2026-05-15T11:11:53+00:00 2025-06-30 350921680 CROWE LLP 701 13th St NW Suite 852 Washington DC 20005 990 2024-07-01 954406881 Greater Educational Opportunities Foundation GREA 3175361027 3145 N Meridian Street Indianapolis IN 46208 Dana L Teasley Vice Preseident/CFO 2026-05-15 true Steve Lenivy P01635350 2026245555 2026-05-15 2024 2025-03-06 01:10:19Z Kevin Teasley 3145 N Meridian Street Indianapolis IN 46208 23177878 false X WWW.GEOFOUNDATION.ORG X 1998 IN To EMPOWER students to ACCELERATE their academic pathways to ADVANCE their social mobility and ACHIEVE their career and life-long goals. 5 4 65 5 0 5346734 4568428 6136603 7785501 160629 735068 934497 686307 12578463 13775304 248959 80873 0 5735884 9708607 0 87813 5348124 3704270 11332967 13493750 1245496 281554 21656768 21233665 7721315 7279747 13935453 13953918 To EMPOWER students to ACCELERATE their academic pathways to ADVANCE their social mobility and ACHIEVE their career and life-long goals. false false 10806539 80873 7785501 CREATING 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. 10806539 true true false false false false false false false false true false false false true true false true true false false false false false false false false true false true false false false false false false false false false false false false false false true true true false false false true 40 0 true 65 true false false false false false false false false false false false false X 5 4 true false false false false false false true false false false false true true true true true true true true false false CA IN X Kathy Pitts 3175361027 3145 N Meridian Street Indianapolis IN 46208 Geoff Baum VICE CHAIR 1.0 0.0 X X 0 0 0 JEFF READY Chair 1.0 0.0 X X 0 0 0 KEVIN TEASLEY PRESIDENT/CEO 40.0 2.0 X X 456530 0 34731 Jeremiah Tate MEMBER 1.0 0.0 X 0 0 0 Rob Kremer MEMBER 1.0 0.0 X 0 0 0 DANA L Teasley VICE PRESIDENT/CFO 40.0 2.0 X 360413 0 16169 Kathy Pitts CHIEF FINANCIAL OFFICER 40.0 0.0 X 227353 0 28854 Jeffery Lozer Chief Operations Officer 40.0 2.0 X 157763 0 15943 Peter Morikis Executive Director - NW Indiana 1.0 0.0 X 173852 0 15054 Reena Gupta Accounting Director 1.0 0.0 X 154916 0 15101 Rick Elliott Executive Director 40.0 0.0 X 121342 0 17196 Shirlon Clay Chief Academic Officer -Baton Rouge 40.0 2.0 X 160589 0 18637 1812758 0 161685 16 false true false FAEGRE DRINKER BIDDLE & REATH LLP PO Box 856522 Dept 6952 Minneapolis MN 554856522 Law Firm 110881 1 3163428 1405000 4568428 Supporting Services 611710 7785501 7785501 0 0 0 0 7785501 149842 149842 686307 686307 0 686307 686307 9987800 9402574 585226 0 585226 585226 0 0 0 0 0 13775304 7785501 0 1421375 X 80873 80873 1202273 883915 306687 11671 4694599 3427057 1220597 46945 227030 165732 59028 2270 3198910 2893004 305285 621 385795 281630 100307 3858 110462 80637 28720 1105 115597 84386 30055 1156 16753 16753 1850504 1738516 107840 4148 70480 51450 18325 705 216975 158391 56414 2170 97983 71527 25475 981 373258 272480 97046 3732 161744 112864 47334 1546 184267 134515 47909 1843 307484 224464 79945 3075 Dues and Subscriptions 191279 139635 49732 1912 Bad Debt 7484 5463 1946 75 0 0 0 0 13493750 10806539 2599398 87813 2796577 3198496 796916 128470 2202679 1698517 0 0 0 0 1728219 1902930 19931 18660 9078400 1732619 7578450 7345781 6517996 6931811 0 0 16000 9000 21656768 21233665 4892949 1119395 43333 15000 0 0 2692950 6111622 92083 33730 7721315 7279747 X 13935453 13573714 380204 13935453 13953918 21656768 21233665 281554 -263089 0 X false true true true true X Schedule A, Part I, Line 2 Reason for Public Charity Status 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).Accordingly, Schedule A, Line 2 reflects this change in public charity status. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8476847 1184041 7292806 601553 548578 52975 7345781 Federal Income Taxes NOTE PAYABLE RELATED PARTY RIGHT OF USE LEASE LIABILITY 33730 33730 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The 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. Schedule E, Part I Schedule left blank Pursuant 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 Baker true 21ST CENTURY CHARTER SCHOOL OF GARY CO GEO FOUNDATION 3145 N MERIDIAN STREET INDIANAPOLIS IN 46208 421659388 501(C)(3) 10000 Career and Scholars THE THIRD WAY FOUNDATION INC 1156 15TH STREET NW 400 WASHINGTON DC 20005 521629221 501(C)(3) 70623 Teacher projects 2 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds The 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. X X false false false false false false false false false KEVIN TEASLEY PRESIDENT/CEO 326844 0 94000 0 35686 0 18606 0 16125 0 491261 0 0 0 DANA L Teasley VICE PRESIDENT/CFO 281190 0 63000 0 16223 0 16169 0 0 0 376582 0 0 0 Kathy Pitts CHIEF FINANCIAL OFFICER 208122 0 15000 0 4231 0 12198 0 16656 0 256207 0 0 0 Jeffery Lozer Chief Operations Officer 149158 0 0 0 8605 0 9466 0 6477 0 173706 0 0 0 Peter Morikis Executive Director - NW Indiana 156548 0 7500 0 9804 0 9618 0 5436 0 188906 0 0 0 Reena Gupta Accounting Director 144378 0 5000 0 5538 0 6925 0 8176 0 170017 0 0 0 Shirlon Clay Chief Academic Officer -Baton Rouge 141359 0 10000 0 9230 0 9709 0 8928 0 179226 0 0 0 Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Dana L Teasley - Family relationship, Kevin Teasley - Family relationship Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body The 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 body The 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 policy All 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 official CEO 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 employees CEO 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 public Financial 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 Fees Consulting - 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; GEOF HOLDINGS INDIANA LLC 3145 N Meridian Street INDIANAPOLIS IN 46208 REAL ESTATE IN 0 10374 GREATER EDUCATIONAL OPPORTUNITIES FOUNDATION GEOF HOLDINGS COLORADO LLC 3145 N Meridian Street INDIANAPOLIS IN 46208 954406881 REAL ESTATE CO 0 0 GREATER EDUCATIONAL OPPORTUNITIES FOUNDATION GEO ACADEMIES INDIANA HOLDING LLC 3145 N MERIDIAN STREET INDIANAPOLIS IN 46208 863651129 EDUCATION IN 302951 4271688 GREATER EDUCATIONAL OPPORTUNITIES FOUNDATION GEO Properties Foundation Inc 3145 N Meridian Street Indianapolis IN 46208 834438758 Real Estate IN 501(c)(3) Type I GREATER EDUCATIONAL OPPORTUNITIES FOUNDATION true false false false false false false false false false false false true false false true true false true true