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← GENESIS MOTOR AMERICA FOUNDATION

Form 990 for tax year 2023

Filed by GENESIS MOTOR AMERICA FOUNDATION.

Totals

Total revenue
$3,067,386
Total expenses
$3,226,804
Contributions and grants received
$3,051,792
Grants paid
$2,835,000
Program service revenue
$0
Investment income
$15,594
Other revenue
$0
Total assets, end of year
$3,658,375
Total liabilities, end of year
$166,220
Net assets or fund balances, end of year
$3,492,155
Program services expenses (Part IX)
$3,087,323
Management and general expenses
$139,481
Fundraising expenses
$0
Program service expenses (Part III)
$3,087,323

Program services were 95.7% 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

    $3,051,792

  • 3 · Investment income

    total $15,594 · excluded $15,594

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,835,000 · program services $2,835,000

  • 5 · Compensation of officers, directors and key employees

    total $115,025 · program services $34,507 · management and general $80,518

  • 8 · Pension plan contributions

    total $3,379 · program services $1,014 · management and general $2,365

  • 10 · Payroll taxes

    total $6,798 · program services $2,039 · management and general $4,759

  • 11b · Fees: legal

    total $5,342 · management and general $5,342

  • 11c · Fees: accounting

    total $31,305 · management and general $31,305

  • 13 · Office expenses

    total $10,125 · management and general $10,125

  • 17 · Travel

    total $9,945 · program services $9,945

  • 19 · Conferences, conventions and meetings

    total $89,497 · program services $89,497

  • 24a · Other expenses: Event Collateral

    total $100,321 · program services $100,321

  • 24b · Other expenses: Agency Fee

    total $15,000 · program services $15,000

  • 24c · Other expenses: Website

    total $3,608 · management and general $3,608

  • 24d · Other expenses: Bank Fees

    total $1,459 · management and general $1,459

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,101,330 · end of year $1,933,356

  • 2 · Savings and temporary cash investments

    end of year $1,264,282

  • 3 · Pledges and grants receivable

    beginning of year $625,100 · end of year $460,737

  • 17 · Accounts payable and accrued expenses

    beginning of year $74,857 · end of year $166,220

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,651,573 · end of year $3,492,155

Mission and programs · 2023

Mission

The Foundation invests in arts programming at the community level for youth, providing interactive experiences to support and enhance education experiences. Our goal is to harness the power of arts to fuel the next generation, to open doors to help them enhance their creativity and collaboration skills, improve their problem-solving and critical thinking ability, and increase their self-confidence.

Activities or mission (Part I)

To raise money to support arts programming at the community level for youth.

  • Awarded competitive grants to nonprofits with youth art education programs

    Expenses $3,087,323 · Grants $2,835,000 · Revenue $3,067,387

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Elizabeth Sanchez

    Secretary

    Total calculated
    $0
    Hours/week
    0.12

  • Peter Lanzavecchia

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.12

  • John Guastaferro

    Exective Director

    Total calculated
    $115,025
    From this org
    $0
    From related orgs
    $115,025
    Other
    $0
    Hours/week
    15

  • Walter Dawson

    Chair

    Total calculated
    $0
    Hours/week
    0.12

  • Sherry Gordon

    Director

    Total calculated
    $0
    Hours/week
    0.12

  • Tedros Mengiste

    Director

    Total calculated
    $0
    Hours/week
    0.12

  • Brandon Ramirez

    Director

    Total calculated
    $0
    Hours/week
    0.12

  • Andrew Atkin

    Legal Counsel

    Total calculated
    $0
    Hours/week
    0.12

  • Art LeBlanc

    Director

    Total calculated
    $0
    Hours/week
    0.12

  • Zach Krause

    Director

    Total calculated
    $0
    Hours/week
    0.12

  • Scott Levy

    Director

    Total calculated
    $0
    Hours/week
    0.12

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

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Genesis Motor America

    C · Auto maker · CA

  • Hyundai Motor America

    C · Financing · CA

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202403169349305630

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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