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Nonprofit · EIN 84-2787951

GENERATION PLEDGE INC

Tax-exempt · VAUXHALL, NJ 07088

Financials

$857K$904K2023$1.5M$1.3M2024
Revenue Expenses · by fiscal year end
Financials of GENERATION PLEDGE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,523,460$1,347,647$175,813$776,157$7,079$769,078
December 31, 2023990$857,264$904,144-$46,880$603,481$10,216$593,265
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,446,525
Program service revenue
$76,935
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$318,487
Salaries, compensation and benefits (total)
$318,487
Professional fundraising fees
$0
Travel
$42,687
Program services (functional)
$873,949
Management and general (functional)
$327,127
Fundraising (functional)
$146,571

Balance sheet and other

Total assets, start of year
$603,481
Total assets, end of year
$776,157
Total liabilities, end of year
$7,079
Net assets, end of year
$769,078
Net assets without donor restrictions
$769,078
Gross receipts
$1,523,460
Employees
0
Volunteers
0
Year formed
2019
State of legal domicile
DE

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
SIDNEY EFROMOVICHPRESIDENT AND CHIEF EXECUTIVE OFFICER
Trustee or director, Officer
40$170,857
MARINA FEFFER OELSNERSECRETARY AND CHIEF DEVELOPMENT OFFICER
Trustee or director, Officer
40$147,630
ZOE GUMMTREASURER AND OPERATIONS DIRECTOR
Officer
40$94,507
HEDDA PAHLSON-MOLLERINDEPENDENT BOARD DIRECTOR
Trustee or director
1$0
MEHUL BHAGATINDEPENDENT BOARD DIRECTOR
Trustee or director
1$0
MEGAN O'BRIEN LOWERYINDEPENDENT BOARD DIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
SIDNEY EFROMOVICHPRESIDENT
Trustee or director, Officer
40$171,037
MARINA FEFFER OELSNERCHIEF DEVELOPMENT OFFICER
Trustee or director, Officer
40$142,244
ZOE GUMMTREASURER
Officer
40$80,920
HEDDA PAHLSON-MOLLERINDEPENDENT DIRECTOR
Trustee or director
1$0
KURT PELEMANINDEPENDENT DIRECTOR
Trustee or director
1$0
MEHUL BHAGATINDEPENDENT DIRECTOR
Trustee or director
1$0
MEGAN O'BRIEN LOWERYINDEPENDENT DIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1035 2933 VAUXHALL ROAD 7, VAUXHALL, NJ 07088-0000
Mailing address (990-N for 2019)
1209 Orange Street, Wilmington DE 19801
Principal officer (990 for 2024)
SIDNEY EFROMOVICH, 1035 2933 VAUXHALL ROAD 7, VAUXHALL, NJ 07088
Principal officer (990-N for 2019)
Sidney Efromovich, 153 E 87th St apt 3A, New York NY 10128
Signed the 990
ZOE GUMM, TREASURER
Phone
(201) 381-1707
Return prepared by
D K WEISS HOLT & ASSOCIATES PLLC

Mission

GENERATION PLEDGE, INC. (THE ORGANIZATION"), LOCATED IN VAUXHALL, NEW JERSEY IS A NON-PROFIT ORGANIZATION ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF (A) GROWING A COMMUNITY OF ULTRA HIGH NET WEALTH INDIVIDUALS AND INHERITORS THAT WILL INCREASE ALL FORMS OF CHARITABLE GIVING AND ACTIVITIES BY ENCOURAGING, PROMOTING AND FACILITATING GIVING TO CHARITABLE CAUSES; AND (B) SERVING AS AN EDUCATIONAL RESOURCE THAT MOBILIZES PEOPLE TO MAKE DECISIONS AND TAKE ACTIONS, IN ALL ASPECTS OF THEIR LIFE, THAT WILL HAVE A POSITIVE IMPACT AND PROMOTE GOOD WITH THE GOAL OF IMPROVING THE WORLD.

990 for the year ended December 31, 2024

Program accomplishments

  • INCREASING ALL FORMS OF CHARITABLE GIVING AND ACTIVITIES BY ENCOURAGING, PROMOTING AND FACILITATING GIVING TO CHARITABLE CAUSES RECOGNIZED AS QUALIFYING UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 OR CORRESPONDING PROVISIONS OF ANY SUBSEQUENT FEDERAL TAX LAW (THE "CODE"); AND SERVING AS AN EDUCATIONAL RESOURCE THAT MOBILIZES PEOPLE TO MAKE DECISIONS AND TAKE ACTIONS, IN ALL ASPECTS OF THEIR LIFE, THAT WILL HAVE A POSITIVE IMPACT AND PROMOTE GOOD WITH THE GOAL OF IMPROVING THE WORLD.
    Expenses $873,949 · revenue $76,935

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
84-2787951
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2020
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$776,157
Income (IRS master file)
$1,523,460

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,523,460$1,347,647$776,157XML
990December 2023$857,264$904,144$603,481XML
990December 2022$888,905$511,681$646,169IRS
990December 2021–––IRS
990December 2020–––IRS
990-N for 2019
Officer: Sidney Efromovich
December 31, 2019≤ $50,000 receipts––e-Postcard

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 84-2787951).

Questions about GENERATION PLEDGE INC

What is the EIN of GENERATION PLEDGE INC?
The employer identification number (EIN) of GENERATION PLEDGE INC is 84-2787951.
Is GENERATION PLEDGE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to GENERATION PLEDGE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GENERATION PLEDGE 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 GENERATION PLEDGE 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 PLEDGE 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 GENERATION PLEDGE INC?
The 990 for the year ended December 31, 2024 names SIDNEY EFROMOVICH.
Who are the officers and directors of GENERATION PLEDGE INC?
The 990 for the year ended December 31, 2024 lists 6 people; 3 received compensation from the organization, the highest $170,857 (SIDNEY EFROMOVICH, PRESIDENT AND CHIEF EXECUTIVE OFFICER).
How much revenue does GENERATION PLEDGE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,523,460, expenses of $1,347,647 and total assets of $776,157 at year end.

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