Genunity INC EIN 87-1485598

Genunity INC FY2023 filing

EIN  87-1485598 Public charity (501(c)(3)) Boston, MA Founded 2021
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Connects adults to build an inclusive community where everyone belongs.
Leadership
Jerren Chang · President · $81K
Money in and out
$862K revenue, $612K expenses
Bottom line
70% program efficiency

Connects adults to build an inclusive community where everyone belongs. For fiscal year 2023 it reported $862K in revenue, $612K in expenses, and $403K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$862K
Pt VIII · Ln 12
Total expenses
$612K
Pt IX · Ln 25
Net assets
$403K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $249K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.21 Fundraising $0.10
Program efficiency
70%
of spending reaches programs
Operating runway
6.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+29%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$862K
FY2023▲ +157%
Expenses
$612K
FY2023▲ +105%
Total assets
$407K
FY2023▲ +75%
Total liabilities
$4K
FY2023▼ -90%
Total revenue
$862K
Pt VIII · Ln 12
Total expenses
$612K
Pt IX · Ln 25
Net assets
$403K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$249K
Total assetsPt X · Ln 16$407K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $336K of program spending, described in the organization's own filed words · FY2022.
01

Lifetime- through the facilitated, inquiry-based conversations that members engage in throughout the program connect people's lived experiences to the systems and power structures that shape them. In the process, folks uncover "why" issues persist in their community and "how" they can use their power to drive change.

$154Kprogram expense
02

Health equity- genunity issue-focused community leadership programs (E.G., health equity in boston) center lived experience and connection, bringing together proximate experts who have experienced the issue firsthand and siloed experts working in institutions to address them.

$141Kprogram expense
03

Housing-through facilitated whole-cohort meetings and small group discussions with community partners, members gain understanding of community needs, how service provision meets or fails to meet those needs, how policy and funding shape the status quo, and how they can use their own individual positionality and collective power to take…

$41Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGenunity INC
EINHdr · item D87-1485598
Principal addressHdr · item CBoston, MA
WebsiteHdr · item Jgenunity.org
Year of formationHdr · item L2021
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S99)
Ruling yearIRS BMFFeb 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$80,795Pt VII · Sec A
$65,829Pt VII · Sec A
$0Pt VII · Sec A

Jerren Chang’s $111K as President is at the 26th percentile of top reported officer pay among 2834 $1–10M community 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 · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022
Jerren Chang$111,077$99,377$80,795$63,000
Ilona Rabovsky$97,364
Nimisha Ganesh$65,829$63,000

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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Statement of Revenue

Part VIII
Contributions & grants100%$862K
Total revenueLn 12$862K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.21 Fundraising $0.10
Program services70%$427K
Management & general21%$127K
Fundraising10%$59K
Total functional expensesLn 25$612K

Balance Sheet

Part X · end of year
CashLn 1$347K
Total assetsLn 16$407K
Total liabilitiesLn 26$4K
Total net assetsLn 32$403K
Months of cash on handcomputed6.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $347K · Operating expenses/yr $612K
6.8 months
Where the money goes
Program services
Program services $427K · Total expenses $612K
70%
Management & General
Management & general $127K · Total expenses $612K
21%
Fundraising
Fundraising $59K · Total expenses $612K
10%
Cost to raise $1
Fundraising expense (2-yr avg) $45K · Solicited contributions (2-yr avg) $598K
$0.08 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $862K · Total revenue $862K
100%
Government reliance
Government grants — · Total revenue $862K
Earned-income share
Program service revenue $0 · Total revenue $862K
0%
Investment reliance
Investment income $0 · Total revenue $862K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $612K
0%
Growth & trend
Revenue growth (YoY)
This year $862K · Prior year $335K
+157%
Net-asset trend (YoY)
End of year $403K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $862K · Expenses $612K
+29%
Liabilities-to-Assets
Total liabilities — · Total assets $407K
Net-asset ratio
Net assets $403K · Total assets $407K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $407K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jerren Chang · Reported title PRESIDENT · Highest reported compensation $81K · Total expenses $612K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $445K · Total expenses $612K
73%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 21%
Fundraising cost ratio 7%
Revenue growth 157%
Legal fee ratio 4%
Accounting fee ratio 1%

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
See all 9 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$839K revenue · ⤓ 990 PDF
FY2023$862K revenue · viewing · ⤓ 990 PDF
FY2022$335K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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