Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
13.69x
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
76th percentile
Higher top officer pay than 76% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
2nd percentile
Faster asset growth than 2% of similar nonprofits.
Revenue Growth
1st percentile
Faster revenue growth than 1% of similar nonprofits.
Balance Sheet
Assets
Down$1,350
Down $185,379 (-99%) from 2017
Net Assets
-$17,134
No earlier filing loaded for comparison.
Liabilities
Down$18,484
Down $168,368 (-90%) from 2017
Revenue And Expenses
Revenue
Down$1,350
Down $183,714 (-99%) from 2017
Expenses
Down$18,484
Down $168,368 (-90%) from 2017
Net Income
Down-$17,134
Down $15,346 (-858%) from 2017
Historical Trend
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.
Filings
Displayed year
2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $1,350
- Liabilities
- $18,484
- Net assets
- -$17,134
- Revenue
- $1,350
- Expenses
- $18,484
- Net income
- -$17,134