Overview
What is The Genesis Project Inc?
The Genesis Project Inc is a nonprofit organization that focuses on funding promising medical research projects related to genetics. Established with the aim to receive donations from various sources, including groups, individuals, corporations, and governmental agencies, its mission is to support genetic research. By partnering with researchers, The Genesis Project directs donations towards specific research projects in various fields, as per the donor's preference, within the project's parameters. The organization plays a crucial role in advancing genetic research and potentially paving the way for innovative medical discoveries.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61%, Two-Star out of Four Star rating. The Genesis Project Inc has received a Two-Star rating, indicating some concerns regarding its accountability and finance practices. The score reflects the organization's performance primarily in the area of accountability, where it has a solid foundation with an independent board and no material diversion of assets.
However, the organization has several notable shortcomings. It lacks essential policies, including conflict of interest, whistleblower, and document retention, which are critical for transparency and governance. Additionally, their website does not fully comply with disclosure requirements, indicating a need for improvement in sharing information with the public and stakeholders.
On a positive note, The Genesis Project demonstrates strong financial management, with a favorable liabilities-to-assets ratio and a significant portion of expenses directed towards programs. While the organization shows promise in financial health, addressing the noted deficiencies in governance policies will be essential for enhancing trust and credibility in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is The Genesis Project Inc legitimate?
The Genesis Project Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Genesis Project Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Genesis Project Inc?
The Genesis Project Inc was established with the mission to receive donations from various sources and allocate them towards promising genetic research projects. The organization partners with researchers to fund these projects, allowing donors to direct their contributions to a specific field of research within the project's parameters. The Genesis Project's primary goal is to contribute to advancements in genetic research, aiming to unlock new discoveries and potential solutions in this field.
Who is the CEO of The Genesis Project Inc?
Stephan Zuchner is the Director of The Genesis Project Inc. The CEO's salary of The Genesis Project Inc is $0 and their total compensation is $0.
What is the revenue of The Genesis Project Inc?
The Genesis Project Inc's revenue in 2022 was $187,787.
Who are the executives of The Genesis Project Inc and what are their salaries?
Here are 3 key members and their salaries (The Genesis Project Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Genesis Project Inc?
The Genesis Project Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Genesis Project Inc
The Genesis Project Inc, a nonprofit organization, was established with the mission to collaborate with researchers in funding promising medical projects focused on genetics. This mission originates from the organization's goal to receive donations from various sources, including individuals, corporations, and governmental agencies. Once donations are received, The Genesis Project Inc directs them towards a research project in any field of research that the donor prefers, as long as it falls within the parameters of the project. In essence, The Genesis Project Inc acts as a bridge between donors and genetic research projects, aiming to support and advance scientific discoveries in the field of genetics.
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Impact
October, 2024
The Genesis Project Inc plays a vital role in advancing medical research related to genetics. By forming strategic partnerships with researchers, the organization facilitates funding for innovative projects that hold the potential to transform our understanding and treatment of genetic diseases. This initiative enables a diverse range of research efforts tailored to specific donor interests, ensuring that contributions are effectively directed towards areas of greatest impact.
Located in Miami, Florida, The Genesis Project Inc actively engages with various stakeholders, including individuals, corporations, and governmental agencies, to garner support for genetic research initiatives. Through its programs, the organization not only provides essential funding but also promotes collaboration among researchers, fostering an environment where groundbreaking discoveries can emerge.
By prioritizing promising genetics research projects, The Genesis Project Inc significantly contributes to the broader medical community's efforts to combat diseases linked to genetic factors, ultimately enhancing the quality of healthcare and improving patient outcomes.
This information is meant to be a general summary of The Genesis Project Inc. 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 2022.
- Program Service Revenue: $82,787
- Gross Receipts: $187,787
Assets and Liabilities:
- Total Assets: $1,100,854
- Total Liabilities: $6,458
- Net Assets: $1,094,396
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GENESIS/GENOME INCOME
Revenue
$82,787
Organization Details
Founding Year
2014
Phone
(305) 989-7835Principal Officer
Stephan Zuchner
Main Address
6619 SOUTH DIXIE HIGHWAY UNIT 278, MIAMI, FL, 33143
NTEE Category
Code: G99 - Disease
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