GENESIS ACADEMY INC

Address
1867 US HWY 19E
BURNSVILLE, NC 28714
Contact
Nonprofit
NTEE: X20 - Christian
EIN: 26-0175731

Mission

TO OPERATE A PRE-SCHOOL, AFTER-SCHOOL PROGRAM
 20172015201420132012
Basic features of the organization
Year of formation2007
Subsection code03
PF filing required0    
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$0.00    
Number of employees14    
Number of people compensated >$100k0    
Personnel
Dewauld, Ann
TitleTREASURER    
Name of key/compensated personANN DEWAULD    
Position of compensated person
Current officerTrue    
Average hours per week working for org2.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Average hours per week working for related orgs0.00    
Garland, Patti
TitleMEMBER    
Name of key/compensated personPATTI GARLAND    
Position of compensated person
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Average hours per week working for related orgs0.00    
Jolley, Jackie
TitlePRESIDENT    
Name of key/compensated personJACKIE JOLLEY    
Position of compensated person
Current officerTrue    
Average hours per week working for org2.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Average hours per week working for related orgs0.00    
Presnell, Judy
TitleSECRETARY    
Name of key/compensated personJUDY PRESNELL    
Position of compensated person
Current officerTrue    
Average hours per week working for org2.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Average hours per week working for related orgs0.00    
Sparks, Quincy
TitleMEMBER    
Name of key/compensated personQUINCY SPARKS    
Position of compensated person
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Average hours per week working for related orgs0.00    
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO OPERATE A PRE-SCHOOL, AFTER-SCHOOL PROGRAM    
Program service expenses, total$173,786.00    
Programs, including revenue & expenses
TO PROVIDE A SAFE, STRUCTURED LEARNING ENVIRONMENT FOR CHILDREN OF ALL RACES, CREEDS AND COLORS WHILE SHOWING CHILDREN A LIFESTYLE BASED ON JESUS LOVE FOR THEM
Program expenses$173,786.00    
Program descriptionTO PROVIDE A SAFE, STRUCTURED LEARNING ENVIRONMENT FOR CHILDREN OF ALL RACES, CREEDS AND COLORS WHILE SHOWING CHILDREN A LIFESTYLE BASED ON JESUS LOVE FOR THEM    
Financial data
Revenue
Total revenue$234,247.00    
Revenue from contributions (total)$21,256.00$217.00$2,839.00$1,114.00$1,507.00
Investment income, current yr$0.00    
Total revenue from grants, etc., current yr$21,256.00    
Total unrelated business revenue$0.00    
Other revenue, current yr$3,740.00    
Net unrelated business taxable revenue$0.00    
Program service revenue (total)$209,251.00$181,881.00$201,084.00$245,227.00$182,220.00
Gross receipts$239,647.00    
Sources of contributions
Revenue from all other contributions$21,256.00    
Other types of revenue
Miscellaneous revenue (total)$945.00    
Net rental income $0.00$0.00$0.00 
Net income from fundraising events$2,795.00    
Expense categories (totals)
Total functional expenses: sum of all$195,481.00    
Total functional expenses: program service $173,786.00    
Total functional expenses: management and general$21,695.00    
Total functional expenses: fundraising$0.00    
Fees for services
Fundraising service fees (total)$0.00    
Assets and liabilities
Total assets$195,194.00$7,740.00$6,638.00$13,560.00$8,928.00
Total assets, beginning of year$116,000.00    
Total liabilities$82,460.00$3,055.00$3,614.00$7,786.00$4,041.00
Total liabilities, beginning of year$52,454.00    
Unrestricted net assets, end of yr$112,734.00    
Net assets$112,734.00    
Net assets, beginning of year$63,546.00    
Cash: non-interest bearing$22,227.00    
Cash: non-interest bearing, beginning of year$4,909.00    
Other financial variables
Revenue less expenses$38,766.00    
Accounts receivable, net$17,074.00    
Accounts payable & accrued expenses$4,122.00    
Secured mortgages and notes payable$78,338.00    
Total net assets or fund balances$112,734.00    
Depreciation, depletion, amortization$4,306.00    
Governance and accountability
Number of voting members5    
Number of independent voting members5    
Cash accountingTrue    
Tax year start date2017-01-01    
Tax year end date2017-12-012015-12-012014-12-012013-12-012012-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990    
Date e-filing submitted2018-09-05    
IRS schema version2017v2.2    
Filing identifier201801519349300030    
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