Genesys Works FY2023 filing

Tax-deductible

Keller, TX501(c)(3)Since 2002EducationEIN 03-0440761

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To provide pathways to career success for high school students in underserved communities.

501(c)(3) charity; gifts are tax-deductible.
54¢ of each $1 spent went to programs.
$2.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $2.1M a year · 17% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
54%
of spending
Worth a look: 54% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.4M
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
17
named funders · $5.8M
Looks good: 17 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.3M
+27% vs prior year
Spent
$11.6M
To programs
54%
Net assets
$4.7M
By yearFY2020–FY2024
Revenue
$12.3M
FY2023▲ +27%
Revenue by fiscal year
FY2020$6.1M
FY2021$7.9M
FY2022$9.8M
FY2023$12.3M
FY2024$23.9M
Expenses
$11.6M
FY2023▲ +31%
Expenses by fiscal year
FY2020$7.5M
FY2021$6.8M
FY2022$8.9M
FY2023$11.6M
FY2024$14.9M
Net assets
$4.7M
FY2023▲ +18%
Net assets by fiscal year
FY2020$2.0M
FY2021$3.1M
FY2022$3.9M
FY2023$4.7M
FY2024$13.7M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

54 cents of each dollar spent went to programs.

Program services 54% · $6.3M Management & general 34% · $4.0M Fundraising 11% · $1.3M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

24 people listed on the 990; $2.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$372,957Pt VII · Sec A
Executive Director - Gwncr
$199,113Pt VII · Sec A
Executive Director - Gwnyc
$189,737Pt VII · Sec A
Chief Services Officer
$188,888Pt VII · Sec A
Chief Financial Officer
$187,404Pt VII · Sec A
Chief Strategic Growth Officer
$183,138Pt VII · Sec A
Chief Information Officer
$182,057Pt VII · Sec A
Chief Operating Officer
$167,018Pt VII · Sec A

Artis Jeffrey H’s $355K as Chief Executive Officer is at the 74th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Artis Jeffrey H$355,227$372,957$325,478$316,301—
David a Williams————$236,907
Amanda Snead$201,657$188,888———
Gross Michael$201,209$189,737$187,525$171,025—
Waldron Selvon$197,194$199,113$158,953$99,525—
Stefany Williams$195,049$187,404———
Grant Jameson J$185,673$183,138$152,598——
Demars Michelle L———$184,123—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Genesys Works executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers underserved high school students through professional skills training, corporate internships, mentorship, and support with college admissions and scholarships to launch successful careers.

Provided by the organization

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1 program · $6.3M · in their own filed words · FY2023
01

Genesys works (EIN#03-0440761), as the parent organization, provides leadership and central services to subsidiaries included in genesys works group return (ein #90-0757035), enabling them to successfully carry out the mission of changing the trajectory of inner-city high school students by providing them with training, meaningful…

$6.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 17 funders →
Grants paid · 1 grant · $212K · 2024–2024
Genesys Works NationalFY2024$211,678

