Gen12 2 Foundation Inc
- Assets
- $2.4m
- Revenue
- $40.4k
- Investments
- $2.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2023
- EIN
- 87-3930791
Organization Overview
Gen12 2 Foundation Inc is located in New York, NY. 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. Gen12 2 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 12/2023, Gen12 2 Foundation Inc generated $40.4k in total revenue. All expenses for the organization totaled $98.4k during the year ending 12/2023.
Since 2022, Gen12 2 Foundation Inc has awarded 14 individual grants totaling $149,051. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherina Park President | 1 | $0 | |
Kyun Park Treasurer | 1 | $0 | |
Philip Kim Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $43,808 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,407 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,401 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,303 |
| Total operating and administrative expenses | $27,328 |
| Contributions, gifts, grants paid | $71,051 |
| Total expenses and disbursements | $98,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,766 |
| 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 | $241,022 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,350,952 |
| 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, Gen12 2 Foundation Inc has awarded $71,051 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CAMPUS CRUSADE PURPOSE: GENERAL FUND | $1,000 |
HOPE FOR NEW YORK PURPOSE: GENERAL FUND | $10,000 |
KOREAN CHARITABLE SOCIETY PURPOSE: GENERAL FUND | $22,500 |
REDEEMER PRESBYTERIAN DOWNTOWN CHURCH PURPOSE: SUPPORT FOR THE CHURCH | $10,000 |
REDEEMER UNIVERSITY FELLOWSHIP PURPOSE: COUNSELING SERVICES | $5,001 |
REFORMED UNIVERSITY FELLOWSHIP PURPOSE: GENERAL FUND | $5,000 |