Genesis Inc

Nonprofit profile at a glance

EIN
800965193
IRS 990 coverage
2020–2024
Forms available
Form 990 2024, Form 990-EZ 2019, Form 990-N 2018
Location
Des Moines, IA, USA
Phone
5157106838
Rating
83
Verdict
STRONG
Rating confidence
Standard
Sector
Youth Development Programs

Reported finances

Revenue
$449,883
Expenses
$592,724
Assets
$411,902
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • DAN SEEMUTH (BOARD PRESIDENT)
  • BRIAN BROWN (VICE PRESIDENT)
  • SAMUEL GABRIEL (EXECUTIVE DIRECTOR)

Highest reported compensation

  • SAMUEL GABRIEL (EXECUTIVE DIRECTOR): $79,262 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Empower nbsp; underserved nbsp; youth nbsp; and nbsp; young nbsp; adults nbsp; through nbsp; sports nbsp; and nbsp; arts nbsp; while nbsp; engaging nbsp; them nbsp; in nbsp; educational nbsp; opportunities nbsp; to nbsp; become nbsp; effective nbsp; leaders nbsp; and nbsp; productive nbsp; citizens nbsp; genesis nbsp; attempts nbsp; to nbsp; level nbsp; the nbsp; paying nbsp; field nbsp; for nbsp; immigrants/refugee nbsp; children

What it reported doing in 2024

Empowering youth to lead with purpose the ubuntu leadership academy at genesis youth foundation is a transformative leadership program for immigrant and refugee youth in grades 312. Rooted in the african philosophy of ubuntu which means i am because we are the program cultivates young servant leaders who understand the value of community cultural identity and responsibility. Through year-round programming in leadership academics workforce readiness and the arts ubuntu equips youth to thrive at home in school and in society.

Operating model

Revenue model
Donor-supported. 60% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 93
  • Accountability: 90
  • Sustainability: 26
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.7%; rating input score 86
  • Program expense ratio: 64.8%; rating input score 65
  • Fundraising efficiency: $31.24 raised per $1 spent on fundraising; rating input score 68; 68th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 19th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 83.3%; rating input score 83; 22nd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -31.8%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 0.69; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 13.4%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: 24.4% per year; rating input score 100; 87th percentile among comparable filings
  • Revenue growth: 13.8% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: 20.8% per year; rating input score 100; 85th percentile among comparable filings

Details

  • Where the money goes: 85.7% of revenue deployed · 64.8% of spending went to programs
  • Governance: 5 of 6 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $71K in reported program spending
  • Leadership: top reported pay $79K · 6 people listed
  • Consistency: 23 of 24 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 9/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
  • High — Sustainability: Officer compensation ratio scored 26/100.