Civic Intelligence

Genesis Foundation Inc.

990 • Fiscal year 2023 • EIN 91-2120744

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

Organization ProfileN/A
505 Park Avenue 4flNew York, NY 10022

(212) 421-1933

Siviq Scores

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

Liabilities / Assets

77th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • NTEE T20 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

71st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • NTEE T20 • $1M-$5M nonprofits • Source year 2023

Net Margin

7th percentile

-432%

Higher net margin than 7% of similar nonprofits.

2023 filings • NTEE T20 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2023 filings • NTEE T20 • $1M-$5M nonprofits • Source year 2023

Asset Growth

7th percentile

-14%

Faster asset growth than 7% of similar nonprofits.

2023 filings • NTEE T20 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

89th percentile

339%

Faster revenue growth than 89% of similar nonprofits.

2023 filings • NTEE T20 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$3,029,026

Down $511,329 (-14%) from 2022

Net Assets

Down

$3,029,026

Down $509,521 (-14%) from 2022

Liabilities

Down

$0

Down $1,808 (-100%) from 2022

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin7th percentile

Revenue

Up

$128,132

Up $98,972 (+339%) from 2022

Expenses

Up

$681,097

Up $204,338 (+43%) from 2022

Net Income

Down

-$552,965

Down $105,366 (-24%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $1,224,321Liabilities 2010: $77,710Net Assets 2010: $1,146,6112010Assets 2011: $1,485,778Liabilities 2011: $85,712Net Assets 2011: $1,400,0662011Assets 2016: $2,718,883Liabilities 2016: $226,550Net Assets 2016: $2,492,3332016Assets 2017: $2,244,524Liabilities 2017: $294,556Net Assets 2017: $1,949,9682017Assets 2018: $1,644,944Liabilities 2018: $176,738Net Assets 2018: $1,468,2062018Assets 2019: $6,045,965Liabilities 2019: $63,251Net Assets 2019: $5,982,7142019Assets 2020: $5,063,885Liabilities 2020: $18,500Net Assets 2020: $5,045,3852020Assets 2021: $4,049,108Liabilities 2021: $4,500Net Assets 2021: $4,044,6082021Assets 2022: $3,540,355Liabilities 2022: $1,808Net Assets 2022: $3,538,5472022Assets 2023: $3,029,026Liabilities 2023: $0Net Assets 2023: $3,029,0262023Assets 2024: $2,781,966Liabilities 2024: $0Net Assets 2024: $2,781,9662024

Highlighted filing

2023

Assets$3,029,026
Liabilities$0
Net Assets$3,029,026
Open 2023 Filing

Operations Trend

Revenue Growth89th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,052,1752010Expenses 2011: $867,8132011Revenue 2016: $1,003,332Expenses 2016: $860,283Net Income 2016: $143,0492016Revenue 2017: $829,689Expenses 2017: $1,372,054Net Income 2017: -$542,3652017Revenue 2018: $1,126,661Expenses 2018: $1,608,423Net Income 2018: -$481,7622018Revenue 2019: $5,516,708Expenses 2019: $1,002,049Net Income 2019: $4,514,6592019Revenue 2020: $326,952Expenses 2020: $1,264,281Net Income 2020: -$937,3292020Revenue 2021: $91,142Expenses 2021: $1,018,085Net Income 2021: -$926,9432021Revenue 2022: $29,160Expenses 2022: $476,759Net Income 2022: -$447,5992022Revenue 2023: $128,132Expenses 2023: $681,097Net Income 2023: -$552,9652023Revenue 2024: $163,991Expenses 2024: $400,188Net Income 2024: -$236,1972024

Highlighted filing

2023

Revenue$128,132
Expenses$681,097
Net Income-$552,965
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$1,566,292
Mission and Program Overview

Mission

Genesis foundation seeks to create a more inclusive society for colombian children by improving the quality of their education. We enhance programs that provide children in vulnerable life situations with better opportunities to develop and succeed.

To create a more inclusive society for colombian children by improving the quality of their education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,856,720$2,991,357▲ $134,637
Cash and Non-Interest-Bearing Accounts$683,635$37,669▼ $645,966
Total Assets$3,540,355$3,029,026▼ $511,329
Liabilities
Accounts Payable and Accrued Expenses$1,808--
Total Liabilities$1,808$0▼ $1,808
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,538,547$3,029,026▼ $509,521
Total Net Assets Fund Balance$3,538,547$3,029,026▼ $509,521
Total Liabilities and Net Assets / Fund Balance$3,540,355$3,029,026▼ $511,329
Compensation and Service Providers
Top Officer Pay79th percentile

Board Members and Trustees

NameTitle
Carolina EsquenaziPresident
Jaime BermudezDirector
Miree KimTreasurer (incoming)
Susan MayerTreasurer (outgoing)
Revenue and Support

