2024-05-10T13:28:31+00:00 2023-06-30 350921680 CROWE LLP 231 S Bemiston Ave Suite 800 Clayton MO 63105 990 2022-07-01 954406881 Greater Educational Opportunities Foundation GREA 3175361027 3145 N Meridian Street Indianapolis IN 46208 Dana L Teasley Vice Preseident/CFO 2024-05-10 true Dana Teasley 999009999 Steve Lenivy P01635350 3148022000 2022 2023-04-26 12:10:37Z Kevin Teasley 3145 N Meridian Street Indianapolis IN 46208 17894622 false X WWW.GEOFOUNDATION.ORG X 1998 IN Beating poverty through quality education. 3 2 54 5 0 0 5365822 5089981 6847175 7573013 439296 436097 915965 1026259 13568258 14125350 154622 1829942 0 5970594 5477538 0 154579 4386449 6152240 10511665 13459720 3056593 665630 24649709 23155888 13205782 11029703 11443927 12126185 Beating poverty through quality education. false false 10319952 1829942 7573013 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. 10319952 true true 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 true true true false false false true 23 0 true 54 true false false false false false false false false false false false false X 3 2 true false false false false false false true false false false true true true true true true true true false CA IN X Dana L Teasley 3175361027 3145 N Meridian Street Indianapolis IN 46208 JEFF READY Chair 1.0 2.0 X X 0 0 0 John Gottsman Vice Chair 1.0 0.0 X X 0 0 0 KEVIN TEASLEY PRESIDENT/CEO 40.0 2.0 X X 402175 0 56767 DANA L Teasley VICE PRESIDENT/CFO 40.0 2.0 X 312999 0 37980 Jeffery Lozer Chief Operations Officer 40.0 2.0 X 125749 0 31419 Kathy Pitts Chief Accounting Officer 40.0 0.0 X 192140 0 26921 Sandra Douglas Chief Academic Officer 40.0 0.0 X 167224 0 11675 1200287 0 164762 5 false true false Faegre Drinker Biddle & Reath LLP 300 N Meridian St Central 2500 INDIANAPOLIS IN 46204 PROFESSIONAL SERVICES 120727 1 3854981 1235000 5089981 Supporting Services 611710 7573013 7573013 0 0 0 0 7573013 171751 171751 1026259 1026259 0 1026259 1026259 4033618 3769272 264346 0 264346 264346 0 0 0 0 0 14125350 7573013 0 1462356 X 1829942 1829942 3768126 2750732 979713 37681 165435 120768 43013 1654 1295824 1133016 160853 1955 248153 181151 64520 2482 114914 83887 29878 1149 125735 91787 32691 1257 51773 51773 3820287 2788809 993275 38203 54124 54124 76226 55645 19819 762 135595 122035 13560 552520 430966 116029 5525 236735 172817 61551 2367 407022 297126 105826 4070 334963 261271 70342 3350 Dues and Subscriptions 239346 239346 3000 0 3000 0 13459720 10319952 2985189 154579 3741742 3121268 28669 60461 5233480 3552075 0 0 0 0 1091460 1686552 33918 9918 9024317 1140181 8186421 7884136 6334019 6736644 0 0 0 104834 24649709 23155888 1882166 2283211 0 0 11064976 8704492 258640 42000 13205782 11029703 X 11443927 12126185 11443927 12126185 24649709 23155888 665630 16628 0 X false true X true false 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 8418836 679844 7738992 605481 460337 145144 7884136 NOTE PAYABLE RELATED PARTY RIGHT OF USE LEASE 42000 42000 X 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, 2023. 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 High School, Inc. (Next Generation) true Donors Choose 134 W 37th St Floor 11 NEW YORK NY 10018 134129457 501(C)(3) 68511 Teacher projects for schools GEO ACADEMIES INC 3145 N MERIDIAN STREET INDIANAPOLIS IN 46208 833708286 501(C)(3) 1025000 ACADEMIC SUPPORT GEO PREP BAKER 2355 N Sherwood Forest Dr Baton Rouge LA 70815 464166433 501(c)(3) 736432 ACADEMIC SUPPORT 1 2 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 CAO and CFO. X X false false false false false false false false false KEVIN TEASLEY PRESIDENT/CEO 299214 0 72000 0 30961 0 38277 0 18490 0 458942 0 0 0 DANA L Teasley VICE PRESIDENT/CFO 260000 0 35000 0 17999 0 37980 0 0 0 350979 0 0 0 Kathy Pitts Chief Accounting Officer 170371 0 10000 0 11769 0 10973 0 15948 0 219061 0 0 0 Sandra Douglas Chief Academic Officer 147186 0 10000 0 10038 0 10126 0 1549 0 178899 0 0 0 Jeffery Lozer Chief Operations Officer 119914 0 0 0 5835 0 8530 0 22889 0 157168 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 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 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: 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; 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 640484 4723337 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 true false false false false false false false false false true false false true true false true true