Genspace Nyc FY2022 filing

Tax-deductible

Brooklyn, NY501(c)(3)EducationEIN 27-0947943

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Genspace's mission is to foster a safe and inclusive community where all people including those from non-traditional and underrepresented backgrounds can experientially learn, boldly create, and meaningfully grow with the life sciences. We envision a world where everyone is empowered to use the life sciences to explore questions and develop applications that are connected to their lives and rooted in their communities.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$105K 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

FY2022 · 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
2 of 5
filings with a surplus
Average surplus $33K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$105K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $127K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$64K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+128% vs prior year
Spent
$681K
To programs
81%
Net assets
$768K
By yearFY2020–FY2024
Revenue
$1.2M
FY2022▲ +128%
Revenue by fiscal year
FY2020$309K
FY2021$538K
FY2022$1.2M
FY2023$481K
FY2024$925K
Expenses
$681K
FY2022▲ +48%
Expenses by fiscal year
FY2020$472K
FY2021$459K
FY2022$681K
FY2023$742K
FY2024$956K
Net assets
$768K
FY2022▲ +241%
Net assets by fiscal year
FY2020$146K
FY2021$225K
FY2022$768K
FY2023$507K
FY2024$478K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2012-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Jun 2012.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $550K Management & general 11% · $74K Fundraising 8% · $57K

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

8 people listed on the 990; $105K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$105,426Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Casey Lardner’s $89K as Executive Dir. is at the 77th percentile of top reported officer pay among 1613 $100K–1M 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Elizabeth Tuck—$56,572$105,426$106,471$94,560
Casey Lardner$89,045————
Angela Armendariz————$67,111
Meredith Beckford-Smart$26,821$25,003———

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 Genspace Nyc 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 15aNo

Programs and updates

Empowers diverse communities to learn and create with life sciences.

Provided by the organization

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1 program service account for $550K of program spending, described in the organization's own filed words · FY2022.
01

We employ a range of informal education strategies to teach youth and adults the fundamental lab skills and scientific concepts they need to participate in the life sciences. Our programming prioritizes hands-on, collaborative, active learning based in biology education research best practices.

$550Kprogram expense

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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 5 funders →
Grants paid · 1 grant · $50K · 2022–2022
Black in GeneticsNY · FY2022$50,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.0M
Fees for servicesLn 2g$187K
Money outPt IX
$681K
Ln 25
Programscol B$550K
Managementcol C$74K
Fundraisingcol D$57K
Owns and owesPt X
$768K
net assets · Ln 32
Cash and savingsLn 1–2$341K
Total assetsLn 16$832K
LiabilitiesLn 26$64K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Government grantsLn 1e$61K
Noncash giftsLn 1g$69K
Fees for servicesLn 2g$187K
Gains on assetsLn 7$0
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$341K
SavingsLn 2$0
Cash and savings togetherLn 1–2$341K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$82K
Other assetsLn 15$12K
Total assetsLn 16$832K
LiabilitiesLn 26$64K
Net assetsLn 32$768K
OperationsPt I, VI
EmployeesI 56
VolunteersI 6177
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$217K$341K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3K$82K
Total assetsLn 16$282K$832K
LiabilitiesLn 26$57K$64K
Net assetsLn 32$225K$768K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$50K$50K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$105K$84K$11K$11K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$313K$250K$31K$31K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$15K$12K$2K$2K
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$19K$15K$2K$2K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$64K$51K$6K$6K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$97K$77K$16K$5K
All other expensesLn 24e$0
Total functional expensesLn 25$681K$550K$74K$57K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $925K$956K−$31K$478K 990 PDF
FY2023 $481K$742K−$261K$507K 990 PDF
FY2022 Viewing $1.2M$681K$543K$768K 990 PDF
FY2021 $538K$459K$79K$225K 990 PDF
FY2020 $309K$472K−$163K$146K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $1,223,804 across 11 lines filed
VIII-1e Government grants$61,295
VIII-1f All other contributions, gifts and grants$975,051
VIII-1g Noncash contributions (included above)$69,468
VIII-1h Total contributions, gifts and grants$1,036,346
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $187,458$187,458
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $187,458$1,223,804
Part IX · Statement of functional expenses $680,646 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $50,000$50,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $84,340 · Management $10,543 · Fundraising $10,543$105,426
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $250,212 · Management $31,276 · Fundraising $31,276$312,764
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $12,141 · Management $1,518 · Fundraising $1,518$15,177
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $2,353$2,353
IX-13 Office expensesPrograms $15,178 · Management $1,897 · Fundraising $1,898$18,973
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $50,907 · Management $6,363 · Fundraising $6,363$63,633
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $8,570$8,570
IX-23 InsuranceManagement $6,821$6,821
IX-24 Other expenses (24a–d)Programs $76,524 · Management $15,500 · Fundraising $4,905$96,929
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $550,225 · Management $73,918 · Fundraising $56,503$680,646
Part X · Balance sheet $831,946 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $217,092$341,028
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $50,000$397,367
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $2,891$81,551
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $12,000$12,000
X-16 Total assetsStart of year $281,983$831,946
X-17 Accounts payable and accrued expensesStart of year $10,626$13,726
X-18 Grants payable$50,000
X-26 Total liabilitiesStart of year $56,921$63,726
X-27 Net assets without donor restrictionsStart of year $125,062$346,524
X-28 Net assets with donor restrictionsStart of year $100,000$421,696
X-32 Total net assets or fund balancesStart of year $225,062$768,220
X-33 Total liabilities and net assetsStart of year $281,983$831,946
Part XI · Reconciliation of net assets $768,220 net assets at year end
XI-1 Total revenue$1,223,804
XI-2 Total expenses$680,646
XI-3 Revenue less expenses$543,158
XI-4 Net assets at start of year$225,062
XI-10 Net assets at end of year$768,220

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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