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GREATER EDUCATION OPPORTUNITIES FOUNDATION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
GREATER EDUCATION OPPORTUNITIES FOUNDATION (EIN 95-4406881)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-05-15
IRS object ID
202601359349306900
Schema version
2024v5.1
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)
Return2026-05-15T11:11:53+00:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

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 Line1701 13th St NW Suite 852AddressLine1Txt
CityWashingtonCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20005ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

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
Signature2026-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSteve LenivyPreparerPersonNm
PTINP01635350PTIN
Phone2026245555PhoneNum
Preparation2026-05-15PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

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$23,177,878GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.GEOFOUNDATION.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1998FormationYr
Legal Domicile StateINLegalDomicileStateCd
Activity Or MissionTo EMPOWER students to ACCELERATE their academic pathways to ADVANCE their social mobility and ACHIEVE their career and life-long goals.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee65TotalEmployeeCnt
Total Volunteers5TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$5,346,734PYContributionsGrantsAmt
CY Contributions Grants$4,568,428CYContributionsGrantsAmt
PY Program Service Revenue$6,136,603PYProgramServiceRevenueAmt
CY Program Service Revenue$7,785,501CYProgramServiceRevenueAmt
PY Investment Income$160,629PYInvestmentIncomeAmt
CY Investment Income$735,068CYInvestmentIncomeAmt
PY Other Revenue$934,497PYOtherRevenueAmt
CY Other Revenue$686,307CYOtherRevenueAmt
PY Total Revenue$12,578,463PYTotalRevenueAmt
CY Total Revenue$13,775,304CYTotalRevenueAmt
PY Grants And Similar Paid$248,959PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$80,873CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$5,735,884PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$9,708,607CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$87,813CYTotalFundraisingExpenseAmt
PY Other Expenses$5,348,124PYOtherExpensesAmt
CY Other Expenses$3,704,270CYOtherExpensesAmt
PY Total Expenses$11,332,967PYTotalExpensesAmt
CY Total Expenses$13,493,750CYTotalExpensesAmt
PY Revenues Less Expenses$1,245,496PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$281,554CYRevenuesLessExpensesAmt
Total Assets BOY$21,656,768TotalAssetsBOYAmt
Total Assets EOY$21,233,665TotalAssetsEOYAmt
Total Liabilities BOY$7,721,315TotalLiabilitiesBOYAmt
Total Liabilities EOY$7,279,747TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$13,935,453NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$13,953,918NetAssetsOrFundBalancesEOYAmt
MissionTo EMPOWER students to ACCELERATE their academic pathways to ADVANCE their social mobility and ACHIEVE their career and life-long goals.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$10,806,539ExpenseAmt
Grant$80,873GrantAmt
Revenue$7,785,501RevenueAmt
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$10,806,539TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
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
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
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 Document40IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee65EmployeeCnt
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 Members5GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
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
Policies Reference ChaptersfalsePoliciesReferenceChaptersInd
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
Written Policy Or ProcedurefalseWrittenPolicyOrProcedureInd
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 Line1Kathy PittsBusinessNameLine1Txt
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 (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
Geoff Baum
VICE CHAIR1.00.0Yes (X)Yes (X)$0$0$0
JEFF READY
Chair1.00.0Yes (X)Yes (X)$0$0$0
KEVIN TEASLEY
PRESIDENT/CEO40.02.0Yes (X)Yes (X)$456,530$0$34,731
Jeremiah Tate
MEMBER1.00.0Yes (X)$0$0$0
Rob Kremer
MEMBER1.00.0Yes (X)$0$0$0
DANA L Teasley
VICE PRESIDENT/CFO40.02.0Yes (X)$360,413$0$16,169
Kathy Pitts
CHIEF FINANCIAL OFFICER40.00.0Yes (X)$227,353$0$28,854
Jeffery Lozer
Chief Operations Officer40.02.0$157,763$0$15,943Yes (X)
Peter Morikis
Executive Director - NW Indiana1.00.0$173,852$0$15,054Yes (X)
Reena Gupta
Accounting Director1.00.0$154,916$0$15,101Yes (X)
Rick Elliott
Executive Director40.00.0$121,342$0$17,196Yes (X)
Shirlon Clay
Chief Academic Officer -Baton Rouge40.02.0$160,589$0$18,637Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,812,758TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$161,685TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K16IndivRcvdGreaterThan100KCnt
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 Line1PO Box 856522 Dept 6952AddressLine1Txt
CityMinneapolisCityNm
State AbbreviationMNStateAbbreviationCd
ZIP554856522ZIPCd
FieldValueIRS element (for citing)
ServicesLaw FirmServicesDesc
Compensation$110,881CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Government Grants$3,163,428GovernmentGrantsAmt
All Other Contributions$1,405,000AllOtherContributionsAmt
Total Contributions$4,568,428TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescSupporting ServicesDesc
Business611710BusinessCd
Total Revenue Column$7,785,501TotalRevenueColumnAmt
Related Or Exempt Func Income$7,785,501RelatedOrExemptFuncIncomeAmt

