Overview
What is Gen-One Inc?
Gen-One Inc, located at 3800 Shamrock Drive, Charlotte, North Carolina 28215, is a nonprofit organization with a mission to support talented, first-generation students from underserved communities. Their primary activity encompasses scholarship development and college access programming, aiming to help these students seamlessly transition into and complete their higher education journey. With a team of three dedicated individuals, Gen-One Inc provides essential resources to guide these students through their academic journey, ensuring they overcome the unique challenges faced by first-generation learners.
Official website here: www.genoneclt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Gen-One Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance. The charity's score indicates its strong commitment to transparency and responsible financial management, showcasing a reliable and effective nonprofit organization. The overall score is derived entirely from a single beacon score, which emphasizes its solid performance in the Accountability & Finance category.
One of the strengths of Gen-One Inc is its governance structure, which features a fully independent board, scoring 8 out of 8 points in that category. The organization also has an impressive financial audit, with perfect scores in several key areas, including material diversion of assets, financial statements, and the management of its liabilities. With a program expense ratio of 78.93%, the charity demonstrates its dedication to utilizing funds primarily for its mission-related programs.
However, it is worth noting that while the organization has comprehensive policies in place for conflict of interest and document retention, it lacks a whistleblower policy, which may be a limitation in terms of governance. Despite this, the overall financial health and operational transparency of Gen-One Inc suggest it is a trustworthy organization for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Gen-One Inc legitimate?
Gen-One Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gen-One 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: $60,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $90,380
For more financial information, click here
Official website here: www.genoneclt.org
What is the mission statement of Gen-One Inc?
Gen-One Inc's mission is centered around supporting first-generation students from underserved communities. They aim to assist these talented individuals in overcoming the challenges associated with navigating the college journey, from admission to graduation. Through their Scholar Development and College Access Programming, Gen-One Inc strives to empower these students, providing them with the tools and resources necessary to succeed in higher education. Their mission is not just about college attendance, but also ensuring that these students successfully complete their college education.
Official website here: www.genoneclt.org
Who is the CEO of Gen-One Inc?
Ian Joyce is the Executive Dir. of Gen-One Inc.
Official website here: www.genoneclt.org
What is the revenue of Gen-One Inc?
Gen-One Inc's revenue in 2022 was $560,557.
Official website here: www.genoneclt.org
Who are the executives of Gen-One Inc and what are their salaries?
The average compensation at Gen-One Inc during 2022 was $50,377. There are 3 employees and 42 volunteers at Gen-One Inc.
Here are 12 key members and their salaries:
- Compensation: $60,000
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- Other: $750
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Official website here: www.genoneclt.org
Where can I find the form 990 for Gen-One Inc?
Gen-One Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.genoneclt.org
Learn more at the official website: www.genoneclt.org
Mission Statement of Gen-One Inc
Gen-One Inc, as a nonprofit organization, is committed to partnering with gifted first-generation students hailing from underprivileged communities. Their mission is to guide these students effectively, enabling them to overcome the challenges associated with transitioning into and completing their college education. By providing comprehensive scholarship development and college access programs, Gen-One Inc plays a vital role in empowering these students to navigate their academic journey with confidence and success.
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Impact
July, 2024
Gen-One Inc's impact can be seen in the transformation of talented, first-generation students from underserved communities who are successfully navigating their way to and through college. Through its Scholar Development and College Access Programming, Gen-One is empowering young individuals to achieve their academic aspirations and unlock their full potential. This organization's work is helping to bridge the gap in educational opportunities and improve the prospects of youth in the community.
This information is meant to be a general summary of Gen-One 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: $35
- Gross Receipts: $560,557
Assets and Liabilities:
- Total Assets: $760,990
- Total Liabilities: $20,003
- Net Assets: $740,987
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Organization Details
Founding Year
2018
Phone
(413) 537-0492Principal Officer
Ian Joyce
Main Address
3800 Shamrock Drive, Charlotte, NC, 28215
Website
www.genoneclt.orgNTEE Category
Code: O50 - Youth development
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