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LIBERATION IN A GENERATION INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
LIBERATION IN A GENERATION INC (EIN 93-4009651)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-15
IRS object ID
202413209349318321
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-15T15:13:30-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN202153727PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SB & COMPANY LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line110200 GRAND CENTRAL AVE SUITE 250AddressLine1Txt
CityOWINGS MILLSCityNm
State AbbreviationMDStateAbbreviationCd
ZIP21117ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN934009651EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LIBERATION IN A GENERATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLIBEBusinessNameControlTxt
Phone4152766538PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line19435 LORTON MARKET STREET 801AddressLine1Txt
CityLORTONCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22079ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJEREMIE GREERPersonNm
Person TitleCO-EXECUTIVE DIRECTORPersonTitleTxt
Phone4152766538PhoneNum
Signature2024-11-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPAMELA GRAYPreparerPersonNm
PTINP01237506PTIN
Phone4105840060PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Initial ReturnYes (X)InitialReturnInd
Principal OfficerJEREMIE GREERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line19435 LORTON MARKET STREET 801AddressLine1Txt
CityLORTONCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22079ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,101,239GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressHTTPS://WWW.LIBERATIONINAGENERATION.ORG/WebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2024FormationYr
Legal Domicile StateVALegalDomicileStateCd
Activity Or MissionWE AIM TO CREATE POLITICAL AND ECONOMIC CHANGE WHERE PEOPLE OF COLOR PROSPER. THIS MEANS TEARING DOWN SYSTEMS OF OPPRESSION THAT EXTRACT FROM, DEVALUE, AND EXPLOIT BLACK, LATINE, LOW AND MODERATE INCOME ASIAN, AND INDIGENOUS PEOPLE. IT MEANS BUILDING A LIBERATION ECONOMY WHERE ALL PEOPLE OF COLOR HAVE OUR BASIC NEEDS MET, ARE SAFE FROM HARM, ARE VALUED, AND BELONG.ActivityOrMissionDesc
Voting Members Governing Body0VotingMembersGoverningBodyCnt
Voting Members Independent0VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
CY Contributions Grants$1,100,001CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$1,238CYOtherRevenueAmt
CY Total Revenue$1,101,239CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$180CYTotalFundraisingExpenseAmt
CY Other Expenses$10,089CYOtherExpensesAmt
CY Total Expenses$10,089CYTotalExpensesAmt
CY Revenues Less Expenses$1,091,150CYRevenuesLessExpensesAmt
Total Assets EOY$1,094,900TotalAssetsEOYAmt
Total Liabilities EOY$3,750TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances EOY$1,091,150NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionLIBERATION IN A GENERATION (LIBGEN) IS A MOVEMENT SUPPORT ORGANIZATION DEDICATED TO ADVANCING THE ECONOMIC LIBERATION OF PEOPLE OF COLOR WITHIN ONE GENERATION. FORMED IN 2019, LIBGEN IS DEDICATED TO BUILDING THE POWER OF PEOPLE OF COLOR TO TOTALLY TRANSFORM THE ECONOMYWHO CONTROLS IT, HOW IT WORKS, AND MOST IMPORTANTLY, FOR WHOM. WE BRING TOGETHER ADVOCATES, COMMUNITY ORGANIZERS, ECONOMISTS, AND OTHER PROVEN AND EMERGING LEADERS OF COLOR ACROSS THE COUNTRY TO BUILD A LIBERATION ECONOMY, WITHIN ONE GENERATION.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$8,655ExpenseAmt
DescLIBERATION IN A GENERATION (LIBGEN) IS A MOVEMENT SUPPORT ORGANIZATION DEDICATED TO ADVANCING THE ECONOMIC LIBERATION OF PEOPLE OF COLOR WITHIN ONE GENERATION. FORMED IN 2019, LIBGEN IS DEDICATED TO BUILDING THE POWER OF PEOPLE OF COLOR TO TOTALLY TRANSFORM THE ECONOMYWHO CONTROLS IT, HOW IT WORKS, AND MOST IMPORTANTLY, FOR WHOM. WE BRING TOGETHER ADVOCATES, COMMUNITY ORGANIZERS, ECONOMISTS, AND OTHER PROVEN AND EMERGING LEADERS OF COLOR ACROSS THE COUNTRY TO BUILD A LIBERATION ECONOMY, WITHIN ONE GENERATION.Desc
Total Program Service Expenses$8,655TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members0GoverningBodyVotingMembersCnt
Independent Voting Member0IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing Body0MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn0AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc0RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ANA MARIA ARGUDO-LORDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4152766538PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line19435 LORTON MARKET STREET 801AddressLine1Txt
CityLORTONCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22079ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp

