Civic Intelligence

Genesis Innovation Academy Inc.

990 • Fiscal year 2020 • EIN 81-4056534

Jul 01, 2019 to Jun 30, 2020 • Filed on Sep 11, 2020

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

86th percentile

0.79x

Higher debt load relative to assets than 86% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

80th percentile

1.13x

Higher debt load relative to revenue than 80% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

68th percentile

12%

Higher net margin than 68% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

31st percentile

$124,562

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

88th percentile

44%

Faster asset growth than 88% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

81st percentile

26%

Faster revenue growth than 81% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$12,422,792

Up $3,793,942 (+44%) from 2019

Net Assets

Up

$2,597,600

Up $1,081,911 (+71%) from 2019

Liabilities

Up

$9,825,192

Up $2,712,031 (+38%) from 2019

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin68th percentile

Revenue

Up

$8,713,527

Up $1,807,144 (+26%) from 2019

Expenses

Up

$7,631,616

Up $1,626,111 (+27%) from 2019

Net Income

Up

$1,081,911

Up $181,033 (+20%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth88th 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

2020

Assets$12,422,792
Liabilities$9,825,192
Net Assets$2,597,600
Open 2020 Filing

Operations Trend

Revenue Growth81st 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

2020

Revenue$8,713,527
Expenses$7,631,616
Net Income$1,081,911
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Sep 11, 2020
Return Version
2019v5.1
Gross Receipts
$8,713,527
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
Cash and Non-Interest-Bearing Accounts$2,176,584$4,440,009▲ $2,263,425
Land, Buildings, and Equipment, Net$3,878,808$4,169,079▲ $290,271
Accounts Receivable$18,788$276,309▲ $257,521
Prepaid Expenses and Deferred Charges$559$3,029▲ $2,470
Total Assets$8,628,850$12,422,792▲ $3,793,942
Other Assets Total$2,554,111$3,534,366▲ $980,255
Liabilities
Other Liabilities$6,927,543$9,422,594▲ $2,495,051
Accounts Payable and Accrued Expenses$185,618$402,598▲ $216,980
Total Liabilities$7,113,161$9,825,192▲ $2,712,031
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,515,689$2,597,600▲ $1,081,911
Total Net Assets Fund Balance$1,515,689$2,597,600▲ $1,081,911
Total Liabilities and Net Assets / Fund Balance$8,628,850$12,422,792▲ $3,793,942

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,926,611$318,026$531,166
Equipment$272,827$120,320$276,874
Land$969,641--
Other Assets Org$3,534,366--
Compensation and Service Providers
Top Officer Pay31st percentile

Employees

NameTitleBaseTotal
Gavin a SammsHead of Schools$124,562$124,562

Board Members and Trustees

NameTitle
Tomika JonesBoard Chair
Marcus Shute SrVice Chair
Daryl C JonesBoard Member
Keishia NiblackBoard Member
Stephen LittlesBoard Member
Taylor BrownBoard Member
Eddie BradfordTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Sla ManagementFood Services3217 CORRINE DR, Orlando, FL 32803$200,340
Revenue and Support

Revenue Composition

Contributions and Grants
$1,398,334
Program Service Revenue
$7,315,193
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$1,081,911

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,713,527
Total Revenue per Audited Statements
$8,713,527
Total Revenue per Form 990
$8,713,527
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,631,616
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$2,384,818--$2,384,818
Other Expenses$205,098$884,944-$884,944
Interest$379,200--$379,200
Total Functional Expenses$6,689,666$941,950$0$7,631,616

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,631,616
Total Expenses per Audited Statements$7,631,616
Total Expenses per Form 990$7,631,616
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$5,099,102
Net Pension Liability$4,185,287
Deferred Inflow$100,905
Other Liability$37,300
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
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
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
2020-09-11
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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IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0531166
IRS990ScheduleD/EquipmentGrp/BookValueAmt0272827
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0120320
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0116273
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0276874
IRS990ScheduleD/ExpensesSubtotalAmt07631616
IRS990ScheduleD/LandGrp/BookValueAmt0969641
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0969641
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03534366
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOW
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt037300
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15099102
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2100905
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt34185287
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED INFLOW
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3NET PENSION LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt08713527
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04169079
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03534366
IRS990ScheduleD/TotalExpensesPerForm990Amt07631616
IRS990ScheduleD/TotalLiabilityAmt09422594
IRS990ScheduleD/TotalRevenuePerForm990Amt08713527
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08713527
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07631616
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
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
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt012422792
IRS990/TotalAssetsGrp/BOYAmt08628850
IRS990/TotalAssetsGrp/EOYAmt012422792
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01398334
IRS990/TotalEmployeeCnt050
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0941950
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06689666
IRS990/TotalFunctionalExpensesGrp/TotalAmt07631616
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07113161
IRS990/TotalLiabilitiesEOYAmt09825192
IRS990/TotalLiabilitiesGrp/BOYAmt07113161
IRS990/TotalLiabilitiesGrp/EOYAmt09825192
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01515689
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02597600
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt06689666
IRS990/TotalProgramServiceRevenueAmt07315193
IRS990/TotalReportableCompFromOrgAmt0124562
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07315193
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08713527
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08628850
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012422792
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.GENESISINNOVATIONACADEMY.ORG
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GAVIN A SAMMS PHD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOLS
ReturnHeader/BusinessOfficerGrp/PhoneNum04049903844
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-09-11
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
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0037C96AA94C95D1B554FE9168AC97A29DCE33071
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId06715192020296xqpgxra
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-10-22
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.241.20.42
ReturnHeader/FilingSecurityInformation/IPDt02020-10-22
ReturnHeader/FilingSecurityInformation/IPTm006:53:22
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/PreparationDt02020-10-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ADEBAMBO SONAIKE CPA
ReturnHeader/ReturnTs02020-10-22T06:49:19-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,422,792
Liabilities
$9,825,192
Net assets
$2,597,600
Revenue
$8,713,527
Expenses
$7,631,616
Net income
$1,081,911
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