Civic Intelligence

Genesis Fund

990 • Fiscal year 2016 • EIN 01-0461436

Apr 01, 2015 to Mar 31, 2016 • Filed on Aug 11, 2016

Organization Profilewww.genesisfund.org

View Organization Page

22 Lincoln StreetBrunswick, ME 04011

(207) 844-2035

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.81x

Higher debt load relative to assets than 86% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

97th percentile

13.40x

Higher debt load relative to revenue than 97% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

59th percentile

4.8%

Higher net margin than 59% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

17th percentile

$78,222

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

75th percentile

10%

Faster asset growth than 75% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

87th percentile

34%

Faster revenue growth than 87% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$15,293,029

Up $1,391,881 (+10%) from 2015

Net Assets

Up

$2,973,184

Up $39,264 (+1.3%) from 2015

Liabilities

Up

$12,319,845

Up $1,352,617 (+12%) from 2015

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin59th percentile

Revenue

Up

$919,682

Up $232,945 (+34%) from 2015

Expenses

Up

$875,428

Up $92,917 (+12%) from 2015

Net Income

Up

$44,254

Up $140,028 (+146%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2011: $7,441,723Liabilities 2011: $4,860,144Net Assets 2011: $2,581,5792011Assets 2012: $8,172,287Liabilities 2012: $5,583,622Net Assets 2012: $2,588,6652012Assets 2013: $9,940,116Liabilities 2013: $6,866,141Net Assets 2013: $3,073,9752013Assets 2014: $12,075,046Liabilities 2014: $9,045,352Net Assets 2014: $3,029,6942014Assets 2015: $13,901,148Liabilities 2015: $10,967,228Net Assets 2015: $2,933,9202015Assets 2016: $15,293,029Liabilities 2016: $12,319,845Net Assets 2016: $2,973,1842016Assets 2017: $16,715,651Liabilities 2017: $13,281,469Net Assets 2017: $3,434,1822017Assets 2018: $17,673,085Liabilities 2018: $13,730,483Net Assets 2018: $3,942,6022018Assets 2019: $21,871,044Liabilities 2019: $16,573,806Net Assets 2019: $5,297,2382019Assets 2020: $27,181,863Liabilities 2020: $20,675,694Net Assets 2020: $6,506,1692020Assets 2021: $32,765,615Liabilities 2021: $24,693,281Net Assets 2021: $8,072,3342021Assets 2022: $38,143,317Liabilities 2022: $26,974,455Net Assets 2022: $11,168,8622022Assets 2023: $46,225,096Liabilities 2023: $33,331,652Net Assets 2023: $12,893,4442023Assets 2024: $53,555,012Liabilities 2024: $38,755,132Net Assets 2024: $14,799,8802024Assets 2025: $66,598,190Liabilities 2025: $48,697,540Net Assets 2025: $17,900,6502025

Highlighted filing

2016

Assets$15,293,029
Liabilities$12,319,845
Net Assets$2,973,184
Open 2016 Filing

Operations Trend

Revenue Growth87th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $905,5502011Expenses 2012: $523,6212012Revenue 2013: $1,105,781Expenses 2013: $620,471Net Income 2013: $485,3102013Revenue 2014: $671,268Expenses 2014: $715,549Net Income 2014: -$44,2812014Revenue 2015: $686,737Expenses 2015: $782,511Net Income 2015: -$95,7742015Revenue 2016: $919,682Expenses 2016: $875,428Net Income 2016: $44,2542016Revenue 2017: $1,531,012Expenses 2017: $1,070,014Net Income 2017: $460,9982017Revenue 2018: $1,804,553Expenses 2018: $1,296,133Net Income 2018: $508,4202018Revenue 2019: $2,740,892Expenses 2019: $1,386,257Net Income 2019: $1,354,6352019Revenue 2020: $3,876,573Expenses 2020: $2,667,642Net Income 2020: $1,208,9312020Revenue 2021: $3,745,329Expenses 2021: $2,179,164Net Income 2021: $1,566,1652021Revenue 2022: $5,192,917Expenses 2022: $2,096,389Net Income 2022: $3,096,5282022Revenue 2023: $5,492,811Expenses 2023: $3,768,229Net Income 2023: $1,724,5822023Revenue 2024: $4,780,412Expenses 2024: $2,908,668Net Income 2024: $1,871,7442024Revenue 2025: $7,893,479Expenses 2025: $4,792,709Net Income 2025: $3,100,7702025

Highlighted filing

2016

Revenue$919,682
Expenses$875,428
Net Income$44,254
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2015 to Mar 31, 2016
Signed
Aug 11, 2016
Return Version
2015v2.1
Gross Receipts
$919,682
Mission and Program Overview

