Genesis 123 Foundation FY2022 filing

Tax-deductible

Princeton, NJ501(c)(3)ReligionEIN 83-0789162Revenue $244K in FY2022

On file with the IRSgenesis123.co33 Hageman Ln, 08540-7547 · Princeton, NJTax-exempt since Jun 2019Publicly supported charity — 170(b)(1)(A)(vi)

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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.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 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
$8K
17% of total assets
Looks good: liabilities are 17% 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
$244K
+81% vs prior year
Spent
$234K
To programs
86%
Net assets
$39K
By yearFY2020–FY2024
Revenue
$244K
FY2022▲ +81%
Tap a bar for its year
Revenue by fiscal year
FY2020$209K
FY2021$135K
FY2022$244K
FY2023$555K
FY2024$713K
Expenses
$234K
FY2022▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2020$230K
FY2021$192K
FY2022$234K
FY2023$436K
FY2024$754K
Net assets
$39K
FY2022▲ +36%
Tap a bar for its year
Net assets by fiscal year
FY2020$86K
FY2021$29K
FY2022$39K
FY2023$158K
FY2024$118K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

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

86 cents of each dollar spent went to programs.

Program services 86% · $202K Management & general 14% · $32K

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

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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.

Questions for Genesis 123 Foundation

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Provided by the organization

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3 programs · $182K · in their own filed words · FY2022
01

Building Bridges

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

$70Kprogram expense
02

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

$69Kprogram expense
03

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.

$44Kprogram expense

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 FY2022 990, line by line.

1The main four
Money inPt VIII
$244K
Ln 12
Gifts and grantsLn 1h$244K
Money outPt IX
$234K
Ln 25
Programscol B$202K
Managementcol C$32K
Owns and owesPt X
$39K
net assets · Ln 32
Cash and savingsLn 1–2$47K
Total assetsLn 16$47K
LiabilitiesLn 26$8K
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$244K
Total revenueLn 12$244K
Assets in detailPt X, end of year
CashLn 1$47K
Cash and savings togetherLn 1–2$47K
Total assetsLn 16$47K
LiabilitiesLn 26$8K
Net assetsLn 32$39K
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 FY22End FY22
Cash and savingsLn 1–2$34K$47K
Total assetsLn 16$34K$47K
LiabilitiesLn 26$5K$8K
Net assetsLn 32$29K$39K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4K$4K
Legal feesLn 11b$11K$11K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$279$279
Office expensesLn 13$4K$4K
Other expenses (24a–d)Ln 24$210K$198K$11K
All other expensesLn 24e$419$419
Total functional expensesLn 25$234K$202K$32K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $713K$754K−$41K$118K 990 PDF
FY2023 $555K$436K$119K$158K 990 PDF
FY2022 Viewing $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 FY2022 990 (6 parts)
Part I · Summary $244,475 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $134,742$244,475
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $134,742$244,475
I-13 Grants and similar amounts paidPrior year $5,375$3,947
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $187,015$230,313
I-18 Total expensesPrior year $192,390$234,260
I-19 Revenue less expensesPrior year −$57,648$10,215
Part VI · Governance 3 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $244,475 across 3 lines filed
VIII-1f All other contributions, gifts and grants$244,475
VIII-1h Total contributions, gifts and grants$244,475
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$244,475
Part IX · Statement of functional expenses $234,260 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $3,947$3,947
IX-11b Legal feesManagement $11,475$11,475
IX-11c Accounting feesManagement $2,004$2,004
IX-11g Other fees for servicesManagement $2,084$2,084
IX-12 Advertising and promotionManagement $279$279
IX-13 Office expensesManagement $4,267$4,267
IX-24 Other expenses (24a–d)Programs $198,409 · Management $11,376$209,785
IX-24e All other expensesManagement $419$419
IX-25 Total functional expensesPrograms $202,356 · Management $31,904 · Fundraising $0$234,260
Part X · Balance sheet $46,709 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $33,725$46,709
X-16 Total assetsStart of year $33,725$46,709
X-17 Accounts payable and accrued expensesStart of year $5,007$7,776
X-26 Total liabilitiesStart of year $5,007$7,776
X-27 Net assets without donor restrictionsStart of year $28,718$38,933
X-32 Total net assets or fund balancesStart of year $28,718$38,933
X-33 Total liabilities and net assetsStart of year $33,725$46,709
Part XI · Reconciliation of net assets $38,933 net assets at year end
XI-1 Total revenue$244,475
XI-2 Total expenses$234,260
XI-3 Revenue less expenses$10,215
XI-4 Net assets at start of year$28,718
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$38,933

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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