2025-11-14T14:27:22-06:00 2024-12-31 431985162 SMITH SULLIVAN & BROWN PC 80 FLANDERS ROAD SUITE 302 WESTBOROUGH MA 01581 990 2024-01-01 831059970 OUR GENERATION SPEAKS INC OURG 7817363899 415 SOUTH STREET MS035 WALTHAM MA 02452 ELLEN VARNEY CFOO 7817363899 2025-11-14 1 0 SANDRA M BROWN CPA P01614103 5088717178 2025-11-14 2024 2025-03-06 01:10:19Z ELLEN VARNEY 415 SOUTH STREET MS035 WALTHAM MA 02452 1544888 0 X WWW.OGSPEAKS.COM X 2018 DE TO CREATE AN ENTREPRENEURIAL COMMUNITY OF LEADERS TO SHAPE A MORE PEACEFUL ISRAELI-PALESTINIAN FUTURE BUILT ON TRUST. 11 11 5 53 0 0 4500393 1541832 0 0 0 243 1901 2813 4502294 1544888 500000 233749 0 0 1296846 1284519 0 0 452609 1113481 543549 2910327 2061817 1591967 -516929 4054804 3050248 810729 164528 3244075 2885720 X OUR MISSION IS TO CREATE AN ENTREPRENEURIAL COMMUNITY OF LEADERS TO SHAPE A MORE PEACEFUL ISRAELI-PALESTINIAN FUTURE BUILT ON TRUST. 0 1 948367 233749 0 THE ORGANIZATION PROVIDED FUNDING OF $73,429 TO VENTURES INITIATED AND OPERATED BY OGS FELLOWS AND ALUMNI IN THE FORM OF GRANTS AND LOANS. AS THESE ARE EARLY-STAGE STARTUPS THERE ARE VERY LOW EXPECTATIONS OF REPAYMENT OF LOANS AND ACCORDINGLY, THE LOANS ARE EXPENSED WHEN GRANTED AND ARE DEEMED NOT TO BE COLLECTIBLE. DURING THE YEAR ENDED DECEMBER 31, 2024, OGS PARTNERED WITH MASSACHUSETTS INSTITUTE OF TECHNOLOGY AND MASSCHALLENGE, KEY PARTNERS. THE FEES THEY PAID WERE TO COMPENSATE MIT AND MC FOR USE OF PROGRAM FACILITIES, FACULTY, LABS, HOUSING, ETC. IN 2024, THE ORGANIZATION WAS NOT ABLE TO CONDUCT ITS SUMMER FELLOWSHIP PROGRAM DUE TO IMPACTS OF THE ONGOING WAR.IN 2024, IN RESPONSE TO SEVERE HUMANITARIAN NEEDS OF OGS ALUMNI DIRECTLY IMPACTED BY THE WAR IN THE REGION, THE ORGANIZATION ESTABLISHED A BOARD-APPROVED RESTRICTED FUND: ALUMNI EMERGENCY RELIEF FUND (AERF, OR THE FUND). THE FUND PROVIDED DIRECT FINANCIAL ASSISTANCE TOTALING $160,320 DURING 2024. 948367 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X HEIDI ROSBE 7817363899 415 SOUTH STREET WALTHAM MA 02452 SARI RAPKIN CHAIR 1.00 X X 0 0 0 DAVID MENDELS VICE CHAIR 1.00 X X 0 0 0 PERRY SOLOMON TREASURER & SECRETARY 1.00 X X 0 0 0 TRACEY SPECTER DIRECTOR 1.00 X 0 0 0 SANDRA GOODSTEIN DIRECTOR 1.00 X 0 0 0 MEYER KOPLOW DIRECTOR 1.00 X 0 0 0 ELLIOT KATZMAN DIRECTOR 1.00 X 0 0 0 LESTER FAGEN DIRECTOR 1.00 X 0 0 0 SALLY OURIEFF DIRECTOR 1.00 X 0 0 0 MICHAEL FRIEZE DIRECTOR 1.00 X 0 0 0 BRADLEY BLOOM DIRECTOR 1.00 X 0 0 0 ARON AIN FORMER DIRECTOR 1.00 X 0 0 0 DEVAL PATRICK FORMER CHAIR 1.00 X 0 0 0 TRINE LUSTIG CHIEF ADVANCEMENT OFFICER 40.00 X 117867 0 7863 ELLEN VARNEY CHIEF FINANCE & OPS OFFICER 40.00 X 184288 0 19878 LOBNA AGBARIA EXECUTIVE DIRECTOR 40.00 X 283586 0 53343 585741 0 81084 3 