Genesis Schools
- Assets
- $2.8m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 88
- Location
- Dallas, TX
- Founding
- 06/1996
- Data as of
- 08/2021
- EIN
- 75-2640636
Organization Overview
Genesis Schools is located in Dallas, TX. The organization was established in 1996. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 08/2021, Genesis Schools employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Genesis Schools 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 08/2021, Genesis Schools generated $7.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $6.5m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 6 years. 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
CHARTER SCHOOL DESIGNED FOR THE SERIOUS STUDENT. THE SCHOOL IS AN INTERDISCIPLINARY PUBLIC SCHOOL SERVING GRADES K THROUGH 12, LOCATED IN DOWNTOWN DALLAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENESIS SCHOOLS IS A CHARTER SCHOOL WHICH OPERATES INDEPENDENTLY OF LOCAL SCHOOL DISTRICTS THAT HAS HAD AN ENROLLMENT OF 506 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia Lannen Director/cha | OfficerTrustee | 40 | $173,389 |
Frances Mercer Deputy Supt | Officer | 40 | $153,134 |
Virginia Hart Asst Supt | Officer | 40 | $151,242 |
Jesse Oliver Director | Trustee | 1 | $0 |
Walter C Muse Secretary/tr | Trustee | 1 | $0 |
David Truett Roberts Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,773,148 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,773,148 |
| 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 | $6,950,630 |
| 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. | $477,765 |
| Compensation of current officers, directors, key employees. | $173,389 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,021,729 |
| Pension plan accruals and contributions | $120,754 |
| Other employee benefits | $327,307 |
| Payroll taxes | $43,603 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,759 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,689,098 |
| Travel | $37,948 |
| 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 | $1,923 |
| Insurance | $33,478 |
| All other expenses | $56,662 |
| Total functional expenses | $6,459,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,360,134 |
| Savings and temporary cash investments | $64,677 |
| Pledges and grants receivable | $1,152,864 |
| Accounts receivable, net | $251,438 |
| 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 | $16,348 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,845,461 |
| Accounts payable and accrued expenses | $258,233 |
| 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 | $258,233 |
| Net assets without donor restrictions | $1,276,612 |
| Net assets with donor restrictions | $1,310,616 |
| 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 | $2,845,461 |
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