Overview
What is Our Generation Speaks Inc?
Our Generation Speaks Inc, based in Waltham, Massachusetts, is a nonprofit organization dedicated to fostering an entrepreneurial community of leaders. Their mission aims to construct a more peaceful future for Israelis and Palestinians, built on trust. They achieve this by providing funding in the form of grants and loans to early-stage startups initiated and operated by their fellows. During the year ending December 31, 2021, they supported Massachusetts Institute of Technology with a sum of $35,000 to help cover its operational costs and co-sponsor ventures launched through the fellowship program. Despite offering loans, there are no repayment expectations as these are considered early-stage startups.
Official website here: www.ogspeaks.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%
Our Generation Speaks Inc has achieved a remarkable Four-Star out of Four Star rating from Charity Navigator, reflecting its strong performance in Accountability and Finance. With a score of 97%, the organization demonstrates a high level of transparency and responsible financial management, which is crucial for donor trust and effective operation.
The organization boasts an exemplary independent board with all 10 members being independent, and it has a robust financial oversight system in place, evidenced by its perfect score in audit and oversight. Additionally, it has no reported material diversions of assets and maintains an efficient fundraising strategy, with a fundraising efficiency ratio of $0.04, indicating that only a small percentage of funds raised goes towards fundraising expenses.
One notable strength is its financial health, indicated by a substantial program expense ratio of 85.31%, meaning a significant portion of its budget is directed towards its programs rather than administrative costs. The organization also has a healthy liabilities to assets ratio of 28.02%, showcasing its financial stability. The salary of key personnel, including the Executive Director, appears reasonable relative to the organization’s budget and operations, reinforcing the nonprofit's commitment to effective resource management.
This AI summary has been generated from information found on Charity Navigator.
Is Our Generation Speaks Inc legitimate?
Our Generation Speaks Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Our Generation Speaks 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ogspeaks.com
What is the mission statement of Our Generation Speaks Inc?
Our Generation Speaks Inc's mission is centered around fostering an entrepreneurial community of leaders, aiming to shape a more peaceful future between Israelis and Palestinians. This is built on the foundation of trust. The organization achieves this by providing funding to early-stage startups initiated and operated by its fellows, in the form of grants and loans, with no expectation of loan repayment. In the year 2021, they also offered support of $35,000 to the Massachusetts Institute of Technology, a key partner, to help cover operating costs and co-sponsor ventures launched during the fellowship program.
Official website here: www.ogspeaks.com
Who is the CEO of Our Generation Speaks Inc?
Perry Solomon is the President of Our Generation Speaks Inc.
Official website here: www.ogspeaks.com
What is the revenue of Our Generation Speaks Inc?
Our Generation Speaks Inc's revenue in 2021 was $520,161.
Official website here: www.ogspeaks.com
Who are the executives of Our Generation Speaks Inc and what are their salaries?
There 9 volunteers at Our Generation Speaks Inc.
Here are 8 key members and their salaries:
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Official website here: www.ogspeaks.com
Where can I find the form 990 for Our Generation Speaks Inc?
Our Generation Speaks Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.ogspeaks.com
Learn more at the official website: www.ogspeaks.com
Mission Statement of Our Generation Speaks Inc
Our Generation Speaks Inc, as per its mission statement, seeks to establish an entrepreneurial community of leaders aimed at fostering a more peaceful future between Israelis and Palestinians. This is achieved by building a foundation of trust. The organization's primary objective is to shape this future by nurturing a community of leaders who can drive change and promote understanding between the two communities.
To realize this mission, Our Generation Speaks Inc provides funding to ventures initiated and operated by its fellows in the form of grants and loans. These early-stage startups do not have the expectation of loan repayment, as they are considered non-collectible when deemed so. Furthermore, the organization supports key partners, such as the Massachusetts Institute of Technology, with operational costs and co-sponsoring ventures launched during the fellowship program. This collaborative approach enables Our Generation Speaks Inc to contribute significantly to the pursuit of a more peaceful Israeli-Palestinian future.
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Impact
July, 2024
Our Generation Speaks Inc's impact lies in creating an entrepreneurial community of leaders dedicated to shaping a more peaceful Israeli-Palestinian future built on trust. Through providing funding to ventures initiated and operated by OGS Fellows, totaling $442,458 in grants and loans, the organization has supported the growth of early-stage startups without expecting repayment. Additionally, OGS has contributed $35,000 to the Massachusetts Institute of Technology to support its operating costs and co-sponsor ventures launched during the fellowship program. This demonstrates their commitment to fostering innovation, collaboration, and peace-building in the region.
This information is meant to be a general summary of Our Generation Speaks 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.
- Investment Income: $29
- Gross Receipts: $520,161
Assets and Liabilities:
- Total Assets: $624,658
- Total Liabilities: $304,258
- Net Assets: $320,400
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Organization Details
Founding Year
2018
Phone
(781) 736-3899Principal Officer
Perry Solomon
Main Address
415 SOUTH STREET MS035, WALTHAM, MA, 02452
Website
www.ogspeaks.comNTEE Category
Code: A23 - Arts
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