Civic Intelligence

Genesis Fund

990 • Fiscal year 2017 • EIN 01-0461436

Apr 01, 2016 to Mar 31, 2017 • Filed on Jul 27, 2017

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

0.79x

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

96th percentile

8.67x

Higher debt load relative to revenue than 96% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

84th percentile

30%

Higher net margin than 84% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

21st percentile

$94,092

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

66th percentile

9.3%

Faster asset growth than 66% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

90th percentile

66%

Faster revenue growth than 90% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$16,715,651

Up $1,422,622 (+9.3%) from 2016

Net Assets

Up

$3,434,182

Up $460,998 (+16%) from 2016

Liabilities

Up

$13,281,469

Up $961,624 (+7.8%) from 2016

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin84th percentile

Revenue

Up

$1,531,012

Up $611,330 (+66%) from 2016

Expenses

Up

$1,070,014

Up $194,586 (+22%) from 2016

Net Income

Up

$460,998

Up $416,744 (+942%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth66th 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

2017

Assets$16,715,651
Liabilities$13,281,469
Net Assets$3,434,182
Open 2017 Filing

Operations Trend

Revenue Growth90th 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

2017

Revenue$1,531,012
Expenses$1,070,014
Net Income$460,998
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2016 to Mar 31, 2017
Signed
Jul 27, 2017
Return Version
2016v3.0
Gross Receipts
$1,531,012
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$10,534,892$12,942,402▲ $2,407,510
Savings and Temporary Cash Investments$3,548,324$2,019,808▼ $1,528,516
Loans From Officers Directors$620,200$680,604▲ $60,404
Land, Buildings, and Equipment, Net$613,055$590,254▼ $22,801
Accounts Receivable-$537,166-
Receivables From Officers Etc$528,024$509,398▼ $18,626
Prepaid Expenses and Deferred Charges$3,545$24,019▲ $20,474
Total Assets$15,293,029$16,715,651▲ $1,422,622
Other Assets Total$65,189$92,604▲ $27,415
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,439,955$12,363,684▲ $923,729
Accounts Payable and Accrued Expenses$181,559$237,181▲ $55,622
Deferred Revenue$78,131--
Total Liabilities$12,319,845$13,281,469▲ $961,624
Net Assets / Fund Balance
Unrestricted Net Assets$2,973,184$3,434,182▲ $460,998
Total Net Assets Fund Balance$2,973,184$3,434,182▲ $460,998
Total Liabilities and Net Assets / Fund Balance$15,293,029$16,715,651▲ $1,422,622

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$437,022$44,590$481,612
Land$129,613-$129,613
Equipment$23,619$26,646$50,265
Compensation and Service Providers
Top Officer Pay21st percentile

Employees

NameTitleFull / Part TimeBaseTotal
William FloydExecutive DirectorFT$94,092$94,092

Board Members and Trustees

NameTitle
Erin CooperriderPresident
Greg PayneVice President
Bill ShanahanDirector
Deb KellerDirector
Kim TwitchellDirector
Kyra WalkerDirector
Mike MyattDirector
Randy PhelpsDirector
Tim BouletteDirector
Tim McMachenDirector
Karen MacDonaldSecretary
Julie WagonerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$749,271
Program Service Revenue
$771,041
Investment Income
$10,700
Other Revenue
$0
All Other Contributions
$176,140
Change in Net Assets
$460,998

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,531,012
Total Revenue per Audited Statements
$1,531,012
Total Revenue per Form 990
$1,531,012
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$657,963
Salaries, Compensation, and Employee Benefits$412,051
Total Fundraising Expense$11,548
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$282,328$72,392$7,239$361,959
Interest$287,284--$287,284
Fees for Services Other$66,647--$66,647
All Other Expenses$49,238$9,379-$58,617
Payroll Taxes$22,710$5,823$583$29,116
Depreciation Depletion$23,253$4,104-$27,357
Other Employee Benefits$16,361$4,195$420$20,976
Travel$10,660--$10,660
Conferences and Meetings$7,060$1,246-$8,306
Fees for Services Accounting$5,680$1,420-$7,100
Office Expenses-$5,841-$5,841
Insurance-$5,623-$5,623
Other Expenses$7,863$4,688-$4,688
Occupancy$3,854$680-$4,534
Fees for Services Legal$4,465--$4,465
Advertising--$3,306$3,306
Information Technology-$40-$40
Total Functional Expenses$936,601$121,865$11,548$1,070,014