0 1 0 0 895397 646435 1541832 243 243 CASH BACK REWARDS 900099 2813 2813 2813 1544888 0 0 3056 233749 233749 666824 184485 204991 277348 509300 300432 96745 112123 4384 4384 45118 18901 15351 10866 58893 22933 15590 20370 22410 22410 134716 134716 157491 26498 120309 10684 35245 3711 22198 9336 499 499 16607 6209 6792 3606 87403 87403 14030 14030 PROGRAM SUPPLIES & ACTI 53682 52501 553 628 DEVELOPMENT AND FUNDRAI 7458 275 7183 FOOD AND MEALS 7065 218 6382 465 HOUSING & SUPPORT FOR P 6943 6943 2061817 948367 660841 452609 1350402 1222752 498474 2654402 1329022 50000 0 4054804 3050248 295729 43528 515000 121000 810729 164528 X 646168 1678569 2597907 1207151 3244075 2885720 4054804 3050248 -516929 158574 0 X 0 1 X 1 1 1 X 261611 509930 2509892 4500393 1541832 9323658 261611 509930 2509892 4500393 1541832 9323658 1922892 7400766 29 243 272 10202 1901 2813 14916 9338846 0.79250 0.74260 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: RETURN OF GRANT - 2021 AMOUNT: $ 10,202. CASH BACK REWARDS - 2023 AMOUNT: $ 1,901. 2024 AMOUNT: $ 2,813. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1576150 31262 31262 1544888 0 1544888 2093079 31262 31262 2061817 0 2061817 0 MIDDLE EAST AND NORTH AFRICA - ISRAEL, WEST BANK, GAZA 0 0 GRANT MAKING & PROGRAM INVESTMENT. PROGRAM RECRUITMENT, FELLOWSHIP & EMERGENCY RELIEF ASSISTANCE 233749 0 0 0 0 0 0 233749 0 233749 COMMUNITY AND ECONOMIC DEVELOPMENT MIDDLE EAST AND NORTH AFRICA - ISRAEL, WEST BANK, GAZA 8 73429 WIRE TRANSFER N/A N/A ALUMNI EMERGENCY RELIEF FUND MIDDLE EAST AND NORTH AFRICA - ISRAEL, WEST BANK, GAZA 9 160320 WIRE TRANSFER N/A N/A 0 0 1 0 0 0 PART I, LINE 2: COMMUNITY & ECONOMIC DEVELOPMENT: TWO MEMBERS OF THE BOARD'S STARTUP GROWTH COMMITTEE OR ITS NETWORK OF COACHES ARE ASSIGNED TO EACH VENTURE. MEETINGS ARE HELD AT LEAST MONTHLY TO MONITOR PROGRESS AND ACTIVITIES OF THE VENTURES THAT RECEIVE GRANTS. THE STARTUP GROWTH COMMITTEE MEETS QUARTERLY WITH ALL FUNDED VENTURES AND REVIEWS THEIR QUARTERLY REPORTS. ALUMNI EMERGENCY RELIEF FUND: IN 2024, IN RESPONSE TO SEVERE HUMANITARIAN NEEDS OF OGS ALUMNI DIRECTLY IMPACTED BY THE WAR IN THE REGION, THE ORGANIZATION ESTABLISHED A BOARD-APPROVED RESTRICTED FUND: ALUMNI EMERGENCY RELIEF FUND (AERF, OR THE FUND). THE PURPOSE OF THE FUND IS TO PROVIDE IMMEDIATE, SHORT-TERM AND TRANSITIONAL FINANCIAL SUPPORT THROUGH GRANTS, FOR BASIC LIVING NEEDS AND ASSOCIATED EFFORTS TO REBUILD THEIR LIVES, OF OGS ALUMNI AND THEIR IMMEDIATE FAMILIES LOCATED IN, OR DISPLACED FROM, GAZA, ISRAEL, OR THE WEST BANK ("AFFECTED AREAS") DURING THE PENDENCY OF THE OCTOBER 7TH WAR AND THEREAFTER AS NECESSARY. THE FUND IS ADMINISTERED BY A FUND PANEL (THE "PANEL"), APPOINTED BY THE OGS