Civic Intelligence

Generator Inc.

990 • Fiscal year 2023 • EIN 46-3848431

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

40 Sears LaneBurlington, VT 05401

(802) 540-0761

Siviq Scores

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

Liabilities / Assets

45th percentile

0.04x

Higher debt load relative to assets than 45% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

44th percentile

0.06x

Higher debt load relative to revenue than 44% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

56th percentile

7.0%

Higher net margin than 56% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

60th percentile

$83,297

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 8.1% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

59th percentile

7.9%

Faster asset growth than 59% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

21st percentile

-14%

Faster revenue growth than 21% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,354,807

Up $98,878 (+7.9%) from 2022

Net Assets

Up

$1,294,717

Up $72,688 (+5.9%) from 2022

Liabilities

Up

$60,090

Up $26,190 (+77%) from 2022

Revenue

Down

$1,032,196

Down $168,440 (-14%) from 2022

Expenses

Up

$959,508

Up $226,984 (+31%) from 2022

Net Income

Down

$72,688

Down $395,424 (-84%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2014: $73,142Liabilities 2014: $02014Assets 2015: $189,228Liabilities 2015: $500Net Assets 2015: $188,7282015Assets 2016: $205,187Liabilities 2016: $11,377Net Assets 2016: $193,8102016Assets 2017: $471,678Liabilities 2017: $8,488Net Assets 2017: $463,1902017Assets 2018: $526,135Liabilities 2018: $12,344Net Assets 2018: $513,7912018Assets 2019: $558,397Liabilities 2019: $10,062Net Assets 2019: $548,3352019Assets 2020: $698,932Liabilities 2020: $91,453Net Assets 2020: $607,4792020Assets 2021: $767,038Liabilities 2021: $13,121Net Assets 2021: $753,9172021Assets 2022: $1,255,929Liabilities 2022: $33,900Net Assets 2022: $1,222,0292022Assets 2023: $1,354,807Liabilities 2023: $60,090Net Assets 2023: $1,294,7172023Assets 2024: $1,145,072Liabilities 2024: $28,509Net Assets 2024: $1,116,5632024Assets 2025: $1,071,085Liabilities 2025: $114,482Net Assets 2025: $956,6032025

Highlighted filing

2023

Assets$1,354,807
Liabilities$60,090
Net Assets$1,294,717

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $140,388Expenses 2014: $67,246Net Income 2014: $73,1422014Revenue 2015: $384,725Expenses 2015: $269,139Net Income 2015: $115,5862015Revenue 2016: $402,836Expenses 2016: $397,754Net Income 2016: $5,0822016Revenue 2017: $672,455Expenses 2017: $403,075Net Income 2017: $269,3802017Revenue 2018: $573,089Expenses 2018: $522,488Net Income 2018: $50,6012018Revenue 2019: $694,199Expenses 2019: $659,655Net Income 2019: $34,5442019Revenue 2020: $816,479Expenses 2020: $757,335Net Income 2020: $59,1442020Revenue 2021: $856,511Expenses 2021: $710,073Net Income 2021: $146,4382021Revenue 2022: $1,200,636Expenses 2022: $732,524Net Income 2022: $468,1122022Revenue 2023: $1,032,196Expenses 2023: $959,508Net Income 2023: $72,6882023Revenue 2024: $867,017Expenses 2024: $1,045,171Net Income 2024: -$178,1542024Revenue 2025: $946,059Expenses 2025: $1,106,019Net Income 2025: -$159,9602025

Highlighted filing

2023

Revenue$1,032,196
Expenses$959,508
Net Income$72,688
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$1,032,196
Mission and Program Overview

Mission

Generator is a combination of artist studio, classroom, and business incubator at the intersection of art, science, and technology. We provide tools, expertise, education and opportunity to enable all members of our community to create, collaborate, and to make their ideas reality. Generator provides youth stem/steam and work-based learning programs for youth around vermont; 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.

