Genada Foundation
- Assets
- $529.2k
- Revenue
- $44.6k
- Investments
- $497.3k
- Employees
- 0
- Location
- Damariscotta, ME
- Founding
- 05/2000
- Data as of
- 12/2021
- EIN
- 65-6332116
Organization Overview
Genada Foundation is located in Damariscotta, ME. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Genada Foundation 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, Genada Foundation generated $44.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $82.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Genada Foundation has awarded 84 individual grants totaling $358,204. 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 |
|---|---|---|---|
Drusilla Sanford Trustee | 3 | $20,000 | |
Frederick Brewer Trustee | 2 | $10,000 | |
Katherine Eaton Trustee | 1 | $200 | |
Jonathon Eaton Trustee | 1 | $200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $22,393 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,696 |
| Capital Gain Net Income | $20,696 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,502 |
| Total Revenue | $44,594 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $504 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,793 |
| Total operating and administrative expenses | $39,047 |
| Contributions, gifts, grants paid | $43,000 |
| Total expenses and disbursements | $82,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $31,871 |
| 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 | $25 |
| Other assets | $0 |
| Total assets | $529,155 |
| 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, Genada Foundation has awarded $43,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
LINCOLN ACADEMY PURPOSE: DONATION | $20,000 |
CLC YMCA PURPOSE: DONATION | $13,000 |
Damariscotta, ME PURPOSE: DONATION | $6,000 |
STEPPING STONES PURPOSE: DONATION | $1,000 |
MIDCOAST HUMANE SOCIETY PURPOSE: DONATION | $500 |
NAMI MAINE PURPOSE: DONATION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Libra Foundation Owen W Wells Trustee Portland, ME | $194,515,715 | $7,192,031 |
Thomas W Haas Foundation Greenland, NH | $135,774,612 | $23,898,654 |
Endowment For Health Inc Concord, NH | $94,601,301 | $13,835,099 |
Peter And Anna Kolchinsky Foundation Portsmouth, NH | $32,887,718 | $6,933,856 |
Southeast Land Trust Of New Hampshire Epping, NH | $33,243,290 | $7,653,430 |
P D Merrill Charitable Tr U-A Dtd 11-02-06 Portland, ME | $0 | $21,552 |
Cogswell Benevolent Trust Manchester, NH | $30,218,866 | $3,198,949 |
Gloria C Mackenzie Foundation Inc East Millinocket, ME | $24,725,782 | $9,772,129 |
Burke Family Foundation C/O People's United Bank Cape Elizabeth, ME | $0 | $295,914 |
Morton-Kelly Charitable Tr Portland, ME | $19,003,514 | $4,559,589 |
Hank And Lynn Hopeman Foundation Inc Sunapee, NH | $22,635,680 | $2,787,144 |
Cascade Foundation Rockport, ME | $16,395,441 | $857,628 |