Genesis America Inc
- Assets
- $372.6k
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- 09/2005
- Data as of
- 12/2021
- EIN
- 30-0246732
Organization Overview
Genesis America Inc is located in null. The organization was established in 2005. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Genesis America Inc 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 12/2021, Genesis America Inc generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Genesis America Inc has awarded 82 individual grants totaling $3,644,528. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENESIS FOUNDATION: UNRESTRICTED USE ON ARTS PROJECTS, COMMISSIONS AND EVENTS, AND TO SUPPORT THE GENERAL RUNNING OF THE CHARITY
THE SISTEEN: DONATION TO THE GENESIS SIXTEEN, A YOUNG ARTISTS SCHEME, DELIVERED AT NO CHARGE TO PARTICIPANTS, WHICH AIMS TO NURTURE THE NEXT GENERATION OF TALENTED CHORAL SINGERS
THE ROYAL NATIONAL THEATRE: DONATION TO THE GENESIS MUSIC THEATRE PROGRAMME. THIS PROVIDES SUPPORT FOR ARTISTS AT THE NATIONAL THEATRE AS THEY DEVELOP BOLD, ACCESSIBLE FORMS OF BRITISH MUSIC THEATRE
YOUNG VIC: GRANT IN SUPPORT OF THE GENESIS FUTURE DIRECTORS AWARD, TO NURTURE AND DEVELOP EMERGING YOUNG DIRECTORS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Joseph Studzinski President/director | 3 | $0 | |
Andrew Joseph Passeri Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,277,078 |
| Interest on Savings | $47 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,277,125 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $55,227 |
| Total operating and administrative expenses | $93,541 |
| Contributions, gifts, grants paid | $2,190,562 |
| Total expenses and disbursements | $2,284,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $268,094 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $138 |
| Net Pledges Receivable | $0 |
| Grants receivable | $104,367 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $372,599 |
| Accounts payable and accrued expenses | $42,737 |
| Grants payable | $66,713 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $109,450 |
Grants Awarded
Over the last fiscal year, Genesis America Inc has awarded $2,190,562 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
GENESIS FOUNDATION PURPOSE: GRANT IN SUPPORT OF THE GENESIS FOUNDATION | $439,884 |
THE ROYAL NATIONAL THEATRE PURPOSE: IN SUPPORT OF THE WORK OF THE THEATRE | $185,695 |
THE SIXTEEN PURPOSE: IN RELATION TO THE MUSICAL EDUCATION OF COHORTS WITHIN THE CHOIR. | $171,939 |
GOOD CHANCE THEATRE PURPOSE: IN SUPPORT OF THE WORK OF THE THEATRE | $123,796 |
ROYAL INSTITUTE OF INTERNATIONAL AF PURPOSE: IN SUPPORT OF THE WORK OF THE CHARITY | $103,164 |
YOUNG VIC PURPOSE: GRANT IN RELATION TO YOUNG VIC PRODUCTIONS | $77,373 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joseph Rowntree Foundation | $422,657,604 | $8,163,690 |
American School Of Milan | $34,975,339 | $18,900,429 |
Shalva Israel Assoc To Relieve The Handicapped Child And Family | $89,694,654 | $19,416,096 |
Cuso International | $17,986,190 | $25,338,532 |
West Africa Rice Development Association | $23,999,248 | $19,439,683 |
Merton College | $449,219,486 | $18,363,821 |
Cooperativa De Ahorro Y Credito De Vega Alta | $355,977,126 | $21,743,565 |
Ivey Business School Foundation | $20,172,840 | $19,210,645 |
Tula Foundation | $43,438,708 | $5,288,962 |
Allgemeine Anthroposophische | $21,895,649 | $16,689,603 |
Master & Fellows Of Peterhouse | $470,069,266 | $14,639,374 |
Bermuda Institute Of Ocean Sciences Bios Inc | $48,144,596 | $11,893,948 |