Civic Intelligence

Genesis Innovation Academy Inc.

990 • Fiscal year 2021 • EIN 81-4056534

Jul 01, 2020 to Jun 30, 2021 • Filed on Sep 25, 2021

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

0.77x

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

81st percentile

1.04x

Higher debt load relative to revenue than 81% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

34th percentile

5.0%

Higher net margin than 34% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

32nd percentile

$124,000

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

52nd percentile

11%

Faster asset growth than 52% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

57th percentile

17%

Faster revenue growth than 57% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$13,756,801

Up $1,334,009 (+11%) from 2020

Net Assets

Up

$3,111,354

Up $513,754 (+20%) from 2020

Liabilities

Up

$10,645,447

Up $820,255 (+8.3%) from 2020

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin34th percentile

Revenue

Up

$10,227,224

Up $1,513,697 (+17%) from 2020

Expenses

Up

$9,713,470

Up $2,081,854 (+27%) from 2020

Net Income

Down

$513,754

Down $568,157 (-53%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth52nd 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

2021

Assets$13,756,801
Liabilities$10,645,447
Net Assets$3,111,354
Open 2021 Filing

Operations Trend

Revenue Growth57th 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

2021

Revenue$10,227,224
Expenses$9,713,470
Net Income$513,754
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Sep 25, 2021
Return Version
2020v4.1
Gross Receipts
$10,227,224
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$4,440,009$5,813,114▲ $1,373,105
Land, Buildings, and Equipment, Net$4,169,079$4,045,136▼ $123,943
Accounts Receivable$276,309$239,866▼ $36,443
Prepaid Expenses and Deferred Charges$3,029$3,528▲ $499
Total Assets$12,422,792$13,756,801▲ $1,334,009
Other Assets Total$3,534,366$3,655,157▲ $120,791
Liabilities
Other Liabilities$9,422,594$10,132,786▲ $710,192
Accounts Payable and Accrued Expenses$402,598$512,661▲ $110,063
Total Liabilities$9,825,192$10,645,447▲ $820,255
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,597,600$3,111,354▲ $513,754
Total Net Assets Fund Balance$2,597,600$3,111,354▲ $513,754
Total Liabilities and Net Assets / Fund Balance$12,422,792$13,756,801▲ $1,334,009

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,908,457$455,699$119,519
Land$969,641--
Equipment$167,038$226,109-
Other Assets Org$3,655,157--
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

NameTitleBaseTotal
Gavin a SammsHead of Schools$124,000$124,000

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
Revenue and Support

Revenue Composition

Contributions and Grants
$1,002,536
Program Service Revenue
$8,481,336
Investment Income
$0
Other Revenue
$743,352
Change in Net Assets
$513,754

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,227,224
Total Revenue per Audited Statements
$10,227,224
Total Revenue per Form 990
$10,227,224
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,713,470
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$2,471,123--$2,471,123
Interest$1,390,076--$1,390,076
Other Expenses$329,181$1,250,874-$1,250,874
Total Functional Expenses$8,369,715$1,343,755$0$9,713,470

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,713,470
Total Expenses per Audited Statements$9,713,470
Total Expenses per Form 990$9,713,470
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
Net Pension Liability$5,632,786
Notes Payable$4,500,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
2021-09-25
Discuss with paid preparer
Yes

Organization Details

Formed
2015
Legal Domicile
Ga
Voting Board Members
7
Independent Board Members
7
Employees
58

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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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOW
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04500000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15632786
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt03655157
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IRS990ScheduleD/TotalLiabilityAmt010132786
IRS990ScheduleD/TotalRevenuePerForm990Amt010227224
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IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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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
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IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt013756801
IRS990/TotalAssetsGrp/BOYAmt012422792
IRS990/TotalAssetsGrp/EOYAmt013756801
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01002536
IRS990/TotalEmployeeCnt058
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01343755
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt08369715
IRS990/TotalFunctionalExpensesGrp/TotalAmt09713470
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt010645447
IRS990/TotalLiabilitiesGrp/BOYAmt09825192
IRS990/TotalLiabilitiesGrp/EOYAmt010645447
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt08369715
IRS990/TotalProgramServiceRevenueAmt08481336
IRS990/TotalReportableCompFromOrgAmt0124000
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt09224688
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010227224
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013756801
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IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.GENESISINNOVATIONACADEMY.ORG
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GAVIN A SAMMS PHD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOLS
ReturnHeader/BusinessOfficerGrp/PhoneNum04049903844
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-09-25
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/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/PreparationDt02021-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ADEBAMBO SONAIKE CPA
ReturnHeader/ReturnTs02021-11-16T13:36:10-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GAVIN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SAMMS
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,756,801
Liabilities
$10,645,447
Net assets
$3,111,354
Revenue
$10,227,224
Expenses
$9,713,470
Net income
$513,754
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
Peer Organizations

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