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Generation One Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 208442170 ✦ Houston, TX ✦ Designated as a 501(c)(3)

Overview

What is Generation One Inc?

Generation One Inc, located in Houston, Texas, is a nonprofit organization primarily focused on early childhood development and parental education. Their main goal is to foster community transformation and break the cycle of generational poverty in the Third Ward area. They achieve this by offering private Christian classes for children aged 2 to first grade, providing smaller classroom settings and collaborating with local charter schools for long-term learning opportunities. Generation One Inc also serves meals and snacks daily to the children and offers parenting programs that include training and chances for parents to engage in school activities and contribute to their children's education. The organization employs a team of 21 individuals to carry out its mission.


Official website here: www.generationone.net

Is Generation One Inc legitimate?

Generation One Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Generation 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.

Here are some key statistics you may want to consider:

Executive Compensation: $105,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.generationone.net

What is the mission statement of Generation One Inc?

Generation One Inc exists with the mission to catalyze effective community transformation, aiming to break the cycle of generational poverty. This is accomplished by engaging communities, specifically focusing on early childhood development, parent training, and community involvement. The organization operates in a manner that provides a private Christian school with early childhood development classes for children aged 2 to first grade and parent training programs. These programs offer opportunities for parents to participate in school activities, assist in classrooms, and become more involved in their children's lives. Additionally, the children receive two meals and a snack each day. The parenting programs offer training to parents and help establish a more active role in their children's education, ultimately contributing to their long-term learning and success.


Official website here: www.generationone.net

Who is the CEO of Generation One Inc?

Michael J Malkemes is the Board Member of Generation One Inc. The CEO's salary of Generation One Inc is $96,630 and their total compensation is $96,630.


Official website here: www.generationone.net

What is the revenue of Generation One Inc?

Generation One Inc's revenue in 2022 was $2,131,157.


Official website here: www.generationone.net

Who are the executives of Generation One Inc and what are their salaries?

The average compensation at Generation One Inc during 2022 was $5,000. There are 21 employees and 400 volunteers at Generation One Inc.

Here are 7 key members and their salaries (Generation One Inc's CEO's salary is $96,630 and their total compensation is $96,630):

    Michael J Malkemes (Ceo)
  • Compensation: $96,630
  • Related: $0
  • Other: $0

    • Ben Cowart (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Dulaney (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charlie Meyer (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Clyde Leuchtag (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chris Stratton (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Danny Lovelady (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.generationone.net

    Where can I find the form 990 for Generation One Inc?

    The Generation One Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.generationone.net

    Learn more at the official website: www.generationone.net

    Mission Statement of Generation One Inc

    Generation One Inc exists with a mission to catalyze effective community transformation, aiming to break the cycle of generational poverty. They strive to engage a specific community, the Third Ward of Houston, Texas, through early childhood development, parent training, and community involvement. The organization's approach includes operating Generation One Academy, a private Christian school focusing on early childhood development and parent training for children aged 2 to first grade. The school offers smaller classrooms, collaborating with local charter schools to provide extended learning opportunities, which are not commonly available in schools within the Third Ward, a high-poverty area. The children at Generation One Academy receive two meals and a snack each day.

    In addition to the school, Generation One Inc offers parenting programs, equipping parents with training and opportunities to engage in their children's school activities, assist in classrooms, and become more involved in their child's life. These programs aim to empower and educate parents, fostering a supportive environment that benefits both the children and their families. By combining early childhood development, parent training, and community involvement, Generation One Inc aspires to impact the lives of families in the Third Ward, ultimately working towards the eradication of generational poverty.

    Impact

    This information is meant to be a general summary of Generation One Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Generation One Inc's impact lies in its successful efforts to break the cycle of generational poverty in the Third Ward of Houston, TX. Through their Generation One Academy, a private Christian school, they provide early childhood development and parent training for children ages 2 through first grade. By offering smaller classroom settings and collaborating with local charter schools, Generation One Inc ensures that children in this high-poverty area have access to quality education and long-term learning opportunities. Additionally, the provision of meals and snacks helps address food insecurity among these children.

    Furthermore, Generation One Inc's parenting programs not only offer training for parents but also provide opportunities for them to engage in school activities, help in classrooms, and become more involved in their child's education. By actively involving parents in the educational journey of their children, Generation One Inc empowers families to support their children's academic and personal growth.

    Overall, Generation One Inc's holistic approach to addressing poverty through education and community engagement demonstrates a tangible impact on the lives of individuals and families in the Third Ward of Houston, TX. Through their human services initiatives, they are catalyzing effective community transformation and creating pathways for a brighter future for generations to come.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $420,091
  • Program Service Revenue: $0
  • Gross Receipts: $2,247,410

    • Assets and Liabilities:
  • Total Assets: $2,249,423
  • Total Liabilities: $678,500
  • Net Assets: $1,570,923
  • Organization Details

    Founding Year

    2007

    Principal Officer

    Michael J Malkemes

    Main Address

    PO BOX 8280, HOUSTON, TX, 77288

    NTEE Category

    Code: P20 - Human services

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