Overview
What is Resource Generation Inc?
Resource Generation Inc, based in New York City, is a nonprofit organization that empowers young individuals with wealth and privilege in the United States to become transformative leaders advocating for an equitable distribution of wealth, land, and power. With a strong community of supporters, including those from various age groups and backgrounds, Resource Generation Inc operates 17 chapters across the nation. Their approach to social change involves storytelling, peer-led learning, and action, guiding members to engage in collective efforts through local chapters, national campaigns, innovative funding models, and family philanthropy. The organization's workforce consists of 26 dedicated individuals, contributing to their mission of fostering change and promoting social justice.
Official website here: www.resourcegeneration.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% - Four-Star out of Four Stars
Resource Generation Inc has achieved a Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The overall score is driven solely by their high accountability and finance score, which demonstrates their commitment to transparency and prudent financial management. They have a 90% independent board and a well-established audit and oversight committee, contributing to their robust governance practices.
The organization shows a solid program expense ratio of 64.70%, indicating a significant portion of their expenses goes directly to programs. Their fundraising efficiency is also impressive, with only $0.04 spent to raise each dollar. This efficiency, combined with a low liabilities to assets ratio of 4.69%, suggests a stable financial position and effective use of resources.
While the organization excels in several areas, it's worth noting that the program expense ratio, while positive, could be improved to further enhance direct impact on their core mission. Overall, Resource Generation Inc stands out for its accountability and financial health, making it a trustworthy choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Resource Generation Inc?
92% of the 11 reviewers on Facebook recommend Resource Generation Inc. Here is a summary of their reviews: The organization is highly praised for its valuable resources and educational opportunities aimed at helping individuals navigate the complexities of managing their resources effectively.
Contributors appreciate the compelling guidance provided, particularly in distinguishing best practices from less effective strategies. This emphasis on education is seen as a significant asset, with many reviewers noting that the organization truly equips people to make informed decisions.
Overall, it is clear that Resource Generation Inc. is fulfilling its mission and making a positive impact in the community by empowering individuals with the knowledge they need.
This AI summary has been generated from reviews found on Facebook.
Is Resource Generation Inc legitimate?
Resource Generation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Resource Generation 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: $129,270
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,638,161
For more financial information, click here
Official website here: www.resourcegeneration.org
What is the mission statement of Resource Generation Inc?
Resource Generation Inc organizes young individuals with wealth and class privilege in the U.S. to become transformative leaders advocating for the equitable distribution of wealth, land, and power. Their mission is to empower these young leaders to bring about lasting structural change in partnership with communities disproportionately affected by income inequality and class oppression. The broader Resource Generation community includes individuals of all ages and backgrounds who support the role of young people with wealth in social change. The organization operates across 17 chapters in the U.S., focusing on developing leaders through storytelling, peer-led learning, and action. Resource Generation encourages its members to engage in collective action through local chapters, national campaigns, innovative funding models, and within their family's philanthropy.
Official website here: www.resourcegeneration.org
Who is the CEO of Resource Generation Inc?
Yahya Alazrak is the Co-Chair (As Of 8/2022) of Resource Generation Inc.
Official website here: www.resourcegeneration.org
What is the revenue of Resource Generation Inc?
Resource Generation Inc's revenue in 2022 was $3,432,364.
Official website here: www.resourcegeneration.org
Who are the executives of Resource Generation Inc and what are their salaries?
The average compensation at Resource Generation Inc during 2022 was $67,978. There are 26 employees and 15 volunteers at Resource Generation Inc.
Here are 14 key members and their salaries:
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- Compensation: $100,032
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- Other: $26,734
Official website here: www.resourcegeneration.org
Where can I find the form 990 for Resource Generation Inc?
Resource Generation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.resourcegeneration.org
Learn more at the official website: www.resourcegeneration.org
Mission Statement of Resource Generation Inc
Resource Generation Inc, an organization that focuses on young individuals with wealth and class privilege in the United States, aims to transform these individuals into influential leaders. Their mission is centered around advocating for the equitable distribution of wealth, land, and power. They accomplish this by organizing young individuals, primarily aged 18 to 35, from various parts of the country. These individuals leverage their resources, privileges, and relationships to bring about substantial, long-lasting structural change. This change is in partnership with communities that are most affected by income inequality and class oppression.
The broader Resource Generation community encompasses individuals of all ages and backgrounds who value the role that young people with wealth play in social change. With 17 chapters spread across the United States, Resource Generation concentrates on developing leaders through storytelling, peer-led learning, and action. They encourage their members to engage in collective action through local chapters, national campaigns, innovative funding models, and involvement in their family's philanthropy.
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Impact
October, 2024
Resource Generation Inc mobilizes young people with wealth and class privilege across the U.S. to become transformative leaders, actively contributing to social change aimed at equitable distribution of wealth, land, and power. By organizing 18-35-year-olds, the organization empowers its members to leverage their resources, privilege, and relationships in collaboration with communities most affected by income inequality and class oppression.
Through its 17 chapters, Resource Generation fosters an environment that encourages storytelling, peer-led learning, and collective action. It supports members in engaging in local initiatives, national campaigns, and innovative funding models, allowing them to make meaningful contributions to social justice. This approach not only amplifies the voices of those directly impacted by inequality but also inspires a broader community of diverse individuals to recognize and support the roles that young people with wealth can play in driving systemic change. By focusing on leadership development and community engagement, Resource Generation plays a pivotal role in reshaping the discourse around philanthropy and social responsibility among affluent youth.
This information is meant to be a general summary of Resource Generation 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 2022.
- Investment Income: $1,222
- Program Service Revenue: $65,229
- Gross Receipts: $3,596,950
Assets and Liabilities:
- Total Assets: $3,022,699
- Total Liabilities: $142,052
- Net Assets: $2,880,647
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCE FEES
Revenue
$65,229
Organization Details
Founding Year
2010
Phone
(347) 709-6290Principal Officer
Yahya Alazrak
Main Address
1216 BROADWAY 2ND FLOOR, NEW YORK, NY, 10001
Website
www.resourcegeneration.orgNTEE Category
Code: T99 - Philanthropy
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