Civic Intelligence

Genesis the Schlesinger Academy for Innovation

990 • Fiscal year 2016 • EIN 47-4460740

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 16, 2017

Organization ProfileWWW.GENESISSTEAM.ORG
9595 Wilshire BlvdBeverly Hills, CA 90212

(310) 494-0180

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.13x

Higher debt load relative to assets than 79% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

77th percentile

0.06x

Higher debt load relative to revenue than 77% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

88th percentile

37%

Higher net margin than 88% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2015 to 2016

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$113,586

Up $113,586 from 2015

Net Assets

Up

$98,366

Up $98,366 from 2015

Liabilities

$15,220

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin88th percentile

Revenue

Up

$262,650

Up $262,650 from 2015

Expenses

$164,284

No earlier filing loaded for comparison.

Net Income

$98,366

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2015: $0Net Assets 2015: $02015Assets 2016: $113,586Liabilities 2016: $15,220Net Assets 2016: $98,3662016Assets 2017: $206,600Liabilities 2017: $0Net Assets 2017: $206,6002017Assets 2018: $230,921Liabilities 2018: $0Net Assets 2018: $230,9212018Assets 2019: $101,337Liabilities 2019: $0Net Assets 2019: $101,3372019Assets 2020: $209,055Liabilities 2020: $0Net Assets 2020: $209,0552020Assets 2021: $179,176Liabilities 2021: $0Net Assets 2021: $179,1762021Assets 2022: $136,286Liabilities 2022: $0Net Assets 2022: $136,2862022Assets 2023: $266,437Liabilities 2023: $0Net Assets 2023: $266,4372023Assets 2024: $216,466Liabilities 2024: $0Net Assets 2024: $216,4662024

Highlighted filing

2016

Assets$113,586
Liabilities$15,220
Net Assets$98,366
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2015: $02015Revenue 2016: $262,650Expenses 2016: $164,284Net Income 2016: $98,3662016Revenue 2017: $568,311Expenses 2017: $460,077Net Income 2017: $108,2342017Revenue 2018: $777,564Expenses 2018: $753,243Net Income 2018: $24,3212018Revenue 2019: $642,220Expenses 2019: $771,804Net Income 2019: -$129,5842019Revenue 2020: $619,974Expenses 2020: $512,256Net Income 2020: $107,7182020Revenue 2021: $767,084Expenses 2021: $796,963Net Income 2021: -$29,8792021Revenue 2022: $503,984Expenses 2022: $546,874Net Income 2022: -$42,8902022Revenue 2023: $525,550Expenses 2023: $395,399Net Income 2023: $130,1512023Revenue 2024: $257,000Expenses 2024: $306,971Net Income 2024: -$49,9712024

Highlighted filing

2016

Revenue$262,650
Expenses$164,284
Net Income$98,366
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 16, 2017
Return Version
2016v3.0
Gross Receipts
$262,650
Mission and Program Overview

Mission

Genesis Mission is to foster and strengthen STEAM education by offering comprehensive, hands-on STEAM learning experiences that combine project-based learning and design thinking with opportunities for students to apply their STEAM skills to real life challenges.

Genesis, the schlesinger academy for innovation (genesis) was formed on june 29, 2015, as a california nonprofit, public benefit corporation. The primary goal of the academy is to inspire students from kindergarten to 12th grade in the greater los angeles community to make a difference using innovative steam learning for the 21st century. Students participating in the genesis programs, curriculum, facilities, and events will learn to create breakthroughs using "steam" (science, technology, engineering, art, and math) curricula and develop creativity in cutting edge innovations. For many young minds, steam is their key to a successful future, and genesis is committed to preparing students to thrive in a competitive global economy, with a mission to make a difference.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$67,156-
Land, Buildings, and Equipment, Net-$46,430-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$0$113,586▲ $113,586
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses-$15,220-
Total Liabilities$0$15,220▲ $15,220
Net Assets / Fund Balance
Unrestricted Net Assets-$98,366-
Total Net Assets Fund Balance$0$98,366▲ $98,366
Total Liabilities and Net Assets / Fund Balance$0$113,586▲ $113,586

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$46,430$3,570$50,000
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Michael BaumVice Chairman
Alexander FaxDirector
Seth BerkowitzDirector
Ari MacklerCFO
Sheri SchlesingerChief Executive
Debbie MundSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$259,150
Program Service Revenue
$3,500
Investment Income
$0
Other Revenue
$0
All Other Contributions
$259,150
Change in Net Assets
$98,366

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Cars and Other Vehicles1$50,000Fmw
Total Noncash Contributions1$50,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$164,284
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$103,063--$103,063
Information Technology-$4,731-$4,731
Insurance-$3,974-$3,974
Depreciation Depletion$3,570--$3,570
Office Expenses-$3,431-$3,431
Other Expenses$977--$977
All Other Expenses$324--$324
Fees for Services Legal-$87-$87
Total Functional Expenses$152,061$12,223$0$164,284
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“Organization bylaws authorize founder Sheri Schlesinger to appoint two members to the board of directors and further provide that only she or her designee can terminate the members she has appointed.”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“N/A The Board has no committees.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Form 990 is circulated electronically to members of the board of directors and then approved at a board meeting prior to filing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Genesis makes its annual Form 990 and Financial Statements available to the public via written request.”

