Gennx Foundation Inc
- Assets
- $155.1k
- Revenue
- $300.0k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2010
- Data as of
- 12/2022
- EIN
- 27-2613000
Organization Overview
Gennx Foundation Inc is located in New York, NY. The organization was established in 2010. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gennx Foundation 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 12/2022, Gennx Foundation Inc generated $300.0k in total revenue. All expenses for the organization totaled $184.3k during the year ending 12/2022. While expenses have increased by 7.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gennx Foundation Inc has awarded 202 individual grants totaling $928,462. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Olya Popili Director | 2 | $0 | |
Latasha Akoma Director (as Of May 2022) | 2 | $0 | |
Rishi Verma Chairman | 2 | $0 | |
Sumit Tony Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $1 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $300,001 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $183 |
| Total operating and administrative expenses | $3,018 |
| Contributions, gifts, grants paid | $181,300 |
| Total expenses and disbursements | $184,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,141 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $155,141 |
| Accounts payable and accrued expenses | $2,978 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,978 |
Grants Awarded
Over the last fiscal year, Gennx Foundation Inc has awarded $181,300 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ADELPHI UNIVERSITY PURPOSE: EDUCATION | $100 |
BEDFORD PUBLIC SCHOOLS PURPOSE: BEDFORD HOCKEY PROGRAM | $1,500 |
CARNEGIE HALL PURPOSE: EDUCATION | $50,000 |
FOOD BANK OF CENTRAL NEW YORK PURPOSE: FOOD | $3,000 |
MEMORIAL SLOAN KETTERING CANCER CENTRE PURPOSE: HEALTH | $100 |
PATH TO COLLEGE PURPOSE: EDUCATION | $8,000 |