The Nicholas W Genematas Ii Foundation
- Assets
- $277.1k
- Revenue
- $10.9k
- Investments
- $259.3k
- Employees
- 0
- Location
- Tucson, AZ
- Founding
- 12/1965
- Data as of
- 05/2023
- EIN
- 86-6054188
Organization Overview
The Nicholas W Genematas Ii Foundation is located in Tucson, AZ. The organization was established in 1965. 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. Nicholas W Genematas Ii 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 05/2023, Nicholas W Genematas Ii Foundation generated $10.9k 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 (11.3%) each year. All expenses for the organization totaled $30.9k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Nicholas W Genematas Ii Foundation has awarded 121 individual grants totaling $206,500. 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 |
|---|---|---|---|
Mariann Jean Ernst Pres & Director | 1 | $0 | |
Alexandria M Ernst Director | 0 | $0 | |
Victoria N Ernst Secretary | 0 | $0 | |
Sarah A Genematas Director | 0 | $0 | |
Duke Corley Director | 0.5 | $2,878 | |
Dr Brett Ernst VP & Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $13,829 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,086 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $200 |
| Total Revenue | $10,946 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,236 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $322 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,537 |
| Total operating and administrative expenses | $7,428 |
| Contributions, gifts, grants paid | $23,500 |
| Total expenses and disbursements | $30,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,678 |
| Savings and temporary cash investments | $12,071 |
| 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 | $277,074 |
| 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, The Nicholas W Genematas Ii Foundation has awarded $23,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BETHESDA MISSION OF HARRISBURG PURPOSE: TEEN TAKEOVER RETREAT | $1,500 |
CENTER FOR CHAMPIONS OF PA PURPOSE: ROOTED SITE MENTORING | $2,000 |
LITERACY CONNECTS PURPOSE: REACH OUT AND READ BOOK PURCHASES VIA PIMA COUNTY HEALTH DEPT | $1,000 |
OLIVIA'S HOUSE GRIEF LOSS CENTER PURPOSE: HEARTS CAN HEAL PROGRAM | $1,500 |
EASTSIDE NEIGHBORS VOLUNTEER PROGRA PURPOSE: VOLUNTEER RECRUITMENT; TRANSPORTATION SERVICES AND HOME IMPROVEMENTS FOR ELDERLY AND DISABLED SENIORS | $1,000 |
BOYS AND GIRLS CLUB OF AZ PURPOSE: ARTS ENRICHMENT PROGRAMS | $1,000 |