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Generation Now

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 364739908 ✦ San luis obispo, CA ✦ Designated as a 501(c)(3)

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Overview

What is Generation Now?

Generation Now is a nonprofit organization located at 1728 BROAD ST, SAN LUIS OBISPO, CA 93401. Established in 2022, it has attracted over 2,000 members who gain access to a library of resources. The organization has formed partnerships with various churches and organizations to promote cultural transformation. In an effort to support children and youth, Generation Now has produced new biblical lessons for elementary students and a family devotional for Christmas, which were distributed to over 800 families and groups. The mission of Generation Now is to reach, rescue, root, release, and resource the emerging generation of children and youth trapped in cycles of poverty, violence, abuse, and hopelessness, preventing them from entering a cycle of failure.

Is Generation Now legitimate?

Generation Now is a legitimate nonprofit organization registered as a 501(c)(3) entity. Generation Now 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: $142,594
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Generation Now?

Generation Now's mission is centered around assisting the emerging generation of children and youth who are trapped in cycles of poverty, violence, abuse, and hopelessness. The organization aims to reach out to these individuals, rescue them from their current circumstances, provide them with the necessary resources, and help them break free from the cycle of failure. In 2022, over 2,000 members signed up to access their resources, and they formed collaborative partnerships with various churches and organizations to promote cultural transformation. They also produced new biblical lessons for elementary children and a family devotional for Christmas, distributing these materials to over 800 families and groups.

Who is the CEO of Generation Now?

Rick Olmstead is the President of Generation Now.

What is the revenue of Generation Now?

Generation Now's revenue in 2022 was $159,109.

Who are the executives of Generation Now and what are their salaries?

The average compensation at Generation Now during 2022 was $142,594. There is 1 employee at Generation Now.


Here are 5 key members and their salaries:


Rick Olmstead (President)
  • Compensation: $72,750
  • Related: $0
  • Other: $69,844
Todd Bielman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rebecca Olmstead (Sec/Treas)
  • Compensation: $0
  • Related: $0
  • Other: $0
Liz Pike (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Reardon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Generation Now?

Generation Now's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Generation Now

Generation Now, a nonprofit organization, is dedicated to reaching, rescuing, rooting, releasing, and resourceing the emerging generation of children and youth who are trapped in cycles of poverty, violence, abuse, and hopelessness. The mission of Generation Now is to help these individuals break free from these harmful patterns and avoid falling into the failure cycle.

The organization strives to achieve its mission by providing resources and support to these vulnerable children and youth. In 2022, Generation Now saw over 2,000 members sign up to access its library of materials. The nonprofit also formed collaborative partnerships with churches and other organizations that share its vision of promoting a pathway for cultural transformation. To further its efforts, Generation Now produced three new series of biblical lessons for elementary children and a family devotional for Christmas. These resources were distributed to over 800 families and groups, allowing Generation Now to reach and impact even more individuals.

In summary, Generation Now is a nonprofit organization committed to helping children and youth break free from cycles of poverty, violence, abuse, and hopelessness. Through its mission, the organization provides resources and support to help these individuals overcome their challenges and avoid falling into the failure cycle. In 2022, Generation Now saw significant growth and impact, with over 2,000 members signing up and collaborating with other organizations to promote cultural transformation.

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Impact




October, 2024

Generation Now significantly impacts children and youth trapped in cycles of poverty, violence, abuse, and hopelessness. By providing essential resources, the initiative reaches out to those in need, working to rescue them from detrimental circumstances and guiding them toward a more promising future.

In 2022, the program saw over 2,000 members accessing a comprehensive library of materials focused on empowerment and transformation. Through collaborative partnerships with local churches and organizations, it fosters community involvement and collective action aimed at promoting pathways for cultural change.

The creation and distribution of three new series of biblical lessons for elementary children, along with a family devotional, reached over 800 families and groups. This educational content not only enriches the understanding of youth but also strengthens family bonds during crucial times, like Christmas.

Overall, Generation Now plays a vital role in redirecting lives, instilling hope, and providing tools for long-term success within the San Luis Obispo community and beyond.




This information is meant to be a general summary of Generation Now. 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.

Revenue
$159,109 (2022)
Expenses
$196,488 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $159,109

Assets and Liabilities:

  • Total Assets: $89,796
  • Total Liabilities: $12,212
  • Net Assets: $77,584

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Organization Details

Founding Year

2013

Principal Officer

Rick Olmstead

Main Address

1728 BROAD ST, SAN LUIS OBISPO, CA, 93401

NTEE Category

Code: P30 - Human services

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