Liabilities / Assets
83rd percentile
Higher debt load relative to assets than 83% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.21x
Liabilities / Revenue
77th percentile
Higher debt load relative to revenue than 77% of similar nonprofits.
Net Margin
68th percentile
Higher net margin than 68% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 1.4% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$27,582
No earlier filing loaded for comparison.
Net Assets
$21,812
No earlier filing loaded for comparison.
Liabilities
$5,770
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
$73,284
No earlier filing loaded for comparison.
Expenses
$56,187
No earlier filing loaded for comparison.
Net Income
$17,097
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- Apr 5, 2022
- Return Version
- 2021v4.1
- Gross Receipts
- $75,285
Mission and Program Overview
Mission
Financial Empowerment for Women & Youth
Program Services
| Description | Grants | Expenses |
|---|---|---|
| WealthyGen implemented the Prince Georges County Innovation scholarship program through which we awarded scholarships to PG County high school seniors majoring in STEM fields. | $25,000 | $28,945 |
| WealthyGen completed the Thanksgiving turkey giveaway feeding over 400 families in PG county with turkey dinner for thanksgiving | $10,000 | $9,957 |
| WealthyGen empowered 10 widows in Obuofia-Awgu Enugu State Nigeria with financial education training, savings account and established small scale businesses for them to earn income | - | $2,227 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Charity Ezenwa-Onuaku | President | - | $1,000 | - | $1,000 |
| Anthony Onuaku | Vice President | - | $0 | - | - |
| Kennisha Firstley | Director | - | $0 | - | - |
| Edina Obizuo | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Wealthygen Inc
- EIN
- 83-0585297
- Address
- 5557 Baltimore Ave Ste 500-1070, Hyattsville, MD 20781
Signing Officer
- Name
- Charity C Ezenwa
- Title
- President
- Phone
- 3012328384
- Signed
- 2022-04-05
- Discuss with paid preparer
- No
Preparer
- Firm
- WealthyGen Inc
- Address
- 5557 Baltimore Ave Ste 500, Hyattsville, MD 20781
- Preparer
- Charity Ezenwa
- Phone
- 3012328384
Supplemental Narrative
Additional Explanations
Description of other revenue Part I line 8
“Description AmountRoyalty Income 123Honoraria 100”
List of grants and similar amounts paid Part I line 10
“Activity Prince Georges County Innovation Scholarship ProgGrantee PG County Innovation Scholars Relationship 24 High School STEM graduating studAmount 20,500Activity Financial Empowerment for young Adults Grantee Various program participants Relationship Program Participants Amount 453Activity Global Giving Contribution Grantee Global Giving Cancer project Relationship Non-Profit Amount 200”
Description of other expenses Part I line 16
“Description AmountRegistration & License fees 86Information Technology 3,796Supplies 797Advertising & Media Promotion 2,873Corporate Tax 469Travel 310Marketplace Processing Fees 1,304Bank and Merchant Fees 363Meeting Room Decoration 2,000Food & Beverage 2,428Meeting Room 1,824Entertainment 650Support Fund 111Empowerment Material 9,127Miscellenous 9”
Description of other assets Part II line 24
“Category Beginning of Year End of YearAccount Receivable 180 0Inventory 3,393 4,033Prepaid Expenses 0 1,865”
Description of total liabilities Part II line 26
“Category Beginning of Year End of YearAccounts Payable 0 4,570SBA COVID-19 EIDL Loan 1,200 1,200”
Changes to governing documents Part V line 34
“WealthyGen filed an article of Ammendment to remove two (2) Board of Directors who were part of the incorporating members. The article was approved on August 21, 2021.”
Raw XML Appendix166 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 0 | Charity Ezenwa-Onuaku Dr |
| CompensationExplanation/CompensationExplanationGrp/ShortExplanationTxt | 0 | WealthyGen is relatively new,as such the officer is getting paid teh little stipend. Compensation will continue to adjust as our revenue increases. |
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Charity Ezenwa |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 3012328384 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 5557 Baltimore Ave Ste 500-1070 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Hyattsville |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MD |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 20781 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 2342 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 21684 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | true |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 62391 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 2001 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 17097 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 4128 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 5915 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 27582 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 21153 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 7991 |
| IRS990EZ/GrossReceiptsAmt | 0 | 75285 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 9992 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 4715 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 21812 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 4715 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 21812 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 621 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 1000 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Charity Ezenwa-Onuaku |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Anthony Onuaku |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Kennisha Firstley |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | Edina Obizuo |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Vice President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Director |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 3573 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 5898 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 26147 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 223 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Financial Empowerment for Women & Youth |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 2111 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 2679 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | WealthyGen implemented the Prince Georges County Innovation scholarship program through which we awarded scholarships to PG County high school seniors majoring in STEM fields. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | WealthyGen completed the Thanksgiving turkey giveaway feeding over 400 families in PG county with turkey dinner for thanksgiving |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | WealthyGen empowered 10 widows in Obuofia-Awgu Enugu State Nigeria with financial education training, savings account and established small scale businesses for them to earn income |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 25000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 1 | 10000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 28945 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 9957 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 2 | 2227 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 2027 |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | MD |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 1200 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 5770 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 56187 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 41129 |
| IRS990EZ/TotalRevenueAmt | 0 | 73284 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | wwww.wealthygen.org |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 62391 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 10853 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 73244 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 27174 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 46070 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 62391 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 10853 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 73244 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 73244 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Description AmountRoyalty Income 123Honoraria 100 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Activity Prince Georges County Innovation Scholarship ProgGrantee PG County Innovation Scholars Relationship 24 High School STEM graduating studAmount 20,500Activity Financial Empowerment for young Adults Grantee Various program participants Relationship Program Participants Amount 453Activity Global Giving Contribution Grantee Global Giving Cancer project Relationship Non-Profit Amount 200 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Description AmountRegistration & License fees 86Information Technology 3,796Supplies 797Advertising & Media Promotion 2,873Corporate Tax 469Travel 310Marketplace Processing Fees 1,304Bank and Merchant Fees 363Meeting Room Decoration 2,000Food & Beverage 2,428Meeting Room 1,824Entertainment 650Support Fund 111Empowerment Material 9,127Miscellenous 9 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Category Beginning of Year End of YearAccount Receivable 180 0Inventory 3,393 4,033Prepaid Expenses 0 1,865 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Category Beginning of Year End of YearAccounts Payable 0 4,570SBA COVID-19 EIDL Loan 1,200 1,200 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | WealthyGen filed an article of Ammendment to remove two (2) Board of Directors who were part of the incorporating members. The article was approved on August 21, 2021. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Description of other revenue Part I line 8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | List of grants and similar amounts paid Part I line 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Description of other assets Part II line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Description of total liabilities Part II line 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Changes to governing documents Part V line 34 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL2 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd | 0 | 11 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | false |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Charity C Ezenwa |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3012328384 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-04-05 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | WEALTHYGEN INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | WEAL |
| ReturnHeader/Filer/EIN | 0 | 830585297 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 5557 Baltimore Ave Ste 500-1070 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Hyattsville |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MD |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 20781 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | WealthyGen Inc |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 5557 Baltimore Ave Ste 500 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Hyattsville |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 20781 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3012328384 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2022-04-05 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Charity Ezenwa |
| ReturnHeader/ReturnTs | 0 | 2022-04-05T16:16:02-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | Charity |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | Ezenwa |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $27,582
- Liabilities
- $5,770
- Net assets
- $21,812
- Revenue
- $73,284
- Expenses
- $56,187
- Net income
- $17,097