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$7,785,501TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$149,842TotalRevenueColumnAmt
Exclusion$149,842ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$686,307RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$686,307RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$686,307TotalRevenueColumnAmt
Exclusion$686,307ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$9,987,800SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$9,402,574SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$585,226SecuritiesAmt
Other$0OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$585,226TotalRevenueColumnAmt
Exclusion$585,226ExclusionAmt

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$13,775,304TotalRevenueColumnAmt
Related Or Exempt Func Income$7,785,501RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,421,375ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$80,873TotalAmt
Program Services$80,873ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,202,273TotalAmt
Program Services$883,915ProgramServicesAmt
Management And General$306,687ManagementAndGeneralAmt
Fundraising$11,671FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$4,694,599TotalAmt
Program Services$3,427,057ProgramServicesAmt
Management And General$1,220,597ManagementAndGeneralAmt
Fundraising$46,945FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$227,030TotalAmt
Program Services$165,732ProgramServicesAmt
Management And General$59,028ManagementAndGeneralAmt
Fundraising$2,270FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$3,198,910TotalAmt
Program Services$2,893,004ProgramServicesAmt
Management And General$305,285ManagementAndGeneralAmt
Fundraising$621FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$385,795TotalAmt
Program Services$281,630ProgramServicesAmt
Management And General$100,307ManagementAndGeneralAmt
Fundraising$3,858FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$110,462TotalAmt
Program Services$80,637ProgramServicesAmt
Management And General$28,720ManagementAndGeneralAmt
Fundraising$1,105FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$115,597TotalAmt
Program Services$84,386ProgramServicesAmt
Management And General$30,055ManagementAndGeneralAmt
Fundraising$1,156FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$16,753TotalAmt
Management And General$16,753ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$1,850,504TotalAmt
Program Services$1,738,516ProgramServicesAmt
Management And General$107,840ManagementAndGeneralAmt
Fundraising$4,148FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$70,480TotalAmt
Program Services$51,450ProgramServicesAmt
Management And General$18,325ManagementAndGeneralAmt
Fundraising$705FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$216,975TotalAmt
Program Services$158,391ProgramServicesAmt
Management And General$56,414ManagementAndGeneralAmt
Fundraising$2,170FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$97,983TotalAmt
Program Services$71,527ProgramServicesAmt
Management And General$25,475ManagementAndGeneralAmt
Fundraising$981FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$373,258TotalAmt
Program Services$272,480ProgramServicesAmt
Management And General$97,046ManagementAndGeneralAmt
Fundraising$3,732FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$161,744TotalAmt
Program Services$112,864ProgramServicesAmt
Management And General$47,334ManagementAndGeneralAmt
Fundraising$1,546FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$184,267TotalAmt
Program Services$134,515ProgramServicesAmt
Management And General$47,909ManagementAndGeneralAmt
Fundraising$1,843FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$307,484TotalAmt
Program Services$224,464ProgramServicesAmt
Management And General$79,945ManagementAndGeneralAmt
Fundraising$3,075FundraisingAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Dues and Subscriptions$191,279$139,635$49,732$1,912
Bad Debt$7,484$5,463$1,946$75

All Other Expenses AllOtherExpensesGrp

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

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$13,493,750TotalAmt
Program Services$10,806,539ProgramServicesAmt
Management And General$2,599,398ManagementAndGeneralAmt
Fundraising$87,813FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,796,577BOYAmt
EOY$3,198,496EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$796,916BOYAmt
EOY$128,470EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,202,679BOYAmt
EOY$1,698,517EOYAmt

