Civic Intelligence

Genesis Innovation Academy Inc.

990 • Fiscal year 2017 • EIN 81-4056534

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 06, 2017

Organization ProfileWWW.GENESISINNOVATIONACADEMY.ORG
1049 Custer Ave SEAtlanta, GA 30316

(404) 990-3844

Siviq Scores

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

Liabilities / Assets

90th percentile

0.88x

Higher debt load relative to assets than 90% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

96th percentile

5.93x

Higher debt load relative to revenue than 96% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

97th percentile

78%

Higher net margin than 97% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Balance Sheet
Liabilities / Assets90th percentile

Assets

$4,362,838

No earlier filing loaded for comparison.

Net Assets

$510,006

No earlier filing loaded for comparison.

Liabilities

$3,852,832

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin97th percentile

Revenue

$650,000

No earlier filing loaded for comparison.

Expenses

$139,994

No earlier filing loaded for comparison.

Net Income

$510,006

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.

$30M$20M$10M$0Assets 2017: $4,362,838Liabilities 2017: $3,852,832Net Assets 2017: $510,0062017Assets 2018: $5,112,524Liabilities 2018: $4,497,713Net Assets 2018: $614,8112018Assets 2019: $8,628,850Liabilities 2019: $7,113,161Net Assets 2019: $1,515,6892019Assets 2020: $12,422,792Liabilities 2020: $9,825,192Net Assets 2020: $2,597,6002020Assets 2021: $13,756,801Liabilities 2021: $10,645,447Net Assets 2021: $3,111,3542021Assets 2022: $15,607,375Liabilities 2022: $11,214,211Net Assets 2022: $4,393,1642022Assets 2023: $20,948,334Liabilities 2023: $16,776,451Net Assets 2023: $4,171,8832023Assets 2024: $18,324,015Liabilities 2024: $15,926,480Net Assets 2024: $2,397,5352024Assets 2025: $17,703,767Liabilities 2025: $15,240,190Net Assets 2025: $2,463,5772025

Highlighted filing

2017

Assets$4,362,838
Liabilities$3,852,832
Net Assets$510,006
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$15M$10M$5.0M$0-$5.0MRevenue 2017: $650,000Expenses 2017: $139,994Net Income 2017: $510,0062017Revenue 2018: $3,867,563Expenses 2018: $3,728,065Net Income 2018: $139,4982018Revenue 2019: $6,906,383Expenses 2019: $6,005,505Net Income 2019: $900,8782019Revenue 2020: $8,713,527Expenses 2020: $7,631,616Net Income 2020: $1,081,9112020Revenue 2021: $10,227,224Expenses 2021: $9,713,470Net Income 2021: $513,7542021Revenue 2022: $11,246,482Expenses 2022: $9,964,672Net Income 2022: $1,281,8102022Revenue 2023: $12,674,616Expenses 2023: $12,895,897Net Income 2023: -$221,2812023Revenue 2024: $11,298,411Expenses 2024: $13,072,763Net Income 2024: -$1,774,3522024Revenue 2025: $12,305,672Expenses 2025: $12,239,630Net Income 2025: $66,0422025

Highlighted filing

2017

Revenue$650,000
Expenses$139,994
Net Income$510,006
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 6, 2017
Return Version
2016v3.0
Gross Receipts
$650,000
Mission and Program Overview

Mission

To create the next generation of path-breaking innovators, who maximize their talents and assets, pursue their unique vision, purpose and passion; and lead by serving with uncompromising discipline and integrity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$3,683,112-
Cash and Non-Interest-Bearing Accounts-$679,726-
Total Assets$0$4,362,838▲ $4,362,838
Liabilities
Mortgage Notes Payable Secured by Investment Property-$3,713,453-
Other Liabilities-$139,379-
Total Liabilities$0$3,852,832▲ $3,852,832
Net Assets / Fund Balance
Unrestricted Net Assets-$510,006-
Total Net Assets Fund Balance$0$510,006▲ $510,006
Total Liabilities and Net Assets / Fund Balance$0$4,362,838▲ $4,362,838