FieldValueIRS element (for citing)
PersonANA MARIA ARGUDO-LORDPersonNm
TitleCHIEF OPERATIONS OFFICERTitleTxt
Average Hours Per Week40.00AverageHoursPerWeekRt
OfficerYes (X)OfficerInd
Reportable Comp From Org$0ReportableCompFromOrgAmt
Reportable Comp From Rltd Org$0ReportableCompFromRltdOrgAmt
Other Compensation$0OtherCompensationAmt
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$1,100,001AllOtherContributionsAmt
Total Contributions$1,100,001TotalContributionsAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescREIMBURSEMENT INCOMEDesc
Business900099BusinessCd
Total Revenue Column$1,238TotalRevenueColumnAmt
Related Or Exempt Func Income$1,238RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,238OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,101,239TotalRevenueColumnAmt
Related Or Exempt Func Income$1,238RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$3,750TotalAmt
Program Services$3,750ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$6,199TotalAmt
Program Services$4,905ProgramServicesAmt
Management And General$1,114ManagementAndGeneralAmt
Fundraising$180FundraisingAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmt
DUES AND SUBSCRIPTIONS$100$100
PROCESSING FEES$40$40

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$10,089TotalAmt
Program Services$8,655ProgramServicesAmt
Management And General$1,254ManagementAndGeneralAmt
Fundraising$180FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
EOY$1,093,749EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$1,151EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$1,094,900EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
EOY$3,750EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$3,750EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
EOY$1,091,150EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$1,091,150EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$1,094,900EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,091,150ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year$1,100,001CurrentTaxYearAmt
Total$1,100,001TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year$1,100,001CurrentTaxYearAmt
Total$1,100,001TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$1,100,001PublicSupportTotal170Amt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year$1,238CurrentTaxYearAmt
Total$1,238TotalAmt
FieldValueIRS element (for citing)
Total Support$1,101,239TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 8ATHE ORGANIZATION DID NOT HOLD ANY OFFICIAL BOARD MEETINGS IN 2023.
FORM 990, PART VI, SECTION A, LINE 8BTHE ORGANIZATION DID NOT HOLD ANY OFFICIAL BOARD MEETINGS IN 2023.
FORM 990, PART VI, SECTION B, LINE 11BLIBERATION IN A GENERATION IS AUDITED ANNUALLY BY AN INDEPENDENT EXTERNAL AUDITOR. THE AUDITED FINANCIAL STATEMENTS ARE THE AUDITOR'S ATTESTATION THAT THE FINANCIAL RECORDS OF THE ORGANIZATION ARE COMPLETE AND ACCURATE FOR THE FISCAL YEAR AUDITED. THESE STATEMENTS ARE DISTRIBUTED TO BOARD MEMBERS, SENIOR MANAGEMENT, AND FUNDERS. THIS PROCESS WAS NOT PUT IN PLACE UNTIL 2024.
FORM 990, PART VI, SECTION C, LINE 19AVAILABLE UPON REQUEST.
FORM 990, PART IX, LINE 11GCONSULTANT AND CONTRACTORS: PROGRAM SERVICE EXPENSES 3,750. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,750.

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