Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Jan 1992.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
90 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
13 people listed on the 990; $428K paid to officers and key staff (Part VII, Section A).
Elizabeth Fleming-Ives’s $241K as Executive Director is at the 94th percentile of top reported officer pay among 1636 $1–10M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Elizabeth Fleming-Ives | $241,089 | $211,283 | $208,295 | $160,500 | $157,075 | $113,740 |
| Jennifer Rottmann | $192,190 | $178,775 | $179,981 | $140,297 | — | — |
| Erica Quin-Easter | $143,991 | $137,031 | $129,542 | $102,963 | — | — |
| John Egan | $111,272 | $107,756 | $106,261 | $124,532 | $139,023 | — |
| Jennifer Rottman | — | — | — | — | $131,887 | $100,494 |
| Robyn Wardwell | $120,097 | — | — | — | — | — |
| Steven McDermott | $111,008 | — | — | — | — | — |
| Elyse Tipton | $110,707 | $105,398 | $100,987 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See The Genesis Fund executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II4 listed
Programs and updates
Develops housing and economic opportunities for underserved people in Maine, New Hampshire, and Vermont.
Questions for The Genesis Fund
Your first name shows with your question. The Genesis Fund answers here, for everyone.
In FY22, the Genesis Fund closed 31 loans for over $15 million, increasing the outstanding loan portfolio over $30 million. Through this lending, 677 units of housing were created or preserved. In addition, the Genesis Fund's lending provided over 200 childcare spots and expanded food pantry assistance for over 2,700 families.
Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 01-0461436) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Federal money
The auditor reported no findings.
The auditor reported no findings.
The auditor reported no findings.
The auditor reported no findings.
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $8.2M | $8.7M |
| Land, buildings, equipmentLn 10c | $548K | $539K |
| Total assetsLn 16 | $32.8M | $38.1M |
| LiabilitiesLn 26 | $24.7M | $27.0M |
| Net assetsLn 32 | $8.1M | $11.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $428K | $350K | $63K | $15K |
| Other salaries and wagesLn 7 | $349K | $285K | $52K | $11K |
| Pension plan contributionsLn 8 | $19K | $16K | $3K | $582 |
| Other employee benefitsLn 9 | $51K | $42K | $8K | $1K |
| Payroll taxesLn 10 | $19K | $15K | $3K | $562 |
| Other fees for servicesLn 11g | $138K | $123K | $12K | $2K |
| Advertising and promotionLn 12 | $28K | $13K | $48 | $15K |
| OccupancyLn 16 | $19K | $16K | $3K | $638 |
| TravelLn 17 | $4K | $4K | $8 | $121 |
| Conferences, conventions and meetingsLn 19 | $4K | $3K | $243 | $370 |
| InterestLn 20 | $589K | $589K | ||
| Depreciation, depletion and amortizationLn 22 | $21K | $17K | $3K | $845 |
| InsuranceLn 23 | $22K | $18K | $3K | $641 |
| Other expenses (24a–d)Ln 24 | $383K | $382K | $976 | $232 |
| All other expensesLn 24e | $21K | $17K | $2K | $2K |
| Total functional expensesLn 25 | $2.1M | $1.9M | $154K | $50K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2026 LatestFiled with the IRS Jul 31, 2026 | $5.4M | $4.0M | $1.4M | $19.3M | 990 PDF |
| FY2025Filed with the IRS Jul 30, 2025 | $7.9M | $4.8M | $3.1M | $17.9M | 990 PDF |
| FY2024Filed with the IRS Jul 26, 2024 | $4.8M | $2.9M | $1.9M | $14.8M | 990 PDF |
| FY2023Filed with the IRS Jul 31, 2023 | $5.5M | $3.8M | $1.7M | $12.9M | 990 PDF |
| FY2022 ViewingFiled with the IRS Jul 29, 2022 | $5.2M | $2.1M | $3.1M | $11.2M | 990 PDF |
| FY2021Filed with the IRS Jul 26, 2021 | $3.7M | $2.2M | $1.6M | $8.1M | 990 PDF |
Schedules filed Part IV
See the full FY2022 990
Part I · Summary $5,192,917 revenue, 12 lines filed
Part VI · Governance 10 of 10 board members independent, no flags
Part VIII · Statement of revenue $5,192,917 across 7 lines filed
Part IX · Statement of functional expenses $2,096,389 across 15 lines filed
Part X · Balance sheet $38,143,317 assets, 20 lines filed
Part XI · Reconciliation of net assets $11,168,862 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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