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Generator Inc

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

EIN: 463848431 ✦ Burlington, VT ✦ Designated as a 501(c)(3)

Overview

What is Generator Inc?

Generator Inc is a nonprofit organization situated in Burlington, Vermont. With a team of 34 individuals, it serves as an artistic studio, classroom, and business incubator, intertwining art, science, and technology. The organization offers a variety of tools, expertise, and opportunities for the entire community, empowering them to create, collaborate, and actualize their ideas. Generator caters to youth through STEM/STEAM and work-based learning programs across Vermont, while providing hands-on, experiential education for adults of all ages. Membership includes access to shared workshops featuring wood, metal, jewelry, rapid prototyping, sewing, electronics, and a computer lab with design software. Additionally, Generator has undertaken outreach initiatives such as a "Maker in Residence" program and a speaker series to inspire and connect with the community at large. By fostering an environment that encourages innovation and creativity, Generator aims to support local middle and high schools in implementing STEM-based curricula and hands-on instruction through project-based learning.


Official website here: www.generatorvt.com

Is Generator Inc legitimate?

Generator Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Generator 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: $85,809
Professional Fundraising Fees: $0
Other Salaries and Wages: $340,309

For more financial information, click here


Official website here: www.generatorvt.com

What is the mission statement of Generator Inc?

Generator Inc serves as a fusion of an artist studio, classroom, and business incubator, bridging art, science, and technology. Their mission is to equip their community with the necessary tools, expertise, education, and opportunities, enabling them to bring their ideas to life through creation and collaboration. Generator offers youth STEM/STEAM and work-based learning programs, hands-on experiential education for adults of all ages, and membership for shared workshops including wood, metal, jewelry, rapid prototyping, sewing, electronics, and a computer lab with design software. Their primary objective is to empower everyone in the community to transform their concepts into reality.


Official website here: www.generatorvt.com

Who is the CEO of Generator Inc?

Megan Hammond is the President of Generator Inc.


Official website here: www.generatorvt.com

What is the revenue of Generator Inc?

Generator Inc's revenue in 2022 was $1,200,636.


Official website here: www.generatorvt.com

Who are the executives of Generator Inc and what are their salaries?

The average compensation at Generator Inc during 2022 was $12,533. There are 34 employees and 34 volunteers at Generator Inc.

Here are 20 key members and their salaries:

    Megan Hammond (Executive Di)
  • Compensation: $59,657
  • Related: $0
  • Other: $6,000

    • Dan Harvey (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dave Gurtman (Vice Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ryan Black-Deegan (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Denise Shekerjian (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Doug Webster (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Conant (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Laurie Quinn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Justin Mccabe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chris Thompson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ken Howell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lee Bouyea (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Metz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Doreen Kraft (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bill Gottesman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Cohn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Erika Schramm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dawn Grenn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen Freeman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lucia Campriello (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.generatorvt.com

    Where can I find the form 990 for Generator Inc?

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


    Official website here: www.generatorvt.com

    Learn more at the official website: www.generatorvt.com

    Mission Statement of Generator Inc

    Generator Inc, a fusion of an artist studio, classroom, and business incubator, operates at the junction of art, science, and technology. Their mission is to equip and empower the community by providing tools, expertise, education, and opportunities, enabling individuals to create, collaborate, and bring their ideas to life. Generator Inc offers youth STEM/STEAM and work-based learning programs across Vermont, hands-on, experiential education for adults of all ages, and shared workshop memberships featuring various tools such as woodworking, metalworking, jewelry-making, rapid prototyping, sewing, electronics, and a computer lab equipped with design software.

    Impact

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




    Saturday, July 20, 2024

    Generator Inc's impact is seen through its provision of tools, expertise, education, and opportunities at the intersection of art, science, and technology. By offering accessible space and resources to over 200 educators, makers, artists, and entrepreneurs, Generator Inc empowers its community members to bring their ideas to life. Through various programs like youth STEM/STEAM initiatives, work-based learning programs, and hands-on education for adults, Generator Inc fosters creativity and innovation within the community. Additionally, outreach efforts such as the "Maker in Residence" program and the "Big Maker" speaker series further inspire collaboration and creativity. Generator Inc's work with local schools to support STEM-based curriculum and project-based learning demonstrates its commitment to advancing education and skills development in the community. Through its multifaceted approach, Generator Inc contributes positively to the community by creating opportunities for learning, collaboration, and innovation.





    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: $-271
  • Program Service Revenue: $320,880
  • Gross Receipts: $1,201,129

    • Assets and Liabilities:
  • Total Assets: $1,255,929
  • Total Liabilities: $33,900
  • Net Assets: $1,222,029
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROGRAM REVENUE

    Revenue

    $140,196

    MONTHLY PROGRAM FEES

    Revenue

    $128,574

    FACILITY FEES

    Revenue

    $52,110

    Organization Details

    Founding Year

    2013

    Principal Officer

    Megan Hammond

    Main Address

    40 SEARS LANE, BURLINGTON, VT, 05401

    NTEE Category

    Code: S20 - Community improvement

    If you are a representative of Generator Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.