Overview
What is Genesis Inspiration Foundation?
Genesis Inspiration Foundation is a nonprofit organization situated in Fountain Valley, California, with the address 10550 Talbert Ave. The primary mission of this foundation is to support and strengthen arts education for youth at the community level. By awarding competitive grants to eligible nonprofits, they facilitate the provision of engaging arts programs. This approach aims to foster creativity, collaboration, problem-solving skills, critical thinking, and self-confidence in young individuals. The ultimate goal is to empower the next generation and equip them with essential life skills through the power of art.
Official website here: www.genesisinspirationfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating. The Genesis Inspiration Foundation has received a mixed rating of 73%, which indicates average performance in terms of accountability and finance. A Two-Star rating suggests that while the organization exhibits some strengths, there are significant areas that require improvement to enhance transparency and governance.
The foundation has shown solid performance in key financial metrics, such as a perfect score for its Audit and Oversight Committee and a strong Liabilities to Assets Ratio. However, the absence of independent board members and a lack of policies for whistleblower protection and document retention highlight critical weaknesses in governance practices. These factors contribute to the overall low rating in accountability and finance.
While the organization successfully demonstrates good oversight in specific areas, the failure to implement important governance policies and maintain an independent board are noted limitations. This lack of independence and insufficient policies could affect the foundation's credibility and effectiveness in achieving its mission. Addressing these issues will be essential for improving its rating and overall operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Genesis Inspiration Foundation legitimate?
Genesis Inspiration Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Genesis Inspiration Foundation 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:
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Other Salaries and Wages: $53,700
For more financial information, click here
Official website here: www.genesisinspirationfoundation.org
What is the mission statement of Genesis Inspiration Foundation?
The Genesis Inspiration Foundation's mission is centered around raising funds to bolster arts programs at the community level for youth. By investing in these initiatives, the foundation aims to offer interactive experiences that enrich educational experiences. The primary goal is to leverage the power of arts to foster the next generation, encouraging creativity, collaboration, problem-solving, critical thinking, and boosting self-confidence.
Official website here: www.genesisinspirationfoundation.org
Who is the CEO of Genesis Inspiration Foundation?
John Guastaferro is the Secretary of Genesis Inspiration Foundation.
Official website here: www.genesisinspirationfoundation.org
What is the revenue of Genesis Inspiration Foundation?
Genesis Inspiration Foundation's revenue in 2022 was $1,891,675.
Official website here: www.genesisinspirationfoundation.org
Who are the executives of Genesis Inspiration Foundation and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.genesisinspirationfoundation.org
Where can I find the form 990 for Genesis Inspiration Foundation?
Genesis Inspiration Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.genesisinspirationfoundation.org
Learn more at the official website: www.genesisinspirationfoundation.org
Mission Statement of Genesis Inspiration Foundation
Genesis Inspiration Foundation, a nonprofit organization, is dedicated to raising funds to bolster arts programming at the community level for youth. The foundation's mission is to invest in these initiatives, offering interactive experiences that complement and strengthen educational experiences. By harnessing the power of arts, Genesis Inspiration Foundation aims to nurture the next generation. This nurturing encompasses fostering creativity, enhancing collaboration skills, improving problem-solving and critical thinking abilities, and boosting self-confidence. The foundation's goal is to open doors and provide opportunities for young people, enabling them to unlock their full potential and contribute positively to their communities.
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Impact
July, 2024
Genesis Inspiration Foundation has a significant impact on youth development by providing support and resources to arts programs at the community level. Through awarded competitive grants to nonprofits with youth art education initiatives, the Foundation is able to offer interactive experiences that enhance educational opportunities for young individuals. By harnessing the power of the arts, Genesis Inspiration Foundation aims to empower the next generation by fostering creativity, collaboration skills, problem-solving abilities, critical thinking, and self-confidence. This impactful work ultimately opens doors for youth to expand their horizons and reach their full potential.
This information is meant to be a general summary of Genesis Inspiration Foundation. 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.
- Gross Receipts: $1,891,675
Assets and Liabilities:
- Total Assets: $3,726,430
- Total Liabilities: $74,857
- Net Assets: $3,651,573
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Organization Details
Founding Year
2018
Phone
(714) 965-3584Principal Officer
John Guastaferro
Main Address
10550 Talbert Ave, Fountain Valley, CA, 92708
NTEE Category
Code: O12 - Youth development
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