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GREATER EDUCATION OPPORTUNITIES FOUNDATION: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
GREATER EDUCATION OPPORTUNITIES FOUNDATION (EIN 95-4406881)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-05-10
IRS object ID
202441319349303394
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-10T13:28:31+00:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN350921680PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CROWE LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1231 S Bemiston Ave Suite 800AddressLine1Txt
CityClaytonCityNm
State AbbreviationMOStateAbbreviationCd
ZIP63105ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN954406881EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Greater Educational Opportunities FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGREABusinessNameControlTxt
Phone3175361027PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13145 N Meridian StreetAddressLine1Txt
CityIndianapolisCityNm
State AbbreviationINStateAbbreviationCd
ZIP46208ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDana L TeasleyPersonNm
Person TitleVice Preseident/CFOPersonTitleTxt
Signature2024-05-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDanaPersonFirstNm
Person LastTeasleyPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSteve LenivyPreparerPersonNm
PTINP01635350PTIN
Phone3148022000PhoneNum
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

FieldValueIRS element (for citing)
Business Name Line1Kevin TeasleyBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line13145 N Meridian StreetAddressLine1Txt
CityIndianapolisCityNm
State AbbreviationINStateAbbreviationCd
ZIP46208ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$17,894,622GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.GEOFOUNDATION.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1998FormationYr
Legal Domicile StateINLegalDomicileStateCd
Activity Or MissionBeating poverty through quality education.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent2VotingMembersIndependentCnt
Total Employee54TotalEmployeeCnt
Total Volunteers5TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$5,365,822PYContributionsGrantsAmt
CY Contributions Grants$5,089,981CYContributionsGrantsAmt
PY Program Service Revenue$6,847,175PYProgramServiceRevenueAmt
CY Program Service Revenue$7,573,013CYProgramServiceRevenueAmt
PY Investment Income$439,296PYInvestmentIncomeAmt
CY Investment Income$436,097CYInvestmentIncomeAmt
PY Other Revenue$915,965PYOtherRevenueAmt
CY Other Revenue$1,026,259CYOtherRevenueAmt
PY Total Revenue$13,568,258PYTotalRevenueAmt
CY Total Revenue$14,125,350CYTotalRevenueAmt
PY Grants And Similar Paid$154,622PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,829,942CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$5,970,594PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$5,477,538CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$154,579CYTotalFundraisingExpenseAmt
PY Other Expenses$4,386,449PYOtherExpensesAmt
CY Other Expenses$6,152,240CYOtherExpensesAmt
PY Total Expenses$10,511,665PYTotalExpensesAmt
CY Total Expenses$13,459,720CYTotalExpensesAmt
PY Revenues Less Expenses$3,056,593PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$665,630CYRevenuesLessExpensesAmt
Total Assets BOY$24,649,709TotalAssetsBOYAmt
Total Assets EOY$23,155,888TotalAssetsEOYAmt
Total Liabilities BOY$13,205,782TotalLiabilitiesBOYAmt
Total Liabilities EOY$11,029,703TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$11,443,927NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$12,126,185NetAssetsOrFundBalancesEOYAmt
MissionBeating poverty through quality education.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$10,319,952ExpenseAmt
Grant$1,829,942GrantAmt
Revenue$7,573,013RevenueAmt
DescCREATING ACCESS TO QUALITY EDUCATION FOR FAMILIES BY USING START-UP CAPITAL TO CREATE AND SUPPORT SELF-SUSTAINING, SUCCESSFUL SCHOOLS THAT IMPROVE COMMUNITIES AND LIVE ON INTO PERPETUITY.Desc
Total Program Service Expenses$10,319,952TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityYes (true)DisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document23IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee54EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member2IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesfalseMinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldINStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Dana L TeasleyBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3175361027PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13145 N Meridian StreetAddressLine1Txt
CityIndianapolisCityNm
State AbbreviationINStateAbbreviationCd
ZIP46208ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
JEFF READY
Chair1.02.0Yes (X)Yes (X)$0$0$0
John Gottsman
Vice Chair1.00.0Yes (X)Yes (X)$0$0$0
KEVIN TEASLEY
PRESIDENT/CEO40.02.0Yes (X)Yes (X)$402,175$0$56,767
DANA L Teasley
VICE PRESIDENT/CFO40.02.0Yes (X)$312,999$0$37,980
Jeffery Lozer
Chief Operations Officer40.02.0$125,749$0$31,419Yes (X)
Kathy Pitts
Chief Accounting Officer40.00.0$192,140$0$26,921Yes (X)
Sandra Douglas
Chief Academic Officer40.00.0$167,224$0$11,675Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,200,287TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$164,762TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K5IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Faegre Drinker Biddle & Reath LLPBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 N Meridian St Central 2500AddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46204ZIPCd
FieldValueIRS element (for citing)
ServicesPROFESSIONAL SERVICESServicesDesc
Compensation$120,727CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Government Grants$3,854,981GovernmentGrantsAmt
All Other Contributions$1,235,000AllOtherContributionsAmt
Total Contributions$5,089,981TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescSupporting ServicesDesc
Business611710BusinessCd
Total Revenue Column$7,573,013TotalRevenueColumnAmt
Related Or Exempt Func Income$7,573,013RelatedOrExemptFuncIncomeAmt

