Liabilities / Assets
93rd percentile
Higher debt load relative to assets than 93% of similar nonprofits.
Genesis Parochial Schools
EIN 47-1614128 • 501(c)3 • Mckinney, TX
Profile
Genesis parochial schools is an innovative outreach ministry that will reach and connect with preschool aged children and their families during the most receptive season of their lives through an integrated partnership with local churches to provide top quality, faith-based early childhood education.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
1.00x
Liabilities / Revenue
95th percentile
Higher debt load relative to revenue than 95% of similar nonprofits.
Net Margin
50th percentile
Higher net margin than 50% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
97th percentile
Faster asset growth than 97% of similar nonprofits.
Revenue Growth
97th percentile
Faster revenue growth than 97% of similar nonprofits.
Balance Sheet
Assets
Up$5,661
Up $4,311 (+319%) from 2018
Liabilities
Down$5,661
Down $12,823 (-69%) from 2018
Net Assets
-
No earlier filing loaded for comparison.
Revenue
Up$5,661
Up $4,311 (+319%) from 2018
Expenses
Down$5,561
Down $12,923 (-70%) from 2018
Net Income
Up$100
Up $17,234 (+101%) from 2018
Trend Graphs
Filings
Most recent year
2019 • Form 990EZSummary only. Only limited summary data is available for this year.
- Assets
- $5,661
- Liabilities
- $5,661
- Net assets
- -
- Revenue
- $5,661
- Expenses
- $5,561
- Net income
- $100
Latest Detailed Filing
The latest 2019 filing currently has summary financial data only. Showing the latest detailed filing from 2018 below.
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2018 to Dec 31, 2018
- Signed
- Oct 30, 2019
- Return Version
- 2018v3.1
- Gross Receipts
- $1,350
Mission and Program Overview
Mission
Genesis parochial schools is an innovative outreach ministry that will reach and connect with preschool aged children and their families during the most receptive season of their lives through an integrated partnership with local churches to provide top quality, faith-based early childhood education.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| WE RARELY HAD TO DO THE KINDS OF ADVERTISING THAT I HAVE SEEN OTHER PRESCHOOLS DO BECAUSE OUR BIGGEST SOURCE OF NEW STUDENTS WAS ENROLLMENT FROM EXISTING STUDENTS' FAMILIES. WE WERE WELL-KNOWN FOR BEING EXTREMELY REASONABLY PRICED. WE WERE A FAITH-BASED SCHOOL THAT ENROLLED CHRISTIANS, JEWISH CHILDREN AND EVEN MUSLIM CHILDREN BECAUSE OF THE NON-DENOMINATIONAL NATURE OF CURRICULUM OF FAITH. WHEN I CLOSED THE SCHOOL DOWN AND I MOVED TO ANOTHER SCHOOL DOWN THE ROAD, EVERY ENROLLED STUDENT FOLLOWED ME AND MY TEACHERS. EVEN THOUGH THE SCHOOL HAS BEEN CLOSED SINCE DECEMBER, THERE ARE STILL FACEBOOK GROUPS FOR MOMS IN ALLEN IN WHICH THE QUALITY OF THE SCHOOL IS STILL BEING DISCUSSED. | - | $18,484 |
| WE RARELY HAD TO DO THE KINDS OF ADVERTISING THAT I HAVE SEEN OTHER PRESCHOOLS DO BECAUSE OUR BIGGEST SOURCE OF NEW STUDENTS WAS ENROLLMENT FROM EXISTING STUDENTS' FAMILIES. WE WERE WELL-KNOWN FOR BEING EXTREMELY REASONABLY PRICED. WE WERE A FAITH-BASED SCHOOL THAT ENROLLED CHRISTIANS, JEWISH CHILDREN AND EVEN MUSLIM CHILDREN BECAUSE OF THE NON-DENOMINATIONAL NATURE OF CURRICULUM OF FAITH. WHEN I CLOSED THE SCHOOL DOWN AND I MOVED TO ANOTHER SCHOOL DOWN THE ROAD, EVERY ENROLLED STUDENT FOLLOWED ME AND MY TEACHERS. EVEN THOUGH THE SCHOOL HAS BEEN CLOSED SINCE DECEMBER, THERE ARE STILL FACEBOOK GROUPS FOR MOMS IN ALLEN IN WHICH THE QUALITY OF THE SCHOOL IS STILL BEING DISCUSSED. | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| STEPHANIE FRASCA | Officer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Genesis Parochial Schools
- EIN
- 47-1614128
- Phone
- 9723960038
- Address
- 1804 CROSS POINT ROAD, MCKINNEY, TX 75070
Signing Officer
- Name
- Stephanie Frasca
- Title
- Officer
- Phone
- 9723960038
- Signed
- 2019-10-30
Preparer
- Firm
- Sudha Periasamy CPA Pllc
- Address
- 1112 CARSON DR, ALLEN, TX 75002-1717
- Preparer
- Sudha Periasamy
- Phone
- 2144496348
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses office expenses 3,069 total 3,069”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 0 18,484”
Form 990-ez, Part III
“Genesis parochial schools is an innovative outreach ministry that will reach and connect with preschool aged children and their families during the most receptive season of their lives through an integrated partnership with local churches to provide top quality, faith-based early childhood education.”
