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← GENUINE FOUNDATION

Form 990 for tax year 2024

Filed by GENUINE FOUNDATION.

Totals

Total revenue
$400,097
Total expenses
$336,886
Contributions and grants received
$400,097
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$63,192
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$63,192
Program services expenses (Part IX)
$288,213
Management and general expenses
$48,673
Fundraising expenses
$0
Program service expenses (Part III)
$288,213

Program services were 85.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $400,097

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $2,000 · program services $2,000

  • 12 · Advertising and promotion

    total $37,363 · management and general $37,363

  • 13 · Office expenses

    total $3,719 · management and general $3,719

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $263,972 · program services $263,972

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $7,591 · management and general $7,591

  • 24a · Other expenses: Meal Expenses

    total $16,275 · program services $16,275

  • 24b · Other expenses: Miscellaneous Expenses

    total $4,610 · program services $4,610

  • 24c · Other expenses: Job Supplies

    total $1,356 · program services $1,356

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $63,192

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 31 · Retained earnings, endowment or other funds

    end of year $63,192

Mission and programs · 2024

Mission

Our mission is to aid youth and young adults with autism or down syndrome through activities including, but not limited to, aid with obtaining internships and job training, provide sports programs, and support their entrepreneurial endeavors.

  • Our accomplishments for the year 2024 include: - Hosted the 2024 Genuine World Cup Welcomed 12 international soccer teams of athletes with intellectual and developmental disabilities (IDD) for an inclusive, high-impact tournament held in Houston.- Launched United Genuine FC Established an ongoing soccer club that provides year-round training, competition, and social connection for young adults with IDD and autism.- Introduced Genuine Connect Organized a groundbreaking panel at Rice University to foster dialogue and advocacy around inclusion, employment, and leadership for the IDD community.- Expanded Training Programs Piloted Jessies Bites Genuine Project, offering independent living skills and vocational training in food preparation and retail for individuals with autism and Down syndrome.- Built Strategic Partnerships Collaborated with organizations including The HUB Houston, Down Syndrome Association of Houston, and corporate sponsors to strengthen programming and expand community reach.

    Expenses $288,213

As filed on the 2024 return.

Listed in Part VII

  • Lorna Ortiz

    President, Dir.

    Total calculated
    $0
    Hours/week
    15
  • Selimar Rivera

    Treasurer, Dir.

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
30 May 2025
IRS schema version
2024v5.1
Source object
202531509349300948

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