Gen123
- Assets
- $1.2m
- Revenue
- $58.4k
- Investments
- $1.1m
- Employees
- 0
- Location
- West Hills, CA
- Founding
- 08/2012
- Data as of
- 12/2022
- EIN
- 45-3942926
Organization Overview
Gen123 is located in West Hills, CA. The organization was established in 2012. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gen123 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, Gen123 generated $58.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $83.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Gen123 has awarded 28 individual grants totaling $366,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Thiessen Nation Director | 1 | $0 | |
Steve Hawthorne Secretary | 1 | $0 | |
Barbara Hawthorne Secretary | 1 | $0 | |
Victor Hou Director | 1 | $0 | |
Darlene Hou Director | 1 | $0 | |
Josiah Wong Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $105 |
| Dividends & Interest | $36,824 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,464 |
| Capital Gain Net Income | $21,464 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2 |
| Total Revenue | $58,395 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,324 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $740 |
| Total operating and administrative expenses | $12,857 |
| Contributions, gifts, grants paid | $70,620 |
| Total expenses and disbursements | $83,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $80,085 |
| 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 | $137,023 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,184,762 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Gen123 has awarded $70,620 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DEOWORKS PURPOSE: TO FURTHER DONEE ORGANIZATION'S EXEMPT PURPOSE | $25,620 |
FRONTIER VENTURES PURPOSE: TO FURTHER DONEE ORGANIZATION'S EXEMPT PURPOSE | $30,000 |
VALLEY REFUGE PURPOSE: TO FURTHER DONEE ORGANIZATION'S EXEMPT PURPOSE | $15,000 |