Overview
What is Generation Pledge Inc?
Generation Pledge Inc is a charitable organization located in Millburn, New Jersey. Its primary mission is to stimulate and promote charitable giving and activities for causes recognized as qualifying under Section 501(C)(3) of the Internal Revenue Code or corresponding provisions in subsequent federal tax laws. The organization serves as an educational resource, inspiring individuals to make positive decisions and take actions that will improve their lives and contribute to the betterment of the world. By encouraging, promoting, and facilitating charitable giving, Generation Pledge Inc aims to enhance the impact of charitable causes and contribute to global improvement.
Official website here: www.generationpledge.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
Generation Pledge Inc has received a score of 87%, which translates to a Three-Star rating on Charity Navigator, indicating a strong performance in the areas of accountability and finance. This rating is derived entirely from the Accountability & Finance beacon, reflecting the organization's commitment to transparency and responsible management of resources.
The nonprofit excels in several key areas, including having a majority of independent board members (60%) and a comprehensive audit and oversight committee. Furthermore, it has established robust policies regarding conflict of interest, whistleblower protections, and document retention, which all contribute to its high rating. Additionally, the organization maintains a low liabilities-to-assets ratio of 1.69%, showcasing its financial stability.
However, while the program expense ratio is relatively healthy at 63.17%, it received a lower score in this area, indicating potential room for improvement in how funds are allocated to programs versus administrative costs. Overall, Generation Pledge Inc demonstrates strong financial practices, although enhancing its program expense efficiency could further bolster its effectiveness and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Generation Pledge Inc legitimate?
Generation Pledge Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Generation Pledge 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: $278,103
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.generationpledge.org
What is the mission statement of Generation Pledge Inc?
Generation Pledge Inc is a charitable organization with a mission to increase charitable giving and activities. It encourages, promotes, and facilitates donations to qualified charitable causes under Section 501(c)(3) of the Internal Revenue Code. Additionally, Generation Pledge serves as an educational resource, mobilizing individuals to make decisions and take actions that positively impact the world, with the ultimate goal of improving it.
Official website here: www.generationpledge.org
Who is the CEO of Generation Pledge Inc?
Sidney Efromovich is the President of Generation Pledge Inc.
Official website here: www.generationpledge.org
What is the revenue of Generation Pledge Inc?
Generation Pledge Inc's revenue in 2022 was $888,905.
Official website here: www.generationpledge.org
Who are the executives of Generation Pledge Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $105,833
- Related: $0
- Other: $0
- Compensation: $105,833
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $66,436
- Related: $0
- Other: $0
Official website here: www.generationpledge.org
Where can I find the form 990 for Generation Pledge Inc?
Generation Pledge Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.generationpledge.org
Learn more at the official website: www.generationpledge.org
Mission Statement of Generation Pledge Inc
Generation Pledge Inc, a charitable Delaware nonstock corporation, is dedicated to its mission of promoting charitable giving and activities. The organization encourages, promotes, and facilitates donations to causes recognized as qualifying under Section 501(c)(3) of the Internal Revenue Code or any corresponding provisions of subsequent federal tax law. Apart from this, Generation Pledge Inc serves as an educational resource, inspiring individuals to make decisions and take actions that contribute positively to society and strive for improving the world. The goal is to mobilize people in all aspects of their lives, leading to a more benevolent world.
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Impact
July, 2024
Generation Pledge Inc's impact lies in its dedication to increasing charitable giving and activities by encouraging, promoting, and facilitating donations to worthy causes. Additionally, it serves as an educational resource that inspires individuals to make positive decisions and take actions that promote goodness in the world. Through their mission, Generation Pledge Inc is actively working towards improving communities and making a meaningful difference on a global scale.
This information is meant to be a general summary of Generation Pledge 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.
- Gross Receipts: $888,905
Assets and Liabilities:
- Total Assets: $646,169
- Total Liabilities: $6,024
- Net Assets: $640,145
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Organization Details
Founding Year
2019
Phone
(347) 448-1559Principal Officer
Sidney Efromovich
Main Address
PO BOX 891, MILLBURN, NJ, 07041
Website
www.generationpledge.orgNTEE Category
Code: T50 - Philanthropy
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