665K
+191% vs prior year
Spent
$694K
To programs
84%
Net assets
$0
By yearFY2021–FY2024
Revenue
$665K
FY2024▲ +191%
Tap a bar for its year
Revenue by fiscal year
FY2021$528K
FY2022$228K
FY2024$665K
Expenses
$694K
FY2024▲ +203%
Tap a bar for its year
Expenses by fiscal year
FY2021$259K
FY2022$230K
FY2024$694K
Net assets
$0
FY2024▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2021$312K
FY2022$311K
FY2024$0

From the FY2024 Form 990 (year ending June 2024) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $587K Management & general 16% · $108K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Generations Academy Corp 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

Nurtures young learners' passions through innovative, lifelong K12 education.

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Provided by the organization

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1 program · $695K · in their own filed words · FY2023
01

Non-denominational christian K-12 school teaching quality education and life skills.

$695Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$14K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$665K
Ln 12
Fees for servicesLn 2g$395K
Gifts and grantsLn 1h$247K
Other incomeLn 4–11$23K
Money outPt IX
$694K
Ln 25
Programscol B$587K
Managementcol C$108K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$247K
Fees for servicesLn 2g$395K
Investment incomeLn 3$7
Other incomeLn 4–11$23K
Total revenueLn 12$665K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 666
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Total assetsLn 16$307K$0
LiabilitiesLn 26$39K$0
Net assetsLn 32$268K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$478K$478K
Payroll taxesLn 10$44K$44K
Legal feesLn 11b$4K$4K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$56K$56K
Information technologyLn 14$4K$4K
OccupancyLn 16$64K$64K
TravelLn 17$1K$1K
Depreciation, depletion and amortizationLn 22$26K$26K
InsuranceLn 23$9K$4K$5K
Other expenses (24a–d)Ln 24$2K$1K$1K
Total functional expensesLn 25$694K$587K$108K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $665K$694K−$29K$0 990 PDF
FY2023 Not on file
FY2022 $228K$230K−$1K$311K 990 PDF
FY2021 $528K$259K$269K$312K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $665,494 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $168,541$247,157
I-9 Program service revenuePrior year $369,574$395,265
I-10 Investment incomePrior year $10$7
I-11 Other revenuePrior year $6,027$23,065
I-12 Total revenuePrior year $544,152$665,494
I-13 Grants and similar amounts paidPrior year $57,487$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $330,111$521,634
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $201,837$172,836
I-18 Total expensesPrior year $589,435$694,470
I-19 Revenue less expensesPrior year −$45,283−$28,976
Part VI · Governance 4 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $665,494 across 8 lines filed
Lines not itemized here account for $17,889 of total revenue; see the IRS return.
VIII-1a Federated campaigns$62,219
VIII-1f All other contributions, gifts and grants$169,686
VIII-1h Total contributions, gifts and grants$247,157
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $395,265$395,265
VIII-3 Investment incomeRelated to mission $7$7
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,176$5,176
VIII-12 Total revenueRelated to mission $412,737$665,494
Part IX · Statement of functional expenses $694,470 across 11 lines filed
IX-7 Other salaries and wagesPrograms $477,509$477,509
IX-10 Payroll taxesPrograms $44,125$44,125
IX-11b Legal feesManagement $3,913$3,913
IX-12 Advertising and promotionManagement $6,256$6,256
IX-13 Office expensesPrograms $56,392$56,392
IX-14 Information technologyPrograms $3,512$3,512
IX-16 OccupancyManagement $64,263$64,263
IX-17 TravelManagement $1,048$1,048
IX-22 Depreciation, depletion and amortizationManagement $26,030$26,030
IX-23 InsurancePrograms $4,221 · Management $4,809$9,030
IX-24 Other expenses (24a–d)Programs $1,027 · Management $1,365$2,392
IX-25 Total functional expensesPrograms $586,786 · Management $107,684 · Fundraising $0$694,470
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $307,122$0
X-26 Total liabilitiesStart of year $39,361$0
X-32 Total net assets or fund balancesStart of year $267,761$0
X-33 Total liabilities and net assetsStart of year $307,122$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$665,494
XI-2 Total expenses$694,470
XI-3 Revenue less expenses−$28,976
XI-4 Net assets at start of year$267,761
XI-9 Other changes in net assets−$238,785
XI-10 Net assets at end of year$0

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

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