Genada Foundation
- Assets
- $467.8k
- Revenue
- $28.9k
- Investments
- $452.8k
- Employees
- 0
- Location
- Damariscotta, ME
- Founding
- 05/2000
- Data as of
- 12/2022
- EIN
- 65-6332116
Organization Overview
Genada Foundation is located in Damariscotta, ME. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Genada 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, Genada Foundation generated $28.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $90.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Genada Foundation has awarded 109 individual grants totaling $478,172. 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 |
|---|---|---|---|
Drusilla Sanford Trustee | 3 | $20,000 | |
Katherine Eaton Trustee | 1 | $200 | |
Jonathon Eaton Trustee | 1 | $200 | |
Frederick Brewer Trustee | 2 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $29 |
| Dividends & Interest | $22,786 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,820 |
| Capital Gain Net Income | $4,820 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,222 |
| Total Revenue | $28,857 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $562 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,435 |
| Total operating and administrative expenses | $43,747 |
| Contributions, gifts, grants paid | $46,450 |
| Total expenses and disbursements | $90,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,005 |
| 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 | $25 |
| Other assets | $0 |
| Total assets | $467,815 |
| 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 |
Grants Awarded
Over the last fiscal year, Genada Foundation has awarded $46,450 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BOOTHBAY VETS PURPOSE: DONATION | $10,000 |
CLC YMCA PURPOSE: DONATION | $14,450 |
COASTAL RIVERS CONSERVATION PURPOSE: DONATION | $1,000 |
DAMARISCOTTA HISTORICAL SOCIETY PURPOSE: DONATION | $5,500 |
GREAT SALT BAY CSD PURPOSE: DONATION | $2,500 |
ELDER CARE NETWORK PURPOSE: DONATION | $5,000 |