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Nonprofit · EIN 27-2993973

GENERATION FUND INC

Tax-exempt · BURLINGTON, VT 05402

Financials

$1M$7.3M2023$2M$6.2M2024
Revenue Expenses · by fiscal year end
Financials of GENERATION FUND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$2,027,412$6,214,831-$4,187,419$39,670,379$0$39,670,379
December 31, 2023990-PF$1,028,374$7,297,252-$6,268,878$41,670,767$0$41,670,767
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$370,018
Interest
$30,644
Net gain from sales of assets
$1,616,377
Other income
$10,373

Expenses

Grants and similar amounts paid
$5,859,986
Compensation of officers, directors and key employees
$45,000
Disbursements for charitable purposes
$5,948,578
Excise tax on investment income
$25,784

Balance sheet and other

Total assets, start of year
$41,670,767
Total assets, end of year
$39,670,379
Total liabilities, end of year
$0
Net assets, end of year
$39,670,379
Fair market value of assets
$39,670,379
Qualifying distributions
$5,948,578
Net investment income
$2,107,239

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
AUSTIN HART CO DINSE PC
209 BATTERY ST PO BOX 988, BURLINGTON, VT 05402
PRESIDENT2$15,000
WALLACE TAPIA CO DINSE PC
209 BATTERY ST PO BOX 988, BURLINGTON, VT 05402
TREASURER3.5$15,000
PETER BROWN CO DINSE PC
209 BATTERY ST PO BOX 988, BURLINGTON, VT 05402
SECRETARY1$15,000
E RUSSELL PEACH IV CO DINSE PC
209 BATTERY ST PO BOX 988, BURLINGTON, VT 05402
ASSISTANT TREASURER - THRU 6/27/20241$0
MEREDITH MURPHY CO DINSE PC
209 BATTERY ST PO BOX 988, BURLINGTON, VT 05402
ASSISTANT TREASURER - BEGAN 5/16/20241$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
AUSTIN HART CO DINSE PC
209 BATTERY ST PO BOX 988, BURLINGTON, VT 05402
PRESIDENT2$15,000
WALLACE TAPIA CO DINSE PC
209 BATTERY ST PO BOX 988, BURLINGTON, VT 05402
TREASURER2.5$15,000
PETER BROWN CO DINSE PC
209 BATTERY ST PO BOX 988, BURLINGTON, VT 05402
SECRETARY1$15,000
E RUSSELL PEACH IV CO DINSE PC
209 BATTERY ST PO BOX 988, BURLINGTON, VT 05402
ASSISTANT TREASURER1$0

Address and contacts

Address (IRS master file)
PO BOX 988, BURLINGTON, VT 05402-0988
In care of
% DINSE KNAPP & MCANDREW
Signed the 990-PF
WALLACE W TAPIA CPA, TREASURER
Phone
(802) 864-5751
Return prepared by
PKF O'CONNOR DAVIES ADVISORY LLC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
27-2993973
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2010
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$39,670,379
Income (IRS master file)
$6,267,449

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$2,027,412$6,214,831$39,670,379XML
990-TDecember 2024–––IRS
990-PFDecember 2023$1,028,374$7,297,252$41,670,767XML
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-2993973).

Questions about GENERATION FUND INC

What is the EIN of GENERATION FUND INC?
The employer identification number (EIN) of GENERATION FUND INC is 27-2993973.
Is GENERATION FUND INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
Are donations to GENERATION FUND INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does GENERATION FUND INC file?
Form 990-PF. Private foundations file every year.
When is the next return of GENERATION FUND INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GENERATION FUND INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of GENERATION FUND INC?
The 990-PF for the year ended December 31, 2024 lists 5 people; 3 received compensation from the organization, the highest $15,000 (AUSTIN HART CO DINSE PC, PRESIDENT).
How much revenue does GENERATION FUND INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,027,412, expenses of $6,214,831 and total assets of $39,670,379 at year end.

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