Civic Intelligence

Genesis Innovation Academy Inc.

990 • Fiscal year 2019 • EIN 81-4056534

Jul 01, 2018 to Jun 30, 2019 • Filed on Sep 11, 2019

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

87th percentile

0.82x

Higher debt load relative to assets than 87% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

82nd percentile

1.03x

Higher debt load relative to revenue than 82% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

71st percentile

13%

Higher net margin than 71% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

95th percentile

69%

Faster asset growth than 95% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

93rd percentile

79%

Faster revenue growth than 93% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$8,628,850

Up $3,516,326 (+69%) from 2018

Net Assets

Up

$1,515,689

Up $900,878 (+147%) from 2018

Liabilities

Up

$7,113,161

Up $2,615,448 (+58%) from 2018

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin71st percentile

Revenue

Up

$6,906,383

Up $3,038,820 (+79%) from 2018

Expenses

Up

$6,005,505

Up $2,277,440 (+61%) from 2018

Net Income

Up

$900,878

Up $761,380 (+546%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth95th 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

2019

Assets$8,628,850
Liabilities$7,113,161
Net Assets$1,515,689
Open 2019 Filing

Operations Trend

Revenue Growth93rd 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

2019

Revenue$6,906,383
Expenses$6,005,505
Net Income$900,878
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Sep 11, 2019
Return Version
2018v3.1
Gross Receipts
$6,906,383
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$3,983,757$3,878,808▼ $104,949
Cash and Non-Interest-Bearing Accounts$543,502$2,176,584▲ $1,633,082
Accounts Receivable$88,559$18,788▼ $69,771
Prepaid Expenses and Deferred Charges$19,923$559▼ $19,364
Total Assets$5,112,524$8,628,850▲ $3,516,326
Other Assets Total$476,783$2,554,111▲ $2,077,328
Liabilities
Other Liabilities$4,417,142$6,927,543▲ $2,510,401
Accounts Payable and Accrued Expenses$80,571$185,618▲ $105,047
Total Liabilities$4,497,713$7,113,161▲ $2,615,448
Net Assets / Fund Balance
Unrestricted Net Assets$614,811$1,515,689▲ $900,878
Total Net Assets Fund Balance$614,811$1,515,689▲ $900,878
Total Liabilities and Net Assets / Fund Balance$5,112,524$8,628,850▲ $3,516,326

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,819,995$212,209$318,733
Equipment$89,172$27,101$116,273
Land$969,641--
Other Assets Org$2,554,111--
Compensation and Service Providers
Top Officer Pay21st 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
Arle WilsonSecretary
Eddie BradfordTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$743,765
Program Service Revenue
$6,162,618
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$900,878

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,906,383
Total Revenue per Audited Statements
$6,906,383
Total Revenue per Form 990
$6,906,383
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,005,505
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$2,021,782--$2,021,782
Other Expenses$34,101$666,391-$666,391
Interest$384,987--$384,987
Total Functional Expenses$5,234,001$771,504$0$6,005,505

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,005,505
Total Expenses per Audited Statements$6,005,505
Total Expenses per Form 990$6,005,505
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
Net Pension Liability$2,643,991
Accrued Interest$174,190
Deferred Inflow$77,742
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
2019-09-11
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”

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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/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/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05234001
IRS990/TotalFunctionalExpensesGrp/TotalAmt06005505
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IRS990/TotalProgramServiceExpensesAmt05234001
IRS990/TotalProgramServiceRevenueAmt06162618
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06162618
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06906383
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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ReturnHeader/BusinessOfficerGrp/SignatureDt02019-09-11
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.241.20.42
ReturnHeader/FilingSecurityInformation/IPDt02019-11-07
ReturnHeader/FilingSecurityInformation/IPTm011:49:44
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0900226617
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BAMBO SONAIKE CPA LLC
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ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ADEBAMBO SONAIKE CPA
ReturnHeader/ReturnTs02019-11-07T11:44:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,628,850
Liabilities
$7,113,161
Net assets
$1,515,689
Revenue
$6,906,383
Expenses
$6,005,505
Net income
$900,878
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