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Gen123 is a private corporation based in WEST HILLS, CA. The foundation received its IRS ruling in 2012. The principal officer is Colleen Wong. It holds total assets of $1.1M. Annual income is reported at $317K. Total assets have grown from $895K in 2011 to $1.2M in 2023. The foundation is governed by 11 officers and trustees. The foundation operates in the area of religion. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Funding is distributed across 4 states, including Arkansas, North Carolina, California. According to available records, Gen123 has made 9 grants totaling $204K, with a median grant of $24K. Annual giving has decreased from $141K in 2022 to $63K in 2023. Individual grants have ranged from $15K to $30K, with an average award of $23K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in California. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$11K
Average Grant
$15K
Largest Grant
$34K
Based on 4 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Gen123 primarily funds organizations in the area of religion. Based on available records, the foundation has funded 9 grants. Its grantmaking reaches organizations primarily in CA.
Gen123 has distributed a total of $204K across 9 grants. The median grant size is $24K, with an average of $23K. Individual grants have ranged from $15K to $30K.
Gen123 typically selects its grantees rather than accepting unsolicited proposals.
Gen123 is headquartered in WEST HILLS, CA. The foundation primarily funds organizations in Arkansas, North Carolina, California.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Mary Thiessen Nation | DIRECTOR | $0 | $0 | N/A |
| Steve Hawthorne | DIRECTOR | $0 | $0 | N/A |
| Barbara Hawthorne | SECRETARY | $0 | $0 | N/A |
| Victor Hou | DIRECTOR | $0 | $0 | N/A |
| Darlene Hou | DIRECTOR | $0 | $0 | N/A |
| Josiah Wong | VICE PRESIDENT | $0 | $0 | N/A |
| Ted Limpic | DIRECTOR | $0 | $0 | N/A |
| Claudia Limpic | DIRECTOR | $0 | $0 | N/A |
| Sharyn Lskandar | TREASURER | $0 | $0 | N/A |
| Timothy Wong | PRESIDENT | $0 | $0 | N/A |
| Steve Unangst | DIRECTOR | $0 | $0 | N/A |
Total Giving
$75K
Total Assets
$1.2M
Fair Market Value
$1.4M
Net Worth
$1.2M
Grants Paid
$63K
Contributions
N/A
Net Investment Income
$54K
Distribution Amount
$65K
Total: $975K
Total Grants
9
Total Giving
$204K
Average Grant
$23K
Median Grant
$24K
Unique Recipients
4
Most Common Grant
$30K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Capital Bible ChurchFINANCIAL SUPPORT FOR 8 CHURCH PLANTS FOR ONE YEAR. | Model Town | $24K | 2023 |
| Frontier VenturesTO FURTHER DONEE ORGANIZATION'S EXEMPT PURPOSE | Pasadena, CA | $20K | 2023 |
| DeoworksTO FURTHER DONEE ORGANIZATION'S EXEMPT PURPOSE | Fremont, CA | $19K | 2023 |
| Valley RefugeTO FURTHER DONEE ORGANIZATION'S EXEMPT PURPOSE | Aracariguama | $15K | 2022 |