Mission

The mission of The Genesis Fund is to bring together resources to create housing and other economic and social opportunities for underserved people and communities throughout Maine.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$9,309,892$10,534,892▲ $1,225,000
Savings and Temporary Cash Investments$3,880,651$3,548,324▼ $332,327
Loans From Officers Directors-$620,200-
Land, Buildings, and Equipment, Net$666,255$613,055▼ $53,200
Receivables From Officers Etc-$528,024-
Prepaid Expenses and Deferred Charges-$3,545-
Accounts Receivable$1,304--
Total Assets$13,896,158$15,293,029▲ $1,396,871
Other Assets Total$38,056$65,189▲ $27,133
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,809,581$11,439,955▲ $630,374
Accounts Payable and Accrued Expenses$157,647$181,559▲ $23,912
Deferred Revenue-$78,131-
Total Liabilities$10,967,228$12,319,845▲ $1,352,617
Net Assets / Fund Balance
Unrestricted Net Assets$2,928,930$2,973,184▲ $44,254
Total Net Assets Fund Balance$2,928,930$2,973,184▲ $44,254
Total Liabilities and Net Assets / Fund Balance$13,896,158$15,293,029▲ $1,396,871

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$464,379$71,468$481,612
Land$129,613-$129,613
Equipment$19,063$16,859$45,709
Other Land Buildings-$-123,527-
Compensation and Service Providers
Top Officer Pay17th percentile

Employees

NameTitleFull / Part TimeBaseTotal
William FloydExecutive DirectorFT$78,222$78,222

Board Members and Trustees

NameTitle
Erin CooperriderPresident
Greg PayneVice President
Bill ShanahanDirector
Deb KellerDirector
Karen MacDonaldDirector
Kim TwitchellDirector
Mike MyattDirector
Tim BouletteDirector
Tim McMachenDirector
Brian DietzSecretary
Julie WagonerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$263,374
Program Service Revenue
$624,423
Investment Income
$12,775
Other Revenue
$19,110
All Other Contributions
$201,573
Change in Net Assets
$44,254

Audited Revenue Reconciliation

Revenue per Audited Statements
$919,682
Total Revenue per Audited Statements
$919,682
Total Revenue per Form 990
$919,682
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$544,419
Salaries, Compensation, and Employee Benefits$331,009
Total Fundraising Expense$15,027
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$231,137$59,266$5,927$296,330
Interest$257,285--$257,285
All Other Expenses$48,302$9,200-$57,502
Fees for Services Other$43,094--$43,094
Depreciation Depletion$22,583$3,985-$26,568
Payroll Taxes$17,754$4,552$455$22,761
Other Employee Benefits$9,296$2,384$238$11,918
Travel$10,149--$10,149
Advertising--$8,407$8,407
Fees for Services Accounting$6,160$1,540-$7,700
Occupancy$5,126$905-$6,031
Conferences and Meetings$5,011$884-$5,895
Information Technology-$5,134-$5,134
Insurance-$4,968-$4,968
Other Expenses$8,109$3,727-$3,727
Office Expenses-$2,628-$2,628
Total Functional Expenses$754,857$105,544$15,027$875,428

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$875,428
Total Expenses per Audited Statements$875,428
Total Expenses per Form 990$875,428
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$620,200-
Receivables from Officers, Directors, Trustees, and Key Employees-$528,024-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section Section B, Line Line 11

“Board members review Form 990 at a board meeting prior to filing.”

Form 990, Part VI, Section Section B, Line Line 12C

“At each meeting, board members disclose if they have any conflicts of interest.”

Form 990, Part VI, Section Section B, Line Line 15A

“Pay increases for the director are approved at regular meetings.”

Form 990, Part VI, Section Section C, Line Line 18

“Forms are available for public inspection on The Genesis Funds website, Guidestars website and upon request.”

Form 990, Part VI, Section Section C, Line Line 19

“Available upon request.”

