RESOURCE GENERATION INC

EIN: 271847561 501(c)(3) Philanthropy & Grantmaking

NEW YORK, NY

Total Revenue
$3,935,933
Total Expenses
$3,947,149
Total Assets
$3,127,270
Net Assets
$2,914,805
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NY
Principal Officer
YAHYA ALAZRAK
Phone
3477096290
Tax Period
2023-01-01 to 2023-12-31

RESOURCE GENERATION INC, founded in 2010, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.9M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

RESOURCE GENERATION ORGANIZES YOUNG PEOPLE WITH WEALTH AND CLASS PRIVILEGE IN THE U.S. TO BECOME TRANSFORMATIVE LEADERS WORKING TOWARDS THE EQUITABLE DISTRIBUTION OF WEALTH, LAND AND POWER.

Program Service Accomplishments

Program 1
Expenses: $2,516,982 Revenue: $160,251

NATIONAL ORGANIZINGRESOURCE GENERATION ORGANIZES YOUNG (18-35), WEALTHY PEOPLE FROM ACROSS THE U.S. TO LEVERAGE THEIR RESOURCES, PRIVILEGE AND RELATIONSHIPS TO MAKE LASTING STRUCTURAL CHANGE IN...

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NATIONAL ORGANIZINGRESOURCE GENERATION ORGANIZES YOUNG (18-35), WEALTHY PEOPLE FROM ACROSS THE U.S. TO LEVERAGE THEIR RESOURCES, PRIVILEGE AND RELATIONSHIPS TO MAKE LASTING STRUCTURAL CHANGE IN PARTNERSHIP WITH THOSE MOST TARGETED BY INCOME INEQUALITY AND CLASS OPPRESSION. THE BROADER RESOURCE GENERATION COMMUNITY INCLUDES PEOPLE OF ALL AGES AND CLASS BACKGROUNDS WHO SUPPORT THE ROLE THAT YOUNG PEOPLE WITH WEALTH PLAY IN SOCIAL CHANGE. RG HAS 17 CHAPTERS AROUND THE U.S., AND WE FOCUS ON DEVELOPING LEADERS THROUGH STORYTELLING, PEER-LED LEARNING AND ACTION. RG SUPPORTS MEMBERS TO ENGAGE IN COLLECTIVE ACTION THROUGH LOCAL CHAPTERS, NATIONAL CAMPAIGNS, INNOVATIVE FUNDING MODELS, AND IN THEIR FAMILY'S PHILANTHROPY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,743,102
Program Service Revenue $160,251
Investment Income $31,183
Other Revenue $1,397
TOTAL REVENUE $3,935,933

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,838,385
Fundraising Expenses $282,339
Program Expenses $2,516,982
Other Expenses $1,108,764
TOTAL EXPENSES $3,947,149

Year-over-Year Comparison

2023 2022 Change
Revenue $3,935,933 $3,432,364 +0.1%
Expenses $3,947,149 $3,501,753 +0.1%
Net Income $-11,216 $-69,389 -0.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
11
Employees
25
Volunteers
12

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$133,545
Total Directors
13
$133,545
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAC LIMAN PRESIDENT 1.00
Officer Director
$0 $0 $0
OONA CHATTERJEE VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
CHARLES LONG TREASURER 1.00
Officer Director
$0 $0 $0
SIAN SINGH O'FAOLIN SECRETARY 1.00
Officer Director
$0 $0 $0
TRISHALA DEB CO-CHAIR (THROUGH 3/2024) 1.00
Officer Director
$0 $0 $0
ELIZABETH BALDWIN BOARD MEMBER 1.00
Director
$0 $0 $0
TIFFANY BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
HOLLY FETTER BOARD MEMBER 1.00
Director
$0 $0 $0
SARAH FRANK BOARD MEMBER 1.00
Director
$0 $0 $0
JERROD MACFARLANE BOARD MEMBER 1.00
Director
$0 $0 $0
CARLOS ROJAS ALVAREZ BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS WESTCOTT BOARD MEMBER 1.00
Director
$0 $0 $0
YAHYA ALAZRAK EXECUTIVE DIRECTOR 40.00
Officer Director
$108,886 $24,659 $133,545
FAISAL ALAM DEPUTY DIRECTOR 40.00
Highest
$110,186 $25,673 $135,859
EKUNDAYO IGELEKE MULTIRACIAL BASEBUILDING MANAGER 40.00
Highest
$109,767 $60,198 $169,965
SHONETTIA SMITH DIRECTOR OF PEOPLE & CULTURE 40.00
Highest
$104,604 $25,204 $129,808
CATHERINE WANG SENIOR ORGANIZER - PACIFIC REGION 40.00
Highest
$101,299 $16,491 $117,790
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $3,935,933 $3,947,149 $3,127,270 $-11,216
2022 $3,432,364 $3,501,753 $3,022,699 $-69,389
2021 $3,226,740 $3,200,390 $3,097,699 $26,350
2020 $3,077,392 $2,678,737 $2,985,675 $398,655
2019 $3,071,701 $2,145,697 $2,579,909 $926,004
2018 $2,063,475 $1,653,979 $1,612,923 $409,496
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