Overview
What is Generations Inc?
Generations Inc, located in Roswell, New Mexico, is a nonprofit organization that serves as an early education center, catering to over 200 children and their families in Chaves County. Their primary mission is to educate and care for children ranging from six weeks old to eight years. The center, known as Generations of Learning Center, employs a team of 29 individuals, dedicated to nurturing and fostering the growth of young learners.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars
Generations Inc has received a "Needs Improvement" rating from Charity Navigator, with an overall score of 70%. While the organization demonstrates a strong commitment to program expenses, allocating 87.54% of its resources to its mission, there are significant concerns in areas related to accountability and transparency. The organization has a majority of independent board members and a good liabilities to assets ratio, indicating some financial stability.
However, the nonprofit lacks several critical policies and documentation, including a whistleblower policy and a document retention policy, which are vital for good governance. Additionally, the financial statements are not provided, impacting the organization's score in this area significantly. The absence of a posted tax form on the nonprofit's website further detracts from its transparency efforts.
While Generations Inc shows promise in its program expenditures and independent governance, the highlighted limitations suggest that potential donors may want to consider these factors before contributing. Improving transparency and accountability practices could enhance their overall rating and public trust.
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:
Executive Compensation: $58,603
Professional Fundraising Fees: $0
Other Salaries and Wages: $426,024
For more financial information, click here
What is the mission statement of Generations Inc?
Generations Inc is dedicated to fulfilling the educational and care needs of children ranging from six weeks old to eight years. Their mission is centered around providing a nurturing environment where young learners can grow and develop. The organization, Generations of Learning, serves more than 200 children and families in its year-round early education center.
Who is the CEO of Generations Inc?
Jeri Key is the V-Pres/Treasurer of Generations Inc.
What is the revenue of Generations Inc?
Generations Inc's revenue in 2022 was $854,284.
Who are the executives of Generations Inc and what are their salaries?
The average compensation at Generations Inc during 2022 was $16,711. There are 29 employees at Generations Inc.
Here are 6 key members and their salaries:
- Compensation: $58,603
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
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 prominent early education center, is committed to nurturing and educating children between the ages of six weeks and eight years old. The organization's mission is to provide a conducive environment that fosters learning and growth for these young individuals. By serving over 200 children and families, Generations Inc strives to make a significant impact on the lives of these young learners, preparing them for their future endeavors. Through its year-round operations, the center ensures that every child in its care receives the necessary support and education they require to thrive.
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Impact
July, 2024
Generations Inc's impact is significant in providing early education and care for children aged six weeks through eight years old in Roswell, NM. With a year-round early education center serving over 200 children and families, Generations Inc plays a vital role in supporting the educational and developmental needs of the community. Through its dedicated mission to educate and care for young children, Generations Inc contributes to building a strong foundation for the future generation and fostering a nurturing environment for learning and growth.
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: $148
- Program Service Revenue: $723,869
- Gross Receipts: $854,284
Assets and Liabilities:
- Total Assets: $470,250
- Total Liabilities: $238,529
- Net Assets: $231,721
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$57,910
CYFD
Revenue
$665,959
Organization Details
Founding Year
2003
Phone
(575) 622-2242Principal Officer
Jeri Key
Main Address
2601 W BERRENDO RD, ROSWELL, NM, 88201
NTEE Category
Code: B21 - Education
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