Form 990-ez, Part III, Line 28
“We rarely had to do the kinds of advertising that i have seen other preschools do because our biggest source of new students was enrollment from existing students' families. We were well-known for being extremely reasonably priced. We were a faith-based school that enrolled christians, jewish children and even muslim children because of the non-denominational nature of curriculum of faith. When i closed the school down and i moved to another school down the road, every enrolled student followed me and my teachers. Even though the school has been closed since december, there are still facebook groups for moms in allen in which the quality of the school is still being discussed.”
Form 990-ez, Part III, Line 31
“We rarely had to do the kinds of advertising that i have seen other preschools do because our biggest source of new students was enrollment from existing students' families. We were well-known for being extremely reasonably priced. We were a faith-based school that enrolled christians, jewish children and even muslim children because of the non-denominational nature of curriculum of faith. When i closed the school down and i moved to another school down the road, every enrolled student followed me and my teachers. Even though the school has been closed since december, there are still facebook groups for moms in allen in which the quality of the school is still being discussed.”
Raw XML Appendix108 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | STEPHANIE FRASCA |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9723960038 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1804 CROSS POINT RD |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | MCKINNEY |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TX |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 75070 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 1350 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 1350 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -17134 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 2135 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 1350 |
| IRS990EZ/GrossReceiptsAmt | 0 | 1350 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -17134 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -17134 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 3000 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | STEPHANIE FRASCA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | OFFICER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 3069 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | GENESIS PAROCHIAL SCHOOLS IS AN INNOVATIVE OUTREACH MINISTRY THAT WILL REACH AND CONNECT WITH PRESCHOOL AGED CHILDREN AND THEIR FAMILIES DURING THE MOST RECEPTIVE SEASON OF THEIR LIVES THROUGH AN INTEGRATED PARTNERSHIP WITH LOCAL CHURCHES TO PROVIDE TOP QUALITY, FAITH-BASED EARLY CHILDHOOD EDUCATION. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | WE RARELY HAD TO DO THE KINDS OF ADVERTISING THAT I HAVE SEEN OTHER PRESCHOOLS DO BECAUSE OUR BIGGEST SOURCE OF NEW STUDENTS WAS ENROLLMENT FROM EXISTING STUDENTS' FAMILIES. WE WERE WELL-KNOWN FOR BEING EXTREMELY REASONABLY PRICED. WE WERE A FAITH-BASED SCHOOL THAT ENROLLED CHRISTIANS, JEWISH CHILDREN AND EVEN MUSLIM CHILDREN BECAUSE OF THE NON-DENOMINATIONAL NATURE OF CURRICULUM OF FAITH. WHEN I CLOSED THE SCHOOL DOWN AND I MOVED TO ANOTHER SCHOOL DOWN THE ROAD, EVERY ENROLLED STUDENT FOLLOWED ME AND MY TEACHERS. EVEN THOUGH THE SCHOOL HAS BEEN CLOSED SINCE DECEMBER, THERE ARE STILL FACEBOOK GROUPS FOR MOMS IN ALLEN IN WHICH THE QUALITY OF THE SCHOOL IS STILL BEING DISCUSSED. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | WE RARELY HAD TO DO THE KINDS OF ADVERTISING THAT I HAVE SEEN OTHER PRESCHOOLS DO BECAUSE OUR BIGGEST SOURCE OF NEW STUDENTS WAS ENROLLMENT FROM EXISTING STUDENTS' FAMILIES. WE WERE WELL-KNOWN FOR BEING EXTREMELY REASONABLY PRICED. WE WERE A FAITH-BASED SCHOOL THAT ENROLLED CHRISTIANS, JEWISH CHILDREN AND EVEN MUSLIM CHILDREN BECAUSE OF THE NON-DENOMINATIONAL NATURE OF CURRICULUM OF FAITH. WHEN I CLOSED THE SCHOOL DOWN AND I MOVED TO ANOTHER SCHOOL DOWN THE ROAD, EVERY ENROLLED STUDENT FOLLOWED ME AND MY TEACHERS. EVEN THOUGH THE SCHOOL HAS BEEN CLOSED SINCE DECEMBER, THERE ARE STILL FACEBOOK GROUPS FOR MOMS IN ALLEN IN WHICH THE QUALITY OF THE SCHOOL IS STILL BEING DISCUSSED. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 18484 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 10280 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 18484 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 18484 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 18484 |
