Civic Intelligence

Genesis Innovation Academy Inc.

990 • Fiscal year 2018 • EIN 81-4056534

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 01, 2018

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

88th percentile

0.88x

Higher debt load relative to assets than 88% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

83rd percentile

1.16x

Higher debt load relative to revenue than 83% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

52nd percentile

3.6%

Higher net margin than 52% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

81st percentile

17%

Faster asset growth than 81% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

99th percentile

495%

Faster revenue growth than 99% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$5,112,524

Up $749,686 (+17%) from 2017

Net Assets

Up

$614,811

Up $104,805 (+21%) from 2017

Liabilities

Up

$4,497,713

Up $644,881 (+17%) from 2017

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin52nd percentile

Revenue

Up

$3,867,563

Up $3,217,563 (+495%) from 2017

Expenses

Up

$3,728,065

Up $3,588,071 (+2563%) from 2017

Net Income

Down

$139,498

Down $370,508 (-73%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

2018

Assets$5,112,524
Liabilities$4,497,713
Net Assets$614,811
Open 2018 Filing

Operations Trend

Revenue Growth99th percentile

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

2018

Revenue$3,867,563
Expenses$3,728,065
Net Income$139,498
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 1, 2018
Return Version
2017v2.2
Gross Receipts
$3,867,563
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$3,983,757▲ $300,645
Cash and Non-Interest-Bearing Accounts$679,726$543,502▼ $136,224
Accounts Receivable-$88,559-
Prepaid Expenses and Deferred Charges-$19,923-
Total Assets$4,362,838$5,112,524▲ $749,686
Other Assets Total-$476,783-
Liabilities
Other Liabilities$139,379$4,417,142▲ $4,277,763
Mortgage Notes Payable Secured by Investment Property$3,713,453--
Accounts Payable and Accrued Expenses$48,989$80,571▲ $31,582
Total Liabilities$3,901,821$4,497,713▲ $595,892
Net Assets / Fund Balance
Unrestricted Net Assets$461,017$614,811▲ $153,794
Total Net Assets Fund Balance$461,017$614,811▲ $153,794
Total Liabilities and Net Assets / Fund Balance$4,362,838$5,112,524▲ $749,686

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,921,068$111,136$318,733
Equipment$93,048$23,225$116,273
Land$969,641--
Other Assets Org$265,451--
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Daryl C JonesBoard Chair
Marcus Shute SrVice Chair
Darrell GrovesBoard Member
Stephen LittlesBoard Member
Tomika JonesBoard Member
Gavin a SammsHead of Schools
Jasmine AyersMember
Arle WilsonSecretary
Eddie BradfordTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$710,240
Program Service Revenue
$3,157,323
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$139,498
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,728,065
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
All Other Expenses$1,236,708--$1,236,708
Other Expenses$41,577$401,681-$401,681
Interest$342,877--$342,877
Total Functional Expenses$3,299,852$428,213$0$3,728,065
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
Notes Payable$4,031,620
Due From Affiliate$211,332
Accrued Interest$174,190
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 Phd
Title
Head of Schools
Phone
4049903844
Signed
2018-10-01
Discuss with paid preparer
Yes

Organization Details

Formed
2015
Legal Domicile
Ga
Voting Board Members
7
Independent Board Members
7
Employees
50

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

Explanation of other changes in net assets or fund balances Part XI line 9

“Begining balance adjustments.”

List of other expenses Part IX line 24E

“Please see schedule of other expenses”

Raw XML Appendix377 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.

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IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
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IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE 990 IS GIVEN TO THE BOARD BEFORE IT IS FILED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST
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/ExplanationTxt5BEGINING BALANCE ADJUSTMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PLEASE SEE SCHEDULE OF OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other expenses Part IX line 24e
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
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IRS990/TotalEmployeeCnt050
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0428213
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03299852
IRS990/TotalFunctionalExpensesGrp/TotalAmt03728065
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IRS990/TotalLiabilitiesBOYAmt03901821
IRS990/TotalLiabilitiesEOYAmt04497713
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03299852
IRS990/TotalProgramServiceRevenueAmt03157323
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IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03157323
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03867563
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04362838
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05112524
IRS990/TotReportableCompRltdOrgAmt00
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOLS
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ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-01
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-11-01
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.241.20.42
ReturnHeader/FilingSecurityInformation/IPDt02018-11-01
ReturnHeader/FilingSecurityInformation/IPTm011:02:11
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0900226617
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BAMBO SONAIKE CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0707 WHITLOCK AVE SUITE B-21
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Marietta
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030064
ReturnHeader/PreparerPersonGrp/PhoneNum07709566455
ReturnHeader/PreparerPersonGrp/PreparationDt02018-10-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ADEBAMBO SONAIKE CPA
ReturnHeader/ReturnTs02018-10-23T09:52:24-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,112,524
Liabilities
$4,497,713
Net assets
$614,811
Revenue
$3,867,563
Expenses
$3,728,065
Net income
$139,498
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