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$7,573,013TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$171,751TotalRevenueColumnAmt
Exclusion$171,751ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$1,026,259RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$1,026,259RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,026,259TotalRevenueColumnAmt
Exclusion$1,026,259ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$4,033,618SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$3,769,272SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$264,346SecuritiesAmt
Other$0OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$264,346TotalRevenueColumnAmt
Exclusion$264,346ExclusionAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$0OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$14,125,350TotalRevenueColumnAmt
Related Or Exempt Func Income$7,573,013RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,462,356ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,829,942TotalAmt
Program Services$1,829,942ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$3,768,126TotalAmt
Program Services$2,750,732ProgramServicesAmt
Management And General$979,713ManagementAndGeneralAmt
Fundraising$37,681FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$165,435TotalAmt
Program Services$120,768ProgramServicesAmt
Management And General$43,013ManagementAndGeneralAmt
Fundraising$1,654FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$1,295,824TotalAmt
Program Services$1,133,016ProgramServicesAmt
Management And General$160,853ManagementAndGeneralAmt
Fundraising$1,955FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$248,153TotalAmt
Program Services$181,151ProgramServicesAmt
Management And General$64,520ManagementAndGeneralAmt
Fundraising$2,482FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$114,914TotalAmt
Program Services$83,887ProgramServicesAmt
Management And General$29,878ManagementAndGeneralAmt
Fundraising$1,149FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$125,735TotalAmt
Program Services$91,787ProgramServicesAmt
Management And General$32,691ManagementAndGeneralAmt
Fundraising$1,257FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$51,773TotalAmt
Management And General$51,773ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$3,820,287TotalAmt
Program Services$2,788,809ProgramServicesAmt
Management And General$993,275ManagementAndGeneralAmt
Fundraising$38,203FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$54,124TotalAmt
Fundraising$54,124FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$76,226TotalAmt
Program Services$55,645ProgramServicesAmt
Management And General$19,819ManagementAndGeneralAmt
Fundraising$762FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$135,595TotalAmt
Program Services$122,035ProgramServicesAmt
Management And General$13,560ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$552,520TotalAmt
Program Services$430,966ProgramServicesAmt
Management And General$116,029ManagementAndGeneralAmt
Fundraising$5,525FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$236,735TotalAmt
Program Services$172,817ProgramServicesAmt
Management And General$61,551ManagementAndGeneralAmt
Fundraising$2,367FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$407,022TotalAmt
Program Services$297,126ProgramServicesAmt
Management And General$105,826ManagementAndGeneralAmt
Fundraising$4,070FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$334,963TotalAmt
Program Services$261,271ProgramServicesAmt
Management And General$70,342ManagementAndGeneralAmt
Fundraising$3,350FundraisingAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescDues and SubscriptionsDesc
Total$239,346TotalAmt
Management And General$239,346ManagementAndGeneralAmt

