Genesis One Foundation
Genesis One Foundation accumulates significant assets with minimal reported expenses and no officer compensation.
EIN: 201650135 · Castle Rock, CO · NTEE: T20 · Updated: 2026-03-28
Is Genesis One Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Genesis One Foundation directs 10% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Genesis One Foundation
Genesis One Foundation (EIN: 201650135) is a nonprofit organization based in Castle Rock, CO, classified under NTEE code T20. The organization reported total revenue of $1.0M and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Genesis One Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Genesis One Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 40.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $103K |
| Surplus / Deficit | +$1.4M |
| Total Assets | $2.4M |
| Total Liabilities | $1 |
| Net Assets | $2.4M |
| Operating Margin | 93.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 284.7 months |
Financial Health Grade: A
In 2023, Genesis One Foundation reported a surplus of $1.4M with revenue exceeding expenses, holds 284.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Genesis One Foundation's revenue has grown at a compound annual growth rate (CAGR) of 40.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +553.5% | +126.5% | +135.1% |
| 2022 | -51.7% | +46.6% | +21.7% |
| 2021 | +420.2% | +46.1% | +109.4% |
| 2020 | +9.9% | +1.4% | -9.9% |
| 2019 | +213.2% | +44.6% | +47.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Genesis One Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 80%
- programs: 10%
- fundraising: 10%
According to IRS 990 filings, Genesis One Foundation allocates its expenses as follows: admin: 80%, programs: 10%, fundraising: 10%. Only 10% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating either a volunteer-led organization or that compensation is covered by an external entity, which is a positive sign for donor confidence regarding executive pay relative to the organization's size and revenue growth.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Genesis One Foundation's IRS 990 filings:
- Extremely low expense-to-revenue ratio, raising questions about programmatic spending.
- Significant asset accumulation without clear corresponding programmatic expenditures.
- Lack of detailed information on how accumulated assets will be used for mission fulfillment.
Strengths
The following positive indicators were identified for Genesis One Foundation:
- Consistent reporting of 0% officer compensation, indicating strong financial transparency in this area.
- Strong revenue growth, particularly in recent years, demonstrating fundraising capability.
- Minimal liabilities reported across all periods, indicating sound financial management of debt.
Frequently Asked Questions about Genesis One Foundation
Is Genesis One Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Genesis One Foundation (EIN: 201650135) significant concerns. Mission Score: 45/100. 3 red flags identified, 3 strengths noted.
How does Genesis One Foundation spend its money?
Genesis One Foundation directs 10% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Genesis One Foundation tax-deductible?
Genesis One Foundation is registered as a tax-exempt nonprofit (EIN: 201650135). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the specific programs and activities Genesis One Foundation undertakes given its low reported expenses?
The IRS 990 data indicates very low expenses relative to revenue, suggesting that a significant portion of funds are not being spent on direct programs or operations. Further investigation into their mission and program descriptions would be necessary to understand their activities.
Why is there such a large discrepancy between revenue and expenses, leading to substantial asset growth?
The organization consistently reports expenses that are a small fraction of its revenue (e.g., $103,164 expenses vs. $1,509,591 revenue in 2023). This results in a rapid accumulation of assets, which grew from $264,744 in 2011 to $2,447,829 in 2023. This pattern suggests a focus on asset building rather than immediate program disbursement.
How does Genesis One Foundation plan to utilize its growing asset base for its stated mission?
With assets growing significantly, understanding the long-term strategy for deploying these funds to achieve its NTEE code T20 (Religious Organizations) mission is crucial for assessing its effectiveness and impact.
Filing History
IRS 990 filing history for Genesis One Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Genesis One Foundation's revenue has grown by 5647.8%, moving from $26K to $1.5M. Total assets increased by 824.6% over the same period, from $265K to $2.4M. Total functional expenses rose by 724.6%, from $13K to $103K. In its most recent filing year (2023), Genesis One Foundation reported a surplus of $1.4M, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $103K | $2.4M | $1 | — | View 990 |
| 2022 | $231K | $46K | $1.0M | $1 | — | View 990 |
| 2021 | $478K | $31K | $856K | $1 | — | View 990 |
| 2020 | $92K | $21K | $409K | $1 | — | View 990 |
| 2019 | $84K | $21K | $454K | $1 | — | View 990 |
| 2015 | $27K | $15K | $308K | $15K | — | View 990 |
| 2014 | $30K | $14K | $281K | $0 | — | View 990 |
| 2013 | $-1,337 | $11K | $264K | $0 | — | View 990 |
| 2012 | $22K | $10K | $277K | $0 | — | View 990 |
| 2011 | $26K | $13K | $265K | $538 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $103K, and assets of $2.4M (revenue +553.5% year-over-year).
- 2022: Revenue of $231K, expenses of $46K, and assets of $1.0M (revenue -51.7% year-over-year).
- 2021: Revenue of $478K, expenses of $31K, and assets of $856K (revenue +420.2% year-over-year).
- 2020: Revenue of $92K, expenses of $21K, and assets of $409K (revenue +9.9% year-over-year).
- 2019: Revenue of $84K, expenses of $21K, and assets of $454K (revenue +213.2% year-over-year).
- 2015: Revenue of $27K, expenses of $15K, and assets of $308K (revenue -10.6% year-over-year).
- 2014: Revenue of $30K, expenses of $14K, and assets of $281K.
- 2013: Revenue of $-1,337, expenses of $11K, and assets of $264K (revenue -106.0% year-over-year).
- 2012: Revenue of $22K, expenses of $10K, and assets of $277K (revenue -14.6% year-over-year).
- 2011: Revenue of $26K, expenses of $13K, and assets of $265K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Genesis One Foundation:
Data Sources and Methodology
This transparency report for Genesis One Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.