NonprofitsGenesis Block Foundation Inc

Human Services

Genesis Block Foundation Inc

WILMINGTON, NC

Total revenue

$281K

Total expenses

$151K

Net assets

$150K

Grants received

$456K

7 grants

EIN

852618849

Tax year

2024

Mission

Genesis Block Foundation advances entrepreneurship in underrepressented communities by reducing barriers to acces in support of equity in entrepreneurship.

Programs

2 programs

Block Academy in collaboration with Cape Fear Community College builds pipelines of diverse and qualified minority owned businesses to support the Cape Fear Region and beyond. Block Academy also provides entpreneurial training services to these companies through the Jumpstart Academy and Wits Begin programs. In 2024 90% of the founders that participated in Jumpstart Academy were referred from CFCC Small Business Center as part of the collaboration. Over 80% of the founders that particpated in the Wits Begin Incubator were referred from same. We graduated (2) cohorts of 7 companies for Jumpstart Academy and (1) Cohort of 8 Wits begin companies. We also participated in business expansion of (8) companies through our accelerator program.

Expenses: $37KGrants: $37K

The vocation to entrepreneurship (V2E) program advances entrepreneurship access for students and graduates of vocational training programs. Vocational school porgram graduates receive active support to convert their training either by career ladders to become middle-level employees or to pursue self-employment. Developed technical and virtual program, developed workforce placement program.

Expenses: $25KGrants: $25K

Financials

FY 2024

Revenue

Contributions & grants$281K
Program service revenue
Investment income$2
Other revenue
Total revenue$281K

Expenses

Grants paid
Salaries & benefits$62K
Fundraising
Other expenses$89K
Total expenses$151K
Total assets$153K
Net assets$150K

People

10 listed

NameRoleCompensation

Tracey Newkirk

Executive Director

Board

$58K

30 hrs/wk

Amy Sullivan

Board Chair

Board

5 hrs/wk

Khaliah Olokunola

Vice Chair

Board

5 hrs/wk

Tufana Bradley

Secretary

Board

5 hrs/wk

Shamonique Brantley

Treasurer

Board

5 hrs/wk

Girard Newkirk

Board Member

Board

5 hrs/wk

Ned Marable

Board Member

Board

5 hrs/wk

Terry Espy

Board Member

Board

5 hrs/wk

Jerry Coleman

Board Member

Board

5 hrs/wk

April Scott

Board Member

Board

5 hrs/wk

Grants received

Showing 7 of 7

FromAmountPurposeYear
$200K
General support for programs, operations, and other charitable purposes
2024
$8K
PROGRAM SUPPORT
2024
$125K
GENERAL OPERATING
2023
$8K
COMMUNITY OUTREACH
2023
$26K
Advancing Entrepreneurship in underrepresented communities by ensuring support for resources and programs that reduce the barriers to entrepreneurship, supporting early stage entrepreneurs, small business owners and those ready to strengthen their business venture.This grant will support entrepreneur trainings, workshops, and business model development.
2022
$75K
FOR RECIPIENT'S EXEMPT PURPOSE
2020

Funded by

$456K from 6 funders · 7 grants · 2020–2024

New Hanover Community Endowment Inc

$226K · 2 grants · 2022–2024

Truist Foundation Inc

$125K · 1 grant · 2023

Community Foundation Of Western

$8K · 1 grant · 2024

Novant Health Inc

$8K · 1 grant · 2023

Details

EIN852618849
NTEE codeP02
Subsection03
Ruling date2023-10
Formed2020
Employees1
Volunteers4
GENESIS BLOCK FOUNDATION INC — Mission, Financials & Grants Received | Grantivo