BOARD OF DIRECTORS. THE PANEL CONSISTS OF AT LEAST THREE (3) MEMBERS, OF WHICH ONE IS A MEMBER OF OGS EXECUTIVE LEADERSHIP (CEO, CFO OR CAO) AND TWO ARE MEMBERS OF THE OGS BOARD OF DIRECTORS. ADDITIONAL MEMBERS, FROM EITHER EXECUTIVE LEADERSHIP OR THE BOARD, MAY BE APPOINTED BY THE BOARD AT ITS DISCRETION AS LONG AS THE MAJORITY OF THE PANEL ARE MEMBERS OF THE BOARD. THE PANEL RECOMMENDS GRANT AWARDS TO THE AUDIT COMMITTEE FOR APPROVAL AND DISBURSEMENT, SUBJECT TO FUNDS AVAILABILITY AND REGULATORY/COMPLIANCE REQUIREMENTS. FUNDS AVAILABILITY AND REGULATORY/COMPLIANCE REQUIREMENTS ARE AFFIRMED BY THE CFO PRIOR TO DISTRIBUTION. ALL OGS ALUMNI ARE ELIGIBLE TO APPLY FOR GRANTS. APPLICANTS FOR GRANTS ARE OGS ALUMNI WITH A DEMONSTRATED IMMEDIATE NEED FOR FINANCIAL SUPPORT FOR BASIC LIVING NEEDS AND ASSOCIATED EFFORTS TO REBUILD THEIR LIVES STEMMING FROM POST-OCTOBER 7 CONFLICT IN THE AFFECTED AREAS. ALL DISTRIBUTIONS REQUIRE THE APPROVAL OF A MAJORITY OF THE MEMBERS OF THE PANEL AND FINAL APPROVAL BY THE AUDIT COMMITTEE. ANY MEMBER OF THE PANEL WILL ABSTAIN FROM VOTING WHEN THERE IS A CONFLICT OF INTEREST. IF THERE IS AMBIGUITY REGARDING THE EXISTENCE OF A CONFLICT OF INTEREST, THE PANEL WILL SEEK GUIDANCE FROM THE AUDIT COMMITTEE. THE PANEL MAY RECOMMEND OTHER DISTRIBUTIONS IN ACCORDANCE WITH THE GUIDELINES SET FORTH IN THE ALUMNI EMERGENCY RELIEF FUND POLICY. PART I, LINE 3, COLUMN (F) THE ORGANIZATION USES THE ACCRUAL METHOD OF ACCOUNTING TO REPORT EXPENDITURES. X 0 0 0 0 0 0 0 0 0 LOBNA AGBARIA EXECUTIVE DIRECTOR 248586 0 35000 0 0 0 11897 0 41446 0 336929 0 0 0 ELLEN VARNEY CHIEF FINANCE & OPS OFFICER 184288 0 0 0 0 0 11250 0 8628 0 204166 0 0 0 FORM 990, PART III, LINE 3 THE OGS FELLOWSHIP PROGRAM, AS A PROGRAM DESIGNATED FOR ACTIVITIES IN ISRAEL AND THE PALESTINIAN TERRITORIES, CONTAINS INHERENT RISK OF OGS'S ABILITY TO DELIVER PROGRAMS DISRUPTED BY WAR AND CONFLICT. THE RISKS ARE RELATED TO THE ORGANIZATION'S ABILITY TO A) GATHER AND RECRUIT NEW FELLOWS WILLING TO WORK TOGETHER DURING TIMES OF EXTREME CONFLICT AND, B) PROVIDE FUNDING TO POTENTIAL ENTREPRENEURS IN THE ISRAEL AND THE PALESTINIAN TERRITORIES. SINCE OCTOBER 7, 2023, THERE HAS BEEN ONGOING CONFLICTS IN THE GAZA AND OTHER AREAS OF ISRAEL AND THE WEST BANK WHICH HAS IMPACTED THE ORGANIZATION'S OPERATIONS, BOTH IN TERMS OF PROVIDING FUNDING TO AWARDED ENTREPRENEURS AND THE POSSIBILITY OF FINDING FUTURE PROSPECTIVE FELLOWS. THE PLANNED FELLOWSHIP FOR THE SUMMER OF 2024 WAS LAUNCHED FOR RECRUITING IN EARLY 2024 AND WAS SUBSEQUENTLY CANCELLED AS A CONSEQUENCE OF ONGOING WAR IN THE REGION. EFFECTIVE FEBRUARY 26, 2025, WITH THE TERMINATION OF ITS USAID GRANT, OGS TURNED TO PRIVATE FUNDING TO CONTINUE