Genspace Nyc FY2023 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.
83¢ of each $1 spent went to programs.
$82K 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
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
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$82K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 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
$13K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 9 voting members
Looks good: 7 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$481K
-61% vs prior year
Spent
$742K
To programs
83%
Net assets
$507K
By yearFY2020–FY2024
Revenue
$481K
FY2023▼ -61%
Revenue by fiscal year
FY2020$309K
FY2021$538K
FY2022$1.2M
FY2023$481K
FY2024$925K
Expenses
$742K
FY2023▲ +9%
Expenses by fiscal year
FY2020$472K
FY2021$459K
FY2022$681K
FY2023$742K
FY2024$956K
Net assets
$507K
FY2023▼ -34%
Net assets by fiscal year
FY2020$146K
FY2021$225K
FY2022$768K
FY2023$507K
FY2024$478K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

83 cents of each dollar spent went to programs.

Program services 83% · $618K Management & general 9% · $69K Fundraising 8% · $56K

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

9 people listed on the 990; $82K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$56,572Pt VII · Sec A
$25,003Pt VII · Sec A
$0Pt VII · Sec A
$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 · $618K · in their own filed words · FY2023
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.

$618Kprogram 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 5 funders →
Grants paid · 1 grant · $50K · 2022–2022
Black in GeneticsNY · FY2022$50,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$481K
Ln 12
Fees for servicesLn 2g$245K
Gifts and grantsLn 1h$237K
Money outPt IX
$742K
Ln 25
Programscol B$618K
Managementcol C$69K
Fundraisingcol D$56K
Owns and owesPt X
$507K
net assets · Ln 32
Cash and savingsLn 1–2$237K
Total assetsLn 16$520K
LiabilitiesLn 26$13K
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$237K
Fundraising eventsLn 1c$15K
Fees for servicesLn 2g$245K
Gains on assetsLn 7$0
Total revenueLn 12$481K
Assets in detailPt X, end of year
CashLn 1$237K
SavingsLn 2$0
Cash and savings togetherLn 1–2$237K
InvestmentsLn 11–13$5K
Land, buildings, equipmentLn 10c$64K
Other assetsLn 15$13K
Total assetsLn 16$520K
LiabilitiesLn 26$13K
Net assetsLn 32$507K
OperationsPt I, VI
EmployeesI 56
VolunteersI 6177
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$341K$237K
InvestmentsLn 11–13$5K
Land, buildings, equipmentLn 10c$82K$64K
Total assetsLn 16$832K$520K
LiabilitiesLn 26$64K$13K
Net assetsLn 32$768K$507K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
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$82K$67K$7K$7K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$448K$367K$41K$40K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$13K$11K$1K$1K
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$25K$16K$9K
Advertising and promotionLn 12$3K$2K$242$234
Office expensesLn 13$19K$16K$2K$2K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$64K$52K$6K$5K
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$17K$17K
InsuranceLn 23$9K$7K$818$793
Other expenses (24a–d)Ln 24$62K$62K
All other expensesLn 24e$0
Total functional expensesLn 25$742K$618K$69K$56K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $925K$956K−$31K$478K 990 PDF
FY2023 Viewing $481K$742K−$261K$507K 990 PDF
FY2022 $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 FY2023 990 (5 parts)
Part I · Summary $480,940 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,036,346$236,764
I-9 Program service revenuePrior year $187,458$244,861
I-10 Investment income$0
I-11 Other revenue−$685
I-12 Total revenuePrior year $1,223,804$480,940
I-13 Grants and similar amounts paidPrior year $50,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $433,367$542,801
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $197,279$199,518
I-18 Total expensesPrior year $680,646$742,319
I-19 Revenue less expensesPrior year $543,158−$261,379
Part VIII · Statement of revenue $480,940 across 10 lines filed
VIII-1c Fundraising events$15,383
VIII-1f All other contributions, gifts and grants$221,381
VIII-1h Total contributions, gifts and grants$236,764
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $244,861$244,861
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−$685
VIII-12 Total revenueRelated to mission $244,861$480,940
Part IX · Statement of functional expenses $742,319 across 31 lines filed
IX-1 Grants to domestic organizations$0
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 $66,892 · Management $7,341 · Fundraising $7,342$81,575
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $366,573 · Management $41,357 · Fundraising $39,821$447,751
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $11,035 · Management $1,240 · Fundraising $1,200$13,475
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 servicesPrograms $15,509 · Management $9,413$24,922
IX-12 Advertising and promotionPrograms $2,154 · Management $242 · Fundraising $234$2,630
IX-13 Office expensesPrograms $15,733 · Management $1,919 · Fundraising $1,535$19,187
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $52,489 · Management $6,401 · Fundraising $5,121$64,011
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 $17,446$17,446
IX-23 InsurancePrograms $7,282 · Management $818 · Fundraising $793$8,893
IX-24 Other expenses (24a–d)Programs $62,429$62,429
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $617,542 · Management $68,731 · Fundraising $56,046$742,319
Part X · Balance sheet $519,841 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $341,028$236,735
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $397,367$201,414
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 $81,551$64,105
X-11 Publicly traded securities$0
X-12 Other securities$5,006
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $12,000$12,581
X-16 Total assetsStart of year $831,946$519,841
X-17 Accounts payable and accrued expensesStart of year $13,726$13,000
X-26 Total liabilitiesStart of year $63,726$13,000
X-27 Net assets without donor restrictionsStart of year $346,524$316,141
X-28 Net assets with donor restrictionsStart of year $421,696$190,700
X-32 Total net assets or fund balancesStart of year $768,220$506,841
X-33 Total liabilities and net assetsStart of year $831,946$519,841
Part XI · Reconciliation of net assets $506,841 net assets at year end
XI-1 Total revenue$480,940
XI-2 Total expenses$742,319
XI-3 Revenue less expenses−$261,379
XI-4 Net assets at start of year$768,220
XI-10 Net assets at end of year$506,841

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

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