Operation Genesis INC FY2023 filing

Tax-deductible

San Francisco, CA501(c)(3)Foundations & GrantmakersEIN 47-4214116Revenue $316K in FY2023

On file with the IRSoperation-genesis.org1275 Fairfax Avenue Ste 231, 94124-1758 · San Francisco, CATax-exempt since Sep 2015Publicly supported charity — 170(b)(1)(A)(vi)

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Operation Genesis provides opportunities for atrisk youth to learn strategies for socioeconomic advancement combat generational poverty

501(c)(3) charity; gifts are tax-deductible.
54¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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
0 of 4
filings with a surplus
Average deficit $113K a year · 16% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
54%
of spending
Worth a look: 54% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$316K
-72% vs prior year
Spent
$413K
To programs
54%
Net assets
$19K
By yearFY2020–FY2024
Revenue
$316K
FY2023▼ -72%
Tap a bar for its year
Revenue by fiscal year
FY2020$85K
FY2021$939K
FY2022$1.1M
FY2023$316K
FY2024$516K
Expenses
$413K
FY2023▼ -69%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$1.1M
FY2022$1.3M
FY2023$413K
FY2024$517K
Net assets
$19K
FY2023▼ -76%
Tap a bar for its year
Net assets by fiscal year
FY2020$171K
FY2021$489K
FY2022$78K
FY2023$19K
FY2024$18K

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. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2015.

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

Where the money goes

54 cents of each dollar spent went to programs.

Program services 54% · $222K Management & general 46% · $191K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Tracy L Tate’s $13K as Treasurer is at the 12th percentile of top reported officer pay among 1265 $100K–1M philanthropy & grantmaking 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.

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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 at-risk youth with strategies to escape poverty and advance socioeconomically.

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Provided by the organization

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3 programs · $222K · in their own filed words · FY2023
01

Gathered various gang leaders from 7 of the highest gang-related neighborhoods to deter violence and develop social and personal skills that will help prevent violence and crime in their respective communities

$218Kprogram expense
02

Provides rental food and clothing assistance for low- income residents in the community. Also provides other supportive services for low- income residents such as utility assistance while ensuring essentials needs are met.

$4Kprogram expense
03

Provides mentorship and guidance on obtaining careers in law enforcement and gives exposure to youth looking for jobs and employment in various career fields. The program includes a social component that focus on entrepreneurship and business as well as a component of self esteem.

Pt IX · col B

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 · FY2023
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$316K
Ln 12
Gifts and grantsLn 1h$316K
Money outPt IX
$413K
Ln 25
Programscol B$222K
Managementcol C$191K
Owns and owesPt X
$19K
net assets · Ln 32
Cash and savingsLn 1–2$16K
Total assetsLn 16$19K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$316K
Government grantsLn 1e$113K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$316K
Assets in detailPt X, end of year
CashLn 1$16K
SavingsLn 2$0
Cash and savings togetherLn 1–2$16K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$19K
LiabilitiesLn 26$0
Net assetsLn 32$19K
OperationsPt I, VI
EmployeesI 522
VolunteersI 610
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$107K$16K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$8K$0
Total assetsLn 16$118K$19K
LiabilitiesLn 26$40K$0
Net assetsLn 32$78K$19K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$213K$135K$77K$0
Pension plan contributionsLn 8$1K$1K$0$0
Other employee benefitsLn 9$6K$0$6K$0
Payroll taxesLn 10$45K$24K$21K$0
Management feesLn 11a$13K$0$13K$0
Legal feesLn 11b$2K$2K$0$0
Accounting feesLn 11c$18K$0$18K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$9K$5K$4K$0
Information technologyLn 14$350$0$350$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$70K$32K$37K$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$14K$0$14K$0
Other expenses (24a–d)Ln 24$22K$22K$0$0
Total functional expensesLn 25$413K$222K$191K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $516K$517K−$759$18K 990 PDF
FY2023 Viewing $316K$413K−$97K$19K 990 PDF
FY2022 $1.1M$1.3M−$203K$78K 990 PDF
FY2021 $939K$1.1M−$152K$489K 990 PDF
FY2020 $85K$171K 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 $316,176 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,141,178$316,176
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,141,178$316,176
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $873,337$265,531
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $470,694$147,613
I-18 Total expensesPrior year $1,344,031$413,144
I-19 Revenue less expensesPrior year −$202,853−$96,968
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $316,176 across 13 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$113,306
VIII-1f All other contributions, gifts and grants$202,870
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$316,176
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$316,176
Part IX · Statement of functional expenses $413,144 across 26 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $135,210 · Management $77,324 · Fundraising $0$212,534
IX-8 Pension plan contributionsPrograms $1,438 · Management $0 · Fundraising $0$1,438
IX-9 Other employee benefitsPrograms $0 · Management $6,278 · Fundraising $0$6,278
IX-10 Payroll taxesPrograms $24,317 · Management $20,964 · Fundraising $0$45,281
IX-11a Management feesPrograms $0 · Management $13,000 · Fundraising $0$13,000
IX-11b Legal feesPrograms $1,542 · Management $0 · Fundraising $0$1,542
IX-11c Accounting feesPrograms $0 · Management $18,138 · Fundraising $0$18,138
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $5,341 · Management $4,131 · Fundraising $0$9,472
IX-14 Information technologyPrograms $0 · Management $350 · Fundraising $0$350
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $32,302 · Management $37,290 · Fundraising $0$69,592
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $13,531 · Fundraising $0$13,531
IX-24 Other expenses (24a–d)Programs $21,988 · Management $0 · Fundraising $0$21,988
IX-25 Total functional expensesPrograms $222,138 · Management $191,006 · Fundraising $0$413,144
Part X · Balance sheet $18,829 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $106,902$16,129
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $2,700$2,700
X-10c Land, buildings and equipment, netStart of year $8,430$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $118,032$18,829
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $39,893$0
X-26 Total liabilitiesStart of year $39,893$0
X-27 Net assets without donor restrictionsStart of year $78,139$18,829
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $78,139$18,829
X-33 Total liabilities and net assetsStart of year $118,032$18,829
Part XI · Reconciliation of net assets $18,829 net assets at year end
XI-1 Total revenue$316,176
XI-2 Total expenses$413,144
XI-3 Revenue less expenses−$96,968
XI-4 Net assets at start of year$78,139
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$37,658
XI-10 Net assets at end of year$18,829

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

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