Genesis INC EIN 80-0965193 Form 990 (PDF) Claim this org

Genesis INC

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Empowers underserved youth through sports, arts, and education to foster leadership and citizenship. For fiscal year 2024 it reported $450K in revenue, $593K in expenses, and $412K in net assets.Pt I

Type
Public charity (501(c)(3)) · Youth Development
Location
Des Moines, IA
Website
genesisyouthfoundation.org
Filings
5 on file (2020–2024)
Revenue
$450KFY2024
Expenses
$593K
Net assets
$412K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  80-0965193 Public charity (501(c)(3)) Des Moines, IA
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowers underserved youth through sports, arts, and education to foster leadership and citizenship.
Leadership
Samuel Gabriel · Executive Director · $79K
Money in and out
$450K revenue, $593K expenses
Bottom line
65% program efficiency
Where the money goes · FY2024
Total revenue
$450K
Pt VIII · Ln 12
Total expenses
$593K
Pt IX · Ln 25
Net assets
$412K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$143K
Where spending went · Part IX cols B–D
Program services $0.65 Management & general $0.33 Fundraising $0.02
Program efficiency
65%
of spending reaches programs▲ +10% vs prior filing year
Operating runway
7.3mo
months of highly liquid reserves at operating expense rate▼ -37% vs prior filing year
Surplus margin
-32%
revenue over expenses, this year▼ -4% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$450K
FY2024▲ +14%
Expenses
$593K
FY2024▲ +15%
Total assets
$412K
FY2024▼ -27%
Total liabilities
$0
FY2024
Revenue less expensesPt I · Ln 19−$143K
Total assetsPt X · Ln 16$412K
Program-expense ratioPt IX · col B65%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGenesis INC
EINHdr · item D80-0965193
Principal addressHdr · item CDes Moines, IA
WebsiteHdr · item Jgenesisyouthfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFNov 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$79,262Pt VII · Sec A
Board President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Samuel Gabriel’s $79K as Executive Director is at the 71st percentile of top reported officer pay among 1992 $100K–1M youth development 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Samuel Gabriel$79,262$74,200
Samuel Gabriel$72,000$78,210$65,731

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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Mission & Programs · Part III

Where the work happens

3 program services account for $71K of program spending, described in the organization's own filed words · FY2024.
01

Family support services. At genesis youth foundation we believe that when families are supported youth thrive. Our family support program is designed to meet the unique needs of immigrant and refugee families as they adjust to life in the united states.

$27Kprogram expense
02

Empowering youth to lead with purpose the ubuntu leadership academy at genesis youth foundation is a transformative leadership program for immigrant and refugee youth in grades 312. Rooted in the african philosophy of ubuntu which means I am because we are the program cultivates young servant leaders who understand the value of community…

$23Kprogram expense
03

Genesis football club to level the playing field by providing access to quality soccer training mentorship and life skills for youth from underserved communities.

$21Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$440K · 98%
Investment income$10K · 2%
Contributions & grants98%$440K
Investment income2%$10K
— government grantsLn 1e$98K
Total revenueLn 12$450K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.65 Management & general $0.33 Fundraising $0.02
Program services65%$384K
Management & general33%$194K
Fundraising2%$14K
Total functional expensesLn 25$593K

Balance Sheet

Part X · end of year
CashLn 1$359K
Total assetsLn 16$412K
Total liabilitiesLn 26$0
Total net assetsLn 32$412K
Months of cash on handcomputed7.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $359K · Operating expenses/yr $593K
7.3 months
Where the money goes
Program services
Program services $384K · Total expenses $593K
65%
Management & General
Management & general $194K · Total expenses $593K
33%
Fundraising
Fundraising $14K · Total expenses $593K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $6K · Solicited contributions (3-yr avg) $350K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $440K · Total revenue $450K
98%
Government reliance
Government grants $98K · Total revenue $450K
22%
Earned-income share
Program service revenue $0 · Total revenue $450K
0%
Investment reliance
Investment income $10K · Total revenue $450K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $593K
0%
Growth & trend
Revenue growth (YoY)
This year $450K · Prior year $395K
+14%
Revenue CAGR
FY2020 $274K · FY2024 $450K
+13%
Net-asset trend (YoY)
End of year $412K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $450K · Expenses $593K
-32%
Liabilities-to-Assets
Total liabilities — · Total assets $412K
Net-asset ratio
Net assets $412K · Total assets $412K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $412K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Samuel Gabriel · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $79K · Total expenses $593K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $313K · Total expenses $593K
53%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 65%
Overhead ratio 33%
Fundraising cost ratio 3%
Revenue growth 14%
Accounting fee ratio 14%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$251K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$450K revenue · viewing · ⤓ 990 PDF
FY2023$395K revenue · ⤓ 990 PDF
FY2022$528K revenue · ⤓ 990 PDF
FY2021$617K revenue · ⤓ 990 PDF
FY2020$274K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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