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,713,471--
Land$969,641--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Daryl C JonesBoard Chair
MARCHUS SHUTE SrVice Chair
Arle WilsonBoard Member
Audrey TolsonBoard Member
Darrell GrovesBoard Member
Erika B McgrewBoard Member
Gavin a SammsHead of Schools
Ed BarberTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$650,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$650,000
Change in Net Assets
$510,006
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$139,994
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
Interest-$90,390-$90,390
All Other Expenses-$19,230-$19,230
Insurance-$6,322-$6,322
Other Expenses-$5,926-$5,926
Information Technology-$1,438-$1,438
Total Functional Expenses$0$139,994$0$139,994
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest$90,390
Accounts Payable$48,989
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“A copy of the 990 is given to the board before it is filed”

Conflict of interest policy compliance Part VI line 12C

“Board members are required to disclose any potential conflicts of interest”

CEO executive director top management comp Part VI line 15A

“The process of determination of compensation involves research on compensation of similar positions, in similar organizations.”

Other officer or key employee compensation Part VI line 15B

“The process of determination of compensation involves research on compensation of similar positions, in similar organizations.”

Governing documents etc available to public Part VI line 19

“Documents are available upon request in the schools administrative office”

Filing and Contact Details

Filer

Filer Name
Genesis Innovation Academy Inc
EIN
81-4056534
Address
1049 CUSTER AVE SE, ATLANTA, GA 30316

Signing Officer

Name
Gavin a Samms
Title
Head of Schools
Phone
4049903844
Signed
2017-11-06
Discuss with paid preparer
Yes

Organization Details

Formed
2015
Legal Domicile
Ga
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Bambo Sonaike CPA LLC
Address
707 WHITLOCK AVE SUITE B-21, Marietta, GA 30064
Preparer
Adebambo Sonaike CPA
Phone
7709566455
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

“Please see schedule of other expenses”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCESS OF DETERMINATION OF COMPENSATION INVOLVES RESEARCH ON COMPENSATION OF SIMILAR POSITIONS, IN SIMILAR ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS OF DETERMINATION OF COMPENSATION INVOLVES RESEARCH ON COMPENSATION OF SIMILAR POSITIONS, IN SIMILAR ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE UPON REQUEST IN THE SCHOOLS ADMINISTRATIVE OFFICE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PLEASE SEE SCHEDULE OF OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0510006
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0650000
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04362838
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0510006
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.GENESISINNOVATIONACADEMY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GAVIN A SAMMS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOLS
ReturnHeader/BusinessOfficerGrp/PhoneNum04049903844
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GENESIS INNOVATION ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0GENE
ReturnHeader/Filer/EIN0814056534
ReturnHeader/Filer/USAddress/AddressLine1Txt01049 CUSTER AVE SE
ReturnHeader/Filer/USAddress/CityNm0ATLANTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030316
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0037C96AA94C95D1B554FE9168AC97A29DCE33071
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId06715192017335wgglxwd
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-12-01
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.241.20.42
ReturnHeader/FilingSecurityInformation/IPDt02017-12-01
ReturnHeader/FilingSecurityInformation/IPTm009:04:06
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0900226617
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BAMBO SONAIKE CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0707 WHITLOCK AVE SUITE B-21
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Marietta
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030064
ReturnHeader/PreparerPersonGrp/PhoneNum07709566455
ReturnHeader/PreparerPersonGrp/PreparationDt02017-12-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ADEBAMBO SONAIKE CPA
ReturnHeader/ReturnTs02017-12-01T09:03:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,362,838
Liabilities
$3,852,832
Net assets
$510,006
Revenue
$650,000
Expenses
$139,994
Net income
$510,006
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.7$15.2$2.46$12.3$12.2$0.07
2024Detailed filing. Detailed filing data is available for this year.$18.3$15.9$2.40$11.3$13.1$1.77
2023Detailed filing. Detailed filing data is available for this year.$20.9$16.8$4.17$12.7$12.9$0.22
2022Detailed filing. Detailed filing data is available for this year.$15.6$11.2$4.39$11.2$9.96$1.28
2021Detailed filing. Detailed filing data is available for this year.$13.8$10.6$3.11$10.2$9.71$0.51
2020Detailed filing. Detailed filing data is available for this year.$12.4$9.83$2.60$8.71$7.63$1.08
2019Detailed filing. Detailed filing data is available for this year.$8.63$7.11$1.52$6.91$6.01$0.90
2018Detailed filing. Detailed filing data is available for this year.$5.11$4.50$0.61$3.87$3.73$0.14
2017Detailed filing. Detailed filing data is available for this year.$4.36$3.85$0.51$0.65$0.14$0.51