2025-05-09T11:32:25+00:00 2024-06-30 350921680 CROWE LLP 231 S Bemiston Ave Suite 800 Clayton MO 63105 990 2023-07-01 833708286 GEO Academies Inc GEOA 3175361027 3145 N Meridian Street Indianapolis IN 46208 Dana L Teasley Treasurer 2025-05-09 true true Steve Lenivy P01635350 3148022000 2025-05-09 2023 2025-03-06 01:10:19Z DBA Next Generation High School Kevin Teasley 3145 N Meridian Street Indianapolis IN 46208 3873028 false X www.geoacademies.org X 2019 IN To EMPOWER students to ACCELERATE their academic pathways to ADVANCE their social mobility and ACHIEVE their career and life-long goals. 4 4 38 7 0 0 2940603 2994646 152159 589958 0 -89 435641 288602 3528403 3873117 2000 2000 0 1403131 1516083 0 0 0 1923894 2647925 3329025 4166008 199378 -292891 1504426 1191789 2725271 2705525 -1220845 -1513736 To EMPOWER students to ACCELERATE their academic pathways to ADVANCE their social mobility and ACHIEVE their career and life-long goals. false false 3821895 2000 878471 DEVELOPING THE HIGHEST POTENTIAL OF STUDENTS THROUGH EDUCATING THE WHOLE PERSON, ENSURING THAT ALL STUDENTS ATTAIN BASIC SKILLS APPROPRIATE TO THEIR AGE AND GRADE LEVEL. THERE ARE A TOTAL OF 216 STUDENTS. 3821895 true true false false false false false false false true false false true true true true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 26 0 true 38 true false false false false false false false false false false false false X 4 4 true true false false false false false true false false false true true true true true true false false false IN X Dana L Teasley 3175361027 3145 N Meridian Street Indianapolis IN 46208 Alice Watkins Chair 2.0 X X 0 0 0 Jesse Moore Secretary/Treasurer (UNTIL MAY 2024) 2.0 X X 0 0 0 Jimmie L McMillian JR Vice Chair 2.0 X X 0 0 0 Deon Levingston Board Member (UNTIL OCT 2023) 2.0 X 0 0 0 Jeff Ready BOARD MEMBER 2.0 X 0 0 0 JR Russell Board Member 2.0 X 0 0 0 Troy Julian Gibson Board Member (UNTIL NOV 2023) 2.0 X 0 0 0 DANA L TEASLEY School Treasurer 2.0 X 0 0 0 KEVIN TEASLEY Superintendent 2.0 X 0 0 0 0 0 0 0 false false false Greater Educational Opportunities Foundation 3145 N Meridian Street Indianapolis IN 46208 Management Fees 274403 1 2869646 125000 2994646 Special Education Services 611110 473271 473271 Student Meals 611110 116687 116687 0 0 0 0 589958 0 0 0 -89 0 89 -89 -89 Staff Reimbursement 900099 218137 218137 Security 561600 35500 35500 Textbook 611110 34965 34965 0 0 0 0 288602 3873117 878471 0 0 X 2000 2000 1238627 1238627 74379 74379 118892 118892 84185 84185 328406 12385 316021 28092 28092 442757 442757 0 0 115376 115376 352910 352910 264272 264272 416322 416322 246857 246857 83751 83751 16152 16152 Cafeteria Food 136099 136099 College Coursework & Transport 110556 110556 Dues and Subscriptions 32641 32641 Repair and Maintenance 18823 18823 54911 54911 0 0 4166008 3821895 344113 0 317823 190379 167674 91313 0 0 0 0 9149 25842 544809 315759 240421 229050 0 0 0 769359 655205 1504426 1191789 110865 210406 6810 0 0 0 785595 785595 1822001 1709524 2725271 2705525 X -1220845 -1513736 -1220845 -1513736 1504426 1191789 -292891 0 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 196986 34387 162599 347823 281372 66451 229050 Right of Use Asset 521000 Due from Affiliate 125005 Deposits 9200 655205 Right of Use Lease Liability 521000 Due to Affiliate 1188524 1709524 X 3873206 0 0 3873206 -89 -89 3873117 4166097 0 0 4166097 -89 -89 4166008 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The School 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 School is not considered to be a private foundation under Section 509(a) of the Internal Revenue Code. The School 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 School does not expect the total amount of unrecorded tax benefits to significantly change in the next 12 months. The School recognizes interest and/or penalties related to income tax matters in income tax expense. The School did not have any amounts accrued for interest and penalties at June 30, 2024 and 2023. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Realized loss on sale of assets - -89 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Realized loss on sale of assets - -89 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY The racially nondiscriminatory policy is publicized on the website. It is also included in the Student Handbook and is part of the Charter. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT The organization receives federal and state grant money to achieve its stated mission. STATE-BASIC GRANT STATE-CHARTER FACILITIES GRANT FEDERAL-TITLE I GRANT 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 3 Delegation of management duties THE ORGANIZATION HAS A MANAGEMENT AGREEMENT WITH THE GREATER EDUCATION OPPORTUNITIES FOUNDATION, INC. ("GEO") ("95-4406881") TO PROVIDE MANAGEMENT, OPERATION, AND ADMINISTRATIVE SERVICES. THE COMPENSATION OF OFFICERS, KEVIN TEASLEY AND DANA TEASLEY, IS REPORTED ON GEO'S RESPECTIVE FORM 990 FILING. 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 confidentiality 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 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 Professional Development - Total Expense: 351776, Program Service Expense: 351776, Management and General Expenses: , Fundraising Expenses: ; Other Professional Services - Total Expense: 90981, Program Service Expense: 90981, Management and General Expenses: , Fundraising Expenses: ;