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$1,728,219BOYAmt
EOY$1,902,930EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$19,931BOYAmt
EOY$18,660EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$9,078,400LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,732,619LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$7,578,450BOYAmt
EOY$7,345,781EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$6,517,996BOYAmt
EOY$6,931,811EOYAmt

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$16,000BOYAmt
EOY$9,000EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$21,656,768BOYAmt
EOY$21,233,665EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$4,892,949BOYAmt
EOY$1,119,395EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$43,333BOYAmt
EOY$15,000EOYAmt

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$2,692,950BOYAmt
EOY$6,111,622EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$92,083BOYAmt
EOY$33,730EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$7,721,315BOYAmt
EOY$7,279,747EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$13,935,453BOYAmt
EOY$13,573,714EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
EOY$380,204EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$13,935,453BOYAmt
EOY$13,953,918EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$21,656,768BOYAmt
EOY$21,233,665EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$281,554ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$263,089NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

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$8,476,847OtherCostOrOtherBasisAmt
Depreciation$1,184,041DepreciationAmt
Book Value$7,292,806BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$601,553OtherCostOrOtherBasisAmt
Depreciation$548,578DepreciationAmt
Book Value$52,975BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$7,345,781TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
Federal Income Taxes
NOTE PAYABLE RELATED PARTY
RIGHT OF USE LEASE LIABILITY$33,730
FieldValueIRS element (for citing)
Total Liability$33,730TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Other Revenue$0OtherRevenueAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$0RevenueSubtotalAmt
Other Revenues Not Included$0OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$0TotalRevenuePerForm990Amt
Other Expenses Included$0OtherExpensesIncludedAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$0ExpensesSubtotalAmt
Other Expenses Not Included$0OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$0TotalExpensesPerForm990Amt

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, 2025 or 2024.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 of Baton Rouge (NGBR) GEO Prep BakerExplanationTxt

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
21ST CENTURY CHARTER SCHOOL OF GARY CO GEO FOUNDATION
3145 N MERIDIAN STREETINDIANAPOLISIN46208421659388501(C)(3)$10,000Career and Scholars
THE THIRD WAY FOUNDATION INC
1156 15TH STREET NW 400WASHINGTONDC20005521629221501(C)(3)$70,623Teacher projects
FieldValueIRS element (for citing)
Total501c3 Org2Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule I, Part I, Line 2 Procedures for monitoring use of grant fundsFormAndLineReferenceDesc
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 the 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 (7 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$326,844$0$94,000$0$35,686$0$18,606$0$16,125$0$491,261$0$0$0
DANA L Teasley
VICE PRESIDENT/CFO$281,190$0$63,000$0$16,223$0$16,169$0$0$0$376,582$0$0$0
Kathy Pitts
CHIEF FINANCIAL OFFICER$208,122$0$15,000$0$4,231$0$12,198$0$16,656$0$256,207$0$0$0
Jeffery Lozer
Chief Operations Officer$149,158$0$0$0$8,605$0$9,466$0$6,477$0$173,706$0$0$0
Peter Morikis
Executive Director - NW Indiana$156,548$0$7,500$0$9,804$0$9,618$0$5,436$0$188,906$0$0$0
Reena Gupta
Accounting Director$144,378$0$5,000$0$5,538$0$6,925$0$8,176$0$170,017$0$0$0
Shirlon Clay
Chief Academic Officer -Baton Rouge$141,359$0$10,000$0$9,230$0$9,709$0$8,928$0$179,226$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 salaries 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 salaries 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: 6858, Program Service Expense: 5006, Management and General Expenses: 1783, Fundraising Expenses: 69; Professional Services - Total Expense: 1842187, Program Service Expense: 1732445, Management and General Expenses: 105678, Fundraising Expenses: 4064; Security Services - Total Expense: 1459, Program Service Expense: 1065, Management and General Expenses: 379, Fundraising Expenses: 15;

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$302,951$4,271,688GREATER 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 OrgfalseGiftGrntOrCapContriToOthOrgInd
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