New Generations Foundation Inc

Nonprofit profile at a glance

EIN
833129647
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Alpharetta, GA, USA
Phone
6034568531
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Services N.E.C.

Official website

Reported finances

Revenue
$844,589
Expenses
$808,600
Assets
$56,754
Liabilities
$1,950

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

Leadership & pay

6 people listed

Executive titles in this filing

  • ALFONSO GONZALEZ (President)

People named in this filing

  • ALFONSO GONZALEZ (President)
  • DOUG KEARNEY (Director)
  • ROBERTO SANCHEZ MEJORADA (Treasurer)

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

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

Overview

Mission

Plan 2040 seeks to empower new generations with resources for lifelong success and resilience. Our comprehensive initiative is aimed at enhancing community development and opportunities for underserved children and families, focusing on health, education, family support, economic stability and spiritual growth.

What it reported doing in 2024

In 2024, the organization invested in delivering holistic, community-centered services through its Plan 2040 initiative in both Cuatro Cinegas and Colonia Independencia, Mexico. A total of $770,000 was contributed to support critical programs in healthcare, education, family support, spiritual development, and economic empowerment for underserved families.In the area of health, services reached hundreds of families: In Cuatro Cinegas, 84% of children maintained up-to-date vaccinations, 453 received growth monitoring, 400 benefited from nutritional support, and 198 expectant mothers accessed prenatal care.In Colonia Independencia, where health outcomes tracking will begin in 2025, 134 expectant mothers received prenatal care during the year.In education, the program provided academic continuity and early childhood development:81% of children in Cuatro Cinegas completed the school year, with 119 finishing three years of preschool.In Colonia Independencia, 30% of children completed their school year, and 33 completed three years of preschool, with expanded measurement systems being implemented in 2025.Family support services remained a cornerstone of impact in both communities:99.7% of children in Cuatro Cinegas obtained legal registration, and 12,992 support visits were conducted.In Colonia Independencia, 94.7% of children were legally registered, with 6,317 home visits completed to provide guidance and care.Spiritual development was prioritized through faith-based mentorship: In Cuatro Cinegas, 64% of children were baptized and 89% received regular spiritual guidance.In Colonia Independencia, 65% of children were baptized, with all receiving regular spiritual support.Economic empowerment initiatives helped families build greater financial stability: In Cuatro Cinegas, 145 community members received job training, and 70% of financial literacy course participants earned certification.In Colonia Independencia, 8 individuals were trained for employment to help support household livelihoods.Through these integrated efforts and as the lead program of grantee CODICC, Plan 2040 continues to drive highly transformative, long-term change for vulnerable families in both Cuatro Cinegas and Colonia Independencia, strengthening the foundations of health, education, stability, and hope across generations.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and most voting board members are independent. The filing does not identify recipients for some grant dollars and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 92
  • Transparency & Controls: 56
  • Accountability: 100
  • Sustainability: 40
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.2%; rating input score 91
  • Program expense ratio: 95.3%; rating input score 95
  • Fundraising efficiency: $105.57 raised per $1 spent on fundraising; rating input score 87; 87th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 2 of 8 controls in place; rating input score 25
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Pass
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 0%; rating input score 0; 13th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 4.3%; rating input score 48; 48th percentile among comparable filings
  • Total-asset coverage ratio: 0.07; rating input score 4; 4th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 57; 57th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 30.6% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 26.5% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: -22.3% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 91.2% of revenue deployed · 95.3% of spending went to programs
  • Governance: 6 of 6 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $770K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 21 of 22 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors and foreign activity
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • High — Transparency & Controls: Foreign activity oversight: 6 of 8 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 4/100.
  • Moderate — Sustainability: Operating margin scored 48/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Liabilities to assets ratio scored 57/100.