Genesys Works
- Assets
- $3.5m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 189
- Location
- Houston, TX
- Founding
- 02/2010
- Data as of
- 12/2021
- EIN
- 03-0440761
Organization Overview
Genesys Works is located in Houston, TX. The organization was established in 2010. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 12/2021, Genesys Works employed 189 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Genesys Works 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, Genesys Works generated $7.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $6.8m during the year ending 12/2021. While expenses have increased by 8.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PATHWAYS TO CAREER SUCCESS FOR HIGH SCHOOL STUDENTS IN UNDERSERVED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENESYS WORKS (EIN#03-0440761), AS THE PARENT ORGANIZATION, PROVIDES LEADERSHIP AND CENTRAL SERVICES TO SUBSIDIARIES INCLUDED IN GENESYS WORKS GROUP RETURN (EIN #90-0757035), ENABLING THEM TO SUCCESSFULLY CARRY OUT THE MISSION OF CHANGING THE TRAJECTORY OF INNER-CITY HIGH SCHOOL STUDENTS BY PROVIDING THEM WITH TRAINING, MEANINGFUL INTERNSHIPS, MENTORSHIPS, AND ASSISTANCE IN FINDING AND OBTAINING BOTH COLLEGE ENTRANCE AND SCHOLARSHIPS. THE INFORMATION TECHNOLOGY, ENGINEERING DRAFTING, ACCOUNTING, AND PROFESSIONAL SKILLS TRAINING ALLOWS OUR STUDENTS TO INTERN AT MAJOR CORPORATIONS, MOSTLY FORTUNE 1000, IN THE HOUSTON, TWIN CITIES, CHICAGO, BAY AREA, NEW YORK CITY, AND NATIONAL CAPITAL REGION METROPOLITAN AREAS. AT THE CONCLUSION OF OUR 14-MONTH PROGRAM, OVER 95% OF THOSE WHO COMPLETE THE PROGRAM GO ON TO POST-SECONDARY EDUCATION, AS COMPARED TO ONLY HALF THE GRADUATES FROM INNER-CITY SCHOOLS. 80% OF ALL GRADUATES ARE EITHER STILL ACTIVELY ENGAGED IN COLLEGE OR HAVE FINISHED THEIR DEGREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Artis Jeffrey H Chief Executive Officer | OfficerTrustee | 40 | $316,301 |
Demars Michelle L Senior Vice President Of Development And Sales | 40 | $184,123 | |
Gross Michael Executive Director - Gwnyc | Officer | 40 | $171,025 |
Kingpetcharat Poranee Senior Vice President Of Technology And Finance | 40 | $160,218 | |
Knight Thomas G Chief Operating Officer | Officer | 40 | $155,000 |
Warren Freeda Director Of Philanthropy | 40 | $125,727 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tom Dick And Harry Llc Marketing Services | 12/30/21 | $107,213 |
Catapult Systems Llc It Services | 12/30/21 | $135,737 |
Clarus Benefits Group Llc Hr Services | 12/30/21 | $133,522 |
Element 78 Llc Accounting Services | 12/30/21 | $109,691 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,898,599 |
| Government grants | $766,401 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,041,205 |
| Noncash contributions included in lines 1a–1f | $177,751 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,706,205 |
| Total Program Service Revenue | $1,153,036 |
| Investment income | $58 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,479 |
| Net Gain/Loss on Asset Sales | -$3,579 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,886,001 |
| 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. | $896,640 |
| Compensation of current officers, directors, key employees. | $425,760 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,239,131 |
| Pension plan accruals and contributions | $10,330 |
| Other employee benefits | $193,196 |
| Payroll taxes | $297,155 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,100 |
| Fees for services: Accounting | $191,415 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $71,935 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $612,188 |
| Advertising and promotion | $70,275 |
| Office expenses | $18,278 |
| Information technology | $528,754 |
| Royalties | $0 |
| Occupancy | $195,402 |
| Travel | $33,600 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $238 |
| Interest | $703 |
| Payments to affiliates | $12,678 |
| Depreciation, depletion, and amortization | $42,589 |
| Insurance | $47,045 |
| All other expenses | $50,720 |
| Total functional expenses | $6,818,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,041,186 |
| Savings and temporary cash investments | $44,819 |
| Pledges and grants receivable | $550,250 |
| Accounts receivable, net | $231,710 |
| 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 | $246,631 |
| Net Land, buildings, and equipment | $282,202 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $116,518 |
| Total assets | $3,513,316 |
| Accounts payable and accrued expenses | $434,087 |
| Grants payable | $0 |
| Deferred revenue | $15,205 |
| 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 | $500 |
| Other liabilities | $0 |
| Total liabilities | $449,792 |
| Net assets without donor restrictions | $2,590,923 |
| Net assets with donor restrictions | $472,601 |
| 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 | $3,513,316 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Genesys Works has recieved totaling $1,434,763.
| Awarding Organization | Amount |
|---|---|
Comic Relief Inc New York, NY PURPOSE: PROGRAM SUPPORT | $600,000 |
Salesforce Com Foundation San Francisco, CA PURPOSE: SUPPORT YOUTH DEVELOPMENT PROGRAM | $250,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $200,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: EDUCATIONAL PROGRAMS & OTHER STUDENT SVC | $100,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $70,000 |
Tides Foundation San Francisco, CA PURPOSE: QUALITY EDUCATION | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North American University Stafford, TX | $17,187,030 | $12,287,470 |
Genesys Works Houston, TX | $3,513,316 | $7,886,001 |
Agape Development Ministries Houston, TX | $5,335,198 | $3,787,112 |
Gulf Coast Trades Center New Waverly, TX | $3,594,934 | $4,661,220 |
Rgr Industries Inc Weslaco, TX | $113,711 | $4,345,199 |
Local 798 Training Center Tulsa, OK | $15,089,944 | $2,364,355 |
The Texas International Institute Of Health Professions Houston, TX | $1,051,100 | $3,423,750 |
Gulf Coast Safety Council St Rose, LA | $8,585,164 | $3,314,134 |
Leaders In Education Houston, TX | $4,759,065 | $5,189,161 |
New Orleans Career Center New Orleans, LA | $1,143,787 | $3,091,199 |
Valley Grande Institute For Academic Studies Weslaco, TX | $6,074,695 | $3,497,097 |
New Mexico Pipe Trades Joint Apprenticeship Fund Albuquerque, NM | $5,396,358 | $2,206,148 |