Filing and Contact Details

Filer

Filer Name
Genesis the Schlesinger Academy for
EIN
47-4460740
Phone
3104940180
Address
9595 WILSHIRE BLVD, BEVERLY HILLS, CA 90212

Signing Officer

Name
Sheri Schlesinger
Title
Chief Executive
Signed
2017-03-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sheri Schlesinger
Formed
2015
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
0
Employees
0

Preparer

Firm
Gerber & Co Inc
Address
1880 CENTURY PARK EAST SUITE 200, LOS ANGELES, CA 90067-1602
Preparer
Selwyn Gerber
Phone
3105521600
Supplemental Narrative

Additional Explanations

Client Note 1

“Client Note 1 - FORM 990, PART IX, LINE 11g OTHER FEES FOR SERVICESIndependent Contractors for Program Services including program and curriculum design, delivery of program services to students, and outreach to promote STEAM literacy in the community.”

Form 990, Part III, Line 2: New Services

“In 2016, Genesis partnered with the Challengers Boys & Girls Club in South Los Angeles and opened a new fully-equipped Genesis Innovation Lab to provide daily and summer after-school program services to more than 600 club members.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt098366
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/BookValueAmt046430
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03570
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt050000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt046430
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/CarsAndOtherVehiclesGrp/ContributionCnt01
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IRS990ScheduleM/CarsAndOtherVehiclesGrp/NonCashCheckboxInd0X
IRS990ScheduleM/CarsAndOtherVehiclesGrp/NoncashContributionsRptF990Amt050000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Client Note 1 - FORM 990, PART IX, LINE 11g OTHER FEES FOR SERVICESIndependent Contractors for Program Services including program and curriculum design, delivery of program services to students, and outreach to promote STEAM literacy in the community.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1In 2016, Genesis partnered with the Challengers Boys & Girls Club in South Los Angeles and opened a new fully-equipped Genesis Innovation Lab to provide daily and summer after-school program services to more than 600 club members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Organization bylaws authorize founder Sheri Schlesinger to appoint two members to the board of directors and further provide that only she or her designee can terminate the members she has appointed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3N/A The Board has no committees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Form 990 is circulated electronically to members of the board of directors and then approved at a board meeting prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Genesis makes its annual Form 990 and Financial Statements available to the public via written request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Client Note 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part III, Line 2: New Services
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SignificantNewProgramSrvcInd0true
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt0113586
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0152061
IRS990/TotalFunctionalExpensesGrp/TotalAmt0164284
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt015220
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IRS990/UnrestrictedNetAssetsGrp/EOYAmt098366
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt09595 WILSHIRE BLVD 700
IRS990/USAddress/CityNm0BEVERLY HILLS
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090212
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.GENESISSTEAM.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SHERI SCHLESINGER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF EXECUTIVE
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GENESIS THE SCHLESINGER ACADEMY FOR
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INNOVATION
ReturnHeader/Filer/BusinessNameControlTxt0GENE
ReturnHeader/Filer/EIN0474460740
ReturnHeader/Filer/PhoneNum03104940180
ReturnHeader/Filer/USAddress/AddressLine1Txt09595 WILSHIRE BLVD
ReturnHeader/Filer/USAddress/CityNm0BEVERLY HILLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090212
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Gerber & Co Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01880 CENTURY PARK EAST SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOS ANGELES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0900671602
ReturnHeader/PreparerPersonGrp/PhoneNum03105521600
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Selwyn Gerber
ReturnHeader/ReturnTs02017-03-16T14:53:46-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$113,586
Liabilities
$15,220
Net assets
$98,366
Revenue
$262,650
Expenses
$164,284
Net income
$98,366
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$0.00$2.16$2.57$3.07$0.50
2023Detailed filing. Detailed filing data is available for this year.$2.66$0.00$2.66$5.26$3.95$1.30
2022Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.36$5.04$5.47$0.43
2021Detailed filing. Detailed filing data is available for this year.$1.79$0.00$1.79$7.67$7.97$0.30
2020Detailed filing. Detailed filing data is available for this year.$2.09$0.00$2.09$6.20$5.12$1.08
2019Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$6.42$7.72$1.30
2018Detailed filing. Detailed filing data is available for this year.$2.31$0.00$2.31$7.78$7.53$0.24
2017Detailed filing. Detailed filing data is available for this year.$2.07$0.00$2.07$5.68$4.60$1.08
2016Detailed filing. Detailed filing data is available for this year.$1.14$0.15$0.98$2.63$1.64$0.98
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00