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Nonprofiteer
← THE GENESIS FOUNDATION FOR CHILDREN INC

Form 990 for tax year 2023

Filed by THE GENESIS FOUNDATION FOR CHILDREN INC.

Totals

Total revenue
$817,645
Total expenses
$927,342
Contributions and grants received
$813,743
Grants paid
$433,612
Program service revenue
$0
Investment income
$3,902
Other revenue
$0
Total assets, end of year
$891,857
Total liabilities, end of year
$219,712
Net assets or fund balances, end of year
$672,145
Program services expenses (Part IX)
$524,003
Management and general expenses
$185,919
Fundraising expenses
$217,420
Program service expenses (Part III)
$524,003

Program services were 56.5% 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.

  • 1c · Fundraising events

    $269,664

  • 1e · Government grants (contributions)

    $49,169

  • 1f · All other contributions, gifts and grants

    $494,910

  • 1g · Noncash contributions included above

    $144,599

  • 3 · Investment income

    total $14,742 · excluded $14,742

  • 7b · Less cost or other basis and sales expenses

    other assets $10,840

  • 7c · Gain or loss

    other assets -$10,840

  • 7d · Net gain or loss

    total -$10,840 · excluded -$10,840

  • 8a · Fundraising events: gross income

    $169,994

  • 8a · Fundraising events: contributions included on line 1c

    $269,664

  • 8b · Fundraising events: direct expenses

    $169,994

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $433,612 · program services $433,612

  • 5 · Compensation of officers, directors and key employees

    total $284,255 · program services $75,214 · management and general $63,332 · fundraising $145,709

  • 9 · Other employee benefits

    total $34,294 · program services $9,455 · management and general $6,648 · fundraising $18,191

  • 10 · Payroll taxes

    total $21,624 · program services $5,722 · management and general $4,818 · fundraising $11,084

  • 11c · Fees: accounting

    total $53,696 · management and general $53,696

  • 11g · Fees: other

    total $18,256 · management and general $18,256

  • 12 · Advertising and promotion

    total $10,668 · fundraising $10,668

  • 13 · Office expenses

    total $5,393 · management and general $4,891 · fundraising $502

  • 16 · Occupancy

    total $24,000 · management and general $7,271 · fundraising $16,729

  • 22 · Depreciation, depletion and amortization

    total $1,819 · management and general $1,109 · fundraising $710

  • 23 · Insurance

    total $13,367 · management and general $13,367

  • 24a · Other expenses: COMPUTER

    total $21,552 · management and general $11,427 · fundraising $10,125

  • 24b · Other expenses: TELEPHONE

    total $2,593 · management and general $786 · fundraising $1,807

  • 24c · Other expenses: FUNDRAISING EXPENSES

    total $1,895 · fundraising $1,895

  • 24d · Other expenses: BANK FEES

    total $271 · management and general $271

  • 24e · All other expenses

    total $47 · management and general $47

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $417,383 · end of year $292,775

  • 3 · Pledges and grants receivable

    beginning of year $22,107 · end of year $29,489

  • 9 · Prepaid expenses and deferred charges

    beginning of year $34,560 · end of year $50,224

  • 10a · Land, buildings and equipment: cost or other basis

    $26,792

  • 10b · Land, buildings and equipment: accumulated depreciation

    $24,300

  • 10c · Land, buildings and equipment, net

    beginning of year $3,511 · end of year $2,492

  • 11 · Investments: publicly traded securities

    beginning of year $438,694 · end of year $516,410

  • 14 · Intangible assets

    beginning of year $1,267 · end of year $467

  • 17 · Accounts payable and accrued expenses

    beginning of year $214,498 · end of year $219,712

  • 27 · Net assets without donor restrictions

    beginning of year $333,627 · end of year $247,235

  • 28 · Net assets with donor restrictions

    beginning of year $369,397 · end of year $424,910

Mission and programs · 2023

Mission

THE MISSION OF THE GENESIS FOUNDATION FOR CHILDREN IS TO PROVIDE FUNDING FOR THE DIAGNOSIS AND COMPASSIONATE, COORDINATED CARE OF CHILDREN BORN WITH PHYSICAL, INTELLECTUAL, DEVELOPMENTAL, AND GENETIC DISORDERS, AND TO AID THEM IN ACHIEVING THEIR FULL POTENTIAL.

  • PROVIDE THE FUNDING OF PROGRAMS DEVELOPED AND/OR RUN BY THERAPY AND THE PERFORMING ARTS. THERAPY AND THE PERFORMING ARTS EITHER DEVELOPS OR SUPPORTS MUSIC, ART, DANCE, SPORTING ACIVITIES, HORSEBACK RIDING, ETC FOR MENTALLY AND/OR PHYSICALLY DISABLED CHILDREN IN THE GREATER NEW ENGLAND AREA.

    Expenses $524,003 · Grants $433,612

  • THE GENESIS FOUNDATION FOR CHILDREN DEVELOPS AND EXECUTES FUNDRAISING EVENTS IN ORDER TO PROVIDE FUNDING TO ORGANIZATIONS SUPPORTING OUR MISSIONS OF CARE AND TREATMENT OF CHILDREN BORN WITH GENETIC DISORDERS.

As filed on the 2023 return.

Listed in Part VII

  • Matthew Hoffman

    PRESIDENT & EXEC BOARD

    Total calculated
    $0
    Hours/week
    5

  • Will Glindmeyer

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Judith Briggs

    GOVERNANCE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Catherine Nowak MD

    PROGRAMS CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Amy Kritzer MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Justin Feingold

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Natalie Jacobson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Gass Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Richard Sawyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Lisa Feingold

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Christina Holmes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jessica Madsen

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

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.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
7 August 2024
IRS schema version
2023v5.1
Source object
202432429349301558

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