Genesis Ministries Inc
- Assets
- $203.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kennesaw, GA
- Founding
- 06/2000
- Data as of
- 12/2023
- EIN
- 58-2327451
Organization Overview
Genesis Ministries Inc is located in Kennesaw, GA. The organization was established in 2000. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Genesis Ministries 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 12/2023, Genesis Ministries Inc generated $116.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $118.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
GENESIS MINISTRIES IS SPREADING THE AWARENESS OF ADDICTION AS WELL AS SOLUTIONS TO ADDICTION THROUGH RECOVERY. WE OFFER A CHRIST CENTERED SOLUTION FOR A REGENERATION OF LIFE WHICH ADDRESSES MENTAL, EMOTIONAL, AND SPIRITUAL NEEDS THROUGH UNCONDITIONAL LOVE AND SUPPORT TO THOSE HURTING AND IN NEED. OUR PROGRAM OFFERS A HIGHLY STRUCTURED, MULTI-DISCIPLINARY RESIDENTIAL PROGRAM AS WELL AS OUT PATIENT SOLUTIONS AND CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eli Velasquez President | 40 | $15,600 | |
Susan Velasquez Secretary | 40 | $15,600 | |
David Velasquez Key Employee | 40 | $20,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $116,000 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $116,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $52,000 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $25,148 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $41,352 |
| Total expenses | $118,500 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $17,903 |
| Other assets | $0 |
| Total assets | $203,582 |
| Total liabilities | $25,000 |
| Net assets or fund balances | $178,582 |