Overview
What is Generation One Inc?
Generation One Inc, located in Houston, Texas, is a nonprofit organization primarily focused on early childhood development and parental education. Their main goal is to foster community transformation and break the cycle of generational poverty in the Third Ward area. They achieve this by offering private Christian classes for children aged 2 to first grade, providing smaller classroom settings and collaborating with local charter schools for long-term learning opportunities. Generation One Inc also serves meals and snacks daily to the children and offers parenting programs that include training and chances for parents to engage in school activities and contribute to their children's education. The organization employs a team of 21 individuals to carry out its mission.
Official website here: www.generationone.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Star rating)
Generation One Inc has earned an impressive score of 89%, reflecting strong performance in accountability and finance. The organization boasts a high percentage of independent board members and has successfully demonstrated robust governance practices, including the absence of material diversion of assets and well-established policies for conflict of interest and whistleblower protection.
The nonprofit excels in its program expense ratio, allocating nearly 72% of its spending directly to programs. Additionally, its fundraising efficiency is notable, indicating a cost-effective approach to raising funds. The organization also stands out with an excellent culture and community score, showcasing its commitment to collecting and utilizing feedback from stakeholders effectively.
While the overall rating is strong, the areas of leadership and adaptability also score highly, indicating that the organization is well-prepared to respond to changing circumstances and maintain a strategic focus. However, the overall leadership and adaptability could be explored further for continuous improvement, despite their perfect score.
This AI summary has been generated from information found on Charity Navigator.
Is Generation One Inc legitimate?
Generation One Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Generation One Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $105,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,112,237
For more financial information, click here
Official website here: www.generationone.net
What is the mission statement of Generation One Inc?
Generation One Inc exists with the mission to catalyze effective community transformation, aiming to break the cycle of generational poverty. This is accomplished by engaging communities, specifically focusing on early childhood development, parent training, and community involvement. The organization operates in a manner that provides a private Christian school with early childhood development classes for children aged 2 to first grade and parent training programs. These programs offer opportunities for parents to participate in school activities, assist in classrooms, and become more involved in their children's lives. Additionally, the children receive two meals and a snack each day. The parenting programs offer training to parents and help establish a more active role in their children's education, ultimately contributing to their long-term learning and success.
Official website here: www.generationone.net
Who is the CEO of Generation One Inc?
Michael J Malkemes is the CEO of Generation One Inc The CEO's salary of Generation One Inc is $94,884 and their total compensation is $94,884.
Official website here: www.generationone.net
What is the revenue of Generation One Inc?
Generation One Inc's revenue in 2023 was $2,301,686.
Official website here: www.generationone.net
Who are the executives of Generation One Inc and what are their salaries?
The average compensation at Generation One Inc during 2023 was $40,575. There are 30 employees and 400 volunteers at Generation One Inc.
Here are 7 key members and their salaries (Generation One Inc's CEO's salary is $94,884 and their total compensation is $94,884):
- Compensation: $94,884
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.generationone.net
Where can I find the form 990 for Generation One Inc?
Generation One Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.generationone.net
Learn more at the official website: www.generationone.net
Mission Statement of Generation One Inc
Generation One Inc exists with a mission to catalyze effective community transformation, aiming to break the cycle of generational poverty. They strive to engage a specific community, the Third Ward of Houston, Texas, through early childhood development, parent training, and community involvement. The organization's approach includes operating Generation One Academy, a private Christian school focusing on early childhood development and parent training for children aged 2 to first grade. The school offers smaller classrooms, collaborating with local charter schools to provide extended learning opportunities, which are not commonly available in schools within the Third Ward, a high-poverty area. The children at Generation One Academy receive two meals and a snack each day.
In addition to the school, Generation One Inc offers parenting programs, equipping parents with training and opportunities to engage in their children's school activities, assist in classrooms, and become more involved in their child's life. These programs aim to empower and educate parents, fostering a supportive environment that benefits both the children and their families. By combining early childhood development, parent training, and community involvement, Generation One Inc aspires to impact the lives of families in the Third Ward, ultimately working towards the eradication of generational poverty.
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Impact
October, 2024
Generation One Inc significantly impacts the Third Ward of Houston, TX by implementing strategies designed to break the cycle of generational poverty. Their primary focus on early childhood development and parental involvement fosters an environment conducive to learning and growth.
Through Generation One Academy, a private Christian school, children aged two to first grade receive personalized attention in smaller classroom settings. This approach addresses the educational disparities often found in high-poverty areas, and collaborations with local charter schools enhance long-term learning opportunities that might not be available otherwise. Additionally, the provision of two meals and a snack daily ensures that children’s nutritional needs are met, supporting their overall well-being and readiness to learn.
The parenting programs offered by Generation One are pivotal in empowering families. Through training sessions, parents are equipped with skills that enable them to better support their children’s education. Opportunities for parents to engage in school activities not only strengthen family involvement but also build a sense of community, creating a supportive network that extends beyond the classroom.
Overall, Generation One Inc plays a crucial role in transforming the landscape of education and family empowerment in Third Ward, working tirelessly towards a future where opportunities for success are accessible to all, thus fostering lasting change in the community.
This information is meant to be a general summary of Generation One Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3,005
- Gross Receipts: $2,784,144
Assets and Liabilities:
- Total Assets: $2,249,423
- Total Liabilities: $678,500
- Net Assets: $1,570,923
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Organization Details
Founding Year
2007
Principal Officer
Michael J Malkemes
Website
www.generationone.netNTEE Category
Code: P20 - Human services
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