Revenue Composition

Contributions and Grants
$25,000
Program Service Revenue
$0
Investment Income
$103,132
Other Revenue
$0
All Other Contributions
$25,000
Change in Net Assets
$-552,965
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$680,000
Other Expenses$1,097
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$680,000--$680,000
Fees for Services Accounting-$500-$500
Office Expenses-$347-$347
Fees for Services Legal-$250-$250
Total Functional Expenses$680,000$1,097$0$681,097
International Activity

International Summary

Offices
0
Employees
0
Spending
$680,000

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South America - Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador,GrantsProvides Funds, Projects and Programs in the Areas of Health and Formal Education.00$680,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
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, Part VI, Section B, Line 11B

“The form 990 has been reviewed by a group of persons authorized to review financial and audit matters prior to filing. The final form 990 (filed with the irs) will be available at the next meeting of the board for inspection. In addition, upon request of any boardmember, a copy will be provided. If there are any material changes, an amended form 990 will be filed.”

Form 990, Part VI, Section B, Line 12C

“The organization enforces the conflict of interest policy by monitoring known relationships, questionnaires, and noting any changes in disclosed information. Any conflict is reviewed by the board before a decision is made as to whether to approve the transaction.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Genesis Foundation Inc
EIN
91-2120744
Phone
2124211933
Address
505 PARK AVENUE 4FL, NEW YORK, NY 10022

Signing Officer

Name
Miree Kim
Title
Treasurer
Phone
2124211933
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carolina Esquenazi
Formed
2000
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
5

Preparer

Firm
Skody Scot & Co Cpas Pc
Address
520 EIGHTH AVE SUITE 2200, NEW YORK, NY 10018
Preparer
William Skody
Phone
2129671100
Raw XML Appendix355 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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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0PROVIDES FUNDS, PROJECTS AND PROGRAMS IN THE AREAS OF HEALTH AND FORMAL EDUCATION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 HAS BEEN REVIEWED BY A GROUP OF PERSONS AUTHORIZED TO REVIEW FINANCIAL AND AUDIT MATTERS PRIOR TO FILING. THE FINAL FORM 990 (FILED WITH THE IRS) WILL BE AVAILABLE AT THE NEXT MEETING OF THE BOARD FOR INSPECTION. IN ADDITION, UPON REQUEST OF ANY BOARDMEMBER, A COPY WILL BE PROVIDED. IF THERE ARE ANY MATERIAL CHANGES, AN AMENDED FORM 990 WILL BE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION ENFORCES THE CONFLICT OF INTEREST POLICY BY MONITORING KNOWN RELATIONSHIPS, QUESTIONNAIRES, AND NOTING ANY CHANGES IN DISCLOSED INFORMATION. ANY CONFLICT IS REVIEWED BY THE BOARD BEFORE A DECISION IS MADE AS TO WHETHER TO APPROVE THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/StatesWhereCopyOfReturnIsFldCd1FL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03540355
IRS990/TotalAssetsEOYAmt03029026
IRS990/TotalAssetsGrp/BOYAmt03540355
IRS990/TotalAssetsGrp/EOYAmt03029026
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt025000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01097
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0680000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0681097
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03538547
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03029026
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0680000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0103132
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0128132
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03540355
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03029026
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0505 PARK AVENUE 4FL
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010022
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MIREE KIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02124211933
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GENESIS FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0GENE
ReturnHeader/Filer/EIN0912120744
ReturnHeader/Filer/PhoneNum02124211933
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ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010022
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133597814
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SKODY SCOT & CO CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0520 EIGHTH AVE SUITE 2200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010018
ReturnHeader/PreparerPersonGrp/PhoneNum02129671100
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM SKODY
ReturnHeader/ReturnTs02024-11-15T19:19:53-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,029,026
Liabilities
$0
Net assets
$3,029,026
Revenue
$128,132
Expenses
$681,097
Net income
-$552,965
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.78$0.00$2.78$0.16$0.40$0.24
2023Detailed filing. Detailed filing data is available for this year.$3.03$0.00$3.03$0.13$0.68$0.55
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.54$0.00$3.54$0.03$0.48$0.45
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.05$0.00$4.04$0.09$1.02$0.93
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.06$0.02$5.05$0.33$1.26$0.94
2019Detailed filing. Detailed filing data is available for this year.$6.05$0.06$5.98$5.52$1.00$4.51
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.64$0.18$1.47$1.13$1.61$0.48
2017Detailed filing. Detailed filing data is available for this year.$2.24$0.29$1.95$0.83$1.37$0.54
2016Summary only. Only limited summary data is available for this year.$2.72$0.23$2.49$1.00$0.86$0.14
2011Detailed filing. Detailed filing data is available for this year.$1.49$0.09$1.40$0.87
2010Detailed filing. Detailed filing data is available for this year.$1.22$0.08$1.15$2.05