Liabilities / Assets
92nd percentile
Higher debt load relative to assets than 92% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.72x
Liabilities / Revenue
87th percentile
Higher debt load relative to revenue than 87% of similar nonprofits.
Net Margin
22nd percentile
Higher net margin than 22% of similar nonprofits.
Top Officer Pay
79th percentile
Higher top officer pay than 79% of similar nonprofits.
Top officer pay equals 1.8% of source-year revenue.
Asset Growth
24th percentile
Faster asset growth than 24% of similar nonprofits.
Revenue Growth
73rd percentile
Faster revenue growth than 73% of similar nonprofits.
Balance Sheet
Assets
Down$18,394
Down $4,365 (-19%) from 2022
Net Assets
Down$5,242
Down $11,272 (-68%) from 2022
Liabilities
Up$13,152
Up $6,907 (+111%) from 2022
Revenue And Expenses
Revenue
Up$70,510
Up $17,333 (+33%) from 2022
Expenses
Up$81,782
Up $19,808 (+32%) from 2022
Net Income
Down-$11,272
Down $2,475 (-28%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Mar 10, 2024
- Return Version
- 2023v4.0
- Gross Receipts
- $70,744
Mission and Program Overview
Mission
Financial Empowerment for Women & Youth
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Wealthygen developed a money management mobile application to empower individuals for financial literacy. | - | $50,807 |
| 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 | $17,022 |
| WealthyGen empowered 10 widows in Mkpok Community in Nigeria with financial education training, savings account and established small scale businesses for them to earn income | - | $4,525 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Charity Ezenwa-Onuaku | President | - | $1,250 | - | $1,250 |
| 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
- 2024-03-10
- 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 - IP 357Royalty Income - Other 152Rewards 400”
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 8,000”
Description of other expenses Part I line 16
“Description AmountRegistration & License fees 131Supplies 189Advertisements 2,217Dues and Subscriptions 181Travel 503Conference Registrations 175Refreshments 601Liability Insurance 346Market Place Processing Fees 629Bank and Merchant fees 267Meeting Expenses 2,671Empowerment Costs 2,974Miscellaneous Expenses 15”
Description of other assets Part II line 24
“Category Beginning of Year End of YearAccount Receivable 631 109Inventory 6,429 6,194Prepaid Expenses 15 15”
Description of total liabilities Part II line 26
“Category Beginning of Year End of YearAccounts Payable 5,045 5,000SBA COVID-19 EIDL Loan 1,200 1,102PNC Credit Card 0 7,050”
Raw XML Appendix165 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 | 15684 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 12076 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 67432 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 234 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -11272 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 58644 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 22759 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 18394 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 8000 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 769 |
| IRS990EZ/GrossReceiptsAmt | 0 | 70744 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 1003 |
| 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 | 16514 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 5242 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 16514 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 5242 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 589 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 1250 |
| 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 | 7075 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 6318 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 10899 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 909 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Financial Empowerment for Women & Youth |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 1499 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 1400 |
| 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 10 widows in Mkpok Community in Nigeria with financial education training, savings account and established small scale businesses for them to earn income |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | Wealthygen developed a money management mobile application to empower individuals for financial literacy. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 25000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 17022 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 4525 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 2 | 50807 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 2151 |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | MD |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 6245 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 13152 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 81782 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 72354 |
| IRS990EZ/TotalRevenueAmt | 0 | 70510 |
| 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 | 67432 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 38856 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 62391 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 10853 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 179532 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 124400 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 3312 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 14799 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 18111 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 65491 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 114041 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 67432 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 38856 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 62391 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 10853 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 179532 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 197643 |
| 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 - IP 357Royalty Income - Other 152Rewards 400 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Activity Prince Georges County Innovation Scholarship ProgGrantee PG County Innovation Scholars Relationship 24 High School STEM graduating studAmount 8,000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Description AmountRegistration & License fees 131Supplies 189Advertisements 2,217Dues and Subscriptions 181Travel 503Conference Registrations 175Refreshments 601Liability Insurance 346Market Place Processing Fees 629Bank and Merchant fees 267Meeting Expenses 2,671Empowerment Costs 2,974Miscellaneous Expenses 15 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Category Beginning of Year End of YearAccount Receivable 631 109Inventory 6,429 6,194Prepaid Expenses 15 15 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Category Beginning of Year End of YearAccounts Payable 5,045 5,000SBA COVID-19 EIDL Loan 1,200 1,102PNC Credit Card 0 7,050 |
| 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 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL2 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd | 0 | 00 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 2 |
| 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 | 2024-03-10 |
| 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/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| 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 | 2024-03-10 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Charity Ezenwa |
| ReturnHeader/ReturnTs | 0 | 2024-03-10T14:48:12-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | Charity |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | Ezenwa-Onuaku |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $18,394
- Liabilities
- $13,152
- Net assets
- $5,242
- Revenue
- $70,510
- Expenses
- $81,782
- Net income
- -$11,272