ITS PROGRAMMING ON A SMALLER SCALE. OGS WAS ABLE TO COMPLETE A FELLOWSHIP IN THE SUMMER OF 2025 AND TO FUND COMMITMENTS TO ITS NEW VENTURES. DISRUPTION TO OGS'S ABILITY TO RECRUIT AND HOST FUTURE FELLOWSHIPS REMAINS AT RISK DUE TO CONTINUING WAR IN THE REGION. IN ADDITION, OGS ESTABLISHED AN EMERGENCY RELIEF FUND FOR ITS ALUMNI FURTHER DETAILED ON SCHEDULE F. FORM 990, PART VI, SECTION A, LINE 2 AS OF DECEMBER 30, 2024, SARI RAPKIN, CHAIR OF THE BOARD, IS MARRIED TO MEYER KOPLOW, BOARD DIRECTOR. ADDITIONALLY, SANDRA GOODSTEIN, BOARD DIRECTOR, IS MEYER KOPLOW AND SARI RAPKIN'S SISTER-IN-LAW. FORM 990, PART VI, SECTION B, LINE 11B REVIEWED BY THE AUDIT COMMITTEE AND CIRCULATED TO THE BOARD BEFORE FILING FOR COMMENT. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REQUIRES AN ANNUAL DECLARATION FROM ALL BOARD MEMBERS AND OFFICERS AS TO THE EXISTENCE AND DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST. THE BOARD MEMBERS AND OFFICERS SIGN AN ANNUAL DISCLOSURE STATEMENT. ANY POTENTIAL CONFLICTS WILL BE DISCUSSED BY THE DIS-INTERESTED BOARD MEMBERS, WHILE THE PARTY IN POTENTIAL CONFLICT WILL BE REQUIRED TO LEAVE THE MEETING. WHEN APPLICABLE, BOARD MEETING MINUTES WILL DOCUMENT THE DISCUSSION AND DECISION MAKING PROCESS. IN THE EVENT OF A POTENTIAL CONFLICT, PROCEDURES TO OBTAIN COMPETITIVE BIDS AND DILIGENCE ON FAIR VALUE WILL BE ESTABLISHED. FORM 990, PART VI, SECTION B, LINE 15 SOME OF THE ORGANIZATION'S EMPLOYEES ARE PAID THROUGH AN ADMINISTRATIVE ARRANGEMENT WITH BRANDEIS UNIVERSITY. HOWEVER THE BOARD OF OGS REMAINS RESPONSIBLE FOR THE HIRING, RECRUITMENT AND GOVERNANCE OF ITS STAFF. EXECUTIVE COMPENSATION PROGRAM IS ADMINISTERED BY THE BOARD OF DIRECTORS THROUGH ITS PERSONNEL COMMITTEE. THE PERSONNEL COMMITTEE IS RESPONSIBLE FOR ESTABLISHING AND MAINTAINING A COMPETITIVE COMPENSATION PROGRAM FOR THE KEY EXECUTIVES OF THE ORGANIZATION. THE COMMITTEE MEETS AS NEEDED TO REVIEW THE COMPENSATION PROGRAM AND MAKE RECOMMENDATIONS FOR ANY CHANGES TO THE BOARD, AS APPROPRIATE. A PERFORMANCE EVALUATION IS CONDUCTED AND REVIEWED IN THE SPRING OF EACH YEAR AND IS INTENDED TO ENSURE THAT THE COMPENSATION PROGRAM FALLS WITHIN A REASONABLE RANGE OF COMPETITIVE PRACTICES FOR COMPARABLE POSITIONS AMONG SIMILARLY SITUATED ORGANIZATIONS. FOLLOWING THIS REVIEW, THE COMMITTEE REVIEWS AND APPROVES, FOR SELECTED KEY EXECUTIVES, BASE SALARIES AND ANNUAL INCENTIVE OPPORTUNITY ADJUSTMENTS, AND OBJECTIVES AND GOALS FORTH-UPCOMING YEAR'S ANNUAL INCENTIVE PLAN. THE COMMITTEE REVIEWS AND RECOMMENDS TO THE BOARD SALARY APPROVAL AND INCENTIVE AWARDS FOR THE EXECUTIVE DIRECTOR AND SELECTED KEY SENIOR STAFF. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE ON REQUEST