Filing and Contact Details

Filer

Filer Name
The Genesis Fund
EIN
01-0461436
Phone
2078442035
Address
22 Lincoln Street, Brunswick, ME 04011

Signing Officer

Name
William Floyd
Title
Executive Director
Signed
2016-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Floyd
Formed
1991
Legal Domicile
Me
Voting Board Members
11
Independent Board Members
11
Employees
6

Preparer

Firm
RHR Smith & Company CPA's
Address
3 Old Orchard Rd, Buxton, ME 04093
Preparer
Ronald Smith
Phone
2079294606
Raw XML AppendixShowing 400 of 498 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0157647
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0181559
IRS990/AccountsReceivableGrp/BOYAmt01304
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0The mission of The Genesis Fund is to bring together resources to create housing and other economic and social opportunities for underserved people and communities throughout Maine.
IRS990/AdvertisingGrp/FundraisingAmt08407
IRS990/AdvertisingGrp/TotalAmt08407
IRS990/AllOtherContributionsAmt0201573
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt09200
IRS990/AllOtherExpensesGrp/ProgramServicesAmt048302
IRS990/AllOtherExpensesGrp/TotalAmt057502
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0William Floyd
IRS990/BooksInCareOfDetail/PhoneNum02078442035
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt022 Lincoln Street
IRS990/BooksInCareOfDetail/USAddress/CityNm0Brunswick
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ME
IRS990/BooksInCareOfDetail/USAddress/ZIPCd004011
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0884
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt05011
IRS990/ConferencesMeetingsGrp/TotalAmt05895
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0263374
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt012775
IRS990/CYOtherExpensesAmt0544419
IRS990/CYOtherRevenueAmt019110
IRS990/CYProgramServiceRevenueAmt0624423
IRS990/CYRevenuesLessExpensesAmt044254
IRS990/CYSalariesCompEmpBnftPaidAmt0331009
IRS990/CYTotalExpensesAmt0875428
IRS990/CYTotalFundraisingExpenseAmt015027
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0919682
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/EOYAmt078131
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt03985
IRS990/DepreciationDepletionGrp/ProgramServicesAmt022583
IRS990/DepreciationDepletionGrp/TotalAmt026568
IRS990/Desc0In FY16 the Genesis Fund made 13 loans to Maine nonprofits totaling 4,926,372. The organization also provided over 1,000 hours of technical assistanct to 21 organizations, helping to create affordable housing and community facilities by sharing the professional knowledge to develop these projects.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt06
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0754857
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FederatedCampaignsAmt03900
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01540
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt06160
IRS990/FeesForServicesAccountingGrp/TotalAmt07700
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt043094
IRS990/FeesForServicesOtherGrp/TotalAmt043094
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt4000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt5000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt6000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt7000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt8000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt9000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11040.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0Erin Cooperrider
IRS990/Form990PartVIISectionAGrp/PersonNm1Greg Payne
IRS990/Form990PartVIISectionAGrp/PersonNm2Julie Wagoner
IRS990/Form990PartVIISectionAGrp/PersonNm3Brian Dietz
IRS990/Form990PartVIISectionAGrp/PersonNm4Tim Boulette
IRS990/Form990PartVIISectionAGrp/PersonNm5Deb Keller
IRS990/Form990PartVIISectionAGrp/PersonNm6Mike Myatt
IRS990/Form990PartVIISectionAGrp/PersonNm7Tim McMachen
IRS990/Form990PartVIISectionAGrp/PersonNm8Bill Shanahan
IRS990/Form990PartVIISectionAGrp/PersonNm9Kim Twitchell
IRS990/Form990PartVIISectionAGrp/PersonNm10Karen MacDonald
IRS990/Form990PartVIISectionAGrp/PersonNm11William Floyd
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1178222
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Executive Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01991
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingAmt05600
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt052301
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0919682
IRS990/GrossRentsGrp/RealAmt0900
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt011
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt05134
IRS990/InformationTechnologyGrp/TotalAmt05134
IRS990/InsuranceGrp/ManagementAndGeneralAmt04968
IRS990/InsuranceGrp/TotalAmt04968
IRS990/InterestGrp/ProgramServicesAmt0257285
IRS990/InterestGrp/TotalAmt0257285
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt012775
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt012775
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt077
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt043879
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0666255
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0613055
IRS990/LandBldgEquipCostOrOtherBssAmt0656934
IRS990/LegalDomicileStateCd0ME
IRS990/LoanOutstandingInd0true
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt0620200
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The mission of The Genesis Fund is to bring together resources to create housing and other economic and social opportunities for underserved people and communities throughout Maine.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt010809581
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt011439955
IRS990/NetAssetsOrFundBalancesBOYAmt02928930
IRS990/NetAssetsOrFundBalancesEOYAmt02973184
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0900
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0905
IRS990/OccupancyGrp/ProgramServicesAmt05126
IRS990/OccupancyGrp/TotalAmt06031
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02628
IRS990/OfficeExpensesGrp/TotalAmt02628
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt038056
IRS990/OtherAssetsTotalGrp/EOYAmt065189
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0238
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02384
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt09296
IRS990/OtherEmployeeBenefitsGrp/TotalAmt011918
IRS990/OtherExpensesGrp/Desc0Loan loss expense
IRS990/OtherExpensesGrp/Desc1Grant expense
IRS990/OtherExpensesGrp/Desc2Computer/Equipment/Building Maint
IRS990/OtherExpensesGrp/Desc3Supplies
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06371
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13727
IRS990/OtherExpensesGrp/ProgramServicesAmt054063
IRS990/OtherExpensesGrp/ProgramServicesAmt136788
IRS990/OtherExpensesGrp/ProgramServicesAmt28109
IRS990/OtherExpensesGrp/TotalAmt054063
IRS990/OtherExpensesGrp/TotalAmt136788
IRS990/OtherExpensesGrp/TotalAmt214480
IRS990/OtherExpensesGrp/TotalAmt33727
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous income
IRS990/OtherRevenueMiscGrp/Desc1Gain on Sale of Asset
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01037
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt117173
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01037
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt117173
IRS990/OtherRevenueTotalAmt018210
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt05927
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt059266
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0231137
IRS990/OtherSalariesAndWagesGrp/TotalAmt0296330
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt09309892
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt010534892
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0455
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04552
IRS990/PayrollTaxesGrp/ProgramServicesAmt017754
IRS990/PayrollTaxesGrp/TotalAmt022761
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03545
IRS990/PrincipalOfficerNm0William Floyd
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0Loan interest
IRS990/ProgramServiceRevenueGrp/Desc1Technicial assistance
IRS990/ProgramServiceRevenueGrp/Desc2Loan origination fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0556763
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt126770
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt240890
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0556763
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt126770
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt240890
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt083251
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt09452
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0390730
IRS990/PYOtherRevenueAmt03600
IRS990/PYProgramServiceRevenueAmt0590434
IRS990/PYRevenuesLessExpensesAmt0-95774
IRS990/PYSalariesCompEmpBnftPaidAmt0391781
IRS990/PYTotalExpensesAmt0782511
IRS990/PYTotalRevenueAmt0686737
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0528024
IRS990/ReconcilationRevenueExpnssAmt044254
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0900
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03880651
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03548324
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0263374
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt083251
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0122822
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0714712
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0138613
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01322772
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt013675
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt013052
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt012506
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt013679
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt011263
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt064175
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95370
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.96500
IRS990ScheduleA/PublicSupportTotal170Amt01322772
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0263374
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt083251
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0122822
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0714712
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0138613
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01322772
IRS990ScheduleA/TotalSupportAmt01386947
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0464379
IRS990ScheduleD/BuildingsGrp/DepreciationAmt071468
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0481612
IRS990ScheduleD/EquipmentGrp/BookValueAmt019063
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016859
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt045709
IRS990ScheduleD/ExpensesSubtotalAmt0875428
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0129613
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0129613
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0-123527
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0919682
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0613055
IRS990ScheduleD/TotalExpensesPerForm990Amt0875428
IRS990ScheduleD/TotalRevenuePerForm990Amt0919682
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0919682
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0875428
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0528024
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1520200
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt2100000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Port Resources
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Investment Loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2Investment Loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0585655

