Genesis Academy For Innovation
- Assets
- $266.4k
- Revenue
- $525.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Beverly Hills, CA
- Founding
- 01/2016
- Data as of
- 12/2023
- EIN
- 47-4460740
Organization Overview
Genesis Academy For Innovation is located in Beverly Hills, CA. The organization was established in 2016. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Genesis Academy For Innovation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF GENESIS IS TO PROVIDE UNDERSERVED YOUTH WITH THE SKILLS REQUIRED TO SCAFFOLD CRITICAL THINKING, PROBLEM SOLVING AND INNOVATION THROUGH THE USE OF ART+TECHNOLOGY, THE ESSENTIAL 21ST CENTURY TOOLS THAT LEAD TO SUCCESS IN HIGHER EDUCATION AND EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023 - GENESIS STEAM PROVIDED THE INNOVATOR KIT TO K-12 SCHOOL AND AFTER SCHOOL PROGRAMS IN LOS ANGELES. THE INNOVATOR KIT IS A ROBUST, STEAM ENRICHMENT PROGRAM FOSTERING COLLABORATIVE PROJECT-BASED LEARNING DEVELOPED BY EXPERIENCED STEAM EDUCATORS. THROUGH THE PROGRAM, STUDENTS COMBINE ART WITH TECHNOLOGY TO INNOVATE SOLUTIONS AND PROBLEM-SOLVE COLLABORATIVELY.THE INNOVATOR CLUB HAS BEEN DEVELOPED FOR K-12 TEACHERS, AND ISA PLUG-AND-PLAY (ALL STANDARDS ALIGNED) CURRICULUM THAT IS DESIGNED TO:1.AUGMENT AND STRENGTHEN CURRENT STEAM CURRICULUM.2.USE ART + TECH TO TEACH STUDENTS HOW TO INNOVATE SOLUTIONS TO REAL WORLD CHALLENGES.3.INCREASE STUDENTS LOGIC, CREATIVITY, AND COLLABORATION SKILLS.JAN 2023 - JUNE 2023: SPRING SEMESTERGENESIS STEAM EXPANDED THE DISTRIBUTION OF OUR INNOVATOR KITS TO A TOTAL OF 35 CLASSROOMS IN 18 TITLE 1 SCHOOLS AND AFTER-SCHOOL PROGRAMS THROUGHOUT LOS ANGELES, REACHING 1,050 STUDENTS IN GRADES K-12.JUNE 2023 - SEPTEMBER 2023: SUMMERTHINK TOGETHER CONTRACTED GENESIS STEAM TO BE AN OFFICIAL PROVIDER OF STEAM PROGRAMMING FOR THEIR SUMMER CAMPS. WITH OUR EXPANDED PARTNERSHIP WITH THINK TOGETHER, ALONG WITH OUR CONTINUED PARTNERSHIP WITH THE BOYS & GIRLS CLUBS METRO, WE PROVIDED 12 SUMMER CAMP SITES WITH 81 INNOVATOR KITS, PROVIDING STEAM PROGRAMMING FOR 3,705 YOUTH DURING THE SUMMER.SEPTEMBER 2023 - DECEMBER 2023: FALL SEMESTERWE LAUNCHED A NEW PARTNERSHIP WITH COMPTON UNIFIED SCHOOL DISTRICT TO PROVIDE GENESIS STEAM INNOVATOR PROGRAMS FOR THEIR STEAM LABS. WE DISTRIBUTED INNOVATOR PROGRAMMING TO 27 SCHOOLS WITHIN THE COMPTON UNIFIED SCHOOL DISTRICT IN FALL 2023. WE ALSO PARTNERED WITH THE LOS ANGELES COUNTY OFFICE OF EDUCATION TO SEND INNOVATOR KITS TO 10 LAUSD TITLE 1 SCHOOLS. WE CONTINUED OUR AFTER SCHOOL STEAM PROGRAMMING FOR THINK TOGETHER AND THE BOYS & GIRLS CLUBS BY PROVIDING INNOVATOR KITS FOR 13 AFTER SCHOOL PROGRAMS. IN TOTAL WE PROVIDED STEAM PROGRAMMING FOR 1,500 STUDENTS IN FALL 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheri Schlesinger President & CEO | OfficerTrustee | 40 | $0 |
Michael Baum Vice Chairman | OfficerTrustee | 1 | $0 |
Dr Ari Mackler CFO | OfficerTrustee | 1 | $0 |
Dr Debra Mund Secretary | OfficerTrustee | 1 | $0 |
Zainab Ali Director | Trustee | 1 | $0 |
Daryl Niemerow Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $525,550 |
| Noncash contributions included in lines 1a–1f | $170,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $525,550 |
| 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 | $525,550 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,000 |
| Payroll taxes | $9,304 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,166 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,950 |
| Advertising and promotion | $1,968 |
| Office expenses | $5,389 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,000 |
| Travel | $8,043 |
| 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 | $7,512 |
| Insurance | $7,546 |
| All other expenses | $0 |
| Total functional expenses | $395,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $262,683 |
| 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 | $3,754 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $266,437 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $266,437 |
| 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 | $266,437 |