Nonprofit · EIN 01-0461436
GENESIS FUND
Tax-exempt · BRUNSWICK, ME 04011
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2026 | 990 | $5,428,902 | $4,028,935 | $1,399,967 | $68,327,582 | $49,026,965 | $19,300,617 |
| March 31, 2025 | 990 | $7,893,479 | $4,792,709 | $3,100,770 | $66,598,190 | $48,697,540 | $17,900,650 |
| March 31, 2024 | 990 | $4,780,412 | $2,908,668 | $1,871,744 | $53,555,012 | $38,755,132 | $14,799,880 |
Financial details: 990 for the year ended March 31, 2026
Revenue
- Contributions, gifts and grants
- $1,655,792
- of which government grants
- $1,098,248
- Program service revenue
- $3,064,747
- Investment income
- $697,561
- Net rental income
- $7,200
- Net gain from sales of assets
- $242
- Other revenue
- $10,802
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $498,129
- Other salaries and wages
- $905,605
- Salaries, compensation and benefits (total)
- $1,626,937
- Professional fundraising fees
- $0
- Legal fees
- $143,031
- Accounting fees
- $60,424
- Occupancy
- $47,925
- Travel
- $33,147
- Depreciation
- $21,399
- Program services (functional)
- $3,772,030
- Management and general (functional)
- $192,531
- Fundraising (functional)
- $64,374
Balance sheet and other
- Total assets, start of year
- $66,598,190
- Total assets, end of year
- $68,327,582
- Total liabilities, end of year
- $49,026,965
- Net assets, end of year
- $19,300,617
- Land, buildings and equipment
- $469,241
- Net assets without donor restrictions
- $17,993,648
- Net assets with donor restrictions
- $1,306,969
- Gross receipts
- $5,428,902
- Employees
- 12
- Volunteers
- 13
- Year formed
- 1991
- State of legal domicile
- ME
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 March 31, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Elizabeth Fleming-Ives | Executive Director Officer | 40 | $241,089 | $35,815 |
| Jennifer Rottmann | Deputy Director & CFO Officer | 40 | $192,190 | $29,037 |
| Erica Quin-Easter | Director of Lending Highest-paid employee | 40 | $143,991 | $22,160 |
| Robyn Wardwell | Chief Program Officer Highest-paid employee | 40 | $120,097 | $12,013 |
| John Egan | Senior Program Officer Highest-paid employee | 40 | $111,272 | $17,414 |
| Elyse Tipton | Communications Director Highest-paid employee | 40 | $110,707 | $17,308 |
| Steven McDermott | Senior Loan and Community Highest-paid employee | 40 | $111,008 | $16,682 |
| Julie Wagoner | President Trustee or director, Officer | 0.5 | $0 | $0 |
| Diane Small | Vice-President Trustee or director, Officer | 0.5 | $0 | $0 |
| Janice de Lima | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 |
| Shima Kabirigi | Secretary Trustee or director, Officer | 0.5 | $0 | $0 |
| Denise Cilley | Director Trustee or director | 0.5 | $0 | $0 |
| Diane Donaldson | Director Trustee or director | 0.5 | $0 | $0 |
| Molly Feeney | Director Trustee or director | 0.5 | $0 | $0 |
| Laurie Miller | Director Trustee or director | 0.5 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jeff Mosley | Director Trustee or director | 0.5 | $0 |
| Heidi Peterson | Director Trustee or director | 0.5 | $0 |
| Betty Robinson | Director Trustee or director | 0.5 | $0 |
| Mike Ross | Director Trustee or director | 0.5 | $0 |
990 for the year ended March 31, 2025: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Elizabeth Fleming-Ives | Executive Director Officer | 40 | $211,283 | $33,448 |
| Jennifer Rottmann | Deputy Director & CFO Officer | 40 | $178,775 | $28,602 |
| Erica Quin-Easter | Director of Lending Highest-paid employee | 40 | $137,031 | $21,613 |
| Elyse Tipton | Communications Director Highest-paid employee | 40 | $105,398 | $17,428 |
| John Egan | Senior Program Officer Highest-paid employee | 40 | $107,756 | $5,480 |
| Steve McDermott | Senior Loan and Community Partner Officer Highest-paid employee | 40 | $103,021 | $2,423 |
| Rebecca Hatfield | President Trustee or director, Officer | 0.5 | $0 | $0 |
| Julie Wagoner | Vice President Trustee or director, Officer | 0.5 | $0 | $0 |
| Janice de Lima | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 |
| Shima Kabirigi | Secretary Trustee or director, Officer | 0.5 | $0 | $0 |
| Denise Cilley | Director Trustee or director | 0.5 | $0 | $0 |
| Diane Donaldson | Director Trustee or director | 0.5 | $0 | $0 |
| Jeff Mosley | Director Trustee or director | 0.5 | $0 | $0 |
| Betty Robinson | Director Trustee or director | 0.5 | $0 | $0 |
| Mike Ross | Director Trustee or director | 0.5 | $0 | $0 |
