Civic Intelligence

Generator Inc.

990 • Fiscal year 2025 • EIN 46-3848431

Jul 01, 2024 to Jun 30, 2025

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

58th percentile

0.11x

Higher debt load relative to assets than 58% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

58th percentile

0.12x

Higher debt load relative to revenue than 58% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

14th percentile

-17%

Higher net margin than 14% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

65th percentile

$95,267

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 10.1% of source-year revenue.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

17th percentile

-6.5%

Faster asset growth than 17% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

56th percentile

9.1%

Faster revenue growth than 56% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$1,071,085

Down $73,987 (-6.5%) from 2024

Net Assets

Down

$956,603

Down $159,960 (-14%) from 2024

Liabilities

Up

$114,482

Up $85,973 (+302%) from 2024

Revenue

Up

$946,059

Up $79,042 (+9.1%) from 2024

Expenses

Up

$1,106,019

Up $60,848 (+5.8%) from 2024

Net Income

Up

-$159,960

Up $18,194 (+10%) from 2024

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

2025

Assets$1,071,085
Liabilities$114,482
Net Assets$956,603

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

2025

Revenue$946,059
Expenses$1,106,019
Net Income-$159,960
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 18, 2026
Return Version
2024v5.0
Gross Receipts
$946,059
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$610,267$596,509▼ $13,758
Savings and Temporary Cash Investments$326,237$282,936▼ $43,301
Cash and Non-Interest-Bearing Accounts$194,947$169,751▼ $25,196
Accounts Receivable$11,432$21,889▲ $10,457
Prepaid Expenses and Deferred Charges$2,189--
Total Assets$1,145,072$1,071,085▼ $73,987
Liabilities
Accounts Payable and Accrued Expenses$23,889$110,072▲ $86,183
Other Liabilities$4,620$4,410▼ $210
Total Liabilities$28,509$114,482▲ $85,973
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,018,227$877,658▼ $140,569
Net Assets With Donor Restrictions$98,336$78,945▼ $19,391
Total Net Assets Fund Balance$1,116,563$956,603▼ $159,960
Total Liabilities and Net Assets / Fund Balance$1,145,072$1,071,085▼ $73,987

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$467,063$115,757$582,820
Equipment$129,446$143,283$272,729
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Megan HammondExecutive DiFT$89,267$6,000$95,267

Board Members and Trustees

NameTitle
Dave GurtmanPresident
Bianca RoaDirector
Bill GottesmanDirector
Chris ThompsonDirector
Corine FarewellDirector
Erika SchrammDirector
Jon WettsteinDirector
Justin MccabeDirector
Larry WilliamsDirector
Laurie QuinnDirector
Lee BouyeaDirector
Marina MccoyDirector
Patricia AndersonDirector
Steve ConantDirector
Tim VolkDirector
Karen FreemanSecretary
Ryan Black-deeganTreasurer
Lucia CamprielloVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$532,869
Program Service Revenue
$401,569
Investment Income
$11,621
Other Revenue
$0
All Other Contributions
$439,931
Change in Net Assets
$-159,960
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$679,420
Other Expenses$426,599
Total Fundraising Expense$166,813
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$315,196$72,738$96,984$484,918
Occupancy$147,989$16,443-$164,432
Current Officers, Directors, Trustees, and Key Employees$52,235$26,650$27,716$106,601
Depreciation Depletion$53,430$5,937-$59,367
Payroll Taxes$36,112$8,334$11,111$55,557
All Other Expenses$39,902$2,932$9,120$51,954
Other Employee Benefits$21,023$4,852$6,469$32,344
Fees for Services Accounting$12,846$6,423$6,423$25,692
Insurance$15,588$1,732-$17,320
Other Expenses$15,582$3,779$2,834$15,582
Advertising$8,059$1,240$3,100$12,399
Office Expenses$3,131$3,131$1,566$7,828
Travel$2,496-$1,344$3,840
Fees for Services Legal$292$146$146$584
Total Functional Expenses$784,869$154,337$166,813$1,106,019
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$4,410
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 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
2026-03-18
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
40
Volunteers
20

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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