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Genesis LA Economic Growth Corporation
Genesis LA Economic Growth Corporation reported $18.5 million in revenue and $7.3 million in expenses for calendar year 2025. Of every $100 it spent, $93.20 went to program services, $4.24 to management and general costs and $2.56 to fundraising. Its largest source of revenue was investment income: 41.3% of the total. Government grants made up 7.7%. The highest compensation it reported for one person was $729,202 (PRESIDENT/CEO). 5 people received more than $100,000 in reportable compensation. Revenue rose 190% between 2019 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $7.3MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2025 · Form 990, Part VIII · total revenue $19MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 93.2% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 4.2% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.6% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.03 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 38.0% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 7.7% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 20.7% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $729,202 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 9.95% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 5 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 150.9 | 9.2 |
| Independent voting board members Part VI 1a–1b | 10 of 10 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2025 · Form 990, Part III · the three largest programs by expenseThe organization assisted in combating community deterioration by implementing, supporting or contributing to the support of programs, projects and activities of public nature designed to stimulate, foster, coordinate, plan, improve and encourage economic development thereby ameliorating conditions of poverty, dependency, chronic unemployment and under-employment, rising community tensions, and social and economic disparity in areas of poverty and areas impacted by natural and unnatural disasters
Highest reported compensation
2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT/CEO Officer, 33.70 hrs/week | $624,062 | $105,140 | $0 | $729,202 |
| LEGAL COUNSEL Highest compensated employee, 33.70 hrs/week | $237,375 | $39,993 | $0 | $277,368 |
| TREASURER, DIRECTOR OF FIN Officer, 33.70 hrs/week | $203,114 | $34,221 | $0 | $237,335 |
| DIRECTOR OF LENDING Highest compensated employee, 33.70 hrs/week | $164,171 | $27,659 | $0 | $191,830 |
| DIRECTOR OF LENDING Highest compensated employee, 33.70 hrs/week | $135,948 | $22,904 | $0 | $158,852 |
5 people received more than $100,000 in reportable compensation from Genesis LA Economic Growth Corporation (Part VII, line 2).
7 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b10 · 10 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 518
Largest outside contractors
2025 · Form 990, Part VII, Section B · businesses only| NIXON PEABODY LLP Legal services | $300,150 |
Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.
Private foundation grants it received
2 private foundations reported grants to Genesis LA Economic Growth Corporation totaling $1.6M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Genesis LA Economic Growth Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Genesis LA Economic Growth Corporation, you can publish a response that is linked from this page.
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Of every $100 Genesis LA Economic Growth Corporation spent in 2025, $93.20 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Genesis LA Economic Growth Corporation's spending goes to programs?
In calendar year 2025, Genesis LA Economic Growth Corporation reported that 93.2% of its $7.3 million in expenses went to program services, 4.2% to management and general and 2.6% to fundraising (Form 990, Part IX).
How much does Genesis LA Economic Growth Corporation pay its top executive?
The largest total compensation Genesis LA Economic Growth Corporation reported for one person in calendar year 2025 was $729,202, for the role of PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Genesis LA Economic Growth Corporation get its money?
Of $18.5 million in revenue in calendar year 2025, 38.0% came from contributions and grants (including 7.7% from government grants) and 20.7% from program service revenue (Form 990, Part VIII).
Is Genesis LA Economic Growth Corporation a registered charity?
The IRS lists EIN 95-4712513 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2025: Form 990 for calendar year 2025, object 202612129349300826 · read the filing
- 2024: Form 990 for calendar year 2024, object 202502249349301115 · read the filing
- 2023: Form 990 for calendar year 2023, object 202442259349300044 · read the filing
- 2022: Form 990 for calendar year 2022, object 202322269349301487 · read the filing
- 2021: Form 990 for calendar year 2021, object 202232149349301703 · read the filing
- 2020: Form 990 for calendar year 2020, object 202132289349303268 · read the filing
- 2019: Form 990 for calendar year 2019, object 202042099349300994 · read the filing
All filings for EIN 95-4712513: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.