2024-11-13T10:15:39-06:00 2022-12-31 431985162 SMITH SULLIVAN & BROWN PC 80 FLANDERS ROAD SUITE 302 WESTBOROUGH MA 01581 990 2022-01-01 831059970 OUR GENERATION SPEAKS INC OURG 7817363899 415 SOUTH STREET MS035 WALTHAM MA 02452 ELLEN VARNEY CFOO 7817363899 2024-11-13 1 0 SANDRA M BROWN CPA P01614103 5088717178 2024-11-12 2022 2024-10-15 13:58:12Z X ELLEN VARNEY 415 SOUTH STREET MS035 WALTHAM MA 02452 2509892 0 X WWW.OGSPEAKS.COM X 2018 DE OUR MISSION IS TO CREATE AN ENTREPRENEURIAL COMMUNITY OF LEADERS TO SHAPE A MORE PEACEFUL ISRAELI-PALESTINIAN FUTURE BUILT ON TRUST. 7 7 0 125 0 0 509930 2509892 0 0 29 0 10202 0 520161 2509892 480279 513000 0 0 0 561946 0 0 157964 25591 1053157 505870 2128103 14291 381789 624658 2726919 304258 1074811 320400 1652108 OUR MISSION IS TO CREATE AN ENTREPRENEURIAL COMMUNITY OF LEADERS TO SHAPE A MORE PEACEFUL ISRAELI-PALESTINIAN FUTURE BUILT ON TRUST. 0 0 1739916 513000 0 THE ORGANIZATION PROVIDED FUNDING OF $513,000 TO VENTURES INITIATED AND OPERATED BY OGS FELLOWS IN THE FORM OF GRANTS AND LOANS. AS THESE ARE EARLY-STAGE STARTUPS THERE ARE NO EXPECTATIONS OF REPAYMENT OF LOANS AND ACCORDINGLY, THE LOANS ARE EXPENSED WHEN DEEMED NOT TO BE COLLECTIBLE. DURING THE YEAR ENDED DECEMBER 31, 2022, 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. 1739916 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 4 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X BECKWITH AND BROWN CPA 7813263039 231 BUSSEY STREET DEDHAM MA 02026 PERRY SOLOMON PRESIDENT 1.00 X X 0 0 0 BRADLEY BLOOM VICE PRESIDENT 1.00 X X 0 0 0 MICHAEL FRIEZE TREASURER 1.00 X X 0 0 0 DAVID MENDELS DIRECTOR 1.00 X 0 0 0 SARI RAPKIN DIRECTOR 1.00 X 0 0 0 SALLY OURIEFF DIRECTOR 1.00 X 0 0 0 LESTER FAGEN DIRECTOR 1.00 X 0 0 0 LOBNA AGBARIA EXECUTIVE DIRECTOR 40.00 X 180648 0 26081 180648 0 26081 1 0 1 0 0 39428 2470464 2509892 2509892 0 0 0 513000 513000 206729 94451 25759 86519 288541 187876 92583 8082 66676 42251 18399 6026 4643 4643 22314 22314 61439 23719 37720 22156 5678 13379 3099 5221 4680 541 79609 79609 181574 181574 14217 14217 HOUSING & SUPPORT FOR P 282641 282641 PROGRAM SUPPLIES & ACTI 132443 132443 PROGRAM SITE COSTS 120000 120000 FOOD AND MEALS 61714 61491 223 65186 10503 445 54238 2128103 1739916 230223 157964 624658 1114259 1612660 624658 2726919 349811 304258 725000 304258 1074811 X 310400 253028 10000 1399080 320400 1652108 624658 2726919 X 381789 949919 X 0 1 X 1 0 X 100100 155000 261611 509930 2509892 3536533 100100 155000 261611 509930 2509892 3536533 1619195 1917338 29 29 10202 10202 3546764 0.54060 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: RETURN OF GRANT - 2021 AMOUNT: $ 10,202. