Mission
Genesis Block Foundation advances entrepreneurship in underrepresented communities by reducing barriers to access in support of equity in entrepreneurship.
Public Charity
Genesis Block Foundation Inc
Genesis Block Foundation Inc, of Wilmington, NC, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $196K in revenue, $316K in expenses, $38K in total assets. 5 publicly reported grants to this organization, totaling roughly $316K, appear in IRS filings.
EIN: 852618849
Wilmington, NC
Management & Technical Assistance
NTEE: P02
Latest filing: 2025
Total Revenue$196K
Total Expenses$316K
Total Assets$38K
Grant Records5
Funding Total$316K
Filing Years2021–2025
Where $100 goes at Genesis Block Foundation Inc
How Genesis Block Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.
$74
Programs
the work itself
$15
Management
running the organization
$11
Fundraising
raising the next dollar
Inside the $74 for programs
$42
Hosted two Jumpstart Academy cohorts, serving 13 small business owners
$17
Hosted quarterly Meet the Neighborz event, where over 150 small business owners connected through networking and topic-focused workshops
$10
Launched the Youth Entrepreneur Shark Tank initiative, bringing together six students from Pender and New Hanover counties to pitch their business ideas
Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
General support for programs, operations, and other charitable purposes
$200,000
PROGRAM SUPPORT
$7,500
COMMUNITY OUTREACH
$7,500
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.
$26,200
FOR RECIPIENT'S EXEMPT PURPOSE
$75,000
Showing up to 5 of 5 total records — full history available with membership.
Officers & Directors
Director
April Scott
Director
Drew Smith
Director
Jerry Coleman
Board Chair
Khalilah Olokunola
Treasurer
Patricia Lancaster
Director
Tanya Mcgee
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $196K | $316K | $38K |
| 2024 | $281K | $151K | $153K |
| 2023 | $255K | $274K | — |
| 2022 | $109K | $75K | $40K |
| 2021 | $111K | $105K | $6K |
Between 2021 and 2025, reported annual revenue grew from $111K to $196K (+77%), with total assets most recently reported at $38K.
Interactive year-over-year charts and full filing details available with membership.