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Nonprofit · EIN 43-1988272

GENERATIONS INC

Also known as CGS ACADEMY

Tax-exempt · ROSWELL, NM 88201

Financials

$889K$955K2023$956K$944K2024
Revenue Expenses · by fiscal year end
Financials of GENERATIONS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$955,577$943,845$11,732$347,201$169,667$177,534
December 31, 2023990$889,431$955,350-$65,919$352,184$186,382$165,802
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$955,577
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$121,543
Salaries, compensation and benefits (total)
$648,354
Professional fundraising fees
$0
Accounting fees
$714
Occupancy
$66,309
Travel
$1,179
Depreciation
$38,036
Program services (functional)
$739,238
Management and general (functional)
$204,607

Balance sheet and other

Total assets, start of year
$352,184
Total assets, end of year
$347,201
Total liabilities, end of year
$169,667
Net assets, end of year
$177,534
Land, buildings and equipment
$320,603
Gross receipts
$955,577
Employees
35
Year formed
2003
State of legal domicile
NM

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 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
JERI KEYV-PRES/TREASURER
Trustee or director, Officer
40$121,543
JACKIE SAPPINGTONPRESIDENT
Trustee or director, Officer
1$0
KATRINA RHORBACHERDIRECTOR
Trustee or director
1$0
TARYN HOUGHTALINDIRECTOR
Trustee or director
1$0
JANA COOPERDIRECTOR
Trustee or director
1$0
CHRISTOPHER NAVADIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
JERI KEYV-PRES/TREASURER
Trustee or director, Officer
40$74,076
JACKIE SAPPINGTONPRESIDENT
Trustee or director, Officer
1$0
KATRINA RHORBACHERDIRECTOR
Trustee or director
1$0
TARYN HOUGHTALINDIRECTOR
Trustee or director
1$0
JANA COOPERDIRECTOR
Trustee or director
1$0
CHRISTOPHER NAVADIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
2601 W BERRENDO RD, ROSWELL, NM 88201-9700
In care of
% JERI KEY
Principal officer (990 for 2024)
JERI KEY, 2601 W BERRENDO, ROSWELL, NM 88201
Signed the 990
JERI KEY, President
Phone
(575) 622-2242
Return prepared by
Cooper & Amador CPA PC

Mission

TO EDUCATE AND CARE FOR CHILDREN AGES SIX WEEKS THRU EIGHT YEARS OLD.

990 for the year ended December 31, 2024

Program accomplishments

  • GENERATIONS OF LEARNING IS A YEAR-ROUND, EARLY EDUCATION CENTER SERVING OVER 200 CHILDREN AND FAMILIES IN CHAVES COUNTY. GENERATIONS SERVES CHILDREN AGES SIX WEEKS THRU EIGHT YEARS.
    Expenses $739,238 · revenue $955,577

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
43-1988272
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2005
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B21)
Assets (IRS master file)
$347,201
Income (IRS master file)
$955,577

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$889,431$955,350$352,184IRS
990December 2022$854,284$816,285$470,250IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about GENERATIONS INC

What is the EIN of GENERATIONS INC?
The employer identification number (EIN) of GENERATIONS INC is 43-1988272.
Is GENERATIONS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
Are donations to GENERATIONS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GENERATIONS INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of GENERATIONS 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 GENERATIONS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of GENERATIONS INC?
The 990 for the year ended December 31, 2024 names JERI KEY.
Who are the officers and directors of GENERATIONS INC?
The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $121,543 (JERI KEY, V-PRES/TREASURER).
How much revenue does GENERATIONS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $955,577, expenses of $943,845 and total assets of $347,201 at year end.

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