Overview
What is Genesis Foundation Inc?
Genesis Foundation Inc is a charitable organization situated in Sheridan, Wyoming. Their primary mission is to assist the Salvation Army and support local needy citizens. This is achieved by allocating funds towards various Salvation Army programs, providing essentials such as food, clothing, and temporary housing to numerous individuals annually. By doing so, Genesis Foundation Inc plays a significant role in enhancing the well-being of the community in Sheridan, Wyoming.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement, Overall Score: 73%)
Genesis Foundation Inc has received a two-star rating from Charity Navigator, indicating that there are areas requiring significant improvement. While the organization shows strengths, such as full compliance in board independence and financial management, the overall assessment highlights a lack of essential policies that are typically expected for transparency and accountability.
The foundation achieved a strong program expense ratio of 70.51%, reflecting a commitment to its mission with effective allocation of resources. However, critical governance policies, including conflict of interest, whistleblower protections, and a document retention policy, are missing, which could impact stakeholder confidence and organizational integrity. Additionally, the absence of the foundation's website on its tax form raises questions about accessibility and transparency.
Overall, while Genesis Foundation Inc demonstrates good financial health and board structure, it must address the governance weaknesses noted in the assessment to enhance its credibility and effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Genesis Foundation Inc legitimate?
Genesis Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Genesis Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Genesis Foundation Inc?
The Genesis Foundation's mission is centered around supporting vulnerable individuals. It accomplishes this by aiding the Salvation Army in their efforts, providing essentials such as food, clothing, and temporary housing to numerous people each year. All the funds collected by the Genesis Foundation are channeled towards enhancing the Salvation Army's programs, thereby extending a helping hand to those in need.
Who is the CEO of Genesis Foundation Inc?
William Rader is the Director of Genesis Foundation Inc.
What is the revenue of Genesis Foundation Inc?
Genesis Foundation Inc's revenue in 2022 was $68,735.
Who are the executives of Genesis Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Genesis Foundation Inc?
Genesis Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Genesis Foundation Inc
Genesis Foundation, a dedicated organization, prioritizes its mission to aid the Salvation Army and assist needy citizens. By providing essential resources such as food, clothing, and temporary housing, Genesis Foundation significantly impacts hundreds of individuals annually. The funds raised by the foundation are exclusively channeled towards enhancing the Salvation Army's programs in Sheridan, ensuring that these vital services continue to thrive and reach those in need.
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Impact
August, 2024
Genesis Foundation Inc's impact can be seen in the direct support it provides to the Salvation Army and needy citizens in Sheridan, WY. Through its efforts, hundreds of people are able to receive essential resources such as food, clothing, and temporary housing annually. By channeling all funds towards benefiting the Salvation Army programs in Sheridan, the Genesis Foundation Inc plays a crucial role in addressing the needs of the community and supporting human services in the area.
This information is meant to be a general summary of Genesis Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $11,262
- Gross Receipts: $676,738
Assets and Liabilities:
- Total Assets: $1,839,619
- Total Liabilities: $0
- Net Assets: $1,839,619
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Organization Details
Principal Officer
William Rader
Main Address
444 CRESCENT DRIVE, SHERIDAN, WY, 82801
NTEE Category
Code: P24I - Human services
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