Overview
What is Generosity New York Inc?
Generosity New York Inc, also known as Generouslife, is a nonprofit organization based in Franklin, Tennessee. Their primary focus is to create engaging and educational experiences around charitable giving. They achieve this through three methods: curated events, unique content, and philanthropic counsel. Their events provide a space for learning and development, while their content offers relevant and entertaining information on giving. Their philanthropic counsel is sophisticated and tailored to each family, helping them maximize their impact and legacy. Generosity New York aims to inspire radical generosity in global markets, starting with New York City, and to teach future generations to give with purpose. They have a small team of four dedicated individuals.
Official website here: www.generosityny.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Stars)
Generosity New York Inc, operating as Generouslife, has received a One-Star rating from Charity Navigator, reflecting significant concerns in their accountability and financial practices. The charity's overall score is solely derived from their Accountability & Finance metrics, which are notably low. While they have a majority of independent board members and demonstrate strong program expense allocation, many key financial documents are missing from public view, which substantially impacts their rating.
The charity scores well in areas such as independent board size and program expense ratio, indicating some strengths in governance and operational efficiency. However, the absence of critical financial statements and policies, such as a whistleblower policy, raises concerns about transparency and accountability. The liabilities to assets ratio is alarmingly high at 276.06%, suggesting potential financial instability.
In summary, while Generosity New York Inc displays positive attributes in governance, the significant gaps in financial documentation and policies point to areas needing urgent improvement. Stakeholders and potential donors may want to exercise caution and seek further clarification regarding the charity's financial health and operational practices before making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Generosity New York Inc legitimate?
Generosity New York Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Generosity New York 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: $378,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,668
For more financial information, click here
Official website here: www.generosityny.com
What is the mission statement of Generosity New York Inc?
Generosity New York Inc, operating under the name Generouslife, strives to instill a culture of generous giving in global markets, beginning with New York City. Their mission is to inspire individuals with capacity to donate, while also educating the next generation on the importance of charitable giving with purpose. They achieve this through various means, such as organizing engaging events, providing informative content, and offering personalized philanthropic counsel to families, aiming to maximize their impact and legacy.
Official website here: www.generosityny.com
Who is the CEO of Generosity New York Inc?
Jeffrey Smith is the Managing Dir of Generosity New York Inc.
Official website here: www.generosityny.com
What is the revenue of Generosity New York Inc?
Generosity New York Inc's revenue in 2021 was $820,466.
Official website here: www.generosityny.com
Who are the executives of Generosity New York Inc and what are their salaries?
The average compensation at Generosity New York Inc during 2021 was $98,667. There are 4 employees at Generosity New York Inc.
Here are 17 key members and their salaries:
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Official website here: www.generosityny.com
Where can I find the form 990 for Generosity New York Inc?
Generosity New York Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.generosityny.com
Learn more at the official website: www.generosityny.com
Mission Statement of Generosity New York Inc
Generosity New York Inc, also known as Generouslife, is dedicated to fostering a culture of generosity on a global scale, beginning in New York City. Their mission is twofold: first, they aim to stir the hearts of individuals with ample resources, encouraging them to embrace generosity with conviction. Second, they strive to instill the values of giving with purpose in the next generation. Through experiential learning, relevant content, and personalized philanthropic counsel, Generosity New York Inc seeks to unlock the joy of giving for today's benefactors. They deliver these offerings in three distinct ways: by organizing curated events that offer a safe, intellectual, exclusive, and engaging environment for learning and development; by sharing informative and entertaining content that equips families with reasons to give, effective giving strategies, and suggestions for maximizing impact; and by providing sophisticated and customized philanthropic guidance to help families optimize their legacy and impact.
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Impact
July, 2024
Generosity New York Inc Dba Generouslife's impact lies in its mission to inspire a culture of radical generosity, starting in global markets with a focus on New York City. By creating experiential events, providing relevant and cutting-edge content, and offering personalized philanthropic counsel, Generouslife aims to unlock the joy of giving for today's donors. Through these efforts, the organization seeks to awaken the hearts of those with the capacity to give and educate the next generation to give with purpose.
This information is meant to be a general summary of Generosity New York 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 2021.
- Gross Receipts: $820,466
Assets and Liabilities:
- Total Assets: $51,031
- Total Liabilities: $140,878
- Net Assets: -$89,847
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Organization Details
Founding Year
2018
Phone
(201) 378-8468Principal Officer
Jeffrey Smith
Main Address
231 PUBLIC SQUARE 300, FRANKLIN, TN, 37064
Website
www.generosityny.comNTEE Category
Code: T50 - Philanthropy
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