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 2651408 141516 141516 2509892 0 2509892 2269619 141516 141516 2128103 0 2128103 0 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 GRANT MAKING AND PROGRAM INVESTMENT 513000 0 0 0 0 0 0 513000 0 513000 COMMUNITY AND ECONOMIC DEVELOPMENT MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 10 474000 WIRE TRANSFER 0 N/A N/A 0 0 1 0 0 0 PART I, LINE 2: TWO MEMBERS OF THE BOARD ARE ASSIGNED TO EACH VENTURE. MEETINGS ARE HELD BI-WEEKLY TO MONITOR THE PROGRESS AND ACTIVITIES OF THE VENTURES THAT RECEIVE GRANTS. THE GROWTH COMMITTEE MEETS QUARTERLY WITH ALL THE VENTURES AND REVIEWS THEIR QUARTERLY REPORTS. PART III ACCOUNTING METHOD: PART I, LINE 3: ACCRUAL METHOD OF ACCOUNTING IS USED TO ACCOUNT FOR EXPENDITURES. X 0 0 0 0 0 0 0 0 0 LOBNA AGBARIA EXECUTIVE DIRECTOR 145648 0 35000 0 0 0 0 0 26081 0 206729 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 BY-LAWS UPDATED DECEMBER 2023 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 NOT REQUIRED BY END OF CALENDAR YEAR AS NO DISBURSEMENTS MADE. FORM 990, PART VI, SECTION B, LINE 15 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 COMPENSATION COMMITTEE. THE COMPENSATION 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 FORM 990, PART XI, LINE 9: TRANSFER OF NET ASSET ACTIVITY FROM FISCAL AGENT 949,919. FORM 990, SCHEDULE B SOME DONATIONS THAT ARE REPORTED WITHIN THIS FILING WERE SENT TO A GIFT ACCOUNT HELD BY BRANDEIS UNIVERSITY FOR THE BENEFIT OF OUR GENERATION SPEAKS AND ARE ALSO REPORTED ON SCHEDULES A AND B . PAGE 1, SECTION B REASON FOR AMENDED RETURN: THE TAXPAYER'S AUDITED FINANCIAL STATEMENTS WERE COMPLETED AND REFLECTED VARIANCES FROM THE ORIGINALLY FILED TAX RETURN. 990, PAGE 2, PART III, LINE 4A: TOTAL EXPENSES CHANGED FROM $1,687,132 TO $1,739,916. AN INCREASE OF $52,784. TOTAL GRANTS CHANGED FROM $474,000 TO $513,000. AN INCREASE OF $39,000. 990, PAGE 7, PART VIII, SECTION A, OFFICER 1- THE EXECUTIVE DIRECTOR'S WAGES IN COLUMN D INCREASED FROM $145,648 TO $180,648. 990 PAGE 9, PART VIII, LINE 1F CHANGED FROM $2,549,624 TO $2,470,464. A DECREASE OF $79,160. 990 PAGE 10, PART XI, LINE 25: COLUMN A CHANGED FROM $2,054,380 TO $2,128,103. A TOTAL INCREASE OF $73,723. COLUMN B CHANGED FROM $1,687,132 TO $1,739,916. AN INCREASE OF $52,784. COLUMN C CHANGED FROM $234,852 TO $230,223. A DECREASE OF $4,629. COLUMN D CHANGED FROM $132,396 TO $157,964. AN INCREASE OF $25,568. 990, PAGE 11, PART X, COLUMN B: LINE 3 CHANGED FROM $1,393,580 TO $1,612,660. A TOTAL INCREASE OF $219,080. LINE 16 AND LINE 33 CHANGED FROM $2,507,839 TO $2,726,919. AN INCREASE OF $219,080. LINE 17 CHANGED FROM $228,848 TO $349,811. AN INCREASE OF $120,963. LINE 18 CHANGED FROM $474,000 TO $725,000. AN INCREASE OF $251,000. SCHEDULE D, PART XI, LINE 1 CHANGED FROM $2,730,568 TO $2,651,408. A DECREASE OF $79,160. SCHEDULE D, PART XII, LINE 1 CHANGED FROM $2,195,896 TO $2,269,619. AN INCREASE OF $73,723.