Genesis 123 Foundation

Tax-deductible

Princeton, NJ501(c)(3)ReligionEIN 83-0789162

To further the charitable, religious, and educational mission of connecting christians with projects in israel, promoting felloship between jews and christians, and supporting programs in israel that help disadvantaged communities.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Run by 40 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $2K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $1.3M
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$126
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$713K
+28% vs prior year
Spent
$754K
To programs
98%
Net assets
$118K
By yearFY2020–FY2024
Revenue
$713K
FY2024▲ +28%
Revenue by fiscal year
FY2020$209K
FY2021$135K
FY2022$244K
FY2023$555K
FY2024$713K
Expenses
$754K
FY2024▲ +73%
Expenses by fiscal year
FY2020$230K
FY2021$192K
FY2022$234K
FY2023$436K
FY2024$754K
Net assets
$118K
FY2024▼ -26%
Net assets by fiscal year
FY2020$86K
FY2021$29K
FY2022$39K
FY2023$158K
FY2024$118K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $737K Management & general 2% · $17K Fundraising 0% · $121

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
President and Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Genesis 123 Foundation executive salaries →

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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 15aNo

Programs and updates

Connects Christians with Israeli projects, fostering fellowship and supporting disadvantaged communities.

Provided by the organization

This section is blank until Genesis 123 Foundation claims this page.

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3 program services account for $732K of program spending, described in the organization's own filed words · FY2024.
01

Social services to bless israelis. Providing cool watermelon and drinks in the summer, hot soup in the winter and warm military grade winter coats.

$635Kprogram expense
02

Inspiration from Zion

An interactive and ongoing webinar (and podcast) series to connect christians with people in and stories about israel to which they would not otherwise have access or be aware.

$79Kprogram expense
03

Building Bridges

Establishing relations through a host of online events and projects to build bridges between jews and chrisitans in support of israel.

$19Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$713K
Ln 12
Gifts and grantsLn 1h$713K
Money outPt IX
$754K
Ln 25
Programscol B$737K
Managementcol C$17K
Fundraisingcol D$121
Owns and owesPt X
$118K
net assets · Ln 32
Cash and savingsLn 1–2$118K
Total assetsLn 16$118K
LiabilitiesLn 26$126
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$713K
Total revenueLn 12$713K
Assets in detailPt X, end of year
CashLn 1$118K
Cash and savings togetherLn 1–2$118K
Total assetsLn 16$118K
LiabilitiesLn 26$126
Net assetsLn 32$118K
OperationsPt I, VI
EmployeesI 50
VolunteersI 640
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$178K$118K
Total assetsLn 16$178K$118K
LiabilitiesLn 26$20K$126
Net assetsLn 32$158K$118K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$25K$25K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$897$897
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$717K$712K$5K
All other expensesLn 24e$3K$3K$121
Total functional expensesLn 25$754K$737K$17K$121

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $713K$754K−$41K$118K 990 PDF
FY2023 $555K$436K$119K$158K 990 PDF
FY2022 $244K$234K$10K$39K 990 PDF
FY2021 $135K$192K−$58K$29K 990 PDF
FY2020 $209K$230K−$21K$86K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $713,332 across 3 lines filed
VIII-1f All other contributions, gifts and grants$713,332
VIII-1h Total contributions, gifts and grants$713,332
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$713,332
Part IX · Statement of functional expenses $754,216 across 7 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $25,000$25,000
IX-11c Accounting feesManagement $3,155$3,155
IX-11g Other fees for servicesManagement $1,621$1,621
IX-12 Advertising and promotionManagement $897$897
IX-23 InsuranceManagement $3,275$3,275
IX-24 Other expenses (24a–d)Programs $712,244 · Management $5,176$717,420
IX-24e All other expensesManagement $2,727 · Fundraising $121$2,848
IX-25 Total functional expensesPrograms $737,244 · Management $16,851 · Fundraising $121$754,216
Part X · Balance sheet $117,668 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $178,094$117,668
X-16 Total assetsStart of year $178,094$117,668
X-17 Accounts payable and accrued expensesStart of year $19,668$126
X-26 Total liabilitiesStart of year $19,668$126
X-27 Net assets without donor restrictionsStart of year $158,426$117,542
X-32 Total net assets or fund balancesStart of year $158,426$117,542
X-33 Total liabilities and net assetsStart of year $178,094$117,668
Part XI · Reconciliation of net assets $117,542 net assets at year end
XI-1 Total revenue$713,332
XI-2 Total expenses$754,216
XI-3 Revenue less expenses−$40,884
XI-4 Net assets at start of year$158,426
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$117,542

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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