Nonprofit · EIN 84-3163557
GENERATIONS OF GIVING FOUNDATION INC
Tax-exempt · WILMINGTON, DE 19809
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,110,142 | $902,799 | $207,343 | $11,988,166 | $0 | $11,988,166 |
| December 31, 2023 | 990-PF | $811,013 | $687,988 | $123,025 | $11,780,823 | $0 | $11,780,823 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $402
- Dividends
- $332,487
- Interest
- $6,671
- Net gain from sales of assets
- -$36,060
- Other income
- $806,642
Expenses
- Grants and similar amounts paid
- $768,000
- Compensation of officers, directors and key employees
- $30,000
- Disbursements for charitable purposes
- $853,913
- Excise tax on investment income
- $14,369
Balance sheet and other
- Total assets, start of year
- $11,780,823
- Total assets, end of year
- $11,988,166
- Total liabilities, end of year
- $0
- Net assets, end of year
- $11,988,166
- Fair market value of assets
- $13,523,729
- Qualifying distributions
- $853,913
- Net investment income
- $1,056,552
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Steven Borkan Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Treas | 1 | $10,000 |
| Cynthia Brown Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Sec, Dir | 2 | $10,000 |
| Lauren Brown Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Pres | 2 | $10,000 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Steven Borkan Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Treas | 1 | $10,000 |
| Cynthia Brown Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Sec, Dir | 2 | $10,000 |
| Lauren Brown Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Pres | 2 | $10,000 |
Address and contacts
- Address (IRS master file)
- FOUNDATION SOURCE 501 SILVERSIDE RD, WILMINGTON, DE 19809-0000
- In care of
- % FOUNDATION SOURCE
- Signed the 990-PF
- Lauren Brown, President
- Phone
- (800) 839-1754
- Return prepared by
- Foundation Source
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 84-3163557
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $11,988,166
- Income (IRS master file)
- $5,103,680
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,110,142 | $902,799 | $11,988,166 | XML |
| 990-PF | December 2023 | $811,013 | $687,988 | $11,780,823 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-3163557).
Questions about GENERATIONS OF GIVING FOUNDATION INC
- What is the EIN of GENERATIONS OF GIVING FOUNDATION INC?
- The employer identification number (EIN) of GENERATIONS OF GIVING FOUNDATION INC is 84-3163557.
- Is GENERATIONS OF GIVING FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to GENERATIONS OF GIVING FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GENERATIONS OF GIVING FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GENERATIONS OF GIVING FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GENERATIONS OF GIVING FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of GENERATIONS OF GIVING FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $10,000 (Steven Borkan, Dir, Treas).
- How much revenue does GENERATIONS OF GIVING FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,110,142, expenses of $902,799 and total assets of $11,988,166 at year end.
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