Overview
What is Generation Hope?
Generation Hope is a nonprofit organization that supports motivated teen parents and their children in Washington D.C., Maryland, and Virginia. Their primary mission is to provide these families with the necessary mentors, emotional support, and financial resources to thrive in higher education and kindergarten, aiming to tackle poverty through a two-generation solution. During the 2020/2021 academic year, they enrolled and funded new scholars, offering mentoring, resources, and training throughout the year. They also conducted workshops and information sessions on college preparedness for pregnant or expecting high school students. Furthermore, Generation Hope organized an 8th successful Hope Conference, featuring panel discussions, workshops, and seminars led by local experts on topics such as self-empowerment, career preparation, and healthy relationships. The organization has a team of 29 dedicated individuals working towards this cause.
Official website here: www.generationhope.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 100%, Four-Star out of Four Star rating.
Generation Hope has achieved an impressive Four-Star rating from Charity Navigator, indicating exceptional performance in accountability and transparency. The charity scored a perfect 100% in all categories, including Impact & Measurement and Culture & Community, reflecting its strong commitment to effective governance and community engagement. The organization boasts 100% independent board members, ensuring unbiased oversight and decision-making.
Financially, Generation Hope demonstrates remarkable efficiency with a program expense ratio of 83.59%, indicating that a significant majority of its funds are dedicated to programs rather than administrative costs. Its fundraising efficiency ratio of $0.04 suggests that the organization is able to raise funds with minimal expense, further contributing to its sustainability and operational effectiveness. The charity also maintains rigorous financial oversight, with no recorded material diversion of assets.
Limitation-wise, no significant concerns were noted in the available data, highlighting Generation Hope's robust systems for collecting and utilizing feedback, as well as their strong equity strategies and policies. Overall, Generation Hope stands out as a highly reliable and impactful nonprofit, making substantial contributions to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Generation Hope legitimate?
Generation Hope is a legitimate nonprofit organization registered as a 501(c)(3) entity. Generation Hope 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: $190,423
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,621,656
For more financial information, click here
Official website here: www.generationhope.org
What is the mission statement of Generation Hope?
Generation Hope's mission is centered around supporting motivated teen parents and their children. The organization aims to provide these families with the necessary mentors, emotional support, and financial resources, enabling them to succeed in college and kindergarten. This two-generation approach aims to tackle poverty at its roots. In practice, Generation Hope offers a scholarship program, providing mentoring, resources, and training to new scholars each academic year. They also conduct workshops and information sessions on college preparedness for pregnant or expecting high school students. Moreover, they organize an annual Hope Conference, offering a full day of panel discussions, workshops, and seminars by local experts in various areas, including self-empowerment, career preparation, goal setting, healthy relationships, college life, and more.
Official website here: www.generationhope.org
Who is the CEO of Generation Hope?
Nicole Lynn Lewis is the Founder & Ceo of Generation Hope. The CEO's salary of Generation Hope is $168,585 and their total compensation is $173,770.
Official website here: www.generationhope.org
What is the revenue of Generation Hope?
Generation Hope's revenue in 2022 was $6,605,828.
Official website here: www.generationhope.org
Who are the executives of Generation Hope and what are their salaries?
The average compensation at Generation Hope during 2022 was $62,485. There are 29 employees and 209 volunteers at Generation Hope.
Here are 27 key members and their salaries (Generation Hope's CEO's salary is $168,585 and their total compensation is $173,770):
- Compensation: $168,585
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Official website here: www.generationhope.org
Where can I find the form 990 for Generation Hope?
Generation Hope's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.generationhope.org
Learn more at the official website: www.generationhope.org
Mission Statement of Generation Hope
Generation Hope is an organization dedicated to assisting motivated teen parents and their children in overcoming poverty through higher education. By providing these families with mentors, emotional support, and financial resources, Generation Hope aims to facilitate their success in college and kindergarten, thereby implementing a two-generation solution to poverty.
The core activity of Generation Hope involves recruiting and funding new scholars for the academic year, offering them mentoring, resources, and training throughout the period. In addition, the organization conducts workshops and information sessions on college preparedness for pregnant or expecting high school students. To further support its scholars, Generation Hope organizes events such as the Hope Conference, which includes a full-day conference with panel discussions, workshops, and seminars conducted by local experts in various fields, such as self-empowerment, career preparation, and healthy relationships. These initiatives serve to equip the teen parents with the necessary tools and resources to thrive in their academic and personal lives.
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Impact
October, 2024
Generation Hope significantly impacts the lives of motivated teen parents and their children in Washington, D.C., Maryland, and Virginia by providing essential support systems that foster educational and personal growth. The organization has successfully recruited and funded new scholars for the 2020/2021 academic year, increasing the number of participants who benefit from comprehensive mentoring, resources, and training.
Through its Scholar Program, Generation Hope offers workshops and information sessions focused on college preparedness for pregnant and expecting high school students, ensuring they have the tools and knowledge necessary to succeed academically. This initiative not only enhances their educational outcomes but also empowers them to navigate the complexities of being students and parents simultaneously.
Additionally, the organization hosts the HOPE Conference, which has become a cornerstone event, featuring a full-day experience for scholars. The conference includes panel discussions and workshops led by local experts, covering critical topics such as self-empowerment, career preparation, goal setting, healthy relationships, and college life. This holistic approach equips young parents with the skills and confidence needed to thrive in both their personal and academic lives.
Generation Hope's mission centers on creating a two-generation solution to poverty, helping not only the teen parents to advance their education but also ensuring that their children receive the foundational support necessary for success in kindergarten and beyond. Through emotional support, mentorship, and financial resources, Generation Hope plays a pivotal role in driving positive change and breaking the cycle of poverty for future generations.
This information is meant to be a general summary of Generation Hope. 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: $38
- Program Service Revenue: $71,028
- Gross Receipts: $6,613,785
Assets and Liabilities:
- Total Assets: $5,976,637
- Total Liabilities: $803,876
- Net Assets: $5,172,761
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$71,028
Organization Details
Founding Year
2010
Phone
(202) 734-5838Principal Officer
Nicole Lynn Lewis
Main Address
1401 OKIE STREET NE 300, WASHINGTON, DC, 20003
Website
www.generationhope.orgNTEE Category
Code: B21 - Education
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