Genesis INC FY2020 filing

Tax-deductible

Des Moines, IA501(c)(3)Youth DevelopmentEIN 80-0965193

Empower underserved youth and young adults through sports and the arts while engaging them in educational opportunities to become effective leaders and productive citizens. Genesis attempts to "level the playing field" for Genesis immigrant/refugee children - primarily first-generation Africans - in central Iowa.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$66K 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

FY2020 · 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
3 of 5
filings with a surplus
Average surplus $72K a year · 16% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$66K
to officers and key staff · 40% of spending
Concern: pay to officers and key staff is 40% of spending; over 30%.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 12.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $251K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$28K
14% of total assets
Looks good: liabilities are 14% 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
$274K
Spent
$165K
To programs
70%
Net assets
$169K
By yearFY2020–FY2024
Revenue
$274K
FY2020
Revenue by fiscal year
FY2020$274K
FY2021$617K
FY2022$528K
FY2023$395K
FY2024$450K
Expenses
$165K
FY2020
Expenses by fiscal year
FY2020$165K
FY2021$252K
FY2022$379K
FY2023$516K
FY2024$593K
Net assets
$169K
FY2020
Net assets by fiscal year
FY2020$169K
FY2021$534K
FY2022$682K
FY2023$561K
FY2024$412K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Nov 2014.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $116K Management & general 29% · $47K Fundraising 1% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

10 people listed on the 990; $66K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$65,731Pt VII · Sec A
Board Chairman
$0Pt VII · Sec A
Board Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Grants
$0Pt VII · Sec A
$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.

See Genesis INC 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 15aYes

Programs and updates

Empowers underserved youth through sports, arts, and education to foster leadership and citizenship.

Provided by the organization

This section is blank until Genesis INC claims this page.

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3 program services account for $116K of program spending, described in the organization's own filed words · FY2020.
01

Genesis operated year-round and we provided afterschool programming to over 250 youth

$61Kprogram expense
02

Genesis provided soccer playing opportunity for over 100 boys and girls ages 8 -17.

$41Kprogram expense
03

Year-round arts program including sewing, art and craft, performing arts and cooking and we served over 70 youth.

$14Kprogram expense

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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 3 funders$251K
See all 3 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$274K
Ln 12
Gifts and grantsLn 1h$274K
Money outPt IX
$165K
Ln 25
Programscol B$116K
Managementcol C$47K
Fundraisingcol D$2K
Owns and owesPt X
$169K
net assets · Ln 32
Cash and savingsLn 1–2$176K
Total assetsLn 16$198K
LiabilitiesLn 26$28K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$274K
Government grantsLn 1e$15K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$32K
Total revenueLn 12$274K
Assets in detailPt X, end of year
CashLn 1$176K
Cash and savings togetherLn 1–2$176K
Land, buildings, equipmentLn 10c$14K
Total assetsLn 16$198K
LiabilitiesLn 26$28K
Net assetsLn 32$169K
OperationsPt I, VI
EmployeesI 54
VolunteersI 630
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 FY20End FY20
Cash and savingsLn 1–2$60K$176K
Land, buildings, equipmentLn 10c$14K
Total assetsLn 16$60K$198K
LiabilitiesLn 26$0$28K
Net assetsLn 32$60K$169K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Pay of current officers, directors and key staffLn 5$72K$37K$35K
Payroll taxesLn 10$14K$14K
Management feesLn 11a$58K$54K$4K
Accounting feesLn 11c$918$918
Professional fundraising feesLn 11e$2K$2K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$2K$2K
Information technologyLn 14$735$735
OccupancyLn 16$5K$5K
TravelLn 17$5K$5K
InsuranceLn 23$3K$3K
Total functional expensesLn 25$165K$116K$47K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $450K$593K−$143K$412K 990 PDF
FY2023 $395K$516K−$121K$561K 990 PDF
FY2022 $528K$379K$150K$682K 990 PDF
FY2021 $617K$252K$365K$534K 990 PDF
FY2020 Viewing $274K$165K$109K$169K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $274,047 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$32,292
VIII-1d Related organizations$0
VIII-1e Government grants$15,000
VIII-1f All other contributions, gifts and grants$226,755
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$274,047
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$274,047
Part IX · Statement of functional expenses $165,410 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $36,629 · Management $35,027$71,656
IX-10 Payroll taxesPrograms $13,606$13,606
IX-11a Management feesPrograms $53,775 · Management $4,104$57,879
IX-11c Accounting feesPrograms $918$918
IX-11e Professional fundraising feesFundraising $2,318$2,318
IX-12 Advertising and promotionPrograms $3,011$3,011
IX-13 Office expensesManagement $2,382$2,382
IX-14 Information technologyManagement $735$735
IX-16 OccupancyManagement $5,112$5,112
IX-17 TravelPrograms $4,589$4,589
IX-23 InsurancePrograms $3,204$3,204
IX-25 Total functional expensesPrograms $115,732 · Management $47,360 · Fundraising $2,318$165,410
Part X · Balance sheet $197,900 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $60,074$175,795
X-3 Pledges and grants receivable$8,000
X-9 Prepaid expenses and deferred charges$405
X-10c Land, buildings and equipment, net$13,700
X-16 Total assetsStart of year $60,074$197,900
X-17 Accounts payable and accrued expensesStart of year $0$8,414
X-19 Deferred revenue$20,000
X-26 Total liabilitiesStart of year $0$28,414
X-27 Net assets without donor restrictionsStart of year $60,074$169,486
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $60,074$169,486
X-33 Total liabilities and net assetsStart of year $60,074$197,900
Part XI · Reconciliation of net assets $169,486 net assets at year end
XI-1 Total revenue$274,047
XI-2 Total expenses$165,410
XI-3 Revenue less expenses$108,637
XI-4 Net assets at start of year$60,074
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$775
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$169,486

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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