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,070,014
Total Expenses per Audited Statements$1,070,014
Total Expenses per Form 990$1,070,014
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$680,604▲ $60,404
Receivables from Officers, Directors, Trustees, and Key Employees$528,024$509,398▼ $18,626
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 B, Line 11

“Board Members review Form 990 at the board meeting prior to filing.”

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

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

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

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

Form 990, Part VI, Section C, Line 18

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

Form 990, Part VI, Section C, 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
Elizabeth Fleming-Ives
Title
Acting Executive Director
Signed
2017-07-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Floyd
Formed
1991
Legal Domicile
Me
Voting Board Members
12
Independent Board Members
12
Employees
9

Preparer

Firm
RHR Smith & Company CPA's
Address
3 Old Orchard Road, Buxton, ME 04093
Preparer
Ronald Smith
Phone
2079294606
Raw XML AppendixShowing 400 of 513 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/BOYAmt0181559
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0237181
IRS990/AccountsReceivableGrp/EOYAmt0537166
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/FundraisingAmt03306
IRS990/AdvertisingGrp/TotalAmt03306
IRS990/AllOtherContributionsAmt0176140
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt09379
IRS990/AllOtherExpensesGrp/ProgramServicesAmt049238
IRS990/AllOtherExpensesGrp/TotalAmt058617
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/ManagementAndGeneralAmt01246
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt07060
IRS990/ConferencesMeetingsGrp/TotalAmt08306
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0749271
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt010700
IRS990/CYOtherExpensesAmt0657963
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0771041
IRS990/CYRevenuesLessExpensesAmt0460998
IRS990/CYSalariesCompEmpBnftPaidAmt0412051
IRS990/CYTotalExpensesAmt01070014
IRS990/CYTotalFundraisingExpenseAmt011548
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01531012
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt078131
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt04104
IRS990/DepreciationDepletionGrp/ProgramServicesAmt023253
IRS990/DepreciationDepletionGrp/TotalAmt027357
IRS990/Desc0In FY 17 the Genesis Fund closed 15 loans totaling 3,767,007. The organization also provided over 1,400 hours of technical assistance to 26 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/EmployeeCnt09
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0936601
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FederatedCampaignsAmt03449
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01420
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt05680
IRS990/FeesForServicesAccountingGrp/TotalAmt07100
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt04465
IRS990/FeesForServicesLegalGrp/TotalAmt04465
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt066647
IRS990/FeesForServicesOtherGrp/TotalAmt066647
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/AverageHoursPerWeekRt11000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12040.00
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/IndividualTrusteeOrDirectorInd11X
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/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/PersonNm0Erin Cooperrider
IRS990/Form990PartVIISectionAGrp/PersonNm1Greg Payne
IRS990/Form990PartVIISectionAGrp/PersonNm2Julie Wagoner
IRS990/Form990PartVIISectionAGrp/PersonNm3Karen MacDonald
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/PersonNm10Randy Phelps
IRS990/Form990PartVIISectionAGrp/PersonNm11Kyra Walker
IRS990/Form990PartVIISectionAGrp/PersonNm12William 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/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1294092
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/ReportableCompFromRltdOrgAmt120
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/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Executive Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01991
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingAmt03300
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt0566382
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01531012
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt012
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt040
IRS990/InformationTechnologyGrp/TotalAmt040
IRS990/InsuranceGrp/ManagementAndGeneralAmt05623
IRS990/InsuranceGrp/TotalAmt05623
IRS990/InterestGrp/ProgramServicesAmt0287284
IRS990/InterestGrp/TotalAmt0287284
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt010700
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010700
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt083
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt071236
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0613055
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0590254
IRS990/LandBldgEquipCostOrOtherBssAmt0661490
IRS990/LegalDomicileStateCd0ME
IRS990/LoanOutstandingInd0true
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt0620200
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt0680604
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/BOYAmt011439955
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt012363684
IRS990/NetAssetsOrFundBalancesBOYAmt02973184
IRS990/NetAssetsOrFundBalancesEOYAmt03434182
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0680
IRS990/OccupancyGrp/ProgramServicesAmt03854
