Genwell Foundation
- Assets
- $51.3k
- Revenue
- -$452.4k
- Investments
- $51.0k
- Employees
- 0
- Location
- Granite Bay, CA
- Founding
- Data as of
- 12/2022
- EIN
- 85-3413049
Organization Overview
Genwell Foundation is located in Granite Bay, CA. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Genwell Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, GENWELL FOUNDATION CONDUCTED THE FOLLOWING ACTIVITIES: 1. HIRED A CONSULTANT FOR SIX MONTH TO DEVELOP PROJECT PROPOSALS AND EXPLORE POTENTIAL PARTNERS IN CHINA, WHICH RESULTED IN FINDING HUMANA PEOPLE TO PEOPLE (HPP) IN YUNNAN PROVINCE. 2. SIGNED A CONTRACT WITH HPP YUNNAN OFFICE AND WIRED THE PROJECT FUND ON NOV. 2, 2022. 3. PAID SUBSCRIPTION FEE TO ROCKETLAWYER.COM TO HELP DEVELOP CONTRACTS. 4. PAID TRUPLE LEGAL FOR LEGAL SERVICES AND CONSULTATION5. PAID SUBSCRIPTION FEE TO ZOOM.COM AND PROTONMAIL.COM6. BOUGHT A PRINTE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothee Bailloeul President | 5 | $0 | |
Jing Wang Treasurer | 5 | $0 | |
Randall Stafford Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $38 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$452,461 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $3,880 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$452,423 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $435 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $85,208 |
| Total operating and administrative expenses | $88,866 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $88,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $275 |
| 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 | $0 |
| Total assets | $51,275 |
| 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 |