| Diane Small | Director Trustee or director | 0.5 | $0 | $0 |
| Tom Whelan | Director Trustee or director | 0.5 | $0 | $0 |
990 for the year ended March 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Elizabeth Fleming-Ives | Executive Director Officer | 40 | $208,295 | $31,749 |
| Jennifer Rottmann | Deputy Director & CFO Officer | 40 | $179,981 | $23,569 |
| Erica Quin-Easter | Director of Lending Highest-paid employee | 40 | $129,542 | $19,270 |
| John Egan | Senior Program Officer Highest-paid employee | 40 | $106,261 | $16,146 |
| Elyse Tipton | Communications Director Highest-paid employee | 40 | $100,987 | $12,099 |
| Rebecca Hatfield | President Trustee or director, Officer | 0.5 | $0 | $0 |
| Julie Wagoner | Vice President Trustee or director, Officer | 0.5 | $0 | $0 |
| Janice de Lima | Secretary Trustee or director, Officer | 0.5 | $0 | $0 |
| Laurie Miller | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 |
| Beth Hayward | Director Trustee or director | 0.5 | $0 | $0 |
| Shima Kabirigi | Director Trustee or director | 0.5 | $0 | $0 |
| Jeff Mosley | Director Trustee or director | 0.5 | $0 | $0 |
| Betty Robinson | Director Trustee or director | 0.5 | $0 | $0 |
| Robyn Wardell | Director Trustee or director | 0.5 | $0 | $0 |
| Tom Whelan | Director Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 22 LINCOLN ST, BRUNSWICK, ME 04011-1912
- Principal officer (990 for 2025)
- Elizabeth Fleming-Ives, 22 Lincoln Street, Brunswick, ME 04011
- Signed the 990
- Elizabeth Fleming-Ives, Executive Director
- Phone
- (207) 844-2035
- Website
- www.genesisfund.org
- Return prepared by
- PGM LLC
Mission
The mission of The Genesis Fund is to bring together resources to create housing and other economic and social opportunities for underserved people and communities throughout Maine, New Hampshire, and Vermont.
Program accomplishments
- In FY26, the Genesis Fund closed 27 loans for over $10 million, increasing the outstanding loan portfolio to more than $50 million. Through this lending, 815 units of housing were created or preserved. In addition, the Genesis Fund's lending reached over 7,500 additional people through support of preserved and expanded food pantries, recovery services, and community development. The Genesis Fund also provided over 2,700 hours of professional guidance to dozens of projects in FY26, helping to create affordable housing and community facilities by sharing professional knowledge to develop these projects.Expenses $3,772,030 · revenue $3,068,349
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 March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | 990 on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 01-0461436
- 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
- 1992
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X20J)
- Assets (IRS master file)
- $68,327,582
- Income (IRS master file)
- $5,428,902
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2026 | $5,428,902 | $4,028,935 | $68,327,582 | XML |
| 990 | March 2025 | $7,893,479 | $4,792,709 | $66,598,190 | XML |
| 990 | March 2024 | $4,780,412 | $2,908,668 | $53,555,012 | XML |
| 990 | March 2023 | $5,492,811 | $3,768,229 | $46,225,096 | IRS |
| 990 | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | 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 01-0461436).
Questions about GENESIS FUND
- What is the EIN of GENESIS FUND?
- The employer identification number (EIN) of GENESIS FUND is 01-0461436.
- Is GENESIS FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to GENESIS FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GENESIS FUND 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 FUND due?
- The return for tax year 2026 (the year ending March 31, 2027) is due August 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GENESIS FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2026.
- Who is the principal officer of GENESIS FUND?
- The 990 for the year ended March 31, 2026 names Elizabeth Fleming-Ives.
- Who are the officers and directors of GENESIS FUND?
- The 990 for the year ended March 31, 2026 lists 19 people; 7 received compensation from the organization, the highest $241,089 (Elizabeth Fleming-Ives, Executive Director).
- How much revenue does GENESIS FUND have?
- On its 990 for the year ended March 31, 2026 it reported revenue of $5,428,902, expenses of $4,028,935 and total assets of $68,327,582 at year end.
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