Civic Intelligence

Genesis Block Foundation Inc

EIN 85-2618849 • 501(c)3 • Wilmington, NC

Profile

Advancing Entrepreneurship for Underserved, minority businesses.

226 N Front StreetWilmington, NC 28401

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

70th percentile

0.02x

Higher debt load relative to assets than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

0.01x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

89th percentile

46%

Higher net margin than 89% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$153,191

Up $153,191 from 2023

Liabilities

Up

$3,279

Up $3,279 from 2023

Net Assets

Up

$149,912

Up $149,912 from 2023

Operations
Liabilities / Revenue69th percentileNet Margin89th percentile

Revenue

Up

$280,599

Up $25,723 (+10%) from 2023

Expenses

Down

$151,111

Down $123,246 (-45%) from 2023

Net Income

Up

$129,488

Up $148,969 (+765%) from 2023

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2021: $5,668Liabilities 2021: $0Net Assets 2021: $5,6682021Assets 2022: $39,907Liabilities 2022: $0Net Assets 2022: $39,9072022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2024: $153,191Liabilities 2024: $3,279Net Assets 2024: $149,9122024

Highlighted filing

2024

Assets$153,191
Liabilities$3,279
Net Assets$149,912
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2021: $110,633Expenses 2021: $104,965Net Income 2021: $5,6682021Revenue 2022: $109,050Expenses 2022: $74,811Net Income 2022: $34,2392022Revenue 2023: $254,876Expenses 2023: $274,357Net Income 2023: -$19,4812023Revenue 2024: $280,599Expenses 2024: $151,111Net Income 2024: $129,4882024

Highlighted filing

2024

Revenue$280,599
Expenses$151,111
Net Income$129,488
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$153,191
Liabilities
$3,279
Net assets
$149,912
Revenue
$280,599
Expenses
$151,111
Net income
$129,488
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.53$0.03$1.50$2.81$1.51$1.29
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$2.55$2.74$0.19
2022Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$1.09$0.75$0.34
2021Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$1.11$1.05$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 13, 2025
Return Version
2024v5.1
Gross Receipts
$280,599
Mission and Program Overview

Mission

Genesis Block Foundation advances entrepreneurship in underrepressented communities by reducing barriers to acces in support of equity in entrepreneurship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$153,191-
Rtn Earn Endowment Incm Other Fnds-$129,486-
Cap Stk Tr Prin Current Funds-$20,426-
Total Assets$0$153,191▲ $153,191
Liabilities
Accounts Payable and Accrued Expenses-$3,279-
Total Liabilities$0$3,279▲ $3,279
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$149,912▲ $149,912
Total Liabilities and Net Assets / Fund Balance$0$153,191▲ $153,191
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Tracey NewkirkExecutive DirectorPT$57,680$57,680

Board Members and Trustees

NameTitle
Amy SullivanBoard Chair
Khaliah OlokunolaVice Chair
April ScottBoard Member
Girard NewkirkBoard Member
Jerry ColemanBoard Member
Ned MarableBoard Member
Terry EspyBoard Member
Tufana BradleySecretary
Shamonique BrantleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$280,597
Program Service Revenue
$0
Investment Income
$2
Other Revenue
$0
All Other Contributions
$280,597
Change in Net Assets
$129,488
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$89,471
Salaries, Compensation, and Employee Benefits$61,640
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$57,680$0$0$57,680
All Other Expenses$43,970$2,476$0$46,446
Occupancy$6,282$13,350$0$19,632
Advertising$10,943$0$0$10,943
Fees for Services Accounting$0$7,500$0$7,500
Payroll Taxes$3,960$0$0$3,960
Information Technology$1,449$1,781$0$3,230
Office Expenses$0$1,577$0$1,577
Travel$0$143$0$143
Total Functional Expenses$124,284$26,827$0$151,111
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Genesis Block Foundation Inc
EIN
85-2618849
Phone
9105237038
Address
226 N Front Street, Wilmington, NC 28401

Signing Officer

Name
Tracey J Newkirk
Title
President
Phone
9105237038
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tracey
Formed
2020
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
1
Employees
1
Volunteers
4

Preparer

Firm
Level Up Strategies LLC
Address
3953 Market Street Unit A, Wilmington, NC 28403
Preparer
Shamonique Brantley
Phone
9103178080
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

“Board member is married to the Executive Director”

Pt VI, Line 11B

“No financial board meeting held before filing was due. Future process will include draft copy of returns prior to filing date at annual board meeting in April.”

Form 990, Part IX, Line 24E

“Bank Charges 723. 0. 723. 0.”

Form 990, Part IX, Line 24E

“Charitable Contributions 350. 0. 350. 0.”

Form 990, Part IX, Line 24E

“License Fees 681. 0. 681. 0.”

Form 990, Part IX, Line 24E

“Meals and Ent 722. 0. 722. 0.”

Form 990, Part IX, Line 24E

“Curriculum 0. 0. 0. 0.”

Form 990, Part IX, Line 24E

“Repair & Maintenance 0. 0. 0. 0.”

Form 990, Part IX, Line 24E

“Education & Capacity Assistance 29741. 29741. 0. 0.”

Form 990, Part IX, Line 24E

“Food 3409. 3409. 0. 0.”

Form 990, Part IX, Line 24E

“Instructors 0. 0. 0. 0.”

Form 990, Part IX, Line 24E

“Program Awards 2500. 2500. 0. 0.”

Form 990, Part IX, Line 24E

“Janitorial Services 286. 286. 0. 0.”

Form 990, Part IX, Line 24E

“Professional Consultation 0. 0. 0. 0.”

Form 990, Part IX, Line 24E

“Fiscal Sponsor Fees 8000. 8000. 0. 0.”

Form 990, Part IX, Line 24E

“Gifts 34. 34. 0. 0.”

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

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No financial board meeting held before filing was due. Future process will include draft copy of returns prior to filing date at annual board meeting in April.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Bank Charges 723. 0. 723. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Charitable Contributions 350. 0. 350. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4License Fees 681. 0. 681. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Meals and Ent 722. 0. 722. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Curriculum 0. 0. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Repair & Maintenance 0. 0. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Education & Capacity Assistance 29741. 29741. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Food 3409. 3409. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Instructors 0. 0. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Program Awards 2500. 2500. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Janitorial Services 286. 286. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Professional Consultation 0. 0. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Fiscal Sponsor Fees 8000. 8000. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Gifts 34. 34. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsEOYAmt0153191
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0153191
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0280597
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt026827
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0124284
IRS990/TotalFunctionalExpensesGrp/TotalAmt0151111
IRS990/TotalGrossUBIAmt02
IRS990/TotalLiabilitiesEOYAmt03279
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt03279
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0149912
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0124284
IRS990/TotalReportableCompFromOrgAmt057680
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0280599
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt02
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0153191
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0143
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt0143
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01010 Nutt Street
IRS990/USAddress/CityNm0Wilmington
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028401
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0GenesisBlockILM/Foundation.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Tracey J Newkirk
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum09105237038
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Genesis Block Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0GENE
ReturnHeader/Filer/EIN0852618849
ReturnHeader/Filer/PhoneNum09105237038
ReturnHeader/Filer/USAddress/AddressLine1Txt0226 N Front Street
ReturnHeader/Filer/USAddress/CityNm0Wilmington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028401
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0872711598
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Level Up Strategies LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03953 Market Street Unit A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Wilmington
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028403
ReturnHeader/PreparerPersonGrp/PhoneNum09103178080
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Shamonique Brantley
ReturnHeader/ReturnTs02025-05-15T15:56:01-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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