GENESIS THE SCHLESINGER ACADEMY FOR INNOVATION

EIN: 474460740 501(c)(3) Education

BEVERLY HILLS, CA

Total Revenue
$525,550
Total Expenses
$395,399
Total Assets
$266,437
Net Assets
$266,437
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
CA
Principal Officer
SHERI SCHLESINGER
Phone
3104940180
Tax Period
2023-01-01 to 2023-12-31

GENESIS THE SCHLESINGER ACADEMY FOR INNOVATION, founded in 2015, is a small nonprofit in the Education sector that reported $526K in total revenue in fiscal year 2023. The organization ran a surplus of $130K, a strong 25% operating margin.

Mission

GENESIS IS A NONPROFIT PROVIDING STEAM EDUCATION FOR UNDERSERVED YOUTH AT THE INTERSECTION OF ART AND TECHNOLOGY, IGNITING CREATIVITY AND EMPOWERING THEM WITH THE ESSENTIAL SKILLS FOR 21ST CENTURY SUCCESS.

Program Service Accomplishments

Program 1
Expenses: $334,166 Revenue: $525,550

In 2023 - GENESIS STEAM provided the Innovator Kit to K-12 school and after school programs in Los Angeles. The Innovator Kit is a robust, STEAM enrichment program fostering collaborative...

Read more

In 2023 - GENESIS STEAM provided the Innovator Kit to K-12 school and after school programs in Los Angeles. The Innovator Kit is a robust, STEAM enrichment program fostering collaborative project-based learning developed by experienced STEAM educators. Through the program, students combine ART with TECHNOLOGY to innovate solutions and problem-solve collaboratively.The Innovator Club has been developed for K-12 teachers, and isa plug-and-play (all standards aligned) curriculum that is designed to:1.Augment and strengthen current STEAM curriculum.2.Use Art + Tech to teach students how to innovate solutions to real world challenges.3.Increase students logic, creativity, and collaboration skills.Jan 2023 - June 2023: Spring SemesterGENESIS STEAM expanded the distribution of our Innovator Kits to a total of 35 classrooms in 18 Title 1 schools and after-school programs throughout Los Angeles, reaching 1,050 students in grades K-12.June 2023 - September 2023: SummerThink Together contracted GENESIS STEAM to be an official provider of STEAM programming for their Summer Camps. With our expanded partnership with Think Together, along with our continued partnership with the Boys & Girls Clubs METRO, we provided 12 summer camp sites with 81 Innovator Kits, providing STEAM programming for 3,705 youth during the summer.September 2023 - December 2023: Fall SemesterWe launched a new partnership with Compton Unified School District to provide GENESIS STEAM Innovator Programs for their STEAM Labs. We distributed Innovator Programming to 27 schools within the Compton Unified School District in Fall 2023. We also partnered with the Los Angeles County Office of Education to send Innovator kits to 10 LAUSD title 1 schools. We continued our after school STEAM programming for Think Together and the Boys & Girls Clubs by providing Innovator Kits for 13 after school programs. In total we provided STEAM programming for 1,500 students in Fall 2023.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $525,550
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $525,550

Expense Breakdown

Grants Paid $0
Salaries & Benefits $110,304
Fundraising Expenses $24,678
Program Expenses $334,166
Other Expenses $285,095
TOTAL EXPENSES $395,399

Year-over-Year Comparison

2023 2022 Change
Revenue $525,550 $503,984 +0.0%
Expenses $395,399 $546,874 -0.3%
Net Income $130,151 $-42,890 -4.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
N/A
Employees
1
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHERI SCHLESINGER President & CEO 40.00
Officer Director
$0 $0 $0
MICHAEL BAUM VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
DR ARI MACKLER CFO 1.00
Officer Director
$0 $0 $0
DR DEBRA MUND Secretary 1.00
Officer Director
$0 $0 $0
ZAINAB ALI Director 1.00
Director
$0 $0 $0
DARYL NIEMEROW Director 1.00
Director
$0 $0 $0
SHELLEY ZALIS Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $525,550 $395,399 $266,437 $130,151
2022 $503,984 $546,874 $136,286 $-42,890
2021 $767,084 $796,963 $179,176 $-29,879
2020 $619,974 $512,256 $209,055 $107,718
2019 $642,220 $771,804 $101,337 $-129,584
2018 $777,564 $753,243 $230,921 $24,321
Explore More Nonprofits
Top 100 Nonprofits in California Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare GENESIS THE SCHLESINGER ACADEMY FOR INNOVATION with other nonprofits in California and across the country.