Better Business Bureau Report for
Genesys Works - Houston

Better Business Bureau Report issued May 2014
Better Business Bureau Report expires May 2015


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


Find out more about this charity:

Back To Top

Charity Contact Information

Name: Genesys Works - Houston
Address: 601 Jefferson Street, Suite 3950
  Houston, TX 77002
Phone: 713-341-5777
Web Address: http://www.genesysworks.org/houston
Back To Top

Better Business Bureau Comments

Year, State Incorporated: 2002, Texas
Affiliates: None
Stated Purpose: Genesys Works's mission is to enable economically-disadvantaged high school students to enter and thrive in the economic mainstream by providing them the knowledge and work experience required to succeed as professionals.

Back To Top

Evaluation Conclusions

              

Genesys Works - Houston meets the 20 Standards for Charity Accountability.
Back To Top

Programs

              

Genesys Works is a 501(c)(3) not-for-profit organization that gives high school seniors the knowledge and opportunity to work and succeed in a corporate environment before they graduate from high school, and therefore helps them realize that they can engage into a much higher socio-economic path in life. Students start with an 8-week intensive training program during the summer between their junior and senior years. The training is designed specifically to arm students with the knowledge they need to have in order to provide value to corporations in either information technology (PC support), engineering drafting or accounting/finance departments. Furthermore, students are trained on the professional skills needed to enter and succeed in corporate environments, such as communication and corporate culture. From day one of the training program, students are exposed to a high level of expectations in our training facilities. After the summer, students are assigned to work 20 hours a week in meaningful internships during their entire senior year. In addition, one evening per week they go back to Genesys Works for active guidance on work performance, college access, and scholarships. Throughout the program, students realize first-hand that they can indeed thrive in a corporate environment and can achieve a much higher standard of living than what they are used to by pursuing a professional career. With this knowledge, along with the continuous guidance from the Genesys Works staff, they significantly redefine their long term goals and set plans to pursue them. Over 95% of program graduates go on to college and 80% of them persist there. In 2013, Genesys Works - Houston placed a record 194 interns with 69 corporate partners.

For the fiscal year ended December 31, 2012, Genesys Works - Houston's program expenses were:

  
Student program 7,504,107
Total Program Expenses: $7,504,107
Back To Top

Governance

              

Chief Executive : Marian Davenport, Executive Director
Compensation*: 
$150,951

Chair of the Board: Twila Day, Chair
Chair's Profession / Business Affiliation: Alvarez and Marsal, Managing Director

Board Size: 12

Paid Staff Size: 25

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Back To Top

Fund Raising

              

Method(s) Used:

direct mail, grant proposals, internet
Fund raising costs were 17% of related contributions. (Related contributions, which totaled $3,739,220, are donations received as a result of fund raising activities.)
Back To Top

Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
Back To Top

Financial

              

The following information is based on Genesys Works - Houston's audited financial statements for the fiscal year ended December 31, 2012.

Source of Funds  
Revenues - program service fees 5,948,479
Public Support: General Public 3,739,220
In-Kind contributions 171,244
Net assets released from restrictions
Total Income $9,858,943


chart



Uses of Funds as a % of Total Expenses

Programs: 87%  Fund Raising: 8%  Administrative: 5% 

Total income $9,858,943
Program expenses $7,504,107
Fund raising expenses 649,486
Administrative expenses 454,952
Total expenses $8,608,545
Income in Excess of Expenses 1,250,398
Beginning net assets 2,222,717
Ending net assets 3,473,115
Total liabilities 430,348
Total assets $3,903,463


Back To Top

Complaints

              

The BBB has processed no customer complaints on this charity in its three year reporting period.

Back To Top

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

Send to:



What is an Accredited Charity