Genesis Inc
- Assets
- $692.9k
- Revenue
- $528.5k
- Investments
- $0.0
- Employees
- 33
- Location
- Des Moines, IA
- Founding
- 11/2014
- Data as of
- 12/2022
- EIN
- 80-0965193
Organization Overview
Genesis Inc is located in Des Moines, IA. The organization was established in 2014. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Genesis Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Genesis 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 12/2022, Genesis Inc generated $528.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 44.6% each year . All expenses for the organization totaled $378.6k during the year ending 12/2022. While expenses have increased by 50.9% per year over the past 4 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
EMPOWER UNDERSERVED YOUTH AND YOUNG ADULTS THROUGH SPORTS AND THE ARTS WHILE ENGAGING THEM IN EDUCATIONAL OPPORTUNITIES TO BECOME EFFECTIVE LEADERS AND PRODUCTIVE CITIZENS. GENESIS ATTEMPTS TO "LEVEL THE PLAYING FIELD" FOR GENESIS IMMIGRANT/REFUGEE CHILDREN - PRIMARILY FIRST-GENERATION AFRICANS - IN CENTRAL IOWA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENESIS OPERATED YEAR-ROUND AND WE PROVIDED AFTERSCHOOL PROGRAMMING TO OVER 320 YOUTH AND 150 ADULTS.
YEAR-ROUND ARTS PROGRAM INCLUDING SEWING, ART AND CRAFT, PERFORMING ARTS AND COOKING AND WE SERVED OVER 70 YOUTH.
GENESIS PROVIDED SOCCER PLAYING OPPORTUNITY FOR OVER 100 BOYS AND GIRLS AGES 5 -17. OF THE 100 PARTICIPANTS 80 WERE INOLVED IN COMPETITIVE SOCCER, AND 20 IN RECREATIONAL AND SOCCER CAMPS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Gabriel Executive Director | Officer | 40 | $72,000 |
Anupam Mittra Board Chairman | Trustee | 6 | $0 |
Joshua Kasibbo Finance | Trustee | 7 | $0 |
Ruth Mwangangi Board Vice Chair | Trustee | 6 | $0 |
Gayla Nesbitt Board Member | Trustee | 6 | $0 |
Elizabeth Stevens Marketing | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $184,914 |
| Government grants | $60,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $283,576 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $528,490 |
| 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 | $528,490 |
| 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. | $57,221 |
| Compensation of current officers, directors, key employees. | $57,221 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $129,990 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,034 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,000 |
| Advertising and promotion | $2,978 |
| Office expenses | $9,035 |
| Information technology | $9,867 |
| Royalties | $0 |
| Occupancy | $2,500 |
| Travel | $14,007 |
| 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 | $7,569 |
| Insurance | $2,653 |
| All other expenses | $94,047 |
| Total functional expenses | $378,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $386,323 |
| Savings and temporary cash investments | $250,000 |
| Pledges and grants receivable | $12,750 |
| 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 | $43,872 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $692,945 |
| Accounts payable and accrued expenses | $5,563 |
| 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 | $5,677 |
| Total liabilities | $11,240 |
| Net assets without donor restrictions | $681,705 |
| 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 | $692,945 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Genesis Inc has recieved totaling $98,500.
| Awarding Organization | Amount |
|---|---|
United Way Of Central Iowa Des Moines, IA PURPOSE: OUT OF SCHOOL TIME PROGRAM FOR IMMIGRANT AND REFUGEE FAMILIES | $66,000 |
Prairie Meadows Race Track & Casino Inc Altoona, IA PURPOSE: Level the Playing Field for Immigrant and Refugee Youth in Soccer | $17,500 |
Shining City Foundation Inc Urbandale, IA PURPOSE: Youth Ed | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Life Centers Of Chicagoland Nfp Chicago, IL | $3,381,742 | $26,728,627 |
Onegoal Chicago, IL | $47,619,329 | $26,464,415 |
St Davids Center Minnetonka, MN | $22,036,571 | $23,440,337 |
Iowa Jag Inc Des Moines, IA | $8,216,251 | $8,843,429 |
Braven Incorporated Chicago, IL | $18,157,055 | $13,085,158 |
Gary Comer Youth Center Chicago, IL | $1,153,650 | $6,433,696 |
Achieve Twin Cities Minneapolis, MN | $9,710,050 | $5,735,316 |
Completely Kids Omaha, NE | $26,441,934 | $8,738,088 |
Boys And Girls Club Of Dane County Inc Madison, WI | $16,863,189 | $11,374,930 |
Life Promotions Inc Appleton, WI | $2,405,715 | $5,603,353 |
Bernies Book Bank Lake Bluff, IL | $3,547,957 | $4,899,035 |
Kingdom House St Louis, MO | $3,626,338 | $5,069,438 |