Liabilities / Assets
86th percentile
Higher debt load relative to assets than 86% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.27x
Liabilities / Revenue
83rd percentile
Higher debt load relative to revenue than 83% of similar nonprofits.
Net Margin
21st percentile
Higher net margin than 21% of similar nonprofits.
Top Officer Pay
79th percentile
Higher top officer pay than 79% of similar nonprofits.
Top officer pay equals 5.2% of source-year revenue.
Asset Growth
24th percentile
Faster asset growth than 24% of similar nonprofits.
Revenue Growth
20th percentile
Faster revenue growth than 20% of similar nonprofits.
Balance Sheet
Assets
Down$22,759
Down $4,823 (-17%) from 2021
Net Assets
Down$16,514
Down $5,298 (-24%) from 2021
Liabilities
Up$6,245
Up $475 (+8.2%) from 2021
Revenue And Expenses
Revenue
Down$53,177
Down $20,107 (-27%) from 2021
Expenses
Up$61,974
Up $5,787 (+10%) from 2021
Net Income
Down-$8,797
Down $25,894 (-151%) from 2021
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2022 to Dec 31, 2022
- Signed
- Mar 12, 2023
- Return Version
- 2022v4.1
- Gross Receipts
- $53,656
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. | $31,101 | $32,587 |
| WealthyGen empowered 15 widows in Abatete Anambra State Nigeria with financial education training, savings account and established small scale businesses for them to earn income | - | $4,750 |
| Wealthygen partnered with Sitar Arts center to provide financial literacy training to 50 high school interns in Washington DC. | - | $1,139 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Charity Ezenwa-Onuaku | President | - | $2,750 | - | $2,750 |
| Anthony Onuaku | Vice President | - | $0 | - | - |
| Kennisha Firstley | Secretary | - | $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 Ezenwa-Onuaku
- Title
- President
- Phone
- 3012328384
- Signed
- 2023-03-12
- 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 105”
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 Global Giving Contribution Grantee ASA Women Cancer Project Relationship Non-profit Organization Amount 50”
Description of other expenses Part I line 16
“Description AmountRegistration & License fees 130Supplies 938Advertisements 1,348Dues and Subscriptions 158Corporate Gifts 390Refreshments 386Liability Insurance 260Marketplace Processing Fees 778Bank and Merchant Fees 749Meeting Expenses 7,880Empowerment Costs 3,755Miscellaneous 40”
Other changes in net assets or fund balances Part I line 20
“Description AmountScholarship awards not claimed 3,499”
Description of other assets Part II line 24
“Category Beginning of Year End of YearAccount Receivable 0 631Inventory 4,033 6,429Prepaid Expenses 1,865 15”
Description of total liabilities Part II line 26
“Category Beginning of Year End of YearAccounts Payable 4,570 5,045SBA COVID-19 EIDL Loan 1,200 1,200”
Raw XML Appendix164 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 the 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 | 21684 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 15684 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 38856 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 479 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -8797 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 17493 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 27582 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 22759 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 20550 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 1860 |
| IRS990EZ/GrossReceiptsAmt | 0 | 53656 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 2339 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 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 | 21812 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 16514 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 21812 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 16514 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 602 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 2750 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Charity Ezenwa-Onuaku |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Anthony Onuaku |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Kennisha Firstley |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Vice President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Secretary |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 5898 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 7075 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 3499 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 16812 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 105 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Financial Empowerment for Women & Youth |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 2550 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 12356 |
| 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 empowered 15 widows in Abatete Anambra State Nigeria with financial education training, savings account and established small scale businesses for them to earn income |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | Wealthygen partnered with Sitar Arts center to provide financial literacy training to 50 high school interns in Washington DC. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 31101 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 32587 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 4750 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 2 | 1139 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 3967 |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | MD |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 5770 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 6245 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 61974 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 38476 |
| IRS990EZ/TotalRevenueAmt | 0 | 53177 |
| 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 | 38856 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 62391 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 10853 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 112100 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 53656 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 14799 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 14799 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 54638 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 57462 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 38856 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 62391 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 10853 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 112100 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 126899 |
| 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 105 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Activity Prince Georges County Innovation Scholarship ProgGrantee PG County Innovation Scholars Relationship 24 High School STEM graduating studAmount 20,500Activity Global Giving Contribution Grantee ASA Women Cancer Project Relationship Non-profit Organization Amount 50 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Description AmountRegistration & License fees 130Supplies 938Advertisements 1,348Dues and Subscriptions 158Corporate Gifts 390Refreshments 386Liability Insurance 260Marketplace Processing Fees 778Bank and Merchant Fees 749Meeting Expenses 7,880Empowerment Costs 3,755Miscellaneous 40 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Description AmountScholarship awards not claimed 3,499 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Category Beginning of Year End of YearAccount Receivable 0 631Inventory 4,033 6,429Prepaid Expenses 1,865 15 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Category Beginning of Year End of YearAccounts Payable 4,570 5,045SBA COVID-19 EIDL Loan 1,200 1,200 |
| 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 | Other changes in net assets or fund balances Part I line 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Description of other assets Part II line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Description of total liabilities Part II line 26 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL2 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd | 0 | 00 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | false |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Charity Ezenwa-Onuaku |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3012328384 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-03-12 |
| 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 | 2023-03-12 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Charity Ezenwa |
| ReturnHeader/ReturnTs | 0 | 2023-03-12T14:44:52-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | Charity |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | Ezenwa-Onuaku |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-12-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $22,759
- Liabilities
- $6,245
- Net assets
- $16,514
- Revenue
- $53,177
- Expenses
- $61,974
- Net income
- -$8,797