Genspiration Foundation Inc
- Assets
- $23.4m
- Revenue
- $8.6m
- Investments
- $15.3m
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 01/2018
- Data as of
- 12/2023
- EIN
- 81-5168277
Organization Overview
Genspiration Foundation Inc is located in Tampa, FL. The organization was established in 2018. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Genspiration 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 12/2023, Genspiration Foundation Inc generated $8.6m in total revenue. All expenses for the organization totaled $473.1k during the year ending 12/2023. While expenses have increased by 141.1% per year over the past 5 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Genshaft Judy L Board Of Directors | 1 | $0 | |
Greenbaum Joel D Board Of Directors | 1 | $0 | |
Greenbaum Steven I Board Of Directors | 1 | $0 | |
Campbell Amelia M Board Of Directors | 1 | $0 | |
Greenbaum Bryan Board Of Directors | 1 | $0 | |
Segrest Noreen CEO | 9 | $54,721 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,395,830 |
| Interest on Savings | $0 |
| Dividends & Interest | $562,045 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,668,150 |
| Capital Gain Net Income | $2,668,150 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $147 |
| Total Revenue | $8,626,172 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $54,721 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,278 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,978 |
| Total operating and administrative expenses | $186,044 |
| Contributions, gifts, grants paid | $287,100 |
| Total expenses and disbursements | $473,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,921 |
| Savings and temporary cash investments | $7,013,140 |
| 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 | $1,098,373 |
| Total assets | $23,382,579 |
| 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, Genspiration Foundation Inc has awarded $287,100 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TAMPA BAY INNOVATIONHUB PURPOSE: GENERAL OPERATIONAL EXPENSES | $75,000 |
NATIONAL ACADEMY OF INVENTORS PURPOSE: GENERAL OPERATIONAL EXPENSES | $77,100 |
MEMORIAL SLOAN KETTERING CANCER CENTER PURPOSE: GENERAL OPERATIONAL EXPENSES | $135,000 |