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.
71¢ of each $1 spent went to programs.
$183K 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

FY2024 · 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
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$183K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 5.0 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
$3K
0.09% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 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
$4.5M
-18% vs prior year
Spent
$4.1M
To programs
71%
Net assets
$3.7M
By yearFY2020–FY2025
Revenue
$4.5M
FY2024▼ -18%
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
$4.1M
FY2024▼ -19%
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
$3.7M
FY2024▲ +12%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

71 cents of each dollar spent went to programs.

Program services 71% · $2.9M Management & general 29% · $1.2M Fundraising 0% · $16K

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

10 people listed on the 990; $183K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Di
$96,519Pt VII · Sec A
Finance Dire
$86,336Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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 · $2.9M · in their own filed words · FY2023
01

Operate and maintain an educational institute serving 210 enrolled students in school grades k through 8 and provision of related community educational services.

$2.9Mprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$4.5M
Ln 12
Fees for servicesLn 2g$4.3M
Gifts and grantsLn 1h$87K
Investment incomeLn 3$79K
Money outPt IX
$4.1M
Ln 25
Programscol B$2.9M
Managementcol C$1.2M
Fundraisingcol D$16K
Owns and owesPt X
$3.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$3.7M
LiabilitiesLn 26$3K
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$87K
Fees for servicesLn 2g$4.3M
Investment incomeLn 3$79K
Total revenueLn 12$4.5M
Assets in detailPt X, end of year
SavingsLn 2$1.7M
Cash and savings togetherLn 1–2$1.7M
InvestmentsLn 11–13$1.6M
Land, buildings, equipmentLn 10c$423K
Total assetsLn 16$3.7M
LiabilitiesLn 26$3K
Net assetsLn 32$3.7M
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 FY24End FY24
Cash and savingsLn 1–2$1.7M
InvestmentsLn 11–13$1.6M$1.6M
Land, buildings, equipmentLn 10c$333K$423K
Total assetsLn 16$3.3M$3.7M
LiabilitiesLn 26$12K$3K
Net assetsLn 32$3.3M$3.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.8M$1.3M$473K
Pension plan contributionsLn 8$196K$140K$56K
Other employee benefitsLn 9$294K$178K$116K
Payroll taxesLn 10$135K$99K$36K
Legal feesLn 11b$98K$98K
Accounting feesLn 11c$56K$56K
Office expensesLn 13$1K$1K
OccupancyLn 16$246K$246K
TravelLn 17$18K$16K$2K
Depreciation, depletion and amortizationLn 22$33K$29K$4K
InsuranceLn 23$38K$10K$28K
Other expenses (24a–d)Ln 24$1.0M$718K$295K$16K
All other expensesLn 24e$165K$143K$23K
Total functional expensesLn 25$4.1M$2.9M$1.2M$16K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.0M$4.2M−$191K$3.5M 990 PDF
FY2024 Viewing $4.5M$4.1M$397K$3.7M 990 PDF
FY2023 $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 R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $4,485,748 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $464,590$86,632
I-9 Program service revenuePrior year $4,944,428$4,319,954
I-10 Investment incomePrior year $92,229$79,162
I-11 Other revenue$0
I-12 Total revenuePrior year $5,501,247$4,485,748
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,698,893$2,404,025
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,318,596$1,684,353
I-18 Total expensesPrior year $5,017,489$4,088,378
I-19 Revenue less expensesPrior year $483,758$397,370
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $4,485,748 across 5 lines filed
VIII-1f All other contributions, gifts and grants$86,632
VIII-1h Total contributions, gifts and grants$86,632
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,319,954$4,319,954
VIII-3 Investment incomeExcluded from tax $79,162$79,162
VIII-12 Total revenueRelated to mission $4,319,954 · Excluded from tax $79,162$4,485,748
Part IX · Statement of functional expenses $4,088,378 across 13 lines filed
IX-7 Other salaries and wagesPrograms $1,306,215 · Management $473,204$1,779,419
IX-8 Pension plan contributionsPrograms $139,968 · Management $55,908$195,876
IX-9 Other employee benefitsPrograms $178,425 · Management $115,559$293,984
IX-10 Payroll taxesPrograms $98,804 · Management $35,942$134,746
IX-11b Legal feesManagement $97,702$97,702
IX-11c Accounting feesManagement $56,411$56,411
IX-13 Office expensesPrograms $1,083$1,083
IX-16 OccupancyPrograms $245,618$245,618
IX-17 TravelPrograms $16,014 · Management $2,101$18,115
IX-22 Depreciation, depletion and amortizationPrograms $29,017 · Management $4,254$33,271
IX-23 InsurancePrograms $10,000 · Management $28,042$38,042
IX-24 Other expenses (24a–d)Programs $717,589 · Management $294,761 · Fundraising $16,277$1,028,627
IX-24e All other expensesPrograms $142,614 · Management $22,870$165,484
IX-25 Total functional expensesPrograms $2,885,347 · Management $1,186,754 · Fundraising $16,277$4,088,378
Part X · Balance sheet $3,692,953 assets, 11 lines filed
X-2 Savings and temporary cash investments$1,719,533
X-10c Land, buildings and equipment, netStart of year $332,832$422,647
X-11 Publicly traded securitiesStart of year $647,848$626,113
X-12 Other securitiesStart of year $909,017$924,660
X-16 Total assetsStart of year $3,304,642$3,692,953
X-17 Accounts payable and accrued expensesStart of year $12,498$3,439
X-26 Total liabilitiesStart of year $12,498$3,439
X-27 Net assets without donor restrictionsStart of year $3,292,144$3,665,862
X-28 Net assets with donor restrictions$23,652
X-32 Total net assets or fund balancesStart of year $3,292,144$3,689,514
X-33 Total liabilities and net assetsStart of year $3,304,642$3,692,953
Part XI · Reconciliation of net assets $3,689,514 net assets at year end
XI-1 Total revenue$4,485,748
XI-2 Total expenses$4,088,378
XI-3 Revenue less expenses$397,370
XI-4 Net assets at start of year$3,292,144
XI-10 Net assets at end of year$3,689,514

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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