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$3,000TotalAmt
Program Services$0ProgramServicesAmt
Management And General$3,000ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$13,459,720TotalAmt
Program Services$10,319,952ProgramServicesAmt
Management And General$2,985,189ManagementAndGeneralAmt
Fundraising$154,579FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$3,741,742BOYAmt
EOY$3,121,268EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$28,669BOYAmt
EOY$60,461EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$5,233,480BOYAmt
EOY$3,552,075EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$1,091,460BOYAmt
EOY$1,686,552EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$33,918BOYAmt
EOY$9,918EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$9,024,317LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,140,181LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$8,186,421BOYAmt
EOY$7,884,136EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$6,334,019BOYAmt
EOY$6,736,644EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$104,834EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$24,649,709BOYAmt
EOY$23,155,888EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,882,166BOYAmt
EOY$2,283,211EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$11,064,976BOYAmt
EOY$8,704,492EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$258,640BOYAmt
EOY$42,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$13,205,782BOYAmt
EOY$11,029,703EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$11,443,927BOYAmt
EOY$12,126,185EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$11,443,927BOYAmt
EOY$12,126,185EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$24,649,709BOYAmt
EOY$23,155,888EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$665,630ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$16,628NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule A, Part I, Line 2 Reason for Public Charity StatusFormAndLineReferenceDesc
ExplanationGEO Foundation's ("GEO") external legal counsel has reviewed and determined that GEO is an educational institution pursuant to Code Section 170(b)(1)(A)(ii).Accordingly, Schedule A, Line 2 reflects this change in public charity status.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$8,418,836OtherCostOrOtherBasisAmt
Depreciation$679,844DepreciationAmt
Book Value$7,738,992BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$605,481OtherCostOrOtherBasisAmt
Depreciation$460,337DepreciationAmt
Book Value$145,144BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$7,884,136TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
NOTE PAYABLE RELATED PARTY
RIGHT OF USE LEASE$42,000
FieldValueIRS element (for citing)
Total Liability$42,000TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule D, Part X, Line 2 FIN 48 (ASC 740) footnoteFormAndLineReferenceDesc
ExplanationThe Foundation is exempt from income taxes on income from related activities under Section 501(c)(3) of the U. S. Internal Revenue Code and corresponding state tax law. Accordingly, no provision has been made for federal or state income taxes. Additionally, the Foundation is not considered to be a private foundation under Section 509(a) of the Internal Revenue Code. The Foundation has adopted applicable guidance with respect to accounting for uncertainty in income taxes. A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit will be recorded. The Foundation does not expect the total amount of unrecorded tax benefits to significantly change in the next 12 months. The Foundation recognizes interest and/or penalties related to income tax matters in income tax expense. The Foundation did not have any amounts accrued for interest and penalties at June 30, 2023.ExplanationTxt

Schedule E IRS990ScheduleE

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule E, Part I Schedule left blankFormAndLineReferenceDesc
ExplanationPursuant to disclosure in Schedule A, Part I, Line 2, Geo Foundation's ("GEO") external legal counsel has reviewed and determined that GEO is an educational institution pursuant to Code Section 170(b)(1)a(ii). As such, Schedule E has been triggered as a required supplemental schedule. While GEO does not conduct day-to-day instruction, it exercises meaning and sufficient oversight of the affiliated schools as outlined below: 21st Century Charter School at Gary (Gary) Gary Middle College, Inc. (GMC) GEO Prep Academy of Greater Baton Rouge (GBR) GEO Prep Mid-City of Greater Baton Rouge (Mid-City) GEO Next Generation High School, Inc. (Next Generation) GEO Next Generation High School, Inc. (Next Generation)ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Recipient Table RecipientTable (3 entries)

