Regenesis Institute
- Assets
- $2.9m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Spartanburg, SC
- Founding
- Data as of
- 12/2023
- EIN
- 87-1881428
Organization Overview
Regenesis Institute is located in Spartanburg, SC. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regenesis Institute 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 12/2023, Regenesis Institute generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 66.7% each year . All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 18.3% per year over the past 2 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF REGENESIS INSTITUTE IS TO SUPPORT MULTI-FACETED EFFORTS TO VITALIZE DISADVANTAGED COMMUNITIES WITH (1) HIGH LEVELS OF ENVIRONMENTAL CONTAMINATION, VULNERABILITY TO CLIMATE RISK, AND/OR ENERGY COSTS AND (2) LOW LEVELS OF INVESTMENT IN CLEAN ENERGY INFRASTRUCTURE, BUSINESSES, AND JOBS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKING ON THE EQUITABLE & JUST NATIONAL CLIMATE PLATFORM, THE GOALS OF WHICH ARE TO (A) INCREASE COLLABORATION BETWEEN ENVIRONMENTAL J J JUSTICE GROUPS AND NATIONAL ENVIRONMENTAL ORGANIZATIONS AND (B) DEVELOP IDEAS FOR INCLUSIVE CLIMATE POLICY.
CONSULTING WITH COMMUNITY GROUPS, PARTICULARLY ASSISTING THEM WITH DEVELOPING CONSTRUCTIVE PUBLIC-PRIVATE RELATIONSHIPS. THESE RELATIONSHIPS ARE CRUCIAL TO CREATING COMPREHENSIVE SOLUTIONS.
SERVING ON THE WHITE HOUSE ENVIRONMENTAL JUSTICE ADVISORY COUNCIL (WHEJAC).
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harold Mitchell Jr President | OfficerTrustee | 40 | $205,250 |
Elizabeth Mitchell Board Member | Trustee | 40 | $0 |
Sheila Davis Secretay | OfficerTrustee | 2 | $0 |
Deborah Mcketty Treasurer | OfficerTrustee | 2 | $0 |
Roy Johnson Board Member | Trustee | 2 | $0 |
Mustafa Ali Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $250,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,460,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,710,000 |
| Total Program Service Revenue | $0 |
| Investment income | $515 |
| 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 | $3,710,515 |
| 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. | $205,250 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $392,075 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $70,318 |
| Payroll taxes | $46,539 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,601 |
| Fees for services: Accounting | $91,788 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $337,506 |
| Advertising and promotion | $0 |
| Office expenses | $7,244 |
| Information technology | $749 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $62,475 |
| 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 | $9,197 |
| Insurance | $20,133 |
| All other expenses | $338 |
| Total functional expenses | $1,269,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,819,747 |
| 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 | $9,748 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $52,450 |
| Other assets | $15,045 |
| Total assets | $2,896,990 |
| Accounts payable and accrued expenses | $26,633 |
| 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 | $46 |
| Total liabilities | $26,679 |
| 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 | $2,870,311 |
| Total liabilities and net assets/fund balances | $2,896,990 |