Gen123
- Assets
- $1.2m
- Revenue
- $91.1k
- Investments
- $1.1m
- Employees
- 0
- Location
- West Hills, CA
- Founding
- 08/2012
- Data as of
- 12/2021
- 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 12/2021, Gen123 generated $91.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $72.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Gen123 has awarded 24 individual grants totaling $304,990. 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
2021
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 |
|---|---|---|---|
Steve Hawthorne Secretary | 0.1 | $0 | |
Mary Thiessen Nation Director | 0.12 | $0 | |
Barbara Hawthorne Secretary | 0.19 | $0 | |
Josiah Wong Vice President | 0 | $0 | |
Victor Hou Director | 0.13 | $0 | |
Darlene Hou Director | 0.13 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,259 |
| Interest on Savings | $100 |
| Dividends & Interest | $40,894 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $47,859 |
| Capital Gain Net Income | $47,859 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3 |
| Total Revenue | $91,115 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,522 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,499 |
| Total operating and administrative expenses | $29,615 |
| Contributions, gifts, grants paid | $42,700 |
| Total expenses and disbursements | $72,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $65,606 |
| 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 | $157,863 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,209,867 |
| 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 $42,700 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FRONTIER VENTURES PURPOSE: TO FURTHER DONEE ORGANIZATION'S EXEMPT PURPOSE | $23,500 |
DEOWORKS PURPOSE: TO FURTHER DONEE ORGANIZATION'S EXEMPT PURPOSE | $12,200 |
4 HIM PURPOSE: TO FURTHER DONEE ORGANIZATION'S EXEMPT PURPOSE | $4,000 |
LIBERTY CHURCH PURPOSE: TO FURTHER DONEE ORGANIZATION'S EXEMPT PURPOSE | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nora Lam Ministries San Jose, CA | $148,225 | $7,883,187 |
New Life Ministries Lake Forest, CA | $1,971,795 | $8,402,272 |
Pilgram Rest Foundation Inc Phoenix, AZ | $14,492,011 | $6,934,589 |
Irvine Onnuri Church Irvine, CA | $6,273,875 | $4,499,639 |
Tabernacle Christian School Concord, CA | $5,160,537 | $3,470,555 |
Alleluia Reedley, CA | $3,151,483 | $3,355,786 |
Interact Ministries Inc Boring, OR | $2,444,865 | $2,307,839 |
Desert Manna Barstow, CA | $1,202,550 | $2,591,102 |
Alberto Mottesi Evangelistic Assoc Inc Santa Ana, CA | $3,484,809 | $2,833,978 |
Esperanza Charitable Fund Mesa, AZ | $17,706,761 | $4,173,341 |
En Familia Inc Phoenix, AZ | $3,474,473 | $2,436,168 |
Living Word Ministries International Inc Tucson, AZ | $1,080,890 | $1,998,163 |