Genesis Motor America Foundation
- Assets
- $3.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Fountain Valley, CA
- Founding
- 12/2019
- Data as of
- 12/2022
- EIN
- 83-4218073
Organization Overview
Genesis Motor America Foundation is located in Fountain Valley, CA. The organization was established in 2019. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Genesis Motor America 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 12/2022, Genesis Motor America Foundation generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Genesis Motor America Foundation has awarded 42 individual grants totaling $2,630,000. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE MONEY TO SUPPORT ARTS PROGRAMMING AT THE COMMUNITY LEVEL FOR YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDED COMPETITIVE GRANTS TO NONPROFITS WITH YOUTH ART EDUCATION PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Sanchez Secretary | OfficerTrustee | 0.12 | $0 |
Thomas Shin Vice Chair | OfficerTrustee | 0.12 | $0 |
John Guastaferro 15 | Trustee | 15 | $0 |
Walter Dawson Interim Board Chair | OfficerTrustee | 0.12 | $0 |
Sherry Gordon Director | Trustee | 0.12 | $0 |
Dana White Director | Trustee | 0.12 | $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 | $1,891,675 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,891,675 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,891,675 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,850,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,700 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,611 |
| Payroll taxes | $4,262 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,200 |
| Fees for services: Accounting | $29,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,290 |
| Office expenses | $181 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,186 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,085 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,001,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,101,330 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $625,100 |
| 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 | $3,726,430 |
| Accounts payable and accrued expenses | $74,857 |
| 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 | $74,857 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,651,573 |
| Total liabilities and net assets/fund balances | $3,726,430 |
Grants Awarded
Over the last fiscal year, Genesis Motor America Foundation has awarded $1,850,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
FREE ARTS FOR ABUSED CHILDREN OF ARIZONA PURPOSE: Grant to arts programming at the community level for youth | $50,000 |
ART & BEYOND INC PURPOSE: Grant to arts programming at the community level for youth | $50,000 |
BOYS AND GIRLS CLUB OF HUNTINGTON VALLEY PURPOSE: Grant to arts programming at the community level for youth | $50,000 |
ARTS 4 ALL PURPOSE: Grant to arts programming at the community level for youth | $50,000 |
ARTS FOR LEARNING PURPOSE: Grant to arts programming at the community level for youth | $50,000 |
A PLACE CALLED HOME PURPOSE: Grant to arts programming at the community level for youth | $100,000 |