Overview
What is Genspace Nyc?
Genspace Nyc is a nonprofit organization situated in Brooklyn, New York, specifically at 132 32nd Street 11232. Their mission is to create an inclusive environment where individuals, especially those from non-traditional and underrepresented backgrounds, can engage in hands-on learning and innovative projects within the life sciences. They achieve this through various programs, such as short courses, workshops, and research projects in their open-access biology laboratory. Genspace emphasizes interdisciplinary practices and the social and cultural context of scientific research, aiming to empower everyone to explore life sciences questions and develop applications relevant to their lives and communities. The organization has a team of nine dedicated individuals.
Official website here: www.genspace.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Genspace NYC has received a solid Three-Star rating from Charity Navigator, indicating a strong commitment to accountability and finance. The charity's overall score is based entirely on its impressive Accountability & Finance Score of 88%, reflecting its responsible management of resources and dedication to transparency. The rating signifies that Genspace NYC meets high standards in financial health and governance.
The organization stands out for having an independent board, with 87% of its members being independent, which is crucial for unbiased decision-making. It also received perfect scores in several areas, including having audited financial statements and a robust program expense ratio of 80.78%, signifying that a significant portion of its expenditures supports its mission-related activities. Furthermore, Genspace NYC has clear policies in place regarding conflict of interest, asset diversion, and documentation of board meeting minutes.
However, it is worth noting that Genspace NYC is currently missing a whistleblower policy and a document retention and destruction policy, which are important for fostering an ethical organizational culture. Addressing these gaps could enhance its governance practices. Overall, Genspace NYC demonstrates a strong financial footing and commitment to its mission, while still having room for improvement in its policy framework.
This AI summary has been generated from information found on Charity Navigator.
Is Genspace Nyc legitimate?
Genspace Nyc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Genspace Nyc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $81,575
Professional Fundraising Fees: $0
Other Salaries and Wages: $447,751
For more financial information, click here
Official website here: www.genspace.org
What is the mission statement of Genspace Nyc?
Genspace, a community-based organization, strives to create a secure and inclusive environment that encourages learning, innovation, and personal growth in the field of life sciences. This mission is particularly focused on individuals from non-traditional and underrepresented backgrounds. Genspace envisions a world where everyone has the ability to utilize the life sciences to investigate questions and develop applications that are relevant to their lives and communities. The organization aspires to empower people to actively engage with the life sciences, fostering a sense of growth and development.
Official website here: www.genspace.org
What is the revenue of Genspace Nyc?
Genspace Nyc's revenue in 2023 was $480,940.
Official website here: www.genspace.org
Who are the executives of Genspace Nyc and what are their salaries?
The average compensation at Genspace Nyc during 2023 was $40,717. There are 13 employees and 40 volunteers at Genspace Nyc.
Here are 9 key members and their salaries:
- Compensation: $56,572
- Related: $0
- Other: $0
- Compensation: $25,003
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.genspace.org
Where can I find the form 990 for Genspace Nyc?
Genspace Nyc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.genspace.org
Learn more at the official website: www.genspace.org
Mission Statement of Genspace Nyc
Genspace NYC, a nonprofit organization, aims to establish a welcoming and inclusive environment where individuals, particularly those from non-conventional and underrepresented backgrounds, can actively learn, innovatively create, and significantly progress in the field of life sciences. The vision of Genspace NYC is to empower every individual to embrace the life sciences, enabling them to investigate intriguing questions and develop applications that are directly relevant to their lives and deeply rooted in their communities.
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Impact
October, 2024
Genspace NYC significantly impacts the community by empowering individuals, particularly those from non-traditional and underrepresented backgrounds, to engage actively in the life sciences. Through hands-on educational programs, Genspace fosters an inclusive environment where participants can develop essential lab skills and scientific knowledge.
The organization offers a diverse range of informal education strategies, focusing on collaborative and active learning rooted in biology education research. Its core programs—such as short courses covering topics like biomaterials and CRISPR, a membership program for independent research in a fully equipped biology lab, and a focused internship for underserved youth—encourage both personal and professional growth in the life sciences.
Additionally, Genspace hosts free public events, making science accessible and inviting for students, families, and adult learners. By bridging the gap between scientific inquiry and community engagement, Genspace plays a crucial role in cultivating curiosity, creativity, and confidence in scientific exploration. Ultimately, its commitment to interdisciplinary practices and the social context of science enriches the lives of participants and strengthens the broader community in Brooklyn and beyond.
This information is meant to be a general summary of Genspace Nyc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $244,861
- Gross Receipts: $487,044
Assets and Liabilities:
- Total Assets: $831,946
- Total Liabilities: $63,726
- Net Assets: $768,220
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION PROGRAMS
Revenue
$165,970
MEMBERSHIP DUES
Revenue
$78,891
Organization Details
Founding Year
2009
Principal Officer
Meredith Beckford-Smart
Website
www.genspace.orgNTEE Category
Code: B80 - Education
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