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$12.3M
Ln 12
Gifts and grantsLn 1h$6.3M
Fees for servicesLn 2g$6.0M
Investment incomeLn 3$72K
Money outPt IX
$11.6M
Ln 25
Programscol B$6.3M
Managementcol C$4.0M
Fundraisingcol D$1.3M
Owns and owesPt X
$4.7M
net assets · Ln 32
Cash and savingsLn 1–2$4.1M
Total assetsLn 16$6.0M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
24
listed · VII A
PaidVII A14
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.3M
Noncash giftsLn 1g$2K
Fundraising eventsLn 1c$120K
Fees for servicesLn 2g$6.0M
Investment incomeLn 3$72K
Other incomeLn 4–11$9K
Total revenueLn 12$12.3M
Assets in detailPt X, end of year
CashLn 1$748K
SavingsLn 2$3.4M
Cash and savings togetherLn 1–2$4.1M
Land, buildings, equipmentLn 10c$152K
Other assetsLn 15$746K
Total assetsLn 16$6.0M
LiabilitiesLn 26$1.3M
Net assetsLn 32$4.7M
OperationsPt I, VI
EmployeesI 5189
VolunteersI 6120
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$2.8M$4.1M
Land, buildings, equipmentLn 10c$217K$152K
Total assetsLn 16$5.4M$6.0M
LiabilitiesLn 26$1.5M$1.3M
Net assetsLn 32$3.9M$4.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.9M$746K$998K$178K
Other salaries and wagesLn 7$5.5M$3.9M$852K$775K
Pension plan contributionsLn 8$35K$25K$10K
Other employee benefitsLn 9$262K$110K$112K$41K
Payroll taxesLn 10$534K$344K$124K$66K
Legal feesLn 11b$136$136
Accounting feesLn 11c$242K$242K
Professional fundraising feesLn 11e$41K$41K
Other fees for servicesLn 11g$808K$238K$542K$28K
Advertising and promotionLn 12$21K$14K$2K$5K
Office expensesLn 13$34K$26K$7K$1K
Information technologyLn 14$1.0M$385K$630K$21
OccupancyLn 16$395K$232K$68K$95K
TravelLn 17$52K$36K$12K$5K
Conferences, conventions and meetingsLn 19$223K$56K$117K$50K
Payments to affiliatesLn 21$72K$72K
Depreciation, depletion and amortizationLn 22$65K$28K$37K
InsuranceLn 23$65K$6K$59K
Other expenses (24a–d)Ln 24$357K$156K$179K$22K
Total functional expensesLn 25$11.6M$6.3M$4.0M$1.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $23.9M$14.9M$9.1M$13.7M 990 PDF
FY2023 Viewing $12.3M$11.6M$723K$4.7M 990 PDF
FY2022 $9.8M$8.9M$881K$3.9M 990 PDF
FY2021 $7.9M$6.8M$1.1M$3.1M 990 PDF
FY2020 $6.1M$7.5M−$1.4M$2.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (5 parts)
Part I · Summary $12,347,506 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,310,216$6,251,891
I-9 Program service revenuePrior year $4,417,540$6,014,609
I-10 Investment incomePrior year $0$71,598
I-11 Other revenuePrior year $32,003$9,408
I-12 Total revenuePrior year $9,759,759$12,347,506
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $5,729,647$8,233,837
I-16a Professional fundraising feesPrior year $46,320$41,275
I-17 Other expensesPrior year $3,103,062$3,349,327
I-18 Total expensesPrior year $8,879,029$11,624,439
I-19 Revenue less expensesPrior year $880,730$723,067
Part VIII · Statement of revenue $12,347,506 across 10 lines filed
VIII-1c Fundraising events$119,636
VIII-1f All other contributions, gifts and grants$6,132,255
VIII-1g Noncash contributions (included above)$2,199
VIII-1h Total contributions, gifts and grants$6,251,891
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,014,609$6,014,609
VIII-3 Investment incomeExcluded from tax $71,598$71,598
VIII-6 Net rental income or lossExcluded from tax $71,187$71,187
VIII-8 Net income from fundraising eventsExcluded from tax −$67,664−$67,664
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $5,885$5,885
VIII-12 Total revenueRelated to mission $6,014,609 · Unrelated business $0 · Excluded from tax $81,006$12,347,506
Part IX · Statement of functional expenses $11,624,439 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $746,467 · Management $998,392 · Fundraising $178,250$1,923,109
IX-7 Other salaries and wagesPrograms $3,851,665 · Management $852,411 · Fundraising $775,462$5,479,538
IX-8 Pension plan contributionsPrograms $25,382 · Fundraising $9,618$35,000
IX-9 Other employee benefitsPrograms $109,743 · Management $111,857 · Fundraising $40,805$262,405
IX-10 Payroll taxesPrograms $343,883 · Management $123,904 · Fundraising $65,998$533,785
IX-11b Legal feesManagement $136$136
IX-11c Accounting feesManagement $241,845$241,845
IX-11e Professional fundraising feesFundraising $41,275$41,275
IX-11g Other fees for servicesPrograms $238,292 · Management $541,724 · Fundraising $28,365$808,381
IX-12 Advertising and promotionPrograms $13,747 · Management $1,553 · Fundraising $5,249$20,549
IX-13 Office expensesPrograms $26,122 · Management $6,929 · Fundraising $1,192$34,243
IX-14 Information technologyPrograms $385,324 · Management $630,301 · Fundraising $21$1,015,646
IX-16 OccupancyPrograms $231,968 · Management $68,037 · Fundraising $95,134$395,139
IX-17 TravelPrograms $35,678 · Management $11,883 · Fundraising $4,505$52,066
IX-19 Conferences, conventions and meetingsPrograms $56,368 · Management $117,424 · Fundraising $49,585$223,377
IX-21 Payments to affiliatesPrograms $71,774$71,774
IX-22 Depreciation, depletion and amortizationPrograms $28,343 · Management $36,616$64,959
IX-23 InsurancePrograms $5,735 · Management $58,822$64,557
IX-24 Other expenses (24a–d)Programs $155,928 · Management $179,181 · Fundraising $21,546$356,655
IX-25 Total functional expensesPrograms $6,326,419 · Management $3,981,015 · Fundraising $1,317,005$11,624,439
Part X · Balance sheet $6,016,958 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $2,604,105$748,273
X-2 Savings and temporary cash investmentsStart of year $210,339$3,401,420
X-3 Pledges and grants receivableStart of year $612,500$176,500
X-4 Accounts receivableStart of year $384,344$435,575
X-9 Prepaid expenses and deferred chargesStart of year $381,440$356,779
X-10c Land, buildings and equipment, netStart of year $217,243$152,285
X-15 Other assetsStart of year $1,017,922$746,126
X-16 Total assetsStart of year $5,427,893$6,016,958
X-17 Accounts payable and accrued expensesStart of year $549,686$576,225
X-25 Other liabilitiesStart of year $933,953$773,412
X-26 Total liabilitiesStart of year $1,483,639$1,349,637
X-27 Net assets without donor restrictionsStart of year $1,958,098$2,581,728
X-28 Net assets with donor restrictionsStart of year $1,986,156$2,085,593
X-32 Total net assets or fund balancesStart of year $3,944,254$4,667,321
X-33 Total liabilities and net assetsStart of year $5,427,893$6,016,958
Part XI · Reconciliation of net assets $4,667,321 net assets at year end
XI-1 Total revenue$12,347,506
XI-2 Total expenses$11,624,439
XI-3 Revenue less expenses$723,067
XI-4 Net assets at start of year$3,944,254
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,667,321

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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