Address Line1USAddress/AddressLine1TxtAddress Line2USAddress/AddressLine2TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
Donors Choose
134 W 37th StFloor 11NEW YORKNY10018134129457501(C)(3)$68,511Teacher projects for schools
GEO ACADEMIES INC
3145 N MERIDIAN STREETINDIANAPOLISIN46208833708286501(C)(3)$1,025,000ACADEMIC SUPPORT
GEO PREP BAKER
2355 N Sherwood Forest DrBaton RougeLA70815464166433501(c)(3)$736,432ACADEMIC SUPPORT
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org2TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule I, Part I, Line 2 Procedures for monitoring use of grant funds.FormAndLineReferenceDesc
ExplanationThe Director of Budget & Grant Management informs HR regarding grant funded employees. HR monitors their time and effort through the Paylocity system for proper approval paths.Any expenses for grant funds are processed through our PO system in NetSuite with a three-part approval process prior to purchases being made. Once invoices for grant items are paid, Accounting Director files reimbursements after the final approval with CAO and CFO.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
KEVIN TEASLEY
PRESIDENT/CEO$299,214$0$72,000$0$30,961$0$38,277$0$18,490$0$458,942$0$0$0
DANA L Teasley
VICE PRESIDENT/CFO$260,000$0$35,000$0$17,999$0$37,980$0$0$0$350,979$0$0$0
Kathy Pitts
Chief Accounting Officer$170,371$0$10,000$0$11,769$0$10,973$0$15,948$0$219,061$0$0$0
Sandra Douglas
Chief Academic Officer$147,186$0$10,000$0$10,038$0$10,126$0$1,549$0$178,899$0$0$0
Jeffery Lozer
Chief Operations Officer$119,914$0$0$0$5,835$0$8,530$0$22,889$0$157,168$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Line 2 Family/business relationships amongst interested personsDana L Teasley - Family relationship, Kevin Teasley - Family relationship
Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing bodyThe organization does not have any committees with authority to act on behalf of the governing body.
Form 990, Part VI, Line 11b Review of form 990 by governing bodyThe Form 990 is reviewed by GEO Foundation's CFO and CEO, before being emailed to the board. After the board review, the Form 990 is submitted to the IRS.
Form 990, Part VI, Line 12c Conflict of interest policyAll board members annually complete a confidential conflict of interest statement. If a conflict arises, it is noted and reviewed by the board to determine if any action needs to be taken. Individuals with conflicts abstain from voting on such matters.
Form 990, Part VI, Line 15a Process to establish compensation of top management officialCEO and President salary are set by the Board of Directors after compensation study. Other top leadership are set by CEO or President, based on comparability data.
Form 990, Part VI, Line 15b Process to establish compensation of other employeesCEO and President salary are set by the Board of Directors after compensation study. Other top leadership are set by CEO or President, based on comparability data.
Form 990, Part VI, Line 19 Required documents available to the publicFinancial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to internal revenue code (IRC) section 6104. These documents are not available to the public at this time.
Form 990, Part IX, Line 11g Other FeesConsulting - Total Expense: 133708, Program Service Expense: 97607, Management and General Expenses: 34764, Fundraising Expenses: 1337; Professional Services - Total Expense: 3685418, Program Service Expense: 2690355, Management and General Expenses: 958209, Fundraising Expenses: 36854; Security Services - Total Expense: 1161, Program Service Expense: 847, Management and General Expenses: 302, Fundraising Expenses: 12;

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEINEIN
GEOF HOLDINGS INDIANA LLC
3145 N Meridian StreetINDIANAPOLISIN46208REAL ESTATEIN$0$10,374GREATER EDUCATIONAL OPPORTUNITIES FOUNDATION
GEOF HOLDINGS COLORADO LLC
3145 N Meridian StreetINDIANAPOLISIN46208REAL ESTATECO$0$0GREATER EDUCATIONAL OPPORTUNITIES FOUNDATION954406881
GEO ACADEMIES INDIANA HOLDING LLC
3145 N MERIDIAN STREETINDIANAPOLISIN46208EDUCATIONIN$640,484$4,723,337GREATER EDUCATIONAL OPPORTUNITIES FOUNDATION863651129

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1GEO Properties Foundation IncBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line13145 N Meridian StreetAddressLine1Txt
CityIndianapolisCityNm
State AbbreviationINStateAbbreviationCd
ZIP46208ZIPCd
FieldValueIRS element (for citing)
EIN834438758EIN
Primary ActivitiesReal EstatePrimaryActivitiesTxt
Legal Domicile StateINLegalDomicileStateCd
Exempt Code Section501(c)(3)ExemptCodeSectionTxt
Public Charity StatusType IPublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1GREATER EDUCATIONAL OPPORTUNITIES FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationYes (true)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (true)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (true)PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingYes (true)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (true)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (true)TransferToOtherOrgInd
Transfer From Other OrgYes (true)TransferFromOtherOrgInd