Generation Diamond Corporation

EIN: 812162843 501(c)(3) Arts, Culture & Humanities

Omaha, NE

Total Revenue
$946,906
Total Expenses
$769,108
Total Assets
$1,238,451
Net Assets
$349,888
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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NE
Principal Officer
Blanca Mejia
Phone
4028137153
Tax Period
2024-01-01 to 2024-12-31

Generation Diamond Corporation, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $947K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $178K, a strong 19% operating margin.

Mission

Generation Diamond exists to empower adults who are 19 and older through transitional programs and services to succeed in building a secure and stable future. We assist with immediate needs after significant disruptions and offer longer-term programs that provide intentional support, direction and hope. We believe everyone deserves a chance. And then another.

Program Service Accomplishments

Program 1
Expenses: $578,542 Revenue: $78

Generation Diamond empowers adults aged 19 and older through transitional programs and services to succeed in building a secure and stable future for its participants. Addressing Immediate Needs - A...

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Generation Diamond empowers adults aged 19 and older through transitional programs and services to succeed in building a secure and stable future for its participants. Addressing Immediate Needs - A strong foundation is the first step toward rebuilding a stable future. Our Stabilization and Reintegration Support services ensure that individuals can access critical necessities, including emergency clothing, cold breakfast and lunch, bus tickets, and essential employment documents such as identification, birth certificates, and Social Security cards. By addressing these immediate needs, we help participants overcome barriers, regain stability, and take meaningful steps toward long-term success.Skill Development - Building a Pathway to Stability. True success begins with a strong foundation of personal and professional skills. Our Skill Development program enhances mental and physical well-being while fostering essential life and career skills. Participants gain the confidence and capabilities to thrive through wellness classes like Zumba, soft skills, anger management, and computer literacy. Our employment support includes job application assistance, online job search guidance, and connections to staffing agencies and community programs, ensuring individuals have the resources to secure meaningful employment. By prioritizing holistic growth, we help individuals build resilience, improve their employability, and create a path toward long-term success. In addition, some of these participants in the case management program were referred to different programs and services in the community to obtain housing assistance, transitional houses, drug and alcohol addiction rehabilitation treatment centers, and employment opportunities. In 2024, 208 people utilized the Generation Diamond tattoo removal program to better present themselves to potential employers, 2,325 hygiene services were provided, and 6,666 cold breakfasts and lunches were served to individuals and provided by Little Caesars, Stephen Center, Whispering Roots, Holy Family/St. Vicent de Paul, Empty Tomb, Trinity Episcopal Church, Saving Grace, Jagged River Community Initiative.

Program 2
Expenses: $12,525 Revenue: $0

Mental Health - Generation Diamond has a new partnership with United Healing Counseling, LLC. Maria Elena Correa with United Healing helps Generation Diamond by providing Trauma group therapy for...

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Mental Health - Generation Diamond has a new partnership with United Healing Counseling, LLC. Maria Elena Correa with United Healing helps Generation Diamond by providing Trauma group therapy for participants needing Mental Health assistance. Classes provided were anger management, MRT, soft skills, meditation, computer literacy, and Narcan medication by O.NE Mentoring, DCHD, AIM, and Dr. Jeffrey Walker. The primary purpose by providing these classes is to help our participants integrate into our community faster and more easily.

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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 (2024)

Revenue Breakdown

Contributions & Grants $929,837
Program Service Revenue $78
Investment Income $16,991
Other Revenue $0
TOTAL REVENUE $946,906

Expense Breakdown

Grants Paid $0
Salaries & Benefits $249,280
Fundraising Expenses $45,375
Program Expenses $591,067
Other Expenses $507,129
TOTAL EXPENSES $769,108

Year-over-Year Comparison

2024 2023 Change
Revenue $946,906 $805,258 +0.2%
Expenses $769,108 $712,985 +0.1%
Net Income $177,798 $92,273 +0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
4
Employees
18
Volunteers
287

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
5
$92,794
Total Directors
5
$2,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Eros Mejia-Hernandez President 1.00
Officer Director
$2,000 $0 $2,000
Rigoberto Perez-Fuentez Treasurer 1.00
Officer Director
$0 $0 $0
Marina Rosado Secretary 1.00
Officer Director
$0 $0 $0
Pierre Sagitteh Vice President 1.00
Officer Director
$0 $0 $0
Aban Laa Director 1.00
Director
$0 $0 $0
Blanca Mejia Executive Director 40.00
Officer
$90,794 $0 $90,794
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 $946,906 $769,108 $1,238,451 $177,798
2023 $805,258 $712,985 $205,606 $92,273
2022 $797,266 $781,373 $95,788 $15,893
2021 $418,448 $370,913 $89,895 $47,535
2020 $273,544 $270,322 $38,586 $3,222
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