The Genesis Foundation For Children Inc
- Assets
- $891.9k
- Revenue
- $817.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Boston, MA
- Founding
- 08/1982
- Data as of
- 12/2023
- EIN
- 04-2760083
Organization Overview
The Genesis Foundation For Children Inc is located in Boston, MA. The organization was established in 1982. According to its NTEE Classification (G20) the organization is classified as: Birth Defects & Genetic Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2023, Genesis Foundation For Children Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Genesis Foundation For Children Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Genesis Foundation For Children Inc generated $817.6k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $927.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Genesis Foundation For Children Inc has awarded 25 individual grants totaling $2,992,393. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Hoffman President & Exec Board | OfficerTrustee | 5 | $0 |
Will Glindmeyer Treasurer | OfficerTrustee | 0.5 | $0 |
Judith Briggs Governance Chair | OfficerTrustee | 0.5 | $0 |
Catherine Nowak MD Programs Chair | OfficerTrustee | 0.5 | $0 |
Amy Kritzer MD Director | Trustee | 0.5 | $0 |
Justin Feingold Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $269,664 |
| Related organizations | $0 |
| Government grants | $49,169 |
| All other contributions, gifts, grants, and similar amounts not included above | $494,910 |
| Noncash contributions included in lines 1a–1f | $144,599 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $813,743 |
| Total Program Service Revenue | $0 |
| Investment income | $14,742 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,840 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $817,645 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $433,612 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $284,255 |
| Compensation of current officers, directors, key employees. | $63,332 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,294 |
| Payroll taxes | $21,624 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $53,696 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,256 |
| Advertising and promotion | $10,668 |
| Office expenses | $5,393 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,819 |
| Insurance | $13,367 |
| All other expenses | $47 |
| Total functional expenses | $927,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $292,775 |
| Pledges and grants receivable | $29,489 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $50,224 |
| Net Land, buildings, and equipment | $2,492 |
| Investments—publicly traded securities | $516,410 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $467 |
| Other assets | $0 |
| Total assets | $891,857 |
| Accounts payable and accrued expenses | $219,712 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $219,712 |
| Net assets without donor restrictions | $247,235 |
| Net assets with donor restrictions | $424,910 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $891,857 |
Grants Awarded
Over the last fiscal year, The Genesis Foundation For Children Inc has awarded $433,612 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON CHILDREN'S HOSPITAL PURPOSE: PEDIATRIC CARE TO CHILDREN WITH SPECIAL NEEDS | $5,122 |
SOUTH SHORE CONSERVATORY PURPOSE: PEDIATRIC CARE TO CHILDREN WITH SPECIAL NEEDS | $41,823 |
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: PEDIATRIC CARE TO CHILDREN WITH SPECIAL NEEDS | $386,667 |