| IRS990EZ/TotalRevenueAmt | 0 | 1350 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES OFFICE EXPENSES 3,069 TOTAL 3,069 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 18,484 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | GENESIS PAROCHIAL SCHOOLS IS AN INNOVATIVE OUTREACH MINISTRY THAT WILL REACH AND CONNECT WITH PRESCHOOL AGED CHILDREN AND THEIR FAMILIES DURING THE MOST RECEPTIVE SEASON OF THEIR LIVES THROUGH AN INTEGRATED PARTNERSHIP WITH LOCAL CHURCHES TO PROVIDE TOP QUALITY, FAITH-BASED EARLY CHILDHOOD EDUCATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | WE RARELY HAD TO DO THE KINDS OF ADVERTISING THAT I HAVE SEEN OTHER PRESCHOOLS DO BECAUSE OUR BIGGEST SOURCE OF NEW STUDENTS WAS ENROLLMENT FROM EXISTING STUDENTS' FAMILIES. WE WERE WELL-KNOWN FOR BEING EXTREMELY REASONABLY PRICED. WE WERE A FAITH-BASED SCHOOL THAT ENROLLED CHRISTIANS, JEWISH CHILDREN AND EVEN MUSLIM CHILDREN BECAUSE OF THE NON-DENOMINATIONAL NATURE OF CURRICULUM OF FAITH. WHEN I CLOSED THE SCHOOL DOWN AND I MOVED TO ANOTHER SCHOOL DOWN THE ROAD, EVERY ENROLLED STUDENT FOLLOWED ME AND MY TEACHERS. EVEN THOUGH THE SCHOOL HAS BEEN CLOSED SINCE DECEMBER, THERE ARE STILL FACEBOOK GROUPS FOR MOMS IN ALLEN IN WHICH THE QUALITY OF THE SCHOOL IS STILL BEING DISCUSSED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | WE RARELY HAD TO DO THE KINDS OF ADVERTISING THAT I HAVE SEEN OTHER PRESCHOOLS DO BECAUSE OUR BIGGEST SOURCE OF NEW STUDENTS WAS ENROLLMENT FROM EXISTING STUDENTS' FAMILIES. WE WERE WELL-KNOWN FOR BEING EXTREMELY REASONABLY PRICED. WE WERE A FAITH-BASED SCHOOL THAT ENROLLED CHRISTIANS, JEWISH CHILDREN AND EVEN MUSLIM CHILDREN BECAUSE OF THE NON-DENOMINATIONAL NATURE OF CURRICULUM OF FAITH. WHEN I CLOSED THE SCHOOL DOWN AND I MOVED TO ANOTHER SCHOOL DOWN THE ROAD, EVERY ENROLLED STUDENT FOLLOWED ME AND MY TEACHERS. EVEN THOUGH THE SCHOOL HAS BEEN CLOSED SINCE DECEMBER, THERE ARE STILL FACEBOOK GROUPS FOR MOMS IN ALLEN IN WHICH THE QUALITY OF THE SCHOOL IS STILL BEING DISCUSSED. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III, LINE 28 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2020-01-14 16:20:31Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | STEPHANIE FRASCA |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | OFFICER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9723960038 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2019-10-30 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | GENESIS PAROCHIAL SCHOOLS |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | GENE |
| ReturnHeader/Filer/EIN | 0 | 471614128 |
| ReturnHeader/Filer/PhoneNum | 0 | 9723960038 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1804 CROSS POINT ROAD |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MCKINNEY |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 75070 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 57B04FAC9DF435598C24FCEE8E7FC87B7549B21B |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 57B04FAC9DF435598C24FCEE8E7FC87B7549B21B |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 70.122.215.250 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2019-10-30 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CD |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 13:01:08 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 464586242 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SUDHA PERIASAMY CPA PLLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1112 CARSON DR |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | ALLEN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 750021717 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2144496348 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2019-10-30 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | SUDHA PERIASAMY |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2019-10-30T13:01:08-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2018-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2018-12-31 |
| ReturnHeader/TaxYr | 0 | 2018 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.