GEN123

Private foundation · Grantmaker Los Angeles, CA EIN: 45-3942926

GEN123 is a private foundation focused on religion, based in Los Angeles, CA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.1M in total assets. In 2025, it awarded 2 grants totaling $69K. Net investment income was $68K.

GEN123 at a glance

In short: GEN123 gave $69K across 2 grants in 2025 (avg $34K), mostly in Arizona. Source: 2025 IRS Form 990-PF.

Annual giving (2025)
$68,778
-3.1% vs 2024
Grants made (2025)
2
+0.0% vs 2024
Average grant
$34,389
-3.1% vs 2024
Median grant
$34,389
Total assets
$1,133,518
-0.4% vs 2024
Primary geography
Arizona (56% of itemized 2025 grant dollars)
Latest 990 filing
Form 990-PF, 2025 View filing

Data from IRS Form 990-PF, 2025; updated September 2026.

Who GEN123 funds

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

MIO Frontiers DBA Frontiers: $39KMIO Frontiers DBA Frontiers$39KMultimedia Theological Training DBA Pars Theological Center: $30KMultimedia TheologicalTraining DBA Pars Theological…$30K

The largest 2025 recipient was MIO Frontiers DBA Frontiers ($39K). Together the top 2 received $69K.

Grant Size Distribution

14 grants across all recorded years

14<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 14 grants of 14 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

9states

Share of 2025 grant dollars across all 2 itemized grants.

Cities

PasadenaCastro ValleyBakersfieldColorado SpringsEdmondFayettevilleFremontGreenvilleMuncieNew YorkPhoenixRutherfordton

How GEN123 gives

  • Giving held roughly steady from 2022 to 2025 (−3%). Method
  • In 2025 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K4 grants2020 4 grants2021 3 grants2022 3 grants2023 2 grants2024 2 grants2025

From 2020 to 2025, annual grant giving ranged from $43K (2021) to $71K (2024). In 2025 it made 2 grants totaling $69K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
MIO Frontiers DBA Frontiers Phoenix, AZBuilding a Multipurpose Training Facility; Purchasing Kinesiotherapy Equipment$38,778
Multimedia Theological Training DBA Pars Theological Center Greenville, SCSupport for 11 students for year long spiritual theological formation training.$30,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025$1,133,518$77,198$82,596$68,7782$72,642$67,662$75,278
2024$1,138,408$50,520$84,011$70,9502$74,326$41,629$71,229
2023$1,171,865$62,615$75,478$63,0003$66,736$54,167$65,007
2022$1,184,762$58,395$83,477$70,6203$73,668$49,547$67,521
2021$1,209,867$91,115$72,315$42,7004$62,222$80,121$73,400
2020$1,191,547$73,807$74,098$60,6104—$66,122$63,259

Under IRS private-foundation payout rules, GEN123 reported a distributable amount of $75K for 2025 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

GEN123 is led by Timothy Wong, President since 2021 (on filings since 2020); none of the 12 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Timothy Wong

    President

    Secretary → President, 2021

    On filings since 2020

    1 hr/week

    No compensation reported

  • Barbara Hawthorne

    Secretary

    On filings since 2020

    1 hr/week

    No compensation reported

  • Claudia Limpic

    Board Member

    Director → Board Member, 2024

    On filings since 2020

    1 hr/week

    No compensation reported

  • Darlene Hou

    Board Member

    Director → Board Member, 2024

    On filings since 2020

    1 hr/week

    No compensation reported

  • Josiah Wong

    Vice President

    Treasurer → Vice President, 2021

    On filings since 2020

    1 hr/week

    No compensation reported

  • Mary Thiessen Nation

    Board Member

    Secretary → Director, 2021

    Director → Board Member, 2024

    On filings since 2020

    1 hr/week

    No compensation reported

  • Sharyn Lskandar

    Treasurer

    On filings since 2020

    1 hr/week

    No compensation reported

  • Steve Hawthorne

    Board Member

    Secretary → Director, 2023

    Director → Board Member, 2024

    On filings since 2020

    1 hr/week

    No compensation reported

  • Ted Limpic

    Board Member

    Director → Board Member, 2024

    On filings since 2020

    1 hr/week

    No compensation reported

  • Victor Hou

    Board Member

    Director → Board Member, 2024

    On filings since 2020

    1 hr/week

    No compensation reported

  • Steve Unangst

    Board Member

    Director → Board Member, 2024

    On filings since 2022

    1 hr/week

    No compensation reported

  • Vivian Wong

    Board Member

    On filings since 2024

    1 hr/week

    No compensation reported

Former officers (1)
  • Former: Colleen Wong (2020) — Director & CEO

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about GEN123

How much does GEN123 give each year?

GEN123 gave $69K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $71K across 2 grants.

How large is GEN123?

GEN123 reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $73K in qualifying distributions that year, against a required minimum of $75K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

What is GEN123?

GEN123 is a private foundation focused on religion, based in Los Angeles, CA. It holds $1.1M in total assets as of 2025.

Where does GEN123 operate?

GEN123 has awarded grants in Arkansas, Arizona, California, Colorado, Indiana, North Carolina, New York, Oklahoma, South Carolina.

What is GEN123's EIN?

GEN123's EIN (Employer Identification Number) is 45-3942926. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(7)

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 10, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS August 24, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS November 8, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS April 29, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
  7. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from GEN123's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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