Genesis Center
- Assets
- $5.0m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 69
- Location
- Providence, RI
- Founding
- 01/1994
- Data as of
- 08/2022
- EIN
- 22-3001721
Organization Overview
Genesis Center is located in Providence, RI. The organization was established in 1994. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 08/2022, Genesis Center employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Genesis Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2022, Genesis Center generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $3.9m during the year ending 08/2022. While expenses have increased by 11.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE HIGHEST QUALITY EDUCATION, JOB TRAINING, AND SUPPORT SERVICES TO PEOPLE OF DIVERSE CULTURES SO THAT THEY MAY ACHIEVE ECONOMIC INDEPENDENCE AND PARTICIPATE FULLY IN SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT EDUCATION - PROVIDES LOW-SKILLED, LOW-INCOME ADULTS, MANY OF WHOM ARE IMMIGRANTS OR REFUGEES, EDUCATIONAL SUPPORT SERVICES TO SUCCEED IN LIFE AND WORK IN THE UNITED STATES. PROGRAMS INCLUDE ENGLISH FOR SPEAKERS OF OTHER LANGUAGES, CITIZENSHIP CLASSES AND WORKFORCE DEVELOPMENT TRAININGS, PRIMARILY IN THE FIELDS OF HEATHCARE AND CULINARY ARTS, TWO HIGH-GROWTH, HIGH-DEMAND SECTORS IN RHODE ISLAND. PROGRAMS INCLUDE FINANCIAL COACHING AND OTHER SUPPORTS TO ACCELERATE THE CLIENTS' ATTAINMENT OF ECONOMIC STABILITY. SERVES APPROXIMATELY 800 STUDENTS ANNUALLY.
DAY CARE AND SUPPORT - PROVIDES A CHILD CARE CENTER FOR CHILDREN, AGES 6 WEEKS TO 5 YEARS, DESIGNED TO ADDRESS THE CHILDREN'S INTELLECTUAL, SOCIAL, EMOTIONAL, AND CULTURAL DEVELOPMENT. SERVES APPROXIMATELY 100 CHILDREN ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chye Hup Chua Vice Chair/t | Officer | 2 | $0 |
Dean Martins Chair | Officer | 2 | $0 |
Ralph M Kinder ESQ Secretary | Officer | 2 | $0 |
Angelyne Cooper Director | Trustee | 1 | $0 |
Patricia Difolco Director | Trustee | 1 | $0 |
Mark A Pogue ESQ Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,635,671 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,250,437 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,886,108 |
| Total Program Service Revenue | $385,314 |
| Investment income | $39,609 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,320,628 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,454,228 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $276,711 |
| Payroll taxes | $224,181 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,146 |
| Fees for services: Other | $126,786 |
| Advertising and promotion | $6,394 |
| Office expenses | $1,422 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,108 |
| Travel | $7,669 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,573 |
| Insurance | $50,073 |
| All other expenses | $73,596 |
| Total functional expenses | $3,860,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,342,969 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $621,904 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,771 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,223 |
| Net Land, buildings, and equipment | $1,089,040 |
| Investments—publicly traded securities | $1,910,140 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,976,047 |
| Accounts payable and accrued expenses | $145,566 |
| Grants payable | $0 |
| Deferred revenue | $240,718 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $127,672 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $513,956 |
| Net assets without donor restrictions | $4,462,091 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,976,047 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Genesis Center has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
The Harry M Miriam C & William C Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $5,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rian Immigrant Center Inc Boston, MA | $3,539,791 | $6,977,812 |
Connecticut Institute For Refugees And Immigrants Inc Bridgeport, CT | $3,814,184 | $6,185,902 |
Genesis Center Providence, RI | $4,976,047 | $4,320,628 |
Progresso Latino Central Falls, RI | $3,403,183 | $4,331,678 |
Massachusetts Alliance Of Portuguese Speakers Inc Cambridge, MA | $3,693,125 | $4,074,637 |
Asian American Civic Association Inc Boston, MA | $7,220,805 | $3,739,308 |
Immigrant Family Services Institute Inc Roslindale, MA | $1,482,000 | $3,413,493 |
Immigrant Learning Center Inc Malden, MA | $9,498,923 | $4,204,401 |
Rhode Island Indian Council Inc Providence, RI | $3,292,981 | $3,227,088 |
Building One Community Corp Stamford, CT | $2,574,820 | $2,859,084 |
Spanish American Center Inc Leominster, MA | $2,007,532 | $2,670,728 |
International Institute Of Greater Lawrence Inc Lawrence, MA | $1,605,431 | $2,231,815 |