Genesis Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOBILE, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2K in total assets.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2K
-2.3% YoY
Revenue
—
Net Investment Income
—
Expenses
$36
-36.8% YoY
Under IRS private-foundation payout rules, Genesis Foundation Inc reported a distributable amount of $78 for 2024 — the minimum it must pay out in qualifying distributions.
About Genesis Foundation Inc
Based on IRS filings
Genesis Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOBILE, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2K in total assets.
Focus Areas
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,559 | $1,595 | $1,652 |
| Revenue | — | — | — |
| Expenses | $36 | $57 | $120 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $78 | $80 | $84 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
0 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL G MYLES | DIRECTOR | — | — |
| RUSSEL E MYLES | DIRECTOR | — | — |
| MORGAN B MYLS | DIRECTOR | — | — |
| P R MYLES | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Genesis Foundation Inc?
Genesis Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in MOBILE, AL. It holds $2K in total assets as of 2024.
How large is Genesis Foundation Inc?
As of 2024, Genesis Foundation Inc holds $2K in total assets.
How much is Genesis Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Genesis Foundation Inc reported a distributable amount of $78 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Genesis Foundation Inc's EIN?
Genesis Foundation Inc's EIN (Employer Identification Number) is 63-1191481. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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