2 Gen Equity

Nonprofit profile at a glance

EIN
472531646
IRS 990-EZ coverage
2016–2022
Forms available
Form 990 2017, Form 990-EZ 2022
Location
San Francisco, CA, USA
Rating confidence
Limited
Sector
Centers to Support the Independence of Specific Populations

Official website

Reported finances

Revenue
$0
Expenses
$710
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Patrick McNerney (President)

People named in this filing

  • Patrick McNerney (President)
  • Jill Helffenstein (Treasurer)
  • Gary Downs (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission at 2Gen Equity is to end the cycle of poverty through a two-generation approach, motiviating single mothers and their children to successfully overcome the systemic social and financial barriers that perpetuate poverty.

What it reported doing in 2022

The Path Finder program is an intensive 24-month career and life development program, open to San Francisco families headed by a single mother between the ages of 18 and 25, with full custody of at least one child between the ages of 0 and 5, living below the federal poverty level. Utilizing a home visiting model, a family coach helps each mother develop her life plan, connects her to needed services to achieve this life plan, advocates for her and models positive parent and child interactions. The family coach helps navigate access to the six critical areas of opportunity, from helping mothers evaluate child care options and place children in high quality early childhood education, to ensuring that families obtain mental health support to address the effects of trauma commonly seen in poverty.2Gen Equity measures program success through detailed metric tracking, data evaluation, and Path Finder surveys. We collect data on our families progress in establishing assets in all six critical areas including, housing, physical and mental wellness, educational attainment, acquiring a living wage job, health parenting practices and financial management practices. We accomplish this tracking through a survey at intake and quarterly surveys of all families in our program. As our families move from poverty to self-sufficiency, we track these key metrics to measure progress. In addition to survey data, our family coach conducts a family functioning assessment at intake and on a quarterly basis. The family functioning assessment evaluates the stability of each familys shelter, nutrition, health care, employment, income/budget, adult education, childrens education, family relations, parenting, and risk of substance abuse or addiction. Results include: Dependency on cash aid from CalWorks has decreasedPath Finder's monthly income has risen from an average of $1,000 to over $2,000Avg. savings increased from $0 to $2,992 100% of Path Finders created a 529 account for their child(ren)Avg month since a preventive care check up went from 10 months at intake to 2months Avg time spent reading to children increased to 2 hours 6min./weekAvg time spent on math activities increased to 1hr. 42min/week Avg childs bedtime is now 8:53p.m. from 10:03p.m.Avg days without cell phone service dropped to 0.2 days/monthIn sum, first generation Path Finders report feeling more confident in their parenting along with having a stronger bond and understanding of their child(ren). Mothers also report an increase in the funds they are saving. All mothers have opened a 529 college savings account for their child(ren). Lastly, mothers report that framing their goal setting around the Cycle of Opportunity has helped to focus their efforts, and increased productivity. Mothers in the Path Finder program meet weekly with their family coach for support and monitoring progress towards self-sufficiency. Path Finder mothers meet as a cohort once a month in formal workshops addressing topics from childrens literacy to financial planning.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Sustainability: 7
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -99.1% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -49.1% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -57.8% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 4 of 4 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2016 to 2022
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.