Generation Pledge Inc

Nonprofit profile at a glance

EIN
842787951
IRS 990 coverage
2020–2024
Forms available
Form 990 2024, Form 990-N 2019
Location
Vauxhall, NJ, USA
Phone
2013811707
Rating
65
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Philanthropy, Charity, Voluntarism Promotion

Official website

Reported finances

Revenue
$1,523,460
Expenses
$1,347,647
Assets
$776,157
Liabilities
$7,079

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • SIDNEY EFROMOVICH (PRESIDENT AND CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • SIDNEY EFROMOVICH (PRESIDENT AND CHIEF EXECUTIVE OFFICER): $170,857 total reported compensation
  • MARINA FEFFER OELSNER (SECRETARY AND CHIEF DEVELOPMENT OFFICER): $147,630 total reported compensation
  • ZOE GUMM (TREASURER AND OPERATIONS DIRECTOR): $94,507 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Generation pledge, inc. (the organization"), located in vauxhall, New Jersey is a non-profit organization organized exclusively for the purpose of (a) growing a community of ultra high net wealth individuals and inheritors that will increase all forms of charitable giving and activities by encouraging, promoting and facilitating giving to charitable causes; and (b) serving as an educational resource that mobilizes people to make decisions and take actions, in all aspects of their life, that will have a positive impact and promote good with the goal of improving the world.

What it reported doing in 2024

Increasing all forms of charitable giving and activities by encouraging, promoting and facilitating giving to charitable causes recognized as qualifying under section 501(c)(3) of the internal revenue code of 1986 or corresponding provisions of any subsequent federal tax law (the "code"); and serving as an educational resource that mobilizes people to make decisions and take actions, in all aspects of their life, that will have a positive impact and promote good with the goal of improving the world.

Operating model

Revenue model
Donor-supported. 95% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most filed governance safeguards are in place. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 57
  • Transparency & Controls: 65
  • Accountability: 77
  • Sustainability: 47
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 57.4%; rating input score 57
  • Program expense ratio: 64.8%; rating input score 65
  • Fundraising efficiency: $9.87 raised per $1 spent on fundraising; rating input score 37; 37th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 60%; rating input score 60; 12th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 11.5%; rating input score 64; 64th percentile among comparable filings
  • Total-asset coverage ratio: 0.58; rating input score 27; 27th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 30.6%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: 44.6% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 28% per year; rating input score 100; 91st percentile among comparable filings
  • Asset growth: 36.5% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 57.4% of revenue deployed · 64.8% of spending went to programs
  • Governance: 3 of 5 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $874K in reported program spending
  • Leadership: top reported pay $171K · 6 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 4 contractors listed · $568K reported
  • Consistency: 20 of 20 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 57/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 37/100.
  • High — Sustainability: Total-asset coverage ratio scored 27/100.
  • High — Sustainability: Officer compensation ratio scored 7/100.