Genesis Project Inc
- Assets
- $1.1m
- Revenue
- $147.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 12/2014
- Data as of
- 12/2021
- EIN
- 46-5604473
Organization Overview
Genesis Project Inc is located in Miami, FL. The organization was established in 2014. According to its NTEE Classification (G99) the organization is classified as: Voluntary Health Associations & Medical Disciplines N.E.C., under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Genesis Project 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 Project Inc generated $147.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.4%) each year. All expenses for the organization totaled $175.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (22.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PARTNER WITH RESEARCHERS TO FUND PROMISING MEDICAL RESEARCH PROJECTS REGARDING GENETICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENETICS RESEARCH
ADMINISTRATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Schule Director | Trustee | $0 | |
Stephan Zuchner CEO | Trustee | $0 | |
Rosario Isasi Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,918 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,918 |
| Total Program Service Revenue | $117,457 |
| Investment income | $0 |
| 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 | $147,375 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $612 |
| Office expenses | $3,000 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | -$670 |
| Total functional expenses | $175,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,573 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,000,000 |
| Other assets | $0 |
| Total assets | $1,115,573 |
| Accounts payable and accrued expenses | $14,585 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,585 |
| Net assets without donor restrictions | $0 |
| 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 | $1,100,988 |
| Total liabilities and net assets/fund balances | $1,115,573 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Genesis Project Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Charcot-Marie-Tooth Association Glenolden, PA PURPOSE: CMT RESEARCH | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Zion Keepers Inc Stone Mountain, GA | $317,820 | $3,048,570 |
Pan American League Of Associations For Rheumatology Miami, FL | $3,590,661 | $1,287,704 |
Baker Gordon Educational Symposium Inc Coconut Grove, FL | $2,651 | $517,450 |
Jays Hope Foundation Inc Macon, GA | $509,492 | $516,054 |
T Leroy Jefferson Medical Society Inc Palm Beach Gardens, FL | $137,495 | $381,410 |
Cardiovascular Center Of Sarasota Foundation For Research And Educat Sarasota, FL | $1,048,363 | $329,640 |
Society On Cachexia And Wasting Disorders Inc Duluth, GA | $103,210 | $0 |
Lymphangiomatosis & Gorhams Disease Alliance Inc Saint Petersburg, FL | $662,607 | $323,008 |
Cantigny Research Foundation Inc Naples, FL | $4,855 | $144,506 |
Genesis Project Inc Miami, FL | $1,115,573 | $147,375 |
Lawson Neel Medbank Inc Thomasville, GA | $332,407 | $241,181 |
Rising Star Equestrian Foundation Inc Marietta, GA | $15,537 | $0 |