Nonprofit · EIN 85-2618849
GENESIS BLOCK FOUNDATION INC
Tax-exempt (reinstated) · WILMINGTON, NC 28401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $196,179 | $315,810 | -$119,631 | $37,800 | $7,808 | $29,992 |
| December 31, 2024 | 990 | $280,599 | $151,111 | $129,488 | $153,191 | $3,279 | $149,912 |
| December 31, 2023 | 990 | $254,876 | $274,357 | -$19,481 | $0 | $0 | $0 |
| December 31, 2022 | 990-EZ | $109,050 | $74,811 | $34,239 | $39,907 | – | $39,907 |
| December 31, 2021 | 990-EZ | $110,633 | $104,965 | $5,668 | $5,668 | – | $5,668 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $197,663
- of which government grants
- $27,000
- Program service revenue
- $4,090
- Investment income
- $17
- Net income from fundraising events
- -$5,591
- Other revenue
- -$5,591
Expenses
- Grants and similar amounts paid
- $2,500
- Compensation of officers, directors and key employees
- $107,982
- Other salaries and wages
- $59,722
- Salaries, compensation and benefits (total)
- $171,891
- Professional fundraising fees
- $0
- Legal fees
- $26
- Accounting fees
- $9,475
- Occupancy
- $16,287
- Program services (functional)
- $162,122
- Management and general (functional)
- $65,223
- Fundraising (functional)
- $88,465
Balance sheet and other
- Total assets, start of year
- $153,191
- Total assets, end of year
- $37,800
- Total liabilities, end of year
- $7,808
- Net assets, end of year
- $29,992
- Gross receipts
- $202,340
- Employees
- 3
- Volunteers
- 15
- Year formed
- 2020
- State of legal domicile
- NC
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tracey Newkirk | Executive Director Officer | 40 | $104,802 |
| Tanya McGee | Director Trustee or director | 0 | $1,500 |
| Khalilah Olokunola | Board Chair Trustee or director, Officer | 0 | $0 |
| Patricia Lancaster | Treasurer Trustee or director, Officer | 0 | $0 |
| Jerry Coleman | Director Trustee or director | 0 | $0 |
| April Scott | Director Trustee or director | 0 | $0 |
| Tufanna Bradley | Secretary Trustee or director, Officer | 0 | $0 |
| Drew Smith | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tracey Newkirk | Executive Director Officer | 30 | $57,680 |
| Amy Sullivan | Board Chair Trustee or director | 5 | $0 |
| Khaliah Olokunola | Vice Chair Trustee or director | 5 | $0 |
| Tufana Bradley | Secretary Trustee or director | 5 | $0 |
| Shamonique Brantley | Treasurer Trustee or director | 5 | $0 |
| Girard Newkirk | Board Member Trustee or director | 5 | $0 |
| Ned Marable | Board Member Trustee or director | 5 | $0 |
| Terry Espy | Board Member Trustee or director | 5 | $0 |
| Jerry Coleman | Board Member Trustee or director | 5 | $0 |
| April Scott | Board Member Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tracey Newkirk | Executive Director Officer | 30 | $27,692 |
990-EZ for the year ended December 31, 2022: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tracey Newkirk | President | 25 | $0 |
990-EZ for the year ended December 31, 2021: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tracey Newkirk | Co-Founder/Executive Director | 15 | $0 |
| Girard Newkirk | Co-Founder | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 226 N FRONT ST, WILMINGTON, NC 28401-3920
- In care of
- % AARIENE HANSLEY
- Mailing address (990-N for 2020)
- 20 Wrights Aly, Wilmington NC 28401
- Principal officer (990 for 2025)
- Patricia Lancaster, 226 N Front Street, Wilmington, NC 28401
- Signed the 990
- AARIENE HANSLEY, Executive Director
- Phone
- (910) 789-0241
- Website
- genesisblockfoundation.org
- Return prepared by
- Meacham CPA PLLC
Mission
Genesis Block Foundation advances entrepreneurship in underrepresented communities by reducing barriers to access in support of equity in entrepreneurship.
Program accomplishments
- Hosted two Jumpstart Academy cohorts, serving 13 small business owners. These cohorts supported entrepreneurs within New Hanover County.Expenses $92,365 · grants $2,250
- Hosted quarterly Meet the Neighborz event, where over 150 small business owners connected through networking and topic-focused workshops.Expenses $37,548
- Launched the Youth Entrepreneur Shark Tank initiative, bringing together six students from Pender and New Hanover counties to pitch their business ideas.Expenses $22,529
- Acted as Fiscal Sponsor for the ENC Womens Business Collective.Expenses $9,680
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-2618849
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P02)
- Assets (IRS master file)
- $37,800
- Income (IRS master file)
- $202,340
Revocation and reinstatement
- Exemption revoked
- May 15, 2023
- Posted by the IRS
- August 14, 2023
- Reinstated
- Effective May 15, 2023
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $196,179 | $315,810 | $37,800 | XML |
| 990 | December 2024 | $280,599 | $151,111 | $153,191 | IRS |
| 990 | December 2023 | $254,876 | $274,357 | $0 | XML |
| 990-EZ | December 2022 | $109,050 | $74,811 | $39,907 | XML |
| 990-EZ | December 2021 | $110,633 | $104,965 | $5,668 | XML |
| 990-N for 2020 | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 85-2618849).
Questions about GENESIS BLOCK FOUNDATION INC
- What is the EIN of GENESIS BLOCK FOUNDATION INC?
- The employer identification number (EIN) of GENESIS BLOCK FOUNDATION INC is 85-2618849.
- Is GENESIS BLOCK FOUNDATION INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2023 and reinstated it effective May 15, 2023.
- Are donations to GENESIS BLOCK FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GENESIS BLOCK FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GENESIS BLOCK FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GENESIS BLOCK FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of GENESIS BLOCK FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names Patricia Lancaster.
- Who are the officers and directors of GENESIS BLOCK FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 8 people; 2 received compensation from the organization, the highest $104,802 (Tracey Newkirk, Executive Director).
- How much revenue does GENESIS BLOCK FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $196,179, expenses of $315,810 and total assets of $37,800 at year end.
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