Genspan Foundation
- Assets
- $0.0
- Revenue
- $20.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Santa Maria, CA
- Founding
- Data as of
- 12/2018
- EIN
- 77-0531693
Organization Overview
Genspan Foundation is located in Santa Maria, CA. As of 12/2018, Genspan Foundation employed 2 individuals. Genspan 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 12/2018, Genspan Foundation generated $20.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (42.8%) each year. All expenses for the organization totaled $60.9k during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF GENSPAN FOUNDATION IS TO ENRICH AND IMPROVE THE QUALITY OF THE LIVES OF ALL COMMUNITY MEMBERS BY PROVIDING OPPORTUNITIES OF ALL AGES TO PARTICIPATE IN ACTIVITIES THAT SPONSOR LIFELONG LEARNING AND SOCIAL ENRICHMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ADDITION TO COMPLETING A FUNDRAISER IN FEBRUARY, GENSPAN FOUNDATION, THROUGH THE APPLE PROGRAM, PROVIDED VOLUNTEERS IN THE CLASSROOMS IN SANTA MARIA, ORCUTT AND NIPOMO, WORKING WITH STUDENTS (KINDERGARTEN THRU 6TH GRADE). WITH THE FUNDS RAISED, GENSPAN SPONSORED TICKETS FOR STUDENTS TO ATTEND A PLAY AT P.C.P.A. THEATER. IN ADDITION, GENSPAN PROVIDED LUNCH TO THE STUDENTS AND VOLUNTEERS ATTENDING THE PLAY. GENSPAN WAS ALSO INVOLVED IN THE MINI RODEO PROVIDING VOLUNTEERS AND SEVEN BUSES TO HELP OUT THE ORGANIZATION. IN AUGUST, PURSUANT TO A DECISION OF THE DIRECTORS OF GENSPAN FOUNDATION ALL MONEY RAISED WITH THE FUNDRAISING EVENT, AND ASSETS WERE TRANSFERRED TO THE SANTA MARIA VALLEY YMCA FOUNDATION INC. TO ENDORSE AND CARRY ON WITH THE ORGANIZATION'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Alvarado President | Trustee | 1 | $0 |
Dr Dan Shepard Vice President | Trustee | 2 | $0 |
Susan Lustig Secretary | Trustee | 3 | $0 |
Lucie George Treasurer | Trustee | 1 | $0 |
Brenda Frazier Acting Exec/prog Director | Trustee | 40 | $31,288 |
Calvin Harris Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,450 |
| Total Program Service Revenue | $0 |
| Investment income | $6,377 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,185 |
| Net Income from Fundraising Events | $10,803 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $684 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,129 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $31,287 |
| Compensation of current officers, directors, key employees. | $9,386 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,140 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,847 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,778 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $249 |
| Insurance | $3,156 |
| All other expenses | $6,435 |
| Total functional expenses | $60,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |