Genesis Schools is located in Dallas, TX. The organization was established in 1996. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 08/2021, Genesis Schools employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Genesis Schools 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 08/2021, Genesis Schools generated $7.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $6.5m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 6 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
CHARTER SCHOOL DESIGNED FOR THE SERIOUS STUDENT. THE SCHOOL IS AN INTERDISCIPLINARY PUBLIC SCHOOL SERVING GRADES K THROUGH 12, LOCATED IN DOWNTOWN DALLAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENESIS SCHOOLS IS A CHARTER SCHOOL WHICH OPERATES INDEPENDENTLY OF LOCAL SCHOOL DISTRICTS THAT HAS HAD AN ENROLLMENT OF 506 STUDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Virginia Lannen Director/cha | OfficerTrustee | 40 | $173,389 |
Frances Mercer Deputy Supt | Officer | 40 | $153,134 |
Virginia Hart Asst Supt | Officer | 40 | $151,242 |
William Michael Byrd Director/vic | Trustee | 1 | $0 |
Jesse Oliver Director | Trustee | 1 | $0 |
David Truett Roberts Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $6,773,148 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $6,773,148 |
Total Program Service Revenue | $0 |
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 | $6,950,630 |
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. | $477,765 |
Compensation of current officers, directors, key employees. | $173,389 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,021,729 |
Pension plan accruals and contributions | $120,754 |
Other employee benefits | $327,307 |
Payroll taxes | $43,603 |
Fees for services: Management | $0 |
Fees for services: Legal | $50,759 |
Fees for services: Accounting | $16,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,689,098 |
Travel | $37,948 |
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 | $1,923 |
Insurance | $33,478 |
All other expenses | $56,662 |
Total functional expenses | $6,459,417 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,360,134 |
Savings and temporary cash investments | $64,677 |
Pledges and grants receivable | $1,152,864 |
Accounts receivable, net | $251,438 |
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 | $16,348 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,845,461 |
Accounts payable and accrued expenses | $258,233 |
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 | $258,233 |
Net assets without donor restrictions | $1,276,612 |
Net assets with donor restrictions | $1,310,616 |
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 | $2,845,461 |
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