Genesis INC FY2021 filing

Tax-deductible

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

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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.
87¢ of each $1 spent went to programs.
$78K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$78K
to officers and key staff · 31% of spending
Concern: pay to officers and key staff is 31% of spending; over 30%.
Pt VII · Sec A
Cash reserves
23 mo
of spending, in cash
Looks good: 22.9 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
$9K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$617K
+125% vs prior year
Spent
$252K
To programs
87%
Net assets
$534K
By yearFY2020–FY2024
Revenue
$617K
FY2021▲ +125%
Revenue by fiscal year
FY2020$274K
FY2021$617K
FY2022$528K
FY2023$395K
FY2024$450K
Expenses
$252K
FY2021▲ +53%
Expenses by fiscal year
FY2020$165K
FY2021$252K
FY2022$379K
FY2023$516K
FY2024$593K
Net assets
$534K
FY2021▲ +215%
Net assets by fiscal year
FY2020$169K
FY2021$534K
FY2022$682K
FY2023$561K
FY2024$412K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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

87 cents of each dollar spent went to programs.

Program services 87% · $219K Management & general 13% · $33K Fundraising 0% · $404

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

7 people listed on the 990; $78K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$78,210Pt VII · Sec A
Board Chairman
$0Pt VII · Sec A
Board Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

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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

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3 program services account for $219K of program spending, described in the organization's own filed words · FY2021.
01

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

$125Kprogram expense
02

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

$54Kprogram expense
03

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

$40Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$617K
Ln 12
Gifts and grantsLn 1h$616K
Other incomeLn 4–11$1K
Money outPt IX
$252K
Ln 25
Programscol B$219K
Managementcol C$33K
Fundraisingcol D$404
Owns and owesPt X
$534K
net assets · Ln 32
Cash and savingsLn 1–2$481K
Total assetsLn 16$543K
LiabilitiesLn 26$9K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$616K
Government grantsLn 1e$160K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$18K
Other incomeLn 4–11$1K
Total revenueLn 12$617K
Assets in detailPt X, end of year
CashLn 1$481K
Cash and savings togetherLn 1–2$481K
Land, buildings, equipmentLn 10c$11K
Total assetsLn 16$543K
LiabilitiesLn 26$9K
Net assetsLn 32$534K
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 FY21End FY21
Cash and savingsLn 1–2$176K$481K
Land, buildings, equipmentLn 10c$14K$11K
Total assetsLn 16$198K$543K
LiabilitiesLn 26$28K$9K
Net assetsLn 32$169K$534K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$26K$26K
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$78K$58K$20K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$33K$33K
Pension plan contributionsLn 8$0$0
Other employee benefitsLn 9$0$0
Payroll taxesLn 10$8K$8K
Management feesLn 11a$0$0
Legal feesLn 11b$0$0
Accounting feesLn 11c$3K$3K
Lobbying feesLn 11d$0
Other fees for servicesLn 11g$2K$2K$51
Advertising and promotionLn 12$404$404
Office expensesLn 13$7K$2K$5K
Information technologyLn 14$1K$582$672
OccupancyLn 16$4K$3K$2K
TravelLn 17$5K$5K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$4K$2K$2K
Other expenses (24a–d)Ln 24$79K$78K$915$0
Total functional expensesLn 25$252K$219K$33K$404

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 Viewing $617K$252K$365K$534K 990 PDF
FY2020 $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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $617,228 across 10 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$17,771
VIII-1d Related organizations$0
VIII-1e Government grants$160,000
VIII-1f All other contributions, gifts and grants$438,382
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$616,153
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $1,075$1,075
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,075$617,228
Part IX · Statement of functional expenses $252,297 across 23 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $25,776$25,776
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $57,825 · Management $20,385$78,210
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $32,562$32,562
IX-8 Pension plan contributionsPrograms $0$0
IX-9 Other employee benefitsPrograms $0$0
IX-10 Payroll taxesPrograms $8,279$8,279
IX-11a Management feesPrograms $0$0
IX-11b Legal feesPrograms $0$0
IX-11c Accounting feesManagement $2,671$2,671
IX-11d Lobbying fees$0
IX-11g Other fees for servicesPrograms $1,616 · Management $51$1,667
IX-12 Advertising and promotionFundraising $404$404
IX-13 Office expensesPrograms $2,217 · Management $4,745$6,962
IX-14 Information technologyPrograms $582 · Management $672$1,254
IX-16 OccupancyPrograms $2,520 · Management $1,633$4,153
IX-17 TravelPrograms $4,654$4,654
IX-22 Depreciation, depletion and amortizationPrograms $2,740$2,740
IX-23 InsurancePrograms $2,127 · Management $2,164$4,291
IX-24 Other expenses (24a–d)Programs $77,759 · Management $915 · Fundraising $0$78,674
IX-25 Total functional expensesPrograms $218,657 · Management $33,236 · Fundraising $404$252,297
Part X · Balance sheet $543,362 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $175,795$480,997
X-3 Pledges and grants receivableStart of year $8,000$51,000
X-9 Prepaid expenses and deferred chargesStart of year $405$405
X-10c Land, buildings and equipment, netStart of year $13,700$10,960
X-16 Total assetsStart of year $197,900$543,362
X-17 Accounts payable and accrued expensesStart of year $8,414$8,445
X-19 Deferred revenueStart of year $20,000$500
X-20 Tax-exempt bond liabilities$0
X-24 Unsecured notes and loans payable$0
X-26 Total liabilitiesStart of year $28,414$8,945
X-27 Net assets without donor restrictionsStart of year $169,486$167,269
X-28 Net assets with donor restrictionsStart of year $0$367,148
X-32 Total net assets or fund balancesStart of year $169,486$534,417
X-33 Total liabilities and net assetsStart of year $197,900$543,362
Part XI · Reconciliation of net assets $534,417 net assets at year end
XI-1 Total revenue$617,228
XI-2 Total expenses$252,297
XI-3 Revenue less expenses$364,931
XI-4 Net assets at start of year$169,486
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$0
XI-10 Net assets at end of year$534,417

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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