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,293,029
Liabilities
$12,319,845
Net assets
$2,973,184
Revenue
$919,682
Expenses
$875,428
Net income
$44,254
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$66.6$48.7$17.9$7.89$4.79$3.10
2024Detailed filing. Detailed filing data is available for this year.$53.6$38.8$14.8$4.78$2.91$1.87
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.2$33.3$12.9$5.49$3.77$1.72
2022Detailed filing. Detailed filing data is available for this year.$38.1$27.0$11.2$5.19$2.10$3.10
2021Detailed filing. Detailed filing data is available for this year.$32.8$24.7$8.07$3.75$2.18$1.57
2020Detailed filing. Detailed filing data is available for this year.$27.2$20.7$6.51$3.88$2.67$1.21
2019Detailed filing. Detailed filing data is available for this year.$21.9$16.6$5.30$2.74$1.39$1.35
2018Detailed filing. Detailed filing data is available for this year.$17.7$13.7$3.94$1.80$1.30$0.51
2017Detailed filing. Detailed filing data is available for this year.$16.7$13.3$3.43$1.53$1.07$0.46
2016Detailed filing. Detailed filing data is available for this year.$15.3$12.3$2.97$0.92$0.88$0.04
2015Detailed filing. Detailed filing data is available for this year.$13.9$11.0$2.93$0.69$0.78$0.10
2014Detailed filing. Detailed filing data is available for this year.$12.1$9.05$3.03$0.67$0.72$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.94$6.87$3.07$1.11$0.62$0.49
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.17$5.58$2.59$0.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.44$4.86$2.58$0.91