IRS990/OccupancyGrp/TotalAmt04534
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05841
IRS990/OfficeExpensesGrp/TotalAmt05841
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt065189
IRS990/OtherAssetsTotalGrp/EOYAmt092604
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0420
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04195
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt016361
IRS990/OtherEmployeeBenefitsGrp/TotalAmt020976
IRS990/OtherExpensesGrp/Desc0Loan loss expense
IRS990/OtherExpensesGrp/Desc1Grant expense
IRS990/OtherExpensesGrp/Desc2Computer/Equipment/Building Maint
IRS990/OtherExpensesGrp/Desc3Supplies
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06434
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14688
IRS990/OtherExpensesGrp/ProgramServicesAmt073883
IRS990/OtherExpensesGrp/ProgramServicesAmt175315
IRS990/OtherExpensesGrp/ProgramServicesAmt27863
IRS990/OtherExpensesGrp/TotalAmt073883
IRS990/OtherExpensesGrp/TotalAmt175315
IRS990/OtherExpensesGrp/TotalAmt214297
IRS990/OtherExpensesGrp/TotalAmt34688
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt07239
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt072392
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0282328
IRS990/OtherSalariesAndWagesGrp/TotalAmt0361959
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt010534892
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt012942402
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0583
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05823
IRS990/PayrollTaxesGrp/ProgramServicesAmt022710
IRS990/PayrollTaxesGrp/TotalAmt029116
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03545
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt024019
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/RelatedOrExemptFuncIncomeAmt0720749
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt122880
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt227412
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0720749
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt122880
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt227412
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0263374
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt012775
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0544419
IRS990/PYOtherRevenueAmt019110
IRS990/PYProgramServiceRevenueAmt0624423
IRS990/PYRevenuesLessExpensesAmt044254
IRS990/PYSalariesCompEmpBnftPaidAmt0331009
IRS990/PYTotalExpensesAmt0875428
IRS990/PYTotalRevenueAmt0919682
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0528024
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0509398
IRS990/ReconcilationRevenueExpnssAmt0460998
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03548324
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02019808
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0749271
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0263374
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt083251
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0122822
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0714712
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01933430
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt010700
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt013675
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt013052
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt012506
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt013679
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt063612
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96810
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.95370
IRS990ScheduleA/PublicSupportTotal170Amt01933430
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0749271
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0263374
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt083251
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0122822
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0714712
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01933430
IRS990ScheduleA/TotalSupportAmt01997042
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/BookValueAmt0437022
IRS990ScheduleD/BuildingsGrp/DepreciationAmt044590
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0481612
IRS990ScheduleD/EquipmentGrp/BookValueAmt023619
IRS990ScheduleD/EquipmentGrp/DepreciationAmt026646
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt050265
IRS990ScheduleD/ExpensesSubtotalAmt01070014
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0129613
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0129613
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt01531012
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0590254
IRS990ScheduleD/TotalExpensesPerForm990Amt01070014
IRS990ScheduleD/TotalRevenuePerForm990Amt01531012
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01531012
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01070014
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0509398
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1530604
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt2100000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt350000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd3false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Port Resources
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Investment Loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2Investment Loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3Investment Loan

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,715,651
Liabilities
$13,281,469
Net assets
$3,434,182
Revenue
$1,531,012
Expenses
$1,070,014
Net income
$460,998
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