Generosity Foundation EIN 87-3810191

Generosity Foundation

EIN  87-3810191 Public charity (501(c)(3)) Richardson, TX
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Awards scholarships to deserving students.
Leadership
Ibrahim Kocaman · Board Member
Money in and out
$289K revenue, $292K expenses
Bottom line
100% program efficiency

Awards scholarships to deserving students. For fiscal year 2024 it reported $289K in revenue, $292K in expenses, and $180K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$289K
Pt VIII · Ln 12
Total expenses
$292K
Pt IX · Ln 25
Net assets
$180K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$3K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
7.4mo
months of highly liquid reserves at operating expense rate▼ -45% vs prior filing year
Surplus margin
-1%
revenue over expenses, this year▼ -102% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$289K
FY20240%
Expenses
$292K
FY2024▲ +79%
Total assets
$180K
FY2024▼ -2%
Total liabilities
$0
FY2024
Total revenue
$289K
Pt VIII · Ln 12
Total expenses
$292K
Pt IX · Ln 25
Net assets
$180K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$3K
Total assetsPt X · Ln 16$180K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $290K of program spending, described in the organization's own filed words · FY2024.
01

To award scholarships

$290Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGenerosity Foundation
EINHdr · item D87-3810191
Principal addressHdr · item CRichardson, TX
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFJun 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$289K
Total revenueLn 12$289K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$292K
Total functional expensesLn 25$292K

Balance Sheet

Part X · end of year
CashLn 1$180K
Total assetsLn 16$180K
Total liabilitiesLn 26$0
Total net assetsLn 32$180K
Months of cash on handcomputed7.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $180K · Operating expenses (Pt IX) $292K · Less non-cash grants $2K · Cash operating expenses/yr $290K
7.4 months
Where the money goes
Program services
Program services $292K · Total expenses $292K
100%
Management & General
Management & general $0 · Total expenses $292K
0%
Fundraising
Fundraising $0 · Total expenses $292K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $288K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $289K · Total revenue $289K
100%
Government reliance
Government grants — · Total revenue $289K
Earned-income share
Program service revenue $0 · Total revenue $289K
0%
Investment reliance
Investment income $0 · Total revenue $289K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $292K
0%
Growth & trend
Revenue growth (YoY)
This year $289K · Prior year $288K
0%
Net-asset trend (YoY)
End of year $180K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $289K · Expenses $292K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $180K
Net-asset ratio
Net assets $180K · Total assets $180K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $180K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Ibrahim Kocaman · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $292K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $292K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 0%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 2 grants · $450K · 2023–2024
Unitemized GrantFY2024$288,318
Unitemized GrantFY2023$161,442

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$289K revenue · viewing · ⤓ 990 PDF
FY2023$288K revenue · ⤓ 990 PDF
FY2022$114K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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