PLATINUM2023

GENERATION U INC

Achieve the impossible

aka Generation U   |   Steamboat Springs, CO   |  http://www.Gen-U.org

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GuideStar Charity Check

GENERATION U INC

EIN: 84-1978503


Mission

Through water, we will save and inspire the next generation.

Ruling year info

2019

Founder/CEO

Joel Cobb

Co-Founder/CRO

Nich Cornwell

Main address

PO Box 770975

Steamboat Springs, CO 80477 USA

Show more contact info

EIN

84-1978503

Subject area info

Education

Environment

Health

Sports and recreation

Population served info

Ethnic and racial groups

Religious groups

At-risk youth

NTEE code info

Fund Raising and/or Fund Distribution (E12)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Generation U Borehole Program

Program Description: Generation U Borehole Program

Generation U Borehole Program is a comprehensive initiative aimed at providing safe and sustainable access to clean water for millions of people living in remote areas of East Africa. This program focuses on drilling boreholes, which are deep narrow holes in the ground that tap into underground water sources, ensuring a reliable and long-term water supply.

The program is designed to address the critical issue of water scarcity in these remote regions, where communities often lack access to safe drinking water. By drilling boreholes, the program aims to alleviate the burden of waterborne diseases, reduce the time and effort spent by individuals, especially women and children, in fetching water from distant sources, and improve overall living conditions.

Key Features:
1. Borehole Drilling: The program employs skilled technicians and modern drilling equipment to identify suitable locations and drill boreholes in remote areas. T

Population(s) Served
Ethnic and racial groups
Religious groups
People with disabilities
Caregivers
Families

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of water projects built

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Goals & Strategy

SOURCE: Self-reported by organization

Financials

GENERATION U INC
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

0.00

Average of 0.00 over 1 years

Months of cash in 2022 info

SOURCE: IRS Form 990

9.8

Average of 9.8 over 1 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

0%

Average of 0% over 1 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

GENERATION U INC

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

GENERATION U INC

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

GENERATION U INC

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of GENERATION U INC’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2022
Unrestricted surplus (deficit) before depreciation $185,106
As % of expenses 81.5%
Unrestricted surplus (deficit) after depreciation $185,106
As % of expenses 81.5%
Revenue composition info
Total revenue (unrestricted & restricted) $412,281
Total revenue, % change over prior year 0.0%
Program services revenue 13.4%
Membership dues 0.0%
Investment income 0.0%
Government grants 0.0%
All other grants and contributions 86.6%
Other revenue 0.0%
Expense composition info
Total expenses before depreciation $227,175
Total expenses, % change over prior year 0.0%
Personnel 33.9%
Professional fees 2.8%
Occupancy 3.4%
Interest 0.0%
Pass-through 0.0%
All other expenses 59.9%
Full cost components (estimated) info 2022
Total expenses (after depreciation) $227,175
One month of savings $18,931
Debt principal payment $0
Fixed asset additions $0
Total full costs (estimated) $246,106

Capital structure indicators

Liquidity info 2022
Months of cash 9.8
Months of cash and investments 9.8
Months of estimated liquid unrestricted net assets 9.8
Balance sheet composition info 2022
Cash $185,106
Investments $0
Receivables $0
Gross land, buildings, equipment (LBE) $0
Accumulated depreciation (as a % of LBE) 0.0%
Liabilities (as a % of assets) 0.0%
Unrestricted net assets $185,106
Temporarily restricted net assets N/A
Permanently restricted net assets N/A
Total restricted net assets $0
Total net assets $185,106

Key data checks

Key data checks info 2022
Material data errors No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Founder/CEO

Joel Cobb

Co-Founder/CRO

Nich Cornwell

Number of employees

Source: IRS Form 990

GENERATION U INC

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

GENERATION U INC

Board of directors
as of 09/07/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Joel Cobb

Nich Cornwell

Generation U

Bridget Cobb

Generation U

Nathan Hamby

Generation U

Joel Cobb

Generation U

Organizational demographics

SOURCE: Self-reported; last updated 8/2/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

The organization's co-leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data