Overview
What is Generations Inc?
Generations Inc is a nonprofit organization located in Luverne, Minnesota. Their primary mission is to create opportunities for intergenerational connections by providing facilities and resources for social gatherings for senior citizens. This includes offering assistance, entertainment, and companionship, ultimately fostering friendships across various age groups. The organization's purpose is to enrich the lives of senior citizens by encouraging social interaction and fostering connections with younger generations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. Generations Inc demonstrates strong accountability and finance practices, scoring particularly well in areas such as board independence and program expense ratio. The organization has a fully independent board and a commendable liability to assets ratio, indicating sound financial management.
However, the overall rating is impacted by significant gaps in transparency and policy documentation. Key documents such as the tax form and conflict of interest policy are missing, which detracts from the organization’s accountability score. Additionally, the absence of policies for whistleblowing and document retention raises concerns about governance practices.
While Generations Inc showcases commendable financial strength, the lack of essential policies and documentation could hinder trust and accountability. Addressing these shortcomings would be crucial for improving its overall rating and fostering greater public confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Generations Inc legitimate?
Generations Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Generations 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:
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What is the mission statement of Generations Inc?
Generations Inc is committed to providing facilities and resources that encourage social gatherings among senior citizens. This initiative aims to foster meeting opportunities, offer assistance, provide entertainment, and promote companionship. The organization strives to develop friendships across various age groups, thereby promoting intergenerational relationships. In essence, Generations Inc serves as a platform that brings seniors together, fostering a sense of community and camaraderie.
Who is the CEO of Generations Inc?
George A Bonnema is the Individual T of Generations Inc.
What is the revenue of Generations Inc?
Generations Inc's revenue in 2022 was $471,412.
Who are the executives of Generations Inc and what are their salaries?
There 25 volunteers at Generations Inc.
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Where can I find the form 990 for Generations Inc?
Generations Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Generations Inc
Generations Inc, a nonprofit organization, is dedicated to providing facilities and resources that facilitate social gatherings for senior citizens. The primary objective of Generations Inc is to encourage interaction, offer assistance, provide entertainment, and foster friendships among individuals of various generations. By offering these resources, Generations Inc aims to create an environment that allows senior citizens to build relationships beyond their own age group.
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Impact
July, 2024
Generations Inc's impact lies in fostering intergenerational connections and social interactions among senior citizens. By providing facilities and resources for social gatherings, the organization encourages meetings, offers assistance, entertainment, and companionship, and facilitates the development of friendships across various age groups. Through these initiatives, Generations Inc plays a vital role in nurturing relationships and combating social isolation among seniors in the community.
This information is meant to be a general summary of Generations 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: $24,776
- Program Service Revenue: $27,068
- Gross Receipts: $471,412
Assets and Liabilities:
- Total Assets: $1,449,355
- Total Liabilities: $201,499
- Net Assets: $1,247,856
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT CENTER
Revenue
$16,868
HOUSE
Revenue
$10,200
Organization Details
Founding Year
2020
Phone
(507) 227-0682Principal Officer
George A Bonnema
Main Address
105 S ESTEY, LUVERNE, MN, 561561839
NTEE Category
Code: P81 - Human services
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