Generational Hope Foundation
- Assets
- $4.8m
- Revenue
- $156.8k
- Investments
- $4.8m
- Employees
- 0
- Location
- Kelso, WA
- Founding
- Data as of
- 12/2023
- EIN
- 85-3485799
Organization Overview
Generational Hope Foundation is located in Kelso, WA. 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. Generational Hope 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 12/2023, Generational Hope Foundation generated $156.8k 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 (58.9%) each year. All expenses for the organization totaled $257.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Generational Hope Foundation has awarded 31 individual grants totaling $616,930. 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 |
|---|---|---|---|
Joseph D Willis President | 0 | $0 | |
Lacey Gray Vice President | 0 | $0 | |
Bethany Petersen Vice President | 0 | $0 | |
Josiah Willis Vice President | 0 | $0 | |
Terri Willis Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $160,541 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,752 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $156,793 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,080 |
| Depreciation | $1,425 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $90 |
| Total operating and administrative expenses | $38,088 |
| Contributions, gifts, grants paid | $219,630 |
| Total expenses and disbursements | $257,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,222 |
| Savings and temporary cash investments | $0 |
| 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 | $7,086 |
| Other assets | $0 |
| Total assets | $4,798,965 |
| Accounts payable and accrued expenses | $151 |
| 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 | $151 |
Grants Awarded
Over the last fiscal year, Generational Hope Foundation has awarded $219,630 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CITISERVE COWLITZ COUNTY PURPOSE: CHARITABLE MISSION | $6,000 |
RENEWAL CITY CHURCH PURPOSE: MERCY | $73,200 |
ROARING ADVENTURES LLC PURPOSE: CHARITABLE MISSION | $50,000 |
TRANSITIONAL YOUTH PURPOSE: CHARITABLE MISSION | $1,000 |
FOUNTAIN GATEWAY CHURCH PURPOSE: CHARITABLE MISSION | $18,430 |
FOSTERFUL PURPOSE: CHARITABLE MISSION | $1,000 |