Civic Intelligence

Generation Now

990 • Fiscal year 2022 • EIN 36-4739908

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 07, 2023

1728 Broad StSan Luis Obispo, CA 93401

(303) 432-7077

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

81st percentile

0.14x

Higher debt load relative to assets than 81% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

80th percentile

0.08x

Higher debt load relative to revenue than 80% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

17th percentile

-23%

Higher net margin than 17% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

99th percentile

$142,594

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 89.6% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

16th percentile

-30%

Faster asset growth than 16% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

70th percentile

43%

Faster revenue growth than 70% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$89,796

Down $39,385 (-30%) from 2021

Net Assets

Down

$77,584

Down $37,379 (-33%) from 2021

Liabilities

Down

$12,212

Down $2,006 (-14%) from 2021

Revenue

Up

$159,109

Up $47,834 (+43%) from 2021

Expenses

Down

$196,488

Down $537 (-0.3%) from 2021

Net Income

Up

-$37,379

Up $48,371 (+56%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2015: $36,374Liabilities 2015: $0Net Assets 2015: $36,3742015Assets 2016: $44,038Liabilities 2016: $0Net Assets 2016: $44,0382016Assets 2019: $242,752Liabilities 2019: $7,481Net Assets 2019: $235,2712019Assets 2020: $204,597Liabilities 2020: $3,884Net Assets 2020: $200,7132020Assets 2021: $129,181Liabilities 2021: $14,218Net Assets 2021: $114,9632021Assets 2022: $89,796Liabilities 2022: $12,212Net Assets 2022: $77,5842022Assets 2023: $42,345Liabilities 2023: $9,161Net Assets 2023: $33,1842023Assets 2024: $57,560Liabilities 2024: $4,386Net Assets 2024: $53,1742024

Highlighted filing

2022

Assets$89,796
Liabilities$12,212
Net Assets$77,584

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2015: $19,009Expenses 2015: $14,393Net Income 2015: $4,6162015Revenue 2016: $26,502Expenses 2016: $18,838Net Income 2016: $7,6642016Revenue 2019: $402,376Expenses 2019: $174,149Net Income 2019: $228,2272019Revenue 2020: $123,824Expenses 2020: $158,382Net Income 2020: -$34,5582020Revenue 2021: $111,275Expenses 2021: $197,025Net Income 2021: -$85,7502021Revenue 2022: $159,109Expenses 2022: $196,488Net Income 2022: -$37,3792022Revenue 2023: $78,697Expenses 2023: $123,097Net Income 2023: -$44,4002023Revenue 2024: $122,409Expenses 2024: $102,419Net Income 2024: $19,9902024

Highlighted filing

2022

Revenue$159,109
Expenses$196,488
Net Income-$37,379
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 7, 2023
Return Version
2022v5.0
Gross Receipts
$159,109
Mission and Program Overview

Mission

To reach, rescue, root, release and resource the emerging generation of children and youth who are trapped in cycles of poverty, violence, abuse and hopelessness and keep them out of the failure cycle

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$128,252$89,796▼ $38,456
Rtn Earn Endowment Incm Other Fnds$114,963$77,584▼ $37,379
Prepaid Expenses and Deferred Charges$929--
Total Assets$129,181$89,796▼ $39,385
Liabilities
Accounts Payable and Accrued Expenses$7,018$6,554▼ $464
Deferred Revenue$7,200$5,658▼ $1,542
Total Liabilities$14,218$12,212▼ $2,006
Net Assets / Fund Balance
Total Net Assets Fund Balance$114,963$77,584▼ $37,379
Total Liabilities and Net Assets / Fund Balance$129,181$89,796▼ $39,385
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rick OlmsteadPresidentFT$72,750$69,844$142,594

Board Members and Trustees

NameTitle
David ReardonDirector
Liz PikeDirector
Todd BielmanDirector
Rebecca OlmsteadSec/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$144,776
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$14,333
All Other Contributions
$144,776
Change in Net Assets
$-37,379
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$142,594
Other Expenses$53,894
Total Fundraising Expense$104
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$142,594--$142,594
Travel$29,288--$29,288
Office Expenses$4,528$1,132-$5,660
Fees for Services Other$4,155--$4,155
Fees for Services Accounting-$2,620-$2,620
Conferences and Meetings$1,940--$1,940
Insurance$586$586-$1,172
Other Expenses$862$918-$862
All Other Expenses-$142$104$246
Information Technology$70--$70
Total Functional Expenses$189,137$7,247$104$196,488
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Rick olmstead rebecca olmstead president sec/treas husband/wife

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Generation Now
EIN
36-4739908
Address
1728 BROAD ST, SAN LUIS OBISPO, CA 93401

Signing Officer

Name
Rick Olmstead
Title
President
Signed
2023-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rick Olmstead
Formed
2013
Voting Board Members
5
Independent Board Members
4
Employees
1

Preparer

Firm
Palik & Associates Pc
Address
8100 RALSTON RD STE 220, ARVADA, CO 80002-2456
Preparer
Bradley S Palik
Phone
3034327077
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RICK OLMSTEAD REBECCA OLMSTEAD PRESIDENT SEC/TREAS HUSBAND/WIFE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ARVADA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0800022456
ReturnHeader/PreparerPersonGrp/PhoneNum03034327077
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRADLEY S PALIK
ReturnHeader/ReturnTs02023-11-13T11:00:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RICK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0OLMSTEAD
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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