Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2009.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
3 people listed on the 990.
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 15aNo
Programs and updates
Provides pre-school and after-school programs for Yancey County residents.
Questions for Genesis Academy INC
Your first name shows with your question. Genesis Academy INC answers here, for everyone.
To provide a safe, structured learning enviroment for children of all races, creeds, and colors while showing children a lifestyle based on jesus' love for them.
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $100K | $149K |
| Land, buildings, equipmentLn 10c | $165K | $150K |
| Total assetsLn 16 | $266K | $312K |
| LiabilitiesLn 26 | $8K | $8K |
| Net assetsLn 32 | $258K | $304K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $183K | $183K | ||
| Payroll taxesLn 10 | $14K | $14K | ||
| Accounting feesLn 11c | $2K | $2K | ||
| Office expensesLn 13 | $2K | $2K | ||
| OccupancyLn 16 | $67K | $67K | ||
| Depreciation, depletion and amortizationLn 22 | $15K | $15K | ||
| InsuranceLn 23 | $5K | $5K | ||
| Other expenses (24a–d)Ln 24 | $40K | $40K | ||
| All other expensesLn 24e | $2K | $2K | ||
| Total functional expensesLn 25 | $330K | $330K | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Apr 29, 2026 | $321K | $341K | −$20K | $316K | 990 PDF |
| FY2024Filed with the IRS May 14, 2025 | $331K | $299K | $32K | $336K | 990 PDF |
| FY2023 ViewingFiled with the IRS May 13, 2024 | $376K | $330K | $46K | $304K | 990 PDF |
| FY2022Filed with the IRS May 15, 2023 | $333K | $294K | $39K | $258K | 990 PDF |
| FY2021Filed with the IRS May 16, 2022 | $274K | $222K | $52K | $218K | 990 PDF |
| FY2020Filed with the IRS Sep 14, 2021 | $176K | $176K | $207 | $167K | 990 PDF |
Schedules filed Part IV
See the full FY2023 990
Part I · Summary $376,238 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, 1 to look at
Part VIII · Statement of revenue $376,238 across 5 lines filed
Part IX · Statement of functional expenses $330,107 across 9 lines filed
Part X · Balance sheet $311,849 assets, 9 lines filed
Part XI · Reconciliation of net assets $303,973 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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