Generator is a combination of artist studio, classroom, and business incubator at the intersection of art, science, and technology. We provide tools, expertise, education and opportunity to enable all members of our community to create, collaborate, and to make their ideas reality.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$340,967$652,549▲ $311,582
Savings and Temporary Cash Investments$229,979$414,798▲ $184,819
Cash and Non-Interest-Bearing Accounts$444,978$179,955▼ $265,023
Pledges and Grants Receivable$226,000$99,165▼ $126,835
Accounts Receivable$7,700$8,180▲ $480
Prepaid Expenses and Deferred Charges-$160-
Total Assets$1,255,929$1,354,807▲ $98,878
Other Assets Total$6,305--
Liabilities
Accounts Payable and Accrued Expenses$28,528$57,085▲ $28,557
Other Liabilities$5,372$3,005▼ $2,367
Total Liabilities$33,900$60,090▲ $26,190
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$712,572$1,125,531▲ $412,959
Net Assets With Donor Restrictions$509,457$169,186▼ $340,271
Total Net Assets Fund Balance$1,222,029$1,294,717▲ $72,688
Total Liabilities and Net Assets / Fund Balance$1,255,929$1,354,807▲ $98,878

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$517,793$65,027$582,820
Equipment$134,756$86,311$221,067
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Megan HammondExecutive DiFT$76,206$7,091$83,297

Board Members and Trustees

NameTitle
Dan HarveyPresident
Bianca RoaDirector
Bill GottesmanDirector
Chris ThompsonDirector
Erika SchrammDirector
John CohnDirector
Justin MccabeDirector
Karen FreemanDirector
Laurie QuinnDirector
Lee BouyeaDirector
Lucia CamprielloDirector
Michael MetzDirector
Patricia AndersonDirector
Steve ConantDirector
Tim VolkDirector
Denise ShekerjianSecretary
Ryan Black-deeganTreasurer
Dave GurtmanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$651,806
Program Service Revenue
$375,571
Investment Income
$4,819
Other Revenue
$0
All Other Contributions
$460,441
Change in Net Assets
$72,688
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$633,565
Other Expenses$325,943
Total Fundraising Expense$165,684
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$227,904$113,953$113,953$455,810
Current Officers, Directors, Trustees, and Key Employees$56,980$28,490$28,490$113,960
Occupancy$70,425$7,825-$78,250
Payroll Taxes$12,487$24,975$12,487$49,949
Depreciation Depletion$38,642--$38,642
All Other Expenses$31,885--$31,885
Fees for Services Accounting-$21,960-$21,960
Advertising$13,272$2,042$5,105$20,419
Insurance$14,541$1,616-$16,157
Other Employee Benefits$6,922$3,462$3,462$13,846
Other Expenses$11,469--$11,469
Office Expenses$4,325$4,325$2,162$10,812
Travel$46-$25$71
Total Functional Expenses$585,176$208,648$165,684$959,508
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Studio Deposits$3,005
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
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

Michael metz denise shekerjian spouses

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

Reviewed by the finance committee prior to filing. A copy of the return is provided to the full board prior to filing.

Form 990, Page 6, Part VI, Line 12C

Review of policy on regular basis

Form 990, Page 6, Part VI, Line 15A

Executive director compensation is based on comparison data and there will be contemporaneous substantiation of the deliberation and decision.

Form 990, Page 6, Part VI, Line 19

Documents available upon request.

Filing and Contact Details

Filer

Filer Name
Generator Inc
EIN
46-3848431
Phone
8025400761
Address
40 SEARS LANE, BURLINGTON, VT 05401

Signing Officer

Name
Megan Hammond
Title
Executive Director
Phone
8025400761
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Megan Hammond
Formed
2013
Legal Domicile
Vt
Voting Board Members
18
Independent Board Members
18
Employees
35
Volunteers
25

Preparer

Firm
Davis & Hodgdon Associates Cpas Plc
Address
33 BLAIR PARK RD STE 201, WILLISTON, VT 05495
Preparer
Bret Hodgdon
Phone
8028781963
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Generator is a combination of artist studio, classroom, and business incubator at the intersection of art, science, and technology. We provide tools, expertise, education and opportunity to enable all members of our community to create, collaborate, and to make their ideas reality. Generator provides youth stem/steam and work-based learning programs for youth around vermont; 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.

Form 990, Page 2, Part III, Line 4A

Generator is an artist studio, classroom, and business incubator at the intersection of art, science, and technology. We provide the tools, expertise, education, and opportunity to enable every member of our community to create, collaborate, and make their ideas reality. In partnership with schools and community-based organizations, generator provides hands-on steam education (science, technology, engineering, arts, and math) to increase exposure to steam careers and strengthen vermont's workforce development. We are currently building out makerspaces in middle and high schools throughout vermont and providing professional development for teachers in makertech ed. As an incubator and an accelerator, we offer two significant programs: artist-in-residence and jumpstart- a business bootcamp for product-based entrepreneurs. As a community space, we provide technologically advanced equipment paired with skill based education for people of all ages. We host free events, artist talks, and a speaking series that deepens dialogue and encourages, motivates, and inspires our community to think outside the box, launch businesses, share their ideas, engage with emerging technology, create, problem-solve & live better together.

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