Genanaw Foundation Inc
- Assets
- $62.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brookeville, MD
- Founding
- Data as of
- 12/2022
- EIN
- 85-3541102
Organization Overview
Genanaw Foundation Inc is located in Brookeville, MD. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Genanaw 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 12/2022, Genanaw Foundation Inc generated $51.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $11.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (54.5%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
BUILT AN EXTENSION TO THE CURRENT PRIMARY SCHOOL TO INCLUDE GRADE 5 AND 6. CLOSE TO 100 CHILDREN WILL BENEFIT FROM WALKING/RUNNING UPTO 20 KM A DAY TO ATTEND 5TH AND 6TH GRADES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dereje Genanaw President | 10 | $0 | |
Matthew Bennett Secretary | 2 | $0 | |
Gary Gerstenfield Vice President | 0.2 | $0 | |
Robert Demirji Treasurer | 0.5 | $0 | |
Bereket Teshale Foundation Rep In Ethiopia | 30 | $300 | |
Denenesh Genanaw Foundation Treasurer In Ethiopia | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,110 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $51,110 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $2,135 |
| Professional fees and other payments to independent contractors | $1,280 |
| Occupancy, rent, utilities, and maintenance | $773 |
| Printing, publications, postage, and shipping | $370 |
| Other expenses | $6,431 |
| Total expenses | $10,989 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $41,450 |
| Other assets | $0 |
| Total assets | $62,320 |
| Total liabilities | $0 |
| Net assets or fund balances | $62,320 |