Genesis School INC FY2023 filing

Tax-deductible

Kansas City, MO501(c)(3)Since 1975EducationEIN 43-1196717Revenue $5.5M in FY2023

On file with the IRSgenesisschool.org3800 E 44th St, 64130-2168 · Kansas City, MOTax-exempt since Oct 1980School — 170(b)(1)(A)(ii)

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Genesis School, INC. Endows students with the knowledge, skill and mindset to be successful in a college preparatory high School.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$126K 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $158K a year · 4% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$126K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $77K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$12K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 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
$5.5M
+27% vs prior year
Spent
$5.0M
To programs
75%
Net assets
$3.3M
By yearFY2020–FY2025
Revenue
$5.5M
FY2023▲ +27%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.8M
FY2021$4.7M
FY2022$4.3M
FY2023$5.5M
FY2024$4.5M
FY2025$4.0M
Expenses
$5.0M
FY2023▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.3M
FY2021$3.9M
FY2022$4.3M
FY2023$5.0M
FY2024$4.1M
FY2025$4.2M
Net assets
$3.3M
FY2023▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.0M
FY2021$2.8M
FY2022$2.8M
FY2023$3.3M
FY2024$3.7M
FY2025$3.5M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1980.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $3.7M Management & general 25% · $1.3M Fundraising 0% · $17K

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

11 people listed on the 990; $126K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Di
$93,448Pt VII · Sec A
Finance Dire
$32,716Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Kevin Foster’s $104K as Executive Di is at the 34th percentile of top reported officer pay among 3394 $1–10M 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kevin Foster$104,204$96,519$93,448$93,448$93,448$93,448
Ron Dempsey$42,488$86,336$32,716———
Bennie Jackson———$71,231$70,831$70,471

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.

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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

Equipping students with knowledge and skills for college prep success.

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Provided by the organization

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1 program · $3.7M · in their own filed words · FY2022
01

Operate and maintain an educational institute serving 228 enrolled students in school grades k through 8 and provision of related community educational services.

$3.7Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$77K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$5.5M
Ln 12
Fees for servicesLn 2g$4.9M
Gifts and grantsLn 1h$465K
Investment incomeLn 3$92K
Money outPt IX
$5.0M
Ln 25
Programscol B$3.7M
Managementcol C$1.3M
Fundraisingcol D$17K
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$3.3M
LiabilitiesLn 26$12K
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$465K
Government grantsLn 1e$303K
Fees for servicesLn 2g$4.9M
Investment incomeLn 3$92K
Total revenueLn 12$5.5M
Assets in detailPt X, end of year
CashLn 1$1.4M
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$1.6M
Land, buildings, equipmentLn 10c$333K
Total assetsLn 16$3.3M
LiabilitiesLn 26$12K
Net assetsLn 32$3.3M
OperationsPt I, VI
EmployeesI 561
VolunteersI 630
Fiscal year endsHeaderJune
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$978K$1.4M
InvestmentsLn 11–13$1.6M
Land, buildings, equipmentLn 10c$332K$333K
Total assetsLn 16$2.8M$3.3M
LiabilitiesLn 26$6K$12K
Net assetsLn 32$2.8M$3.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$2.0M$1.5M$529K
Pension plan contributionsLn 8$231K$171K$59K
Other employee benefitsLn 9$265K$205K$60K
Payroll taxesLn 10$154K$114K$40K
Legal feesLn 11b$195K$195K
Accounting feesLn 11c$14K$14K
Office expensesLn 13$3K$2K$960
OccupancyLn 16$259K$259K
TravelLn 17$3K$822$2K
Depreciation, depletion and amortizationLn 22$28K$23K$5K
InsuranceLn 23$71K$71K
Other expenses (24a–d)Ln 24$1.5M$1.3M$208K$17K
All other expensesLn 24e$259K$189K$70K
Total functional expensesLn 25$5.0M$3.7M$1.3M$17K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.0M$4.2M−$191K$3.5M 990 PDF
FY2024 $4.5M$4.1M$397K$3.7M 990 PDF
FY2023 Viewing $5.5M$5.0M$484K$3.3M 990 PDF
FY2022 $4.3M$4.3M$32K$2.8M 990 PDF
FY2021 $4.7M$3.9M$747K$2.8M 990 PDF
FY2020 $3.8M$4.3M−$524K$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 (6 parts)
Part I · Summary $5,501,247 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $537,108$464,590
I-9 Program service revenuePrior year $3,722,235$4,944,428
I-10 Investment incomePrior year $68,642$92,229
I-11 Other revenue$0
I-12 Total revenuePrior year $4,327,985$5,501,247
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,471,626$2,698,893
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,824,042$2,318,596
I-18 Total expensesPrior year $4,295,668$5,017,489
I-19 Revenue less expensesPrior year $32,317$483,758
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,501,247 across 6 lines filed
VIII-1e Government grants$303,120
VIII-1f All other contributions, gifts and grants$161,470
VIII-1h Total contributions, gifts and grants$464,590
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,944,428$4,944,428
VIII-3 Investment incomeExcluded from tax $92,229$92,229
VIII-12 Total revenueRelated to mission $4,944,428 · Excluded from tax $92,229$5,501,247
Part IX · Statement of functional expenses $5,017,489 across 13 lines filed
IX-7 Other salaries and wagesPrograms $1,520,660 · Management $528,791$2,049,451
IX-8 Pension plan contributionsPrograms $171,283 · Management $59,359$230,642
IX-9 Other employee benefitsPrograms $205,105 · Management $59,748$264,853
IX-10 Payroll taxesPrograms $113,849 · Management $40,098$153,947
IX-11b Legal feesManagement $195,477$195,477
IX-11c Accounting feesManagement $13,864$13,864
IX-13 Office expensesPrograms $1,838 · Management $960$2,798
IX-16 OccupancyPrograms $259,245$259,245
IX-17 TravelPrograms $822 · Management $2,121$2,943
IX-22 Depreciation, depletion and amortizationPrograms $23,102 · Management $4,726$27,828
IX-23 InsuranceManagement $71,032$71,032
IX-24 Other expenses (24a–d)Programs $1,261,059 · Management $208,193 · Fundraising $17,156$1,486,408
IX-24e All other expensesPrograms $188,511 · Management $70,490$259,001
IX-25 Total functional expensesPrograms $3,745,474 · Management $1,254,859 · Fundraising $17,156$5,017,489
Part X · Balance sheet $3,304,642 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $978,246$1,414,945
X-10c Land, buildings and equipment, netStart of year $331,823$332,832
X-11 Publicly traded securities$647,848
X-12 Other securities$909,017
X-16 Total assetsStart of year $2,814,107$3,304,642
X-17 Accounts payable and accrued expensesStart of year $5,721$12,498
X-26 Total liabilitiesStart of year $5,721$12,498
X-27 Net assets without donor restrictionsStart of year $2,758,110$3,292,144
X-32 Total net assets or fund balancesStart of year $2,808,386$3,292,144
X-33 Total liabilities and net assetsStart of year $2,814,107$3,304,642
Part XI · Reconciliation of net assets $3,292,144 net assets at year end
XI-1 Total revenue$5,501,247
XI-2 Total expenses$5,017,489
XI-3 Revenue less expenses$483,758
XI-4 Net assets at start of year$2,808,386
XI-10 Net assets at end of year$3,292,144

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

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