Genesis Philanthropy
- Assets
- $877.6k
- Revenue
- $418.1k
- Investments
- $0.0
- Employees
- 7
- Location
- Davenport, IA
- Founding
- 07/2014
- Data as of
- 06/2022
- EIN
- 46-2452851
Organization Overview
Genesis Philanthropy is located in Davenport, IA. The organization was established in 2014. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Genesis Philanthropy employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Genesis Philanthropy 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 06/2022, Genesis Philanthropy generated $418.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $393.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Genesis Philanthropy has awarded 42 individual grants totaling $3,991,027. 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
THE MISSION OF GENESIS PHILANTHROPY IS TO EMPOWER PHILANTHROPY TO ENGAGE COMMUNITIES IN POPULATION HEALTH AT ALL STAGES OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENESIS PHILANTHROPY SOLICITS, MANAGES AND GRANTS FUNDS FOR PREVENTION AND WELLNESS INITIATIVES IN EASTERN IOWA AND WESTERN ILLINOIS. THREE AFFILIATE FOUNDATIONS (DEWITT COMMUNITY HOSPITAL FOUNDATION, MERCER FOUNDATION FOR HEALTH, AND GENESIS HEALTH SERVICES FOUNDATION) WORK COOPERATIVELY TO ENSURE GENESIS PHILANTHROPY MEETS THE REGION'S MOST CHALLENGING HEALTHCARE NEEDS, AS IDENTIFIED IN COMMUNITY HEALTH NEEDS ASSESSMENTS. GENESIS PHILANTHROPY HAS FUNDED MULTIPLE INITIATIVES IN THE AREAS OF MENTAL HEALTH/SUBSTANCE ABUSE, HEALTHCARE ACCESS, AND NUTRITION/PHYSICAL ACTIVITY/WEIGHT MANAGEMENT. GENESIS PHILANTHROPY HAS SEEDED PROGRAMS (E.G. SCOTT COUNTY MENTAL HEALTH COURT, ZERO SUICIDE PROJECT), SUSTAINED PROGRAMS, AND TAKEN OTHERS TO SCALE. GENESIS PHILANTHROPY IS FUNDING THE EDUCATION OF ASPIRING NURSES AT AREA COMMUNITY COLLEGES, WITH PARTICULAR INTEREST IN ADVANCING THE EDUCATION OF A DIVERSE STUDENT POPULATION. GENESIS PHILANTHROPY ENGAGES COMMUNITIES IN THE HEALTH OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $193,472 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $166,740 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $360,212 |
| Total Program Service Revenue | $45,000 |
| Investment income | $12,052 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $813 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $418,077 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $201,810 |
| Grants and other assistance to domestic individuals. | $1,133 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $28,904 |
| Compensation of current officers, directors, key employees. | $14,452 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $89,414 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,633 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,733 |
| Advertising and promotion | $2,022 |
| Office expenses | $21,070 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $393,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,966 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,808 |
| 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 | $8,838 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $716,695 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $318 |
| Total assets | $877,625 |
| Accounts payable and accrued expenses | $15,936 |
| 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 | $15,936 |
| Net assets without donor restrictions | -$9,811 |
| Net assets with donor restrictions | $871,500 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $877,625 |
Grants Awarded
Over the last fiscal year, Genesis Philanthropy has awarded $196,111 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Aledo, IL PURPOSE: Mental Health Action Program | $75,000 |
Bettendorf, IA PURPOSE: Expanding Nursing Workforce Scholarship Program | $30,000 |
Moline, IL PURPOSE: Expanding Nursing Workforce Scholarship Program | $30,000 |
Davenport, IA PURPOSE: Health For All Program | $30,000 |
Princeton, IA PURPOSE: Support for facility for people with brain injuries | $15,000 |
Davenport, IA PURPOSE: Holistic Care Coordination Program | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Genesis Philanthropy has recieved totaling $28,500.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,000 |
Jeff And Susie Seitz Charitable Foundation Bettendorf, IA PURPOSE: GENERAL FUND | $10,000 |
Arconic Foundation Pittsburgh, PA PURPOSE: NURSE VISITATION PROGRAM FOR MOTHERS AND THEIR NEWBORNS | $7,500 |
Doris & Victor Day Foundation Inc Rock Island, IL PURPOSE: OPERATIONS SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Schuler Education Foundation Lake Forest, IL | $54,673,241 | $7,067,242 |
Thedacare Family Of Foundations Inc Appleton, WI | $89,256,611 | $25,439,996 |
Veterans United Foundation Columbia, MO | $54,107,159 | $30,165,811 |
The Hormel Foundation Austin, MN | $1,540,722,314 | $34,366,937 |
Nebraska Philanthropic Trust Omaha, NE | $2,416,213 | $1,885,786 |
Omni Behavioral Health Omaha, NE | $19,278,605 | $23,477,571 |
South Dakota Community Foundation Pierre, SD | $805,282,495 | $215,504,617 |
Society Of St Vincent De Paul- Twin Cities Minneapolis, MN | $592,562 | $17,408,500 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Faith Charitable Trust Omaha, NE | $0 | $922,113 |
Moose Charities Inc Mooseheart, IL | $5,385,966 | $15,548,845 |
Northland Foundation Duluth, MN | $110,895,270 | $27,913,272 |